Croatia: Direct link to SKDD – Update
Note: This Announcement, originally published on 23 April 2024, has been updated to include amended information for the procedure for the domestic counterparty. Changes have been highlighted.
Further to Announcement A23053, Clearstream Banking1 informs clients that its link to Croatia will be upgraded to a direct participation in the Croatian CSD, Central Depository & Clearing Company Inc. (SKDD), effective
10 June 2024
This will enable future service enhancements.
Clearstream Banking continues to use Erste Group Bank AG, Austria, as the operator of this direct account.
Impact on clients
The settlement and asset servicing processes for clients will not change.
Assets will be transferred from Erste Group Bank AG account CS2013/020/9665749 to Clearstream Banking S.A. account 10290449.
Impact on domestic counterparties
Clients should inform their counterparties about the revised information to be indicated in their settlement instructions regarding CBL’s direct account with SKDD as follows:
| Procedure for the domestic counterparty | Deadline | |
Domestic counterparties delivering/receiving securities free of payment in favour of/from a CBL client must indicate in their instructions: | Market deadline | |
- | For receipt and delivery transactions free of payment: Deliver to/Receive from: Clearstream Banking S.A. (BIC: CEDELULL) For/from: Clearstream Banking S.A. (BIC: CEDELULL) | |
- | In favour of: name and account number of CBL client. | |
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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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 clients using the Creation platform), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.