Nasdaq Dubai: Change of depository - cutover information
Further to Announcement A19119, Clearstream Banking1 informs customers of a change of depository for its link to Nasdaq Dubai.
Effective Settlement Date
25 November 2019
Deutsche Securities & Services, Dubai Branch will replace Deutsche Bank AG, Amsterdam Branch as Clearstream Banking’s depository.
Customers are requested to take note of Clearstream Banking’s new depository details as follows and to update their records and advise their counterparties accordingly.
New depository details
Deutsche Securities and Services, Dubai Branch
401 Maze Tower
P.O. Box 125126
Dubai, UAE
Depository Code: 5D
SWIFT address: DEUTAEAD
Securities account number: 20025334005
Clearstream National Investor Number (NIN): DB00043804
Clearstream NIN Name: Clearstream Banking S.A. Nominee A/C
Settlement timings
As a result of the change of depository, the following settlement deadlines will be updated:
Note: All times in this announcement are CET unless otherwise stated.
Instruction | New deadline from 25 November 2019 | |
Equities, DRs, ETFs | ||
Receipts | FOPa | 15:55 SD-1 |
AP | 15:55 SD-1 | |
Deliveries | FOPa | 15:55 SD-1 |
AP | 15:55 SD-1 | |
Fixed Income Instruments | ||
Receipts | FOPa | 15:55 SD-1 |
AP | 15:55 SD-1 | |
Deliveries | FOPa | 15:55 SD-1 |
AP | 15:55 SD-1 | |
a. Free of payment transactions with change of beneficial owner are not permitted.
The deadlines shown above are valid provided that the customer's instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market. Customers must ensure that any necessary provision is available and that the counterparty’s instruction is in place. If any of these criteria are not met, Clearstream Banking cannot guarantee timely settlement.
New procedures for domestic counterparties
Field | Value |
Deutsche Securities &Services, Dubai Branch BIC | DEUTAEAD |
Clearstream National Investor Number (NIN) | DB00043804 |
Clearstream NIN Name | Clearstream Banking S.A Nominee A/C |
Clearstream Banking Trading Account number at the exchange | 79073334 |
Five-digit account number of counterparty at CBL | For example, 12345 |
CBL safekeeping a/c number with Deutsche Securities & Services, Dubai Branch | 20025334005 |
Migration and cutover impact on customers
Clearstream Banking will proceed with the migration of settled positions to the new depository on Thursday, 21 November 2019. As such, customers must ensure that their instructions via Deutsche Bank, Amsterdam Branch, with requested settlement date up to and including 21 November 2019, are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market and that any necessary provision is available for the instructions and that the counterparty's instructions are also in place. If any of these criteria are not met, Clearstream Banking cannot guarantee timely settlement and migration of such positions to the new depository.
All pending instructions in an unmatched status at 12:00 CET will be cancelled by Clearstream Banking. Customers can re-instruct after 21:30 CET on 21 November 2019. Customers should only send instructions with requested settlement date on or after 25 November 2019 after 21:30 CET on 21 November 2019 to avoid unnecessary cancellations and ensure that settlement takes place with the new depository. The “Immediate Release” functionality should not be used.
Impacted customers whose trades fail to match at Deutsche Bank, Amsterdam Branch on 21 November 2019 or have a settlement date beyond 21 November 2019 will need to advise their counterparties accordingly, that is, the counterparties will also need to cancel their instructions and reinstruct per the new procedures for domestic counterparties for settlement date 25 November 2019 or beyond.
To date, no corporate action events or income payments have been identified for the migration period. Should this situation change Clearstream Banking will publish a revised announcement prior to the migration to provide the necessary details.
Instruction specifications – Xact via SWIFT and Xact File Transfer
In the following tables, M=Mandatory; O=Optional; C=Conditional; Seq=SWIFT Message (sub)sequence.
