Clearstream Banking1 informs clients that, on 5 February 2024, the National Securities Commission (CNV) published Resolution 990/2024 effective
immediately
The CNV Resolution, which is attached below, amends the obligation to notify and sets new daily limits for certain transactions.
The amendments impact the parking periods and rules (sworn statements) in the local market and apply to the local brokers with regard to booking securities transactions versus foreign currency or transferring securities to and from international central securities depositories (ICSDs). Clients should contact their local brokers for additional details regarding the requirements in the local market.
Please note that local brokers and custodians are responsible for holding the securities during the parking period. Please refer to the Resolution for full report.
Impact on clients
External against payment transactions in ARS remain suspended until further clarification from regulators.
In the meantime, Clearstream Banking clients can settle external transactions on a free of payment basis.
Internal and Bridge transactions are open for settlement in ARS.
Further information
For further information, clients 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 clients using Creation accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
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