Clearstream operational update VII
Further to the T2S incident on 27 February 2025, Clearstream Banking informs clients that the reconciliation is expected to be completed soon.
Clients are reminded, that a small number of positions in Xact Web Portal might not match with the positions shown in CASCADE. The correction of these positions in Xact Web Portal is in progress.
Clearstream Banking advises that the deadline for appeals for penalties for the month February 2025 has been extended until 20 March 2025.
Clients should note that discussions at European level about whether penalty fees will be applied continue. Therefore, for the time being, we ask clients to refrain from raising appeals linked to this incident.
A decision from ESMA is expected by 17 March 2025.