Asset servicing – New Zealand

Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer.

Standard Asset Servicing reporting via Swift MT56x, Xact Web Portal and Xact File Transfer.

See Section “Asset servicing” of the relevant Client Handbook.

See Connectivity manuals on the Clearstream website.

Dividend proceeds are calculated based on the positions recorded at the close of business on the record date and paid to the client's account upon successful receipt and reconciliation of funds. Proceeds will be paid  with the value with which they are received. 

Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value.  

The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR.

For further details on entries qualified as ACL, please refer to the section “Financing: availability of funds” of the  relevant Client Handbook.

Standard reporting. Clearstream notifies clients of voluntary and mandatory unscheduled events on an “as and if received” basis.

No specific deviations from standard provided by Clearstream apply to the New Zealand market.

Clients may instruct Clearstream to carry out options foreseen in the terms and conditions of the underlying type of security, as well as those arising from unscheduled events.

Clients are requested to instruct within the deadlines and/or procedures specific to each type of event. In the absence of instructions from its client, Clearstream will apply a “default option” that may differ for each type of event.