CFCL: New Cash Correspondent Banks for EUR, USD, GBP and CHF
Clearstream Fund Centre1 informs clients that effective
30 June 2025
new Cash Correspondent Banks will operate for the following currencies:
Currency | Bank |
CHF | UBS AG, Zurich |
EUR (via T2S RTGS) | Banque centrale du Luxembourg |
GBP | HSBC Bank plc, London |
USD | JP Morgan Chase, New York |
The BIC and account numbers will be communicated in due course.
These new CCBs will facilitate cash-related transactions for CFCL clients, enhancing cash management operations in the Investment Fund Business.
Impact on clients
From 30 June 2025, the processing of cash messages using CBL CCBs or setting CBL as an intermediary for sending cash instructions in the above currencies will no longer be supported.
Connectivity (Swift):
The procedure for instructing cash transactions (deposits and withdrawals) will slightly change from CFCL's current practices.
CFCL will discontinue the use of CBL as an intermediary financial institution and its CCBs for those in scope currencies. Instead, CFCL will directly utilise its own CCBs directly to process cash transactions with their clients.
Note: All other currencies except the four (4) mentioned above will remain unaffected by the new CCBs set up and the messages will continue to be processed as they are today.
Messages impacted by this change
MX message | Equivalent MT | Nomenclature |
pacs.009 COV | MT202 COV | Financial Institution Credit Transfer (Cover Payment) |
pacs.009 ADV | MT200/202 | Financial Institution Credit Transfer (Advice) |
pacs.009 | MT200/202 | Financial Institution Credit Transfer |
pacs.008 STP | MT103 STP | Customer Credit Transfer (STP) |
pacs.008 | MT103 | Customer Credit Transfer |
pacs.004 (Return) | MT 103/202 RETN | Payment Return |
camt.105 | MT190/290 | Charges Payment Notification |
camt.057 | MT210 | Notification to receive |
camt.054 | MT900/910 | Customer Debit/Credit Notification |
Note: Instructions unrelated to cash will not be impacted by this new CCB set up. Also the CCB deadlines will not change with respect to the existing CBL CCB’s.
Further information
CFCL will open additional CCBs in other currencies and details will be provided in due course.
For further information please contact Clearstream Fund Centre Client Services or your Relationship Officer.
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1. Clearstream Fund Centre refers to Clearstream Fund Centre 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-261691.