Kundeninformation CBF April Release 2012
Contents
1. 28 5 3 Screen changes due to expansion of the field Series SEC CODE a 29 6 Preparatory measures steps for TARGET2 Securities _ nrnna 33 6 1 Banking information alphabetic search a 33 6 2 KUSTA data carrier and KUSTA Internet file sass 40 1 Clearing and Settlement Services 1 1 Changes in MT537 reporting Pending SE Trades As a result of the trading time extension on B rse Stuttgart Stuttgart stock exchange in March 2013 customers will be offered as from the CBF release effective 18 November 2013 an additional MT537 transfer for pending SE trades The new transfer will take place after the current transfer which is currently sent at approx 23 00 Generally the transactions for all exchanges will continue to be sent in an MT537 transfer at the usual time up to 23 00 Only in exceptional cases when B rse Stuttgart or another stock exchange cannot provide the transactions to CBF in time the missing transactions will be made available in a second transfer The new transfer will be issued with the following characteristics statement number and can be identified accordingly Field 13A STAT 250 For more details about the new transfer times and contents please refer to the document CBF Release in November 2013 Advance announcement of changes which was published on the Clearstream website on 30 May 202. nennen nennen enne 18 3 2 Introduction of MT564 For Info Only 18 3 3 MT566 confirmation for manual cash entries a 19 3 4 Adjustments by the SWIFT SR 2013 and the Market Practice 19 3 5 Termination of the Custody Payments File len 19 3 6 Adjustment of the market claiming period to 20 days enne 20 3 7 Adjustment of Personal Journal KD111 sss nnns 20 3 7 1 Eistlayout sense en emite ties det ee 21 3 8 Customielzsimilati n LESE 22 gt 22 2121 aN nad ache a 23 4 1 EL 11 CEEPPRISPERFEEEITEUPENEFFERPE NEE Su nn ET 23 4 1 1 Launch of the new Xemac version 5 5 a 23 4 1 2 Enhancement of Xemac evaluation rules in November 2013 sene 23 4 1 3 Introduction of new cash processes in February 2014 I 23 4 1 4 Enhancement of Xemac client usability views a 24 4 2 Securities Lending u r 25 AS CIV COS ER 26 5 1 Expansion of the table certificate specific characteristics 26 5 2 Default assignment of characteristics in CASCADE event type 16
3. display message journal bank search gt user information processing Jaccounting information 02 09 13 01 29 25 pm Gro britannien HongKong Ungarn Japan Mexiko Norwegen Neuseeland Polen Russland Schweden 2 3 Securities transfer warrant detachment re attachment With the introduction of CASCADE PC version 7 9 the instructions for the detachment and re attachment of warrants with fixed income securities can also be entered and displayed online via CASCADE PC CASCADE PC blockfunblock instructions standing instructions delete custody and other payments final positions ren CENE nte E am orders reservation Instructions reconcilation totals standing instruction reservation prioritisation of cash sources market rule modify delete central bank money Euro commercial bank money display bank search shareholder data message journal new admission mark up registration user information withdrawal re registration processing accounting information positions instructions system information positions of certificates currency parameter instruction history Version 7 8 Beta 7999260001 A KVEEOZ 02 09 13 01 29 25 pm 2 3 1 Warrant detachment An order for a warrant detachment is entered via the following screen CASCADE PC warrants deta
4. ISIN pones 7 5 STADA ARZNEIMITT MO 00 05 26 06 6 FTz nominal security type unit customer reference E E settlement date 30 07 2013 There are additional bookings charged to kt _ 0001069557 7 5 STADA ARZNEIMITT OPTOO 0S 26 06 6 1 000 IDE0007251845 STADA ARZ AG KOS00 15 6 status unverified Version 7 8 Beta 7999260001 KVEKVA 02 09 13 01 54 58 pm 3 Custody Services wr sn tt 3 1 MT564 Implementation of Two Events Scenarios Based on the harmonisation requirements of the Corporate Action Joint Working Group CAJWG the German Market Practice Group has decided to implement the Two Events Scenario for capital increases in connection with the issue of subscription rights or interim securities classes in the German market effective from 18 November 2013 With the processes described below CBF complies with these requirements which at the same time are part of the T2S Corporate Action Subgroup Standards In future CBF will start two MT564 workflows or events in parallel for the event types TA210 and TA211 allocation of units with distribution of subscription rights or interim securities classes these will be initiated as from 30 business days before ex day record day The first event or MT564 workflow 22F CAMV MAND mandatory event no instruction required refers to the KADI event type TA210 TA211 and the I
5. information delete custody and other payments final positions RS account transfer instruction history reverse deletion ons registered owners conversion reservation service cash forecast re conversion self collateralisation orders reservation instructions warrants detachment reconciliation totals standing instruction reservation reattachment of bond and warrant checking totals cash account linking unverified instructions prioritisation of cash sources modify delete display market rule verify modify delete formation cash monitoring RTS central bank money Euro commercial bank money ee shareholder data display message journal bank search new admission mark up registration user information withdrawal re registration processing accounting information displa positions instructions system information positions of certificates currency parameter instruction history 02 09 13 01 29 25 pm This function will also be described in the new version of the CASCADE PC User Manual 2 2 CASCADE system information currency parameter With CASCADE PC version 7 9 the currency parameters that apply to the processing of foreign currency transaction non Euro can be accessed These parameters present the tolerance limits within which the foreign currency transactions are matched a
