Instruction specifications - Common Depository/Common Service Provider - Xact Web Portal - International (CBL)

15.10.2024

In the following tables, M=Mandatory; O=Optional; C=Conditional.

Markdown of certificates in global form

 

Deliver Free                                                          All narratives to be placed in a line

M

Settlement instruction processing additional details

/MKDW/Transfer or Redemptiona   

O

Trade date

 

O

Deal price

 
 

Receiving settlement parties

 

M

Depository Format

Country code

 

Depository Identifier

2-character country code – country name

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

or

Party 1 Format

Name (if BIC does not exist)

 

Party 1 Identifier

counterparty’s name

or

Party2 Format

Name

 

Party2 Identifier

beneficiary’s name

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a. If not present, the instruction will be considered as being a physical delivery pending receipt of definitive certificates (see below).

Physical delivery instruction for securities represented by a temporary

Delivery will be executed only upon exchange of the temporary global note and receipt of definitive certificates by Clearstream Banking’s specialised depository. The transaction will have “Pending Failing, Transaction not allowed for global certificate” status until the securities can be physically delivered.

 

Deliver Free                                                           All narratives to be placed in a line

M

Settlement instruction processing additional details

"Redemption" or "Transfer" as applicable

O

Trade date

 

O

Deal price

 

O

Denomination choice

a

 

Receiving settlement parties

 

M

Depository Format

Country Code

 

Depository Identifier

2-character country code – country name

M

Party 1 Format

Name

 

Party 1 Identifier

counterparty’s name

O

Party2 Format

Name

 

Party2 Identifier

beneficiary’s name

O

Party 2 Safekeeping account a

beneficiary’s account

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a. All eligible denomination requests will be passed on to the specialised depository, which will execute them on a “best efforts” basis, defined as:

  • The specialised depository will deliver the denomination choices requested;
  • The specialised depository will deliver whatever lower denominations can satisfy the request.

Delivery of the requested denomination cannot be guaranteed if the instruction is not formatted as above.

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