Clearstream Banking handling of currently eligible cannabis related securities
Clearstream Banking1 informs customers that effective
close of business on 28 September 2018
it will no longer be possible, for legal reasons, to settle and safekeep securities in Clearstream Banking where the main business is connected directly or indirectly to cannabis and other narcotics products.
Clearstream Banking has identified a number of securities that would meet this criteria (attached below).
This list of impacted securities is not exhaustive. If Clearstream Banking identifies other securities meeting the criteria it will inform customers accordingly with the respective date of termination of services.
Identified securities
Clearstream Banking will only offer processing of receipt free of payment and against payment instructions from the local market until close of business on settlement date 29 June 2018. The Bridge will be closed from this date.
Clearstream Banking will continue to offer the following services until close of business on settlement date 28 September 2018 for OTC and stock exchange transactions:
- Processing of free of payment and against payment internal instructions (within Clearstream Banking);
- Processing of free of payment and against payment delivery instructions towards the local market.
Customers are therefore asked to use the transition period to move their positions in the respective securities out of Clearstream Banking before the 28 September 2018 deadline.
Further information
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.