Asset Services: Enhanced corporate actions reporting for mandatory Partial Redemption events (MAND PRED)
Reference
Clearstream1 informs clients that it will enhance corporate actions reporting for mandatory Partial Redemption events (MAND PRED), effective
30 November 2026
with the reporting of both the pool factor reduction rate (RATE) and the applicable Cash offer/Redemption price (OFFR).
Benefit for clients
The reporting of RATE and OFFR will provide more accurate reporting when securities are redeemed at a price other than 100% (at a premium or discount).
The following messages will display both the rate and price fields:
Swift | Message Types | Field / Element | Content / Behaviour |
ISO 15022 | MT564 (NEWM, REPL, REPE) MT566 (NEWM, REVR) | :92A::RATE// | Continues to report the pool factor reduction rate as today. |
:90A::OFFR// | Reports the actual received offer/redemption price (instead of defaulting to 100%). | ||
ISO 20022 | seev.031 seev.035 seev.036 seev.037 | <AplblRate>/<Rate> | Continues to report the applicable reduction rate as today. |
<GncCshPricRcvdPerPdct>/<PctgPric>/<PctgPricTp>/<PricVal> | Reports the actual received offer/redemption price. |
Further information
For further information, please contact Clearstream Client Services or your Relationship Manager.
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1. Clearstream 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 Europe AG, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500. Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.