Pre-Advice for entitlement and market claims: Changes to the reporting of the processing status
Clearstream Banking1 informs clients that effective
5 February 2024
the processing status of the Income Pre-Advice Report (IPAR) will be aligned with the processing status of the latest Corporate Action Notification for an event.
Impact on clients
The MT564 Income Pre-Advice Report (IPAR) provides information about corporate action proceeds (cash and securities) expected for a Clearstream client account. This information is a forecast and subject to Clearstream Banking’s conditions as specified in the Clearstream Banking Client Handbook in the section “Entitlement forecast”.
The processing status will be enhanced to:
- Support all possible values as per SMPG guidelines:
- COMP – Complete Confirmed
- PREC – Preliminary Confirmed
- PREU – Preliminary Unconfirmed
- COMU – Complete Unconfirmed
- Align with the processing status of the latest Corporate Action Notification message of the same event.
The impacted message via Swift and Xact Web Portal are:
MT564 IPAR
:23G:REPE used in connection with :22F::ADDB//CAPA
Any processes on the client side that use the value of the processing status of the IPAR should be reviewed and updated if relevant.
Further information
The Xact via Swift User Guide will be updated accordingly.
For further information, please contact the Clearstream Banking Client Services or your Relationship Officer.
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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.