CFF: MULTI CHALLENGE SICAV funds (LU ISINS) migrate to CFF

Effective

Monday 22 November 2021

all funds handled by HSBC France Luxembourg Branch 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, and also from the standard CFF pricing (FMG A).

Migration details

Timeline for process adaptations

• Clearstream Banking will automatically transfer all positions in the overnight processing preceding MD-1. No action is required by Clearstream Banking account holders.
• All trades with settlement date MD and later will use the CFF processes and settle against FIA 10027 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.