CSDR Cash Penalties: Changes in field Cash Account of the Monthly MT537 PENA report
LuxCSD1 informs clients that effective
15 June 2026
for clients using a Penalty Dedicated Account (PDA) and a Single Cash Account (SCA), the account reported in the monthly MT537 PENA subsequence D1 (CASH) field :97a: account: Cash Account will consider the Penalty Dedicated Account (PDA) and any associated Single Cash Account (SCA) relation.
Current situation
If the client uses a PDA, then field :97a: account: Cash Account in subsequence D1 (CASH) will display the account number of that PDA.
Otherwise, field :97a: account will display the account number of the client.
Future situation
- If neither a PDA nor any SCA are used, the client account will be reported in field :97a: account.
- If a client PDA is used with an SCA linked to it, the linked SCA will be reported.
- If a client PDA is used with no SCA linked to it, the PDA will be reported. The same applies when an SCA exists at client account level, that is, a SCA linked to the client account will not override the PDA.
- If no client PDA is used but an SCA is linked to the client account, the SCA will be reported.
Important Note:
This reporting change does not alter the actual monthly penalties payment process via Payment Free of Delivery (PFoD) settlement instructions:
- If a client PDA is used, PFoDs are generated against this PDA;
- If no PDA is used, PFoDs are generated against the client securities account.
Further information
For further information, please contact the LuxCSD Connectivity Helpdesk or your Relationship Officer.
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1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.