Us 5 Ma

SWIFTStandards
Category 5
Securities Markets
(MT 500 - MT 518)
Volume 1
November 2003 Standards Release
Standards Release Guide 2003 - Final edition - February 2003
1
Legal Notices SWIFTStandards - Category 5 Volume 1
Legal Notices
IMPORTANT NOTE: You may install and use this publication only if you have entered into the relevant licence agreement
with SWIFT. Please refer to such licence agreement to determine what you may or may not do with it. Note however that in
the case of a ’Single User Licence’, this publication must be installed on a standalone machine for access by one person at
any one time, and references to "organisation" in these notices are to the ordering customer (BIC 8). In the case of a ’Server
Licence’, this publication can also be installed on a server for access within the organisation of the ordering customer (BIC
8), and references to "organisation" are then to all those SWIFT Users belonging to the same group as the ordering customer
(BIC8) for traffic aggregation purposes.
Copyright
Copyright © S.W.I.F.T. SCRL ("SWIFT"), avenue Adèle 1, B-1310 La Hulpe, Belgium, 2002. All rights reserved. No part
of this publication may be copied or reproduced, stored in a retrieval system, sold or transferred to any person, in whole or
in part, in any manner or form or on any media, without the prior written permission of SWIFT. The recipient is, however,
authorised to copy or reproduce this publication within its own organisation as may be reasonably necessary for the purpose
for which it is supplied. Any such copy or reproduction will include the following: acknowledgement of the source, refer-
ence and date of publication, and all notices set out on this page.
Confidentiality
This publication may contain proprietary and/or confidential information of SWIFT and/or its suppliers. The recipient
should not disclose this publication outside its organisation without the prior written permission of SWIFT.
Disclaimer
Although SWIFT has used reasonable efforts to ensure accuracy of its contents, SWIFT assumes no liability for any inad-
vertent error or omission that may appear in this publication. The information in this publication is the latest available at the
date of its production, and may change from time to time.
Trademarks and Patents
SWIFT, S.W.I.F.T., the SWIFT logo, Sibos, Accord and SWIFT-derived product and service names - such as but not
limited to SWIFTNet and SWIFTAlliance - are trademarks of S.W.I.F.T. SCRL. SWIFT is the trading name of S.W.I.F.T.
SCRL. All other product or company names that may be mentioned in this publication are trademarks or registered trade-
marks of their respective owners. Patent pending: SWIFTNet - TrustAct - e-paymentsPlus.
February 2003 edition
2 Standards Release Guide 2003 - Final edition - February 2003

SWIFTStandards - Category 5 Volume 1 Overview
Overview
Added Message Types
Removed Message Types
Modified Message Types
Added Message Types

None
Removed Message Types

None
Modified Message Types

MT500
MT501
MT502
MT504
MT505
MT507
MT509
MT513
MT514
MT515
MT516
MT517
MT518
Standards Release Guide 2003 - Final edition - February 2003 3

MT 500 SWIFTStandards - Category 5 Volume 1
MT 500 Instruction to Register
MT 500 Scope
This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be
a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an
account with its clearing agent, or a registration provider or a financial institution which has an account with its local agent
(sub custodian).
This message is used to:
instruct the registration, deregistration or reregistration of a financial instrument at the registration provider,
request the cancellation of a registration instruction previously sent by the account owner (the function of the message
is CANC).
The registration instruction may be linked to other settlement instructions, eg, in case the settlement does not take place
before the registration process is finished, using the linkages sequence.
MT 500 Format Specifications

MT 500 Instruction to Register
Status Tag Qualifier Generic Field Detailed Field Name Content/Options No.
Name
Mandatory Sequence A General Information
M 16R Start of Block GENL 1
M 20C SEME Reference Sender’s Reference :4!c//16x 2
M 23G Function of the Message 4!c[/4!c] 3
O 98a PREP Date/Time Preparation Date/Time A or C 4
M 22F INST Indicator Type of Instruction Indica- :4!c/[8c]/4!c 5

tor
----->
Repetitive Optional Subsequence A1 Linkages
M 16R Start of Block LINK 6
O 22F LINK Indicator Linkage Type Indicator :4!c/[8c]/4!c 7
O 13A LINK Number Identifica- Linked Transaction :4!c//3!c 8

tion
M 20C 4!c Reference (see qualifier description) :4!c//16x 9
M 16S End of Block LINK 10
-----| End of Subsequence A1 Linkages

SWIFTStandards - Category 5 Volume 1 MT 500
Name
M 16S End of Block GENL 11
End of Sequence A General Information
Mandatory Sequence B Registration Details
M 16R Start of Block REGDET 12
----->
M 20D 4!c Reference (see qualifier description) :4!c//25x 13
-----|
----->
M 22F 4!c Indicator (see qualifier description) :4!c/[8c]/4!c 14
-----|
O 98a RREG Date/Time Requested Registration A or C 15

Date
M 35B Identification of the Finan- [ISIN1!e12!c] 16

cial Instrument [4*35x]
O 70C REGI Narrative Registration Details :4!c//4*35x 17
Optional Subsequence B1 Financial Instrument Attributes
M 16R Start of Block FIA 18
----->
O 22F 4!c Indicator (see qualifier description) :4!c/[8c]/4!c 19
-----|
----->
O 12a 4!c Type of Financial (see qualifier description) A, B or C 20

Instrument
-----|
O 11A DENO Currency Currency of Denomination :4!c//3!a 21
----->
O 98A 4!c Date (see qualifier description) :4!c//8!n 22

Name
-----|
----->
O 92A 4!c Rate (see qualifier description) :4!c//[N]15d 23
-----|
----->
O 13a 4!c Number Identifica- (see qualifier description) A or B 24

tion
-----|
----->
O 17B 4!c Flag (see qualifier description) :4!c//1!a 25
-----|
----->
O 90a 4!c Price (see qualifier description) A or B 26
-----|
----->
O 36B 4!c Quantity of Finan- (see qualifier description) :4!c//4!c/15d 27

cial Instrument
-----|
O 70E FIAN Narrative Financial Instrument :4!c//10*35x 28

Attribute Narrative
M 16S End of Block FIA 29
End of Subsequence B1 Financial Instrument Attributes

Mandatory Subsequence B2 Financial Instrument/Account
M 16R Start of Block FIAC 30
M 36B QREG Quantity of Finan- Quantity of Financial :4!c//4!c/15d 31

cial Instrument Instrument to be Registered
M 97A SAFE Account Safekeeping Account :4!c//35x 32
M 16S End of Block FIAC 33
End of Subsequence B2 Financial Instrument/Account
M 16S End of Block REGDET 34
End of Sequence B Registration Details

Name
----->
Repetitive Optional Sequence C Client Details
M 16R Start of Block CLTDET 35
Optional Subsequence C1 Address
M 16R Start of Block ADDRESS 36
M 17B 4!c Flag (see qualifier description) :4!c//1!a 37
----->
-----|
----->
O 95a 4!c Party (see qualifier description) P, R, S or U 39
-----|
----->
O 94a 4!c Place (see qualifier description) C, D or G 40
-----|
----->
O 13B 4!c Number Identifica- (see qualifier description) :4!c/[8c]/30x 41

tion
-----|
----->
O 70C 4!c Narrative (see qualifier description) :4!c//4*35x 42
-----|
M 16S End of Block ADDRESS 43
End of Subsequence C1 Address
Optional Subsequence C2 Personal Details
M 16R Start of Block PERSDET 44

Name
----->
-----|
O 95U BIRT Party Name at Birth :4!c//3*35x 46
----->
O 98a 4!c Date/Time (see qualifier description) A or C 47
-----|
----->
O 94C 4!c Place (see qualifier description) :4!c//2!a 48
-----|
O 70C ADTX Narrative Additional Text :4!c//4*35x 49
M 16S End of Block PERSDET 50
End of Subsequence C2 Personal Details
M 16S End of Block CLTDET 51
-----| End of Sequence C Client Details
Optional Sequence D Corporate Action Details
M 16R Start of Block CADETL 52
----->
-----|
O 35B Identification of the Finan- [ISIN1!e12!c] 54

M 16S End of Block CADETL 55
End of Sequence D Corporate Action Details
M = Mandatory O = Optional

MT 500 Network Validated Rules

C1
If the message is a cancellation, ie, Function of the Message (field 23G) is CANC, then a reference to the previous
message must be specified in the Linkage section, ie, field :20C::PREV must be present minimum once in that message
(Error code(s): E08).
Sequence A then subsequence A1 is... and in minimum one occurrence

if field :23G: is... of subsequence A1
field :20C::PREV is...
CANC Mandatory Mandatory

i.e. minimum one occurrence (note: it does not need to be
of A1 present in all occurrences of A1)
not CANC Optional Optional
MT 500 Usage Rules

When the message is used as a cancellation, the linkage sequence must contain the reference of the original instruction.
The Identification of Financial Instrument in Sequence B Registration Instruction Details identifies the financial instru-
ment to be registered. The Identification of Financial Instrument in Sequence D Corporate Action Details identifies
subscription rights or exercise warrants from a corporate action.
MT 500 Field Specifications
1. Field 16R: Start of Block

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
This field specifies the start of a block and the name of that block.
CODES
This field must contain the following code (Error code(s): T92):
GENL General Information.

2. Field 20C: Reference: Sender’s Reference

FORMAT
Option C :4!c//16x (Qualifier) (Reference)
PRESENCE
Mandatory
QUALIFIER
(Error code(s): T89)
Order M/O Qualifier R/N CR Options Qualifier Description
1 M SEME N C Sender’s Reference
DEFINITION
This qualified generic field specifies:
SEME Sender’s Reference Reference assigned by the Sender to unambiguously identify the message.
NETWORK VALIDATED RULES
Reference must not start or end with a slash ’/’ and not contain two consecutive slashes ’//’ (Error code(s): T26).
3. Field 23G: Function of the Message

FORMAT
Option G 4!c[/4!c] (Function) (Subfunction)
PRESENCE
Mandatory
DEFINITION
This field identifies the function of the message.
CODES
Function must contain one of the following codes (Error code(s): T86):
CANC Cancellation This is a request to cancel a previously sent registration instruction.

NEWM New This is a new registration instruction.
CODES
Subfunction, when present, must contain one of the following codes:
CODU Copy Duplicate This message is being sent as a copy to a party other than the account
owner/account servicer, for information purposes and the message is a
duplicate of a message previously sent.
COPY Copy This message is being sent as a copy to a party other than the account
owner/account servicer, for information purposes.
DUPL Duplicate The message is for information/confirmation purposes. It is a duplicate of a

message previously sent.
USAGE RULES
To cancel a previously sent message, Function is CANC. The reference in the linkages sequence must contain the Sender’s
reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled must be
present; optional fields need not be present for SWIFT validation.
4. Field 98a: Date/Time: Preparation Date/Time

FORMAT
Option A :4!c//8!n (Qualifier) (Date)

Option C :4!c//8!n6!n (Qualifier) (Date) (Time)
PRESENCE
Optional
QUALIFIER
1 O PREP N A, C Preparation Date/Time
DEFINITION
PREP Preparation Date/Time Date/time at which message was prepared.

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).
Time must be a valid time expressed as HHMMSS (Error code(s): T38).
5. Field 22F: Indicator: Type of Instruction Indicator

FORMAT
Option F :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Indicator)
PRESENCE
Mandatory
QUALIFIER
1 M INST N F Type of Instruction Indicator
DEFINITION
INST Type of Instruction Indicates the type of instruction covered by the message.
Indicator
CODES
If Qualifier is INST and Data Source Scheme is not present, Indicator must contain one of the following codes:
DERI Deregistration Instruc- Deregistration of positions in registration.

tion
REGI Registration Instruc- Registration of unregistered positions. Initial or first registration.

tion
RERE Reregistration Instruc- Reregistration of previously deregistered positions.

tion


FORMAT
Option R 16c
PRESENCE
Mandatory in an optional sequence
DEFINITION
CODES
LINK Linkages.
7. Field 22F: Indicator: Linkage Type Indicator

FORMAT
PRESENCE
Optional
QUALIFIER
1 O LINK N F Linkage Type Indicator
DEFINITION
LINK Linkage Type Indica- When the message was executed relative to the transaction referenced in the
tor sequence.

CODES
If Qualifier is LINK and Data Source Scheme is not present, Indicator must contain one of the following codes:
AFTE After The instruction is to be executed after the linked transaction.
BEFO Before The instruction is to be executed before the linked transaction.
INFO Information Linked for information purposes only.
WITH With The instruction is to be executed with the linked transaction.
8. Field 13A: Number Identification: Linked Transaction

FORMAT
Option A :4!c//3!c (Qualifier) (Number Id)
PRESENCE
Optional
QUALIFIER
1 O LINK N A Linked Transaction
DEFINITION
LINK Linked Transaction Type of transaction which is linked to this transaction.
USAGE RULES
Number Id must contain the MT number of the linked transaction.
9. Field 20C: Reference

FORMAT

PRESENCE
QUALIFIER
1 M POOL N C Pool Reference
or PREV N C1 C Previous Reference
or RELA N C Related Reference
DEFINITION
POOL Pool Reference Collective reference identifying a set of messages.
PREV Previous Reference Reference of the linked message which was previously sent.
RELA Related Reference Reference of the linked message which was previously received.
10. Field 16S: End of Block

FORMAT
Option S 16c
PRESENCE
DEFINITION
This field specifies the end of a block and the name of that block.
CODES
LINK Linkages.


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
REGDET Registration Details.
13. Field 20D: Reference

FORMAT
Option D :4!c//25x (Qualifier) (Reference)

PRESENCE
Mandatory
QUALIFIER
1 M BREF N D Bank Reference Number
2 O BPAR N D Business Partner Number
3 O SHAR N D Shareholder Number
DEFINITION
BPAR Business Partner Identifies a financial institution with a clearing agent. Participant Number.
Number
BREF Bank Reference Identifies one or more investors or shareholders with a financial institution.
Number Is normally generated by a financial institution when an account is opened.
SHAR Shareholder Number Identifies an investor or shareholder with the issuer, or the registration
provider.
14. Field 22F: Indicator

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M OWNT N F Type of Ownership Indicator

2 O BENT N F Type of Beneficial Owner
3 O ADMT N F Type of Admittance
4 O RREA N F Registration Reason Indicator
5 O CERT N F Certification Booking Indicator
DEFINITION
ADMT Type of Admittance Indicates if the appropriate form was signed by the beneficial owner or
investor and whether admittance was given or not.
BENT Type of Beneficial Indicates the type of beneficial owner.

Owner
CERT Certification Booking Indicates whether the certificate/title should stay with the registrar/register
Indicator or elsewhere.
OWNT Type of Ownership Indicates how a beneficial owner or investor owns the financial instrument.
Indicator
RREA Registration Reason Indicates the reason for the registration processing.
Indicator
CODES
If Qualifier is ADMT and Data Source Scheme is not present, Indicator must contain one of the following codes:
GIVE Admittance Given Admittance was given by the investor.
NGIV No Admittance Given Admittance was not given by the investor.
TIME One Time Admittance Admittance was given by the investor for one time registration.
CODES
If Qualifier is BENT and Data Source Scheme is not present, Indicator must contain one of the following codes:
INDV Individual or natural person.
LEGL Legal Entity.

CODES
If Qualifier is CERT and Data Source Scheme is not present, Indicator must contain one of the following codes:
TOBK To Book The certificate/title stays with the registrar/register and is booked in the
shareholder account with the company.
NTBK Not to Book The certificate/title should not be booked in the shareholder account with the
company and should be sent to the depository bank.
CODES
If Qualifier is OWNT and Data Source Scheme is not present, Indicator must contain one of the following codes:
NOMI Nominee Name The financial instruments are held in nominee name.
OWNE Own Name The financial instruments are held in the beneficial owner’s own name,
self-ownership.
TRUS Trustee/Third Party The financial instruments are held by a trustee, in third-party ownership.
CODES
If Qualifier is RREA and Data Source Scheme is not present, Indicator must contain one of the following codes:
BEAR Bearer Share Exchange from registered shares into bearer shares.
Exchange
BONU Bonus Issue Attribution Gratuite (FR); Scrip Issue (GB); Capitalisation Issue. Security
holders are awarded additional assets free of payment from the issuer in
proportion to their holding. A bonus issue is typically represented by shares,
rights, or warrants. Nominal value does not change. Holder may be offered
choice of form.
CAPG Capital Gains Distri- Distribution of profits resulting from the sale of securities. Shareholders of
bution Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distribu-
tions which are often reinvested in additional shares of the fund.
DVCA Cash Dividend Distribution of cash to shareholders, in proportion to their equity holding.
Ordinary dividends are recurring and regular. Shareholder must take cash
and is not offered a choice in the form of distribution.
EXWA Warrant Exercise Warrant conversion.

Option offered to holders to buy (call warrant) or to sell (put warrant) a
specific amount of stock, cash, or commodity, at a predetermined price
during a predetermined period of time (which usually corresponds to the life
of the issue).
INCR Increase in Value Increase of the share capital. The face value of the single share is changed
without modification of the number of shares in circulation. May include a
capital payout to shareholder.

INHE Inheritance Registration related to an inheritance of financial instruments.
REGD Registered Share Exchange from bearer shares into registered shares.
Exchange
POSS Change of Possession Change in the possession or ownership of the financial instrument.
STAF Staff Shares Registration of shares given to staff.
OTHR OTHE Other See narrative.
15. Field 98a: Date/Time: Requested Registration Date

FORMAT

PRESENCE
Optional
QUALIFIER
1 O RREG N A, C Requested Registration Date
DEFINITION
RREG Requested Registra- Date/time at which the financial instruments are to be registered.
tion Date

16. Field 35B: Identification of the Financial Instrument

FORMAT
Option B [ISIN1!e12!c] (Identification of Security)

[4*35x] (Description of Security)
PRESENCE
Mandatory
DEFINITION
This field identifies the financial instrument.
At least Identification of a Security (Subfield 1) or Description of Security (Subfield 2) must be present; both may be
present (Error code(s): T17).
ISIN is used at the beginning of Identification of Security (Subfield 1) and must be composed of uppercase letters only
(Error code(s): T12).
USAGE RULES
When used in Description of Security (Subfield 2), codes must start and end with a slash ’/’.
When an ISIN identifier is not used it is strongly recommended that one of the following codes be used as the first four
characters of the Description of Security (Subfield 2):
[/2!a/] The ISO two-digit country code, followed by the national scheme number.
[/TS/] Followed by the ticker symbol.
[/XX/] Bilaterally agreed or proprietary scheme which may be further identified by a code or short descrip-
tion identifying the scheme used.
It is strongly recommended that the ISIN be used.
17. Field 70C: Narrative: Registration Details

FORMAT
Option C :4!c//4*35x (Qualifier) (Narrative)
PRESENCE
Optional

QUALIFIER
1 O REGI N C Registration Details
DEFINITION
REGI Registration Details Details on registration not included within the structured fields of this
message.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
FIA Financial Instrument Attributes.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O MICO N F Method of Interest Computation
2 O FORM N F Form of Securities
3 O PFRE N F Payment Frequency
4 O PREF N F Preference to Income
5 O PAYS N F Payment Status Indicator
6 O REST N F Restrictions
7 O PADI N F Payment Direction Indicator
DEFINITION
FORM Form of Securities Registered or bearer form of securities.
MICO Method of Interest Computation method to calculate the interest of the related financial instru-
Computation ment.
PADI Payment Direction The direction of capital repayment for asset backed securities.
Indicator
PAYS Payment Status Indi- Amount paid for share.

cator
PFRE Payment Frequency Periodic or regular cycle of interest payments.
PREF Preference to Income Security status relative to claims on income and assets of company.
REST Restrictions Restrictions governing the transfer of ownership of security.
CODES
If Qualifier is FORM and Data Source Scheme is not present, Indicator must contain one of the following codes:
BEAR Bearer Security.

REGD Registered Security.
CODES
If Qualifier is MICO and Data Source Scheme is not present, Indicator must contain one of the following codes:
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A006 Actual/Actual or 1/1.
A007 30E/360 or Eurobond basis.
A008 Actual/M.
A009 Actual/365L.
CODES
If Qualifier is PAYS and Data Source Scheme is not present, Indicator must contain one of the following codes:
FULL Fully Paid.
NILL Nill Paid.
PART Partially Paid.
CODES
If Qualifier is PREF and Data Source Scheme is not present, Indicator must contain one of the following codes:
ORDN Ordinary/ Common Ordinary / common.
PRFD Preferred Claim Security has a preferred claim upon income and assets.

CODES
If Qualifier is PFRE and Data Source Scheme is not present, Indicator must contain one of the following codes:
ANNU Annual Payment Cycle.
MNTH Monthly Payment Cycle.
QUTR Quarterly Payment Cycle.
SEMI Semi Annual Payment Cycle.
WEEK Weekly Payment Cycle.
CODES
If Qualifier is REST and Data Source Scheme is not present, Indicator must contain one of the following codes:
144A Persuant to 144A Unregistered security issued persuant to US legal restrictions 144A.
NRST Not Subject to Restric- Ownership or transfer is not subject to restrictions.

tions
RSTR Subject to Restrictions Ownership or transfer is subject to restrictions (not persuant to 144A).
(not persuant to 144A)
CODES
If Qualifier is PADI and Data Source Scheme is not present, Indicator must contain one of the following codes:
PAYD The direction of the payment is down.
PAYU The direction of the payment is up.
20. Field 12a: Type of Financial Instrument

FORMAT
Option A :4!c/[8c]/30x (Qualifier) (Data Source Scheme) (Instrument Code or

Description)
Option B :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Instrument Type Code)
Option C :4!c//6!c (Qualifier) (CFI Code)

PRESENCE
Optional
QUALIFIER
1 O CLAS N A, C Classification Type
2 O OPST N B Option Style
3 O OPTI N B Option Type
DEFINITION
CLAS Classification Type Type of related financial instrument.
OPST Option Style If the financial instrument is an option, this field specifies the style.
OPTI Option Type If the financial instrument is an option, this field specifies the type.
CODES
If Qualifier is OPST and Data Source Scheme is not present, Instrument Type Code must contain one of the following
codes:
AMER American Style.
ASIA Asian Style.
EURO European Style.
CODES
If Qualifier is OPTI and Data Source Scheme is not present, Instrument Type Code must contain one of the following codes:
CALL Call Option.
PUTO Put Option.

