CFF: Blackrock Investment Funds (LU ISINs) migrate to CFF - reminder
Clearstream Banking1 would like to inform clients that effective
Monday, 1 July 2024
Blackrock Luxembourg domiciled investment fund shares handled by BlackRock (Luxembourg) S.A. & BlackRock Fund Management Company S.A. acting as management companies, and J.P. Morgan SE - Luxembourg Branch acting as transfer agent, will use the Central Facility for Funds (CFF) service.
All clients of Clearstream Banking that hold positions in these investment fund shares will immediately benefit from the CFF process and services.
Migration details
Scope: | Funds available in Clearstream Banking handled by J.P. Morgan SE Luxembourg branch as transfer agent (please refer to the attached spreadsheet) |
| Migration Day -1 (MD-1): | Friday 28 June 2024 |
Migration Day (MD): | Monday 1 July 2024 |
Fund Issuance Account (FIA): | 108712 |
Timeline for process adaptations
- Clients are recommended to instruct transfers by end-of-day MD-5 in order to ensure execution before the migration.
- Instructions that do not follow the CFF process can be executed at the latest on business day MD-1.
- Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD-1. No action is required by Clearstream Banking account holders.
- Pending instructions that do not follow the CFF process on MD will not be executed and must be cancelled by clients. If the instructions are not cancelled by the client, Clearstream Banking reserves the right to cancel the instructions on the client’s behalf.
- All trades with settlement date MD and later will use the CFF process and settle against FIA 10871 in Clearstream Banking as listed in the attached spreadsheet.
- All corporate actions with record date MD and later will use the CFF process.
Further information
For more detailed information about CFF please refer to the Clearstream Banking Client Handbook.
For further information, please contact as appropriate:
Clearstream Banking | JP Morgan SE Luxembourg | |
Email: | ||
Telephone: | +352-243-32833 | +353-161-23222 |
For more general information regarding Clearstream Banking products and services, clients may contact their Relationship Officer.
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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 (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
2. Clients can use the Fund Market Account of CFF (“FMA01”) as counterparty account in their settlement instructions.