Change in back-office activities of Deutsche WertpapierService Bank AG/DZ Bank AG

Effective

22 March 2021

the following changes in securities settlement of Deutsche WertpapierService Bank AG/DZ Bank AG will apply.

OTC transactions in non-collective safe custody (NCSC) values (Creation) as of trading day 18 March 2021 as of value date of 22 March 2021 and later are only to be set against the Clearstream Banking S.A. (CBL) accounts 51214 (DWPBANK W/DZ BANK AG) or 51215 (DWPBANK W/DZ BANK SONDERH/UK). Exceptions are repo, securities lending and collateral transactions that were traded with DZ Bank and for which the opening took place before value date 22 March 2021.

OTC trades entered against CBF-i accounts 67268 (DWPBANK W/DZ BANK AG) or 69698 (DWPBANK W/DZ BANK SONDERH/UK) and still open on the conversion date will not be converted by Clearstream Banking AG¹.

All OTC transactions already entered against accounts 67268 or 69698, both matched and unmatched, pending on value date 22 March 2021 and older will still be settled via these accounts.

All matched and unmatched pending OTC transactions already entered against accounts 67268 or 69698 as of value date 22 March 2021 and older are to be entered against accounts 51214 or 51215.

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 7268 or 67268 of Deutsche WertpapierService Bank AG/DZ Bank AG.

Further information

For further information, customers may contact Clearstream Banking 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.