USAGE RULES
CFI code must contain a valid ISO CFI code.
To use the codes associated with the ISITC code for security type, /ASCT/, Data Source Scheme must be ISIT and Instru-
ment Code or Description must contain a valid ISITC security type code.
21. Field 11A: Currency: Currency of Denomination

FORMAT
Option A :4!c//3!a (Qualifier) (Currency Code)
PRESENCE
Optional
QUALIFIER
1 O DENO N A Currency of Denomination
DEFINITION
DENO Currency of Denomi- Currency in which security was issued.

nation
Currency Code must be a valid ISO 4217 currency code (Error code(s): T52).
22. Field 98A: Date/Time

FORMAT
PRESENCE
Optional

QUALIFIER
1 O COUP N A Coupon Date
2 O EXPI N A Expiry Date
3 O FRNR N A Floating Rate Note Reset Date
4 O MATU N A Maturity Date
5 O ISSU N A Issue Date
6 O CALD N A Call Date
7 O CONV N A Conversion Date
8 O PUTT N A Put Date
9 O DDTE N A Dated Date
10 O FCOU N A First Coupon Date
11 O NWFC N A New Factor Date
DEFINITION
CALD Call Date Date issuer of a bond has the right to pay the remaining principal of a debt
obligation prior to final maturity date.
CONV Conversion Date According to the terms of the issue, deadline by which a convertible security
must be converted to underlying securities.
COUP Coupon Date Date of next coupon payment of an interest-bearing security.
DDTE Dated Date Date interest bearing instrument begins to accrue interest.
EXPI Expiry Date Date on which a privilege which may be exercised, according to the terms of
a securities issue, terminates.
FCOU First Coupon Date The date that the first interest payment is due on a fixed income instrument.
FRNR Floating Rate Note According to the terms of the issue, date the interest rate of a floating rate
Reset Date note will be calculated and reset.
ISSU Issue Date Date security was issued.

MATU Maturity Date Date interest bearing security becomes due and principal is paid.
NWFC New Factor Date The date the current factor will be changed to a new factor on a mort-
gage-backed/asset-backed instrument.
PUTT Put Date Date bond holder has the right to redeem the principal amount of a bond
prior to final maturity date.
23. Field 92A: Rate

FORMAT
Option A :4!c//[N]15d (Qualifier) (Sign) (Rate)
PRESENCE
Optional
QUALIFIER
1 O PRFC N A Previous Factor
2 O CUFC N A Current Factor
3 O NWFC N A Next Factor
4 O INTR N A Interest Rate
5 O NXRT N A Next Interest Rate
DEFINITION
CUFC Current Factor Current factor expressed as a decimal between 0 and 1 defining the
outstanding principal of the bond (for asset or mortgage backed securities).
INTR Interest Rate 1. Ratio of the amount of interest paid during a certain period of time to
the principal amount of the interest bearing security;
2. Current rate of a floating rate note.

NWFC Next Factor New factor expressed as a decimal between 0 and 1 defining the outstand-
ing principal of the bond (for asset or mortgage backed securities).
NXRT Next Interest Rate Next interest rate; on a floating rate note, the interest rate applicable to the
next payment period.
PRFC Previous Factor Previous factor expressed as a decimal between 0 and 1 defining the
The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum
length (Error code(s): T40, T43).
When Sign is present, Rate must not be zero (Error code(s): T14).
USAGE RULES
Sign must be present when Rate is negative.
24. Field 13a: Number Identification

FORMAT

Option B :4!c/[8c]/30x (Qualifier) (Data Source Scheme) (Number)
PRESENCE
Optional
QUALIFIER
1 O COUP N A, B Coupon Number
2 O POOL N A, B Pool Number
3 O LOTS N A, B Lot Number
4 O VERN N A, B Version Number
DEFINITION

COUP Coupon Number Coupon number of the next coupon attached to the related financial instru-
ment.
LOTS Lot Number Number identifying the lot of the security issue.
POOL Pool Number Number as assigned by the issuer of an asset backed security (U.S.) to iden-
tify the group of mortgages.
VERN Version Number Version number of the option contract or tranche of the related financial
instrument.
25. Field 17B: Flag

FORMAT
Option B :4!c//1!a (Qualifier) (Flag)
PRESENCE
Optional
QUALIFIER
1 O CONV N B Convertible Flag
2 O FRNF N B Floating Rate Note Flag
3 O COVE N B Covered Flag
4 O CALL N B Callable Flag
5 O PUTT N B Putable Flag
6 O WRTS N B Warrants Attached on Delivery Flag
7 O ODDC N B Odd Coupon Flag
DEFINITION
CALL Callable Flag Whether security is callable (issuer has the right to pay the obligation prior
to maturity).
CONV Convertible Flag Whether security is convertible into a different class of security.

COVE Covered Flag In an option contract, the underlying security is held by the same account.
FRNF Floating Rate Note Whether interest rate of a bond is reset periodically.
Flag
ODDC Odd Coupon Flag Whether the payment of a coupon (interest) on a bond is not according to the
normal schedule.
PUTT Putable Flag Whether security is putable (issuer has the right to redeem securities prior to
maturity).
WRTS Warrants Attached on Whether the warrants on a security which has been traded cum warrants will
Delivery Flag be attached on delivery of the traded security.
CODES
Flag must contain one of the following codes (Error code(s): T36):
N No.
Y Yes.
26. Field 90a: Price

FORMAT
Option A :4!c//4!c/15d (Qualifier) (Percentage Type Code) (Price)

Option B :4!c//4!c/3!a15d (Qualifier) (Amount Type Code) (Currency Code) (Price)
PRESENCE
Optional
QUALIFIER
1 O INDC N A, B Indicative Price
or MRKT N A, B Market Price
2 O EXER N A, B Exercise Price

DEFINITION
EXER Exercise Price 1. Price at which the security will be purchased/ sold if warrant is exer-
cised, represented either as an actual amount (option B) or a percentage
(option A).
2. Price at which a bond is converted, represented either as an actual

amount (option B) or a percentage (option A).
3. Strike price of an option, represented either as an actual amount (option

B) or a percentage (option A).
INDC Indicative Price Estimated indicative price, represented either as an actual amount (option B)
or a percentage (option A).
MRKT Market Price Current market price of securities, represented either as an actual amount
(option B) or a percentage (option A).
CODES
Percentage Type Code must contain one of the following codes:
DISC Discount Price expressed as the number of percentage points below par, eg, a discount
price of 2.0% equals a price of 98 when par is 100.
PRCT Percentage Price expressed as a percentage of par.
PREM Premium Price expressed as the number of percentage points above par, eg, a
premium price of 2.0% equals a price of 102 when par is 100.
YIEL Yield Price expressed as a yield.
CODES
Amount Type Code must contain one of the following codes:
ACTU Actual Amount Price expressed as an amount of currency per unit or per share.
DISC Discount Price expressed as a discount amount.
PREM Premium Price expressed as a premium.
The integer part of Price must contain at least one digit. The decimal comma is mandatory and is included in the maximum

USAGE RULES
The number of decimal digits in Price is not validated against the currency specified.
27. Field 36B: Quantity of Financial Instrument

FORMAT
Option B :4!c//4!c/15d (Qualifier) (Quantity Type Code) (Quantity)
PRESENCE
Optional
QUALIFIER
1 O MINO N B Minimum Nominal Quantity (Minimum Nominal

Value)
2 O MIEX N B Minimum Exercisable Quantity
3 O MILT N B Minimum Exercisable Multiple Quantity
4 O SIZE N B Contract Size
5 O ORGV N B Original Face Amount
DEFINITION
MIEX Minimum Exercis- Minimum total quantity or lot of rights/warrants that must be exercised.
able Quantity
MILT Minimum Exercis- Minimum multiple lot necessary to exercise warrants.

able Multiple Quan-
tity
MINO Minimum Nominal Minimum nominal quantity or lot of securities that must be purchased or
Quantity (Minimum exercised.
Nominal Value)
ORGV Original Face Original par or face amount of an amortised instrument.

Amount

SIZE Contract size This represents the ratio or multiply factor to convert from contracts to
shares, eg, 1 option contract could represent 10,000 shares of an equity.
CODES
Quantity Type Code must contain one of the following codes:
AMOR Amortised Value Quantity represents the current amortised face amount of a bond, eg, a peri-
odic reduction of a bond’s principal amount.
FAMT Face Amount Quantity expressed as the face amount of the principal of a debt instrument.
UNIT Unit Quantity expressed as a number, eg, a number of shares.
CODES
When Qualifier is ORGV Quantity Type Code must contain:
FAMT Face Amount Quantity expressed as the face amount of the principal of a debt instru-
ment.
The integer part of Quantity must contain at least one digit. The decimal comma is mandatory and is included in the
maximum length (Error code(s): T40, T43).
28. Field 70E: Narrative: Financial Instrument Attribute Narrative

FORMAT
Option E :4!c//10*35x (Qualifier) (Narrative)
PRESENCE
Optional
QUALIFIER
1 O FIAN N E Financial Instrument Attribute Narrative

DEFINITION
FIAN Financial Instrument Additional information about the financial instrument.

Attribute Narrative

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
FIAC Financial Instrument/Account.

31. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument to be

Registered
FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M QREG N B Quantity of Financial Instrument to be Registered
DEFINITION
QREG Quantity of Financial Total quantity of financial instrument to be registered.

Instrument to be
Registered
CODES

32. Field 97A: Account: Safekeeping Account

FORMAT
Option A :4!c//35x (Qualifier) (Account Number)
PRESENCE
Mandatory
QUALIFIER
1 M SAFE N A Safekeeping Account
DEFINITION
SAFE Safekeeping Account Safekeeping account that holds the financial instrument.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CLTDET Client Details

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
ADDRESS Address
37. Field 17B: Flag

FORMAT
PRESENCE
QUALIFIER
1 M PERM N B Permanent Address
or MAIL N B Mailing Address
DEFINITION
MAIL Mailing Address Flag indicating whether the address is a mailing address.
PERM Permanent Address Flag indicating whether the address is a permanent address.
CODES
Flag must contain the following code (Error code(s): T36):
Y Yes.


FORMAT
PRESENCE
Optional
QUALIFIER
1 O DIST N F Distribution Form
2 O TITL N F Title of Correspondence
DEFINITION
DIST Distribution Form Indicates how correspondence should be sent to the mailing address.
TITL Title of Correspon- Title to be used for correspondence to the mailing address.
dence
CODES
If Qualifier is DIST and Data Source Scheme is not present, Indicator must contain one of the following codes:
PERS Personal.
FIDE Confidential.
CODES
If Qualifier is TITL and Data Source Scheme is not present, Indicator must contain one of the following codes:
ASOC Associates/couples.
DR01 Doctor.
FRAU Frau.

HERR Herr.
MADA Madam.
MISS Miss.
MR01 Mister.
MRSS Mrs.
SIRR Sir.
39. Field 95a: Party

FORMAT
Option P :4!c//4!a2!a2!c[3!c] (Qualifier) (BIC)

Option R :4!c/8c/34x (Qualifier) (Data Source Scheme) (Proprietary Code)
Option S :4!c/[8c]/4!c/2!a/30x (Qualifier) (Data Source Scheme) (Type of ID) (Country
Code) (Alternate ID)
Option U :4!c//3*35x (Qualifier) (Name)
PRESENCE
Optional
QUALIFIER
1 O OWND N P, R, U Beneficial Owner
or NOMI N P, R, U Nominee
or TRUS N P, R, U Trustee/Third Party
2 O ALTE R S Alternate Identification
DEFINITION
ALTE Alternate Identifica- Alternate identification for the party specified in this sequence.
tion
NOMI Nominee Identification of the nominee.

OWND Beneficial Owner Identification of the beneficial owner.
TRUS Trustee/Third Party Identification of a trustee or third party.
Alternate ID specifies an alternate identification of the party identified in the same sequence.
BIC specifies the Bank Identifier Code.
Type of ID specifies the type of alternate identification which can be used to give an alternate identification of the party
identified in the sequence.
Proprietary Code specifies a local national code or market segment code identifying the party.
In option S, Country Code specifies the country for which the alternate identification is relevant.
Country Code must be a valid ISO country code (Error code(s): T73).
The BIC must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).
40. Field 94a: Place

FORMAT
Option C :4!c//2!a (Qualifier) (Country Code)

Option D :4!c//[2!a]/35x (Qualifier) (Country Code) (Place)
Option G :4!c//2*35x (Qualifier) (Address)
PRESENCE
Optional
QUALIFIER
1 O ADDR N G Address
2 O CITY N D City
3 O DOMI N C Country of Domicile
4 O EMAI N G Email Address
5 O LOCA N D Location

DEFINITION
ADDR Address Address of the beneficial owner, nominee or trustee.
CITY City City or town.
DOMI Country of Domi- Country of domicile.

cile
EMAI Email Address Email address.
LOCA Location Location, State or Province identification.
USAGE RULES
The at sign @ is not part of the X character set of the SWIFT FIN network. Therefore, SWIFT recommends to use the
hexadecimal EBCDIC code, preceded by two question marks (??) as escape sequence.
An email address would be represented as: firstname.lastname??7Corganisation.com
The data in field 94a should belong to the party identified in field 95a. For example, if field 95a is used with qualifier
NOMI, the address in field 94a should belong to the nominee. If field 95a is used with qualifier OWND, the address in field
94a should belong to the beneficial owner, etc.
41. Field 13B: Number Identification

FORMAT
PRESENCE
Optional
QUALIFIER
1 O POST N B Postal Code
2 O PBOX N B Post Box
3 O SNUM N B Street Number

DEFINITION
PBOX Post box or mailbox.
POST Postal code or zip code.
SNUM Street number.
42. Field 70C: Narrative

FORMAT
PRESENCE
Optional
QUALIFIER
1 O REGI N C Registration Details
2 O PACO N C Party Contact Narrative
DEFINITION
PACO Party Contact Narra- Narrative of the contact unit or person responsible for the transaction at the
tive party defined within the party block.
REGI Registration Details Narrative information on the registration of securities.

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES
ADDRES Address

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
PERSDET Personal Details

FORMAT
PRESENCE
Optional

QUALIFIER
1 O OCCU N F Occupation Type Indicator
2 O LANG N F Language Indicator
DEFINITION
LANG Language Indicator Indicates the language of the investor or nominee.
OCCU Occupation Type Indi- Indicates the type of occupational group, branch of industry or business
cator sector.
CODES
If Qualifier is LANG and Data Source Scheme is not present, Indicator must contain one of the following codes:
DUTH Dutch.
ENGL English.
FREN French.
GERM German.
ITAL Italian.
SPAN Spanish.
CODES
If Qualifier is OCCU, a Data Source Scheme should be used to indicate the Occupation Type.
46. Field 95U: Party: Name at Birth

FORMAT

PRESENCE
Optional
QUALIFIER
1 O BIRT N U Name at Birth
DEFINITION
BIRT Name at Birth Name given at birth.
47. Field 98a: Date/Time

FORMAT

PRESENCE
Optional
QUALIFIER
1 O DBIR N A, C Date of Birth
2 O DFON N A, C Date of Foundation
DEFINITION
DBIR Date of Birth.
DFON Date of Foundation.

48. Field 94C: Place

FORMAT
PRESENCE
Optional
QUALIFIER
1 O BIRT N C Country of Birth
2 O NATO N C Country of Nationality
DEFINITION
BIRT Country of Birth Country of birth.
NATO Country of Nationality Nationality of the investor or nominee.
49. Field 70C: Narrative: Additional Text

FORMAT

PRESENCE
Optional
QUALIFIER
1 O ADTX N C Additional Text
DEFINITION
ADTX Additional Text Details not included within the structured fields of this message.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CADETL Corporate Action Details

FORMAT

PRESENCE
Optional

QUALIFIER
1 O ANOU N A, C Announcement Date
2 O XDTE N A, C Ex-Dividend or Distribution Date
DEFINITION
ANOU Announcement Date Date upon which the issuer announced that a CA event will occur.
XDTE Ex-Dividend or Securities traded on or after this date are not eligible for CA event.
Distribution Date

FORMAT

PRESENCE
Optional
DEFINITION

USAGE RULES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

MT 501 Confirmation of Registration or Modification
MT 501 Scope
This message is sent by an account servicer (account servicing institution) to an account owner. The account owner may be
a global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an
account with its clearing agent, or a registration provider or a financial institution which has an account with its local agent
(sub custodian).
confirm the registration, reregistration or deregistration of a beneficial owner or shareholder with the registration
provider (the function of the message is NEWM),
confirm the modification of registration details (the function of the message is NEWM),
cancel a confirmation of registration or modification previously sent by the account servicer (the function of the
message is CANC).

MT 501 Confirmation of Registration or Modification
Name
M 22F CONF Indicator Type of Confirmation Indi- :4!c/[8c]/4!c 5

cator
----->
Repetitive Mandatory Subsequence A1 Linkages

tion

Name
Mandatory Sequence B Registration Details
----->
M 20D 4!c Reference (see qualifier description) :4!c//25x 13
-----|
----->
-----|
M 98a 4!c Date/Time (see qualifier description) A or C 15

----->
-----|
----->
O 12a 4!c Type of Financial (see qualifier description) A, B or C 19

Instrument
-----|
----->
-----|
----->

Name
-----|
----->

tion
-----|
----->
-----|
----->
-----|
----->

cial Instrument
-----|

Attribute Narrative
End of Subsequence B1 Financial Instrument Attributes

Mandatory Subsequence B2 Financial Instrument/Account
M 16R Start of Block FIAC 29
M 36B RREG Quantity of Finan- Quantity of Financial :4!c//4!c/15d 30

cial Instrument Instrument Registered
O 93B FICL Balance Final Closing Balance :4!c/[8c]/4!c/[N]15d 31
M 97A SAFE Account Safekeeping Account :4!c//35x 32
M 16S End of Block FIAC 33
End of Subsequence B2 Financial Instrument/Account

Name
----->
Repetitive Optional Sequence C Client Details
M 16R Start of Block CLTDET 35
Optional Subsequence C1 Address
M 16R Start of Block ADDRESS 36
M 17B 4!c Flag (see qualifier description) :4!c//1!a 37
----->
-----|
----->
O 95a 4!c Party (see qualifier description) P, R, S or U 39
-----|
----->
O 94a 4!c Place (see qualifier description) C, D or G 40
-----|
----->
O 13B 4!c Number Identifica- (see qualifier description) :4!c/[8c]/30x 41

tion
-----|
M 16S End of Block ADDRESS 42
End of Subsequence C1 Address
Optional Subsequence C2 Personal Details
M 16R Start of Block PERSDET 43
----->
-----|

Name
O 95U BIRT Party Name at Birth :4!c//3*35x 45
----->
-----|
----->
O 94C 4!c Place (see qualifier description) :4!c//2!a 47
-----|
O 70C ADTX Narrative Additional Text :4!c//4*35x 48
M 16S End of Block PERSDET 49
End of Subsequence C2 Personal Details
M 16S End of Block CLTDET 50
-----| End of Sequence C Client Details
Optional Sequence D Corporate Action Details
M 16R Start of Block CADETL 51
----->
-----|
O 35B Identification of the Finan- [ISIN1!e12!c] 53

M 16S End of Block CADETL 54
End of Sequence D Corporate Action Details

C1

Sequence A then in minimum one occurrence of subsequence A1

if field :23G: is... field :20C::PREV is...
CANC Mandatory
(note: it does not need to be present in all occurrences of A1)
not CANC Optional
MT 501 Usage Rules

When the message is used as a cancellation, the linkage sequence must contain the reference of the original confirma-
tion.
The Identification of Financial Instrument in Sequence B Registration Instruction Details identifies the financial instru-
ment to be registered. The Identification of Financial Instrument in Sequence D Corporate Action Details identifies
subscription rights or exercise warrants from a corporate action.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC Cancellation This is a request to cancel a previously sent registration confirmation.
NEWM New This is a new registration confirmation.

CODES
duplicate of a message previously sent.

USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

5. Field 22F: Indicator: Type of Confirmation Indicator

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M CONF N F Type of Confirmation Indicator
DEFINITION
CONF Type of Confirmation Indicates what kind of original instruction is confirmed with this message.
Indicator
CODES
If Qualifier is CONF and Data Source Scheme is not present, Indicator must contain one of the following codes:
DERI Deregistration Instruc- Confirmation of a deregistration of positions in registration.

tion
REGI Registration Instruc- Confirmation of registration of unregistered positions. Initial or first regis-
tion tration.
RERE Reregistration Instruc- Confirmation of reregistration of previously deregistered positions.

tion


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
LINK Linkage Type Indica- When the message was executed relative to the transaction referenced in the
tor sequence.

CODES
If Qualifier is LINK and Data Source Scheme is not present, Indicator must contain one of the following codes:
AFTE After The confirmation is to be executed after the linked transaction.
BEFO Before The confirmation is to be executed before the linked transaction.
INFO Information Linked for information purposes only.
WITH With The confirmation is to be executed with the linked transaction.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M BREF N D Bank Reference Number
DEFINITION
BPAR Business Partner Identifies a financial institution with a clearing agent.

