ClearstreamXact: New subscription for MT568 and MT599

Effective

immediately

Clearstream Banking AG, Frankfurt¹ introduces a new subscription for the ISO 15022 message flow via Xact Web Portal. The transmission of the following ISO messages:

• MT568 Corporate Action Narrative; and
• MT599 Free-format Message

sent by CBF to customers containing narrative details, text information and details on complex custody events can be routed on customer demand.

Customer benefits

At present, when CBF sends MT568 or MT599 the message is sent to the default channel set up in Clearstream Banking’s systems and the technical receiver BIC is defined for the account referenced in the message.

With the new report subscription customers will have the possibility to specify the most appropriate channel, BIC and accounts for their internal routing.

Report content

The MT599 and MT568 contain manually generated free-format messages sent by CBF about any topic.

Report channel/format/frequency

CBF customers can use the reporting for their CBF CASCADE accounts using their technical receiver BIC.

Depending on the selected frequency, the messages will be sent on a single message basis in real time, or as a batch of messages, as shown in the table below.

The following channel, format and frequency combinations will be supported:

Report subscription

Customers can set up their subscription in Xact Web Portal or it can be set up, exceptionally by CBF.

Note: The channel, BIC and account combination must be authorised in CBF’s systems.

Further information

For further information, please contact the Clearstream Connectivity Helpdesk.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.
2. Xact via MQ: This applies to 7-digit accounts of CBF customers only.