CBF Customer Simulation Period April and May 2019 - Guideline - Clearstream
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CBF Customer Simulation Period April and May 2019 Guideline
CBF Customer Simulation April and May 2019 Guideline April 2019 Document Number: 7242 This document is the property of Clearstream Banking AG, Frankfurt (“Clearstream Banking” or “CBF”) and may only be changed with prior written consent obtained from Clearstream Banking. The information in this document is subject to change without notice and does not represent any obligation on the part of Clearstream Banking, a subsidiary or other affiliate of Clearstream International S.A. © Copyright Clearstream Banking AG, Frankfurt (2019). All rights reserved. Clearstream Banking AG, Frankfurt, is a Deutsche Börse Group company.
Content
1. Introduction ...................................................................................................................... 5
2. Scope of the CBF Customer Simulation in April and May 2019 ......................................... 6
3. Preparation customer simulation ..................................................................................... 7
3.1 Getting ready for customer simulation ......................................................................................... 7
3.1.1 Testing in DCP mode on UTEST ................................................................................................ 7
3.1.2 Creation of holdings ................................................................................................................... 7
3.2 CBF Customer Simulation calendar .............................................................................................. 8
4. CBF Customer Simulation environment (IMS23) ............................................................ 10
4.1 Stock Exchange transactions (CCP / non-CCP) .......................................................................... 10
5. Execution of dedicated test cases ................................................................................... 11
5.1 CASCADE Online functionality – Login procedure ...................................................................... 11
5.2 Limitation for pending instructions ............................................................................................. 11
5.3 Cancellation of pending LION instructions ................................................................................. 11
6. Detailed description of dedicated test cases................................................................... 12
6.1 New Issues processing – New withdrawal type ......................................................................... 12
6.1.1 Introduction .............................................................................................................................. 12
6.1.2 Test preparation ....................................................................................................................... 12
6.2 CASCADE-RS services: Legal Entity Identifier (LEI) ................................................................... 13
6.2.1 Introduction .............................................................................................................................. 13
6.2.2 Test preparation ....................................................................................................................... 13
6.3 Custody services ........................................................................................................................... 15
6.3.1 Specific environment requirements ....................................................................................... 15
6.3.2 Introduction .............................................................................................................................. 16
6.3.3 Test preparation ....................................................................................................................... 17
7. Contact ............................................................................................................................ 20
Appendix A - CBF processing day in customer simulation .................................................... 21
Appendix B - T2S Deployment Schedule ............................................................................... 26
Appendix C - Setup of domestic OTC settlement instructions ............................................... 27
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 3This page has intentionally been left blank.
Clearstream Banking Frankfurt
4 Customer Simulation Period April and May 20191. Introduction
Clearstream Banking Frankfurt (CBF) will offer a customer simulation period and test cases dedicated to the
enhancements developed by CBF for the existing CBF functionality. The functional details about the
envisaged changes are available in Announcement “CBF Release Information May and June 2019”.
The test case setup by CBF will support the simulation of business cases where specific environment
requirements are necessary for the deployment of T2S Release 3.0 and CBF Release May 2019. These
consider mainly the processing between CBF and T2S when the functionality might impact CBF customers
acting in ICP and / or DCP mode.
As the customer simulation environment is used simultaneously for other Clearstream testing activities,
customers must consider the test requirements, if applicable. In addition, customers can execute test cases
based on their own needs using the CBF Customer Simulation environment (IMS23). Customers acting in
DCP mode might require additional testing for their procedures with T2S using the T2S Pre-Production
Environment (UTEST).
The participation in this simulation is optional and not a prerequisite for admission to production for the
launch date of the CBF Release on 13 May 2019.
In the period from 23 April to 10 May 2019, customers can execute test cases related to the modifications in
the CBF software. Customers who would like to execute dedicated test cases were already asked to register
by latest 11 April 2019. The related registration form is available on the Clearstream website.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 52. Scope of the CBF Customer Simulation in April and May 2019
A few functional modifications in the CBF software require a dedicated test setup. Therefore, CBF will offer a
customer simulation period with all related software updates induced by CBF, starting from 23 April 2019.
Additionally, customers can execute test cases based on their own requirements. In line with the functional
description in Announcement “CBF Release Information May and June 2019” the following test cases will be
supported.
• T2S CR 520 “Add new fields to T2S messages sese.020, sese.024 and sese.025 needed for CA
processing”
o Customers acting in ICP mode will receive via MT548 (“Settlement Status and Processing
Advice“) the information about a cancellation of a transformation by using the field
:24B: (“Reason Code“) with the values “CAND//CANT” and the Corporate Action Event
Identification (CorpActEvtId) in field :20C: (“Reference”) using the qualifier “CORP”.
o Customers acting in DCP mode will receive the reporting via T2S based upon their T2S message
subscription in UTEST.
• Modifications driven by CSDR
The deletion of the underlying transaction for reorganisations in cash takes place when the
cash settlement of the redemption and transaction price claims were successfully executed, if
the event applies to the payment authorisation principle.
• Hold / Release functionality for reverse claims
In line with the functionality for market claims, instructions for reverse claims in CSC or NCSC
securities will be created with the status “on hold”, if the seller (delivery instruction) has subscribed
for the CBF service. That is, if the customer sells securities and a market or reverse claim needs to
be created, the instruction will be flagged as “on hold” and must be released, if a settlement of the
instruction is aimed. The release of the instruction can be initiated using the automated connectivity
channels (“Transaction Processing Command - MT530”) or via CASCADE Online functionality.
• New Issues transactions - Withdrawal type “reduction of up-to-nominal”
Issuer and issuer agents can request the reduction of the up-to-nominal for CSC securities via the
CASCADE Online functionality (HOST / PC) using the transaction “KVEW” (Wertebereich) with the
function “AL” (Auslieferung) respectively “vaults // withdrawal”.
