Jul 08, 2022
Eurex Clearing
Eurex Clearing Readiness Newsflash | CCP: Change of custody type for Danish ISINs
Dear Clearing Member,
We would like to draw your attention to the custody type change of the Danish ISINs traded on Xetra and Börse Frankfurt from NCSC to CSC.
As Clearstream Banking S.A. (CBL) has appointed Clearstream Banking AG (CBF) as its single gateway to the T2S settlement platform, VP/Euronext Securities Copenhagen T2S-eligible securities will migrate to CBF as of 11 July 2022.
Please note that settlement instructions pending in Creation on the date of conversion after settlement cut-off will be cancelled by Eurex Clearing and will be re-instructed for settlement at CBF.
Equity trades concluded after the conversion will be instructed for settlement in CBF with custody type CSC. There is no change with regards to bond trades, as settlement via ICSDs as today will be kept in place.
For further details please refer to OneClearstream rollout documentation (Denmark), and to D22009, issued on 4 May 2022.
If you have questions or require further information, please contact us via e-mail: client.services@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ |
