CASCADE Online: Decommissioning of KVAR function and deletion of sub-accounts for CBF securities lending
Clearstream Banking AG, Frankfurt1 informs customers about upcoming changes related to BFF activities effective on
Monday, 21 November 2022
Background
After the decommissioning of the CBF Securities Lending Service KAGplus end of September 2022 and the migration of the GC Pooling processing from the CBF-based collateral management platform Xemac to CmaX as part of the “Collateral Mobility” project on 20 October 2022, the following below changes will be performed in the CBF environment.
Upcoming changes
1. Decommissioning of CASCADE Online function KVAR
After the introduction of TARGET2 Securities, the CASCADE Online transaction “KVAR” was only used for monitoring of GC Pooling trades in status “reservation” (Dispo-Status = 640):
To enlarge click on the image
2. Deletion of CASCADE sub-accounts for CBF securities lending
The following sub-accounts are not used anymore and will be disabled in CASCADE:
- CASCADE sub-accounts in format: x680-xxx - Formerly used for cash collateralisation for CBF securities lending;
- CASCADE sub-accounts in format: xxxx-510 - Formerly used for automated securities lending in CBF.
The technical changes will be performed as part of the CBF Release in November 2022.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.