Number Participant Number.
SHAR Shareholder Number Identifies an investor or shareholder with the issuer or the registration
provider.

FORMAT
PRESENCE
Optional
QUALIFIER
1 O OWNT N F Type of Ownership Indicator

2 O BENT N F Type of Beneficial Owner
3 O RREA N F Registration Reason Indicator
4 O CERT N F Certification Booking Indicator
DEFINITION
BENT Type of Beneficial Indicates the type of beneficial owner.

Owner
CERT Certification Booking Indicates whether the certificate/title should stay with the registrar/register
Indicator or elsewhere.
OWNT Type of Ownership Indicates how a beneficial owner or investor owns the financial instrument.
Indicator
RREA Registration Reason Indicates the reason for the registration processing.
Indicator
CODES
If Qualifier is BENT and Data Source Scheme is not present, Indicator must contain one of the following codes:
INDV Individual or natural person.
LEGL Legal Entity.
CODES
If Qualifier is CERT and Data Source Scheme is not present, Indicator must contain one of the following codes:
TOBK To Book The certificate/title stays with the registrar/register and is booked in the
shareholder account with the company.
NTBK Not to Book The certificate/title should not be booked in the shareholder account with the
company and should be sent to the depository bank.

CODES
If Qualifier is OWNT and Data Source Scheme is not present, Indicator must contain one of the following codes:
NOMI Nominee Name The financial instruments are held in nominee name.
OWNE Own Name The financial instruments are held in the beneficial owner’s own name,
self-ownership.
TRUS Trustee/Third Party The financial instruments are held by a trustee, in third-party ownership.
CODES
If Qualifier is RREA and Data Source Scheme is not present, Indicator must contain one of the following codes:
BEAR Bearer Share Exchange from registered shares into bearer shares.
Exchange
BONU Bonus Issue Attribution Gratuite (FR); Scrip Issue (GB); Capitalisation Issue. Security
holders are awarded additional assets free of payment from the issuer in
proportion to their holding. A bonus issue is typically represented by shares,
rights, or warrants. Nominal value does not change. Holder may be offered
choice of form.
CAPG Capital Gains Distri- Distribution of profits resulting from the sale of securities. Shareholders of
bution Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distribu-
tions which are often reinvested in additional shares of the fund.
DVCA Cash Dividend Distribution of cash to shareholders, in proportion to their equity holding.
Ordinary dividends are recurring and regular. Shareholder must take cash
and is not offered a choice in the form of distribution.
EXWA Warrant Exercise Warrant conversion.

Option offered to holders to buy (call warrant) or to sell (put warrant) a
specific amount of stock, cash, or commodity, at a predetermined price,
during a predetermined period of time (which usually corresponds to the life
of the issue).
INCR Increase in Value Increase of the share capital. The face value of the single share is changed
without modification of the number of shares in circulation. May include a
capital payout to shareholder.
INHE Inheritance Registration related to an inheritance of financial instruments.
REGD Registered Share Exchange from bearer shares into registered shares.
Exchange
POSS Change of Possession Change in the possession or ownership of the financial instrument.
STAF Staff Shares Registration of shares given to staff.
OTHR OTHE Other See narrative.


FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M EREG N A, C Effective Registration Date
or EMOD N A, C Effective Modification Date
DEFINITION
EREG Effective Registra- Date/time at which the financial instruments have been registered.
tion Date
EMOD Effective Modifica- Date/time at which the registration details have been modified.
tion Date

FORMAT


PRESENCE
Mandatory
DEFINITION
USAGE RULES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
FORM Form of Securities Registered or bearer form of securities.
Computation ment.
PAYS Payment Status Indi- Amount paid for share.

cator
PFRE Payment Frequency Periodic or regular cycle of interest payments.
PREF Preference to Income Security status relative to claims on income and assets of company.
REST Restrictions Restrictions governing the transfer of ownership of security.
PADI Payment Direction The direction of capital repayment for asset backed securities.
Indicator

CODES
If Qualifier is FORM and Data Source Scheme is not present, Indicator must contain one of the following codes:
BEAR Bearer Security.
REGD Registered Security.
CODES
If Qualifier is MICO and Data Source Scheme is not present, Indicator must contain one of the following codes:
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES
If Qualifier is PAYS and Data Source Scheme is not present, Indicator must contain one of the following codes:
FULL Fully Paid.
NILL Nill Paid.
PART Partially Paid.
CODES
If Qualifier is PFRE and Data Source Scheme is not present, Indicator must contain one of the following codes:
ANNU Annual Payment Cycle.
MNTH Monthly Payment Cycle.

QUTR Quarterly Payment Cycle.
SEMI Semi Annual Payment Cycle.
WEEK Weekly Payment Cycle.
CODES
If Qualifier is PREF and Data Source Scheme is not present, Indicator must contain one of the following codes:
ORDN Ordinary/ Common Ordinary / common.
PRFD Preferred Claim Security has a preferred claim upon income and assets.
CODES
If Qualifier is REST and Data Source Scheme is not present, Indicator must contain one of the following codes:
144A Persuant to 144A Unregistered security issued persuant to US legal restrictions 144A.
NRST Not Subject to Restric- Ownership or transfer is not subject to restrictions.

tions
RSTR Subject to Restrictions Ownership or transfer is subject to restrictions (not persuant to 144A).
(not persuant to 144A)
CODES
If Qualifier is PADI and Data Source Scheme is not present, Indicator must contain one of the following codes:

FORMAT

Description)

PRESENCE
Optional
QUALIFIER
DEFINITION
CLAS Classification Type Type of related financial instrument.
OPST Option Style If the financial instrument is an option, this field specifies the style.
OPTI Option Type If the financial instrument is an option, this field specifies the type.
CODES
If Qualifier is OPST and Data Source Scheme is not present, Instrument Type Code must contain one of the following
codes:
AMER American Style.
ASIA Asian Style.
EURO European Style.
CODES
If Qualifier is OPTI and Data Source Scheme is not present, Instrument Type Code must contain one of the following codes:
CALL Call Option.
PUTO Put Option.

USAGE RULES
CFI code must contain a valid ISO CFI code.
To use the codes associated with the ISITC code for security type, /ASCT/, Data Source Scheme must be ISIT and Instru-

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
DENO Currency of Denomi- Currency in which security was issued.

nation
21. Field 98A: Date

FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION
CALD Call Date Date issuer of a bond has the right to pay the remaining principal of a debt
obligation prior to final maturity date.
CONV Conversion Date According to the terms of the issue, deadline by which a convertible security
must be converted to underlying securities.
COUP Coupon Date Date of next coupon payment of an interest-bearing security.
DDTE Dated Date Date interest bearing instrument begins to accrue interest.
EXPI Expiry Date Date on which a privilege which may be exercised, according to the terms of
a securities issue, terminates.
FCOU First Coupon Date The date that the first interest payment is due on a fixed income instrument.
FRNR Floating Rate Note According to the terms of the issue, date the interest rate of a floating rate
Reset Date note will be calculated and reset.
ISSU Issue Date Date security was issued.

MATU Maturity Date Date interest bearing security becomes due and principal is paid.
NWFC New Factor Date The date the current factor will be changed to a new factor on a mort-
gage-backed/asset-backed instrument.
PUTT Put Date Date bond holder has the right to redeem the principal amount of a bond
prior to final maturity date.
22. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CUFC Current Factor Current factor expressed as a decimal between 0 and 1 defining the
INTR Interest Rate 1. Ratio of the amount of interest paid during a certain period of time to
the principal amount of the interest bearing security;

NWFC Next Factor New factor expressed as a decimal between 0 and 1 defining the outstand-
ing principal of the bond (for asset or mortgage backed securities).
NXRT Next Interest Rate Next interest rate; on a floating rate note, the interest rate applicable to the
next payment period.
PRFC Previous Factor Previous factor expressed as a decimal between 0 and 1 defining the
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

COUP Coupon Number Coupon number of the next coupon attached to the related financial instru-
ment.
LOTS Lot Number Number identifying the lot of the security issue.
POOL Pool Number Number as assigned by the issuer of an asset backed security (U.S.) to iden-
tify the group of mortgages.
VERN Version Number Version number of the option contract or tranche of the related financial
instrument.
24. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CALL Callable Flag Whether security is callable (issuer has the right to pay the obligation prior
to maturity).
CONV Convertible Flag Whether security is convertible into a different class of security.

COVE Covered Flag In an option contract, the underlying security is held by the same account.
FRNF Floating Rate Note Whether interest rate of a bond is reset periodically.
Flag
ODDC Odd Coupon Flag Whether the payment of a coupon (interest) on a bond is not according to the
normal schedule.
PUTT Putable Flag Whether security is putable (issuer has the right to redeem securities prior to
maturity).
WRTS Warrants Attached on Whether the warrants on a security which has been traded cum warrants will
Delivery Flag be attached on delivery of the traded security.
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
EXER Exercise Price 1. Price at which the security will be purchased/ sold if warrant is exer-
cised, represented either as an actual amount (option B) or a percentage
(option A).
2. Price at which a bond is converted, represented either as an actual

amount (option B) or a percentage (option A).
3. Strike price of an option, represented either as an actual amount (option

B) or a percentage (option A).
INDC Indicative Price Estimated indicative price, represented either as an actual amount (option B)
or a percentage (option A).
MRKT Market Price Current market price of securities, represented either as an actual amount
(option B) or a percentage (option A).
CODES
DISC Discount Price expressed as the number of percentage points below par, eg, a discount
price of 2.0% equals a price of 98 when par is 100.
PRCT Percentage Price expressed as a percentage of par.
PREM Premium Price expressed as the number of percentage points above par, eg, a
premium price of 2.0% equals a price of 102 when par is 100.
YIEL Yield Price expressed as a yield.
CODES
ACTU Actual Amount Price expressed as an amount of currency per unit or per share.
DISC Discount Price expressed as a discount amount.
PREM Premium Price expressed as a premium.
The integer part of Price must contain at least one digit. The decimal comma is mandatory and is included in the maximum

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

Value)
DEFINITION
MIEX Minimum Exercis- Minimum total quantity or lot of rights/warrants that must be exercised.
able Quantity
MILT Minimum Exercis- Minimum multiple lot necessary to exercise warrants.

able Multiple Quan-
tity
MINO Minimum Nominal Minimum nominal quantity or lot of securities that must be purchased or
Quantity (Minimum exercised.
Nominal Value)
SIZE Contract Size This represents the ratio or multiply factor to convert from contracts to
shares, eg, 1 option contract could represent 10,000 shares of an equity.

ORGV Original Face Original par or face amount of an amortised instrument.

Amount
CODES
CODES
When Qualifier is ORGV Quantity Type Code must contain:
FAMT Face Amount Quantity expressed as the face amount of the principal of a debt instru-
ment.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
FIAN Financial Instrument Additional information about the financial instrument.

Attribute Narrative

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

30. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Regis-
tered
FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M RREG N B Quantity of Financial Instrument Registered
DEFINITION
RREG Quantity of Financial Total quantity of financial instrument that has been registered.
Instrument Regis-
tered
CODES

31. Field 93B: Balance: Final Closing Balance

FORMAT
Option B :4!c/[8c]/4!c/[N]15d (Qualifier) (Data Source Scheme) (Quantity Type Code)

(Sign) (Balance)
PRESENCE
Optional
QUALIFIER
1 O FICL N B Final Closing Balance
DEFINITION
FICL Final Closing The closing balance of the statement (may consist of several pages).
Balance
CODES
If Data Source Scheme is not present, Quantity Type Code must contain one of the following codes:
UNIT Unit Quantity is expressed as a number, eg, a number of shares.
The integer part of Balance must contain at least one digit. The decimal comma is mandatory and is included in the
When Sign is present, Balance must not be zero (Error code(s): T14).
USAGE RULES
Sign must be present when Balance is negative.


FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M SAFE N A Safekeeping Account
DEFINITION

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
ADDRESS Address
37. Field 17B: Flag

FORMAT
PRESENCE
QUALIFIER
1 M PERM N B Permanent Address
or MAIL N B Mailing Address
DEFINITION
MAIL Mailing Address Flag indicating whether the address is a mailing address.
PERM Permanent Address Flag indicating whether the address is a permanent address.
CODES
Flag must contain the following code (Error code(s): T36):
Y Yes.


FORMAT
PRESENCE
Optional
QUALIFIER
1 O DIST N F Distribution Form
2 O TITL N F Title of Correspondence
DEFINITION
DIST Distribution Form Indicates how correspondence should be sent to the mailing address.
TITL Title of Correspon- Title to be used for correspondence to the mailing address.
dence
CODES
If Qualifier is DIST and Data Source Scheme is not present, Indicator must contain one of the following codes:
PERS Personal.
FIDE Confidential.
CODES
If Qualifier is TITL and Data Source Scheme is not present, Indicator must contain one of the following codes:
ASOC Associates/couples.
DR01 Doctor.
FRAU Frau.

HERR Herr.
MADA Madam.
MISS Miss.
MR01 Mister.
MRSS Mrs.
SIRR Sir.

FORMAT
Option P :4!c//4!a2!a2!c[3!c] (Qualifier) (BIC)

PRESENCE
Optional
QUALIFIER
or NOMI N P, R, U Nominee Name
DEFINITION
tion
NOMI Nominee Name Identification of the nominee.

BIC specifies the Bank Identifier Code.

FORMAT

PRESENCE
Optional
QUALIFIER
2 O CITY N D City

DEFINITION
ADDR Address Address of the beneficial owner or nominee.
CITY City City or town of the beneficial owner.
DOMI Country of Domi- Country of domicile of the beneficial owner.

cile
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
SNUM Street number.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
ADDRESS Address

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT
PRESENCE
Optional
QUALIFIER
1 O OCCU N F Occupation Type Indicator
2 O LANG N F Language Indicator
DEFINITION
LANG Language Indicator Indicates the language of the investor or nominee.
OCCU Occupation Type Indi- Indicates the type of occupational group, branch of industry or business
cator sector.
CODES
If Qualifier is LANG and Data Source Scheme is not present, Indicator must contain one of the following codes:
DUTH Dutch.
ENGL English.
FREN French.
GERM German.

ITAL Italian.
SPAN Spanish.
CODES
If Qualifier is OCCU, a Data Source Scheme should be used to indicate the Occupation Type.
45. Field 95U: Party: Name at Birth

FORMAT
PRESENCE
Optional
QUALIFIER
1 O BIRT N U Name at Birth
DEFINITION
BIRT Name at Birth Name given at birth.

FORMAT

PRESENCE
Optional

QUALIFIER
1 O DBIR N A, C Date of Birth
2 O DFON N A, C Date of Foundation
DEFINITION
DBIR Date of Birth.
DFON Date of Foundation.
47. Field 94C: Place

FORMAT
PRESENCE
Optional
QUALIFIER
1 O BIRT N C Country of Birth
2 O NATO N C Country of Nationality

DEFINITION
BIRT Country of Birth Country of birth.
NATO Country of Nationality Nationality of the investor or nominee.
48. Field 70C: Narrative: Additional Text

FORMAT
PRESENCE
Optional
QUALIFIER
1 O ADTX N C Additional Text
DEFINITION
ADTX Additional Text Details not included within the structured fields of this message.

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE

DEFINITION
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
1 O ANOU N A, C Announcement Date
2 O XDTE N A, C Ex-Dividend or Distribution Date
DEFINITION
ANOU Announcement Date Date upon which the issuer announced that a CA event will occur.
XDTE Ex-Dividend or Securities traded on or after this date are not eligible for CA event.
Distribution Date


FORMAT

PRESENCE
Optional
DEFINITION
USAGE RULES

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES

MT 502 Order to Buy or Sell
MT 502 Scope
This message is sent by an instructing party, eg, a client, or its authorised representative, to an executing party, eg,
broker-dealer, or where permitted, directly by an executing party to a point of execution such as an exchange. It may be
used in broker-to-broker communications.
This message is used to instruct the executing party to buy or sell a given quantity of a specified financial instrument.
It may also be used to:
request the cancellation of a previously sent order

replace a previously sent order
duplicate an order previously sent
provide a third party with a copy of the message (be it the order or a request for cancellation) being sent.

MT 502 Order to Buy or Sell
Name
----->
-----|
----->

tion

Name
-----| End of Optional Subsequence A1 Linkages
Mandatory Sequence B Order Details
M 16R Start of Block ORDRDET 12
----->
O 94a 4!c Place (see qualifier description) B or F 13
-----|
O 94B TRAD Place Place of Trade :4!c/[8c]/4!c[/30x] 13
----->
Repetitive Optional Subsequence B1 Price
M 16R Start of Block PRIC 14
M 90a 4!c Price (see qualifier description) A or B 15
O 22F PRIC Indicator Type of Price :4!c/[8c]/4!c 16
M 16S End of Block PRIC 17
-----| End of Optional Subsequence B1 Price

----->
M 22a 4!c Indicator (see qualifier description) F or H 18
-----|
----->
M 98a 4!c Date/Time (see qualifier description) A, B or C 19
-----|
----->
-----|
O 11A 4!c Currency (see qualifier description) :4!c//3!a 21
----->
Repetitive Mandatory Subsequence B2 Trading Parties

Name
M 16R Start of Block TRADPRTY 22
----->
M 95a 4!c Party (see qualifier description) P, Q, R or S 23
-----|
----->
O 97a 4!c Account (see qualifier description) A or B 24
-----|
O 98a PROC Date/Time Processing Date/Time A or C 25
O 20C PROC Reference Processing Reference :4!c//16x 26
----->
O 70a 4!c Narrative (see qualifier description) C, D, or E 27
-----|
O 22F TRCA Indicator Party Capacity Indicator :4!c/[8c]/4!c 28
M 16S End of Block TRADPRTY 29
-----| End of Mandatory Subsequence B2 Trading Parties

----->

cial Instrument
-----|
O 19A ORDR Amount Ordered Amount :4!c//[N]3!a15d 31

----->
-----|
----->

Name
O 12a 4!c Type of Financial (see qualifier description) A, C or B 35

Instrument
-----|
----->
-----|
----->
-----|
----->

tion
-----|
----->
-----|
----->
-----|
----->

cial Instrument
-----|

Attribute Narrative
End of Optional Subsequence B3 Financial Instrument Attributes

----->

tion

Name
O 13B CERT Number Identifica- Certificate Number :4!c/[8c]/30x 45

tion
-----|
O 70E TPRO Narrative Trade Instruction Process- :4!c//10*35x 46

ing Narrative
M 16S End of Block ORDRDET 47
End of Sequence B Order Details
Optional Sequence C Settlement Details
M 16R Start of Block SETDET 48
----->
-----|
----->
-----|

51
----->
Repetitive Optional Subsequence C1 Settlement Parties
M 16R Start of Block SETPRTY 51

52
----->
M 95a 4!c Party (see qualifier description) C, P, Q, R or S 52

53
-----|
O 97a SAFE Account Safekeeping Account A or B 53

54

55

56

Name
----->
O 70a 4!c Narrative (see qualifier description) C or D 56

57
-----|
M 16S End of Block SETPRTY 57

58
-----| End of Optional Subsequence C1 Settlement Parties
----->
Repetitive Optional Subsequence C2 Cash Parties
M 16R Start of Block CSHPRTY 58

59
----->

60
-----|
----->
O 97A 4!c Account (see qualifier description) :4!c//35x 60

61
-----|

62

63
----->

64
-----|
M 16S End of Block CSHPRTY 64

65
-----| End of Optional Subsequence C2 Cash Parties
----->
Repetitive Optional Subsequence C3 Amounts

Name
M 16R Start of Block AMT 65

66
----->
-----|
----->
M 19A 4!c Amount (see qualifier description) :4!c//[N]3!a15d 67
-----|
O 98a VALU Date/Time Value Date A or C 68
O 92B EXCH Rate Exchange Rate :4!c//3!a/3!a/15d 69
M 16S End of Block AMT 70
-----| End of Optional Subsequence C3 Amounts
M 16S End of Block SETDET 71
End of Sequence C Settlement Details
----->
Repetitive Optional Sequence D Other Parties
M 16R Start of Block OTHRPRTY 72
----->
-----|
----->
-----|
----->
-----|
M 16S End of Block OTHRPRTY 77

Name
-----| End of Sequence D Other Parties
Optional Sequence E Repo Details
M 16R Start of Block REPO 78
O 98a TERM Date/Time Closing Date/Time A, B or C 79
----->
-----|
----->
O 20C 4!c Reference (see qualifier description) :4!c//16x 81
-----|
----->
O 92a 4!c Rate (see qualifier description) C or A 82
-----|
----->
O 99B 4!c Number Count (see qualifier description) :4!c//3!n 83
-----|
----->
O 19A 4!c Amount (see qualifier description) :4!c//[N]3!a15d 84
-----|
O 70C REPO Narrative Repurchase Narrative :4!c//4*35x 85
M 16S End of Block REPO 86
End of Sequence E Repo Details

C1
If an Exchange Rate (field :92B::EXCH) is present, the corresponding Resulting Amount (field :19A::RESU) must be
present in the same subsequence. If the Exchange Rate is not present then the Resulting Amount is not allowed (Error
code(s): E62).

