Greece: Update on situation IX
Information from the market
Our Greek depository, Citibank Athens, have confirmed that the banks have reopened in Greece today, 20 July 2015, with restricted activities.
The stock exchange will remain closed today and is expected to be closed tomorrow.
Impact on customers
Customers are to note that the Greek stock exchange will remain closed today.
There is no change to the settlement activities for Clearstream Banking1 customers, as detailed below.
Settlement
The following transactions will be possible:
| Internal | against and free of payment for HCSD and BOGS eligible securities |
| Bridge | against and free of payment for BOGS-eligible securities |
| Domestic | free of payment for BOGS-eligible securities a |
a. Free of payment HCSD eligible securities are also forwarded to the domestic market, however processing in the market cannot be guaranteed.
Please note that Eurobonds issued by a Greek issuer are not impacted by the above restrictions.
Asset services
Income and corporate action proceeds may be delayed owing to the capital controls. We will inform customers if and when any proceeds are available.
Further information
We will continue to monitor the situation.
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.