6. 0S 26 06 6 1 000 IDE0007251845 STADA ARZ AG KOS00 15 6 4 2 Version 7 8 Beta 7999260001 KVEINR 02 09 13 01 53 19 pm The input of warrant detachments must be checked by a second user according to the four eyes principle in order to validate the transaction and to allow its execution see below CASCADE PC warrants detachment display Sel xj window help instruction no 89172 custody type or collective custody z file no debit account 000 credit account 7926 000 WJOPT TREN U BOND STRIPPING securities m peomoroess4o 7 5 STADA ARZNEIMITT MO 00 05 26 06 6 m nominal 1 000 security type 7 unit customer reference D gis ier Fi settlement date 30 07 2013 There are additional bookings in Favour of IDE0001069557 7 5 STADA ARZNEIMITT OPTOO 05 26 06 6 1 000 0 0007251845 STADA ARZ AG 500 15 6 M E 2 processing status 100 processing open cancel Version 7 8 Beta 7999260001 KVAIHA 02 09 13 01 56 52 pm 2 3 2 Warrant re attachment The order for the re attachment of warrants with the corresponding ex bond must be entered in the same way as the order to detach warrants Here again only the ISIN of the cum bond has to be entered the instructions to debit the relevant warrants and the ex bond are also generated automatically by CASCADE The four eyes principle applies as well Examples of the entry information and control screen
7. 99999 NEW CITY ESCHBORN 05 07 2013 TELEPHONE 49 69 211 11177 FAX 49 69 211 13701 PROGRAM NAME KD111 ACCOUNT 7999 DIVIDENDS FOR THE FOLLOWING CCP GROSS TRADES IN COLLECTIVE SAFE CUSTODY SECURITIES WE HAVE INITIATED ON BEHALF OF EUREX CLEARING AG EQUITY CCP PAYMENT BECAUSE THEY COULD ONLY BE SETTLED EX COUPON KEY DATE 05 07 2013 EX DATE 02 07 2013 SEC US9999999999 DIVIDEND 1 00 USD TAXABLE DIV 0 00000000 MPL TRANS NO TRADE DAY COUNTERPART NOMINAL NET AMOUNT USD 096 1234567 18 04 2013 8501 1 000 000 700 00 ORDER NO CCPNET9037266 TAX 30 300 00 TOTAL PER SEC CODE 1 000 000 USD 700 00 TAX 300 00 NET AMOUNT PURCHASES USD 700 00 NET AMOUNT SALES USD 0 00 COMPENSATION PAYMENT ON 05 07 2013 LEGAL TAX REPORTING IS INITIATED BY EUREX CLEARING AG EQUITY CCP 3 8 Customer simulation For customers who receive MT564 566 messages via MQ Series or SWIFT there is an option to simulate these messages during a limited period and with a limited content starting 21 October 2013 If you are interested please contact Customer Service Connectivity 4 GSF Service p m n r m m YT FCnFrF 4 1 Xemac 4 1 1 Launch of the new Xemac version 5 5 A new XemacQ version 5 5 will be implemented with the release on 18 November 2013 The participating banks need to install the Xemac version 5 5 by this date Thereafter it will no longer be possible to access Xemac version 5 4 1 and earlier versions The soft
8. 13 CBF will set up the new MT537 transfer based on the content option already used by customers today either only daily transactions or daily transactions and unsettled transactions If customers require changes to the technical or content parameters they are kindly requested to contact Customer Service Connectivity in due time 1 2 New daily cash statement From 18 November 2013 in addition to the current daily cash statement CBF will provide a new daily cash statement with a changed layout landscape format and with contents sorted differently The new daily cash statement will be included in the existing transfer it does not have to be explicitly ordered by customers We would like to point out to customers that due to the different formats portrait or landscape format within the same transfer the print parameters at the customer location may have to be adjusted in order to be able to print out the new daily cash statement in a legible form For details about the contents and the format of the new daily cash statement please refer to the document CBF Release in November 2013 Advance announcement of changes which was published on the Clearstream website on 30 May 2013 The parallel provision of the daily cash statement in the existing format will then be dropped in November 2014 when implementing the November 2014 CBF release 1 3 Change of the settlement deadline for GC Pooling transactions in EUR From 18 November 2013 GC
9. A 08 10 13 12 41 18 pm Future CASCADE PC selection screen window full display help selection 06 Clearstream Banking Luxembourg Luxembourg a AAGCS RE FULLY TAX AMSTERDAM 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG WIESBADEN 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG DUBLIN BRANCH DUBLIN 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG TRUSTEE WIESBADEN 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG DUBLIN BRANCH WIESBADEN 06 Clearstream Banking Luxembourg Luxembourg AARGAUISCHE KANTONALBANK AARAU 06 Clearstream Banking Luxembourg Luxembourg AB SEB VILNIAUS BANKAS VILNIUS 06 Clearstream Banking Luxembourg Luxembourg ABBEY NAT TREASURY SVCES TRADING LONDON 06 Clearstream Banking Luxembourg Luxembourg ABBEY NTL TREASURY SERV LONDON 06 Clearstream Banking Luxembourg Luxembourg ABC INTERNATIONAL BANK PLC FRANKFURT AM MAIN 06 Clearstream Banking Luxembourg Luxembourg ABC INTERNATIONAL BANK PLC LONDON 06 Clearstream Banking Luxembourg Luxembourg NASSAU 06 Clearstream Banking Luxembourg Luxembourg BEDING 06 Clearstream Banking Luxembourg Luxembourg ABCI SEC CO LTD CLIENTS HONG KONG 06 Clearstream Banking Luxembourg Luxembourg ABCI SEC CO LTD HOUSE HONG KONG 06 Clearstream Banking Luxembourg Luxembourg ABERDEEN UNIT TRUST MANAGERS LTD LONDON 06 Clearstream Banking Luxembourg Luxembourg ABN AMRO GUERNSEY LTD CLIENT ST PETER PORT 06 Clearstream Banking Luxemb
