Australia: Change in domestic counterparty standing instruction details
Effective
19 May 2014
customers of Clearstream Banking1 settling against a domestic (Australian) counterparty are requested to ensure that their counterparty uses the new settlement details described below.
Note: This is a mandatory change due to a system migration at our depository, J.P. Morgan Nominees Australia Limited.
To ensure successful settlement, it is important that the correct Austraclear mnemonic, CHESS PID and BIC code are quoted in the corresponding counterparty instructions, as follows:
| Procedure for the domestic counterparty | Deadline | ||
| Austraclear-eligible | |||
| Deliver to/Receive from: J.P. Morgan Nominees Australia Limited - Austraclear mnemonic: CMNL20 BIC: CHASAU2XDCC In favour of/By order of: CEDELULL, A/C 2312-0001-11-06 | Market deadline | ||
| ASX-listed and CHESS-eligible | |||
| Deliver to/Receive from: J.P. Morgan Nominees Australia Limited (CHESS PID: 20104) BIC: CHASAU2XDCC In favour of/By order of: CEDELULL, A/C 2312-0001-11-06 | Market deadline | ||
| Unlisted physical | |||
| Deliver to/Receive from: J.P. Morgan Nominees Australia Limited Levels 19 and 21, 55 Collins Street, Melbourne VIC 3000, Australia In favour of/By order of: CEDELULL, A/C 2312-0001-11-06 | Market deadline | ||
Further information
The Creation Link Guide – Australia will be updated accordingly on the effective date.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking S.A., 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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