Iceland: Acceptance of ISK for FX service
Effective
immediately
Clearstream Banking1 has enhanced the foreign exchange service by adding the Icelandic Króna (ISK) to the list of currencies eligible for the case-by-case FX service.
The case-by-case FX service allows customers to arrange, for a specific event, the conversion of cash Balances or income proceeds into a currency of their choice and is available for FX between two currencies eligible for this service.
Impact on customers
Customers wanting to convert ISK using the case-by-case FX service must send either a SWIFT MT299 message or a free format message (for the attention of Forex).
Customers must include the currency and amount to convert, and indicate both the buy and the sell currencies.
Further information
A complete description of the service is available in Section 5.5 of the Customer Handbook.
For further information, customers 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 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.