10. AREAL BANK AG WIESBADEN 67065 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG DUBLIN BRANCH DUBLIN 67146 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG TRUSTEE WIESBADEN 69131 06 Clearstream Banking Luxembourg Luxembourg AAREAL BANK AG DUBLIN BRANCH WIESBADEN 47389 06 Clearstream Banking Luxembourg Luxembourg AARGAUISCHE KANTONALBANK AARAU 92304 06 Clearstream Banking Luxembourg Luxembourg SEB VILNIAUS BANKAS VILNIUS 22021 06 Clearstream Banking Luxembourg Luxembourg ABBEY NAT TREASURY SVCES TRADING LONDON 80736 06 Clearstream Banking Luxembourg Luxembourg ABBEY NTL TREASURY SERV LONDON 90281 06 Clearstream Banking Luxembourg Luxembourg ABC INTERNATIONAL BANK PLC FRANKFURT AM MAIN 67055 06 Clearstream Banking Luxembourg Luxembourg ABC INTERNATIONAL BANK PLC LONDON 73686 06 Clearstream Banking Luxembourg Luxembourg ABC ROMA BANKING LTD NASSAU 99431 06 Clearstream Banking Luxembourg Luxembourg ABC DUBAI BRANCH BEDING 19014 06 Clearstream Banking Luxembourg Luxembourg SEC CO LTD CLIENTS HONG KONG 18330 06 Clearstream Banking Luxembourg Luxembourg SEC CO LTD HOUSE HONG KONG 18331 06 Clearstream Banking Luxembourg Luxembourg ABERDEEN UNIT TRUST MANAGERS LTD LONDON 10449 06 Clearstream Banking Luxembourg Luxembourg AMRO GUERNSEY LTD CLIENT ST PETER PORT 85069 06 Clearstream Banking Luxembourg Luxembourg further clearing customers cancel Version 7 88 09 09 2013 7907000013 A KVvAVI
11. OC PACKAGE 8 BLOC PACKAGES FROM WORKING STOCK 9 SINGLE CERTIFICATE GLOBAL CERTIFICATE SINGLE COUPON SHEET 10 TECHN GLOBAL CERT UP TO 11 OLD CERTIFICATES 12 PERMANENT GLOBAL CERTIFICATES 13 UP TO GLOBAL CERTIFICATE 14 M BSPLIT 15 CERTIFICATE ONLY 16 UNIQUE COPY 17 UNITS 18 CF AND K DOCUMENTS 19 CF DOCUMENTS 20 TECHN GLOBAL CERT W COUPON SHEET MAN ENTRY Code 21 Explanation TECHN GLOBAL CERT W O COUPON SHEET MAN ENTRY 22 TECHN GLOBAL CERT W COUPON SHEET DELIVERABLE 23 TECHN GLOBAL CERT W O COUPON SHEET DELIVERABLE 24 WITH COUPON SHEET 25 WITHOUT COUPON SHEET 26 SCRIP WITHOUT COUPON SHEET 27 COMMITMENT 28 ONLY COUPON SHEET 29 CERTIFICATE ASSIGNMENT 30 COUPON SHEET ASSIGNMENT 31 CERTIFICATE COUPON SHEET ASSIGNMENT TRANSFER S 32 CERTIFICATE COUPON SHEET TRANSFER S 33 COUPON SHEET ASSIGNMENT TRANSFERIS 34 ASSIGNMENT TRANSFERIS 35 ASSIGNMENT 36 TRANSFERIS 37 WITH COUPON 38 POSSIBLE REFERENCE TO CERTIFICATES 39 NO INTEREST DIVIDEND SERVICE 40 NO INTEREST CERTIFICATE TALON 41 ONLY TALON 42 GLOBAL BOND 43 IGL 44 IGL UP TO 45 SCRIP 46 SCRIP UP TO 50 NOT VALUED 97 REINTERPRETATION GC FC 98 REINTERPRETATION DUE TO 670 5 2 Default assignment of characteristics in CASCADE event type 16 When placing an order for new registrations via the CASCADE transaction KVEW NV the f
12. Pooling transactions that were instructed in connection with the RTS DvP settlement GC Pooling overnight can be settled until 17 40 currently 17 15 1 4 Self collateralisation expansion of the eligible securities The service that is offered jointly by CBF and the Deutsche Bundesbank is being expanded to include approx 1 200 foreign securities in collective safe custody CSC These are primarily French Spanish Austrian and Dutch bonds issued by governments and banks which the self collateralisation participant can use for self collateralisation for purchases CBF internal OTC trades 2 CASCADE PC Version 7 9 In view of improving the available CASCADE PC functionality in comparison to CASCADE Host CBF will make available the following functions in the new CASCADE PC Version 7 9 Requesting inventory lists as a single order CASCADE system information currency parameter Warrant detachment re attachment 2 1 Requesting personal inventory lists as a single order In future CBF customers can request CASCADE PC inventory lists online The request is created via the following CASCADE PC screens My CASCADE DE GROUP modify delete display cash forecast booked movements receipt block unblock modify accounting movements statistics TEFRA D release match service blockfunblock instructions standing instructions RS position transfer
13. SIN of the underlying class of securities and announces the crediting of subscription rights or the interim securities class The second event or MT564 workflow relates to the KADI event type TA280 voluntary corporate action 22F CAMV CHOS voluntary event instruction required and the ISIN of the subscription right or interim securities class In addition to information about the subscription period and the subscription price the message shows the possible customer options for utilising the rights or the interim securities class Further details about the workflows of both events and the changes and extensions of the message formats are described in the publication CBF SWIFT amp Connectivity Changes November 2013 and in the CBF Connectivity Manual Part 3 Pre issue November 2013 3 2 Introduction of MT564 For Info Only Starting from 18 November 2013 the event type TA281 will inform clients about mandatory events without effect on holdings and the event type TA280 will inform clients about voluntary events MT564 messages will be sent additionally for specific values of the WM data field UD008A reason for exchange MT564 messages will be sent with the processing status INFO for event type TA281 in relation to information relevant to the UCITS IV Implementation Act Undertakings for collective investment in transferable securities 4th guideline about funds Such information was announced in advance without an event or other da
