CASCADE: Extension to 6 decimal places for OneClearstream-eligible securities
Clearstream Banking AG, Frankfurt1 informs customers about the enhancement in the CASCADE position management allowing 6 decimal places. The implementation will be executed in two phases. The first phase, providing the technical implementation in CBF, will be effective
Monday, 18 November 2019
The final implementation is planned for the second quarter of 2020. CBF will provide the date in due time.
The details of the following CBF services affected by the extension are described in the attachment:
- CASCADE Online Functionality (HOST / PC);
- CASCADE Print Reports;
- CBF’s automated connectivity channels;
- DCP connectivity.
The customer simulation and cutover activities related to the two implementation phases are described as well.
Please contact our Client Services teams for questions regarding the functionality. Questions related to the technical connection can be addressed to our Connectivity Support teams. Particular questions related to the extension of the decimal places will be routed to the experts of the T2S Settlement Functionality team.
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.