Austria: Update on Shareholder Identification Disclosure Request
Clearstream Banking1 would like to inform customers about specificities regarding Shareholder Identification Disclosure Requests received from the Austrian Market.
Background
In order to exchange ISO 20022 messages, Clearstream Banking uses the SWIFTNet FINplus service as recommended by ECSDA. OeKB, the Issuer CSD for the Austrian market, has implemented a connectivity service based on SWIFT InterAct, via a Closed User Group (CUG).
Impact on customers
Shareholder Identifications (SI) requests for AT-ISINs from OeKB can hence,only be received via e-mail and forwarded to customers via manual creation of MT564 DSCL MAND messages. As there is no ISO 20022 format available, these requests will not be displayed in the SI module in Xact Web Portal.
Further information
The aim of the Shareholder Directive - SRD II is, amongst others, to achieve harmonisation across the EEA countries on shareholders identification. In this regard, ECSDA will contact OeKB to discuss a migration to SWIFTNet FINplus service.
Clearstream Banking is looking into alternative solutions to offer these such messages in ISO 20022 format. We will contact you as soon as more information will be available on this matter.
---------------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.