Vestima: Enhancement of Swift MT54x messages to include client trade reference - Update

Note: This announcement, originally published on 31 August 2023, has been updated to provide clients with further information on settlement instructions. Changes have been highlighted. 

Clearstream Banking¹ informs clients that effective

20 November 2023

for “One Account” clients, and to ensure standardisation between alternative and mutual funds, all outgoing Swift MT54x messages linked to an order for alternative funds will be enhanced and include client internal trade reference in the field :20C::TRRF// (Deal Reference in subsequence A1).

In addition, TradePlace EXCH and TradePlaceNarr XVES will be added to every settlement instruction in the field ::94B::TRAD//EXCH/XVES.

Further information

For further information, please contact as appropriate:

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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 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.