06/05/2023 | Press release | Distributed by Public on 06/05/2023 01:58
Clearstream Banking1 informs clients that the National Securities Commission (CNV) published Resolution 962/2023 on 23 May 2023 establishing that in order to book securities transactions versus foreign currency (USD) or transfer securities to and from ICSDs, the investor will need to provide an additional sworn statement to the local broker.
Effective
immediately
clients should note that local brokers will request an additional sworn statement before being able to book securities transactions versus foreign currency or transfer securities to and from ICSDs, stating that:
Note: Local brokers and custodians are responsible for holding the securities during the parking period.
External against payment transactions in ARS remain suspended until further clarification from regulators.
Alternatively, Clearstream Banking clients can settle external transactions on a free of payment basis.
Internal and Bridge transactions are open for settlement in ARS.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
-----------------------------------------
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 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.