Icsd Agreements

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issueragreements@clearstream.com and issueragreements@euroclear.com The management companies with which CC&G currently has agreements for the provision of ICSD bonds are as follows: in the event of a participant`s default, market integrity is ensured by a multi-tier financial security system An issuer-ICSD agreement must be signed by the issuer prior to the adoption of securities in the form of NGN or NSS with Euroclear Bank and Clearstream Banking (Luxembourg). Issuers must send a signed copy of the agreement to Euroclear Bank and Clearstream Banking (Luxembourg). The contract will only become effective and binding on the IICS after they have been received. From July 2010, a new holding structure was set up for international bonds issued in global form through the two ICSDs Euroclear Bank and Clearstream Banking (Luxembourg). Since 1 October 2010, this new structure (the new custody structure or NSS) is necessary (although not sufficient) for newly issued international bonds to be recognised as credible collateral for the Eurosystem`s monetary policy and for intraday credit operations. An agreement is required once for each program and separately for each stand-alone edition represented by an NGN or NSS. In December 2009, ICSD published the first versions of: The process of delivering NGN certificates is explained in the NGN New Issues Guide (pdf-1.9MB).” CBL: +44 (0) 207 862 7005 and Euroclear Bank: +32 (0) 2 224 1421. The authorization of validity and disposal must be signed by the issuers when the NGN or NSS is transmitted electronically to the common depositary, so that the joint depositary can sign the NGN or NSS to make it a validly issued guarantee. Agents who have appointed us as “Common Safekeeper” (CSK) can provide NGN certificates: a issuer-ICSD agreement must be concluded before NGNs can be accepted by ICSDs (see templates below). This document should be uploaded and signed by the issuer or issuing agent.

Icsd is chosen as a Common Safekeeper (CSK) for titles in the form of a New Global Note (NGN) or in registered classical global note (CGN), which: Please note that when sending an electronic version to the CSK, the original document must be sent immediately thereafter to the above address. As you can call us CSK, the document “Allocation of Common Depositary, Common Service Provider and Common Safekeeper mandates” is indicated on the right. Agents can use the Common Safekeeper voting form to name us CSK. A signed copy should be sent to each ICSD by email to the relevant Clearstream New Issues team so that the issuer is newissueslondon@clearstream.com, or newissuesluxemboug@clearstream.com and newissues.programs@euroclear.com net billing balances are established by CC&G and sent to ICSDs on ISD-1 The legal notice applies only to NGNs and contains information on IICSD requirements and indicates legal experts, for which copies of legal advice have already been received. A signed printed copy should be sent to each of the ICSDs at the addresses indicated in the contract. The Legal Pack describes the additional wording required for the documentation of the offer and agency services. For matters for which Clearstream Banking Luxembourg has been appointed CSK, the execution mandate should be sent electronically (PDF format) via: Legal opinions are only required once per jurisdiction. The list of jurisdictions already covered by a legal opinion is available here (pdf-205KB). You can find these documents or all subsequent versions and other NSS information on the Euroclear and Clearstream NSS websites: www.euroclear.com/site/public/EB/nss and www.clearstream.com/ci/dispatch/en/kir/ci_nav/1_settlement/030_new_issues/015_nss. . . .