Romania: EUR-denominated bonds to be made eligible

30.10.2024

Clearstream Banking1 informs clients that, effective 

18 November 2024

and as part of its ongoing commitment to enhance its products and services in the Romanian market, clients can settle and safekeep EUR-denominated government and corporate bonds that are eligible for settlement at Depozitarul Central S.A. (CSD). BRD Group Société Générale will continue to act as Clearstream Banking’s local depository for these securities.

This latest enhancement aims to complement Clearstream Banking’s existing scope of eligible securities in the Romanian capital market

Impact on clients

Settlement times in Central European Time (CET)

EUR-denominated bond settlement times are as follows:

Instruction

Provisioning

Deadline for receipt of valid instruction

Expected settlement results

start

end

From

to

value

AP=Against payment FOP=Free of payment SD=Settlement date

EUR-denominated bonds

Receipts

FOP

21:30 SD -1

14:55 SD

14:55 SD

09:00 SD

16:00 SD

SD

AP

07:00 SD-1

16:55 SD-1

16:55 SD-1

11:00 SD

15:00 SD

SD

Deliveries

FOPa

21:30 SD-1

14:55 SD

14:55 SD

09:00 SD

16:00 SD

SD

AP

21:30 SD-2

16:55 SD-1

16:55 SD-1

11:00 SD

15:00 SD

SD

Income on EUR denominated corporate bonds is taxable.

Further information

The Market Link Guide – Romania, the Settlement Timings Matrix and the Market Taxation Guide – Romania will be updated accordingly.

For further information, clients may contact Clearstream Banking Client Services.

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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.