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Buy-side CTM users can switch on the CBIC subscription for their organization. If this is enabled, CTM automatically copies the PSET BIC value to the PSAF field. We strongly recommend that users of the CTM Settlement Notification functionality do this. This functionality will also be available to sell-side clients at a later date.

If, once matching takes place, CTM identifies that the PSET and PSAF values are identical, it removes the PSAF value. Below is an example of the Settlement Information when the CBIC subscription is enabled, along with the corresponding tags as populated in the SWIFT message.

CBIC SettlementInformation v2

 

:94F::SAFE//NCDS/SICVFRPPXXX (94 is the PSAFE)

:95P::PSET//CIKBBEBBXXX (95P is the PSET)

 

To enable the CBIC subscription, your Product Administrator needs to submit a support case requesting the CBIC subscription for your CTM organization. Submit a case at www.dtcc.com/servicecentral

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