Change in back-office activities of Deutsche WertpapierService Bank AG/Landesbank Hessen-Thüringen Girozentrale
Reference
CLIENT SERVICES GERMANY INTERNATIONAL (CREATION)
Effective
30 March 2021
the following changes in securities settlement of Deutsche WertpapierService Bank AG/Landesbank Hessen-Thüringen Girozentrale will apply.
OTC transactions in non-collective safe custody (NCSC) values (Creation) as of value date of 30 March 2021 and later are only to be set against the Clearstream Banking S.A. (CBL) accounts 50920 (DWPBANK RE LANDESBANK HESSEN THUERIGEN) or 50917 (DWPBK / LANDESBK HESSEN TH. ITL TAX).
OTC trades entered against CBF-i accounts 67010 (DWPBANK W/HELABA) or 60825 (DWPBANK W/HELABA /ITLTAX) and still open on the conversion date will not be converted by Clearstream Banking AG1.
All OTC transactions already entered against accounts 67010 or 60825, both matched and unmatched, pending on value date 30 March 2021 and older will still be settled via these accounts.
All matched and unmatched pending OTC transactions already entered against accounts 67010 or 60825 as of value date 30 March 2021 and older are to be entered against accounts 50920 or 50917.
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 7010 or 67010 of Deutsche WertpapierService Bank AG/Landesbank Hessen-Thüringen Girozentrale.
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.