Asset Services: Enhanced corporate actions reporting for mandatory Partial Redemption events (MAND PRED)
LuxCSD1 informs clients that it will enhance corporate actions reporting for mandatory Partial Redemption events (MAND PRED), effective
30 November 2026
with the reporting of both the pool factor reduction rate (RATE) and the applicable Cash offer/Redemption price (OFFR).
Benefit for clients
The reporting of RATE and OFFR will provide more accurate reporting when securities are redeemed at a price other than 100% (at a premium or discount).
The following messages will display both the rate and price fields:
Swift | Message Types | Field / Element | Content / Behaviour |
ISO 15022 | MT564 (NEWM, REPL, REPE) MT566 (NEWM, REVR) | :92A::RATE// | Continues to report the pool factor reduction rate as today. |
:90A::OFFR// | Reports the actual received offer/redemption price (instead of defaulting to 100%). | ||
ISO 20022 | seev.031 seev.035 seev.036 seev.037 | <AplblRate>/<Rate> | Continues to report the applicable reduction rate as today. |
<GncCshPricRcvdPerPdct>/<PctgPric>/<PctgPricTp>/<PricVal> | Reports the actual received offer/redemption price. |
Further information
For further information, please contact LuxCSD Client Services or your Relationship Manager.
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1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.