France: French Financial Transaction Tax (FTT) rate increase
Clearstream Banking1 informs clients that, following the publication of Finance Law for 2025 in the Official Journal on 15 February 2025 through Law N°2025-127 dated 14 February 2025, the FTT rate will increase from 0.3% to 0.4% (art.98), effective
1 April 2025
the new 0.4% FTT rate will be applied by Clearstream Banking on the acquisitions of impacted securities.
Impact on clients
Clearstream Banking will follow the practice of the French market players who are of the opinion that the settlement date of the transaction should be taken into account for the application of this new rate, i.e. the new rate will apply to transactions settled as of 1 April 2025.
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, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.