Subsequence C3 Subsequence C3
if field :92B::EXCH is... then field :19A::RESU is...
Present Mandatory
Not present Not allowed
C2
If the Function of the Message (field :23G:) is CANC, the Quantity to Cancel (field :36B::CANC) must be present in
the order details sequence. If the Function of the Message is not CANC, the Quantity to Cancel is not allowed (Error
code(s): E64).
Sequence A Sequence B
if field :23G is... then field :36B::CANC is...
NEWM Not allowed
CANC Mandatory
REPL Not allowed
C3
The Type of Order Indicator (field :22F::TOOR) and/or the Price Limit (field :90a::LIMI) must be present (Error
code(s): E74).
Sequence B then Subsequence B1 is... Subsequence B1 and field

if field :22F::TOOR is... :90a::LIMI is...
Present Optional Optional
Not present Mandatory Mandatory in at least one of the

occurrences of subsequence B1
C4
If the message is a cancellation, ie, Function of the Message (field 23G) is CANC, then subsequence A1 Linkages must
be present at least once, and a reference to the previous message must be specified in the Linkage section, ie, field
:20C::PREV must be present minimum once in that message (Error code(s): E08).
Sequence A then subsequence A1 is... and in minimum one occur-

if field :23G: is... rence of subsequence A1 field
:20C::PREV is...
CANC Mandatory, ie minimum one Mandatory

occurrence of A1 (note: it does not need to be
present in all occurrences of A1)


if field :23G: is... rence of subsequence A1 field
:20C::PREV is...
Not CANC Optional Optional
C5
The following party fields for sequences C1 and C2 cannot appear more than once in sequence C. The party fields for
sequence D cannot appear more than once in a message (Error code(s): E84).
Subsequence C1 Subsequence C2 Sequence D
:95a::BUYR :95a::ACCW :95a::EXCH
:95a::DEAG :95a::BENM :95a::MEOR
:95a::DECU :95a::PAYE :95a::MERE
:95a::DEI1 :95a::TRRE
:95a::DEI2 :95a::VEND
:95a::DEI3 :95a::TRAG
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5

:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C6
In sequence B, either an ordered quantity (field :36B::ORDR) or an ordered amount (field :19A::ORDR) must be
present, but not both (Error code(s): E58).
Sequence B Sequence B
if field :36B::ORDR is... then field :19A::ORDR is...
Present Not allowed
Not present Mandatory
C7
If a qualifier from the list Deliverers is present in a subsequence C1 in a field :95a::4!c, then all the remaining quali-
fiers following this qualifier in the list Deliverers (see below) must be present (Error code(s): E86).
In other words, in sequence C, the following scenarios must be validated:
If :95a::DEI9 is present in subseq C1, then :95a::DEI8 must be present in another subseq C1.
If :95a::DEI1 is present in subseq C1, then :95a::DECU must be present in another subseq C1.
If :95a::DECU is present in subseq C1, then :95a::SELL must be present in another subseq C1.
If :95a::SELL is present in subseq C1, then :95a::DEAG must be present in another subseq C1.
If a qualifier from the list Receivers is present in a subsequence C1 in a field :95a::4!c, then all the remaining qualifiers
following this qualifier in the list Receivers (see below) must be present.
If :95a::REI9 is present in subseq C1, then :95a::REI8 must be present in another subseq C1.

If :95a::REI1 is present in subseq C1, then :95a::RECU must be present in another subseq C1.
If :95a::RECU is present in subseq C1, then :95a::BUYR must be present in another subseq C1.
If :95a::BUYR is present in subseq C1, then :95a::REAG must be present in another subseq C1.
Deliverers Receivers
DEI9 Deliverer’s Intermediary 9 REI9 Receiver’s Intermediary 9
DECU Deliverer’s Custodian RECU Receiver’s Custodian
SELL Seller (Deliverer) BUYR Buyer (Receiver)
DEAG Delivering Agent REAG Receiving Agent
C8
In subsequence C1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence (Error
code(s): E52).
if field :95a::PSET is... then field :97a::SAFE is...
Present Not allowed within the same occurrence
Not present Optional
C9
In sequence B, if field :22H::BUSE//SWIF or :22H::BUSE//SWIT is present, then subsequence A1 Linkages is manda-

tory, and field :20C::PREV must be present in minimum one occurrence of subsequence A1 Linkages (Error code(s):
E53).

Sequence B then subsequence A1 is... and field :20C::PREV is ...

if field : 22H: :BUSE//SWIT
:BUSE//4!c is...
Present Mandatory, ie minimum one Mandatory, ie must be present in

occurrence of A1 minimum one occurrence of A1
Not present Optional Not applicable
SWIF Mandatory, ie minimum one Mandatory, ie must be present in

SWIT Mandatory, ie minimum one Mandatory, ie must be present in

Not equal (SWIF | SWIT) Optional Not applicable
C10
In subsequence C1, if field :95C::PSET is present, then field :22F::STCO/[8c]/PHYS is mandatory in sequence C
Subsequence C1 In sequence C
if field :95C::PSET is... then field :22F::STCO/[8c]/PHYS is...
Present Mandatory
C10
If field :22F::DBNM//VEND is present in sequence C, then a vendor must be specified; i.e. one occurrence of
sequence D must contain field :95a::VEND (Error code(s): D71).
If Seq. C is ... and in Seq. C then and in one occurrence of Seq. D

if field Seq. D is ... field :95a::VEND is ...
:22F::DBNM//VEND
is ...(*)
Present Present Mandatory, Mandatory

i.e. Seq. D must
be present
minimum once
Not present Optional Optional
Not present n/a Optional Optional

(*) If the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.
MT 502 Usage Rules

When an instruction is sent to a party other than the original Receiver, this original Receiver is identified in the other
parties sequence as :95a::MERE (Recipient of the Message).
In cross-border, broker-to-broker trades, the place of settlement (:95a::PSET), must be present.
When a broker is identified as a confirming party, the party capacity (:22F::TRCA) must be specified.
When there is a need to pre-allocate, a master reference must be used in the linkage sequence of the MT 502. The MT
514 Trade Allocation Instruction, is used to instruct the pre-allocation. The master reference must be used in the
linkage sequence of all the associated MT 514s.
Field 22F Indicator, with the qualifier PRCO, ie, Pre-Allocation Condition, should be used to indicate how to allocate
if the block cannot be fully executed, and to convey rounding instructions in case of fractional shares.
Optional sequence C Settlement Details may be used to convey early information regarding settlement.
The Receiver of a request to cancel or replace must advise the requesting party that the request has been accepted or
denied in an MT 509 Trade Status Message.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
SEME Reference assigned by the Sender to unambiguously identify the message.

FORMAT
Option G 4!c[/4!c] (Function) (Sub-function)
PRESENCE
Mandatory
DEFINITION
CODES
CANC This is a request to cancel a previously sent order to buy or sell.
NEWM This is a new order to buy or sell.
REPL This is a replacement of an order to buy or sell.

CODES
Sub-function, when present, must contain one of the following codes:
CODU This message is being sent as a copy to a party other than the account owner, for information purposes
and the message is a duplicate of a message previously sent.
COPY The message is being sent as a copy to a party other than the account owner, for information purposes.
DUPL The message is for information/confirmation purposes. It is a duplicate of a message previously sent.
USAGE RULES
To cancel a previously sent order to buy or sell, Function is CANC. The reference in the linkage sequence must contain the
Sender’s reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled
must be present; optional fields need not be present for SWIFT validation.
To replace a previously sent order to buy or sell, Function is REPL. The reference in the linkage sequence must contain the
Sender’s reference of the message to be replaced.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O PREP N A or C Preparation Date/Time
DEFINITION
PREP Date/time at which the message was prepared.

USAGE RULES
This field is provided for information only and is not binding on the parties, unless it has been assigned by a third-party
system.

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M TRTR N F Trade Transaction Type
2 O PRCO N F Pre-Allocation Condition
DEFINITION
TRTR Type of transaction prior to the settlement process.
PRCO Conditions for pre-allocation.
CODES
When Qualifier is TRTR and Data Source Scheme is not present, Indicator must contain one of the following codes:
BASK Basket trade.
INDX Index trade.
LIST List trade.
PROG Program trade.

TRAD Trade.
CODES
When Qualifier is PRCO and Data Source Scheme is not present, Indicator must contain one of the following codes:
FULL Pre-allocate only if fully dealt.
NOFR No fractional shares allowed.
PROR In the case of a partial fill, pro-rate the allocations.
RDUP In the case of fractional shares, round up to the nearest whole number.
RDWN In the case of fractional shares, round down to the nearest whole number.
SPEC In the case of a partial fill, pre-allocate according to the amounts shown in the linked MT 514 Trade
Allocation Instructions.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
LINK When the order is to be executed relative to the transaction referenced in the sequence.
CODES
If Data Source Scheme is not present, Indicator must contain one of the following codes:
AFTE The order is to be executed after the linked transaction.
BEFO The order is to be executed before the linked transaction.
INFO Linked for information purposes only.
WITH The order is to be executed with the linked transaction.
USAGE RULES
If code WITH is used, it links together one or more instructions which become bound and which should be executed
together. Even if one single instruction can not be executed, then all the other instructions should also be kept pending.
Therefore the use of code WITH should be limited to combine up to 2 or 3 instructions.

FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION
LINK Type of transaction which is linked to this transaction.
USAGE RULES
Number ID must contain the MT number of the linked transaction.

FORMAT
PRESENCE
QUALIFIER
1 M RELA N C Related Reference
or MAST N C Master Reference
or BASK N C Basket Reference
or INDX N C Index Reference
or LIST N C List Reference
or PROG N C Program Reference
or COLR N C Collateral Reference

or ISSU N C Issuer Reference
DEFINITION
RELA Reference of the linked message which was previously received.
PREV Reference of the linked message which was previously sent.
MAST Master reference which identifies the link between allocations.
BASK Basket reference which identifies a basket.
INDX Index reference which identifies an index trade.
LIST List reference which identifies a list trade.
PROG Program reference which identifies a program trade.
COLR Reference identifying a collateral transaction linked to the settlement transaction.
ISSU Reference that an issuer attributes to a fund (funds industry).

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
ORDRDET Order Details.
13. Field 94a: Place 94B: Place: Place of Trade

FORMAT
Option B :4!c/[8c]/4!c[/30x] (Qualifier) (Data Source Scheme) (Place Code) (Narrative)

Option F :4!c//4!c/4!a2!a2!c[3!c] (Qualifier) (Place) (BIC/BEI)

PRESENCE
Optional
QUALIFIER
1 O TRAD N B Place of Trade
2 O SAFE N B or F Place of Safekeeping
DEFINITION
TRAD Place at which the order is to be traded.
SAFE Physical place where the securities are or will be safe-kept.
TRAD Place at which the order is to be traded.
CODES
In option B, if When Data Source Scheme is not present and Qualifier is TRAD, Place Code must contain one of the follow-
ing codes:
EXCH Place of trade is a stock exchange.
OTCO Place of trade is over the counter.
PRIM Place of trade is the primary market.
SECM Place of trade is the secondary market.
CODES
In option B, if Data Source Scheme is not present and Qualifier is SAFE, Place must contain the following code:
SHHE Shares Held Elsewhere. Used for certain financial instruments, eg, US mutual funds, where settlement
is internal only, ie, there is no external movement of securities.

CODES
In option F, Place must contain one of the following codes:
CUST Shares held at a local custodian.
ICSD Shares held at an International Central Securities Depository.
NCSD Shares held at a National Central Securities Depository.
The BIC/BEI must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).
USAGE RULES
When Place Code is OTCO, Narrative may specify the system, eg, OTCO/TELEKURS. When Place Code is EXCH, Narra-
tive must specify the Market Identifier Code (MIC).

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
PRIC Price.

FORMAT


PRESENCE
QUALIFIER
1 M DEAL N A or B Deal Price
or STOP N A or B Stop Price
or LIMI N C3 A or B Limit Price
DEFINITION
DEAL Deal price represented either as an actual amount (option B) or a percentage (option A).
STOP Stop price represented either as an actual amount (option B) or a percentage (option A).
LIMI Limit price represented either as an actual amount (option B) or a percentage (option A).
CODES
In option A, Percentage Type Code must contain one of the following codes:
DISC Discount price. Price expressed as the number of percentage points below par, eg, a discount price of
2.0% equals a price of 98 when par is 100.
PRCT Percentage price. Price expressed as a percentage of par.
PREM Premium price. Price expressed as the number of percentage points above par, eg, a premium price of
YIEL Yield price. Price expressed as a yield.
CODES
In option B, Amount Type Code must contain one of the following codes:
ACTU The actual amount. Price expressed as an amount of currency per unit or per share.
DISC Discount price. Price expressed as a discount amount.

PREM Premium price. Price expressed as a premium.
The integer part of Price must contain at least one digit. A decimal comma is mandatory and is included in the maximum
USAGE RULES
The number of decimal digits in Price is not validated against the specified currency.
16. Field 22F: Indicator: Type of Price

FORMAT
PRESENCE
Optional
QUALIFIER
1 O PRIC N F Type of Price
DEFINITION
PRIC Type of price identified in the deal price.
CODES
If Data Source Scheme is not present and Qualifier is PRIC, Indicator must contain one of the following codes:
COMB Combined Expenses. It is used in the UK market.
GREX Gross execution price. The price is an all inclusive price, ie, including all charges, fees and taxes.
NDIS Net to client disclosed. It is used in the UK market.
NET1 The price is a net price, ie, net of all charges, fees, taxes.

NET2 The price is a net price, ie, net only of local broker’s commission, local fees, local taxes, etc.
NOGR Notional Gross. It is used in the UK market.
NUND Net to client undisclosed. It is used in the UK market.
PARV The price is a par value or equal to the nominal or face value of the instrument.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
PRIC Price.
18. Field 22a: Indicator

FORMAT

Option H :4!c//4!c (Qualifier) (Indicator)
PRESENCE
Mandatory

QUALIFIER
1 M BUSE N C9 H Buy/Sell Indicator
2 O PROC N F Processing Indicator
3 O RPOR R F Reporting Indicator
4 O PRIR N F Priority Indicator
5 O SETG N F Settlement Instruction Generation Indicator
6 O TTCO R F Trade Transaction Condition Indicator
7 O COST N F Commission Type
8 O TOOR R F Type of Order
9 O TILI N F Time Limit
10 M PAYM N H Payment Indicator
11 O AUTO N F Auto Routing Indicator
12 O CATB N F Charges/Tax Basis
13 O TRCN R F Trade Regulatory Conditions
14 O TRSE N F Trading Session Indicator
15 O CAOP N H Corporate Action Option Code
16 O RMTH N F Rounding Method Requested
DEFINITION
BUSE Whether the message relates to the sale or purchase of financial instruments, as shown in the original
order to buy or sell.
PROC Additional information relative to the processing of the trade.
RPOR If the trade is to be reported to other parties.
PRIR Execution priority of the trade.
SETG Generation of a settlement instruction by an ETC service provider.

TTCO Conditions under which the order/trade is to be/was executed.
COST Commission type under which the order/trade is to be/was executed.
TOOR Type of order.
TILI Time limit.
PAYM Whether the transaction is free or against payment.
AUTO Whether an automatic routing system is involved.
CATB Charges/tax basis under which the trade/order is to be/was executed.
TRCN Trade regulatory conditions, eg, in the US under Sec regulation 10.b.10.
TRSE Indicates the trading phase at the stock exchange, eg, opening auction phase, main trading phase,
closing auction phase, etc.
CAOP Possible options or choices available to account owner (for investment funds).
RMTH Rounding Method Requested. Rounding method to be applied to the ordered amount of securites. The
Rounding modulus is either standard for the concered instrument or agreed beforehand by receiver
and sender (Funds Industry).
CODES
When Qualifier is BUSE, Indicator must contain one of the following codes:
BUYI Buy.
CROF Cross from (Funds Industry).
CROT Cross to (Funds Industry).
DIVR Reinvestment of dividend order (Funds Industry. Not to be used for corporate actions).
IPOO IPO order.
REDM Redemption of funds.
SELL Sell.
SUBS Subscription to funds.
SWIF Switch from. (Change an investment from one sub-fund to another sub-fund).
SWIT Switch to. (Change an investment from one sub-fund to another sub-fund).

CODES
If Data Source Scheme is not present and Qualifier is PROC, Indicator must contain one of the following codes:
CLOP The trade is to close a position.
OPEP The trade is to open a position.
CODES
If Data Source Scheme is not present and Qualifier is RPOR, Indicator must contain one of the following codes:
EXCH The trade details are to be reported to a stock exchange. This stock exchange is identified in sequence
D Other Parties.
TRRE The trade details are to be reported to a regulatory organisation. This stock regulatory organisation is
identified in sequence D Other Parties.
CODES
If Data Source Scheme is not present and Qualifier is PRIR, Indicator must contain a numerical value in the range 0001 -
9999 where 0001 refers to the highest priority.
CODES
If Data Source Scheme is not present and Qualifier is SETG, Indicator must contain one of the following codes:
GENS This field specifies if the ETC service provider is to generate an MT 528 ETC Client-Side Settlement
Instruction or MT 529 ETC Market-Side Settlement Instruction.
NOGE This field specifies if the ETC service provider is not to generate an MT 528 or 529 where a previous
agreement to do so exists.
CODES
If Data Source Scheme is not present and Qualifier is TTCO, Indicator must contain one of the following codes:
BCRO Result of optionwhen set (UK specific).
BCRP Result of repo when set (UK specific).
BCPD Place of delivery; in country of incorporation when unset (UK specific).
BCFD Form of delivery; not for foreign registration when unset (UK specific).
BCBL Board lots; not set for odd lots (UK specific).
BCBN Bad names, not set for good names (UK specific).

BLKO Block order.
CBNS Trade is to be executed cum bonus.
CCPN Trade is to be executed cum coupon.
CDIV Trade is to be executed cum dividend.
CLEN Clean - do not pay government tax on the accrued interest on the bond, and consequently price is
higher.
CRST Cross trade allowed.
CRTS Trade is to be executed cum rights.
CWAR Trade executed cum warrants.
DIOR Directed order - This is an order that the Receiver of the message is to execute the trade with a
specific broker, or other financial institution.
DIRT Dirty - must pay government tax on accrued interest on the bond, and consequently the bond price is
lower.
DORD Direct order - This is an order to be executed by a broker other than the executing party to which the
order is sent. In this case, the instructing party has traded with another broker which will subsequently
send an advice of execution to the executing party to which this message is sent and which is acting as
the clearing broker.
FORW Order is based on forward price.
FRAC Fractional parts allowed.
GTDL Trade to be settled with guaranteed delivery.
HIST Order is based on historic price.
NCRS No cross trade allowed.
SPCU Special cum dividend - buying after the ex date and getting a dividend.
SPEX Special ex dividend - selling before the ex date without the coupon.
XBNS Trade is to be executed ex bonus.
XCPN Trade is to be executed ex coupon.
XDIV Trade is to be executed ex dividend.
XRTS Trade is to be executed ex rights.
XWAR Trade executed ex warrants.

CODES
If Data Source Scheme is not present and Qualifier is COST, Indicator must contain one of the following codes:
CLDI Commission type is client directed commission.
FLAT Commission basis is a flat fee for the transaction.
PERU Commission basis is per unit of financial instrument.
PERN Commission type is a percentage of the principal.
PWCD Commission type is a percentage commission waived as cash discount.
PWEU Commission type is a percentage commission waived as additional units.
SOFT Commission type is a percentage (soft dollar) commission.
STEP Commission type is for step-out trade.
CODES
If Data Source Scheme is not present and Qualifier is TOOR, Indicator must contain one of the following codes (for orders
to buy or sell):
ALNO All or none (A round-lot market or limit-price order which must be executed in its entirety or not at
all; unlike FIKI, these orders are not cancelled if not executed as soon as received).
CARE Carefully (An order which is not to be executed as a whole if the executing broker judges that it may
disturb the price).
COMB Combination order (An order which is linked to another order to buy or sell and must be executed as a
unit, both or none, or cancelled as a unit. The linkage sequence must be completed with a reference to
the linked order).
DISC Discretionary (An order where the executing broker or investment manager decides on the quantity or
price).
DNIN Do not increase (A limit order to buy or a stop order to sell or a stop limit order which is not to be
increased in shares on the ex-dividend date as a result of a stock dividend or distribution).
DNRE Do not reduce (A limit order to buy or a stop order to sell, or a stop-limit order to sell which is not to
be reduced in price by the amount of an ordinary cash dividend. A DNRE applies only to ordinary
stock dividends; it should be reduced for other distributions - eg, when a stock goes ’ex’ stock divi-
dend or rights).
ICEB Iceberg order. Type of limit order whose overall quantity is not transparent to the market. Rather, only
a client-defined part of the order is shown to the market (the ’tip of the iceberg’). Upon execution of
the first ’tip’ (i.e. partial execution to the client while for the market it does not appear to be a
’partial’) the system releases the next ’tip’ of the same size to the market until the ’iceberg’ has been
melted down successfully. Different from a usual care order.

LIWI Limit with (An order to be executed at a limit price, with a round-lot (or board-lot) sales; valid only
for odd lot orders).
LIWO Limit without (An order to be executed at a limit price, without a round-lot (or board-lot) sales; valid
only for odd lot orders).
LMTO Limit order (An order to buy at the indicated price limit or lower or an order to sell at the indicated
limit price or higher).
MAKT At market (An order to buy or sell a specified amount of a financial instrument at the quoted market
price or better).
MANH Market not held (An order to buy or sell a stated amount of a financial instrument at the quoted
market price or better with some discretion on the price limit).
MTLO Market to Limit Order. Type of order that couples the high possibility of execution (Market Order)
with a protection against unwanted price fluctuations (Limit Order).
MUTO Market until touched (An order which becomes a market order once the market price is reached).
NOHE Not held (An order which may be executed in partials or outside the hours of the exchange or other
exchange rules).
ORLI Order lie (An order which is related to another order where the second part may be cancelled without
cancelling the first. In this case, the second order is identified as the second part. Normally the sell
order must be executed before the buy order. The linkage sequence must be completed with a refer-
ence to the linked order).
STLI Stop limit (A stop order to buy which becomes a limit order at the limit price when the financial
instrument trades at or above the stop price after the order is submitted. A stop order to sell which
becomes a limit order at the limit price when the financial instrument trades at or below the stop price
after the order is submitted).
STOP Stop order (An order to buy which becomes a market order when the financial instrument trades at or
above the stop price after the order is submitted or an order to sell which becomes a market order
when the financial instrument trades at or below the stop price after the order is submitted).
CODES
to buy only):
BCSE Buy contra short exempt.
BCSH Buy contra short.
BMIN Buy minus (An order to buy at a price lower than the current market price. This is an order to buy a
stated amount of a financial instrument provided that its price is not higher than the last sale if the last
sale was a minus or zero minus tick, not higher than the last sale minus the minimum fractional
change in the stock if the last sale was a plus or zero plus tick. The price limit indicates the highest
price at which the order can be executed).

