Clearstream Banking Release June 2014 - II
On
Monday 16 June 2014
Clearstream Banking1 will implement the following enhancements along with those published in our Announcement L14063, dated 3 June 2014.
To improve upon the notification of status and reason provided to customers when the requested settlement date is before closing date, we will introduce the new reason “RSD is before the closing date” for the following SWIFT message types:
- MT548 Settlement Status and Processing Advice:
:23G:INST
:25D::IPRC//PACK
:24B::PACK//NARR
:70D::REAS//RSD is before closing date
- MT537 Statement of Pending Transactions:
:25D::IPRC//PACK
:24B::PACK//NARR
:70D::REAS//RSD is before closing date
This new status-reason combination is designed to enable customers to decide whether to keep their current settlement instruction or, if they want to benefit from the backvalue applied in the frame of newly issued securities subject to backvalue, to cancel it and re-instruct.
In CreationOnline, the status and reason will appear in the Securities Post Release list.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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