14. anged to NCB In all other cases the contract definition type will be changed to Clearstream 4 1 4 2 New column rejection reason in status not checked for claims view A new column rejection reason will be added to this view It will be placed after the column processing status It will be filled only when the claim is in status entry checked and the request for the claim decrease was not accepted by the collateral taker 4 1 4 3 Additional information in claim details view The field instruction reference in the area additional information claim details will be enhanced in order to additionally display if a new claim version has been created due to a compulsory reduced claim due to eligibility and prices or due to a compulsory reduced claim due to a corporate action The field will be renamed as follows instruction reference instruction reference event Depending on the reason for compulsory claim decrease this field will contain the relevant information as below Reason for compulsory reduced claim decrease Instruction reference event Prices or ineligibility Re evaluation Corporate action Corporate action The display of claim changes linked to other reason will remain unchanged A sample screen is illustrated below ispiay ceim 00 uini Own Claim No System Claim No 2006000001 Version 8182 Own Contract No 5000013005 System Contract No 2006000001 V
15. chment enter NI x window help instruction no custody type for collective custody 7 file no debit account credit account 7926 000 securities m nominal security type unit customer reference zi zi settlement date 30 07 2013 There are additional bookings Favour of mur Ira Version 7 8 Beta 7999260001 A KVEEOT 02 09 13 01 49 55 pm The screen must be completed similar to a normal securities transfer free of payment whereby the ISIN of the cum bond bond with warrant must be entered and the account of the counterparty is not specified This field is completed automatically by CASCADE depending on the ISIN The orders for crediting the warrants and the ex bonds are also generated automatically by CASCADE The screen below shows an example how the warrant detachments are displayed in the usual information screens CASCADE PC warrants detachment display D xl window help instruction no 8917 custody type Jor collective custody file no 89 debit account 000 credit account 7926 000 WJOPT TREN U BOND STRIPPING securities ow 0001069540 7 5 STADA ARZNEIMITT MO 00 05 26 06 G C nominal security type unit o customer reference HM settlement date 30 07 2013 There are F additional bookings in Favour of I IDE0001069557 7 5 STADA ARZNEIMITT OPTOO
16. clearstream DEUTSCHE B RSE CBF Release Information related to the CBF Release 18 November 2013 CBF Release Information related to the CBF Release 18 November 2013 October 2013 Document number F CON33 This document is the property of Clearstream Banking AG Frankfurt Clearstream Banking and may only be changed with prior written consent obtained from Clearstream Banking The information in this document is subject to change without notice and does not represent any obligation on the part of Clearstream Banking a subsidiary or other affiliate of Clearstream International S A Copyright Clearstream Banking AG Frankfurt 2013 All rights reserved Clearstream Banking AG Frankfurt is acompany of the Deutsche B rse Group Foreword This information provides you a comprehensive and detailed overview of the changes that will be implemented on 18 November 2013 for the following service areas Clearing and Settlement Services J CASCADE PC Custody Services GSFService Vaults Services In addition to the new CASCADE PC version 7 9 with functions for requesting personal inventory lists and the ability to now perform warrant detachments re attachments online CBF also offers improved reporting for SE trades MT537 Reporting as well as a new layout for the daily cash statement The range of eligible securities for the self collateralisation service is expanded to include foreign securities in collective safe
17. custody In the area of Custody Services CBF will implement Corporate Action Standards in accordance with the Corporate Action Joint Working Group CAJWG and Corporate Action Sub Group CASG These concern in particular the adjustment for the market claiming period from 25 to 20 days as well as the implementation of Two event scenarios MT564 Furthermore adjustments will be made in relation to the German Market Practice Groups such as for example MT564 for info only For securities that are pledged in favour of the Deutsche Bundesbank GSF Service introduces new nightly evaluation runs in Xemac After the last run in Xemac a revaluation is performed based on new prices and eligibility criteria as well as further revaluations in view of upcoming corporate actions In the area of Vaults Services among other things a default assignment of characteristics is implemented in CASCADE instruction type16 In addition CBF will already implement the first measures in preparation for TARGET2 Securities We would ask you to please forward the document to all relevant departments within your company If you have any questions or would like more information on the individual topics please contact our Customer Service We would also point out to our customers at this time that telephone conversations with Clearstream Banking as usual in the finance industry are recorded in some areas This is to ensure that the interests of Clearstream Banki
18. d 18 CGO England 19 Clearing Partner Sweden 20 vP Securities Denmark 22 Clearing Partner Norway 25 Clearing Partner Spain 26 Clearing Partner Greece Cyprus 30 Clearing Partner Ireland 33 Euroclear ESES France 34 Euroclear ESES Netherlands 35 Euroclear ESES Belgium 45 Crestco Dresdner Bank England 46 Clearing Partner Switzerland SIS Custodian 50 Eurex Clearing AG 60 Krajowy Depozyt Papierow Wartosciow Poland alpha sear alpha ok cancel Version 7 88 09 09 2013 7907000013 A KVAVIA 08 10 13 09 24 51 am SCADE PC selection bank information window help account connection between global clearing organisations customer of Clearstream Banking Frankfurt customer of all clearing organisations incl Clearstream Banking Frankfurt customer of all global clearing organisations customer of a certain clearing organisation or Clearstream Banking Frankfurt Germany 06 Clearstream Banking Luxembourg Luxembourg Pu 07 Euroclear Belgium 08 JSCC Japan 10 Monte Titoli Italy 11 DTC USA 16 Clearing Partner Finland 17 CREST England 18 CGO England 19 Clearing Partner Sweden 20 VP Securities Denmark 22 Clearing Partner Norway 25 Clearing Partner Spain 26 Clearing Partner Greece Cyprus 30 Clearing Partner Ireland alphal33 Euroclear ESES France 34 Euroclear ESES Netherlands 35 Euroclear ESES Belgium 45 Crestco Dresdner Bank England 46 Clearing Partner Switzer
