Vestima - Clearstream

1 VestimaInvestment Funds ServicesSWIFTNet Funds Release ISO 20022 User GuideJanuary 2018 Vestima - Investment Funds ServicesSWIFT ISO 20022 User GuideJanuary 2018 Document number: 6568 This document is the property of Clearstream Banking, soci t anonyme ( Clearstream Banking ) and may not be alteredwithout the prior express written consent of Clearstream Banking. Information in this document is subject to change withoutnotice and does not represent a commitment on the part of Clearstream Banking, or any other subsidiary or affiliate ofClearstream International, soci t anonyme.

2 This document does not constitute a Governing Document as defined inClearstream Banking's General Terms and Conditions. This manual is only available in electronic format. ClearstreamBanking allows customers to print the manual locally for their own part of this manual may be reproduced or transmitted in any form or by any means, electronic or mechanical, includingphotocopying and recording, for any purpose without the express written consent of Clearstream Banking. Copyright Clearstream International, soci t anonyme (2017). All rights is a registered trademark of Clearstream International, soci t anonyme.

3 SWIFT is a registered trademark of theSociety for Worldwide Interbank Financial International, soci t anonyme, is a Deutsche B rse Group Banking 2018 Vestima SWIFT ISO 20022 User Guide1 ForewordVestima, the investment fund order routing, execution and management service fromClearstream Banking, streamlines, simplifies and standardises all aspects of investment funds linked with Clearstream Banking s clearing, settlement and custody services, Vestima canprovide participants with secure straight-through processing from order input through to settlementinstructions issuance and final settlement, if required.

4 For order issuers (OIs), this means direct,immediate access to a wide network of order handling agents (OHAs), eliminating any need to trackdown unfamiliar funds and contact the relevant agents. OHAs, meanwhile, benefit from a real-timeconnection to a significant customer base and get STP trades from a single technical order processing is simple and easy to use. The OI creates an order on screen using a standardtemplate; Vestima transmits the order to the appropriate OHA for completion; and a confirmation isreturned immediately to the OI. The order is now ready for can accept orders through the Vestima web browser interface or via SWIFT and all OIs andOHAs can use either option at any time.

5 This choice of format provides flexibility for all participants andbrings the maximum range of funds within easy reach of a broad customer Banking offers two options for customers, Vestima and VestimaPRIME, that are automatedorder routing services. Vestima provides a highly automated service aimed towards mutual funds,whereas VestimaPRIME targets complex and alternative investment funds. Unless otherwise stated,VestimaPRIME is to be considered an integral part of the Vestima services provided by ClearstreamBanking, and the term Vestima also refers to 2018 Clearstream Banking SWIFT ISO 20022 User GuideContact detailsFor further information or if you have specific questions regarding the Vestima system and/orcommunications with Clearstream Banking, you can contact Customer Service in Luxembourg asfollows.

6 If you need assistance with Vestima , it would be helpful if you have the following information to handbefore contacting Clearstream Banking: Your organisation name and Vestima Identity (ID); Your name, telephone and fax numbers and your e-mail address; Your SWIFT Distinguished Name (DN) address; Details of the inquiry (please have full details available).Participants should note that, as is normal practice within financial organisations, Clearstream Bankinghas implemented telephone line recording to ensure that the interests of Clearstream Banking and ofits participants are protected against misunderstandings or subject to telephone line recording include Customer Service, the Treasury Dealing Room andback office operations.

7 The recorded lines are the subject of an ongoing formal maintenance and qualitycontrol programme to ensure their continued effective and appropriate deployment and :+352-243-38110+352-243-32833+352-243-32 555 Connectivity Support for access/configuration issuesVestima Client Services for business queriesVestima Product informationFax:+352-243-638110 Connectivity Client Services for business Banking Banking Investment Funds ServicesClearstream Banking 2018 Vestima SWIFT ISO 20022 User Guide3 ContentsForeword .. 1 Contact details.. 2 Communicating with Vestima via SWIFT.

8 5 The address of Vestima .. 5 Vestima ISO 20022 Message Exchange (MX) reference specifications.. 5 Message flows .. 6 General flow .. 6 Message validation .. 6 Provision checking .. 7 Order rejection by the OHA .. 7 Cancellation requests .. 7 Confirmation by the OHA .. 8 Order Confirmation Cancellation and Amendment by the OHA .. 8 Securities message rejection due to non-business reasons .. 8 Message specifications .. 9 Message Validation .. 9 Message Flow testing .. 9 Valid characters for use in message text .. 9 ContentsJanuary 2018 Clearstream Banking SWIFT ISO 20022 User GuideThis page has intentionally been left with Vestima via SWIFTC learstream Banking 2018 Vestima SWIFT ISO 20022 User Guide5 Communicating with Vestima via SWIFTThe address of VestimaMessages to and from Vestima come from the following Distinguished Name (DN):ou= Vestima ,o=cedelull,o=swift for Vestimaou=funds,o=cedelull,o=swift for VestimaPRIMEV estima uses the following SWIFT InterAct services for the above for product network !

9 P for test and training messagesVestima ISO 20022 Message Exchange (MX) reference specificationsBusinessprocessISO 2022 Message NameISO 20022 Message IdentifierISO 15022 Message Type EquivalentMessages exchanged with: a a. OI=Order Issuer; OHA=Order Handling Agent; RCV=Receiving; SND= OHAsVestimaVestimaRCVSNDRCVSNDbb. Use is excluding Order Cancellation bOrder Order Confirmation Cancellation Instruction b Order Cancellation bOrder Order Confirmation Cancellation Instruction b bOrder Cancellation bOrder b Order Confirmation Cancellation Instruction b StatusOrder Instruction Status bOrder Cancellation Status bOrder Confirmation Status bSecurities Message Communicating with Vestima via SWIFTJ anuary 2018 Clearstream Banking SWIFT ISO 20022 User GuideMessage flowsThe general flow of SWIFT messages for investment fund transactions is as in the

10 Following figure:The following sections describe how SWIFT messages are exchanged with VestimaGeneral flow1. An Order Issuer (OI) sends either a subscription ( ), redemption ( ) or switch( ) order to Vestima . It is created and enriched using reference data that is held within theVestima Vestima sends the order message ( , setr004 or ) to the appropriate If the Order Handling Agent (OHA) returns an order instruction status report ( ) to Vestimaacknowledging its reception, Vestima will forward the order status message to the Following execution of the order, the OHA sends a confirmation to Vestima , it is either asubscription ( ), redemption ( ) or switch ( )