Creation via SWIFT and CreationOnline: Reporting enhancements
Clearstream Banking1 advises customers that effective
6 May 2013
we will improve the timeliness of our reporting via CreationOnline and SWIFT MT548 when a cancellation request is rejected because the original instruction cannot be found or is already settled or cancelled.
Detailed information
Currently, rejected cancellation requests are reported after daytime processing. From 6 May 2013, a cancellation request for a settlement transaction that cannot be applied because the original instruction has already settled, been cancelled or cannot be found in Clearstream Banking's settlement system, will be rejected upon receipt and reported with the following status
SWIFT MT548
:16R:STAT
:25D::CPRC//REJT
:16R:REAS
:24B::REJT//NRGN
:70D::REAS//No pending instruction found
:16S:REAS
:16S:STAT
Click on the links below to view the screenshots:
CreationOnline list view from Securities > Post Release
CreationOnline detail view from Securities > Post Release
Customer benefits
Improved management of pending trades through timely reporting via Creation via SWIFT and CreationOnline.
Further information
For further information, please contact Clearstream Banking Customer Service or your Relationship Officer.
For more general information regarding Clearstream Banking products and services, please visit the Clearstream Banking website.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, 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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