• CASCADE-RS service: Legal Entity Identifier (LEI)
Since November 2018, the LEI can be provided via message-based applications (SWIFT, File Transfer
(FT), MQ) and the CASCADE Online functionality (HOST / PC). On customer request, CBF will enable a
further test execution for the above-mentioned connectivity channels. Predefined registered shares
will allow the registration and modification of shareholder data.
• MT536 - Statement of Transactions
CBF informed customers that the interim phase for the decommissioning of the label “/CUST” in the
MT536 “Statement of Transactions” will end on Monday, 13 May 2019. Customers could (re-)test the
reporting of transactions to verify the latest format and the related internal processing. For this test,
no dedicated test cases are required to be created by CBF.
Clearstream Banking Frankfurt
6 Customer Simulation Period April and May 20193. Preparation customer simulation
3.1 Getting ready for customer simulation
According to the T2S Service and Transition Plan, T2S deployed the scope elements for the release on Friday,
22 March 2019. The UTEST phase for T2S Release 3.0 finishes on 22 May 2019. After this date, however,
customer can still execute test cases for the resolution of T2S Problem Tickets (PBI) 1, as the software will
remain unchanged until the next deployment date.
Before the customer simulation can be executed, a downtime from 25 March to 22 April 2019 is scheduled in
IMS23. During this period, CBF will create additional security holdings on customer accounts for dedicated
test cases, if requested. The registration form was published on the Clearstream website on 22 March 2019
and must be returned by 11 April 2019, latest. The CBF T2S Settlement Functionality Team will modify the
account settings based on the provided registration form and conduct quality checks.
From 23 April 2019, the customer simulation environment will be available and participating customers can
start to execute test cases and assess possible impacts on their functional and organisational procedures.
For this simulation period, the latest static data for CBF accounts and related connectivity settings requested
by customers or other Clearstream test activities will be available.
3.1.1 Testing in DCP mode on UTEST
Customers acting in DCP can use the schema defined in SWIFT MyStandards (ISO 20022:2004) or the schema
provided via a CSD (ISO 20022:2013). This statement is valid for the upcoming test in UTEST as well as for the
production launch on 10 June 2019.
With T2S Release 3.0, the ISO transaction type code “BIYI” (Buy-In) will be introduced in ISO 20022. This
enhancement is based on the T2S Change Request “T2S-0607-SYS”. To be able to execute the related
business scenario a customer acting in DCP mode must have the related privilege “SIM_UBIYI”. In UTEST,
CBF will grant this privilege on customer demand only. If so, the DCP must get in contact with the CBF T2S
Settlement Functionality Team via the Connectivity Support team (connectfrankfurt@clearstream.com). For
the update of the configuration, the CBF account master (4-digit) as well as the Party Technical Address A2A
(PTA) needs to be provided. The setup will be enabled between 12 and 18 April 2019. Modification requests
received after 11 April 2019 will be processed as soon as possible. However, customers should be aware that
the CBF T2S Settlement Functionality Team will need 48 hours of lead time to approve the request once it
has been received.
As specified in the T2S Change Request “T2S-0652-SYS: Increase the limit of distinct values for the
parameters relating to message subscriptions“, T2S allows all T2S Actors to configure their message
subscriptions. The number of distinct values for parameters will increase from 50 to 100. Customers can
create or modify their message subscription on their demand as the usage of the enhancement is classified
as optional service enrichment. Hence, customers acting in DCP mode can create or modify the message
subscription on their demand. The subscription that was set up in UTEST must be re-entered in the
production environment. It will not be copied by T2S during the deployment weekend in June 2019.
3.1.2 Creation of holdings
Between 12 and 18 April 2019, CBF will collect the existing holdings of predefined securities from customer
accounts and redistribute them via CBF account 4424 to the respective CBF main account (xxxx 000).
Once the holdings are set up, customers acting in ICP mode can verify them via the CASCADE Online
functionality (HOST / PC) or MT535 Statement of Holding, if subscribed in IMS23. In the above-mentioned
time frame, customers must not enter test cases nor transmit instructions via an automated connectivity
channel towards IMS23 or UTEST. In addition, the CASCADE Online functionality (HOST / PC) must not be
used. This will allow the CBF T2S Settlement Functionality Team a reconfiguration of IMS23 in time.
Customers who are connected to UTEST and receive (settlement) reporting might notice instruction flows
between CBF and T2S from setup activities.
1
Please refer to CBF Announcement D19005 to retrieve the latest version of T2S Problem Tickets.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 7The table below shows the ISINs that will be maintained by the CBF T2S Settlement Functionality Team:
Nominal Tradeable CCP
ISIN Name
available in test via T7 eligible
CH0001840450 VALARTIS GROUP AG INH.SF1 1,000 No Yes
DE0005785604 FRESENIUS SE & CO. KGAA O.N. Resulting ISIN Yes Yes
DE0005785802 FRESEN.MED.CARE KGAA O.N. 5,000 Yes Yes
DE0006202005 SALZGITTER AG O.N. 10,000 Yes Yes
DE0006231004 INFINEON TECH AG NA 100,000 n/a for test n/a for test
DE0007100000 DAIMLER AG NA 100,000 n/a for test n/a for test
DE0007236101 SIEMENS AG NA 100,000 n/a for test n/a for test
DE0007251803 STADA ARZNEIMITTEL VNA 100,000 n/a for test n/a for test
DE0008232125 LUFTHANSA AG VNA 100,000 n/a for test n/a for test
DE000A168478 6 % GOTHAER ALLG.VERS.15/45 30.10.G 100,000 No No
Table 1 - Dedicated ISINs for the customer simulation period April and May 2019
3.2 CBF Customer Simulation calendar
The following calendar covers the period from 23 April to 10 May 2019. It shows the availability of the CBF
Customer Simulation environment (IMS23) and highlights the “CCP batch days” as well as the execution days
related to the dedicated test cases.
According to the T2S Service and Transition Plan, T2S deployed the scope elements for the release on Friday,
22 March 2019. The UTEST phase for T2S Release 3.0 finishes on 22 May 2019. After this date, however,
customers can still execute test cases for the resolution of T2S Problem Tickets (PBI) 2, as the software will
remain unchanged until the next deployment date.