CODES
to sell only):
SLOS Stop loss (An order to sell that sets the sell price below the market price).
SPLU Sell plus (An order to sell a stated amount provided that the price is not lower than the last sale price
if the last sale was a plus or zero plus tick and not lower than the last sale minus the minimum frac-
tional change in the financial instrument if the last sale was a minus or zero minus tick).
SSEX Sell short exempt (An order to sell short which is exempt from short-sale rules).
SSHO Sell short (An order to sell that the seller does not own; a sale effected by delivering a financial instru-
ment borrowed by or for the account of the seller).
CODES
If Data Source Scheme is not present and Qualifier is TILI, Indicator must contain one of the following codes:
CLOS At the closing (An order to buy or sell at the closing price or an odd lot order to buy or sell to be filled
at the closing of the round lot offer, plus a differential for a buy order or minus the differential on a
sell order).
FAKI Fill and Kill. An order to be executed as much as possible. Non-executed parts of a FAK are deleted.
FIKI Fill or kill (A market or limit order that is to be executed in its entirety as soon as it is submitted; if
not so executed, the order is to be cancelled).
GDAY Good for the day (An order that, if not executed, expires at the end of the trading day on which the
order is entered).
GTCA Good until cancelled (An order that remains in effect until it is either executed or cancelled).
GTHD Good through date (An Order that if not executed, expires at the end of the specified expiry date).
GTMO Good for the month (An order that, if not executed, expires at the end of the month on which the order
is entered).
GTNM Good until the end of next month.
GTXO Good till crossed.
IOCA Immediate or cancel (A market or limit order to be executed in whole or in part as soon as it is
submitted; any portion not so executed is to be cancelled).
OPEN At the opening (A round lot order to be executed at the opening of the market).

CODES
When Qualifier is PAYM, Indicator must contain one of the following codes:
APMT Against payment.
FREE Free.
CODES
If Data Source Scheme is not present and Qualifier is AUTO, Indicator must contain one of the following codes:
DDOT DOT system.
SDOT SuperDOT system.
CODES
If Data Source Scheme is not present and Qualifier is CATB, Indicator must contain one of the following codes:
FLAT The charges/tax basis is flat or absolute for the trade being allocated.
PERU The charges/tax basis is per unit of financial instrument.
CODES
If Data Source Scheme is not present and Qualifier is TRCN, Indicator must contain one of the following codes:
SOLI The trade was solicited by the executing broker. The broker has suggested to its his client to buy/sell
securities.
USOL The trade was unsolicited. The client acts on its own without advice from the executing broker.
CODES
If Data Source Scheme is not present and Qualifier is TRSE, Indicator must contain one of the following codes:
AUCT Orders that are traded in regularly occuring auctions: orders are accumulated and executed on the
basis of defined algorithms.
CONT Trading process where orders are executed directly against each other as they hit the marketplace.

CODES
If qualifier is CAOP, Indicator must contain one of the following codes:
CASH Distribution of cash.
DRIP Reinvestment proceeds into securities.
CODES
If Data Source Scheme is not present and Qualifier is RMTH, Indicator must contain one of the following codes:
RDWN Rounding down.
RDUP Rounding up.
EXAC Exact.
USAGE RULES
The qualifier CAOP is to be used for investment funds only, whereby the holder has the option to receive the distribution in
cash or reinvest in securities.
If field :22H::BUSE//SWIF is used, then in the linkage sequence reference should be made to the previous message sent and
containing field :22H::BUSE/SWIT.
If field :22H::BUSE//SWIT is used, then in the linkage sequence reference should be made to the previous message sent and
containing field :22H::BUSE/SWIF.

FORMAT

Option B :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Date Code)
PRESENCE
Mandatory
QUALIFIER
1 M EXPI N A or C Expiry Date/Time
2 O RSET N A, B or C Requested Settlement Date

3 O NAVD N A or C Net Asset Value Calculation Date
DEFINITION
EXPI Date/time on which the order is to expire.
RSET Date/time on which the instructing party requests settlement to take place.
NAVD Date/time on which the net asset value is calculated (funds industry).
CODES
In option B, when Qualifier is RSET and Data Source Scheme is not present, Date Code must contain one of the following
codes:
SEOP Settlement is to be completed at the seller’s option.
TBAT Settlement is to be completed as a result of a ’to be announced’ trade.
WDIS Settlement is to be completed when the security is distributed.
WIDI Settlement is to be completed when the security is issued or when distributed.
WISS Settlement is to be completed when the security is issued.

20. Field 92A: Rate

FORMAT
PRESENCE
Optional

QUALIFIER
1 O CORA N A Commission Rate Applied
2 O COWA N A Percentage Commission Waived
3 O SWRT N A Switch Rate
DEFINITION
CORA The commission rate applied after waiving, in percentage.
COWA The percentage commission waived.
SWRT Switch Rate (Funds Industry)
The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum
USAGE RULES
SWRT (Switch Rate) is only to be used for "switch to" instructions (22F::BUSE//SWIT) and for 1 to n "switch to" scenarios
(Funds Industry).
21. Field 11A: Currency

FORMAT
PRESENCE
Optional

QUALIFIER
1 O FXIB N A Currency to Buy
or FXIS N A Currency to Sell
DEFINITION
FXIB Currency to buy in relation to the trade.
FXIS Currency to sell in relation to the trade.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
TRADPRTY Trading Parties.

FORMAT
Option P :4!c//4!a2!a2!c[3!c] (Qualifier) (BIC/BEI)

Option Q :4!c//4*35x (Qualifier) (Name & Address)
PRESENCE
Mandatory
QUALIFIER
1 M INVE N P, R or Q Investor
or BUYR N P, R or Q Buyer
or CLBR N P, R or Q Clearing Broker
or SELL N P, R or Q Seller
or STBR N P, R or Q Step-In Broker
or INBR N P, R or Q Introducing Broker
or BRCR N P, R or Q Broker of Credit
2 O ALTE N S Alternate ID
DEFINITION
INVE Investor.
BUYR Buyer.
CLBR Clearing broker.
SELL Seller.
STBR Step-in broker.
INBR Introducing broker.
BRCR Broker of credit.

ALTE Alternate ID.
identified in this sequence.
Country Code specifies the country for which the alternate identification is relevant.
Alternate ID specifies an alternate identification of the party identified in this sequence.
CODES
If Data Source Scheme is not present, Type of ID must contain one of the following codes:
ARNU Alien registration number.
CCPT Passport number.
CHTY Tax exempt identification number, ie, charity in UK.
CORP Corporate identification. Alternate Id must contain the name of the corporate, followed by a slash, ’/’,
followed by the number of the customer in a corporation.
DRLC Driver’s licence number. Alternate Id must contain the state of issue, followed by a slash, ’/’, followed
by the driver’s license number.
FIIN Foreign Investment Identity Number (to be used when different ID than Alien Number).
TXID Tax identification number.
24. Field 97a: Account

FORMAT

Option B :4!c/[8c]/4!c/35x (Qualifier) (Data Source Scheme) (Account Type Code)
(Account Number)
PRESENCE
Optional

QUALIFIER
1 O SAFE N A or B Safekeeping Account
2 O CASH N A Cash Account
DEFINITION
SAFE Safekeeping account that holds the securities.
CASH Account from/to which a payment is to be/has been made.
CODES
In option B, when Data Source Scheme is not present, Account Type Code must contain one of the following codes:
ABRD Financial instruments are held in an account abroad.
CEND Financial instruments are centralised in one location.
DVPA Cash/DVP - Account is used for settlement on delivery or collect on delivery basis.
FUNG The securities held in the account are fungible.
MARG Margin - Account is used when financing is by the broker/dealer.
NFUN The securities held in the account are not fungible.
PHYS Account is used for physical domestic safekeeping.
SHOR Short sale - Account is used for short sale orders.
25. Field 98a: Date/Time: Processing Date/Time

FORMAT


PRESENCE
Optional
QUALIFIER
1 O PROC N A or C Processing Date/Time
DEFINITION
PROC Date/time at which the transaction was processed at the party specified in the sequence.
26. Field 20C: Reference: Processing Reference

FORMAT
PRESENCE
Optional
QUALIFIER
1 O PROC N C Processing Reference
DEFINITION
PROC Reference meaningful to the party identified in the sequence. This reference specifies the reference to
the transaction at this party.

27. Field 70a: Narrative

FORMAT

Option D :4!c//6*35x (Qualifier) (Narrative)
PRESENCE
Optional
QUALIFIER
2 O PART N D Party Narrative
3 O DECL N E Declaration Details Narrative
DEFINITION
PACO Narrative of the contact unit or person responsible for the transaction at the party defined within the
party block.
PART Additional information for the party defined within the party block.
DECL Declaration details relative to the party.
28. Field 22F: Indicator: Party Capacity Indicator

FORMAT

PRESENCE
Optional
QUALIFIER
1 O TRCA N F Party Capacity Indicator
DEFINITION
TRCA Role of the broker in the transaction.
CODES
AGEN Trading as agent.
BAGN Acting as agent for both customer and another person.
CAGN Crossing as agent.
CPRN Crossing as principal.
OAGN Acting as agent for person other than customer.
PRAG Acting as agent for some executions and principal for others in the transaction.
PRIN Trading as principal.

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES
TRADPRTY Trading Parties.

FORMAT
PRESENCE
Optional
QUALIFIER
1 O ORDR N C6 B Quantity of Financial Instrument Ordered
2 O CANC N C2 B Quantity to Cancel
or MINI N B Minimum Quantity of Financial Instrument
3 O MAXF N B Maximum to be Shown on the Floor at a Time
DEFINITION
ORDR Quantity of financial instrument to be ordered.
CANC Quantity of financial instrument to cancel in a request to cancel or partially cancel a previously sent
MINI Minimum quantity of the financial instrument to be bought or sold if the entire order cannot be
executed.
MAXF Maximum to be shown on the floor at a time.

CODES
AMOR Quantity represents the current amortised face amount of a bond, eg, a periodic reduction of a bond’s
principal amount.
FAMT Quantity expressed as the face amount of the principal of a debt instrument.
UNIT Quantity expressed as a number, eg, a number of shares.
The integer part of Quantity must contain at least one digit. A decimal comma is mandatory and is included in the maximum
31. Field 19A: Amount: Ordered Amount

FORMAT
Option A :4!c//[N]3!a15d (Qualifier) (Sign) (Currency Code) (Amount)
PRESENCE
Conditional (C6)
QUALIFIER
1 O ORDR N A Ordered Amount
DEFINITION
ORDR Ordered Amount The cash amount to be used to derive the appropriate quantity of
financial instruments to be bought or sold.
The integer part of Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum
length. The number of digits following the comma must not exceed the maximum allowed for the specified currency (Error
code(s): C03, T40, T43).

When Sign is present, Amount must not be zero (Error code(s): T14).
USAGE RULES
Sign must be present when Amount is negative.
In case a market order is identified as an amount (ie, a cash amount to be invested), then this field and its qualifier must be
used. Consequently, the quantity cannot be specified.
The Executing Party needs to place an order which meets as close as possible the amount specified in this field 19A.
In the confirmation message sent by the Executing Party when the order has been filled, the actual quantity and price must
be specified.

FORMAT

PRESENCE
Mandatory
DEFINITION
USAGE RULES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

78 O CFRE N F Variable Rate Change Frequency
89 O CANR N F Cancellation Right Indicator
DEFINITION
MICO Computation method to calculate the interest of the related financial instrument.
FORM Form of securities is registered or bearer.
PFRE Payment frequency; periodic or regular cycle of interest payments.
PREF Preference to income; security status relative to the claim on income and assets of the company.
PAYS Payment status indicator; amount paid for the share.
REST Restrictions governing the transfer of ownership of the security.
PADI The direction of capital repayment for asset backed securities.
CFRE The frequency of changes to the variable rate of a fixed income instrument.
CANR Indicates whether a cooling off period applies (for investment funds).
CODES
If Data Source Scheme is not present and Qualifier is MICO, Indicator must contain one of the following codes:
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.

A009 Actual/365L.
CODES
If Data Source Scheme is not present and Qualifier is FORM, Indicator must contain one of the following codes:
BEAR Bearer security.
REGD Registered security.
CODES
If Data Source Scheme is not present and Qualifier is REST, Indicator must contain one of the following codes:
144A Unregistered security issued pursuant to US legal restrictions 144A.
NRST Ownership or transfer is not subject to restrictions.
RSTR Ownership or transfer is subject to restrictions (not pursuant to 144A).
CODES
If Data Source Scheme is not present and Qualifier is PREF, Indicator must contain one of the following codes:
ORDN Ordinary/common.
PRFD Security has a preferred claim upon income and assets.
CODES
If Data Source Scheme is not present and Qualifier is PFRE, Indicator must contain one of the following codes:
ANNU Annual payment cycle.
MNTH Monthly payment cycle.
QUTR Quarterly payment cycle.
SEMI Semi-annual payment cycle.
WEEK Weekly payment cycle.

CODES
If Data Source Scheme is not present and Qualifier is PAYS, Indicator must contain one of the following codes:
FULL Fully paid.
NILL Nill paid.
PART Partially paid.
CODES
If Data Source Scheme is not present and Qualifier is PADI, Indicator must contain one of the following codes:
CODES
If Data Source Scheme is not present and Qualifier is CFRE, Indicator must contain one of the following codes:
CODES
If Data Source Scheme is not present and Qualifier is CANR, Indicator must contain one of the following codes:
VALI Cancellation rights apply - valid values.
NOXO Cancellation rights do not apply - execution only.
NOWA Cancellation rights do not apply - waiver agreement in place.
NOIN Cancellation rights do not apply - institutional investor.

Note: It should be noted that some of the codes available in the field 22F of the FIA sequence B1 belong
to another sequence (eg: restrictions belong to the settlement details sequence). All the FIA field
22F codes will be reviewed during a later Standards Release eventually moved to another
sequence.

FORMAT

Description)
PRESENCE
Optional
QUALIFIER
DEFINITION
CLAS Classification type of the related financial instrument.
OPST Option style.
OPTI Option type.
CODES
If Data Source Scheme is not present and Qualifier is OPST, Instrument Type Code must contain one of the following
codes:
AMER American style.

ASIA Asian style.
EURO European style.
CODES
If Data Source Scheme is not present and Qualifier is OPTI, Instrument Type Code must contain one of the following codes:
CALL Call option.
PUTO Put option.
USAGE RULES
When option C is used, CFI Code must be a valid ISO CFI code.
To use the codes associated with the ISITC code for security type, /ASCT/, Data Source Scheme must be ISIT, and Instru-

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
DENO Denomination of the currency in which the security was issued.

37. Field 98A: Date

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
COUP Coupon date; the next coupon payment of an interest bearing security.
EXPI Expiry date; termination date of a privilege which may be exercised according to the terms of a secu-
rities issue.

FRNR Floating rate note reset date; the date the interest rate of a floating rate note will be calculated and
reset, according to the terms of the issue.
MATU Maturity date; date an interest bearing security becomes due and principal is paid.
ISSU Issue date; date the security was issued.
CALD Call date; date issuer of a bond can pay the remaining principal of a debt obligation prior to the final
maturity date.
CONV Conversion date; deadline by which a convertible security must be converted, according to the terms
of the issue.
PUTT Put date; a bond holder has the right to redeem the principal amount of a bond prior to the final matu-
rity date.
DDTE Dated date; date an interest bearing instrument begins to accrue interest.
FCOU First Coupon date: the date that the first interest payment is due on a fixed income instrument.
NWFC The date the current factor will be changed to a new factor on a mortgage-backed/asset-backed instru-
ment.
38. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
PRFC Previous factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond
(for asset or mortgage backed securities).
CUFC Current factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond
NWFC New factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for
asset or mortgage backed securities).
INTR 1. Ratio of the amount of interest paid during a certain period of time to the principal amount of the
interest bearing security;
NXRT Next interest rate; on a floating rate note, the interest rate applicable to the next payment period.
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
COUP Coupon number of the next coupon attached to the related financial instrument.
POOL Number assigned by the issuer of an asset-backed security (U.S.) to identify the group of mortgages.
LOTS Number identifying the lot of the security issue
VERN Version number of the option contract or tranche to the related financial instrument.
40. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CONV Whether the security is convertible into a different class of security.
FRNF Whether the interest rate of a bond is reset periodically.
COVE Covered flag.
CALL Whether the security is callable (the issuer has the right to pay the obligation prior to maturity).
PUTT Whether the security is putable (the issuer has the right to redeem securities prior to maturity).
WRTS Whether the warrants on a security which has been traded cum warrants will be attached on delivery
of the traded security.
ODDC Whether the payment of a coupon (interest) on a bond is not according to the normal schedule.
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
INDC Estimated indicative price, represented either as an actual amount (option B) or a percentage (option
A).
MRKT Current market price of the securities, represented either as an actual amount (option B) or a percent-
age (option A).
EXER 1. Price at which the security will be purchased/sold if the warrant is exercised. Price is represented
either as an actual amount (option B) or a percentage (option A).
2. Price at which the bond is converted. Price is represented either as an actual amount (option B) or
a percentage (option A).
3. Strike price of an option. Price is represented either as an actual amount (option B) or a percent-
age (option A).
CODES
CODES
Currency Code must be a valid ISO 4217 currency code (Error code(s): T52). The integer part of Price must contain at least
one digit. A decimal comma is mandatory and is included in the maximum length (Error code(s): T40, T43).

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

Value)
DEFINITION
MINO Minimum nominal quantity or lot of securities that must be purchased or exercised.
MIEX Minimum total quantity or lot of rights/warrants that must be exercised.
MILT Minimum multiple lot necessary to exercise warrants.
SIZE This represents the ratio or multiply factor to convert from contracts to shares, e.g. 1 option contract
could represent 10,000 shares of an equity.
ORGV Original par or face amount of an amortised instrument.

CODES
principal amount.
CODES
When Qualifier is ORGV, Quantity Type Code must contain:

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
FIAN Additional information about the financial instrument.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
45. Field 13a: Number Identification 13B: Number Identification: Certificate Number
FORMAT

PRESENCE
Optional
QUALIFIER
1 O CERT R B Certificate Number
2 O CLCL N A Client Classification Number
3 O CLTY N A Client Type Number

DEFINITION
CERT Certificate number of the financial instrument.
CLCL Client ’Classification’ e.g. standard , preferred , privileged...The classification numbering significa-
tion is to be provided by the account servicer in the SLA with the account owner.
CLTY Client Type Number e.g. private client , institutional client... The type numbering signification is to be
provided by the account servicer in the SLA with the account owner.
USAGE RULES
Data Source Scheme must not be used when Number is ISO 8532, Securities - Format for transmission of certificate
numbers.
46. Field 70E: Narrative: Trade Instruction Processing Narrative

FORMAT
PRESENCE
Optional
QUALIFIER
1 O TPRO N E Trade Instruction Processing Narrative
DEFINITION
TPRO Trade Instruction Processing Narrative Details of the trade process not included within structured
fields of this message


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SETDET Settlement Details.

FORMAT

PRESENCE
QUALIFIER
1 M SETR N F Type of Settlement Transaction
2 O STCO R C10 F Settlement Transaction Condition
3 O STAM N F Stamp Duty Indicator
4 O RTGS N F Securities Real-Time Gross Settlement Override

Indicator
5 O REGT N F Registration Override Indicator
6 O BENE N F Beneficial Ownership Override Indicator
7 O CASY N F Cash Settlement System Override Indicator
8 O DBNM N F Settlement Standing Instruction Database Indicator
DEFINITION
SETR Type of settlement transaction contained in the settlement details sequence.
STCO Conditions under which the order/trade is to be settled.
STAM Indicates the stamp duty type or exemption reason applicable to the settlement transaction.
RTGS Indicates whether the settlement transaction is standing arrangement to be settled settle through an
RTGS or a non RTGS system. system for securities is overridden or not.
REGT Indicates whether the standing arrangement for registration is to be done on receipt overridden or not.
BENE Indicates whether there is change of beneficial ownership or not.
CASY Indicates what cash settlement system is instructed to be used.
DBNM Indicates what settlement standing instruction database is to be used to derive the settlement parties
involved in the transaction.Presence of this indicator means that any information contained in the
settlement parties sequences of the message (with the exception of the buyer/seller and place of settle-
ment information) will be disregarded.

