09/24/2021 | Press release | Distributed by Public on 09/24/2021 08:27
Note: This announcement originally published on 17 June 2021 and updated on 12 August and 21 September 2021, has been further updated with information on the customer impact for RMA and DN Set Up and Power of Attorney (PoA) approach, including respective Templates.Changes have been highlighted.
As part of our regular communications, and further to announcement C20019, Clearstream Banking1 would like to inform customers about the ongoing activities regarding ISO 20022 rollout for General Meeting (GM). The implementation of ISO 20022 messaging format for all GM messages is scheduled to go live and replace the existing ISO 15022 messaging information on
22 November 20212
Clearstream Banking's GM messages will be upgraded to ISO 20022. All GM messages will be exclusively based on ISO 20022 format, being the only endorsed ISO format. Following this strategy, Clearstream Banking asks customers to consider the Clearstream SWIFT User Guide for General Meetings ISO 20022.
The dedicated Clearstream ISO 20022 SWIFT User Guide will describe the message specifications for the below listed messages:
MessageDefinition |
Abbreviated Name |
Message Identifier |
MeetingNotification |
MENO |
seev.001.001.08 |
MeetingCancellation |
MECN |
seev.002.001.07 |
MeetingEntitlementNotification |
MENT |
seev.003.001.07 |
MeetingInstruction |
MEIN |
seev.004.001.07 |
MeetingInstructionCancellationRequest |
MEIC |
seev.005.001.07 |
MeetingInstructionStatus |
MEIS |
seev.006.001.07 |
MeetingVoteExecutionConfirmation |
MECO |
seev.007.001.07 |
MeetingResultDisseminationa |
MERD |
seev.008.001.07 |
a. If received from agent.
All customers must prepare to receive GM messages and instruct in ISO 20022 as of 22 November 2021. The subscription will be possible via the below mentioned connectivity channels as of October 2021.
The existing ISO 15022 messages for GM will be decommissioned (messages regarding corporate actions other than general meetings will remain). This incorporates the following messages:
Transition: Clearstream will not cancel meeting notifications that have been sent in ISO 15022 format before launch date. Customers have to instruct for these events still in ISO 15022.
Customers should be aware that due to the change of formats, General Meeting events will no longer be part of the Urgent Uninstructed Balance report and of the Corporate Action Reference Data report.
All currently received MT564 messages for GM will be unsubscribed by default.
The KVGI customer online GUI will be switched off for GM events.
Customers who want to exchange ISO 20022 messages via SWIFTNet FINplus, must ensure the following:
Clearstream Banking strongly recommends that customers manage their report subscriptions directly via Xact Web Portal.
Customers that need to request the report set up via MT599 and Email to [email protected] are advised to send the request up until cutover on 12 November 2021. After this date, requests will be processed on a best effort basis.
If a customer is only using Xact Web Portal, neither an RMA nor a DN exchange with Clearstram Banking is required.
To support the new formats, Clearstream will implement a Meeting Event Subdomainin the Xact Web Portal allowing customers to receive ISO 20022 notifications and send instructions. As of the implementation date, customers can provide instructions via an upload functionality, using CA Instruction File Upload.The full GUI delivery will follow at a later stage.
This new subdomainwill be available to all customers with accounts in Clearstream Banking S.A. (CBL) or Clearstream Banking AG (CBF) that have access to Asset Services through the Xact Web Portal. Access to the new module must be granted by an OU Administrator to the users who will be in charge of processing meeting events.
If customers would like to receive XML reports using their "Xact File Transfer via Internet" connectivity, they can schedule the report in Xact Web Portal.
For details regarding Meeting Events and related new functionalities on the Xact Web Portal, customers should refer to Announcement C21047.
For further information please contact [email protected] or the Clearstream Connectivity Helpdesk.
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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. A letter was sent to the European Commission on 9 April 2020, co-signed by 11 industry associations, to request a 12-month postponement of the SRD II Implementation Regulation deadline. This request has been rejected by the European Commission.