CAH Phase 2 Status Update No. 1 – KADI DE Migration to OneCAS: Start of the KADI DE Migration to OneCAS
Clearstream Banking AG (CBF) confirms to clients the start of the migration activities for the KADI DE Migration phase 2 to OneCAS. The cancellation process of the corporate action events in scope for the migration is being started by KADI.
Following this process, the MT564 CANC messages are going to be distributed as per the current KADI reporting schedule and system availability. Clearstream reminds its clients that the MT564 CANC messages will not contain any special narrative to refer to the migration activities, and in exceptional cases there may be two parallelly active events with the same COAF until the cancellation from KADI is correctly processed. The events can be distinguished as they have a different CORP ID.
Clients are kindly asked to ensure correct processing of the messages after their distribution.
In the Client Migration Guide, Clearstream informed clients about the scope of the corporate action events that are going to be migrated. Additionally, ISINs list can be retrieved from the link ISINs list
The next Operational News is scheduled for Saturday, 29 June 2024, at around 11:00.