Further to Announcement D23031, Clearstream Banking1 informs clients that effective
November 2024
the activation of the new direct link to Klirinško depotna družba d.d. (KDD, the Slovenian domestic CSD) will take place. This will result in the eligibility of all Slovenian securities for settlement in TARGET2-Securities (T2S).
The exact date of the service activation will be confirmed in due course.
Scope of securities eligible for the OneClearstream service
From the effective date of the OneClearstream service offered by Clearstream Banking AG (CBF), securities eligible for settlement in CBF-T2S with the non-collective safe custody via T2S (NCSC-T) status include but are not limited to:
Government bonds;
Corporate bonds;
Listed equities;
Ordinary shares;
Warrants.
All securities will be eligible for settlement via T2S upon activation of the link. However, CBF will only create ISINs for the securities for which CBF has a position.
The list of the created ISINs is planned to be available on the Clearstream website six weeks before the migration date.
Impact on clients
Information about specific client migration impact, for example, on clients’ CBF 6-series accounts or Clearstream Banking S.A. (CBL) accounts, as well as tax-related information will be made available in due time via follow-up announcements.
Note: Should there be any changes to or additional information on the planned OneClearstream service activation, Clearstream Banking will inform clients accordingly.
Client benefits
Highest protection of assets with direct holding at CSD;
Clearstream Banking AG (CBF) as a single point of access to all KDD-eligible Slovenian securities in T2S;
All European Central Bank (ECB)-eligible Slovenian debt instruments available in CBF for the Eurosystem Collateral Management System (ECMS);
Pooling of assets in T2S with increased operational efficiency (one single access to all EUR markets) and further centralised collateral management opportunities;
Delivery-versus-payment (DvP) settlement with domestic counterparty in central bank money.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.
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