Free of Payment
| MT540 | Receive Free | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :70E: | :SPRO | //Telephone number details of the agent of the counterparty, transfer reason | B1 |
M | :22F: | :BENE | //NBEN | E |
M | :95P: | :PSET | //DIFXAEAA[XXX] | E1 |
M | :95Q: | :DEAG | //Counterparty name, NIN and Member Codea | |
M | :97A: | :SAFE | //Counterparty account number at the market | |
| MT542 | Deliver Free | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :70E: | :SPRO | //Telephone number details of the agent of the counterparty, transfer reason | B1 |
M | :22F: | :BENE | //NBEN | E |
M | :95P: | :PSET | //DIFXAEAA[XXX] | E1 |
M | :95Q: | :REAG | //Counterparty name, NIN and Member Codea | |
M | :97A: | :SAFE | //Counterparty account number at the market |
Broker trade
| MT541 | Receive Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :DEAG | //DIFXAEAA[XXX] | E1 |
or | :95Q: | :DEAG | //Nasdaq Dubai | |
M | :95P: | :SELL | //BIC of the broker that executed the transaction | |
| MT543 | Deliver Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :REAG | //DIFXAEAA[XXX] | E1 |
or | :95Q: | :REAG | //Nasdaq Dubai | |
M | :95P: | :BUYR | //BIC of the broker that executed the transaction |
Inter custodian trade
| MT541 | Receive Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :DEAG | //BIC of the agent of the counterparty | E1 |
M | :95P: | :SELL | //BIC of the counterparty | |
M | :97A: | :SAFE | //Internal account number of the counterparty with their agent | |
MT543 | Deliver Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :REAG | //BIC of the agent of the counterparty | E1 |
M | :95P: | :BUYR | //BIC of the counterparty | |
M | :97A: | :SAFE | //Internal account number of the counterparty with their agent | |
DB Dubai internal inter custodian trade
| MT541 | Receive Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :DEAG | //DEUTAEADXXX | E1 |
or | :95Q: | :DEAG | //Deutsche Bank Dubai | |
M | :95P: | :SELL | //BIC of the counterparty | |
M | :97A: | :SAFE | //Internal DB Dubai account number of the counterparty with their agent (DB Dubai) | |
| MT543 | Deliver Against Payment | Seq | ||
M | :98a: | :TRAD | //Trade date/time | B |
O | :90a: | :DEAL | //Deal price | |
M | :95P: | :PSET | //DIFXAEAA[XXX] | |
M | :95P: | :REAG | //DEUTAEADXXX | E1 |
or | :95Q: | :REAG | //Deutsche Bank Dubai | |
M | :95P: | :BUYR | //BIC of the counterparty | |
M | :97A: | :SAFE | //Internal DB Dubai account number of the counterparty with their agent (DB Dubai) |
a. Should be provided by the counterparty. Please find below a list of most used Member Codes:
HSBC: HSBC
DB: DBAG
CITI: CITI
NBAD: NBAD
EFGH: EFGH
SHUAA: SHUD
ARQAAM: FFS
Instruction specifications – CreationOnline
In the following tables, M=Mandatory; O=Optional; C=Conditional.
Free of Payment
Receive Free
M | Trade Date | |
O | Deal Price | |
M | Place of Settlement | BIC |
Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | |
M | Delivering Agent | Name and address |
Party | Counterparty name, NIN and Member Codea | |
M | Account | Counterparty account number at the market |
M | Settlement Processing Narrative | Telephone number details of the agent of the counterparty, transfer reason |
M | Additional Indicators | Type: Beneficial Ownership Indicator |
Deliver Free
M | Trade Date | |
O | Deal Price | |
M | Place of Settlement | BIC |
Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | |
M | Receiving Agent | Name and address |
Party | Counterparty name, NIN and Member Codea | |
M | Account | Counterparty account number at the market |
M | Settlement Processing Narrative | Telephone number details of the agent of the counterparty, transfer reason |
M | Additional Indicators | Type: Beneficial Ownership Indicator |
Broker trade
Receive Against Payment
M | Trade Date | |
O | Deal Price | |
M | Place of Settlement | BIC |
Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | |
M | Delivering Agent | BIC |
Party | DIFXAEAAXXX | |
or | Delivering Agent | Name and address |
Party | Nasdaq Dubai | |
M | Seller | BIC |
M | Party | BIC of the broker that executed the transaction |
Deliver Against Payment
M | Trade Date | |
O | Deal Price | |
M | Place of Settlement | BIC |
Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | |
M | Receiving Agent | BIC |
Party | DIFXAEAAXXX | |
or | Receiving Agent | Name and address |
Party | Nasdaq Dubai | |
M | Buyer | BIC |
M | Party | BIC of the broker that executed the transaction |
Inter-custodian trade
Receive Against Payment
| M | Trade Date | ||
| O | Deal Price | ||
| M | Place of Settlement | BIC | |
| Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | ||
| M | Delivering Agent | BIC | |
| Party | BIC of the agent of the counterparty | ||
| M | Seller | BIC | |
| Party | BIC of the counterparty | ||
| M | Account | Internal account number of the counterparty with their agent | |
Deliver Against Payment
| M | Trade Date | ||
| O | Deal Price | ||
| M | Place of Settlement | BIC | |
| Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | ||
| M | Receiving Agent | BIC | |
| Party | BIC of the agent of the counterparty | ||
