Clearstream Banking SA
Clearstream Banking SA
06/09/2021 | Press release | Distributed by Public on 06/09/2021 03:04
Saudi Arabia: Announcement of new link
Saudi Arabia: Announcement of new link
09.06.2021
Clearstream Banking1 informs customers that effective
14 June 2021
we will be expanding our domestic market coverage by launching our 58th link to Saudi Arabia.
Clearstream Banking will have its own foreign nominee omnibus account opened with the local Saudi CSD, Securities Depository Center (EDAA). The link will be indirect via The Hongkong and Shanghai Banking Corporation Limited (Saudi Arabia), acting as our custodian.
Custodian details
The Hongkong and Shanghai Banking Corporation Limited (Saudi Arabia)
HSBC Building, 2nd Floor,
7267 Olaya Al-Murooj,
Riyadh 12283-2255
Kingdom of Saudi Arabia
Depository Code: 22
SWIFT address: SABBSARI
Securities account number with HSBC: 086-014131-124
Clearstream National Investor Number (NIN): 7003896
Clearstream NIN Name: Clearstream Banking S.A.
Clearstream Investor Access Trading Portfolio (IATP) number: 6300027239
Clearstream Banking - Eligible security types
- Listed government bonds and Sukuks;
- Listed corporate bonds (non-convertible);
- Exchange Traded Funds (ETFs).
Only legal and natural persons, who are non-Saudi and non-residents of Saudi Arabia and are a customer or an underlying client of a customer of CBL can access the Saudi link and hold Saudi Arabian securities via CBL.
Customers who are already registered under the Qualified Foreign Investor (QFI) program and are holding eligible Saudi Arabian securities will be able to transfer their holdings across to their account at Clearstream and vice versa via FOP NCBO transfers.
Settlement services
Bridge transactions are not possible.
Internal settlement for Saudi Arabian securities is allowed in Clearstream subject to the following conditions:
- Customers must include the deal price (clean price) in each internal instruction (field 90a::DEAL). Failure to include the deal price in the Customer's settlement instruction may result in Clearstream's rejection of the instruction. Internal free of payment and against payment settlement is accepted in all eligible settlement currencies.
Settlement deadlines
Settlement times in Central European Time (CET)
28 March 2021 - 30 October 2021
|
Instruction |
Provisioning |
Deadline for receipt of valid instruction |
Expected settlement results |
||||
|
start |
end |
from |
to |
Value |
|||
|
AP=Against payment FOP=Free of payment SD=Settlement date rtp=Real-time processing |
|||||||
|
All eligible instrument types |
|||||||
|
Receipts |
FOP |
16:00 |
17:00 |
17:00 |
14:00 SD |
18:00 SD |
|
|
AP |
16:00 |
17:00 |
17:00 |
14:00 SD |
18:00 SD |
SD |
|
|
Deliveries |
FOPa |
16:00 |
17:00 |
17:00 |
14:00 SD |
18:00 SD |
|
|
AP |
16:00 |
17:00 |
17:00 |
14:00 SD |
18:00 SD |
SD |
31 October 2021 - 26 March 2022
|
Instruction |
Provisioning |
Deadline for receipt of valid instruction |
Expected settlement results |
||||
|
start |
end |
from |
to |
Value |
|||
|
AP=Against payment FOP=Free of payment SD=Settlement date rtp=Real-time processing |
|||||||
|
All eligible instrument types |
|||||||
|
Receipts |
FOP |
15:00 |
16:00 |
16:00 |
13:00 SD |
17:00 SD |
|
|
AP |
15:00 |
16:00 |
16:00 |
13:00 SD |
17:00 SD |
SD |
|
|
Deliveries |
FOPa |
15:00 |
16:00 |
16:00 |
13:00 SD |
17:00 SD |
|
|
AP |
15:00 |
16:00 |
16:00 |
13:00 SD |
17:00 SD |
SD |
a. Free of payment transactions with change of beneficial owner are not permitted.
Settlement times in Arabic Standard Time (AST)
All year
|
Instruction |
Provisioning |
Deadline for receipt of valid instruction |
Expected settlement results |
||||
|
start |
end |
from |
to |
Value |
|||
|
AP=Against payment FOP=Free of payment SD=Settlement date |
|||||||
|
All eligible instrument types |
|||||||
|
Receipts |
FOP |
17:00 |
18:00 |
18:00 |
15:00 SD |
19:00 SD |
|
|
AP |
17:00 |
18:00 |
18:00 |
15:00 SD |
19:00 SD |
SD |
|
|
Deliveries |
FOPa |
17:00 |
18:00 |
18:00 |
15:00 SD |
19:00 SD |
|
|
AP |
17:00 |
18:00 |
18:00 |
15:00 SD |
19:00 SD |
SD |
a. Free of payment transactions with change of beneficial owner are not permitted.
Further information
The Market Link Guide - Saudi Arabia will be available on our website on the effective date.
For further information, customers 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 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.