Portugal: Change of CSD for Portuguese Treasury Bills
Effective end of business
30 November 2012
the Portuguese central bank, Banco de Portugal, has announced that its Central Securities Depository (CSD) SITEME, where Portuguese Treasury Bills (PTBs) are deposited, will be closed.
From 3 December 2012, the issuance, settlement, redemption and custody of the PTBs currently managed by SITEME will be managed by Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários (Interbolsa).
The transfer of PTBs from SITEME to Interbolsa will take place during the weekend of 1-2 December 2012. As from 3 December 2012, the function of CSD for PTBs will be supported by Interbolsa.
Impact in settlement instructions
As a consequence of this change of CSD, the Place of Settlement (PSET) to be specified on settlement instructions in PTBs for settlement date 3 December 2012 and later will be IBLSPTPP and no longer BGALPTPL.
Note: The PSET for settlement instructions in other Portuguese security types remains unchanged.
Further information
The Market Guide for Portugal will be updated in due course to reflect the change of CSD for PTBs.
For further information, customers may contact Clearstream Banking1 Customer Service or their Relationship Officer
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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