| M | Buyer | BIC | |
| Party | BIC of the counterparty | ||
| M | Account | Internal account number of the counterparty with their agent | |
DB Dubai internal inter custodian trade
Receive Against Payment
| M | Trade Date | ||
| O | Deal Price | ||
| M | Place of Settlement | BIC | |
| Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | ||
| M | Delivering Agent | BIC | |
| Party | DEUTAEADXXX | ||
| or | Delivering Agent | Name and address | |
| Party | Deutsche Bank Dubai | ||
| M | Seller | BIC | |
| Party | BIC of the counterparty | ||
| M | Account | Internal DB Dubai account number of the counterparty with their agent (DB Dubai) | |
Deliver Against Payment
| M | Trade Date | ||
| O | Deal Price | ||
| M | Place of Settlement | BIC | |
| Party | DIFXAEAAXXX – NASDAQ DUBAI LIMITED DUBAI | ||
| M | Receiving Agent | BIC | |
| Party | DEUTAEADXXX | ||
| or | Receiving Agent | Name and address | |
| Party | Deutsche Bank Dubai | ||
| M | Buyer | BIC | |
| Party | BIC of the counterparty | ||
| M | Account | Internal DB Dubai account number of the counterparty with their agent (DB Dubai) | |
a. Should be provided by the counterparty. Please find below a list of most used Member Codes:
HSBC: HSBC
DB: DBAG
CITI: CITI
NBAD: NBAD
EFGH: EFGH
SHUAA: SHUD
ARQAAM: FFS
Instruction specifications – Xact Web Portal
Free of Payment
Receive Free
M | Trade date | |
O | Deal price | |
M | Settlement instruction processing additional details | Telephone number details of the agent of the Counterparty, transfer reason |
M | Beneficial ownership | Unticked (No Change of Beneficial Owner) |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | Name |
Party 1 Identifier | Counterparty name, NIN and Member Codea | |
M | Party 1 Safekeeping account | Counterparty account number at the market |
Deliver Free
M | Trade date | |
O | Deal price | |
M | Settlement instruction processing additional details | Telephone number details of the agent of the counterparty, transfer reason |
M | Beneficial ownership | Unticked (No Change of Beneficial Owner) |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 2 Format | Name |
Party 2 Identifier | Counterparty name, NIN and Member Codea | |
M | Party 2 Safekeeping account | Counterparty account number at the market |
Broker trade
Receive Against Payment
M | Trade date | |
O | Deal price | |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | BIC |
Party 1 Identifier | DIFXAEAAXXX | |
or | Party 1 Format | Name |
Party 1 Identifier | Nasdaq Dubai | |
M | Party 2 Format | BIC |
M | Party 2 Identifier | BIC of the broker that executed the transaction |
Deliver Against Payment
M | Trade date | |
O | Deal price | |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | BIC |
Party 1 Identifier | DIFXAEAAXXX | |
or | Party 1 Format | Name |
Party 1 Identifier | Nasdaq Dubai | |
M | Party 2 Format | BIC |
Party 2 Identifier | BIC of the broker that executed the transaction |
Inter-custodian trade
Receive Against Payment
M | Trade date | |
O | Deal price | |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | BIC |
Party 1 Identifier | BIC of the agent of the counterparty | |
M | Party 2 Format | BIC |
Party 2 Identifier | BIC of the counterparty | |
M | Party 2 Safekeeping account | Internal account number of the counterparty with their agent |
Deliver Against Payment
M | Trade date | |
O | Deal price | |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | BIC |
Depository Identifier | BIC of the agent of the counterparty | |
M | Party 2 Format | BIC |
Party 2 Identifier | BIC of the counterparty | |
M | Party 2 Safekeeping account | Internal account number of the counterparty with their agent |
DB Dubai internal inter-custodian trade
Receive Against Payment
M | Trade date | |
O | Deal price | |
Delivering settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 1 Format | BIC |
Party 1 Identifier | DEUTAEADXXX | |
or | Party 1 Format | Name |
Party 1 Identifier | Deutsche Bank Dubai | |
M | Party 2 Format | BIC |
Party 2 Identifier | BIC of the counterparty | |
M | Party 2 Safekeeping account | Internal DB Dubai account number of the counterparty with their agent (DB Dubai) |
Deliver Against Payment
M | Trade date | |
O | Deal price | |
Receiving settlement parties | ||
M | Depository Format | BIC |
Depository Identifier | DIFXAEAAXXX | |
M | Party 2 Format | BIC |
Party 2 Identifier | DEUTAEADXXX | |
or | Party 2 Format | Name |
Party 2 Identifier | Deutsche Bank Dubai | |
M | Party 2 Format | BIC |
Party 2 Identifier | BIC of the counterparty | |
M | Party 2 Safekeeping account | Internal DB Dubai account number of the counterparty with their agent (DB Dubai) |
a. Should be provided by the counterparty. Please find below a list of most used Member Codes:
HSBC: HSBC
DB: DBAG
CITI: CITI
NBAD: NBAD
EFGH: EFGH
SHUAA: SHUD
ARQAAM: FFS
Further infomation
The Market Link Guide – NASDAQ Dubai will be available on our website on the effective date to reflect the changes.For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking 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 Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.