South Africa: Settlement instruction format for debt securities

12.10.2017

Clearstream Banking1 advises customers that, with effect from

Wednesday 1 November 2017

there will be an update to the settlement instruction format for debt securities in South Africa.

Impact on customers

The following fields are no longer required:

Xact via SWIFT and Xact File Transfer

Sequence E

:22F:

:STAM

/STRA/USTN

:22F:

:BENE

//NBEN

CreationOnline

Stamp Duty Status

Beneficial Ownership Indicator

Xact Web Portal

Beneficial ownership

 Stamp duty tax basis

Customers are requested to send timely and correct settlement instructions to Clearstream Banking to avoid settlement delays. Settlement instruction formats for equities are unchanged.

Further information

The Creation Link Guide – South Africa will be updated accordingly.

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

 

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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 (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.