CFF: Vontobel funds (CH ISINS) migrate to CFF

Effective

Monday 14 October 2019

all funds handled by Vontobel Asset Management as Order Handling Agent, and listed in the attached spreadsheet, will use the Central Facility for Funds (CFF) service.

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

Migration details

Timeline for process adaptations

• Customers are recommended to instruct transfers by end-of-day MD-4 in order to ensure execution before the migration.
• Instructions that do not follow the CFF processes can be executed, at the latest, on the business day MD-1.
• Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD-1. No action is required by Clearstream Banking account holders.
• Pending transfers that do not follow the CFF processes on MD will not be executed and must be cancelled by customers. If the transfers are not cancelled by the customers, Clearstream Banking reserves the right to cancel the instructions on customer’s behalf.
• All trades with settlement date MD and later will use the CFF processes and settle against FIA 10785 in Clearstream Banking, as listed in the associated spreadsheet.
• All corporate actions with Record Date MD and later will use the CFF process.
• The Bridge will be closed at 12:00 on 11 October 2019.

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.