New Global Note Templates

The New Global Note templates should be used by issuers or their agents when issuing securities in NGN form. Separate templates are provided for stand-alone securities and securities under this programme.

Issuer-ICSDs Agreement: the Issuer-ICSDs Agreement must be signed by issuers prior to the acceptance of securities in NGN form with Euroclear Bank and Clearstream Banking (Luxembourg).

Effectuation and Disposal Authorisation: the Effectuation and Disposal Authorisation must be signed by issuers when the NGN is delivered electronically to the Common Safekeeper, in order to allow the Common Safekeeper to sign the NGN to make it a validly issued security.

Effectuation Instruction: the Effectuation Instruction must be completed and sent directly to the CSK for NGNs that are delivered to the CSK via the secured electronic communication channel. This instruction, to be sent by the issuer agent, is mandatory to enable effectuation. A separate instruction is required for each programme drawdown and for each stand-alone security. However, for stand-alone issues where the NGN and the effectuation authorisation are delivered on the same day, this effectuation instruction is not required.

Legal opinion: this document provides information about the ICSDs' requirements and indicates those jurisdictions for which copies of legal opinions have already been received.