BENE Indicates whether the standing arrangement for the beneficial ownership is overridden or not.
CASY Indicates whether the standing arrangement for the cash settlement system is overridden or not.
involved in the transaction.
CODES
When Qualifier is SETR and Data Source Scheme is not present, Indicator must contain one of the following codes:
BSBC The transaction relates to a buy sell back closing leg.
BSBO The transaction relates to a buy sell back opening leg.
COLL The transaction relates to collateral in the form of securities.
CONV The settlement transaction is part of a DR conversion operation.
ISSU The settlement transaction is part of a DR issue operation.
OWNE Account transfer involving more than one instructing party (messages sender) and/or account servicer
(messages receiver).
OWNI Account transfer involving one instructing party (messages sender) at one account servicer (messages
receiver).
MKDW Relates to the decrease of positions held by an ICSD at the common depository due to custody opera-
tions (repurchase, pre-release, proceed of corp. event realigned).
MKUP Relates to the increase of positions held by an ICSD at the common depository due to custody opera-
tions (repurchase, pre-release, proceed of corporate event realigned).
NETT The transaction relates to the netting of settlement instructions.
NSYN Issue of medium and short term paper (CP, CD, MTN, notes...) under a program and without syndica-
tion arrangement.
PAIR The transaction is part of a pairoff.
PLAC The transaction is part of a placement.
REAL Realignment of positions between ICSD depositories.
REDI The transaction involves the withdrawal of specified amounts from specified sub-accounts.
REDM Redemption of Funds (Funds Industry ONLY).
RELE The settlement transaction is part of a release (into/from local) of DR operation.

REPU The transaction relates to a repo or reverse repo.
RODE Return of delivery without matching. Refers to the return of securities resulting from a
decayed/rejected delivery without matching operation.
RPTO The transaction is for reporting purposes only.
SECB The transaction is part of a securities borrowing operation.
SECL The transaction is part of a securities lending operation.
SUBS Subscription to funds (Funds Industry ONLY).
SYND Issue of securities (bonds, warrants, equities...) through a syndicate of underwriters and a Lead
Manager.
TRAD The transaction relates to the settlement of a trade.
TRPO Relates to a triparty repo.
TURN The transaction is part of a turnaround.
OWNE The transaction is an external own account transfer.
OWNI The transaction is an own account transfer.

CODES
When Qualifier is STCO and Data Source Scheme is not present, Indicator must contain one of the following codes:
CLEN Clean, tax-exempt, status bonds are to be settled (Japanese government bonds).
DIRT Dirty, non-tax-exempt, status bonds are to be settled (Japanese government bonds).
DLWM Delivery Without Matching. The delivery instruction does not require a matching receipt instruction
on the concerned market (only for the concerned ICSD and CSD).
DRAW Settlement on drawn securities.
EXER For derivatives, an option or future which is exercised.
FRCL Free clean settlement (this indicates that delivery will be made free of payment but that a clean
payment order will be sent).
KNOC For derivatives, an option or future which is knocked out (expired worthless).
NPAR Partial settlement is not allowed.
PART Partial settlement is allowed.
PHYS Securities are to be physically settled.
SPCS Split currency settlement - settlement is in two different currencies.
SPDL Trade to be settled with special delivery.
SPST Split settlement; when cash and securities settle in different locations.
UNEX Unexposed; delivery cannot be effected until cash is received.
CODES
When Qualifier is STAM, the Data Source Scheme should be used to indicate the stamp duty type or exemption reason, eg,
in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.
CODES
When Qualifier is RTGS and Data Source Scheme is not present, Indicator must contain one of the following codes:
NRTG Settle through the non-RTGS system. If there is a standing instruction in place for settlement through
the RTGS instruction, then this standing instruction is to be ignored.
YRTG Settle through the RTGS system. If there is a standing instruction in place for settlement through the
non-RTGS system, then this standing instruction is to be ignored.
NRTG Although the standing instruction is to settle through the RTGS system, it is for this settlement
required to override the standing instruction, ie, settle through the non-RTGS system

YRTG Although the standing instruction is to settle through the non-RTGS system, it is for this settlement
required to override the standing instruction, ie, settle through the RTGS system
CODES
When Qualifier is REGT and Data Source Scheme is not present, Indicator must contain one of the following codes:
NREG Hold the securities in street name. If there is a standing instruction in place to register on receipt, then
this standing instruction is to be ignored.
YREG Register on receipt. If there is a standing instruction in place to hold the securities in street name, then
NREG Although the standing instruction is to register on receipt, it is for this settlement required to override
the standing instruction, ie, to hold the securities in street name.
YREG Although the standing instruction is to hold the securities in street name on receipt, it is for this settle-
ment required to override the standing instruction, ie, to register the securities.
CODES
When Qualifier is BENE and Data Source Scheme is not present, Indicator must contain one of the following codes:
NBEN No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of bene-
ficial ownership (CBO), then this standing instruction is to be ignored.
YBEN Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of benefi-
cial ownership (NCBO), then this standing instruction is to be ignored.
NBEN Although the standing instruction is to change the beneficial ownership, it is for this settlement
required to override the standing instruction, ie, not to change the beneficial ownership
YBEN Although the standing instruction is not to change the beneficial ownership, it is for this settlement
required to override the standing instruction, ie, to change the beneficial ownership
CODES
When Qualifier is CASY and Data Source Scheme is not present, Indicator must contain one of the following codes:
BOJS Bank of Japan System (JP)
BOKW Bank of Korea Wire
CHEC Cheque

FEYC Foreign Exchange Yen Clearing System (JP)
GBSC UK domestic
GROS Gross settlement system
NETS Net settlement system
USCH CHIPS (US)
USFW Fedwire (US)
ZENG Zengin (domestic remittance) (JP)
CODES
When Qualifier is DBNM and Data Source Scheme is not present, Indicator must contain one of the following codes:
INTE The settlement standing instruction database to be used is the receiver’s internal database
BRKR The settlement standing instruction database to be used is the broker’s database
VEND The settlement standing instruction database to be used is the database of the vendor identified in the
other parties sequence D, party field 95a, with qualifier VEND.
CODES
USAGE RULES
The conditions of the use of the override codes for the qualifiers BENE, CASY, DBNM, REGT, RTGS and STCO must be
pre-agreed between account owner and account servicer.
When the code YREG in the registration override indicator is present, additional registration details must be specified in the
registration details narrative in the Settlement Parties sequence.
The cash settlement system codes are to be used only by agents directly involved in the settlement process, such as local
settlement agents, CSD’s and central banks.
The use of settlement transaction type codes CONV, ISSU, REAL, RELE, NETT, NYSN, MKUP, MKDW, SYND is
governed by the existence of a bilateral agreement.

50. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
1 O ACRU N B Accrued Interest Flag
2 O STAM N B Stamp Duty Flag
DEFINITION
ACRU Whether the net proceeds include interest accrued on the security.
STAM Whether the net proceeds include stamp duty amount.
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SETPRTY Settlement Parties.


FORMAT

PRESENCE
QUALIFIER
1 M SELL N C5, C7 P, R or Q Seller (Deliverer)
or DECU N C5, C7 P, R or Q Deliverer’s Custodian
or DEI1 N C5, C7 P, R or Q Deliverer’s Intermediary 1
or DEI9 N C5 P, R or Q Deliverer’s Intermediary 9
or DEAG N C5, C7 P, R or Q Delivering Agent
or PSET N C5 C, P R or Q Place of Settlement
or REAG N C5, C7 P, R or Q Receiving Agent
or REI1 N C5, C7 P, R or Q Receiver’s Intermediary 1

or REI9 N C5 P, R or Q Receiver’s Intermediary 9
or RECU N C5, C7 P, R or Q Receiver’s Custodian
or BUYR N C5, C7 P, R or Q Buyer (Receiver)
DEFINITION
SELL Seller (deliverer).
DECU Deliverer’s custodian.
DEI1 Deliverer’s intermediary 1.
DEAG Delivering agent.
PSET Place of settlement.

REAG Receiving agent.
REI1 Receiver’s intermediary 1.
RECU Receiver’s custodian.
BUYR Buyer (receiver).
ALTE Alternate ID.
CODES
CHTY Tax exempt identification number, i.e. charity in the UK.

USAGE RULES
Qualifiers used to identify the parties do not specify the business role of the parties but their position in the settlement chain
and the relationship which the parties have with one another.
In option C, Country Code specifies in physical settlement transactions the country of settlement. This allows the custodian
to direct instructions to a local agent in the country of settlement.
53. Field 97a: Account: Safekeeping Account

FORMAT

Option B :4!c/[8c]/4!c/35x (Qualifier) (Data Source Scheme) (Account Type Code
Identification) (Account Number)
PRESENCE
Conditional (C8)
QUALIFIER
1 O SAFE N A or B Securities Safekeeping Account
DEFINITION
SAFE Securities safekeeping account owned by (or held by) the party specified in the party field in the
sequence.

CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
PROC Reference meaningful to the party identified in the sequence. This reference specifies the reference of

FORMAT

PRESENCE
Optional

QUALIFIER
1 O REGI N D Registration Details Narrative
DEFINITION
REGI Name in which the securities are registered.
PACO Narrative description of the contact unit or person responsible for the transaction at the party defined
in the sequence.
PART Additional information for the party defined in the sequence.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CSHPRTY Cash Parties.

FORMAT

PRESENCE
QUALIFIER
1 M ACCW N C5 P, R or Q Account With Institution
or BENM N C5 P, R or Q Beneficiary of Money
or PAYE N C5 P, R or Q Paying Institution

DEFINITION
ACCW Account with institution. It identifies the institution to which the payment is to be made in favour of
the beneficiary of money, if different from the Receiver. This may be a branch or affiliate of the
Receiver, or of the intermediary, or of the beneficiary institution, or an entirely different financial
institution.
BENM Beneficiary of money. It identifies the party to be credited with the payment, when payment is to be
made to an institution different from the Receiver and identified as account with institution.
PAYE Specifies the party from whose account the payment needs to be done.
ALTE Alternate ID.
CODES

If qualifier ACCW or PAYE is present, the BIC must not be a BEI, ie, must not be of subtype BEID, MCCO, TRCO or
TESP (Error code(s): C05).
60. Field 97A: Account

FORMAT
PRESENCE
Optional
QUALIFIER
1 O CASH N A Cash Payment Account
2 O CHAR N A Charges Account
3 O COMM N A Commission Account
4 O TAXE N A Tax Account
DEFINITION
CHAR Account to be used for charges if different from the account for payment.
COMM Account to be used for commission if different from the account for payment.
TAXE Account to be used for taxes if different from the account for payment.

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
in the sequence.

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
AMT Amounts.
66. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
N No.
Y Yes.
USAGE RULES
Flag is only to be used in a sequence C3 with settlement amount field 19A::SETT//[N]3!a15d as it indicates whether the
concerned settlement amount includes the accrued interest and/or the stamp duty amount.
67. Field 19A: Amount

FORMAT
PRESENCE
QUALIFIER
1 M EXEC N A Executing Broker’s Commission
or CHAR N A Charges/Fees
or LOCO N A Local Broker’s Commission

or COUN N A Country, National Federal Tax
or DEAL N A Trade Amount
or ISDI N A Issue Discount/Allowance
or LEVY N A Payment Levy Tax
or LOCL N A Local Tax
or MARG N A Margin Amount
or POST N A Postage
or REGF N A Regulatory Fees
or SHIP N A Shipping
or SPCN N A Special Concessions
or STAM N A Stamp Duty
or STEX N A Stock Exchange Tax
or TRAN N A Transfer Tax
or TRAX N A Transaction Tax
or VATA N A Value Added Tax
or WITH N A Withholding Tax
or OTHR N A Other Amount
or COAX N A Consumption Tax
or ACCA N A Accrued Capitalisation
or ANTO N A Net Gain/Loss
2 O RESU N C1 A Resulting Amount
3 O OCMT N A Original Currency Amount
DEFINITION
This qualified generic field specifies a cash amount. This field is part of a sequence which identifies cash amounts such as
taxes and charges as well as amounts needed for accounting purposes, eg, original face value traded, broker commission,
etc. It specifies:

EXEC Executing broker’s commission.
CHAR Charges/fees levied for the provision of services.
LOCO Local broker’s commission.
COUN Country, national federal tax.
DEAL Trade amount; price multiplied by quantity.
ISDI Issue discount/allowance; discount on a new issue or new tranche of an existing issue.
LEVY Payment levy tax.
LOCL Local tax.
MARG Margin amount.
POST Postage amount.
REGF Regulatory fees, eg, Securities and Exchange fees.
SHIP Shipping, including insurance, etc.
SPCN The amount of commission, drawdown or other reduction from or in addition to the deal price.
STAM Stamp duty.
STEX Stock exchange tax.
TRAN Transfer tax.
TRAX Transaction tax.
VATA Value added tax.
WITH Percentage of a cash distribution that will be withheld by a tax authority.
OTHR Other amount.
COAX Consumption Tax. It is used in the UK market.
ACCA Accrued Capitalisation.
ANTO Net gain/loss.
RESU A cash amount resulting from a foreign exchange conversion.
OCMT Posting/settlement amount in its original currency when conversion from/into euro has occurred.

code(s): C03, T40, T43).
USAGE RULES
68. Field 98a: Date/Time: Value Date

FORMAT

PRESENCE
Optional
QUALIFIER
1 O VALU N A or C Value Date/Time
DEFINITION
VALU Date/time at which the cash movement is to take place.
69. Field 92B: Rate: Exchange Rate

FORMAT
Option B :4!c//3!a/3!a/15d (Qualifier) (First Currency Code) (Second Currency Code)

(Rate)
PRESENCE
Optional
QUALIFIER
1 O EXCH N B Exchange Rate
DEFINITION
EXCH Exchange rate between the amount and the resulting amount.
First Currency Code and Second Currency Code must be valid ISO 4217 currency codes (Error code(s): T52).
USAGE RULES
The order of the two currencies specified here is independent of the currencies in the amount and resulting amount fields.
Therefore the exchange rate can be expressed as a reciprocal if required.

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES
AMT Amounts.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES
OTHRPRTY Other Parties.

FORMAT

PRESENCE
QUALIFIER
1 M EXCH N C5 P, R or Q Exchange
or MEOR N C5 P, R or Q Originator of Message
or MERE N C5 P, R or Q Recipient of Message
or TRRE N C5 P, R or Q Trade Regulator
or VEND N C5, C10 P, R or Q Vendor

C11
or TRAG N C5 P, R or Q Triparty Agent
DEFINITION
EXCH Exchange.
MEOR Originator of message (if other than the Sender).

MERE Recipient of message (if different from the Receiver).
TRRE Trade regulator.
VEND Vendor of the Settlement Standing Instruction database requested to be consulted through sequence C
field 22F::DBNM//VEND.
ALTE Alternate ID.
TRAG The receiver of the repo instruction.
CODES

FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
SAFE Safekeeping account, held by the party specified in this sequence.
CASH Account from/to which a payment is to be/has been made and which is held by the party specified in
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
in the sequence.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES
REPO Repo Details.
79. Field 98a: Date/Time: Closing Date/Time

FORMAT

PRESENCE
Optional
QUALIFIER
1 O TERM N A, B, C Closing Date/Time
DEFINITION
TERM The closing date/time or maturity date/time of the repo transaction.
CODES
In option B, when Data Source Scheme is not present, Date Code must contain one of the following codes:
OPEN Open-dated. Date/time has not been established.
UKWN Unknown date. Date/time is unknown by the Sender.


FORMAT
PRESENCE
Optional
QUALIFIER
1 O RERT N F Repurchase Rate Type
3 O REPT N F Repurchase Type Indicator
DEFINITION
RERT Repurchase rate type; whether the rate is fixed or variable.
MICO Computation method of the accrued interest of the related financial instrument.
REPT Indicates the type of repurchase concerned by the transaction.
CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.

A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES
If Data Source Scheme is not present and Qualifier is RERT, Indicator must contain one of the following codes:
FIXE The repurchase rate is fixed.
FORF No specific repurchase rate applies to the Repo, only a forfeit.
VARI The repurchase rate is variable.
CODES
If Data Source Scheme is not present and Qualifier is REPT, Indicator must contain one of the following codes:
CADJ Relates to a repo SWAP/Substitution.
CALL Relates to a change in the closing or maturity date.
PAIR Relates to a repo that is part of a pair-off.
REPC Relates to the closing leg of a repo.
REPO Relates to the opening leg of a repo.
REPE Relates to a reverse repo.
ROLP Relates to a repo rollover of a position extending the closing or maturity date.


FORMAT
PRESENCE
Optional
QUALIFIER
1 O SECO N C Second Leg Reference
2 O REPO N C Repo Reference
DEFINITION
SECO Reference of the second part of the repurchase agreement.
REPO Repo Reference common to all the collateral pieces (one or many).
82. Field 92a: Rate

FORMAT
Option C :4!c/[8c]/24x (Qualifier) (Data Source Scheme) (Rate Name)

PRESENCE
Optional
QUALIFIER

1 O VASU N C Variable Rate Support
2 O REPO N A Repurchase Rate
3 O RSPR N A Repurchase Spread Rate
DEFINITION
VASU Variable rate support; index or support rate used together with the spread to calculate the repurchase
rate.
REPO Repurchase rate; rate to be used to recalculate the repurchase amount.
RSPR Repurchase spread interest rate; margin over or under an index that determines the repurchase rate.
Rate Name specifies the reference rate or basis rate on which a variable rate is based.
USAGE RULES
83. Field 99B: Number Count

FORMAT
Option B :4!c//3!n (Qualifier) (Number)
PRESENCE
Optional
QUALIFIER
1 O CADE N B Repurchase Call Delay

2 O TOCO N B Total Number of Collateral Instructions
DEFINITION
CADE Repurchase call delay; minimum number of days notice you need to give your counterparty for termi-
nating the repurchase agreement.
TOCO The total number of collateral instructions which are linked together.

FORMAT
PRESENCE
Optional
QUALIFIER
1 O FORF N A Forfeit Repurchase Amount
2 O REPA N A Repurchase Amount
3 O REPP N A Repurchase Premium Amount
4 O ACRU N A Accrued Interest Amount
5 O DEAL N A Deal Amount
DEFINITION
FORF Fixed amount which has to be paid (instead of interest) in the case of a recall (or at the closing date
instead of an interest). recall.
REPA Cash amount to be settled in the second part of the repurchase agreement.

REPP Difference between the cash movement of the first part and the second part of the repurchase agree-
ment.
ACRU Accrued Interest Amount (for second leg).
DEAL Deal Amount (for second leg).
code(s): C03, T40, T43).
USAGE RULES
85. Field 70C: Narrative: Repurchase Narrative

FORMAT
PRESENCE
Optional
QUALIFIER
1 O REPO N C Repurchase Narrative
DEFINITION
REPO Repurchase narrative; details of the repurchase agreement not included within structured fields of this
message.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

MT 503 Collateral Claim

Note: The use of this message type requires Message User Group (MUG) registration.
MT 503 Scope
This message is sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager. This
message is also sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager.
When sent by the taker, it is used to:
request new collateral at the initiation of an exposure

request additional collateral
When sent by the giver, it is used to:
request the return of collateral

recall the collateral upon the termination of an underlying exposure.
This message is also used by the taker or the giver to request the cancellation of a previously sent collateral claim.
This message must not be used to initiate a substitution of collateral.
The message may also be used to:
re-send a message previously sent (Subfunction of the message is DUPL)

provide a third party with a copy of the message for information (Subfunction of the message is COPY)
re-send to a third party a copy of the message for information (Subfunction of the message is CODU).

The user header of the message (block 3) is mandatory and must contain a code in the Validation Flag field 119 (
{3:{119:xxxx}} ) to identify the exposure type or collateral reason.
These codes may be used for routing purposes.
The collateral claim consists of three sequences.
Sequence A General Information provides general information about the message and the collateral transaction, ie, the func-
tion of the message, the identification of the collateral transaction, the references of the linked messages, the identification
of the underlying agreement(s), the identification of the parties, the reason for which collateral is needed (the exposure
type), the identification of the collateral action and the contact information.
Sequence B Summary provides information related to the collateral position, ie, the identification of the exposed party, the
total exposure amount, the total collateral amount held by the taker, the value of collateral to be added to or to be returned
from the collateral held. The sequence contains an optional subsequence with the amounts taken into account to calculate
the collateral position. These amounts are required for certain types of exposures. The subsequence also contains the valua-
tion dates and the requested settlement date of the collateral.
Optional sequence C specifies the details of the collateral claimed. It is used by the taker only if the taker wants to receive
specific collateral. It is used by the giver to specify the collateral it wants to pull out of the collateral held by the taker. The
collateral can be securities, cash, documentary credits or bank guarantees.

