Xact via SWIFT: Transaction management reporting enhancements

05.07.2021

Clearstream Banking1 informs customers about reporting enhancements related to market/reverse claims and transformations effective

12 July 2021

Reporting enhancements for Xact via SWIFT messages

For MT544-MT547 “Settlement Confirmation” and MT548 “Settlement Status and Processing Advice” related to corporate actions, the :70E::SPRO narrative will be as follows:

corporate actions, the :70E::SPRO narrative will be as follows:

Note: For better visibility in the example, underscore (“_”) is used as placeholder for space (“ “).

For taxable Italian event and exempted account only, the first line (turquoise coloured) will contain “/TAX/” followed by the TIN taken from the underlying instruction. In this case, all the other lines are shifted by one line.

Customers should note that the quantity (green coloured) will only be provided for income events.

Further information

The Xact via SWIFT user guide will be updated in due course.

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

The relevant contact details are available on the website under Contacts & Client Services.

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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.