Cyprus: Government debt securities eligible in CBF CASCADE and T2S
Clearstream Banking1 informs clients that effective
25 November 2024
Cypriot government debt securities are eligible for settlement in CBF and T2S in non-collective safe custody (NCSC-T).
CBF will access the Cypriot market via the Clearstream Banking S.A. (CBL) direct operated link to Cypriot Stock Exchange (CSE) via its Account Operator Citibank Europe Plc Greece Branch.
Direct settlement with domestic counterparties in CSE will not be possible for CBF clients.
Impact on clients
These ISINs made eligible in CBF will not automatically be migrated from CBF 6-series accounts or CBL accounts to CBF accounts. Clients may migrate their portfolio of securities if needed.
GSF collateral management services
These securities will not be made available for GSF collateral management services on CBF CASCADE accounts and should therefore remain available on CBF 6-series accounts or CBL accounts.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
The Market Link Guide - Cyprus will be updated on the effective date and a Realignment Guide will be published to explain how to transfer from CBF to CBL and vice versa.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.