Clearstream Banking 1 would like to draw their customers’ attention in reports of partial repayments with nominal reduction (event type 140) on percentage-based bonds to take into account the following standard from
1 October 2016
and thus to support Clearstream Banking, also under TARGET2-Securities (T2S), to ensure a smooth settlement process. The conversion of the invoicing from percent to "amount per minimum denomination" avoids rounding differences in the respective customer holdings and master data fields (smallest denomination), which would otherwise lead to settlement problems with the launch of T2S.
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 reported to Clearstream Banking:
- ISIN;
- Due date;
- Payment date;
- Redemption amount (maximum two decimals) per previous denomination;
- Currency;
- Total amount (paying agent–collection);
- Previous denomination;
- New denomination;
- If applicable: Pay down and loss percentage as an amount per previous denomination.
Communication Channels
Customers may submit the required information to Clearstream Banking as follows:
Email: new-issues-bonds@clearstream.com
Fax: +49 (0) 69 21114323
Note: Please mainly use email for communicating data. This will enable CBF to further improve processes and data quality for customers and to a large degree avoid query-related delays.
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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.