The overall test schedule shown below indicates the downtimes already defined for IMS23 or UTEST. If one of
the environments is not available or the testing is limited because of particular measures ensuring a proper
test execution, there might be additional downtimes. CBF will inform customers about such downtimes in
due time via email to their contact nominated in the customer simulation registration form.
Customers acting in DCP mode and connected to UTEST need to consider possible CBF downtimes while
executing their test cases. During these periods, the T2S feedback might not be transmitted. This applies if
the related settlement processing requires a validation by CBF. However, the T2S reporting will be provided
upon message subscription and will contain the information according to the definition of T2S.
2
Please refer to CBF Announcement D19005 to retrieve the latest version of T2S Problem Tickets.
Clearstream Banking Frankfurt
8 Customer Simulation Period April and May 2019Customer simulation calendar: CBF Release April and May 2019
Availability CCP Simulation
Test day Dedicated test case Focus Day
of IMS23 Calendar
Tuesday 23-April-19 Open CCP Batch Day
Wednesday 24-April-19 Open CCP Batch Day
Preparation Focus Day:
BONU CBF as Issuer CSD (Announcement Date)
Thursday 25-April-19 Open
Preparation Focus Day:
INTR and REDM (Announcement Date)
Preparation Focus Day:
BONU CBF as Investor CSD (Announcement Date)
Preparation Focus Day:
Friday 26-April-19 Open
PARI (Announcement Date)
Preparation Focus Day:
BONU CBF as Issuer CSD (Ex-Date)
Saturday 27-April-19 Weekend
Sunday 28-April-19 Weekend
CASCADE-RS: Start of testing,
functionality is available until 8 May 2019.
Preparation Focus Day:
Monday 29-April-19 Open CCP Batch Day
INTR and REDM (Ex-Date)
Preparation Focus Day:
BONU CBF as Issuer CSD (Record Date)
New Issues: Start of testing,
functionality is available until 9 May 2019.
Preparation Focus Day:
BONU CBF as Investor CSD (Ex-Date)
Preparation Focus Day:
Tuesday 30-April-19 Open
PARI (Ex-Date)
Preparation Focus Day:
INTR and REDM (Record Date)
Focus Day:
BONU CBF as Issuer CSD (Payment Date)
Wednesday 01-May-19 Public Holiday
Preparation Focus Day:
BONU CBF as Investor CSD (Record Date)
Preparation Focus Day:
Thursday 02-May-19 Open CCP Batch Day
PARI (Record Date)
Focus Day:
INTR and REDM (Payment Date)
Focus Day:
BONU CBF as Investor CSD (Payment Date)
Friday 03-May-19 Open
Focus Day:
PARI (Payment Date)
Saturday 04-May-19 Weekend
Sunday 05-May-19 Weekend
Monday 06-May-19 Open
Tuesday 07-May-19 Closed CCP Batch Day T2S Deployment Day Release 3.0
Wednesday 08-May-19 Open CCP Batch Day CASCADE-RS: End of testing
Thursday 09-May-19 Open CCP Batch Day New Issues: End of testing
Friday 10-May-19 Open
Table 2 - Customer simulation calendar for the period April and May 2019
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 94. CBF Customer Simulation environment (IMS23)
The modified static data for CBF accounts and the related connectivity settings in IMS23 might have changed
for previous T2S Releases and Clearstream projects. During the setup phase for the customer simulation
period April and May 2019, the T2S Settlement Functionality Team will verify the settings for registered
accounts. The account and connectivity settings for the account master and main account (xxxx 000) will be
aligned with the production setup.
Customers requiring a modification of the existing setting in IMS23 need to flag this in the registration form
and to contact the Clearstream Connectivity Support team (connectfrankfurt@clearstream.com).
4.1 Stock Exchange transactions (CCP / non-CCP)
Upon customer demand, Stock Exchange trades can be entered for settlement via LION or CASCADE. Trades
can be set up with a Market Identifier Code (MIC) in the trading system. If the flag:
• “XFRA” is used, they are forwarded as non-CCP trades towards the CBF system LION.
• “XETR” is used, they are processed via CCP and clearing results will be provided to CBF for further
processing in CASCADE.
In general, the simulation environment of Eurex Clearing (ECAG) for CCP activities will be connected to the
CBF Customer Simulation environment (IMS23).
For information on available instruments, please refer to the websites of the trading systems www.xetra.com
and www.eurexchange.com.
ECAG will forward test instructions to CBF in ICP mode. These instructions will be transmitted on the “CCP
Batch Days” only. The batch days defined by ECAG are shown in the “Table 2 - Customer simulation calendar
for the period April and May 2019” in section 2.2.
Once Stock Exchange instructions arrive at CBF, they will be forwarded for settlement to UTEST. ECAG will
delete pending (unsettled) transactions according to their testing / batch day procedures.
Stock Exchange transactions processed as LION instructions will be supported during the period from
23 April to 8 May 2019.
Figure 1 - Process chain Stock Exchange instruction
Clearstream Banking Frankfurt
10 Customer Simulation Period April and May 20195. Execution of dedicated test cases
This chapter provides the detailed description of dedicated test cases for the customer simulation in the
period from 23 April to 10 May 2019. Each of the following sections provides a short summary of the
modifications. The detailed functional specifications are available in Announcement “CBF Release
Information May and June 2019”3. If CBF requires information from the customer for a successful test
execution, these prerequisites are also shown in the following sections.
5.1 CASCADE Online functionality – Login procedure
Due to increased security regulations, the behaviour of the IMS systems of Deutsche Börse AG was modified
when incorrect login data is entered. This means that after five unsuccessful login attempts due to, for
example incorrect access data, the user will be blocked. As soon as a login attempt is successful, the
counter is reset and five attempts to log in can be made again.
If all five login attempts fail, the user is blocked and the error message ‘’FY0021I’’ will be displayed.
