Clearstream Banking1 has decided to postpone the implementation of the mandatory trade date on internal instructions from 17 October 2016 to a later date in order to give customers more time to adapt.
In anticipation of the Central Securities Depository Regulation (CSD-R) settlement discipline requirements that will impose the trade date as a mandatory matching field in Europe, Clearstream Banking strongly encourages its customers to include the trade date (MT54x field :98a: Trade Date/Time) in all internal and Bridge settlement instructions, free of and against payment, with and without matching and to start implementing this change as soon as possible in their systems, if required.
Once Clearstream Banking implements the mandatory trade date, all internal and Bridge instructions where the trade date is not included will be rejected. Cutover details will be published in due course.
For external settlement, please refer to the instruction specifications in the Creation Link Guides, to see if the trade date is mandatory or not.
Further information
For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
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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 (for CBF customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.