Instruction specifications - CASCADE - CEU - U.S.A.

Market Coverage | CASCADE | USA

Reference

Service level

CEU OneClearstream

Last Updated

29.05.2026

This page contains Governing Information.

CASCADE - Deliver (KVEE/WE)

Deliver free

Counterparties in US (DTC)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Gut-Kto	DTCYUS33XXX
M	Empfaenger-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33XXX if not known ^b
M	Empfaenger-P1 - SAC	DTCC ID ^b
O	Empfaenger-P2 - BIC	Beneficiary Party's BIC
O	Empfaenger-P3 – SAC	Beneficiary’s account ^c

Delivery against Payment (DvP)

Counterparties in US (DTC)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Gut-Kto	DTCYUS33XXX
M	Gegenwert	Cash amount (in USD)
M	Empfaenger-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33 if not known) ^b
M	Empfaenger-P1 - SAC	DTCC ID ^b
O	Empfaenger-P2 - BIC	Beneficiary Party's BIC
O	Empfaenger-P3 - SAC	Beneficiary’s account ^c

CASCADE - Receipt (KVEE/MI)

Receive Free

Counterparties in US (DTC)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Last-Kto	DTCCYUS33XXX
M	Lieferer-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33 if not known) ^b
M	Lieferer-P1 - SAC	DTCC ID ^b
O	Lieferer-P2 - BIC	Beneficiary Party's BIC
O	Lieferer-P3 - BIC	Beneficiary’s account ^c

Receive against payment (RvP)

Counterparties in US (DTC)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Last-Kto	DTCYUS33XXX
M	Gegenwert	Cash amount (in USD)
M	Lieferer-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33XXX if not known) ^b
M	Lieferer-P1 - SAC	DTCC ID ^b
O	Lieferer-P2 - BIC	Beneficiary Party's BIC
O	Lieferer-P3 - SAC	Beneficiary`s account ^c

CASCADE - Deliver (KVEE/WE)

Deliver free

Counterparties in US (FED)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Gut-Kto	FRNYUS33XXX
M	Empfaenger-P1 - BIC	BIC 11 of the counterparty (or FRNYUS33XXX if not known)
M	Empfaenger-P1 - SAC	Counterparty's ABA number ^d
M	Empfaenger-P2 - SAC	Ordering party's mnemonic, as per wire address ^l
M	Empfaenger-P3 – BIC	Beneficiary’s BIC
O	Empfaenger-P4 - SAC	Beneficiary’s account ^c

Delivery against Payment (DvP)

Counterparties in US (FED)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Gut-Kto	FRNYUS33XXX
M	Empfaenger-P1 - BIC	BIC 11 of the counterparty (or FRNYUS33XXX if not known)
M	Empfaenger-P1 - SAC	Counterparty's ABA number ^d
M	Empfaenger-P2 - SAC	Ordering party`s mnemonic, as per wire address ^a
M	Empfaenger-P3 – BIC	Beneficiary’s BIC
O	Empfaenger-P4 - SAC	Beneficiary’s account ^c

CASCADE - Receipt (KVEE/MI)

Receive Free

Counterparties in US (FED)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Last-Kto	FRNYUS33XXX
M	Lieferer-P1 - BIC	BIC11 of the counterparty or FRNYUS33XXX if not known
M	Lieferer-P1 - SAC	Counterparty`s ABA number ^d
M	Lieferer-P2 - SAC	Ordering party`s mnemonic, as per wire address ^l
M	Lieferer-P3 - BIC	Beneficiary’s BIC
O	Lieferer-P4 - SAC	Beneficiary’s account ^c

Receive against payment (RvP)

Counterparties in US (FED)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Gegenwert	Cash amount (in USD)
M	Last-Kto	FRNYUS33XXX
M	Lieferer-P1 - BIC	BIC11 of the counterparty or FRNYUS33XXX if not known)
M	Lieferer-P1 - SAC	Counterparty`s ABA number ^d
M	Lieferer-P2 - SAC	Ordering party`s mnemonic, as per wire address ^l
M	Lieferer-P3 - BIC	Beneficiary’s BIC
O	Lieferer-P4 - SAC	Beneficiary’s account ^c

CASCADE - Deliver (KVEE/WE)

Deliver free

Counterparties in US (DWAC-FOP)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Text	Shareholder registration name ^g
M	Gut-Kto	DTCYUS33XXX
M	Empfaenger-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33XXX if not known)
M	Empfaenger-P1 - SAC	3122 ^h
O	Empfaenger-P2 - TXT	Beneficiary's name, if different from Empfaenger-P1

