U.S.A: Physical securities processing services extended
Citibank N.A., New York (Citi), as Clearstream Banking’s custodian in the U.S.A, announced that its vault will continue to extend its current on-site operating schedule for three days a week (Mondays, Wednesdays and Fridays) for physical securities processing based on current volumes. Citi will continue to work remotely on Tuesdays and Thursdays providing full operational services.
Citi’s vault services team will continue to monitor, research and remediate daily any electronic inquiries normally under the current conditions.
Customers should take note that DTC physical securities processing continues to operate with limited on-site staff. DTC reminds customers to anticipate extended processing time frames and possible service delays.
Impact on customers
Clearstream Banking’s physical security processing services continue to operate under the current market conditions. Extended processing time frames for physical securities processing are expected.
We will continue to monitor the situation and will inform customers when further news is received from the market.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.