19. d address Clearstream Banking AG Mergenthalerallee 61 65760 Eschborn Germany Postal address Clearstream Banking AG 60485 Frankfurt Main Germany
20. ersion Xemac Partner Claim Details Processing Information Contract Data Own Contract No 5000013005 d System Contract No 2005000001 i Contract Version 4 z Contract Name BANKABCD Claim Data Own Claim No Amount 3 754 856 817 95 Currency EUR Collateralised from 01 10 2013 Collateralised until Comment DE00013 Claim Control Additional Information v GCP Reuse Instruction Reference Event Corporate Actions Automatic Claim Decrease Request Last Valuation Date amp Time 02 10 2013 07 41 05 Collateral Value 3 755 015 818 81 EUR Cover Ratio 100 00 96 ooo Close 4 2 Securities Lending The securities lending service of CBF will be enhanced to enable lending and fully fledged reporting in foreign currencies This includes both shares and fixed income securities for the latter the deposit currency is always used Instructions in foreign currency can be submitted for e Shares in eligible currencies e Fixed income securities always in their deposit currency within the eligible currencies KAGplus transactions can be instructed in EUR as today as the lending system automatically uses the applicable deposit currency of the security For the calculation of the loan value a top up is applied when prices in foreign currencies are used Eligible currencies beside EUR are AUD CAD CHF DKK GBP JPY KRW NOK SEK as well as USD Detailed changes and e
21. ic search and KVAV IT bank information via direct entry will be adjusted As of today the query will provide access to information from counterparties like clearing institutions ICSDs and different CSDs These are today summarised under the term International Clearing Partners ICP Since the acronym ICP is already used in the context of T2S for Indirectly Connected Participant the respective term in CBF will be changed to International Markets In this respect the long and short names of the individual markets will be shortened In addition those markets to which CBF has no active settlement link will be removed from the list It is important to note that with the launch of T2S the query will be limited to CBF and so called Out CSDs CSDs that are not or not yet participating in T2S but set up in T2S as counterparty under CBF According to the T2S migration plan all participating CSDs will migrate to T2S during four waves Information about any specific market will be available under KVAV in CBF until the CSD of this market has become a so called In CSD a CSD that has migrated to T2S At the same time the information on this CSD will no Longer be available under the selection mask KVAV IA 6 1 Banking information alphabetic search The existing selection mask KVAV IA banking information alphabetic search will after the CBF release of 18 November 2013 only allow to search for international markets that have an acti
22. ield characteristics is assigned a default value under the conditions outlined below The field is not accessible and cannot be changed by CBF customers If the order for new registrations settlements is done via LIMA MT540 no certificate specific characteristics may be used in the order If the field is filled the order will be rejected In the case of settlements deposit type 5 the field cannot be filled and is not assigned a default value Global bonds KV country of deposit 998 are assigned the default characteristic 42 Global bonds RS securities are assigned default characteristics per custody type as follows VWM 14 Assigned default characteristic 13 global certificate up to VWM 15 Assigned default characteristic 44 IGL up to VWM 16 Assigned default characteristic 10 technical global certificate up to TEFRA D bonds are assigned default characteristic 13 global certificate up to For deliveries of deposit type 2 the following rules apply VWM 1 2 Assigned default characteristic 45 Scrip VWM 5 Assigned default characteristic 43 IGL VWM 9 16 There is no default characteristic assigned by the system The characteristics field is completed by the CBF checkpoint other VWM Assigned default characteristic 12 permanent global certificate Deliveries for deposit types 3 and 4 are subject to the following rules VWM 9 16 Assigned default characteristic 10 technical global certificate up to VWM 1 2 Ass
23. igned default characteristic 46 Scrip up to VWM 5 15 Assigned default characteristic 44 IGL up to other VWM Assigned default characteristic 13 Global certificate up to 5 3 Screen changes due to expansion of the field Series SEC CODE This affects all screens of the area in the KVEW transaction on each of the pages where the certificate number is entered and the corresponding information display in the CASCADE entry and order screens as well as the corresponding screens in CASCADE PC Example CASCADE Online KVEW TRAN KVEW FC EL SB ORDER PROCESSING DEPOSIT CERTIFICATE ENTRY ENTRY STATUS ONGOING DEPOSIT ORDER NR 650111 COMP NOM 100 SEC CODE I DE0005483036 NO CERT TOTAL NOM CERT 5 INCREMENT SERIES SEC CODE I CODE CERTIFICATE NUMBERS MAN MAN E GEL GEL 9999999699 Ei 10999566 26 09 13 10222811 EAO005I processing of previous page completed PF4 Cancel The field Series SEC CODE is no longer displayed Example CASCADE PC entry of new admission settlement E CASCADE deposit new admission settlement recording window help instruction no 650803 total nominal value securities sm DEODODBOCFF7 total nominal value sum security out of series increments number denomination certificate numbe
