Cross-border Custody Service Destination Account Number for Funds in IBAN Format

Dear Depositors,

As informed in our October 24, 2024, newsletter, starting December 2025, all funds sent to Euroclear through MT103/MX Pacs008 – MT202/MX Pacs009 must contain the destination account number in IBAN format. Not including the account number in the required format will result in a 100 EUR charge for each incorrectly instructed transfer. Therefore, we request that you inform your commercial banks and make any necessary arrangements.

Euroclear indicated that the IBAN must be provided according to the MT or MX message, regardless of the Euroclear correspondent bank used to send the funds. The following chart provides detailed information:

Please remember that in the case of Euroclear, the IBAN code contains 16 characters and it is unique per currency; as an example, if sending funds to account number 13706 (DCV omnibus account), the IBAN is the following:

For those depositors using segregated accounts, please contact the Help Desk, MAC, to confirm the IBAN code, providing the following information:

• 5-digit account number
• Currency for the IBAN code