MT 503 Collateral Claim
Name
----->
-----|
----->Repetitive Mandatory Subsequence A1 Agreement
M 16R Start of Block AGRE 4
O 22F AGRE Indicator Agreement Indicator :4!c/[8c]/4!c 5
O 98A AGRE Date Agreement Date :4!c//8!n 6
O 13B AGRE Number Agreement Version :4!c/[8c]/30x 7

Number
O 70C AGRE Narrative Agreement Narrative :4!c//4*35x 8
M 16S End of Block AGRE 9
-----| End of Subsequence A1 Agreement
----->
M 22H 4!c Indicator (see qualifier description) :4!c//4!c 11
-----|
----->
M 95a 4!c Party (see qualifier description) P, Q or R 12
-----|
O 70C PACO Narrative Party Contact Narrative :4!c//4*35x 13
----->Repetitive Optional Subsequence A2 Linkages

Name

tion

Mandatory Sequence B Summary
M 16R Start of Block SUMM 19
O 95a EXPP Party Exposed Party P, Q or R 20
----->
M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 21
-----|
Optional Subsequence B1 Summary Details
M 16R Start of Block SUMD 22
----->
O 19B 4!c Amount (see qualifier description) :4!c//3!a15d 23
-----|
----->
-----|
M 16S End of Block SUMD 25
End of Subsequence B1 Summary Details
M 16S End of Block SUMM 26
End of Sequence B Summary

----->Repetitive Optional Sequence C Collateral Details
M 16R Start of Block COLD 27

Name
M 20C COLR Reference Collateral Reference :4!c//16x 28
----->
-----|
O 98A SETT Date Settlement/ Delivery Date :4!c//8!n 30
Optional Subsequence C1 Securities Collateral Details
M 16R Start of Block SCOL 31
M 35B Identification of Financial [ISIN1!e12!c] 32

Instrument [4*35x]
M 36B COLL Quantity of Finan- Quantity of Securities :4!c//4!c/15d 33

cial Instrument Collateral
O 17B OWNF Flag Ownership Flag :4!c//1!a 34
M 16S End of Block SCOL 35
End of Subsequence C1 Securities Collateral Details

Optional Subsequence C2 Cash Collateral Details
M 16R Start of Block CCOL 36
M 19B DEPO Amount Deposit Amount :4!c//3!a15d 37
M 22H DEPO Indicator Type of Deposit Indicator :4!c//4!c 38
O 98A MATU Date Maturity Date :4!c//8!n 39
M 16S End of Block CCOL 40
End of Subsequence C2 Cash Collateral Details

Optional Subsequence C3 Other Collateral Details
M 16R Start of Block BCOL 41
M 22H BCOL Indicator Type of Other Collateral :4!c//4!c 42

Indicator
----->
M 98a 4!c Date/Time (see qualifier description) A or B 43
-----|

Name
M 95a ISSU Party Issuer P, Q or R 44
M 16S End of Block BCOL 46
End of Subsequence C3 Other Collateral Details
M 16S End of Block COLD 47
-----| End of Sequence C Collateral Details

C1
In sequence A, if the value of field :23G:<Function> subfield 1 is CANC, then minimum one occurrence of subse-
quence A2 Linkages must be present, and field-qualifier :20C::PREV must be present in minimum one occurrence of
subsequence A2 Linkages (Error code(s): E08).
Sequence A
if value of field :23G:4!c[/4!c] then subsequence A2 is... and in minimum one occurrence
subfield 1 is... of subsequence A2
field :20C::PREV//16x is...
CANC Mandatory, ie, minimum one Mandatory (note: it does not have
occurrence of A2 to be present in all occurrences of
A2)
NEWM Optional Optional
C2
In sequence A, if field :20C::SCTR is not present, then field :20C::RCTR is mandatory, otherwise field :20C::RCTR is
optional (Error code(s): E68).
Sequence A Sequence A
if field :20C::SCTR is... then field :20C::RCTR is ...
Not Present Mandatory
Present Optional

C3
In sequence B, if field :19B::TEXA is not present, then field :19B::TCRL is mandatory, otherwise field :19B::TCRL is
optional (Error code(s): C04).
if field :19B::TEXA is ... then field :19B::TCRL is ...
Present Optional
C4
In each occurrence of sequence C, the presence of subsequences C1, C2 and C3 depends on the value of field
:22H::COLL//<Indicator> as follows(Error code(s): E83).
In each occurrence of In the same occur- In the same occur- In the same occurrence
sequence C rence of sequence C rence of sequence C of sequence C
if field then subsequence and subsequence C2 is and subsequence C3 is ...
:22H::COLL//4!c is ... C1 is ... ...
BCOL Not allowed Not allowed Mandatory
CCOL Not allowed Mandatory Not allowed
SCOL Mandatory Not allowed Not allowed
C5
In each occurrence of subsequence C2, the presence of field :98A::MATU depends on the value of field
:22H::DEPO//<Indicator> as follows (Error code(s): E85).
In each occurrence of subsequence C2 In the same occurrence of subsequence C2

if field :22H::DEPO//4!c is ... then field :98A::MATU is ...
FIXT Mandatory
CLNT Not allowed
C6
In each occurrence of subsequence C3, if field :22H::BCOL//LCOL is present, then field :98B::EXPI//OPEN (ie, Qual-
ifier = EXPI, Data Source Scheme not present and Date Code = OPEN) is not allowed, otherwise field
:98B::EXPI//OPEN is optional (Error code(s): E72).


if field :22H::BCOL//LCOL is ... then field :98B::EXPI//OPEN is ...
Present Not allowed
C7
In sequence B, the presence of field :95a::EXPP depends on the value of field :22H::COAL//<Indicator> in sequence A
as follows (Error code(s): E97).
Sequence A Sequence B
if field :22H::COAL//4!c is ... then field :95a::EXPP is ...
INIT Mandatory
VARI Mandatory
TERM Not allowed
C8
In each occurrence of subsequence A1, if field :22F::AGRE is not present, then field :70C::AGRE is mandatory, other-
wise field :70C::AGRE is optional (Error code(s): E71).
In each occurrence of subsequence A1 In the same occurrence of subsequence A1

if field :22F::AGRE is ... then field :70C::AGRE is ...
Present Optional
C9
In subsequence B1, fields 16R and 16S may not be the only fields present. If both fields 16R and 16S are present, then
at least one of the other fields of the same subsequence must be present (Error code(s): D13).
C10
The user header of the message (block 3) is mandatory and must contain a valid code in the Validation Flag field 119 (
{3:{119:xxxx}} ). This code must be identical to the code contained in field :22H::COLA//xxxx (Exposure Type Indi-
cator) in sequence A of the message content (text block 4) (Error code(s): C94).
MT 503 Usage Rules

The exchange of information related to the trade itself as well as to the settlement of the collateral is done with the existing
confirmation and settlement messages of the relevant categories (categories 2, 3, 5, 7, 9).

MT 503 Guidelines
When the total exposure covers several exposures in different currencies, the currency of sequence B is usually the reporting
currency. When the total exposure covers one or more exposures in the same currency, either this currency or the reporting
currency is used in sequence B.
The code identifying the exposure type or collateral reason in the user header of the message (block 3) must be identical to
the code contained in field :22H::COLA//xxxx (Exposure Type Indicator) in sequence A of the message content (text
block 4).
The collateral management process is initiated every time a new exposure is created, ie, when a new trade relationship is
established. Also, membership of a clearing system usually requires the posting of collateral before clearing can start. This
provides a guarantee that the member will honour its obligations.
The type of institutions involved in collateral management and who can send and/or receive collateral messages are:
clearing, netting, RTGS systems

central banks
institutional investors
fund managers
custodians
local authorities
corporates
banks
third party service providers
exchanges
Collateral can be claimed for the following reasons or products:
payments/settlements
credit lines
FX and derivatives trading
repo trading
securities lending and borrowing
cross-product, ie, combining collateral needs issued from different types of trades.
The types of collateral that can be proposed are:
securities
cash
letters of credit and bank guarantees (only for bilateral collateral management)
A collateral claim can be sent:
At initiation time, when the initiative is taken by the taker, a collateral claim is sent asking the giver to post collateral.
The claim provides the exposure amount and the value of collateral required. The taker can also include the details of
the collateral he wants.
When a new exposure is created by a variation in the value of the exposure, in the value of the collateral or in both
values.
The taker will send a claim for additional collateral to be posted by the giver when his exposure vis-à-vis the giver
increases, either because of additional exposure, increase of value of the existing exposure, decrease of value of
the posted, or several of these occur.
The giver will send a collateral claim to the taker containing the details of the collateral to be returned, when the
exposure from the taker vis-à-vis the giver decreases, either because of diminished exposure, decrease of value of
the existing exposure, increase of value of the posted exposure or several of these occur.
When the exposure changes sides, ie, the ’former taker’ is no longer exposed to the ’former giver’ but the roles are
reversed so that the ’former taker’ becomes the new giver and the ’former giver’ becomes the new taker. The
(new) taker will send a claim for the return of his collateral. The same message will contain the details of the call
for new collateral.

At termination time, when the exposure between the parties has disappeared completely. This happens for instance
when a trade has reached maturity or when parties have decided to stop trading altogether or when an institution pulls
out of a clearing system. The giver will send a message claiming all posted collateral.
Industry Requirements
ISDA Definitions
Credit Support Amount
Unless modified by the parties, the Credit Support Amount is generally the amount of Eligible Credit Support that the
Secured Party is entitled to hold as of a particular Valuation Date.
The Credit Support Amount is usually defined as:
the Secured Party’s Exposure; plus

the aggregate of all Independent Amounts applicable to the Pledgor, if any; minus
the aggregate of all Independent Amounts applicable to the Secured Party, if any, minus
the Pledgor’s Unsecured Threshold.
The Credit Support Amount, however, is deemed to be zero whenever its calculation would yield a number less than zero.
Independent Amount
An Independent Amount is an amount that may be used as an add-on to Exposure which can reflect, among other things, the
volatility of a particular Transaction or credit concerns relating to one or both counterparties.
When an Independent Amount is applicable to a party, it increases the Credit Support Amount that is applicable when the
other party is the Secured Party and decreases the Credit Support Amount that is applicable when that party is the Secured
Party.
However, some parties may wish to modify the Credit Support Amount formula specified above to eliminate the subtraction
of Independent Amounts applicable to the Secured Party. In this case, the Independent Amount represents the minimum
Credit Support Amount when that party is a Credit Support Taker.
For example, Credit Support Amount may be defined as:

the aggregate of all Independent Amounts applicable to the Pledgor, if any, minus
Provided that in the case where the sum of the Independent Amounts applicable to the Pledgor exceeds zero, the Credit
Support Amount will not be less than the sum of all Independent Amounts applicable to the Pledgor. In all other cases, the
Credit Support Amount will be deemed to be zero whenever the calculation of Credit Support Amount yields an amount less
than zero.
Hence, in the Collateral Messages, Independent Amounts should default to be treated as nettable unless being explicitly
stated as being non-netted.
Basic Amount
The Basic Amount with respect to any one party represents the minimum value of Posted Credit Support required at all
times from a counterparty independently of any exposure.
Basic Amounts are not subject to any form of netting with Delivery or Return Amounts.

Thresholds
The Threshold generally represents the amount of unsecured risk (measured by the Secured Party’s Exposure and the aggre-
gate of any Independent Amounts due, if any) that a party is willing to tolerate without holding any Posted Credit Support
provided by the other party.
Generally, under the standard definition of Credit Support Amount, the unsecured threshold is deducted from the current
exposure in order to arrive at the Credit Support Amount required for a particular Valuation Date.
Alternatively, given the flexibility provided under ISDA documentation, the parties can agree to vary the Credit Support
Amount definition so that when the exposure is greater than the threshold, the Credit Support Amount is calculated without
any deduction of the unsecured Threshold, ie, Credit Support Amount = the entire Secured Party’s exposure.
Such a threshold arrangement is commonly referred to by the market as a SECURED Threshold since, once breached, the
whole exposure is effectively offset by Posted Credit Support.
EXAMPLE - reporting currency is USD
Total Exposure Amount 25,000,090 USD
Adjusted Exposure Amount (based on bilateral agree- 25,000,090 USD

ments)
Netted Independent Amount 1,000,000 USD
Unsecured Threshold Amount 2,000,000 USD
Subtotal 24,000,090 USD
Basic Amount 0
Credit Support Amount 24,000,090 USD
Value of Collateral Held 15,384,615 USD
Delivery Amount 8,615,475 USD
(Minimum Transfer Amount) (5,000,000)
(Rounding Integer Amount ) (250,000)
COLLATERAL CALL AMOUNT 8,750,000 USD
The items stated in italics are not present on the message as they can be deducted from the other amounts.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
GENL General Information

FORMAT
PRESENCE
Mandatory
QUALIFIER
2 O SCTR N C Sender’s Collateral Transaction Reference
3 O RCTR N C2 C Receiver’s Collateral Transaction Reference
DEFINITION
SEME Sender’s Reference Reference assigned by the Sender to unam-

biguously identify the message.

SCTR Sender’s Collateral Transaction Reference Unique reference identifying the collateral
management transaction from the Sender’s
point of view.
RCTR Receiver’s Collateral Transaction Reference Unique reference identifying the collateral
management transaction from the Receiver’s
point of view.
USAGE RULES
For qualifiers SCTR and RCTR:
If both the Sender’s and the Receiver’s Collateral Transaction References are available, they both should be included.
The Collateral Transaction Reference can be a deal reference when the collateral management is done on a per deal
basis.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC Cancellation Request This is a request to cancel a previously sent collateral claim.
NEWM New This is a new collateral claim.
CODES
CODU Copy Duplicate This claim is being sent as a copy to a party other than the original
Receiver, for information purposes. It is a duplicate of a claim previously
sent.

COPY Copy The message is being sent as a copy to a party other than the original
Receiver, for information purposes.
DUPL Duplicate The message is for information purposes. It is a duplicate of a claim previ-
ously sent.
USAGE RULES
To cancel a previously sent claim, Function is CANC. The reference in the previous reference field must contain the
Sender’s Reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled
4. Field 16R:Start of Block

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement
USAGE RULES
More than one occurrence of the agreement is only authorised for cross-product collateralisation and when no overall master
agreement is in place yet.
5. Field 22F: Indicator: Agreement Indicator

FORMAT
PRESENCE
Optional

QUALIFIER
1 O AGRE N F Agreement Indicator
DEFINITION
AGRE Agreement Indicator The underlying master agreement.
CODES
AFBA AFB Agreement The French Banker’s Association Agreement.
BBAA BBA Agreement The British Banker’s Association Agreement.
DERV German Rahmenver- The German Rahmenvertrag Agreement.

trag Agreement
ISDA ISDA Agreement The International Swaps and Derivatives Association Agreement.
NONR No Reference No information about the master agreement is available.
USAGE RULES
For agreements different from the ones listed in the code list for Indicator, field 70C should be used.
6. Field 98A: Date: Agreement Date

FORMAT
PRESENCE
Optional

QUALIFIER
1 O AGRE N A Agreement Date
DEFINITION
AGRE Agreement Date The date of signature of the agreement.
7. Field 13B: Number: Agreement Version Number

FORMAT
PRESENCE
Optional
QUALIFIER
1 O AGRE N B Agreement Version Number
DEFINITION
AGRE Agreement Version The version of the agreement.

Number

USAGE RULES
For ISDA agreements (:22F::AGRE//ISDA), Data Source Scheme should not be used and Number should be a year in
the YYYY format.
8. Field 70C: Narrative: Agreement Narrative

FORMAT
PRESENCE
Conditional (C8)
QUALIFIER
1 O AGRE N C Agreement Narrative
DEFINITION
AGRE Agreement Narrative Narrative description of the agreement.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PREP Preparation The date/time at which the message was prepared.

Date/Time
11. Field 22H: Indicator

FORMAT
PRESENCE
Mandatory
QUALIFIER

1 M COAL N H Collateral Action Type Indicator
2 M COLA N C10 H Exposure Type Indicator
DEFINITION
COAL Collateral Action The operation type within the collateral management life cycle.
Type Indicator
COLA Exposure Type Indi- The underlying business area/type of trade causing the exposure.
cator
CODES
If qualifier is COAL, Indicator must contain one of the following codes (Error code(s): T01):
INIT Initiation First call for collateral.
TERM Termination End of exposure.
VARI Variation Addition/return of collateral.
CODES
If qualifier is COLA, Indicator must contain one of the following codes(Error code(s): T03)
COMM Commodities Trading of exchanged traded commodities.
CRPR Cross Product Combination of various exposure types.
CRSP Credit Support Cash lending/borrowing; Letter of Credit; signing of master agreement.
CRTL Credit Line Opening of a credit line before trading.
EXTD Exchange Traded Trading of exchanged traded derivatives in general.

Derivatives
FIXI Fixed Income Trading of fixed income instruments.
FORX Foreign Exchange FX trading.
LIQU Liquidity In support of settlement via an RTGS or other clearing system.
OTCD OTC Derivatives OTC Derivatives trading.

PAYM Cash Settlement In support of any type of cash settlement.
REPO Repurchase Agree- Repo trading.

ment
SBSB Securities Buy Sell Securities buy sell back trading.

Back
SCRP Securities Cross Combination of securities related exposure types.

Product
SECL Secured Loan Secured loan.
SLEB Securities Lending and Securities lending and borrowing.

Borrowing
TCRP Treasury Cross Combination of treasury related exposure types.

Product
USAGE RULES
For qualifier COAL:
Indicator INIT is normally not used for Repo trading as the initiation of a Repo is done using the relevant Securities Trade
Confirmation messages, unless it is practice for the front office traders to agree on the Repo cash amount and the collateral
requirements are to be sorted out by the back-office.

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M PTYA N P, Q or R Party A
2 M PTYB N P, Q or R Party B

DEFINITION
PTYA Party A This party is either the taker when the claim is sent for new or additional
collateral or the giver when the claim is sent for return of collateral.
PTYB Party B The counterparty of party A, ie, the giver when party A is the taker or the
taker when party A is the giver.
BIC specifies the Bank Identifier Code. BEI specifies Business Entity Identifier.
USAGE RULES
The parties can be any type of institution. They can also identify an RTGS or another clearing system.
13. Field 70C: Narrative: Party Contact Narrative

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narra- Narrative description of the contact unit or person with party A responsible
tive for the transaction.


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
This field must contain the following code(Error code(s): T92):
LINK Linkages

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
RELA Related Reference Reference of the linked message (response, proposal, substitution or state-
ment message) which was previously received.
PREV Previous Reference Reference of the linked message which was previously sent (claim,
response, proposal, substitution or statement message).

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES
LINK Linkages

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory

DEFINITION
CODES
SUMM Summary
20. Field 95a: Party: Exposed Party

FORMAT

PRESENCE
Conditional (C7)
QUALIFIER
1 O EXPP N P, Q or R Exposed Party
DEFINITION
EXPP Exposed Party The party which is exposed to its counterparty, ie, the taker.

21. Field 19B: Amount

FORMAT
Option B :4!c//3!a15d (Qualifier) (Currency Code) (Amount)
PRESENCE
Mandatory
QUALIFIER
1 M COVA N B Value of Collateral Held
2 M CCAL N B Collateral Call Amount
or CRET N B Value of Collateral to be Returned
3 O TEXA N B Total Exposure Amount
4 O TCRL N C3 B Total Credit Line Amount
5 O PTYB N B Party B’s Exposure Amount
DEFINITION
COVA Value of Collateral Total value of the collateral (post-haircut) held by the taker prior to the
Held collateral claim.
CCAL Collateral Call The amount of new or additional collateral claimed by the taker.
Amount
CRET Value of Collateral to The amount of collateral to be returned to the giver.

be Returned
TEXA Total Exposure Total exposure by the exposed party.

Amount
TCRL Total Credit Line Applicable credit line amount.

Amount
PTYB Party B’s Exposure Exposure from party A’s counterparty’s viewpoint (needed for certain types
Amount of agreements).

The integer part of Amount must contain at least one digit. The decimal comma is mandatory and is included in the
maximum length. The number of digits following the comma must not exceed the maximum allowed for the specified
currency (Error code(s): C03, T40, T43).
USAGE RULES
See also the ISDA definitions in the Usage Rules section for examples.
For qualifier COVA:

-the value of the collateral held is usually zero at initiation
(:22H::COAL//INIT)
For qualifier CCAL:

-usually used at initiation and variation
(:22H::COAL//INIT or //VARI)
For qualifier CRET:

-usually used at termination and variation
(:22H::COAL//TERM or //VARI)

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SUMD Summary Details

FORMAT

PRESENCE
Optional
QUALIFIER
1 O THRS N B Secured Threshold Amount
or THRU N B Unsecured Threshold Amount
2 O PRHA N B Pre-haircut Collateral Value
3 O AEXP N B Adjusted Exposure Amount
4 O CORE N B Collateral Required Amount
5 O RADD N B Basic Amount
6 O NRAD N B Netted Independent Amount
7 O MITR N B Minimum Transfer Amount
8 O ROUN N B Rounding Integer Amount
DEFINITION
THRS Secured Threshold The amount of secured risk the exposed party is willing to tolerate. If the
Amount exposure is bigger than this amount, the whole exposure needs to be offset
otherwise no collateral is needed.
THRU Unsecured Threshold The amount for which the exposed party doesn’t have to post collateral.
Amount The difference between the total exposure amount and this amount needs to
be collateralised.
PRHA Pre-haircut Collateral The total value of posted collateral (pre-haircut) held by the taker prior to
Value the collateral claim.
AEXP Adjusted Exposure The total amount of collateral required (unrounded).

Amount
CORE Collateral Required The total amount of collateral required (rounded).

Amount
RADD Basic Amount The recoverable add-on amount to the exposure.
NRAD Netted Independent The non recoverable add-on amount to the exposure.
Amount

MITR Minimum Transfer The minimum additional collateral amount required above the collateral
Amount held.
ROUN Rounding Integer The amount to which the value of the collateral collected may be rounded
Amount up.
USAGE RULES
See also the ISDA definitions in the Usage Rules section for a more detailed explanation of the amount fields and examples.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O VALE N A or C Date/Time of Valuation of the Exposure
2 O VALC N A or C Date/Time of Valuation of the Collateral
3 O RSET N A Requested Settlement Date
DEFINITION
VALE Date/Time of Valua- The date/time at which the exposure was valued.
tion of the Exposure
VALC Date/Time of Valua- The date/time at which the collateral was valued.
tion of the Collateral

RSET Requested Settlement Requested settlement date of the claimed collateral.

Date
Date must be a valid date expressed as YYYYMMDD (Error code(s): T50)

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
SUMM Summary


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
COLD Collateral Details
28. Field 20C: Reference: Collateral Reference

FORMAT
PRESENCE
QUALIFIER
1 M COLR N C Collateral Reference
DEFINITION
COLR Collateral Reference Reference assigned by the giver to unambiguously identify the piece of
collateral.

USAGE RULES
For Letters of Credit, Collateral Reference is the Documentary Credit Number.

FORMAT
PRESENCE
QUALIFIER
1 M COLL N H Collateral Type Indicator
2 M INOU N H In/Out Indicator
3 O TYCO N H Type of Collateralisation Indicator
DEFINITION
COLL Collateral Type Indi- Indicates the type of collateral.

cator
INOU In/Out Indicator Indicates whether the collateral specified is to be added or returned from the
collateral held by the exposed party.
TYCO Type of Collateralisa- The legal status of the collateral (needed in certain markets).
tion Indicator
CODES
When qualifier is COLL, Indicator must contain one of the following codes (Error code(s): T04)
BCOL Other Collateral Either a Bank Guarantee or Letter of Credit.
CCOL Cash Collateral The collateral is cash.

