CFF: BlackRock Investment Funds (UK ISINs) migrate to CFF - Update
Note: This announcement, originally published on 18 July 2024, has been updated to amend the migration dates. Changes have been highlighted.
Clearstream Banking1 informs clients that effective
Monday, 29 July 2024
BlackRock UK Unit Trust Funds (“the Funds”), managed by BlackRock Fund Managers Limited (“BFM”), and The Bank of New York Mellon (“BNY”) as the 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 BNY UK branch as transfer agent (please refer to the attached spreadsheet) |
Migration Day -1 (MD-1): | Friday, 26 July 2024 |
Migration Day (MD): | Monday, 29 July 2024 |
Fund Issuance Account (FIA): | 108672 |
Timeline for process adaptations
- Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD. No action is required by Clearstream Banking account holders.
- All trades with settlement date MD and later will use the CFF process.
- First settlement against FIA 108673 will be 31 July 2024 for T+2 funds and 1 August 2024 for T+3 (refer to 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 CBL Client Handbook.
For further information, please contact as appropriate:
Clearstream Banking | |
Email: | |
Telephone: | +352-243-32833 |
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.
3. Clients sending in their own settlement messages must update the SSIs to the new FIA 10867.