Change in settlement instructions of Deutsche WertpapierService Bank AG/Bayerische Landesbank

Effective

7 April 2021

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

This affects the following accounts:

OTC trades entered against the CBF-i accounts and still open on the conversion date will not be converted by Clearstream Banking AG¹.

All matched and unmatched open OTC trades already entered against the CBF-i accounts up to and including value date 6 April 2021 will still be regulated through these accounts. 

All matched and unmatched pending OTC transactions already entered against CBFi accounts as of value date 7 April 2021 and older are to be entered against the new Clearstream Banking S.A. (CBL) accounts.

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 2007 or 62007 of Deutsche WertpapierService Bank AG/Bayerische Landesbank.

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