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| Markets: | Bourse du Luxembourg |
| Products: | Equity and Bonds |
| Date: | 24 October 2011 |
DWP and Cash Only Instructions
LCH.Clearnet is pleased to announce the implementation of STP management for Delivery With Payment and Cash Only instructions sent to EuroclearBank and Clearstream. This service enhancement will allow clients to reconcile the settlement operations for these Instructions.
This service upgrade will be launched on Monday 12 December.
Current situation:
Cash Only instructions are reported in the financial statements AC0112E report in the following sections:
- DETAIL OF REGULARIZATIONS OF CASH FLOW OPERATIONS
- REGUL. CLEARING HOUSE
- With the associated Amount and the related ISIN code.
Currently there is no possibility to make the link in between the operation reported in the financial statements and the corresponding instruction sent to the iCSD.
Future situation:
To facilitate clients’ reconciliation process; LCH.Clearnet will enhance (enhance or use) its ISO 15022 messages offer to manage Delivery With Payment and Cash Only Instructions with Clearstream and Euroclear Bank systems:
Delivery With Payment Instruction will be split in Free of Payment and a Cash Only instructions. The iCSD’s will reportMT544, MT546, and MT900/910 messages to clients.
Cash Only feedback messages generated by Euroclear Bank and Clearstream are reported in MT900/910 messages.
The SWIFT messages sent to clients by Euroclear Bank and Clearstream to clients will replace the reporting in the LCH.Clearnet Financial statements. There is no impact on the LCH.Clearnet files and messages structure.
Request to clients
To allow the iCSD to perform Cash movements, it is mandatory to include your BIC codes in the instructions. Your account managers will contact you shortly to collect this information.
For further information, please contact:
Your account manager.
Contact details of your Account Manager are available at http://www.lchclearnet.com/membership/sa/crm_contacts.asp.
Customer and Market Management LCH.Clearnet SA