Settlement

Settlement and payments in euro

The DSTA keeps accounts with three (International) Central securities Depositories (ICSDs): Euroclear Netherlands, Euroclear Bank and Clearstream Bank. Securities for Dutch State Loans (DSLs), Dutch Treasury Certificates (DTCs) and Commercial Paper (CP) in euro are created with Euroclear Netherlands. After deliverance to Euroclear Bank primary settlement takes place on account 25003 or through the bridge with Clearstream Bank. Settlement on the secondary market trades are executed on account 97449 with Euroclear bank or account 82913 with Clearstream Bank. Target2 is used for direct payments in euro with DSTANL2A as a Bank Identifier Code.

Settlement and payments in other currencies

The instruments issued in other currencies than Euro (ECP), Citibank acts as an Issuing and Paying Agent(IPA). For payments in USD, GBP and CHF accounts with Citibank are held in New York and in London.

STRIPS

From 1999 onward, all new Dutch bonds including the 15 January 2023 and 15 January 2028 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. The request for transformation can be made by the transfer of the bonds or the set of STRIPS to a secondary market account with the three ICSD’s. One business day thereafter the STRIPS or the bonds will be transferred to the sender. 

Collateral

Securities delivered as collateral has to be transferred to account 97449 with Euroclear Bank.

         

Settlement securities	Euroclear Netherlands	Euroclear Bank	Clearstream Bank
Primary Market (DSL, DTC and ECP in EUR)	29555 097	25003	82929
Secondary Market	29555 000	97449	82913
Collateral		97449

 

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)

Confirmations
By FAX: +31 70 342 7915
BY Swift: DSTANL2A

Contacts
Arie Huijbrechts tel. +31 70 342 8067; email bbs@minfin.nl
Wilfred Tjokrodikromo tel. +31 70 342 8957; email bbs@minfin.nl

Patrick Walcott tel +31 70 342 7499; email bbs@minfin.nl