Luxembourg: Bridge with Euroclear Bank to be re-opened for VP Lux-issued securities
Effective
Monday 26 October 2015
Clearstream Banking1 customers can settle against and free of payment transactions in VP Lux-issued securities with counterparties in Euroclear Bank SA/NV (EB) via the Bridge.
Impact on customers
Pending external instructions
Customers wishing to change the settlement type of their instruction from external to Bridge, are requested to:
- Agree on the change of settlement type with their counterparty;
- Cancel their external settlement instruction (matched instructions require bilateral cancellation);
- Send a new Bridge settlement instruction.
Further information
For more details on Bridge settlement, including the relevant input deadlines, please refer to the Settlement Timings Matrix.
For further information, customers may contact 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.