U.S.A.: Eligibility criteria tightened for U.S. securities
Clearstream Banking1 has recently tightened its eligibility criteria for the admission of U.S. equities.
As a consequence, the acceptance in CBL of the following categories of instrument may in particular be impacted:
- Equities in physical form that are not DTC-eligible;
- Equities in physical form that are DTC-eligible but that are subject to a chill and temporarily cannot be dematerialised at receipt;
- Securities referred to as "restricted securities".
Customers are reminded that no physical certificate should be sent for credit to CBL’s account at Citibank if the security is not eligible in CBL.
Customers that want to deliver physical certificates for credit to their CBL account should therefore ensure, before sending the corresponding certificates to Citibank, that the concerned ISIN is accepted in CBL.
Customers are also reminded that no service is offered on the U.S. market (including Securities Payment Orders - SPOs) in relation to securities that are not specifically accepted at CBL’s U.S. depository.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking S.A., 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).