Power of Attorney service: New Luxembourg Stock Exchange post-trade model
Clearstream Banking1 informs customers that effective
immediately
trades executed on the Luxembourg Stock Exchange (LuxSE) will become eligible for settlement in Clearstream Banking.
As Clearstream Banking will extend its Power of Attorney (PoA) service to this trading venue, the PoA will authorise the LuxSE to send settlement instructions on a customer’s Clearstream Banking account allowing them therefore to settle their internal or Bridge transactions with Clearstream Banking.
Further information
Customers who would like to benefit from settlement in Clearstream Banking of their transactions executed on this post-trade model from LuxSE are invited to contact the LuxSE and their Relationship Officer at Clearstream Banking to receive a copy of the Clearstream Banking Power of Attorney and prepare the respective onboarding.
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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.