Vestima: June enhancements for Order Issuers and Master Participants
Clearstream Banking1 informs clients that Vestima will be further enhanced as of
10 June 2024.
Clients should refer to Announcement A23089 for previous information.
Impact on Order Issuers (OIs)
New columns in Order Book download
Two new columns will be added to the Order Book download:
- Order Security Settlement Status2 (column AP);
- Order Cash Settlement Status2 (column AQ).
The order of the columns will remain the same (that is, “Clearing Broker: Identifier” will be moved to AR). Clients should refer to the full description in the Vestima User Guide for Order Issuers in Chapter 4 “Export Order book and similar templates”.
Preferred portfolio option
OIs will be able to save their preferred portfolio at user level. This can be done via:
“User preferences - User settings – Preferred portfolios.”
The preferred portfolio will be pre-filled and editable in the pre-order window and on the manual task window from the Trading Availability Check.
Trading Availability Check enhancements
- A unique ID will be allocated to each task in the task window, enhancing tracking capabilities.
- The “Trading Availability Check Task List" report will be aligned with the task window (see the file content below).
- The “task window csv download” will be aligned with the task window (see the file content below).
Changes in the files, as per 2 and 3, are highlighted in bold:Column
Content
A
Unique ID
B
TASK NAME
C
TYPE
D
PORTFOLIO
E
ISIN
F
COMMON CODE
G
FUND NAME
H
STATE
I
CREATED BY
J
CREATION DATE
K
LAST UPDATED
L
INTERIM STATUS
M
COMMENT
N
TRADABLE ISIN
O
TURNAROUND FOR TRADING CHAIN SETUP
P
LAST COMMENT
- Trading Availability Check access at portfolio level: Clients will have the option to grant access to the Trading Availability Check at the portfolio level instead of the participant level. This allows for more granular control over access permissions.
Switch in one line
Under “Order processing – File upload – Template”, OIs will be able to create a new Flexi File template that allows placing a switch in one line via file upload.
Single Trading Limit for VestimaPRIME funds
The single Order Trading Limit will be extended to funds with FPG VestimaPRIME.
Impact on Master Participants (MPs)
A new column labeled "OI Reference" will be added between the "OI Name" and "OHA Name" columns in both the Order Book and Cancellation Request Book screens.
Vestima decommissioning
Clearstream Banking informs clients that the legacy Vestima system will be decommissioned on 31 December 2024 for all OIs. There will be no change in access rights during this transition.
Important Note: For OIs who utilise the “downloaded Order Book” functionality, it is essential to be aware that the new Vestima Order Book includes additional columns, which will impact the file download. Detailed information about these columns can be found in the Vestima User Guide for Order Issuers.
Further information
Further information is available from your dedicated Relationship Manager or Clearstream Banking’s Client Services teams.
Clearstream Banking | |
Email: | |
Telephone: | +352-243-32833 |
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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.
2. These values will be disclosed only for Order Issuers (OIs) with STP settlement options and for trades on funds FPG Vestima.