Change in back-office activities of Deutsche WertpapierService Bank AG/Donner + Reuschel AG
Reference
CLIENT SERVICES FRANKFURT DOMESTIC
Effective
15 March 2021
the following changes in securities settlement of Deutsche WertpapierService Bank AG/Donner + Reuschel AG will apply.
OTC transactions in non-collective safe custody (NCSC) values (Creation) as at value date 15 March 2021 and later are only to be set against CBL accounts 51904 (DWPBANK W/DONNER + REUSCHEL HPTKTO) or 51906 (DWPBANK W/DONNER + REUSCH.-SONH/UK 0.5).
OTC trades entered against CBF-i accounts 68353 (DWPBANK W/DONNER + REUSCHEL HPTKTO) or 69114 (DWPBANK W/DONNER + REUSCH.-SONH/UK 0.5) and still open on the conversion date will not be converted by Clearstream Banking AG1.
All OTC transactions already entered against accounts 68353 or 69114, both matched and unmatched, pending on value date 15 March 2021 and older will still be settled via these accounts.
All matched and unmatched pending OTC transactions already entered against accounts 68353 or 69114 as of value date 15 March 2021 and older are to be entered against accounts 51904 or 51906.
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 8353 or 68353 of Deutsche WertpapierService Bank AG/Donner + Reuschel AG.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
------------------------------------------
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.