CFF: Metzler Ireland Limited migrates to CFF
Effective
Monday 23 April 2012 1
investment fund shares in funds handled by Metzler Ireland Limited and listed in the associated spreadsheet will use the Central Facility for Funds (CFF) service.
All customers of Clearstream Banking2 that hold positions in these investment fund shares will immediately benefit from the process and service improvements implemented with the launch of CFF on 26 February 2007.
Migration details
Scope:
Funds available in Clearstream Banking handled by Metzler Ireland Limited as Transfer Agent (please refer to the associated spreadsheet).
Migration Day (MD): Monday 23 April 2012.
Fund Issuance Account (FIA): 10441
Time-line for process adaptations:
- All trades on trade date MD and later will use the CFF processes and settle against the FIA 10441 of Metzler Ireland Limited in Clearstream Banking, as listed in the associated spreadsheet.
- Pending settlements from trade date MD-1 and earlier continue to be settled with the existing process.
- Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD. No action is required by Clearstream Banking account holders.
- All transfers (In/Out or between accounts) must be performed using the CFF processes for MD and later.
- Transfers that do not follow the CFF processes can be executed, at the latest, on the business day MD-1.
- Pending transfers that do not follow the CFF processes will be rejected by Clearstream Banking in the overnight processing preceding MD and will need to be re-instructed by the customer on MD.
- Customers are recommended to instruct transfers by end-of-day MD-2 in order to ensure execution before the migration.
- All corporate actions with Record Date MD and later will use the CFF processes.
Further information
For further information, please contact as appropriate:
| Clearstream Banking Investment Funds Services Helpdesk | Metzler Ireland Limited | |
| Email: | investfunds@clearstream.com | Share_Reg@metzler.com |
| Telephone: | +352-243-32833 | +353-162-5817 |
| Fax: | +352-243-632833 | +353-167-02266 |
1. Owing to new information received regarding a change of migration date to 11 June 2012, this Announcement has been replaced by Announcement A12084, dated 17 April 2012.
2. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, 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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