Change in back-office activities of Deutsche WertpapierService Bank AG/SaarLB
Reference
CLIENT SERVICES FRANKFURT DOMESTIC
Effective
3 December 2020
the following changes in securities settlement of Deutsche WertpapierService Bank AG/SaarLB will apply.
OTC transactions in non-collective safe custody (NCSC) values (Creation) as at value date 3 December 2020 and later are only to be set against accounts 50915 (DWPBANK W/SAARLB) or 50919 (DWPBANK W/SAARLB - UK 0.5).
OTC transactions entered against accounts 68584 or 69259 and still open on the conversion date will not be converted by Clearstream Banking AG1.
All OTC transactions already entered against accounts 68584 or 69259, both matched and unmatched, pending on value date 2 December 2020 and older will still be settled via these accounts.
All matched and unmatched pending OTC transactions already entered against accounts 68584 or 69259 as of value date 3 December 2020 and older are to be entered against accounts 50915 or 50919.
For contract note transactions (stock exchange transactions and inter-exchange securities transfer (PUEV)) in collective safe custody (CSC) values (CASCADE) and NCSC values (Creation) the process remains unchanged. Settlement will continue to take place via accounts 8584 and 68584 of Deutsche WertpapierService Bank AG/SaarLB.
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.