24. ile or who cannot yet make this switch for technical reasons CBF can continue to send the Custody Payments File However the following additional fees shall be charged with effect from January 2014 from 1 January 2014 2 500 per month and per master account From 1 July 2014 5 000 per month and per master account from 1 January 2015 10 000 per month and per master account 3 6 Adjustment of the market claiming period to 20 days As part of the Europe wide harmonisation CBF will use the CBF Release on 18 November 2013 to adjust the market claim period to the internationally required standard The current Market Claim period will be adjusted from 25 to 20 business days The new market claim period of 20 business days shall apply to corporate actions with record date 18 November 2013 and later This also applies to corporate actions that are processed as from 18 November 2013 3 7 Adjustment of Personal Journal KD111 If CPP transactions for US tax relevant securities are subject to the market or reverse claim process of CBF the Eurex tax payer ID of the trading participants will be listed in the Personal Journal KD111 starting with the implementation of the CBF Release on 18 November 2013 This information makes it easier for customers to allocate US tax status to the trading participants 3 7 1 List layout English CLEARSTREAM BANKING AG MERGENTHALERALLEE 61 65760 ESCHBORN TEST BANK ANY STREET 123 DE
25. land SIS Custodian 50 Eurex Clearing AG 60 Krajowy Depozyt Papierow Wartosciow Poland 61 Interbolsa Porto Portugal 90 Clearing Partner Switzerland SIS 38 manual CSD link m alpha sear Version 7 8a 09 09 2013 7907000013 A KVAVIA 08 10 13 09 24 51 am Future CASCADE PC selection screens window help account connection between global clearing organisations customer of Clearstream Banking Frankfurt customer of all markets incl Clearstream Banking Frankfurt customer of all international markets customer of a certain market fo Clearstream Banking Frankfurt Germany window help account connection between global clearing organisations customer of Clearstream Banking Frankfurt customer of all markets incl Clearstream Banking Frankfurt C customer of all international markets customer of a certain market n Clearstream Banking Frankfurt Germany cancel Example for the information screen KVAV IA Current CASCADE PC selection screen CASCADE PC bank information clearing customer window full display help selection 06 Clearstream Banking Luxembourg Luxembourg alpha from alpha to a bank name customer clearing partner AGC FUNDSETTLE AMSTERDAM 24936 06 Clearstream Banking Luxembourg Luxembourg 5 RE FULLY TAX AMSTERDAM 15718 06 Clearstream Banking Luxembourg Luxembourg
26. nd processed even though the counter values in the delivery and match instruction do not completely correspond The decisive factor here is the monetary value of the delivery instruction BI CASCADE PC modify delete receipt block unblock TEFRA D release match service RS position transfer information RS account transfer instruction history conversion reservation service re conversion self collateralisation warrants detachment reattachment of bond and warrant unverified instructions modify delete display verify shareholder data new admission mark up registration withdrawal re registration displa positions instructions positions of certificates instruction history u IU U K i a uri display cash forecast booked movements modify accounting movements statistics block unblock instructions standing instructions delete custody and other payments final positions reverse deletion positions registered owners cash forecast rule position quet orders reservation instructions reconciliation totals standing instruction reservation checking totals cash account linking prioritisation of cash sources market rule inverified instructions modify delete cash monitoring RTS central bank money Euro commercial bank money
27. ng as well as those of its customers are protected in the event of any misunderstandings or transmission errors The areas in which the telephone conversations are recorded include Customer Services the Treasury Dealing Room and the Back Office The respective telephone lines are subject to constant maintenance to ensure proper operation This page has intentionally been left blank Contents 1 Clearing and Settlement Services u ie uma S e el ee eee oie eee eae 6 1 1 Changes in MT537 reporting Pending SE Trades ccccceseeececeseseeseseseeesesesenscecseeeceeeeeecetaceeseteeesesaeeeeess 6 1 2 New dally cash statement irr e ee ir iE ERE UNE Rr EE seceded 6 1 3 Change of the settlement deadline for GC Pooling transactions in EUR 6 1 4 Self collateralisation expansion of the eligible securities_ u 7 2 Version 7 9 4 ict ier pit ERE aR ae oa aa 8 2 1 Requesting personal inventory lists as a single order a 8 2 2 CASCADE system information currency parameter a nennen 9 2 3 Securities transfer warrant detachment re attachment sss 11 2 3 1 Warrant PE 12 2 3 2 Warrant re attachme nt P 15 3 Custody Services u esasa hl ec ie Rin A 18 3 1 MT564 Implementation of Two Events Scenarios
