# InstrumentScope

instr_scope:
Bond: Structured: Certificate of deposit


instr_scope:
Bond: Structured: Medium Term Note: Covered Bonds


instr_scope:
Bond: Structured: Short Term Note: Covered Bonds


# Settings

Value:
IMPORTANT CUSTOMER INFORMATION
NOTICE - TRIPARTY COLLATERAL  FORECAST REPORT AND CM@XDIRECT
This report is issued at your request under Appendix D of the CMSA and is  for indicative purposes only. Clearstream Banking does not guarantee the reliability, accuracy, timeliness or completeness of any of the information contained on this report. This report is based on the information available to Clearstream Banking at the time of its issuance only. You are responsible to check your up-to-date securities holdings information before instituting new triparty collateral management exposures. You acknowledge and agree that any reliance on or use by you of any information contained on this report shall be entirely at your own risk.

1.  If, according to the information available to Clearstream Banking, a security does not meet the parameters of the eligibility criteria set by the Collateral Receiver, that security will not be considered as eligible and not displayed for that Collateral Receiver.
2.  The Clearstream Composite rating is based on the lowest rating available from Standard & Poor’s, Moody and Fitch.
3.  If there is no rating available to Clearstream Banking for a security, a rating for the issuer of that security will be displayed, if available. If this rating is equal to or greater than the minimum rating set by the Collateral Receiver in the eligibility criteria and all other parameters are met, this security will be displayed as eligible.
4.  If there is neither a security rating nor an issuer rating available to Clearstream Banking for a security, that security will not be displayed, unless it is explicitly included in the eligibility criteria set by the Collateral Receiver.
5.  The predicted portfolio holding is calculated using the following components:
      a. For the current day position, current client portfolio holdings are taken into account (at the time the report is generated). For the following days the predicted portfolio holdings from the previous day are taken into account.
      b. All delivery  and receipt security instructions input by the customer with pending matched status are taken into account. The customer has the option to also take into account delivery and receipt security instructions with pending unmatched status. Alleged instructions from counterparties are not taken into account.
      c. All pending matched and unmatched triparty exposure notifications from either party are taken into account.  Automatic top-ups, withdrawals and substitutions are also taken into account, in relation to the relevant participant, contract and account set up.
6.  The amounts in ‘Own Collateral’, ‘All Collateral’ are the total available collateral available for use with the respective counterparty taking into account concentration limits.
7.  Note that only Autoallocation contracts are considered to produce the report.
8.  All security reference data (prices, ratings, etc…), all participants, accounts and contracts set up in CmaX are used as they are at the time the report is generated. Any change of the aforementioned data and set up occurring in the middle of a report generation will be considered for the next run of the report.
9.  For Collateral Receivers whose eligibility criteria stipulate that the margin applied to eligible securities varies according to trade duration, no margin will be applied. The duration of exposures cannot be predicted.
10. In order to protect our customers from unnecessary tax charges, a security for which a tax exemption form should have been received from the relevant Collateral Receiver, but is still outstanding, will be displayed as ineligible for that particular counterparty.
11. Securities may be eligible for more than one counterparty; therefore the sum of all the total eligible securities for each counterparty is not necessarily the total available to trade. Overlaps are likely to occur.
12. Simulated allocations if collateral in Cm@XDirect only considers full ISIN positions. This is likely to lead to some over allocation of collateral on simulated trades and greater reduction in tradable position with other counterparties for whom the security is eligible.
13. Cm@XDirect relies on the calculation of concentration limits from the report. The limits will not be recalculated after a simulated trade has been done. After a simulated trade has been done, there could be a reduction in tradable position with other counterparties.


