Germany. Disclaimer. Clearstream Banking 26 October 2012 Creation-CASCADE Realignment Guide Germany - 1

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1 The links between Clearstream Banking s platforms, CASCADE and Creation, and several Central Securities Depositories (CSD) enable customers to transfer eligible securities 1 from one platform to the other, for example, from Collective Safe Custody (CSC) to Non-Collective Safe Custody (NCSC) and vice versa. These transfers, that exclude by definition any change of beneficial ownership, are referred to in this document as Creation-CASCADE realignments. The realignment process is initiated by customers as follows: For realignment from CASCADE to Creation: - In CASCADE, by an instruction to deliver securities free of payment to the account of Clearstream Banking SA, Luxembourg with the corresponding depository, in favour of the customer s account in Creation. - In Creation, by an instruction to receive securities, free of payment, from CASCADE. For realignment from Creation to CASCADE: - In Creation, by an instruction to deliver securities, free of payment, to the account of Clearstream Banking AG, Frankfurt with the corresponding CSD, in favour of the customer s account in CASCADE. - In CASCADE, by an instruction to receive securities, free of payment, from Creation, if the receiving account is set up for "active" matching in CASCADE. Disclaimer Clearstream Banking does not accept any responsibility for any cross-border settlement delays. The instruction specifications contained in this document are correct at the time of its publication for currently eligible securities Please note that Clearstream Banking is not always advised of changes affecting these specifications. However, Clearstream Banking will update this document on the Clearstream Banking web site ( as soon as it is made aware of any amendment. 1. To be eligible for realignment, a security must be accepted in CASCADE, in Creation and by the appropriate CSD. Clearstream Banking 26 ctober 2012 Creation-CASCADE Realignment Guide Germany - 1

2 Transfer of securities from CASCADE to Creation Delivery instruction specifications in CASCADE CASCADE (KVEE/WE) CASCADE PC Deliver Free of Payment (01) Schlusstag Trade Date Last-Kto Customer account CASCADE Gut-Kto 7201 a Begünstigte Depotbank 5 digit customer account in Creation Endbegünstigter Text Additional information Deliver Free of Payment Trade date Trade date Debit account Customer account CASCADE Credit account 7201 a beneficiary custodian 5 digit customer account in Creation account beneficiary Text Additional information SWIFT T542 Deliver Free :98A: :TRAD//Trade date :97A: :SAFE//CASCADE debit account :95P: :PSET//DAKVDEFFD :95R: :REAG/DAKV/7201 a :95R: :RECU//CEDE/5 digit customer account in Creation :95Q: :BUYR// :70E: :SPR//Additional information 26 ctober 2012 Clearstream Banking Germany - 2 Creation-CASCADE Realignment Guide

3 Receipt instruction specifications in Creation Creationnline Receive Free Trade Date Deal Price Place of Settlement BIC DAKVDEFF - Germany Clearstream Delivering Agent Clearstream Banking Frankfurt counterparty's CBF account Seller BIC ordering party's or Seller Name and address (if BIC does not exist) ordering party's name ordering party's account Creation via SWIFT and CreationDirect T540 Receive Free :98a: :TRAD //Trade date/time :90a: :DEAL //Deal price :95P: :PSET //DAKVDEFF[XXX] :95P: :DEAG //Counterparty s BIC or :95R: :DEAG /DAKV/XXXXXXX ( at CBF) a C :97A: :SAFE //XXXXXXX ( at CBF) a (mandatory if :95P::REAG) :95P: :SELL //rdering party s BIC, if different from DEAG or :95Q: :SELL //rdering party s name, if different from DEAG (if BIC does not exist) :97A: :SAFE //rdering party s account a. First four digits: the main CBF CASCADE account number; final three digits: the corresponding CASCADE sub-account number or 000 if no sub-account is available. Clearstream Banking 26 ctober 2012 Creation-CASCADE Realignment Guide Germany - 3

4 Transfer of securities from Creation to CASCADE Delivery instruction specifications in Creation Creationnline Deliver Free Trade Date Deal Price Place of Settlement DAKVDEFF - Germany Clearstream Receiving Agent CBF Counterparty s 7-digit CBF account Buyer BIC Beneficiary s BIC Beneficiary s account or Buyer Name and address Beneficiary s name Beneficiary s account Creation via SWIFT and CreationDirect T542 Deliver Free :98a: :TRAD //Trade date/time :90a: :DEAL //Deal price :95P: :PSET //DAKVDEFF[XXX] :95P: :REAG //Counterparty s BIC or :95R: :REAG /DAKV/XXXXXXX ( at CBF) a C :97A: :SAFE //XXXXXXX ( at CBF) a (mandatory if :95P::REAG) :95P: :BUYR //Beneficiary s BIC, if different from REAG or :95Q: :BUYR //Beneficiary s name, if different from REAG (if BIC does not exist) :97A: :SAFE //Beneficiary s account a. First four digits: the main CBF CASCADE account number; final three digits: the corresponding CASCADE sub-account number or 000 if no sub-account is available. 26 ctober 2012 Clearstream Banking Germany - 4 Creation-CASCADE Realignment Guide

5 Receipt instruction specifications in CASCADE A receive free instruction is required if the customer account is setup in CASCADE for active matching. CASCADE (KVEE/I) CASCADE PC Receive Free of Payment (02) Schlusstag Trade Date Last-Kto 7201 a Gut-Kto Customer account CASCADE Auftraggebende Depotbank 5 digit customer account in Creation rig.-auftraggeber Text Additional information Receive Free of Payment Trade date Trade date Debit account 7201 a Credit account Customer account CASCADE deliverer s custodian 5 digit customer account in Creation account orderer Text Additional information SWIFT T540 Receive Free :98A: :TRAD//Trade date :97A: :SAFE//CASCADE debit account :95P: :PSET//DAKVDEFFD :95R: :DEAG/DAKV/7201 a :95R: :DECU/CEDE/5 digit customer account in Creation :95Q::SELL// :70E:: Additional information Clearstream Banking 26 ctober 2012 Creation-CASCADE Realignment Guide Germany - 5