IFS: CSDR charges for manual booking


In order to comply with the Central Securities Depositories Regulations (CSDR), Clearstream Bankingcontinues to apply necessary measures to prevent reconciliation breaks from occurring and takes action to resolve them when they happen. A new fee related to such action taken will be introduced.

Transfer in

A reconciliation break may result from transfer in of investment funds that are confirmed by the transfer agent but not yet instructed by the client (receipt of shares).

In that case, Clearstream Banking will advise the client that a transfer has been processed into their CBL account on the Transfer Agent’s register. Clients (transferee) should place the receipt of shares settlement instruction within five business days.

Impact on clients

If the client has not solved the break within five business days, Clearstream Banking will take action to comply with its obligations of reconciliation in accordance with CSDR and will take immediate action to instruct the settlement instruction of behalf of the client.

This manual effort will be charged to clients as per the Clearstream Banking Fee Schedule (CB08015100510 – Input of a client instruction).

Note: Deliver free instructions placed on behalf of clients in the event of a cancellation will not be charged.

Further information

For full details on CSDR, clients should refer to CSDR client readiness information on the website.

Further information is available from your dedicated Relationship Manager or Clearstream Banking’s Client Services teams.


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 clients 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.