MIDI chase


I have an issue with MIDI chase which I didn’t have with Cubase 6.5, and I wonder if I’ve missed something in the preferences.

I’ve enabled the relevant options in the Preferences dialog:
Screen Shot 2015-01-17 at 12.26.23.png
But even so, if you refer the the following screenshot, I always have to rewind back to before the first CC message and then play, otherwise the CC value gets reset (to 127 it seems). It’s therefore impossible for to start playback from somewhere in the middle of the sequence and have everything sound correctly.

This used to work flawlessly in Cubase 6.5. Am I forgetting something?

Thanks for your help.