SCoRE and ECMS: MT567 Corporate Action Status and Processing Advice
As a part of its continuous improvement to comply with the Securities Market Practice Group (SMPG) standards and in anticipation of the future implementation of the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Corporate Actions Standards and the Eurosystem Collateral Management System (ECMS), LuxCSD1 will support the MT567 Corporate Action Status and Processing Advice effective
8 April 2024
The new MT567 Corporate Action Status and Processing Advice will be provided when the default action is executed by LuxCSD for voluntary and mandatory with choice events where the default action is different from “No Action”. LuxCSD will send the default action applied for events with the following options, cash, securities or cash and securities in case of subscription by the clients.
Message example:
:23G:INST/Function of the message
:25D::IPRC//DFLA Status code
Clients can subscribe to the new message in Xact Web Portal under Reporting & Monitoring, Report Centre, Manage report Subscriptions, by selecting “Default Instructions” in the “Report details” tab.
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Further information
The Xact via Swift User Guide and the Xact Web Portal User Manual will be updated accordingly.
For further information, please contact LuxCSD Client Services.
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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.