CFF: M&G Investment funds migrate to new Fund Issuance Account

Effective

Monday 15 January 2018

M&G Investment funds shares handled by RBC Investor Services Bank as Order Handling Agent, and listed in the attached spreadsheet, will migrate to a new Fund Issuance Account.

All customers of Clearstream Banking¹ that hold positions in these investment fund shares will continue to benefit from the CFF process and services.

Migration details 

Timeline for process adaptations:

1. Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD. No action is required by Clearstream Banking account holders.
2. Pending primary market instructions that are not instructed against new FIA 10718 on MD will not be executed and will be rejected by Clearstream.
3. All trades with settlement date MD and later will use the CFF processes and settle against FIA 10718 in Clearstream Banking, as listed in the associated spreadsheet.

Further information

For more detailed information about CFF please refer to the Clearstream Banking Customer Handbook.

For further information, please contact as appropriate:

For more general information regarding Clearstream Banking products and services, customers may contact 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.

2. Customers can use the Fund Market Account of CFF (“FMA01”) as Counterparty account in their settlement instructions.