Reminder: Fees for cancellations and re-runs in Asset Services – collective safe custody

Clearstream Banking¹ would like to remind its customers, who act as a paying agent or lead manager for securities in collective safe custody, that the current price structure already valid since 1 November 2006 for cancellations and re-runs in Asset Services – collective safe custody was adjusted last year (see the current CBF Domestic Fee Schedule valid from 1 July 2015).

These fees are per ISIN and cancellation or re-run and are charged to the paying agent or lead manager.

With this procedure, CBF is complying with the request of many customers to attach substantial importance to the accuracy and timeliness of reports in Asset Services (Income and Corporate Actions).

Note: For payments, for which no separate message to CBF is usually required (for example fund distributions), the paying agent has to ensure that the information subject to settlement is provided in good time (not later than on the CBF record date -1 business day) by WM Datenservice to the market. If the notification from the paying agent to WM Datenservice is late, CBF also charges fees.

The business day prior to the ex-date applies in principle as CBF record date.
Example: If Monday is the ex-date, the CBF record date for determining the eligible holdings is the previous Friday.

Re-run fees

The fee for processing re-runs is EUR 400.00 per re-run. Re-runs are all instructions of the paying agent or the lead manager to process a repayment, interest or a dividend (event types 110 - 141) or account recording of subscription rights as well as book entries with or without ISIN change (TA 210 - 232), which have been received after the re-run deadline at CBF.

The re-run deadline is 13:00 on the business day before the CBF record date.

Cancellation fees

The fee for processing cancellations is EUR 800.00 per cancellation. Cancellations are all instructions of the paying agent or the lead manager to process a repayment, interest or a dividend (event types 110 - 141) or account recording of subscription rights as well as book entries with or without ISIN change (TA 210 - 232), which have been received after the cancellation deadline at CBF.

The cancellation deadline is 13:00 on the CBF record date.

No distinction is made here concerning whether it is a simple cancellation or a cancellation with subsequent reprocessing of the security with a new record date and/or new amounts/rates.

Further information

For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
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1. This Announcement is published by Clearstream Banking AG (CBF), with its registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.