To reactivate the user, the customer must contact the administrator at Deutsche Börse
(secuadmin@deutsche-boerse.com). The unblocking cannot be initiated by the Secu-Administrator
nominated in the customer’s institution.
The administrator of Deutsche Börse will inform the customer as soon as the user has been successfully
unlocked. This may take about 24 hours. After that, the customer can log in with the previous (’’old’’)
password.
5.2 Limitation for pending instructions
CBF is going to deploy its software changes end of March 2019, so that customers can start their end-to-end-
test with UTEST on 23 April 2019.
During the test execution, each customer participating in the simulation is requested to consider that high
volume of pending instructions in UTEST impacts the performance of all T2S test environments. Therefore,
the customer should actively monitor the number of pending instructions and ensure that no more than 500
pending instructions are active in the test system. In order to determine the number, all instructions must be
considered, independent from:
• The status, that is, matched, unmatched, hold or release;
• The business procedure, that is, domestic and cross-border instructions, Stock Exchange trades
(via LION or CCP) and instructions resulting from corporate actions;
• The connectivity channel, that is, ICP or DCP mode;
• The test activity conducted with Clearstream Banking (for example One Clearstream).
This limitation applies to all accounts (and sub-accounts) of a customer that are set up in the CBF Customer
Simulation environment (IMS23) for testing.
5.3 Cancellation of pending LION instructions
Pending Stock Exchange trades (LION instructions) are requested to be settled in UTEST. The customer
needs to ensure that the necessary position is available in IMS23. If the necessary holding is missing, the T2S
Settlement Functionality Team can be contacted via the Connectivity Support team to check whether a
position transfer is possible.
Customers and counterparties need to consider the successful settlement or cancellation while preparing
the test cases.
Any pending LION instruction must be cancelled on 10 May 2019 by the customer and if necessary also by its
counterparty.
3
In case of updates customers are requested to use the latest version of the Release Information for their preparation of
test cases.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 116. Detailed description of dedicated test cases
In CBF Customer Simulation registration form, dedicated test cases were announced. This chapter provides
the detailed test data and steps for a successful test execution. Based on this framework customers can
define further requirements and can create settlement instruction on their demand, if applicable.
6.1 New Issues processing – New withdrawal type
6.1.1 Introduction
With the launch of the CBF Release May 2019, issuer and issuer agents can request the reduction of the up-
to-nominal for CSC securities via the CASCADE Online functionality (HOST / PC) using the transaction
“KVEW” (Wertebereich) with the function “AL” (Auslieferung) respectively “vaults // withdrawal”. The
withdrawal type “6 – Reduction of Rahmennominale” will be provided as additional service.
In general, the enhanced functionality is based on the validation for withdrawals. However, the reduction of
the Rahmenurkunde must not be smaller than “1” and the nominal must not be below the already issued
volume, taking into account any further emission volume already disposed. Additionally, it is not possible to
enter the value “0” (zero) in this functionality. The instruction can be entered for the settlement date and
must not be entered with a settlement date in the future.
6.1.2 Test preparation
Issuer and issuer agents can propose up to five ISINs that will be assessed by the T2S Settlement
Functionality Team. Once the ISIN and static data are enabled in IMS23 and UTEST, the test execution can
start. CBF will inform the customer when the test can be performed.
As of 14 April 2019, CBF will start to support the test for the withdrawal functionality and provide feedback as
soon as possible allowing testing from 30 April to 9 May 2019.
Clearstream Banking Frankfurt
12 Customer Simulation Period April and May 20196.2 CASCADE-RS services: Legal Entity Identifier (LEI)
6.2.1 Introduction
Since November 2018, the LEI can be provided via message-based applications (SWIFT, FT, MQ) and the
CASCADE Online functionality (HOST / PC). Hereby, information for a Legal Entity Identifier (LEI) can be
entered, modified, deleted, verified or displayed. The LEI cannot be entered for individual or natural persons.
The LEI has been set up with the following credentials:
• Field name: LEI
• Allowed value: The LEI that identifies participants in the financial market.
• Syntax: Alphanumeric (20)
• Mandatory: No
During the customer simulation, customers acting in ICP mode can use:
• The automated connectivity channels SWIFT, MQ or File Transfer:
o Instruction to Register (MT500);
o Modification of Client Details (MT519); and
o Confirmation of Registration or Modification (MT501)
will contain the qualifier “LEID” in the “Optional Subsequence C2 Personal Details”. The data is to
be provided in field :70C: “Additional Text” with the format :70::ADTX//:4!c//1*35x. That is,
70C::ADTX///LEID XXXXXXXXXXXXXXXXXXXX
• The CASCADE Online functionality (via HOST only)
The related screens will be updated in order to incorporate the information on LEI for legal
entities, that is:
o Transaction “KVCE” for registration, “KVCU” for re-registration and
“KVCA” for modification of shareholder data via CASCADE HOST;
o Section “RS” via CASCADE-PC.
The customer simulation is limited to the above-mentioned functionality and dedicated ISINs. In production,
the LEI information can be provided via the Investors Portal and the details will be available as output in the
related CASCADE-RS reports. However, both features are not available in IMS23.
6.2.2 Test preparation
In order to allow the test execution of the CASCADE-RS functionality, CBF will enable five ISINs in the
customer simulation environment (IMS23). Customers can enter / transmit their instructions on their
demand from 29 April to 8 May 2019. During the customer simulation period, CBF will not transmit
instructions for registration or modification to the registers and will simulate the feedback. In order to give
customers the opportunity to receive both a positive and a negative feedback, a corresponding configuration
will be set up in IMS23.
During the internal setup phase, between 12 and 18 April 2019, CBF will collect existing holdings of
predefined securities from customer accounts and redistribute them via CBF account 4424 to the CBF main
account (xxxx 000) registered for the customer simulation, if the customer account shows no holding in
IMS23. If a holding is already available, no action will be taken, unless the customer requires further support
from the T2S Settlement Functionality Team.
