What is an alleged instruction?
An allegement is an instruction presented by a counterparty against an account for which no exactly matching instruction can be found. Upon receipt of the allegement from one of the above domestic markets, Clearstream Banking will search for the best matching customer instruction candidate. If the allegement potentially matches with a customer instruction, up to eight unmatched reason codes (one primary plus a maximum of seven secondary), detailing the differences with the alleged instruction will be reported. SWIFT and CreationDirect users will receive the information via MT 548 Settlement Status and Processing Advice and/or MT 537 Statement of Pending Transactions. CreationOnline users can view the same information by using the OTC Post Release detail view. If no matching customer instruction is found, the allegement will be reported to the customer provided that its Clearstream account number is present.
