SCoRE and ECMS: Client testing - Update

16.02.2024

Note: This announcement, originally published on 21 December 2023, has been updated to add the "Implementation of SCoRE Standards – Enhancements to Corporate Actions messages in ISO 15022 format - Client Test Guide" under "attachments" below. 

Further to Announcement C23038, Clearstream Banking1 is committed to assisting clients to prepare the implementation of the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Standards and of the Eurosystem Collateral Management System (ECMS).

Therefore, Clearstream Banking will offer clients the possibility to test the enhancements resulting from the implementation of SCoRE and ECMS during three dedicated testing windows according to the following preliminary timeline:

Scope

Test window

Test registration deadline

Phase 1

Corporate Actions (ISO 15022 format)

4 March 2024 -
29 March 2024 (preliminary)

31 January 2024

Phase 2

Triparty Collateral Management (ISO 15022 format)

Between end June 2024 and early September 2024 (exact dates to be confirmed)

To be announced.

Phase 3

Corporate Actions (ISO 20022 format)

October 2024 (exact dates to be confirmed)

To be announced.

Phase 1: Corporate Actions Standards (ISO 15022)

The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.

Clients will be able to communicate with Clearstream Banking via the following connectivity channels: 

  • Xact via Swift;
  • Xact via File Transfer;
  • Xact Web Portal.

Messages in scope are the following:

Message identifier

Message definitions

MT564

Corporate Action Notification

MT565

Corporate Action Instruction

MT566

Corporate Action Confirmation

MT567

Corporate Action Status and Processing Advice

Phase 2: Triparty Collateral Management (ISO 15022)

The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Triparty Collateral Management, including enhancements resulting from the implementation of SCoRE and ECMS. 

Clients will be able to communicate with Clearstream Banking via the following connectivity channels:

  • Xact via Swift;
  • Xact via File Transfer;
  • Xact Web Portal.

Further to the connectivity between clients and Clearstream Banking, clients will have the opportunity to test the end-to-end flow with ECMS and view in ECMS the end result of the actions they have taken in Clearstream Banking.

Messages in scope are the following:

Message identifier

Message definitions

MT527

Triparty Collateral Instruction

MT558

Triparty Collateral Status and Processing Advice

MT569

Triparty Collateral and Exposure Statement for Collateral Giver

Phase 3: Corporate Actions Standards (ISO 20022) 

The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 20022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.

Clients will be able to communicate with Clearstream Banking via the following connectivity channels:

  • Xact via Swift;
  • Xact via File Transfer;
  • Xact Web Portal.

Message identifier

Message definition

seev.031

Corporate Action Notification

seev.032

Corporate Action Event Processing Status Advice

seev.033

Corporate Action Instruction

seev.034

Corporate Action Instruction Status Advice

seev.035

Corporate Action Movement Preliminary Advice

seev.036

Corporate Action Movement Confirmation

seev.037

Corporate Action Reversal Advice

seev.039

Corporate Action Cancellation Advice

seev.040

Corporate Action Instruction Cancellation Request

seev.041

Corporate Action Instruction Cancellation Request Status Advice

seev.044

Corporate Action Movement Preliminary Advice Cancellation Advice

Participation in client testing

Clients wishing to participate in the testing must register. Test registration forms for each phase, as well as practical information on testing (including detailed test cases description, event calendars, and ISINs available for testing) are available in the attachments below and on the Clearstream ECMS web page.

Further information

If clients have further questions, please do not hesitate to contact us at ECMS.programme@clearstream.com.

For further information, clients may contact Clearstream Banking Client Services or their Relationship Manager.

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