Reminder: Standard for the notification of variable interest payments on bonds

Clearstream Banking¹ would like to remind customers to apply the following standards to notifications of variable interest rates on bonds (floaters). This will help Clearstream Banking to ensure a smooth payment process.

The paying agents, issuers and calculation agents are kindly requested to provide CBF with the following information in each report.

Required information

The following information must be provided to Clearstream Banking depending on the type of coupon:

For invoicing based on the interest rate (interest rate per ratio temporis):

• ISIN;

• Ex-date;

• Payment date;

• Interest period from (inclusive);

• Interest period up to (inclusive);

• Interest rate p.a.;

• Interest rate p.r.t. (optional);

• Number of interest days (optional);

• Currency;

• Total amount (debit from paying agent, optional).

If only the interest rate p.a. is stated, the interest rate p.r.t. and the interest days will be calculated by CBF on the basis of the agreed interest calculation method.

For denomination-linked invoicing (Amount per unit):

• ISIN;
• Ex-date;
• Payment date;
• Interest period from (inclusive);
• Interest period up to (inclusive);
• rate of interest p.a. (optional);
• Number of interest days (optional);
• Smallest unit;
• Amount per unit;
• Currency;
• Total amount (debit from paying agent, optional).

The denomination-linked interest p.a. and the denomination-linked interest p.r.t. as well as the interest days will be calculated by CBF on the basis of the agreed interest calculation method. A notified interest p.a. will also be published by CBF  

Communication format

Communication by email

If you wish to receive the notification by email, please complete the sample file in MS Excel format in the attachment section. Then attach the completed file to your email.

Please provide details of significant interest payment dates (for example zero report, different record date/ex-date, etc.) in your email.

The following example demonstrates the structure of the floater report.

Communication by Fax

If you wish to receive the notification by fax, please follow the same procedure as above.

Please provide details of significant interest payment dates (for example zero report, different record date/ex-date, etc.) in the fax.

Communication Channels

Customers may submit the required information to Clearstream Banking as follows:

Email: income-floater@clearstream.com
Fax: +49-(0) 69-2 11-61 79 60

Note: If you are communicating data, please mainly use email and the sample file contained in the attachment section. This will enable CBF to further improve processes and data quality for customers and to a large degree avoid query-related delays.

If the notification is made to CBF promptly after settlement of the preceding interest rate period, the anticipated debit from the paying agent will appear in KVGI before the payment date.

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1. This Announcement is published by Clearstream Banking AG (CBF), 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.