CBF reporting tools - Termination of Bestandsprovisionen service

07.06.2023

In Announcement D22073, Clearstream Banking AG, Frankfurt,1 informed about modifications in the procedures for the specialised reporting tools CBF Bestandsprovisionen2, CBF Fileservice and CBF Investor Portal.

Implementation approach

Effective 1 September 2023, the service for “Bestandprovisionen” will be transferred to Vestima's Fund Management Reporting Service (FMRS). 

Against this background, CBF terminated the contracts with the investment fund companies in May 2023 and at the same time made an offer to use the Vestima service.

Following the termination of the contracts, no data to determine trailer fees will be forwarded to investment fund companies after August 2023. As a result, existing contracts with CBF clients entitling CBF to provide data to the companies will become ineffective from 1 September 2023.

CBF recommends that the affected clients contact the investment fund companies so that the future process for trailer fees can be coordinated.

Contact

Questions regarding the termination of the contract will be answered by your Relationship Officer. For further information on Vestima's reporting service, please contact AMNetwork-CH-EMEA@fc.clearstream.com

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.

2. Trailer fees.