Thailand: Change to settlement instruction specifications for fixed income securities - Revision
Note: This announcement originally published on 26 May 2015 has been updated to reflect the change of implementation date, following an announcement from the Thailand Securities Depository. The effective date is now set for August 2015 (postponed from 2 June 2015) with exact date to be announced in due course.
Clearstream Banking1 advises customers that, effective in
a counterparty’s segregated depository account number will be required in customers' settlement instructions for all fixed income transactions via the Thailand Securities Depository Co. Ltd (TSD), in order to enable straight-through processing.
This new instruction requirement has been agreed by all custodians in the market and will follow implementation of a new TSD account structure, effective 2 June 2015, to support the Pre-Settlement Matching System.
Impact on customers
The change to settlement instruction requirements will apply to fixed income securities including corporate debt securities and government debt securities (Treasury bills, government bonds, the Bank of Thailand Bonds, state-owned bonds).
Settlement instruction specifications
Customers must inform their counterparties to include Clearstream Banking’s segregated depository account number, 3041245042390 in the Seller/Buyer Safekeeping Account field :97A:: as follows:
:95P::REAG// or :95P::DEAG//HSBCTHBK
:95P::SELL// or :95P::BUYR//CEDELULL
Customers are required to include their counterparty's segregated depository account number, as follows:
:95P::REAG// or :95P::DEAG//XXXXXXXX (counterparty's BIC)
:95P::SELL// or :95P::BUYR//XXXXXXXX (ordering party or beneficiary's BIC)
:97A::SAFE//XXXXXXXXXXXXX (counterparty's segregated depository account
Receiving/Delivering Agent XXXXXXXX (counterparty’s BIC)
Seller/Buyer XXXXXXXX (ordering party or beneficiary’s BIC)
Account XXXXXXXXXXXXX (counterparty’s segregated depository account number)
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to 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, and 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.