As this dedicated test case will serve for the creation and update of shareholder data, the holding is limited.
Customers must not use the test environment for regression or volume testing. Neither the CBF nor the
UTEST environment will have the sufficient capacity. Customers are requested to check if the number of
instructions to maintain the relevant shareholder data for an entire ISIN is feasible.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 13ISIN Description Position Feedback for registration
or modification request
DE0006231004 INFINEON TECH AG NA 100,000 Positive
DE0007100000 DAIMLER AG NA 100,000 Positive
DE0007236101 SIEMENS AG NA 100,000 Negative
DE0007251803 STADA ARZNEIMITTEL VNA 100,000 Positive
DE0008232125 LUFTHANSA AG 100,000 Positive
Table 3 – ISINs for test execution LEI
CBF asks customers participating in the test to ensure that their internal test system for securities master
data will also contain these ISINs.
Before customers will start with the test using an automated connectivity channel (SWIFT, FT or MQ), CBF
recommends to check the connectivity settings. Technically, CBF customers can send instructions to the CBF
Customer Simulation environment (IMS23) by using the production BIC DAKVDEFFXXX in the header or the
CBF test BIC ZYDGDEF0XDOM when they instruct via File Transfer or MQ. Via SWIFT, BIC ZYDGDEF0XDOM
must always be used. If a customer would like to send an instruction to a test system via File Transfer, the
message has to be identified as not being for production. This is done by a TNG trailer at the end of the
instruction: ä5: äTNG: üü
The trailer is also used for CBF replies to customers. This guarantees that CBF test messages can clearly be
identified, so that the customer can avoid injections into the customer’s production system.
Clearstream Banking Frankfurt
14 Customer Simulation Period April and May 20196.3 Custody services
6.3.1 Specific environment requirements
The general framework for corporate actions processing in CBF defines that events will be executed via CBF
KADI (Kapitaldienste) or the OneClearstream service. The processing of events in the customer simulation
environment (Focus Days) will be executed for KADI, only. The events scheduled in IMS23 are limited to the
scope defined in this document. CBF asks customers participating in the test to ensure that their internal
test system for securities master data will also contain these ISINs.
The preparation of Focus Days will distinguish between ISINs where CBF acts in its role as Issuer CSD and
Investor CSD. The table below lists the event-driven activities and the related processing during the
customer simulation period April and May 2019.
Event-related activity General information related to the KADI processing
Cash proceeds During the customer simulation, all cash proceeds in Euro will be transferred
to the related RTGS account as no “Bund Payment” is scheduled.
In general, the liquidity transfer will be initiated in the CBF DD1 cycle using the
T2 ASI procedure 3. Cash movements will be reported via MT942 / 950 Cash
reporting.
Corporate action Customers will be informed via MT564, if subscription rights have been enabled
announcement in account master data and connectivity settings.
The notification will be provided as shown in the event details or highlighted in
“Table 2 - Customer simulation calendar for the period April and May 2019”.
Corporate action In general, the confirmation will be provided once the payment authorisation
confirmation has been provided by the paying agent.
Customers will be informed via MT566, if subscription rights for the related
event type have been enabled in account master data and connectivity settings.
The corporate action confirmation will be provided on payment date as shown
in the event details or in “Table 2 - Customer simulation calendar for the period
April and May 2019”
Corporate action During the customer simulation, MT565 will not be supported.
instructions
Creation of market The related free of payment (FoP) instructions or payment free of delivery
claims (PFoD) instructions for cross-border transactions are generated and forwarded
to T2S for real-time settlement (RTS) several times during the day, depending
on when the underlying transaction was settled.
Creation of reverse The related free of payment (FoP) instructions are generated and forwarded to
claims T2S for Night-Time Settlement (NTS), only.
DCP reporting (UTEST) Customers acting as “Securities DCP” will receive sese.023, sese.024 and
sese.025, if enabled by the customers.
Customers acting as “Cash DCP” can subscribe for the related cash messages
(camt), if agreed with the responsible National Central Bank
Detection period for During the customer simulation, the market claims and transformation period
market claims and is five business days.
transformations
Instruction Customers can enter settlement instructions on their demand, if they want to
management test market claims, reverse claims or transformations. Based on the
compensation rules, instructions require the final settlement; therefore
customers need to agree with their counterparties on the respective instruction
details.
Customers who wish to settle free of payment (FoP) instructions can set up
such instructions against the CBF account 1117 000 “CBF W/KUNDENSIMU
CRC (PASSIV)”, if no other counterparty is available.
“Table 10 – OTC instruction flow” provides the required information to enter
OTC settlement instructions.
Liquidity transfer During the customer simulation, automated liquidity transfer services to the
service T2S DCA in UTEST will not be supported.
Securities proceeds All securities proceeds will be settled on UTEST. Securities movements and
balances will be reported via the automated connectivity channels (SWIFT, MQ
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 15Event-related activity General information related to the KADI processing
and File Transfer) as well as via the CASCADE Online Functionalities (HOST /
PC).
Security positions Please refer to section “2.1 Preparation of the customer simulation” for an
overview of the holdings provided for each registered account as defined in
“Table 1 - Dedicated ISINs for customer simulation period April and May 2019”.
Customers must ensure that they have sufficient holdings in the respective
ISIN on the registered accounts in order to successfully participate in the
customer simulation.
Usage of OPT / OUT flag Market and reverse claims as well as transformations will be processed
and Ex / Cum flag according to the compensation rules. Customers can still overrule the general
record date criteria to generate claims by using the respective flags (opt-out
flag / cum flag / ex flag) within their OTC instructions. Please refer to the CBF
Compensation Handbook for more details.
Table 4 – IMS23 system parameters for corporate actions processing (KADI)
6.3.2 Introduction
With the deployment of the CBF Release May 2019 and the T2S Release 3.0, modifications in the corporate
actions processing will be introduced. The necessary software updates were made available in the customer
simulation environment at the end of March 2019. This allows customers to test the full range of scope
elements regardless of whether they will be launched into production in May or June 2019.
