Instruction specifications - Investment funds held directly on the register (CFF) - Xact via SWIFT and Xact File Transfer - International (CBL)

23.02.2017

Customers can instruct transfers of investment funds held directly on the register (CFF) by CBL using Xact via SWIFT and Xact File Transfer 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.

For investment funds issued on the Creation settlement platform, 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; Seq=SWIFT Message (sub)sequence.

 

 

 

MT540

 

 

Receive Free on the register

 

 

Seq

M

:22F:

:SETR

//TRAD

E

M

:95P:

:PSET

//CEDELULLXXX

E1

M

:95R:

:DEAG

/CEDE/FMA01 a

 

M

:95P:

:SELL

//Transferor’s BIC

 

or

:95Q:

:SELL

//Transferor’s name

 

or

:95R: b

:SELL

/CEDE/Transferor’s CBL account number

 

O

:97A:

:SAFE

//Transferor’s register account number

 
 



MT542



Deliver Free on the register



Seq

M

:22F:

:SETR

//TRAD

E

M

:95P:

:PSET

//CEDELULLXXX

E1

M

:95R:

:REAG

/CEDE/FMA01 a

 

M

:95P:

:BUYR

//Transferee’s BIC

 

or

:95Q:

:BUYR

//Transferee’s name

 

or

:95R: b

:BUYR

/CEDE/Transferee’s CBL account number

 

O

:97A:

:SAFE

//Transferee’s register account number

 

------------------------------------------
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.