VestimaPRIME: Change of cash debit instruction type following a subscription order

12.10.2022

Clearstream Banking1 informs customers that effective

21 November 2022

for all Order Issuers (OIs) subscribing in a fund with fund processing group VestimaPRIME, the internal cash instruction type to debit the subscription amount will change from an instruction type 90 to instruction type 9x. This change will allow a higher level of straight-through-processing (STP) for credit and collateral checks.

Technical changes

SWIFT message MT940 will now bear the wording 9VX in field :86: to specify that the instruction type used is 9x.

Further information

For further information, customers may contact their Clearstream Banking Relationship Manager, or alternatively, Client Services within Investment Funds Services via:

Clearstream Banking
Vestima Client Services

Email:

csvestima@clearstream.com

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 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.