Note: This announcement, originally published on 3 March 2025, has been updated to change the implementation date. The changes have been highlighted.
Clearstream Fund Centre1 informs clients that effective
24 November 2025
new Cash Correspondent Banks will operate for the following currencies:
Currency
Bank
CHF
UBS AG, Zurich
EUR (via T2S RTGS)
Banque centrale du Luxembourg
GBP
HSBC Bank plc, London
USD
JP Morgan Chase, New York
The BIC and account numbers will be communicated in due course.
These new CCBs will facilitate cash-related transactions for CFCL clients, enhancing cash management operations in the Investment Fund Business.
Impact on clients
From 24 November 2025, the processing of cash messages using CBL CCBs or setting CBL as an intermediary for sending cash instructions in the above currencies will no longer be supported.
Connectivity (Swift):
The procedure for instructing cash transactions (deposits and withdrawals) will slightly change from CFCL's current practices.
CFCL will discontinue the use of CBL as an intermediary financial institution and its CCBs for those in scope currencies. Instead, CFCL will directly utilise its own CCBs directly to process cash transactions with their clients.
Note: All other currencies except the four (4) mentioned above will remain unaffected by the new CCBs set up and the messages will continue to be processed as they are today.
Messages impacted by this change
MX message
Equivalent MT
Nomenclature
pacs.009 COV
MT202 COV
Financial Institution Credit Transfer (Cover Payment)
pacs.009 ADV
MT200/202
Financial Institution Credit Transfer (Advice)
pacs.009
MT200/202
Financial Institution Credit Transfer
pacs.008 STP
MT103 STP
Customer Credit Transfer (STP)
pacs.008
MT103
Customer Credit Transfer
pacs.004 (Return)
MT 103/202 RETN
Payment Return
camt.105
MT190/290
Charges Payment Notification
camt.057
MT210
Notification to receive
camt.054
MT900/910
Customer Debit/Credit Notification
Note: Instructions unrelated to cash will not be impacted by this new CCB set up. Also the CCB deadlines will not change with respect to the existing CBL CCB’s.
Further information
CFCL will open additional CCBs in other currencies and details will be provided in due course.
For further information please contact Clearstream Fund Centre Client Services or your Relationship Officer.
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1. Clearstream Fund Centre refers to Clearstream Fund Centre 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-261691.
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