Further to Announcement D23053, Clearstream Banking1 is committed to assisting clients to prepare the implementation of the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Standards and of the Eurosystem Collateral Management System (ECMS).
Therefore, Clearstream Banking will offer clients the possibility to test the enhancements resulting from the implementation of SCoRE and ECMS during three dedicated testing windows according to the following preliminary timeline:
Scope
Test window
Test registration deadline
Phase 1
Corporate Actions (ISO 15022 format)
4 March 2024 -
29 March 2024 (preliminary)
31 January 2024
Phase 2
Triparty Collateral Management (ISO 15022 format)
Between end June 2024 and early September 2024 (exact dates to be confirmed)
To be announced.
Phase 3
Corporate Actions (ISO 20022 format)
October 2024 (exact dates to be confirmed)
To be announced.
Phase 1: Corporate Actions Standards (ISO 15022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
Xact via Swift;
Xact via File Transfer;
Xact Web Portal.
Messages in scope are the following:
Message identifier
Message definitions
MT564
Corporate Action Notification
MT565
Corporate Action Instruction
MT566
Corporate Action Confirmation
MT567
Corporate Action Status and Processing Advice
Phase 2: Triparty Collateral Management (ISO 15022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Triparty Collateral Management, including enhancements resulting from the implementation of SCoRE and ECMS.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
Xact via Swift;
Xact via File Transfer;
Xact Web Portal.
Further to the connectivity between clients and Clearstream Banking, clients will have the opportunity to test the end-to-end flow with ECMS and view in ECMS the end result of the actions they have taken in Clearstream Banking.
Messages in scope are the following:
Message identifier
Message definitions
MT527
Triparty Collateral Instruction
MT558
Triparty Collateral Status and Processing Advice
MT569
Triparty Collateral and Exposure Statement for Collateral Giver
Phase 3: Corporate Actions Standards (ISO 20022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 20022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
Xact via Swift;
Xact via File Transfer;
Xact Web Portal.
Message identifier
Message definition
seev.031
Corporate Action Notification
seev.032
Corporate Action Event Processing Status Advice
seev.033
Corporate Action Instruction
seev.034
Corporate Action Instruction Status Advice
seev.035
Corporate Action Movement Preliminary Advice
seev.036
Corporate Action Movement Confirmation
seev.037
Corporate Action Reversal Advice
seev.039
Corporate Action Cancellation Advice
seev.040
Corporate Action Instruction Cancellation Request
seev.041
Corporate Action Instruction Cancellation Request Status Advice
seev.044
Corporate Action Movement Preliminary Advice Cancellation Advice
Participation in client testing
Clients wishing to participate in the testing must register. Test registration forms for each phase, as well as practical information on testing (including detailed test cases description, event calendars, and ISINs available for testing) will be made available in due course, in the attachments below and on the Clearstream ECMS web page.
Further information
If clients have further questions, please do not hesitate to contact us at ECMS.programme@clearstream.com.
For further information, clients may contact Clearstream Banking Client Services or their Relationship Manager.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.
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