The Focus Days will provide customers the opportunity to review their internal procedures for the following
enhancements:
• T2S CR 520 “Add new fields to T2S messages sese.020, sese.024 and sese.025 needed for CA
processing”.
o Customers acting in ICP mode will receive via MT548 (“Settlement Status and Processing
Advice“) the information about a cancellation of a transformation by using the field
:24B: (“Reason Code“) with the values “CAND//CANT” and the Corporate Action Event
Identification (CorpActEvtId) in field :20C: (“Reference”) using the qualifier “CORP”.
o Customers acting in DCP mode will receive the reporting via T2S based upon their T2S message
subscription in UTEST.
• Modifications driven by CSDR
In November 2018, CBF introduced the payment authorisation procedure. In May 2019, the following
enhancement will be introduced:
o For the cancellation of OTC and Stock Exchange transaction (LION) due to transformations in
cash, intraday processing cycles are used on the day of the payment authorisation in addition to
the current end of day processing.
o The generation and the settlement of securities instructions for reverse and market claims as
well as for transformations of pending instructions due to reorganisations in securities will be
done first after payment authorisation.
• Hold / Release functionality for reverse claims
The existing service for “Hold / Release” functionality for market claims will be extended to reverse
claims. The functionality will be available for the claim processing in CSC or NCSC securities.
Instructions will be created with the status “on hold”, when the seller (delivery instruction) has
subscribed for the CBF service. Hence, the customer must release the instruction, if settlement
should be achieved.
All Focus Days will be executed based on the conditions outlined in “Table 4 - IMS23 system parameters for
corporate actions processing (KADI)”. Additionally, on the following pages, event-driven details are defined
for interest payment and redemption in Euro, bonus shares and Pari Passu.
Clearstream Banking Frankfurt
16 Customer Simulation Period April and May 20196.3.3 Test preparation
Focus Day Redemption in Euro
Event type TA 130 / 220 – Mandatory event
SWIFT event ID REDM
ISIN DE000A168478
Security description 6 % GOTHAER ALLG.VERS.15/45 30.10.G
Instrument type Bond
Notification date 25 April 2019
Payment detail Redemption rate: 100%; payment will be executed in Euro.
Record date 30 April 2019
Value / payment date 2 May 2019
Event-specific details Two instructions will be created for this event type, that is, one instruction
for the cash leg and the withdrawal instruction for the security. The cash
instruction in Euro can settle in the upcoming DD cycle on the RTGS
account on T2 CUST. The cash account is defined in the static data for the
CBF securities account.
The instruction for the redemption (securities leg) will be transmitted in
real-time to UTEST. The test will support transformation in cash
procedure resulting into Transaction Price Claim (TPC) and Redemption
Price Claim (RPC).
Pending instructions are transformed once a day.
Focus Day Interest payment in Euro
Event type TA 110 – Mandatory event
SWIFT event ID INTR
ISIN DE000A168478
Security description 6 % GOTHAER ALLG.VERS.15/45 30.10.G
Instrument type Bond
Payment period 2 May 2018 to 1 May 2019
Notification date 25 April 2019
Payment detail Interest rate: 2%; payment will be executed in Euro.
Record date 30 April 2019
Value / payment date 2 May 2019
Event-specific details The payment instruction will be transmitted to the RTGS account on T2
CUST. The cash account is defined in the static data for the CBF securities
account.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 17Focus Day Bonus share (CBF in its role as Issuer CSD)
Event type Mandatory event
SWIFT event ID BONU
ISIN DE0006202005
Security description SALZGITTER AG O.N.
Instrument type Equity
Notification date 25 April 2019
Issuance details Ratio 1:2
Ex-date 26 April 2019
Record date 29 April 2019
Value / payment date 30 April 2019
Event-specific details The security distribution will be initiated on record date and forwarded to
the T2S NTS cycle.
The test case will support the market / reverse claim procedure.
Focus Day Bonus share (CBF in its role as Investor CSD)
Event type Mandatory event
SWIFT event ID BONU
ISIN CH0001840450
Security description VALARTIS GROUP AG INH.SF1
Instrument type Equity
Notification date 26 April 2019
Issuance details Ratio 1:1
Ex-date 30 April 2019
Record date 2 May 2019
Value / payment date 3 May 2019
Event-specific details The security distribution will be initiated on record date and forwarded to
the T2S NTS cycle.
The test case will support the market / reverse claim procedure.
Clearstream Banking Frankfurt
18 Customer Simulation Period April and May 2019Focus Day Pari Passu
Event type TA 232 – Mandatory event
SWIFT event ID PARI
ISIN DE0005785802
Security description FRESEN.MED.CARE KGAA O.N.
Instrument type Equity
Notification date 26 April 2019
Conversion details Ratio 1:1 resulting ISIN DE0005785604 FRESENIUS SE & CO.KGAA O.N.
Ex-date 30 April 2019
Record date 2 May 2019
Value / payment date 3 May 2019
Event-specific details Two instructions will be created for this event type, that is, one instruction
to debit the underlying ISIN and another instruction to credit the resulting
ISIN.
The instructions for the event will be transmitted to T2S NTS cycle.
The test case will support the transformation in securities procedure.
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 197. Contact
During the preparation and the execution of the customer simulation period from 23 April 2019
to 10 May 2019, please contact our Connectivity Support teams (connectfrankfurt@clearstream.com) for any
questions regarding the dedicated test cases.
Particular questions related to the setup and test data as well as the test results will be routed to the T2S
Settlement Functionality Team. During the customer simulation period, this team will be available from
09:00 to 16:00.
Clearstream Banking Frankfurt
20 Customer Simulation Period April and May 2019Appendix A - CBF processing day in customer simulation
The following table shows the CBF schedule for core activities, reporting times and deadlines within the “T2S
Synchronised Standard Day”.
