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CURRENT SITUATION : Contractual income payment with reversal within 30 days

CURRENT SITUATION : Contractual income payment with reversal within 30 days. Pay date + 30. Pay date. Credit of client cash accounts. Receipt of cash from issuer or issuer agent. CSD , ICSD , Sub-Custodian. MT_566 ( sub-cust ) 23G: NEWM (22H: CONT// CONT) + cash move D2.

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CURRENT SITUATION : Contractual income payment with reversal within 30 days

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  1. CURRENT SITUATION: Contractual income payment with reversal within 30 days Pay date + 30 Pay date Credit of client cash accounts Receipt of cash from issuer or issuer agent CSD , ICSD , Sub-Custodian MT_566 ( sub-cust ) 23G: NEWM (22H: CONT//CONT) + cash move D2 (1) Receipt of income payment (2) Reconciliation process Credit of client cash accounts Global Custodian or CSD/ICSD participants MT_566 23G: NEWM (22H: CONT//CONT) + cash move D2 Final beneficial owner Provisional cash posting Confirmation of cash postings – finality of settlement

  2. CHANGE TO BE DISCUSSED: confirmation of contractual payment via MT566 Pay date + 30 Pay date PROPOSAL 1 Credit of client cash accounts Receipt of cash from issuer or issuer agent CSD , ICSD , Sub-Custodian MT_566 ( sub-cust ) 23G: NEWM (22H: CONT//CONT) + cash move D2 (1) Receipt of income payment (2) Reconciliation process (3) Confirmation of income payment MT_566 23G:CONF 22H: CONT//ACTU 16R: LINK/PREV with or without cash move D2 (?) Credit of client cash accounts Global Custodian or CSD/ICSD participants MT_566 23G: NEWM (22H: CONT//CONT) + cash move D2 (1) Receipt of confirmation of income payment (2) Reconciliation process (3) Confirmation of income payment MT_566 23G:CONF 22H: CONT//ACTU 16R: LINK/PREV with or without cash move D2 (?) Final beneficial owner Provisional cash posting Confirmation of cash postings – finality of settlement

  3. CHANGE TO BE DISCUSSED: confirmation of contractual payment via MT567 Pay date + 30 Pay date PROPOSAL 2 Credit of client cash accounts Receipt of cash from issuer or issuer agent CSD , ICSD , Sub-Custodian MT_566 ( sub-cust ) 23G: NEWM (22H: CONT//CONT) + cash move D2 (1) Receipt of income payment (2) Reconciliation process (3) Confirmation of income payment MT_567 16R: LINK/PREV 25D: EPRC//RECD Credit of client cash accounts Global Custodian or CSD/ICSD participants MT_566 23G: NEWM (22H: CONT//CONT) + cash move D2 (1) Receipt of confirmation of income payment (2) Reconciliation process (3) Confirmation of income payment MT_567 16R: LINK/PREV 25D: EPRC//RECD Final beneficial owner Provisional cash posting Confirmation of cash postings – finality of settlement

  4. CURRENT SITUATION: Reversal of a contractual income payment and adjustment Pay date + 30 Pay date Credit of client cash accounts Receipt of cash from issuer or issuer agent CSD , ICSD , Sub-Custodian (1) Receipt of income payment (2) Reconciliation process (3) Reversal and new actual payment MT_566 ( sub-cust ) 23G: NEWM (22H: CONT//CONT) + cash move D2 MT_566 23G:REVR 22H: CONT//CONT 16R: LINK/PREV + cash move D2 MT_566 23G: NEWM 22H: CONT//ACTU 16R: LINK/PREV + cash move D2 Credit of client cash accounts Global Custodian or CSD/ICSD participants (1) Receipt of confirmation of income payment (2) Reconciliation process (3) Reversal and new actual payment MT_566 23G: NEWM (22H: CONT//CONT) + cash move D2 MT_566 23G:REVR 22H: CONT//CONT 16R: LINK/PREV + cash move D2 MT_566 23G: NEWM 22H: CONT//ACTU 16R: LINK/PREV + cash move D2 Final beneficial owner Provisional cash posting Reversal and confirmation of actual cash postings – finality of settlement

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