CBF Release Information May 2017
In addition to the publication CBF Release in May 2017: Advance announcement of changes, dated February 2017, Clearstream Banking1 provides with the following comprehensive and detailed information about the changes to be implemented on
Monday, 15 May 2017
Asset Services
WM changes
Note: In difference to our announcement CBF Release in May 2017: Advance announcement of changes which was published in February 2017, the mentioned point “New CBF-WSS fields relating to the dual currency bonds” will not be implemented.
The following enhancements will be introduced in the context of the WM changes:
- New Qualifier RATE in the SECMOVE debit sequence for Event Type TA140 to illustrate the complete redemption rate
The redemption rate will be displayed in the SECMOVE debit sequence with the RATE qualifier in the whole MT564 and MT566 cycle to provide complete information for the partial redemption, including the pay-down part as well as the loss part. - New selection rule for liquidation to differentiate between withdrawal with and without securities
For tax purposes, a distinction must be made between liquidations with or without withdrawal of securities. Events with the exchange reason 06 ("Liquidation") without withdrawal (reduction type = without securities) will, therefore, be processed as event type 125 in future. Events with the exchange reason 06 ("Liquidation") with withdrawal (reduction type = with securities) will be processed as event type 133. Corporate action event indicator will be LIQU in both cases. - New event indicator for the new conversion reason ”Split”, event typeTA232 Whenever the conversion reason is set to Split “ET” in the Conversion segment, the event indicator CAEV will be set to SPLF in the whole SWIFT message chain.
- Event indicator for the new conversion reason "Issue Premium Payment"
Whenever the conversion reason is set to Issue premium payment “ES” in the Conversion segment, the event indicator CAEV will be set to SHPR in the whole SWIFT message chain.
CASCADE-PC
The changes required for CASCADE-PC in May 2017 were already explained in detail in the announcement CBF Release in May 2017: Advance announcement of changes.
CASCADE
Extended deadline for DvP settlement in CHF against account 7215 via SIX SIS AG (Out CSD)
The changes required for CASCADE in May 2017 were already explained in detail in the announcement CBF Release in May 2017: Advance announcement of changes.
KUSTA (account master data)
Changes in the bank information
The changes required for KUSTA in May 2017 were already explained in detail in the announcement CBF Release in May 2017: Advance announcement of changes.
Customer simulation
From 2 May to 12 May 2017, we offer all customers a simulation test phase for changes related to the May Release 2017. The simulation will be set up in the CBF IMS23 simulation environment.
Connectivity Service
CASCADE
Telephone: +49-(0) 69-2 11-1 15 90
Fax: +49-(0) 69-2 11-61 15 90
Email: connectfrankfurt@clearstream.com
08:00 –18:00
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1. Clearstream Banking refers 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).
2. The in our announcement CBF Release in May 2017: Advance announcement of changes, dated February 2017, announced requirements for the CASHMOVE sequence D were deleted with our update on 9 March 2017 as further alignment with the German Market CA Practice Group is necessary.