Reminder: Xact Web Portal - Ad hoc reporting functionality for Statements of Holdings
Note: This Announcement originally published on 14 August 2024 has been updated to provide a link to Frequently Asked Questions (FAQ).
Further to Announcements C23023 and C23024, Clearstream Banking1 would like to remind clients how to use the ad hoc reporting functionality in Xact Web Portal.
Background
Xact Web Portal has been enhanced to provide clients with ad hoc reports. The purpose of this enhancement is to provide self-service access through a secure channel to download reports. This optimises report delivery and allows reports to be retrieved for external audit purposes.
This self-service access should be used when duplicate reports are required.
At the end of the last business day of each month, PDF versions of the MT535 Statement of Holdings and MT950 Money Statements will be available to be downloaded from Xact Web Portal, either by the client or their external auditor if the required authorisation has been granted by the client.
How to use the new functionality
A detailed description is available in the Xact Web Portal User Manual in chapter 8. Reporting & Monitoring, Ad hoc Reporting, Manage Ad hoc Reporting, Ad hoc reports, Statement of holdings (Securities/Cash).
Guidance on Xact Web Portal usage for authorised third parties
Xact Web Portal ad hoc Reporting tutorials are available to facilitate and familiarise authorised third parties, qualified as external auditors, with the Xact Web portal and usage.
The tutorials provide support to the Initial Administrator for the set-up of reports as an authorised third party.
Clients are reminded to contact Client Services for any questions or specific requests.
Billing
The fee applicable to the ad hoc reports request made via the functionality is available in section 5.1.7 Other special reports, of the Clearstream Banking Fee Schedule under item “Statement of holdings (Securities/Cash)”.
Each query gives access to retrieve two reports (MT535 and MT950) per account and the billing applies in accordance with the Fee Schedule. Should the query return only one report because the account queried does not hold cash or securities, the fee applicable is still the same.
Further information
Further information can be found in the Xact Web Portal User Manual.
Please see the Clearstream website for more information about Xact Web Portal.
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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.