CASCADE - Receipt (KVEE/MI)

Receive Free

Counterparties in US (DWAC-FOP)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Text	Shareholder registration name ^g
M	Last-Kto	DTCYUS33XXX
M	Lieferer-P1 - SAC	3122 ^h
O	Lieferer-P2 - TXT	Beneficiary name, if different from Lieferer-P1

CASCADE - Deliver (KVEE/WE)

Deliver free

Counterparties in US (DRS-FOP)
M	Last-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Text	DRS Request, complet client registration name, account number at the Transfer Agent, U.S. Citizen Tax ID ^i,j
M	Gut-Kto	DTCYUS33XXX
M	Empfaenger-P1 - BIC	BIC of Participant in DTCC (or DTCYUS33XXX if not known)
M	Empfaenger-P1 - SAC	3199 ^k
M	Registration Details	Registration Details – Name of the person or company to be registered/street/town or post code/country

CASCADE - Receipt (KVEE/MI)

Receive Free

Counterparties in US (DRS-FOP)
M	Gut-Kto	T2S PARTY BIC of CEU participant (alternative 4-digit account master or 7-digit account)
O	Referenz-Nr.	Common Trade Reference ^a
M	Schlusstag	Trade Date
M	Text	DRS Request, complete client registration name, account number at the Transfer Agent, US Citizen Tax ID ^i,j
M	Last-Kto	DTCYUS33XXX
M	Lieferer-P1 - SAC	3199 ^k
M	Registration Details	Registration Details – Name of the person or company to be registered/street/town or post code/country

___________________________________________________________________

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.

b. Party 1 Safe must populated together with Party 1 BIC, it must be populated with DTC ID code of the counterparty. Counterparty's BIC will not be forwarded to the depository. Only the DTC ID will be forwarded to the depository (:95R::REAG/DTCYID/DTC id code)

Important: The DTC code must be provided without DSS DTCYID, that is, the client must input DTCC ID code without DTCYID.

c. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, clients are strongly urged to provide them.

d. Party 1 Safe must populated together with Party 1 BIC, it must be populated with ABA number of the counterparty. Counterparty's BIC will not be forwarded to the depository. Only the ABA number will be forwarded to the depository (:95R::REAG/USFW/counterparty’s ABA number)

Important: The Fedwire code must be provided without DSS USFW, that is, the client must input 97A::SAFE//xxxxxxxxx and NOT 97A::SAFE/USFW/xxxxxxxxx

e. The transfer agent must be contacted to confirm that all the necessary paperwork has been completed before instructing the DWAC. Please also note that alternatively to SWIFT MT540/MT542 settlement messages, clients can instruct DWAC via SWIFT MT565 asset servicing messages. Please refer to CBL Client Handbook for further information.

f. In the case of a two-sided DWAC (for example, when Reg S tranches are being exchanged for Rule 144A tranches or vice-versa), the counterparty’s name and telephone number must be entered. If Reg S tranches are being exchanged for Rule 144A tranches, clients should make DWAC withdrawal of the Reg S tranche and their counterparty should make DWAC deposit of the Rule 144A tranche. In the case of a one-sided DWAC (used, for example, in conversions), the telephone number must be entered of the transfer agent who can confirm whether all the necessary paperwork has been completed.

g. The shareholder registration name is mandatory only for shares priced at less than USD 1.00. There is a 78-character limitation for DTC.

h. For conversions from Rule 144A into Reg S where Citibank London is acting as transfer agent, clients are requested to provide related instruction references via a free-format message to the Settlement team in charge of the U.S. market at the latest by 18:00 CET on SD-1. Clients are also requested, for conversions involving MMI issues only and where Citibank London is acting as transfer agent, to instruct via DTC counterparty 2952 as per standard book-entry instructions with counterparties in DTC.

i. The Tax ID number is only required if the registered owner is a U.S. citizen; otherwise, “TAX ID 999999999” must be entered. If the Tax ID is populated with “0” instead of “9”, the instruction will be rejected.

j. A comma separator (,) must be present between each item and the order of details must be followed; Any other characters (hyphen, dash, slash…) used instead of the comma separator will cause rejection and settlement delay.

k. Empfaenger-P1 – SAC must be populated with 3199. Counterparty's BIC will not be forwarded to the depository. Only the DTC ID will be forwarded to the depository (:95R::REAG/DTCYID/DTC id code)

Important: The DTC code must be provided without DSS DTCYID, that is, the client must input DTCC ID code without DTCYID.

l. In the outbound message to the depository, the SAFE value provided in this field will be mapped to the REAG SAFE.