Greece: Capital controls abolished
Clearstream Banking1 informs customers, after being notified by its Greek depository, that the Greek Government Gazette has published that effective
1 September 2019
all capital restrictions that are in place since July 2015 are abolished.
Impact on customers
The following restrictions are no longer applicable to Clearstream Banking’s links to BOGS and ATHEXCSD:
- In BOGS, free of payment deliveries from Greek participants to foreign participants (for example CBF) are no longer restricted and there is no need to prove that DVP transactions to foreign participants are related to an onward delivery that has already been concluded.
- In ATHEXCSD, dual-listed shares can be transferred abroad without restrictions.
For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
1. Clearstream Banking refers collectively to 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, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.