Changes related to Clearstream Banking Release May 2015 - Revision

19.05.2015

Note: This announcement originally published on 1 December 2014, has been updated to reflect the change of implementation date, the addition of a reason code in the narrative of the MT537 and MT548 and new and updated Status and Reason codes.
The May Release has now been merged with the June Release due to be implemented on 15 June 2015. If you have already set up your systems for implementation on 11 May 2015 there is no need to roll back as the Common Trade Reference will be accepted by our systems but not processed as an optional matching criteria until the June Release.

On

Monday 15 June 2015

as part of Clearstream Banking's1 ongoing commitment to the timeliness and quality of our services to customers, Clearstream Banking will implement quality enhancements to our existing services. The services impacted and a summary of the enhancements can be found below.

Clearing and Settlement Instructions

MT540, MT541, MT542 and MT543

Subsequence A1, field :20C::COMM Common Trade Reference.

The Common Trade Reference will be included as optional matching criteria for Clearstream Banking internal settlement instructions. This optional matching field must match when provided by both counterparties. Customers can use this optional matching criteria to avoid cross-matching. Clearstream Banking will adapt its best matching algorithm to take into account the additional matching criteria and report any mismatch accordingly. In the case of optional matching fields, a mismatch will only be reported if present on both allegements and customer instructions.

In Sequence E, field :22F::SETR, a new qualifier CNCB (Central Bank Collateral Operation) will be available for the Spanish market to identify a pledge instruction.

Clearing and Settlement Reports

MT544, MT545, MT546 and MT547

In Sequence E, field :22F::SETR, the new qualifier CNCB (Central Bank Collateral Operation) will be reported if present in the original clearing and settlement instruction.

MT548

:70D: Reason narrative
Could contain /COMM/ in the first line if the Common Reference is the unmatched field on the counterparty's instruction.

Securities statements

MT537

:70D: Reason narrative
Could contain /COMM/ in the first line if the Common Reference is the unmatched field on the counterparty's instruction.

New and updated Status and Reason codes

Improved status reporting will be implemented in this Release:

  • :24B: NMAT/CPCA Counterparty cancelled instruction
    will be available for Internal and Bridge transactions in the MT537, MT548 and MT94x.
  • :24B: NMAT/IIND Disagreement common reference
    will be available for Internal transactions in the MT537, MT548 and MT94x following the addition of Common Reference as a matching criteria.
  • :25D: TPRC/MOPN Modification Pending and
    :25D: TPRC/MODC Modification Completed

    will be available in the MT548 for transactions on Italian market.
    This will indicate if a transaction has a modification pending or if the modification has been completed.

Further information

The June 2015 Pre-Issue edition of the Creation via SWIFT User Guide is available on the Clearstream Banking website.

For further information about our products and services contact Clearstream Banking Client Services or your Relationship Officer.

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1. Clearstream Banking refers collectively to 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, and 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.