The DSTA keeps accounts with three (International) Central Securities Depositories (ICSDs): Euroclear Netherlands, Euroclear Bank and Clearstream Bank. Primary market issuances and Secundary market transactions can be settled with Euroclear Bank and Clearstream Bank. Citibank is the Issuing and Paying Agent (IPA) for the settlement of ECP in euro and foreign currencies and for the settlement of USCP.

DSL issuance via TAP auction

Settlement takes place on DSTA account 25003 at Euroclear Bank or via the bridge with Clearstream Bank.

DSL issuance via DDA auction

Settlement takes place on DSTA account 25003 at Euroclear Bank or on DSTA account 82929 at Clearstream Bank.

DTC issuance

Settlement takes place on DSTA account 25003 at Euroclear Bank or on DSTA account 82929 at Clearstream Bank.

Sell Buy Back and Buy Sell Back

Settlement takes place on DSTA account 97449 at Euroclear Bank or on DSTA account 82913 at Clearstream Bank.

T+2 as standard settlement period for DSLs

On 15 April 2014, the European Parliament adopted the regulation on Securities Settlement and Central Securities Depositories (CSDR). The text of this regulation includes, inter alia, the harmonisation of the settlement period for transferable securities executed on trading venues across Europe at two business days after the trading took place (T+2). A majority of trading venues confirmed that they will implement the T+2 settlement cycle as of 6 October 2014.

In line with the CSDR and the decision of the trading venues, the Netherlands decided to further harmonise the standard settlement period for OTC transactions on DSLs in primary issuances and secondary markets in line with the T+2 settlement cycle. This measure will become effective as of 6 October 2014. This enhanced harmonisation across all primary and secondary markets will reduce operational inefficiencies and risks for cross-border transactions.

STRIPS

All Dutch bonds can be transformed into Seperate Trading of Registered Interest and Principal Securities (STRIPS) and vice versa. Primary dealers have the exclusive right to ask for a transformation from bonds into STRIPS or from STRIPS into bonds at Euroclear Nederland. How these instructions are made can be found in the Newsletter from Euroclear.

Collateral

Securities delivered as collateral have to be transferred to account 97449 with Euroclear Bank or account 82913 with Clearstream Bank.

Payments in Euro

Directly to BIC-Code DSTANL2A, Dutch State Treasury Agency, The Hague.

Payments in USD

CITIUS33, Citibank N.A., New York
Beneficiary account no. 36892012, Dutch State Treasury Agency, The Hague

Payments in GBP

CITIGB2L, Citibank N.A., London
Beneficiary account no. 11851403, Dutch State Treasury Agency, The Hague
Payments in GBP must be credited before 03.00 p.m. (London Time)

Payments in CHF

CITIGB2L, Citibank N.A., London
Beneficiary account no. 12064022, Dutch State Treasury Agency, The Hague
Payments in CHF must be credited before 12.00 a.m. (London Time)

Payments in NOK

CITIGB2L, Citibank N.A., London
Beneficiary account no. 12880466, Dutch State Treasury Agency, The Hague
Payments in NOK must be credited before 11.00 a.m. (London Time)

Confirmations

Swift: DSTANL2A

E-mail: dsta.confirmations@minfin.nl

Fax: +31 70 342 7915  

Legal Entity Identifier (LEI)

LEI: 254900G14ALGVKORFN62

Legal entity: The State of the Netherlands, acting through the Dutch State Treasury Agency

Contacts

E-mail: bbs@minfin.nl

Phone: +31 (0)70 342 8181