Austria: Reminder to use counterparty's new T2S account number

06.02.2017

Clearstream Banking1 reminds customers that when instructing in T2S for Austrian securities they must instruct using the counterparty’s new T2S account number, otherwise the instruction will be rejected by T2S.

Please do not instruct using a settlement date before 6 February 2017 otherwise the instruction will be rejected in T2S. Please use a settlement date of 6 February 2017 or later.

Xact via SWIFT and Xact File Transfer – Austria

Receive Free / Against Payment

Mandatory       :95P::DEAG//Counterparty’s BIC8 or BIC11

Optional           :97A::SAFE//OCSDxxxxxx Counterparty’s account in T2S

Deliver Free / Against Payment

Mandatory       :95P::REAG//Counterparty’s BIC8 or BIC11

Optional           :97A::SAFE //OCSDxxxxxx Counterparty’s account in T2S

Creation Online

Receive Free / Against Payment

Mandatory        Delivering Agent         Counterparty’s BIC8 or BIC11

Optional           Account                       OCSDxxxxxx Counterparty’s account in T2S

Deliver Free / Against Payment

Mandatory        Receiving Agent        Counterparty’s BIC8 or BIC11

Optional           Account                       OCSDxxxxxx   Counterparty’s account in T2S

Instruction specifications -  Xact via SWIFT and Xact File Transfer – Austria

MT540

Receive Free

Seq

O

:20C:

:COMM

//common referencea

A1

M

:98a:

:TRAD

//Trade date/time

B

O

:22F:

:TTCO

//CCPN or XCPNb

 

O

:22F:

:STCO

//NPARc

E

O

:22F:

:STCO

//NOMCc

 

M

:95P:

:PSET

//OCSDATWWXXX

E1

M

:95P:

:DEAG

//Counterparty’s BIC8 or BIC11 d

O

:97A:

:SAFEa

//OCSDxxxxxx  Counterparty’s account in T2S

O

:95P:

:SELLa

//Ordering party’s BIC8 or BIC11, if different from DEAG d

or

:95Q:

:SELL

//Ordering party’s name, if different from DEAG

 

or

:95R:

:SELLa

//Ordering party’s proprietary code, if different from DEAG

 

O

:97A:

:SAFE

//Ordering party’s account

O

:95a:e

:BUYR

//Beneficiary

 

MT541

Receive Against Payment

Seq

O

:20C:

:COMM

//common referencea

A1

M

:98a:

:TRAD

//Trade date/time

B

O

:22F:

:TTCO

//CCPN or XCPNb

 

O

:22F:

:STCO

//NPARc

E

O

:22F:

:STCO

//NOMCb

 

M

:95P:

:PSET

//OCSDATWWXXX

E1

M

:95P:

:DEAG

//Counterparty’s BIC8 or BIC11d

O

:97A:

:SAFEa

//OCSDxxxxxx  Counterparty’s account in T2S

O

:95P:

:SELLa

//Ordering party’s BIC8 or BIC11, if different from DEAG d

or

:95Q:

:SELL

//Ordering party’s name, if different from DEAG

 

or

:95R:

:SELLa

//Ordering party’s proprietary code, if different from DEAG

 

O

:97A:

:SAFE

//Ordering party’s account

O

:95a:e

:BUYR

//Beneficiary

 

MT542

Deliver Free

Seq

O

:20C:

:COMM

//common referencea

A1

M

:98a:

:TRAD

//Trade date/time

B

O

:22F:

:TTCO

//CCPN or XCPNb

 

O

:22F:

:STCO

//NPARc

E

O

:22F:

:STCO

//NOMCb

 

M

:95P:

:PSET

//OCSDATWWXXX

E1

M

:95P:

:REAG

//Counterparty’s BIC8 or BIC11 d

O

:97A:

:SAFEa

//OCSDxxxxxx  Counterparty’s account in T2S

O

:95P:

:BUYRa

//Beneficiary’s BIC8 or BIC11, if different from REAG d

or

:95Q:

:BUYR

//Beneficiary’s name, if different from REAG

 

or

:95R:

:BUYRa

//Beneficiary’s proprietary code, if different from REAG

 

O

:97A:

:SAFE

//Beneficiary’s account

O

:95a:e

:SELL

//Ordering Party

 

MT543

Deliver Against Payment

Seq

O

:20C:

:COMM

//common referencea

A1

M

:98a:

:TRAD

//Trade date/time

B

O

:22F:

:TTCO

//CCPN or XCPNb

 

O

:22F:

:STCO

//NPARc

E

O

:22F:

:STCO

//NOMCb

 

M

:95P:

:PSET

//OCSDATWWXXX

E1

M

:95P:

:REAG

//Counterparty’s BIC8 or BIC11 d

 

O

:97A:

:SAFEa

//OCSDxxxxxx  Counterparty’s account in T2S

O

:95P:

:BUYRa

//Beneficiary’s BIC8 or BIC11, if different from REAG d

or

:95Q:

:BUYR

//Beneficiary’s name, if different from REAG

 

or

:95R:

:BUYRa

//Beneficiary’s proprietary code, if different from REAG

 

O

:97A:

:SAFE

//Beneficiary’s account

O

:95a:e

:SELL

//Ordering Party

 

------------------------------------------
a. Optional matching fields.
b. Additional matching fields. 
c. Only provide in order to prevent partial settlement. OeKB only accepts indicators COEX/PARQ and COEX/PARC when instructing in ISO20022.
d. If a customer uses a BIC8, Clearstream Banking shall be entitled to modify the BIC8 by adding the default XXX suffix to comply with T2S settlement rules. Accordingly, such customers remain liable for any settlement fails that the use of the BIC8 may cause.
e. This optional matching field will be forwarded as received.  T2S will only match if provided with format BIC or proprietary.  If a customer uses a BIC8, Clearstream Banking will add the default XXX suffix to comply with T2S settlement rules. If not present, Clearstream will default the customer’s matching BIC for the instructing account (refer to Announcement A16119).

