Xact Web Portal: Cross-border Payments and Reporting (CBPR+)

Clearstream Banking¹ informs clients about changes to the user interface in Xact Web Portal, effective

immediately

Background

As Clearstream Banking continues to aim for full compliance with ISO 20022, changes have been made to Xact Web Portal.

The primary modifications involve the terminology and the new requirements specified by Swift regarding the identification of certain cash parties. These changes were incorporated in the Cash Instructions section of the Cash & Liquidity Module in Xact Web Portal.

Xact Web Portal – Cash & Liquidity – Cash Instructions

In the interface of the Cash instructions screen the query fields in Query View, Columns in List View and instruction fields in Create New Cash Instruction and Detail View have been updated to reflect the new terminology in the ISO 20022 format.

Cash Instructions

Please see below the new terminology that is currently being used in all Xact Web Portal Cash & Liquidity screens.

New terminolgy	Previous terminology
Instruction Identification	Sender Reference
End to End Identification	Related Reference
Interbank Settlement Date	Requested Value Date
Interbank Settlement Amount	Amount
Creditor	Beneficiary Institution / Customer
Creditor Agent	Account with Institution
Debtor	Ordering Customer
Debtor Agent	Ordering Institution
Intermediary Agent 1	Intermediary

Create Cash Instructions

Xact Web Portal users will encounter new validations when creating cash instructions, in accordance with the updated CBPR+ guidelines mandated by Swift. Some cash party fields that were previously optional have now become mandatory, while others that were not applicable before can now be filled. Please see below for detailed information:

Message	Field / Cash Parties	Current Status	Previous status
Pre-Advice of Funds (camt.057)	Debtor	Optional	n/a
Pre-Advice of Funds (camt.057)	Debtor Agent	Optional	n/a
Internal Funds Transfer (pacs.009 Internal)	Remittance Information	Optional	n/a
	Creditor Agent	Optional	n/a
	Debtor	Mandatory	n/a
	Debtor Agent	Optional	n/a
	Intermediary Agent 1	Optional	n/a
Funds transfer to a Financial Institution (pacs.009)	Remittance Information	Optional	n/a
Funds transfer to a Financial Institution (pacs.009)	Debtor	Mandatory	n/a
Funds transfer to a non-Financial Institution (pacs.008)	Remittance Information	Optional	n/a
Funds transfer to a non-Financial Institution (pacs.008)	Debtor Agent	Mandatory	Optional

For all the cash parties, the option to instruct with LEI has been added. All other existing Cash Party Identifiers remain unchanged.

Query/Detail View

In addition, UETR (Unique End-to-end Transaction Reference), which is a string of 36 unique characters featured in all payment instruction messages carried over to Swift, has been added to be able to query and see in the detailed view.

Cash File Upload

A new Cash File Upload Template needs to be used. The new template can be downloaded in the Cash File Upload Section.

Further Information

For further information, please contact Clearstream Banking Client Services or your Relationship Manager. Questions related to the technical connection can be addressed to Connectivity Support.

------------------------------------------

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 Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.