Announcement

CSDR Cash Penalties: Changes in field Cash Account of the Monthly MT537 PENA report

Connectivity | Settlement

Reference

Code
C26022
Service level
CBL | 6-series account | CEU OneClearstream
Last Updated
15.05.2026

Clearstream1 informs clients that effective

15 June 2026

for clients using a Penalty Dedicated Account (PDA) and a Single Cash Account (SCA), the account reported in the monthly MT537 PENA subsequence D1 (CASH) field :97a: account: Cash Account will consider the Penalty Dedicated Account (PDA) and any associated Single Cash Account (SCA) relation.

Current situation

If the client uses a PDA, then field :97a: account: Cash Account in subsequence D1 (CASH) will display the account number of that PDA.

Otherwise, field :97a: account will display the account number of the client.

Future situation

  • If neither a PDA nor any SCA are used, the client account will be reported in field :97a: account.
  • If a client PDA is used with an SCA linked to it, the linked SCA will be reported.
  • If a client PDA is used with no SCA linked to it, the PDA will be reported. The same applies when an SCA exists at client account level, that is, a SCA linked to the client account will not override the PDA.
  • If no client PDA is used but an SCA is linked to the client account, the SCA will be reported.

Important Note:

This reporting change does not alter the actual monthly penalties payment process via Payment Free of Delivery (PFoD) settlement instructions:

  • If a client PDA is used, PFoDs are generated against this PDA;
  • If no PDA is used, PFoDs are generated against the client securities account.

Further information

For further information, please contact the Clearstream Connectivity Helpdesk or your Relationship Officer.

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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.