T2S Activity CBF Activity Application / Timing Further details
system
Start of T2S T2S 07:00
Testing
Maintenance Window / End CBF 07:00
CASCADE Online / Start CASCADE 07:00
CASCADE Reporting CASCADE 07:30
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 08:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
Partial T2S 08:00
Settlement
Window 1 / Start
Partial T2S 08:15
Settlement
Window 1 / End
CASCADE Reporting CASCADE 09:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 10:00
MT536 – Clearing &
Settlement Statement
Partial T2S 10:00
Settlement
Window 2 / Start
DD1 Cycle, followed by CASH 10:10
optional generation of
Liquidity Transfers from
RTGS to DCA
Partial T2S 10:15
Settlement
Window 2 / End
Reporting KADI 10:30
MT564 – Notification
MT566 – Confirmations
(Income + Non-Income)
MT568 – Narrative
KADI Non-Income: KADI 10:30
instruction of Market
Claims on settled
underlyings
CASCADE Reporting CASCADE 10:30
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 11:00
MT536 – Clearing &
Settlement Statement
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 21T2S Activity CBF Activity Application / Timing Further details
system
CASCADE Reporting CASCADE 11:15
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
KADI Reporting KADI 11:30
MT566 – Confirmations
(Income)
CASCADE Reporting CASCADE 12:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
Partial T2S 12:00
Settlement
Window 3 / Start
Partial T2S 12:15
Settlement
Window 3 / End
KADI Non-Income: KADI 12:25
instruction of Market
Claims on settled
underlyings
Partial T2S n/a Not supported in
Settlement UTEST
Window 4 / Start
Partial T2S n/a Not supported in
Settlement UTEST
Window 4 / End
CASCADE Reporting CASCADE 12:45
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 13:00
MT536 – Clearing &
Settlement Statement
DD2 Cycle, followed by CASH 13:25
Optional generation of
Liquidity Transfers from
RTGS to DCA
CASCADE Reporting CASCADE 13:30
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
KADI-Reporting KADI 14:00
MT564 – Notification
MT566 – Confirmations
(Income + Non-Income)
MT568 – Narrative
Partial T2S 14:15
Settlement
Window 5 / Start
Deletion of pending CCP- CBF 14:15
instructions
DD3 Cycle, followed by CASH 14:15
Optional generation of
Liquidity Transfers from
RTGS to DCA
Clearstream Banking Frankfurt
22 Customer Simulation Period April and May 2019T2S Activity CBF Activity Application / Timing Further details
system
Partial T2S 14:30
Settlement
Window 5 / End
DvP/Cash SR T2S 14:30 In the context of the
Cut-Off CBF Cash Forecast
reporting, in the
simulation, the T2S
event “IDVP” is used to
generate the T2S Cash
Forecast towards
IMS23
Collateral T2S 15:00
Reimbursement
CASCADE Reporting CASCADE 15:00
MT536 – Clearing &
Settlement Statement
KADI-Reporting KADI 15:00
MT566 – Confirmations
(Income)
Cash Forecast for Night CASH 15:00
Time Processing
BATM/CBO Cut- T2S 15:10
Off
Inbound LTO T2S 15:15
cut-off and
Automatic Cash
Sweep
Acceptance of T2S 15:30
FoP instruction /
End (FoP cut-off)
End of Day T2S 15:30
Processing
CASCADE Reporting CASCADE 15:30
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
CASCADE End of day CASCADE 15:30
Processing
CASCADE Reporting CASCADE after T2S End
MT536 – Clearing & of Day
Settlement Statement Processing
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
CASCADE Reporting via CASCADE after T2S End
HOST File Service of Day
Daily Cash Report Processing
(“Geldtagesauszug”)
Cash Reporting: CASH after T2S End
MT942 – EUR Cash of Day
Clearing Report Processing
MT950 – EUR Cash
Clearing Report
CASCADE Reporting via CASCADE after the end
HOST File Service of T2S
Settlement List business day
(“Regulierungliste”)
Daily Account Statement
(“Depotauszug”)
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 23T2S Activity CBF Activity Application / Timing Further details
system
Reporting via HOST File CASCADE after the end
Service: KV133001 / of T2S
KV140001 / KV257001 business day
(various matching status) /
KV 259001 (trades affected
by custody events)
Cash Management: CASH 16:00
Deadline for entry, deletion
or modification of Liquidity
Transfer for following NTS
cycles
Start of Day T2S 16:15
Processing /
Change of
Business Day
CBF: Start of Day CBF: Start of Day 16:15
LION Online / Start (after CBF: LION Online 16:15
reorganisation)
KADI-Reporting KADI 16:15
MT564 – Notification
MT566 – Confirmations
(Non-Income)
MT568 - Narrative
Cash Management: CASH 16:30
Optional generation of
Liquidity Transfers from
RTGS to DCA based on CBF
Cash Forecast
Night-Time T2S 17:15
Settlement /
Start
CASCADE Reporting CASCADE 17:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
Night Time T2S ca. 17:40
Settlement / End
T2S: Early Real T2S ca. 17:40
Time Settlement
/ Start
KADI-Reporting KADI 18:00
MT564 – Notification
MT566 – Confirmations
(Non-Income)
MT568 – Narrative
Early Real-Time T2S 19:00
Settlement / End
Maintenance T2S 19:00
Window / Start
Testing / End T2S 19:00
Maintenance T2S ca. 19:10
Window / End
Real-Time T2S ca. 19:10
Settlement /
Start
KADI-Reporting KADI 19:30
MT564 – Notification
MT568 – Narrative
CASCADE Reporting CASCADE 20:00
MT536 – Clearing &
Settlement Statement
Clearstream Banking Frankfurt
24 Customer Simulation Period April and May 2019T2S Activity CBF Activity Application / Timing Further details
system
CASCADE Reporting CASCADE 21:30
MT535 – Statement of
Holdings
KADI-Reporting KADI 23:00
MT564 – Notification
MT566 – Confirmations
(Non-Income)
MT568 - Narrative
CASCADE Reporting CASCADE ca. 23:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
pending Transactions
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 23:45
MT537 – Statement of
Pending Transactions
MT586 – Statement of
Allegements
Reporting CASCADE 02:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
Pending Transactions
MT586 – Statement of
Allegements
CASCADE Online / End CBF: CASCADE 03:00
Online / End
Maintenance Window / CBF: 03:00
Start Maintenance
Window / Start
CASCADE Reporting CASCADE 05:00
MT537 – Statement of
pending transaction
MT586 – Statement of
Allegements
CASCADE Reporting CASCADE 06:00
MT536 – Clearing &
Settlement Statement
MT537 – Statement of
Pending Transactions
MT586 – Statement of
Allegements
KADI-Reporting KADI 06:00
MT564 – Notification
MT566 – Confirmations
(Income + Non-Income)
MT568 – Narrative
Maintenance T2S 07:00
Window / End
Table 5 - CBF processing day in IMS23
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 25Appendix B - T2S Deployment Schedule
Together with the T2S Release 3.0 – Information on the production launch, CBF provided two lists4:
• T2S Release 3.0 Overview CRs Version 1.0;
• T2S Release 3.0 PBIs Version 2.0.
