Nov 16, 2023
Eurex Clearing
Eurex Clearing Readiness Newsflash | CCP: Change of custody type for Finnish ISINs
Dear Client,
We would like to draw your attention to the custody type change of the Finnish ISINs traded on Xetra and Börse Frankfurt or acting as underlying ISIN for Eurex Options from NCSC to CSC.
Clearstream will activate the OneClearstream service for Euroclear Finland (EFi) and therefore make all Finnish securities eligible in Clearstream Banking AG (CBF) as of 27 November 2023. All Finnish ISINs will receive Collective Safe Custody (CSC) status. For equity trades, concluded before the conversion and with intended Settlement Date after the conversion, instructions at CBF-I accounts will be cancelled and will be newly instructed on the CBF account for settlement with custody type CSC.
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.
There is no change with regards to bond trades, as settlement via ICSDs will be kept in place as today.
For further details, please refer to OneClearstream rollout documentation (Market Link Guide - Finland), issued on 6 October 2023, and to C23018 and D23027, issued on 10 November 2023.
Should you have any questions or comments, please do not hesitate to contact us at: client.services@eurex.com.
Kind regards,
Your Client Services Team
Meet the new clearing admission service C7 CAS (Client Administration Service!
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
Target groups: | Middle + Backoffice, IT/System Administration |
Contact: | |
Web: | www.eurex.com/ec-en/ |