Instruction specifications - CreationOnline - Austria

Receive Free

O

Common Referencea

 

O

Partial Settlementb

Partial allowed (default in T2S)

Partial not allowed

M

Trade Date

M

Place of Settlement

BIC

Party

OCSDATWWXXX - Austria

M

Delivering Agent

BIC

 

Party

Counterparty’s BIC

O

Accounta

OCSDxxxxxx  Counterparty’s account in T2S

O

Sellera

BIC

Party

ordering party’s BIC

or

Seller

Name and Address

 

Party

ordering party’s Name

or

Sellera

Data source scheme

 

Party

ordering party’s proprietary code

O

Account

ordering party’s account

O

Other Parties

Type: Buyerc

Format: BIC, Name and Address or Data source scheme

O

Additional Indicators:

Type: Trade Transaction Condition Indicator

Code: Ex Coupon or Cum Coupond

O

Additional Indicators:

Type: Settlement Transaction Condition Indicator

Code: No Automatic Market Claimd

Receive Against Payment

O

Common Referencea

 

O

Partial Settlementb

Partial allowed (default in T2S)

Partial not allowed

M

Trade Date

M

Place of Settlement

BIC

Party

OCSDATWWXXX - Austria

M

Delivering Agent

BIC

 

Party

Counterparty’s BIC

O

Accounta

OCSDxxxxxx  Counterparty’s account in T2S

O

Sellera

BIC

Party

ordering party’s BIC

or

Seller

Name and Address

 

Party

ordering party’s Name

or

Sellera

Data source scheme

 

Party

ordering party’s proprietary code

O

Account

ordering party’s account

O

Other Parties

Type: Buyerc

Format: BIC, Name and Address or Data source scheme

O

Additional Indicators:

Type: Trade Transaction Condition Indicator

Code: Ex Coupon or Cum Coupond 

O

Additional Indicators:

Type: Settlement Transaction Condition Indicator

Code: No Automatic Market Claimd

Deliver Free

O

Common Referencea

 

O

Partial Settlementb

Partial allowed (default in T2S)

Partial not allowed

M

Trade Date

M

Place of Settlement

BIC

Party

OCSDATWWXXX - Austria

M

Receiving Agent

BIC

 

Party

Counterparty’s BIC

O

Accounta

OCSDxxxxxx  Counterparty’s account in T2S

O

Buyera

BIC

Party

beneficiary’s BIC

or

Buyer

Name and Address

 

Party

beneficiary’s Name

or

Buyera

Data source scheme

 

Party

beneficiary’s proprietary code

O

Account

beneficiary’s account

O

Other Parties

Type: Sellerc

Format: BIC, Name and Address or Data source scheme

O

Additional Indicators:

Type: Trade Transaction Condition Indicator

Code: Ex Coupon or Cum Coupond 

O

Additional Indicators:

Type: Settlement Transaction Condition Indicator

Code: No Automatic Market Claimd

Deliver Against Payment

O

Common Referencea

 

O

Partial Settlementb

Partial allowed (default in T2S)

Partial not allowed

M

Trade Date

M

Place of Settlement

BIC

Party

OCSDATWWXXX - Austria

M

Receiving Agent

BIC

Party

Counterparty’s BIC

O

Accounta

OCSDxxxxxx  Counterparty’s account in T2S

O

Buyera

BIC

Party

beneficiary’s BIC

or

Buyer

Name and Address

 

Party

beneficiary’s Name

or

Buyera

Data source scheme

 

Party

beneficiary’s proprietary code

O

Account

beneficiary’s account

O

Other Parties

Type: Sellerc

Format: BIC, Name and Address or Data source scheme

O

Additional Indicators:

Type: Trade Transaction Condition Indicator

Code: Ex Coupon or Cum Coupond 

O

Additional Indicators:

Type: Settlement Transaction Condition Indicator

Code: No Automatic Market Claimd

------------------------------------------
a. Optional matching fields.
b. Only provide in order to prevent partial settlement. OeKB only accepts indicators COEX/PARQ and COEX/PARC when instructing in ISO20022.
c. This optional matching field will be forwarded as received.  T2S will only match if provided with format BIC or proprietary. If not present, Clearstream will default the customer’s matching BIC for the instructing account (refer to Announcement A16119).
d. Additional matching fields. 

Further information

The Creation Link Guide Austria has been updated to clarify the instruction specifications.

For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
----------------------------------
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 (for Clearstream Banking Frankfurt customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.