These lists show the latest descriptions of the related T2S Change Requests (CRs) and Problem Tickets
(PBIs) that might have impact on CBF customers acting in ICP and / or DCP mode.
The table below shows the software deployment dates for the related T2S CRs and PBIs that might have an
impact on CBF customers acting in ICP and/or DCP mode. During the preparation of the test cases,
customers are requested to consider that not all T2S software components will be available with the start of
the CBF Customer Simulation period.
Deployment to
Related Number CR / PBI Package
UTEST
PBI 201026 PBI 1 22.03.2019
PBI 202109 PBI 2 22.03.2019
PBI 202417 PBI 1a 22.03.2019
PBI 202499 PBI 1a 22.03.2019
PBI 202144 PBI 4 22.03.2019
PBI 203192 PBI 2 22.03.2019
PBI 203421 PBI 4 22.03.2019
PBI 203471 PBI 4 22.03.2019
PBI 203457 PBI 1 22.03.2019
PBI 203496 PBI 3 22.03.2019
PBI 203720 PBI 2 22.03.2019
PBI 203938 PBI 3 22.03.2019
PBI 204058 PBI 3 22.03.2019
PBI 204109 PBI Not defined 22.03.2019
PBI 204183 PBI Not defined 22.03.2019
PBI 204405 PBI 4 22.03.2019
T2S-0520-SYS CR 1 22.03.2019
T2S-0542-SYS CR 2 22.03.2019
T2S-0543-SYS CR 3 22.03.2019
T2S-0587-SYS CR 1 22.03.2019
T2S-0590-SYS CR 2 22.03.2019
T2S-0600-SYS CR 1 22.03.2019
T2S-0607-SYS CR 1 22.03.2019
T2S-0612-SYS CR 1 22.03.2019
T2S-0646-SYS CR Bug fixing 17.05.2019
T2S-0652-SYS CR 1 22.03.2019
T2S-0670-SYS CR 1a 22.03.2019
T2S-0686-SYS CR 4 22.03.20195
Table 6 – T2S software deployment date for CRs and PBIs in UTEST
4
In case of updates, customers are requested to use the latest version of the Release Information for their preparation of
test cases.
5
CBF will update the reporting for customers acting in ICP mode with the Release November 2019.
Clearstream Banking Frankfurt
26 Customer Simulation Period April and May 2019Appendix C - Setup of domestic OTC settlement instructions
The following table provides customers the information required to enter OTC settlement instructions.
General information for settlement Domestic OTC free of payment and against payment Euro
instructions in NTS cycles and RTS (OTC DFoP / RFoP, PFoD debit / credit, DvP / RvP Euro and
DwP / RwP Euro)
Send date /
Reporting Report, if ordered by
Instruction entry online
type customers for IMS23
availability
Type CASCADE ISO ISO 20022 ISO 15022 MT548 (Status reporting) Real-time
-HOST / 15022 (DCP) (ICP)
PC (ICP)
MT545 - MT547 Real-time
(Deliver / Receive Free
DFoP/ KVEE-WE/ MT542/ sese.023 confirmation -
DvP OTC - MT543 DELI with Deliver / Receive against
(DwP) enter FREE or payment confirmation
delivery with APMT
MT578 Real-time
and CRDT
(Settlement Allegement)
KVEK /
OTC –
MT535 End of Day
unverified
(Statement of Holdings) (EoD)
instructio
ns – verify
RFoP/ KVEE-MI / MT540/ sese.023 MT536 End of Day
RECE with (Statement of settled (EoD):
RvP OTC – MT541
FREE or
Transactions / Clearing complete or at
(RwP) enter
& Settlement Statement predefined
receipt with APMT
(C&S Statement) sending times
and DBIT
(Delta)
KVEK /
OTC – MT537 Daytime: hourly
unverified (Pending CASCADE OTC
Night-time:
instructio instructions)
At predefined
ns – verify
times or events
see DvP see DvP /
PFoD (PFoD RvP MT586 Daytime: hourly
debit as DELI / (Statement of
RvP with Night-time:
RvP Allegements)
nominal =
at predefined
(PFoD
times or events
0 RECE)
CASCADE KVDU-ID (movements) CASCADE
PFoD HOST KVBA-BB Online opening
credit as (Positions per ISIN) hours
DvP with KVAI
nominal = (Pending verified
0 instructions)
CASCADE- movements / positions
PC - movements – booked
movements
- final positions
OTC-pending
instructions
ISO 20022 See Connectivity Handbook DCP
(DCP)
Table 7 – OTC instruction flow
Clearstream Banking Frankfurt
Customer Simulation Period April and May 2019 27Contact Published by
www.clearstream.com Clearstream Banking Frankfurt
Registered address
Clearstream Banking AG
Mergenthalerallee 61
65760 Eschborn
Germany
Postal address
Clearstream Banking AG
60485 Frankfurt / Main
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