Clearstream Banking1 informs clients about new requirements for Ukraine settlement instructions effective
13 January 2025
Impact on clients
The details in field :70E:://SPRO are necessary and binding to settle each transaction.
Final beneficial owners of Ukrainian Government bonds for transactions settled via the link can only be non-resident institutions and local Ukrainian banks.
If an instruction is settled as “no change of beneficiary ownership” (NCBO), Citi Kyiv acting as account operator for CBL has the right to request additional confirmation of the custody account opened for the beneficiary outside of Ukraine.
New instruction specifications from 13 January 2025
MT540 Receive Free
Seq
M
:22F:
:BENE
//YBEN, NBEN
M
:98a:
:TRAD
//Trade date
B
M
:70E:
:SPRO
For change of benefical owner trades:
1st line//Name of the seller and seller's Registration code
2nd line//PSA No. nnnnnn (Number of purchase/sale agreement)
3rd line//ddmmyyyy (Date of agreement format)
4th line//Settlement price amount and currencya
5th line// Please quote “non-resident” for non-resident institutions
OR
“custodian” or “bank” for resident institutions
For NCBO trades
1st line//Name of seller
2nd line// Please quote “non-resident” for non-residents institutions
OR
“custodian”, “bank” for resident institutions
B1
M
:95P:
:PSET
//NBUAUAUXXXX
E1
M
:95P:
:DEAG
/BIC of CP’s local agent in UKR
M
:95P:
:SELL
/BIC of CP
M
:97A:
:SAFE
//nnnnnn-XXnnnnnnnn
up to 6 digits dash 2 Latin characters followed by 8 digits (for non-resident institutions)
OR
//nnnnnn-XXnnnnnn up to 6 digits dash 2 Latin characters followed by 6 digits (for local custodians)
a. The deal price is not required if there is no change in beneficial owner. When present, it should be expressed as the actual price in the currency of the deal and UAH deal amount if available. Any deal price in expressed in % will be rejected.
MT542 Deliver Free
Seq
M
:22F:
:BENE
//YBEN, NBEN
M
:98a:
:TRAD
//Trade date
B
M
:70E:
:SPRO
For CBO trades:
1st line//Name of the buyer and buyer's Registration code
2nd line//PSA No. nnnnnn (Number of purchase/sale agreement)
3rd line//ddmmyyyy (Date of agreement format)
4th line//Settlement price amount and currencya
5th line// Please quote “non-resident” for non-residents institutions
OR
“custodian”, “bank” for resident institutions
For NCBO trades
1st line//Name of buyer
2nd line// Please quote “non-resident” for non-residents institutions
OR
“custodian”, “bank” for resident institutions
B1
M
:95P:
:PSET
//NBUAUAUXXXX
E1
M
:95P:
:REAG
/BIC of CP’s local agent in UKR
M
:95P:
:BUYR
/BIC of CP
M
:97A:
:SAFE
//nnnnnn-XXnnnnnnnn
up to 6 digits dash 2 Latin characters followed by 8 digits (for non-resident institutions)
OR
//nnnnnn-XXnnnnnn up to 6 digits dash 2 Latin characters followed by 6 digits (for local custodians)
a. The deal price is not required if there is no change in beneficial owner. When present, it should be expressed as the actual price in the currency of the deal. Any deal price in expressed in % will be rejected.
In the above tables, M=Mandatory; O=Optional; C=Conditional; Seq=Swift message (sub)sequence.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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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 (for Clearstream Banking AG clients using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.
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