As a part of its continuous improvement to comply with the Securities Market Practice Group (SMPG) standards and in anticipation of the future implementation of the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Corporate Actions Standards and the Eurosystem Collateral Management System (ECMS), Clearstream Banking1 will support the MT567 Corporate Action Status and Processing Advice effective
8 April 2024
The new MT567 Corporate Action Status and Processing Advice will be provided when the default action is executed by Clearstream Banking for voluntary and mandatory with choice events where the default action is different from “No Action”. Clearstream Banking will send the default action applied for events with the following options, cash, securities or cash and securities in case of subscription by the clients.
Message example:
:23G:INST/Function of the message
:25D::IPRC//DFLA Status code
Clients can subscribe to the new message in Xact Web Portal under Reporting & Monitoring, Report Centre, Manage report Subscriptions, by selecting “Default Instructions” in the “Report details” tab.
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Further information
The Xact via Swift User Guide and the Xact Web Portal User Manual will be updated accordingly.
For further information, please contact Clearstream Banking Client Services.
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1. Clearstream Banking refers collectively to Clearstream Banking 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-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
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