Transfer of back-office activities of various saving banks from LBBW to dwpbank AG
Reference
CLIENT SERVICES FRANKFURT DOMESTIC
Effective
14 October 2019
the saving banks
- Kreissparkasse Ludwigsburg
- Kreissparkasse Tübingen
- Sparkasse Schwarzwald-Baar
- Sparkasse Rhein-Nahe
will switch their securities settlement of client assets from Landesbank Baden-Württemberg (LBBW) to dwpbank AG. The securities settlement of own assets for these savings banks will remain unchanged with LBBW.
OTC transactions for these saving banks in collective safe custody (CSC - CASCADE) and non-collective safe custody (NCSC - Creation) until trade day 11 October 2019 inclusive must still be instructed against accounts 4450 or 64450. An agreement between the counterparties may be necessary.
From trade day 14 October 2019, all transactions for the above-mentioned savings banks are only to be instructed against the accounts of dwpbank AG 4003 or 64003.
Contract note transactions (stock exchange trades and inter-exchange securities transfers (PUEV)) for the above-mentioned saving banks in CSC (CASCADE) and NCSC (Creation) are only to be instructed against the accounts of dwpbank AG from trade day 14 October 2019. Settlement takes place via dwpbank AG.
Further information
For further information, customers may contact Clearstream Banking1 Client Services or their Relationship Officer.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.