ENDE
Announcement

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

Settlement | Germany

Reference

Code
D22034
Service level
CEU Legacy
Last Updated
27.05.2022

CLIENT SERVICES GERMANY INTERNATIONAL (CREATION)

E:

csfra.int@clearstream.com

T:

+49-(0) 69-2 11-1 83 20 or 1 83 40

F:

+49-(0) 69-2 11-6 1 83 20 or 6 1 83 40

Effective

8 June 2022

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

OTC transactions in non-collective safe custody (NCSC) values (Creation) as of value date of 8 June 2022 and later are only to be set against the Clearstream Banking S.A. (CBL) accounts 51911 (DWPBK W/HAMBURGER SPK / Matching BIC DWPBDEDDXXX) or 51912 (DWPBK W/HAMBURGER SPK ITL TAX 0.5 / Matching BIC DWPBDEDDXXX). 

OTC trades entered against CBF-i accounts 63057 (DWPBANK W/HAMBURGER SPARKASSE AG / Matching BIC HASPDEHHXXX) or 60924 (DWPBANK W/HASPA -ITL TX/UK0.5 / Matching BIC HASPDEHHXXX) and still open on the conversion date will not be converted by Clearstream Banking AG1.

All OTC transactions already entered against accounts 63057 or 60924, both matched and unmatched, before value date 8 June 2022 will still be settled via these accounts.

All matched and unmatched pending OTC transactions already entered against accounts 63057 or 60924 as of value date 8 June 2022 and later are to be entered against accounts 51911 or 51912.

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 3057 (T2S Party BIC HASPDEHHXXX) or 63057 (Matching BIC HASPDEHHXXX) of Deutsche WertpapierService Bank AG/Hamburger Sparkasse 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.