Announcement

CFF: Goldman Sachs Fund, plc T+0 and T+1 move to delivery versus payment

Vestima

Reference

Code
A21045
Service level
CBL
Last Updated
22.04.2021

Clearstream Banking1 would like to inform customers that effective

Monday, 26 April 2021

all T+0 and T+1 funds linked to Goldman Sachs Fund, plc will change settlement method for subscriptions from free of payment to delivery against payment.

Migration details

Scope:

Goldman Sachs Fund, plc T+0 and T+1 Funds (please refer to the attached spreadsheet)

Migration Day (MD):

Monday, 26 April 2021

Fund Issuance Account (FIA) (remains unchanged):

105362

VestimaPRIME cut-off for orders (remain unchanged):

13:00 CET for GBP, EUR and JPY funds

16:00 for USD funds

Settlement:

Delivery and receipt against payment:

Clearstream Banking S.A. CEDELULLXXX on account 10536 in the name of Goldman Sachs Funds, plc.

Timeline for process adaptations

  • All subscriptions sent before cut-off on Friday, 23 April 2021 will settle free of payment.
  • All subscriptions sent after cut-off on Friday, 23 April 2021 will settle against payment.
  • No change to transfers.
  • No change to Fund Issuance Account (FIA).

Further information

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

For further information, please contact as appropriate:


Clearstream Banking
Vestima Client Services

Email:

csvestima@clearstream.com

Telephone:

+352-243-32833

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.