28. nhancements in the reporting for lending transactions as well as an overview about the foreign currencies top ups were published and sent to the customers of the CBF securities lending service This was required to enable timely changes to the automatic processing of the CSV reporting at customer side 5 Vaults Services sns For the planned consolidation of various vault accounts into fewer CBF internal nostro accounts the certificates deposited with CBF must be marked with a certificate specific code for later selection In this respect the table certificate specific characteristics is expanded by adding specific codes and the field characteristics is given a default value under the CASCADE transaction KVEW NV Furthermore the field series SEC CODE will no longer be displayed in the KVEW entry screens in the KVEB KVAA update screens in the control function KVEC as well as in the KVEI KVAl and KPHI information dialogues 5 1 Expansion of the table certificate specific characteristics The table is expanded by adding the grey shaded codes Table of certificate specific characteristics Table CKC9T03 Code Explanation 1 NORMAL BLOCK PACKAGE 2 WITHOUT COUPON SHEET 3 CERTIFICATE ONLY NO COUPON SHEET PRINTOUT 4 INDIVIDUAL CERTIFICATE CERTIFICATE GLOBAL COUPON SHEET 5 CERTIFICATE COUPON SHEET ASSIGNMENT 6 CERTIFICATE TALON ASSIGNMENT 7 MANUALLY ENTERED BL
29. on for manual cash bookings is not required Customers who have already ordered the MT566 for income and non income events will automatically receive the MT566 for manual cash bookings as well The message formats for the above options are described in the publication CBF SWIFT amp CBF Connectivity Changes November 2013 and in the CBF Connectivity Manual Part 3 Pre issue November 2013 3 4 Adjustments by the SWIFT SR 2013 and the Market Practice Groups Further specifications which are being implemented by CBF in relation to the SWIFT MT564 and MT566 messages relate to requirements from the National Market Practice Groups NMPGs and the Securities Market Practice Group SMPG The details for this are also described in the publication CBF SWIFT amp CBF Connectivity Changes November 2013 and in the CBF Connectivity Manual Part 3 Pre issue November 2013 3 5 Termination of the Custody Payments File Customers who receive the Custody Payments File should switch to reporting in SWIFT format MT564 566 as from 18 November 2013 In this respect affected customers are kindly requested to contact the Customer Service Connectivity as soon as possible This also applies for customers who currently still receive the Custody Payments File but who no longer need it Otherwise fees will be due in 2014 even when no income payments or compensations are made for the relevant account For customers who do not explicitly cancel the Custody Payments F
30. ourg Luxembourg further markets Version 7 9 Beta Build 004 6 2 KUSTA data carrier and KUSTA Internet file The layout of the KUSTA data carrier and the Internet KUSTA file in Excel format XLSX does not change In order to reduce the technical effort to a minimum the files will continue containing the participants data for the following markets 02 AUSTRIA OEKB 03 ESESFR 06 CLEARSTREAM CBL 07 EUROCLEAR 08 JAPAN 10 ITALY MT TITOLI 11 USADTCC 16 FINLAND EFI 20 DENMARK VP 22 NORWAY 25 SPAIN IBERCLEAR 26 GREECE HELEX 33 ESES FR 34 ESES NL 35 ESES BE 45 CREST 46 SWISS SIS CUSTODIAN 50 ECAG 90 SWISS SIS In subsequent releases CBF will delete in the files data of those participants to whom CBF no longer has an active link and in this way also adapt the content of the CASCADE selection mask KVAV Once CBF has migrated to T2S participant data of all In CSDs will be deleted as counterparties in cross border transactions will no longer be identified in T2S by means of proprietary participant codes In the KUSTA internet file the header line will change Current header ICP Participant number number Future header Market Participant number number Name Location Name Location KTS KTS Contact www clearstream com Published by Clearstream Banking Frankfurt Registere
31. rs for securitised certificates replacement certificate Pl Version 7 8a 09 09 2013 7907000010 B KVEW NV 08 10 13 09 29 04 am The field Series SEC CODE is no longer displayed Example CASCADE PC information order screen E CASCADE PC deposit new admission settlement information window help instruction no 928801 total nominal value 600 000 securities 7 CH0224507464 total nominal value sum 0 security out of series x increments numberlliteral idenomination certificate numbers for securitised certificates replacement certificate cancel 27 39 Version 7 8a 09 09 2013 7907000010 B KVALAA 08 10 13 09 39 59 am gt The field Series SEC CODE is no longer displayed Example CASCADE PC order history E CASCADE PC deposit new admission settlement window help instruction no 650803 total nominal value securities sn DEODODBOCFF7 total nominal value sum security out of series increments numberlliteral denomination certificate numbers For securitised certificates replacement certificate 4 P Version 7 88 09 09 2013 7907000010 B KVEWNV 08 10 13 09 29 04 am gt The field Series SEC CODE is no longer displayed 6 Preparatory measures steps for TARGET2 Securities E As one of the first preparatory measures for the implementation of TARGET2 Securities the CASCADE selection masks KVAV IA bank information alphabet
32. ruary 2014 If a claim is under collateralised after the second re evaluation due to corporate actions a request is sent to Deutsche Bundesbank to release the upcoming cash payment e When Deutsche Bundesbank confirms the release of the cash payment the cash proceeds are transferred to the customer at the earliest time possible e lf the release is not granted by Deutsche Bundesbank the cash proceeds will be blocked and transferred on the next morning to Deutsche Bundesbank As of 18 November 2013 the Xemac morning re evaluation will be performed as today Potential under collateralisations will not lead to automatic claim reductions anymore but to a claim decrease request to Deutsche Bundesbank which will be regularly processed If Deutsche Bundesbank rejects the claim decrease request securities with a collateral value of zero will be transferred by CBF in co ordination with Deutsche Bundesbank to accounts of Deutsche Bundesbank The Xemac evening reporting is produced as today based on the allocated collateral at end of day 17 45 and distributed to those customers around 19 30 who signed up for the Xemac allocated collateral MT569 report 4 1 4 Enhancement of Xemac client usability views 4 1 4 1 Change of Contract Definition Dt Bbk to NCB Clearstream All existing contract definitions with type Dt Bbk will be changed as follows If the responsible Institute is 7069 the contract definition type will be ch
