Instruction specifications - Investment funds held directly on the register (CFF) - CreationOnline - International (CBL)

23.02.2017

Customers can instruct transfers of investment funds held directly on the register (CFF) by CBL using CreationOnline as per the following specifications. The counter instruction from the Fund Issuance Account (FIA) will confirm the transfer with specifications of trade date (that is, when the transfer agent’s register of shareholders was updated) and settlement date. CBL may adjust the customer’s instructed trade date and/or requested settlement date as required to match the counter instruction from the FIA.

For further information on transfers of CFF qualified investment funds, please see section 9.2 CFF Settlement and custody services in the Clearstream Banking Customer Handbook.

In the following table, M=Mandatory; O=Optional.

 

Receive Free on the register

M

Type of Settlement Transaction

Trade settlement

M

Place of Settlement

BIC

 

Party

CEDELULLXXX

M

Delivering Agent

Clearstream

 

Party

FMA01 a

M

Seller

BIC

 

Party

Transferor’s BIC

or

Seller

Name and Address

 

Party

Transferor’s name

or

Seller

Clearstream b

 

Party

Transferor’s CBL account number b

O

Account

Transferor’s register account number

 



Deliver Free on the register

M

Type of Settlement Transaction

Trade settlement

M

Place of Settlement

BIC

 

Party

CEDELULLXXX

M

Receiving Agent

Clearstream

 

Party

FMA01 a

M

Buyer

BIC

 

Party

Transferee’s BIC

or

Buyer

Name and Address

 

Party

Transferee’s name

or

Buyer

Clearstream b

 

Party

Transferee’s CBL account number  b

O

Account

Transferee’s register account number

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a. Or specify the FIA of the corresponding TA in CBL.
b. Use this option for internal transfers of investment funds subject to CFF transfer restrictions.