ClearstreamXact: New subscription for MT568 and MT599

30.11.2018

Effective

3 December 2018

Clearstream Banking1 will introduce a new subscription for the ISO 15022 message flow via Xact Web Portal. The transmission of the following ISO messages:

  • MT568 Corporate Action Narrative; and
  • MT599 Free-format Message

sent by Clearstream Banking to customers containing narrative details, text information and details on complex custody events can be routed on customer demand.

Customer benefits

At present, when Clearstream Banking sends an MT568 or MT599 the message is sent to the default channel set up in Clearstream Banking’s systems and the technical receiver BIC is defined for the account referenced in the message.

With the new report subscription customers will have the possibility to specify the most appropriate channel, BIC and accounts for their internal routing.

Report content  

The MT599 and MT568 contain manually generated free-format messages sent by Clearstream Banking about any topic.

Report channel/format/frequency

Depending on the selected frequency, the messages will be sent on a single message basis in real time, or as a batch of messages, as shown in the table below.

The following channel, format and frequency combinations will be supported:

Channel

Format

Frequency

Xact via SWIFT

ISO

Real time

Xact Web Portal

ISO

Every 15 minutes

Xact File Transfer

ISO

Every 15 minutes

Report subscription

Customers can set up their subscription in Xact Web Portal or it can be set up, exceptionally by Clearstream Banking.

Note: The channel, BIC and account combination must be authorised in Clearstream Banking’s systems.

Further information

For further information, please contact the Clearstream Connectivity Helpdesk.

-----------------------------------------

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.