33. s are shown below CASCADE PC reattachment of bond and warrant enter 1 window instruction no custody type for collective custody zl file no debit account 7926 000 credit account securities ISIN z OT nominal security type _ _ _ _ _ _ _ _ _ _8 unit 1 customer reference M 1 settlement date 30 07 2013 There are additional bookings charged to lL j ET 4 Version 7 8 Beta 7999260001 KVEE OZ 02 09 13 01 50 13 pm ASCADE PC reattachment window help instruction no 471100 custody type Jor collective custody file no debit account 7926 000 CBF WJOPT TREN U BOND STRIPPING credit account 000 securities v Z 7 5 STADA ARZNEIMITT MO 00 05 26 06 G CMM nominal security type lr gy unit eo customer reference y A A settlement date 30 07 2013 There are F additional bookings charged to 0 0001069557 7 5 STADA ARZNEIMITT OPTOO OS 26 06 6 1 000 0 0007251845 STADA ARZ AG KOS00 15 6 5 4 2 Version 7 8 Beta 7999260001 KVEINR 02 09 13 01 53 35 pm ajx ASCADE PC reattachment of bon instruction no 471100 custody type for collective custody file no debit account 7926 000 CBF W OPT TREN U BOND STRIPPING credit account securities
34. ta to allow the execution of the respective non income corporate action An MT564 with the processing status PREU PREC or COMP will also be generated for other fund information announced in advance that is not relevant in terms of UCITS IV and for which no dates are mentioned The respective reasons for exchange from the WM data field UD008A as well as the message format of MT564 For Info Only are described in the publication CBF SWIFT amp CBF Connectivity Changes November 2013 and in the CBF Connectivity Manual Part 3 Pre issue November 2013 3 3 MT566 confirmation for manual cash entries For cash bookings which were entered by CBF manually based on a corporate action income and non income MT566 confirmations will be sent after successful cash settlement via TARGET2 The confirmations will be sent at the current times of the MT566 income and in an additional transfer at 15 45 after the DD3 cash settlement Ifthere is a direct link between the manual cash booking and an event the MT566 confirmation contains the Corporate Action reference ID as well as other details about the event This means that the MT566 confirmation can be any of the following MT566 manual cash booking with link to an income event MT566 manual cash booking with link to a non income event mandatory or voluntary 566 manual cash booking without link to an event default 566 A separate setup request for the MT566 confirmati
35. ve settlement link to CBF The transaction codes for the alphabetic search TRAN KVAV FC IA and for the direct search TRAN KVAV FC IB will be retained Example for the selection screen KVAV IA Current CASCADE PC selection screen CASCADE PC selection bank information window help account connection between global clearing organisations customer of Clearstream Banking Frankfurt customer of all clearing organisations incl Clearstream Banking Frankfurt customer of all global clearing organisations customer of a certain clearing organisation fo Clearstream Banking Frankfurt Germany alpha search numeric search alpha search alpha from alpha to ok cancel Version 7 88 09 09 2013 7907000013 A KVAVIA 08 10 13 09 24 51 am CASCADE PC selection bank information window help account connection between global clearing organisations customer of Clearstream Banking Frankfurt customer of all clearing organisations incl Clearstream Banking Frankfurt customer of all global clearing organisations customer of a certain clearing organisation 01 Clearstream Banking Frankfurt Germany am Banking Frankfurt Germany 02 OEKB Austria 03 Euroclear ESES France CSD 06 Clearstream Banking Luxembourg Luxembourg 07 Euroclear Belgium 08 JSCC Japan 10 Monte Titoli Italy 11 DTC USA 16 Clearing Partner Finland 17 CREST Englan
36. ware for the Xemac version 5 5 is available for download on the Clearstream website www clearstream com as from November 1 2013 at the following path Information Centre Global Securities Financing Collateral Management Xemac Xemac Technical Specifications The Installation Manual is also available online on the website One of the key changes implemented through the new Xemac version 5 5 is to prepare for the technical implementation of the new corporate action business processes which will be introduced in production in February 2014 exact date will be published in due course 4 1 2 Enhancement of Xemac evaluation rules in November 2013 Xemac will introduce new re evaluation processes in the evening that apply to securities pledged in favour of Deutsche Bundesbank Firstly a re evaluation run will take into account new prices and eligibility criteria Subsequently an additional re evaluation run will consider upcoming corporate actions relating to cash Both re evaluations result if an under collateralisation claim cannot be fully collateralised by an automatic process Nachbesicherung in a forced reduction of the claim which is communicated to Deutsche Bundebank As part of the enhancement of the settlement times for Euro GC Pooling see 1 3 the deadline in Xemac for Eurex claim reductions as well as for automatic provisioning will be extended from 17 15 to 17 25 4 1 3 Introduction of new cash processes in Feb
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