Scope - Clearstream

Annex 6: Taxonomy/ Asset Servicing Checklists
The ISMAG taxonomy lists and defines all critical information required for high quality
asset servicing, and is based on the higher volume corporate action and income events.
The checklists hereafter have been re-grouped in three documents according to the
security’s and event life cycle:
Static data elements which are described in security T&C at issuance and contain
information on predictable events for a security, i.e. events that will or could happen
during the security lifecycle (e.g. put redemption, full call /early redemptions, interest
payments, conversions, etc.)
See Annex 6A: Asset Servicing Checklist “A”: Final Documentation Fields
Dynamic data transmitted post-issuance:
• to notify or complete the (unpredictable) features of a previously documented
predictable event (e.g. rate fixing notifications, deadlines, etc.)
See Annex 6B: Asset Servicing Checklist “B”: Notification Fields for
Predictable Events;
• to notify an event not foreseen in the security T&C, so called unpredictable events,
which have separate governing event documents (e.g. exchange offers, tenders, …)
See Annex 6C: Asset Servicing Checklist “C”: Notification Fields for Unpredictable
Events.
Implementation of this taxonomy by upstream parties will ensure end-to-end market
common understanding.
Recommended checklist Users Reference in MPB
“A “ Issuers, Lawyers as per New Issues information flow
“B “ Calculation Agents, Corporate as per Income and Corporate Action
Action Agents, Paying Agents information flows
“C “ Issuers, Lawyers and Corporate
Action Agents, Information Agents
as per Corporate Action Information flow
How to use?
1. as checklists, when drafting security or event documentation, to ensure completeness
of information required per events,
2. as a data dictionary, when drafting security or event documentation, to ensure
common understanding,
3. as templates, they can be downloaded, using the Excel version on the ISMAG
websites, the relevant details be inserted then sent to the appropriate recipients.
The latter creates a standard for structured messages.
Content?
On the following pages, an ISMAG checklist is provided for the most frequent Corporate
Action and Income events.
A NNEXES - MARKET PRACTICE BOOK
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