CFS Portal: Cross-border Payments and Reporting (CBPR+) – Cash Instructions
Reference
Clearstream Fund Centre1 informs clients about changes to the user interface in CFS Portal, effective
immediately
Background
As Clearstream Fund Centre continues to aim for full compliance with ISO 20022, changes have been made to CFS 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 CFS Portal.
CFS 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 the CFS 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
CFS 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 |
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 |
Debtor | Mandatory | n/a | |
Funds transfer to a non-Financial Institution (pacs.008) | Remittance Information | Optional | n/a |
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 Client Services or your Relationship Manager. Questions related to the technical connection can be addressed to Connectivity Support CFS_Connectivity@clearstream.com .
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1. Clearstream Fund Centre refers to Clearstream Fund Centre 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-261691