Account change in cross-border settlement of NGNs with counterparties in CASCADE
Effective from settlement date Monday 12 May 2014 Clearstream Banking AG will migrate its international securities New Global Notes (NGNs) with Clearstream Banking S.A. as depository from CASCADE account 7535 to 4496 and will introduce delivery against payment (DvP) settlement in EUR via its link from CBF to CBL.
As a result of the migration in CASCADE, the NGNs will be transferred from the CBF Creation account 11236 to account 18757. Therefore, from 12 May 2014, transfers between CBL and CBF counterparties must be issued against CBF account number 18757 at CBL.
For full information please refer to our Announcement A14051 of 11 April 2014.
