Croatia: Direct link to SKDD

23.04.2024

Further to Announcement A23053, Clearstream Banking¹ informs clients that its link to Croatia will be upgraded to a direct participation in the Croatian CSD, Central Depository & Clearing Company Inc. (SKDD), effective

10 June 2024

This will enable future service enhancements.

Clearstream Banking continues to use Erste Group Bank AG, Austria, as the operator of this direct account.

Impact on clients

The settlement and asset servicing processes for clients will not change.

Assets will be transferred from Erste Group Bank AG account CS2013/020/9665749 to Clearstream Banking S.A. account 10290449.

Impact on domestic counterparties

Clients should inform their counterparties about the revised information to be indicated in their settlement instructions regarding CBL's direct account with SKDD as follows:

Procedure for the domestic counterparty	Deadline
Domestic counterparties delivering/receiving securities free of payment in favour of/from a CBL client must indicate in their instructions:	Market deadline
-	Receive from/Deliver to: Erste & Steiermärkische Bank d.d. Zagreb (Swift: ESBCHR22), in favour of account 10290449 CBL-S (Swift: CEDELULL).
-	In favour of: name and account number of CBL client.

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 the Creation platform), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.