Uruguay: Removal of cash reserves requirements
Effective
1 May 2015
the Central Bank of Uruguay will remove the requirement for mandatory cash reserves for non-resident investors that were previously required for treasury bills denominated in Uruguayan Pesos (UYU) or Uruguayan Index Units.
Impact on customers
Clearstream Banking1 may accept new securities, provided they meet our eligibility criteria, or additional balances that are no longer subject to cash reserves.
Further information
The Creation Link Guide (Uruguay) will be updated in due course.
For further information, customers may contact Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and 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.