Instruction specifications - Common Depository/Common Service Provider - Xact Web Portal - International (CBL)
In the following tables, M=Mandatory; O=Optional; C=Conditional.
Markdown of certificates in global form
Deliver Free | ||
M | Settlement instruction processing additional details | /MKDW/ (1st line)a |
O | Trade date |
|
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | Country code |
Depository Identifier | 2-character country code – country name | |
M | Party 1 Format | BIC |
Party 1 Identifier | counterparty’s BIC | |
or | Party 1 Format | Name (if BIC does not exist) |
Party 1 Identifier | counterparty’s name | |
or | Party2 Format | Name |
Party2 Identifier | beneficiary’s name |
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a. If not present, the instruction will be considered as being a physical delivery pending receipt of definitive certificates (see below).
Physical delivery instruction for securities represented by a temporary
Delivery will be executed only upon exchange of the temporary global note and receipt of definitive certificates by Clearstream Banking’s specialised depository. The transaction will have “Pending Failing, Transaction not allowed for global certificate” status until the securities can be physically delivered.
Deliver Free | ||
M | Settlement instruction processing additional details | ‘Redemption’ or ‘Transfer’ as applicable |
O | Trade date |
|
O | Deal price | |
O | Denomination choice | a |
| Receiving settlement parties |
|
M | Depository Format | Country Code |
Depository Identifier | 2-character country code – country name | |
M | Party 1 Format | Name |
Party 1 Identifier | counterparty’s name | |
O | Party2 Format | Name |
Party2 Identifier | beneficiary’s name | |
O | Party 2 Safekeeping account a | beneficiary’s account |
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a. All eligible denomination requests will be passed on to the specialised depository, which will execute them on a “best efforts” basis, defined as:
- The specialised depository will deliver the denomination choices requested;
- The specialised depository will deliver whatever lower denominations can satisfy the request.
Delivery of the requested denomination cannot be guaranteed if the instruction is not formatted as above.