Xact Web Portal: Security positions query including tier value
Reference
CONNECTIVITY HELPDESK FRANKFURT
According to the conditions specified in Article 9, Article 10(1) and Article 10(2) of Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 (supplementing Regulation (EU) No 909/2014), and further to Announcement A20054, Clearstream Banking1 would like to inform customers that effective
14 June 2021
Xact Web Portal will be enhanced to display the securities tier value in the securities balance.
Tier value
The new tier value of securities will be available in Xact Web Portal under “Settlement”, “Securities”, “Security Positions”:
Menu
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Query view
In the Query view, the Tier value has been added to the search criteria under Financial Instrument:
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The possible tier values will be available as described in the following classification and eligibility table (see Announcement C20055 for full details on HLC):
Tier | Collateral | HLC | Description |
T1A | Y | Y | Highly liquid collateral (sovereigns, central banks, multilateral development banks and European mechanisms issuances) |
T1B | Y | Y | Highly liquid collateral (liquid instruments of good quality issued by reliable issuer with low credit risk) |
T2 | Y | Y | Highly liquid collateral (transferable instruments that are European Central Bank eligible) |
T3 | Y | N | High quality collateral (other transferable instruments) |
T4 | N | N | Not available for collateral |
The query results will be displayed on a per ISIN basis:
List View
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Further information
The above change might require customers to adapt their monitoring and management of collateral positions. Customers are reminded to contact their Relationship Manager should they need a detailed impact assessment.
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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, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.