Sweden: SWIFT, Xact Web Portal and CreationOnline messages to replace BO Uploads for relief at source
Clearstream Banking1 informs customers that effective
1 August 2019
customers are requested to submit their per-payment instruction, if applicable, via SWIFT (formatted MT565), Xact Web Portal or CreationOnline message, when requesting relief at source on dividends from Swedish equities and no longer via the Clearstream BO Upload function.
For full formatting requirements of these instructions, customers should refer to the event notification, the Customer Handbook and Announcement C18050.
Impact on customers
To allow customers sufficient time to adapt to the new instruction requirements, Clearstream Banking will accept relief at source requests submitted via the current BO Upload function until 31 July 2019. Customers are, however, strongly encouraged to already start submitting per-payment instructions as per the above new requirement.
As of 1 August 2019, Clearstream Banking will no longer accept per-payment instructions submitted via the BO Upload function and only accept per-payment instructions submitted via SWIFT (formatted MT565), Xact Web Portal or CreationOnline message.
The procedure for quick refund request remains unchanged and customers may continue to submit these requests via the BO Upload function, together with other required documentation.
For further information, customers may contact Clearstream Banking Client Services, their Relationship Officer or Tax Help Desk.
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.