Greece: Update on situation VI
Information from the market
Further to our market flash M15008, dated 8 July 2015, and based on confirmation from our Greek depository, Citibank Athens, the local market infrastructures will remain closed on Thursday 9 July 2015, Friday 10 July 2015 and Monday 13 July 2015.
Impact on customers
Customers are to note that three additional bank holidays have been announced in the market for Thursday 9 July 2015, Friday 10 July 2015 and Monday 13 July 2015. Market infrastructures will remain closed for the bank holidays with no change to the current business activities. Capital controls will also remain in place.
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 securitiesa |
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.
Further information
We will continue to monitor the situation.
For further information, customers may contact Clearstream Banking1 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.