SCOL Securities Collateral The collateral is securities.
CODES
When qualifier is INOU, Indicator must contain one of the following codes (Error code(s): T07):
COLI In Added to the collateral held.
COLO Out Retrieved from the collateral held.
CODES
When qualifier is TYCO, Indicator must contain one of the following codes:
BLPG Basic Pledge Basic pledge.
LOAN Loan for consumption Loan for consumption
OTHR Other Type of collaterisation different from the ones stated above.
OUTT Outright Transfer Absolute transfer of title.
SPLG Security Interest (Single Security interest (Single Pledge).

Pledge)
30. Field 98A: Date: Settlement Date

FORMAT
PRESENCE
Optional
QUALIFIER
1 O SETT N A Settlement Date

DEFINITION
SETT Settlement Date The date of the settlement or delivery of the piece of collateral claimed.

FORMAT
Option R 16c
PRESENCE
Mandatory in a conditional (C4) subsequence
DEFINITION
CODES
SCOL Securities Collateral Details

FORMAT

PRESENCE
DEFINITION
This field identifies the financial instrument claimed.

present (Error code(s): T17)
USAGE RULES
It is strongly recommended that an ISIN be used.
33. Field 36B: Quantity of Financial Instrument: Quantity of Securities Collateral

FORMAT
PRESENCE
QUALIFIER
1 M COLL N B Quantity of Securities Collateral
DEFINITION
COLL Quantity of Securities The quantity of securities collateral claimed.

Collateral

CODES
FAMT Face Amount The quantity is expressed as a face amount of the principal of a debt instru-
ment.
UNIT Unit The quantity is expressed as a number (count), eg, a number of shares.
34. Field 17B: Flag: Ownership Flag

FORMAT
PRESENCE
QUALIFIER
1 O OWNF N B Ownership Flag
DEFINITION
OWNF Ownership Flag This field indicates whether the collateral giver owns the claimed collateral
or not.
CODES
Flag must contain one of the following codes:(Error code(s): T36):
N No The collateral giver doesn’t own the claimed collateral.

Y Yes The collateral giver owns the claimed collateral.
USAGE RULES
The bilateral agreement should include whether the ownership flag is part of the eligibility criteria. If it is part of the eligi-
bility criteria, the ownership flag should be present, otherwise it is not needed.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CCOL Cash Collateral Details

37. Field 19B: Amount: Deposit Amount

FORMAT
PRESENCE
QUALIFIER
1 M DEPO N B Deposit Amount
DEFINITION
DEPO Deposit Amount The cash amount to be deposited.
38. Field 22H: Indicator: Type of Deposit Indicator

FORMAT
PRESENCE
QUALIFIER

1 M DEPO N H Type of Deposit Indicator
DEFINITION
DEPO Type of Deposit Indi- Whether the deposit is fixed term or call/notice.
cator
CODES
Indicator must contain one of the following codes (Error code(s): T05):
CLNT Call/Notice Call/notice deposit.
FIXT Fixed Term Fixed term deposit.
39. Field 98A: Date: Maturity Date

FORMAT
PRESENCE
Conditional (C5)
QUALIFIER
DEFINITION
MATU Maturity Date Maturity Date of the fixed term deposit.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
BCOL Other Collateral Details

42. Field 22H: Indicator: Type of Other Collateral Indicator

FORMAT
PRESENCE
QUALIFIER
1 M BCOL N H Type of Other Collateral Indicator
DEFINITION
BCOL Type of Other Collat- Whether the other collateral is a bank guarantee or a documentary credit.
eral Indicator
CODES
Indicator must contain one of the following codes:
GCOL Bank Guarantee The collateral is a bank guarantee.
LCOL Documentary Credit The collateral is a documentary credit.

FORMAT

PRESENCE

QUALIFIER
1 M ISSU N A Issue Date
2 O EXPI N C6 A or B Expiry Date
DEFINITION
ISSU Issue Date The issue date of the bank guarantee or documentary credit.
EXPI Expiry Date The expiry date of the bank guarantee or documentary credit.
CODES
In option B, if Data Source Scheme is not present, Date Code must contain the following code:
OPEN Open-dated There is no expiry date.
44. Field 95a: Party: Issuer

FORMAT

PRESENCE
QUALIFIER
1 M ISSU N P, Q or R Issuer

DEFINITION
ISSU Issuer The issuer of the bank guarantee or documentary credit.

FORMAT
PRESENCE
QUALIFIER
1 M GUAR N B Guarantee Amount
or LOCR N B Letter of Credit Amount
DEFINITION
GUAR Guarantee Amount The amount of the bank guarantee or documentary credit.
LOCR Letter of Credit The amount of the documentary credit.

Amount

Currency Code must be a valid ISO 4217 currency code (Error code(s): T52)

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

MT 504 Collateral Proposal

MT 504 Scope
This message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager to:
propose new collateral at the initiation of an exposure

propose additional collateral at variation of exposure
This message may or may not be sent as an answer to a collateral claim.
This message is also used by the giver to request the cancellation of a previously sent collateral proposal.
This message must not be used to initiate a substitution.


The collateral proposal consists of five sequences.
of the underlying agreement(s), the identification of the parties, the reason for which collateral is needed (the exposure
type), the identification of the collateral action and the contact information.
total exposure amount, the total collateral amount held by the taker, the value of collateral to be added to or to be returned
from the collateral held. The sequence contains an optional subsequence with the amounts taken into account to calculate
the collateral position. These amounts are required for certain types of exposures. This subsequence also contains the valua-
tion dates and the requested settlement date of the collateral.
Sequence C specifies the details of the proposed collateral. The collateral can be securities, cash or other collateral. Other
collateral indicates trade instruments, ie, documentary credits and bank guarantees. This sequence may also contain the
settlement details for a piece of security or cash collateral. If the settlement details for all pieces of proposed securities
collateral are the same, these details are not present in this sequence, but included once in sequence D. If the settlement
details for all pieces of proposed cash collateral are the same, these details are not present in this sequence, but included
once in sequence E.
Sequence D contains the common securities settlement details, ie, the settlement details of the proposed securities when
they are not included in sequence C at the level of the individual piece of collateral.
Sequence E contains the common cash settlement details, ie, the settlement details of the proposed cash when they are not
included in sequence C at the level of the individual piece of collateral.

MT 504 Collateral Proposal
Name
----->
-----|
----->Repetitive Mandatory Subsequence A1 Agreement

Number
----->
-----|
----->
-----|
----->Repetitive Optional Subsequence A2 Linkages

Name

tion

M 95a EXPP Party Exposed Party P, Q or R 20
----->
-----|
----->
-----|
----->
-----|

----->Repetitive Mandatory Sequence C Collateral Details

Name
----->
-----|
O 98A SETT Date Settlement Date :4!c//8!n 30
Optional Subsequence C1 Securities Collateral Details
M 35B Identification of Financial [ISIN1!e12!c] 32

Instrument [4*35x]

Optional Subsequence C1a Settlement Details
----->
-----|
----->
Repetitive Optional Subsequence C1a1 Settlement Parties
----->
-----|
-----| End of Subsequence C1a1 Settlement Parties

Name
End of Subsequence C1a Settlement Details
End of Subsequence C1 Securities Collateral Details

Optional Subsequence C2 Cash Collateral Details
Optional Subsequence C2a Cash Settlement Details
M 16R Start of Block CASHSET 48
O 22F STCO Indicator Settlement Transaction :4!c/[8c]/4!c 49

Condition
----->
Repetitive Optional Subsequence C2a1 Cash Parties
----->
-----|
----->
-----|
-----| End of Subsequence C2a1 Cash Parties
M 16S End of Block CASHSET 55
End of Subsequence C2a Cash Settlement Details

Name
End of Subsequence C2 Cash Collateral Details

Optional Subsequence C3 Other Collateral Details

Indicator
----->
-----|
End of Subsequence C3 Other Collateral Details
-----| End of Sequence C Collateral Details

Optional Sequence D Settlement Details
M 16R Start of Block SETDET1 64
----->
-----|
----->Repetitive Optional Subsequence D1 Settlement Parties
M 16R Start of Block SETPRTY1 66
----->
-----|

Name
M 16S End of Block SETPRTY1 70
-----| End of Subsequence D1 Settlement Parties
M 16S End of Block SETDET1 71
End of Sequence D Settlement Details

Optional Sequence E Cash Settlement Details
M 16R Start of Block CASHSET1 72

Condition
----->Repetitive Optional Subsequence E1 Cash Parties
M 16R Start of Block CSHPRTY1 74
----->
-----|
----->
-----|
M 16S End of Block CSHPRTY1 78
-----| End of Subsequence E1 Cash Parties
M 16S End of Block CASHSET1 79
End of Sequence E Cash Settlement Details

C1

Sequence A
subfield 1 is... of subsequence A2
field :20C::PREV//16x is...
CANC Mandatory, ie, minimum one Mandatory (note: it does not have
occurrence of A2 to be present in all occurrences of
A2)
C2
if field :20C::SCTR is... then field :20C::RCTR is ...
Present Optional
C3
if field :19B::TEXA is... then field :19B::TCRL is...
Present Optional
C4
In each occurrence of sequence C, the presence of subsequences C1, C2 and C3 depends on the value of field
:22H::COLL//<Indicator> as follows (Error code(s): E83):
if field then subsequence and subsequence C2 and subsequence C3 is...
:22H::COLL//4!c is... C1 is... is...

if field then subsequence and subsequence C2 and subsequence C3 is...
:22H::COLL//4!c is... C1 is... is...
C5
In each occurrence of subsequence C2, the presence of field :98A::MATU depends on the value of field
:22H::DEPO//<Indicator> as follows (Error code(s): E85):

if field :22H::DEPO//4!c is... then field :98A::MATU is...
FIXT Mandatory
CLNT Not allowed
C6
In each occurrence of subsequence C3, if field :22H::BCOL//LCOL is present, then field :98B::EXPI//OPEN (ie, Qual-

if field :22H::BCOL//LCOL is... then field :98B::EXPI//OPEN is...
Present Not allowed
C7
Sequence D is mandatory when in any occurrence of sequence C the subsequence C1 is present and the subsequence
C1a is not present (Error code(s): C97).
In sequence(s) C then sequence D is ...
If in one (or more) occurrence(s) of sequence C: Mandatory

subsequence C1 is present and an internal subse-
quence C1a is not present
C8
Sequence D is not allowed when for all occurrences of sequence C either the subsequence C1 is not present, or C1a is
present in all occurrences of C1 (Error code(s): D49).

If sequence D is ... then in sequence(s) C
Present In one (or more) occurrence(s) of sequence C:

subsequence C1 must be present and an internal
subsequence C1a must not be present
C9
Sequence E is mandatory when in any occurrence of sequence C the subsequence C2 is present and the subsequence
C2a is not present (Error code(s): C99).
In sequence(s) C then sequence E is ...
If in one (or more) occurrence(s) of sequence Mandatory

C:subsequence C2 is present and an internal subse-
quence C2a is not present
C10
Sequence E is not allowed when for all occurrences of sequence C either the subsequence C2 is not present, or C2a is
present in all occurrences of C2 (Error code(s): D50).
If sequence E is... then in sequence(s) C
Present In one (or more) occurrence(s) of sequence

C:subsequence C2 must be present and an internal
subsequence C2a must not be present
C11
In each occurrence of sequence C, for subsequences C1a1 and C2a1, the following party fields cannot appear more
than once (Error code(s): E84).
Subsequence C1a1 Subsequence C2a1
:95a::BUYR :95a::ACCW
:95a::DEAG :95a::BENM
:95a::DECU :95a::PAYE
:95a::DEI1
:95a::DEI2
:95a::DEI3
:95a::DEI4

Subsequence C1a1 Subsequence C2a1
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
In sequences D and E, for subsequences D1 and E1, the following party fields cannot appear more than once (Error
code(s): E84):
Subsequence D1 Subsequence E1
:95a::DEAG 95a::BENM
:95a::DEI1
:95a::DEI2

Subsequence D1 Subsequence E1
:95a::DEI3
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C12
It is mandatory to specify a Delivering Agent for the Securities Settlement Parties (subsequences C1a1 and D1):
In each occurrence of sequence C, if subsequence C1a1 Securities Settlement Parties is present, then field :95a::DEAG
must be present in one and only one occurrence of subsequence C1a1 (Error code(s): E91) within the same occurrence
of sequence C.
In sequence D (if present), if subsequence D1 Securities Settlement Parties is present, then field :95a::DEAG must be
present in one and only one occurrence of subsequence D1 (Error code(s): E91)

Note: See also Network Validated Rule C11 (Error code(s): E84).
C13
In each occurrence of sequence C, if a qualifier from the list Deliverers is present in one occurrence of subsequence
C1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below)
must be present in other subsequences C1a1 of the same occurrence of sequence C (Error code(s): E86).
In other words, in each occurrence of sequence C, the following scenarios must be validated:
If :95a::DEI9 is present in subsequence C1a1, then :95a::DEI8 must be present in another subsequence C1a1.
If :95a::DEI1 is present in subsequence C1a1, then :95a::DECU must be present in another subsequence C1a1.
If :95a::DECU is present in subsequence C1a1, then :95a::SELL must be present in another subsequence C1a1.
In each occurrence of sequence C, if a qualifier from the list Receivers is present in one occurrence of subsequence
C1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must
be present in other subsequences C1a1 of the same occurrence of sequence C (Error code(s): E86).
In other words, in each occurrence of sequence C, the following scenarios must be validated:
If :95a::REI9 is present in subsequence C1a1, then :95a::REI8 must be present in another subsequence C1a1.
If :95a::REI1 is present in subsequence C1a1, then :95a::RECU must be present in another subsequence C1a1.
If :95a::RECU is present in subsequence C1a1, then :95a::BUYR must be present in another subsequence C1a1.

In sequence D, if a qualifier from the list Deliverers is present in one occurrence of subsequence D1 in a field :95a::4!c,
then all the remaining qualifiers following this qualifier in the list Deliverers (see below) must be present in other
subsequences D1 (Error code(s): E86).
If :95a::DEI9 is present in subsequence D1, then :95a::DEI8 must be present in another subsequence D1.
If :95a::DEI1 is present in subsequence D1, then :95a::DECU must be present in another subsequence D1.
If :95a::DECU is present in subsequence D1, then :95a::SELL must be present in another subsequence D1.
In sequence D, if a qualifier from the list Receivers is present in one occurrence of subsequence D1 in a field :95a::4!c,
then all the remaining qualifiers following this qualifier in the list Receivers (see below) must be present in other
subsequences D1 (Error code(s): E86).
In other words, in sequence D, the following scenarios must be validated:
If :95a::REI9 is present in subsequence D1, then :95a::REI8 must be present in another subsequence D1.
If :95a::REI1 is present in subsequence D1, then :95a::RECU must be present in another subsequence D1.
If :95a::RECU is present in subsequence D1, then :95a::BUYR must be present in another subsequence D1.

C14
In each occurrence of subsequence C1a, the presence of subsequence C1a1 depends on the presence of field
:22F::STCO//NSSP as follows (Error code(s): E48):
In each occurrence of subsequence C1a In the same occurrence of subsequence C1a

if field :22F::STCO//NSSP is...(*) then subsequence C1a1 is...
Present Mandatory
(*) if the Data Source Scheme is present in field :22F::STCO//NSSP then the conditional rule does not apply.
C15
In each occurrence of subsequence C2a, the presence of subsequence C2a1 depends on the presence of field
In each occurrence of subsequence C2a In the same occurrence of subsequence C2a

if field :22F::STCO//NSSP is...(*) then subsequence C2a1 is...
Present Mandatory
C16
In sequence D, the presence of the subsequence D1 depends on presence of field :22F::STCO//NSSP as follows (Error
code(s): E50):
Sequence D then subsequence D1 is...

if field :22F::STCO//NSSP is ...(*)

Sequence D then subsequence D1 is...

Present Mandatory
C17
In sequence E, the presence of the subsequence E1 depends on presence of field :22F::STCO//NSSP as follows (Error
code(s): E51):
Sequence E then subsequence E1 is...

if field :22F::STCO//NSSP is... (*)
Present Mandatory
C18

if field :22F::AGRE is then field :70C::AGRE is ...
Present Optional
C19
C20
C21
In each occurrence of sequence C, if field :95C::PSET is present in one occurrence of subsequence C1a1, then field
:22F::STCO/[8c]/PHYS is mandatory in subsequence C1a (Error code(s): E54).

Subsequence C1a1 Then in sequence C1a

if field :95C::PSET is... field :22F::STCO/[8c]/PHYS is...
Present Mandatory
C22
In sequence D, if field :95C::PSET is present in one occurrence of subsequence D1, then field :22F::STCO/[8c]/PHYS
is mandatory in sequence D (Error code(s): E55).
Subsequence D1 Then in sequence D

Present Mandatory
MT 504 Usage Rules

MT 504 Guidelines
When the total exposure covers several exposures in different currencies, the currency of sequence B is usually the reporting
currency. When the total exposure covers one or more exposures in the same currency, either this currency or the reporting
currency is used in sequence B.
block 4). These codes may be used for routing purposes.
The collateral management process is initiated every time a new exposure is created, ie, when a new trade relationship is
established. Also, membership of a clearing system usually requires the posting of collateral before clearing can start. This
provides a guarantee that the member will honour its obligations.
The type of institutions involved in collateral management and who can send and/or receive collateral messages are:
clearing, netting, RTGS systems

central banks
institutional investors
fund managers
custodians
local authorities
corporates
banks
third party service providers
exchanges

Collateral can be proposed for the following reasons or products:
payments/settlements
credit lines
FX and derivatives trading
repo trading
securities lending and borrowing
cross-product, ie, combining collateral needs issued from different types of trades
The types of collateral that can be proposed included in this message are:
securities
cash
letters of credit and bank guarantees (only for bilateral collateral management)
A collateral proposal can be sent:
At initiation time, when the initiative is taken by the giver, a collateral proposal is sent to the taker containing the
details of the proposed collateral together with the exposure amount and the value of collateral required.
When the initiative is taken by the taker, the giver may answer to his claim with a collateral proposal.
values.
The taker will send a claim for additional collateral to be posted by the giver when his exposure vis-à-vis the giver
increases, either because of additional exposure, increase of value of the existing exposure, decrease of value of the
posted, or several of these occur.
The giver may answer to his claim with a collateral proposal.
ISDA Definitions

the aggregate of all Independent Amounts applicable to the Secured Party, if any, minus
Independent Amount
Party.


than zero.
Basic Amount
Thresholds

ments)
Basic Amount 0


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory

QUALIFIER
DEFINITION
SCTR Sender’s Collateral Unique reference identifying the collateral management transaction from the
Transaction Refer- Sender’s point of view.
ence
RCTR Receiver’s Collateral Unique reference identifying the collateral management transaction from the
Transaction Refer- Receiver’s point of view.
ence
USAGE RULES
basis.

FORMAT
PRESENCE
Mandatory

DEFINITION
CODES
CANC Cancellation Request This is a request to cancel a previously sent collateral proposal.
NEWM New This is a new collateral proposal.
CODES
Subfunction, when present, must contain one of the following codes: :
CODU Copy Duplicate This proposal is being sent as a copy to a party other than the original
Receiver, for information purposes. It is a duplicate of a proposal previously
sent.
COPY Copy The message is being sent as a copy to a party other than the original
Receiver, for information purposes.
DUPL Duplicate The message is for information purposes. It is a duplicate of a proposal

previously sent.
USAGE RULES
To cancel a previously sent proposal, Function is CANC. The reference in the previous reference field must contain the
4. Field 16R:Start of Block

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION

CODES
AGRE Agreement
USAGE RULES
More than one occurrence of the agreement is only authorised for cross-product collateralisation and when no overall master
agreement is in place yet.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
AGRE Agreement Indicator The underlying master agreement.
CODES
DERV German Rahmenver- The German Rahmenvertrag Agreement.

trag Agreement

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION

Number
USAGE RULES
For ISDA agreements (:22F::AGRE//ISDA), Data Source Scheme should not be used and Number should be a year in
the YYYY format.

FORMAT
PRESENCE
Conditional (C18)
QUALIFIER
DEFINITION
AGRE Agreement Narrative Narrative description of the agreement.


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

Date/Time


FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M COAL N H Collateral Action Type Indicator
DEFINITION
COAL Collateral Action The operation type within the collateral management life cycle.
Type Indicator
cator
CODES
If qualifier is COAL, Indicator must contain one of the following codes (Error code(s): T01):
INIT Initiation First call for collateral.
VARI Variation Addition of collateral.

CODES
If qualifier is COLA, Indicator must contain one of the following codes (Error code(s): T03):

Derivatives

ment

Back

Product
SLEB Securities Lending and Securities lending and borrowing.

Borrowing

Product
USAGE RULES
For qualifier COAL:
Indicator INIT is normally not used for Repo trading as the initiation of a Repo is done using the relevant Securities Trade
Confirmation messages, unless it is practice for the front office traders to agree on the Repo cash amount and the collateral
requirements are to be sorted out by the back-office.


FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
PTYA Party A The party proposing the collateral, ie, the giver.
PTYB Party B The counterparty of party A, ie, the taker.
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narra- Narrative description of the contact unit or person with party A responsible
tive for the transaction.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
RELA Related Reference Reference of the linked message (response, proposal, substitution or state-
ment message) which was previously received.

PREV Previous Reference Reference of the linked message which was previously sent (claim,
response, proposal, substitution or statement message).

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
SUMM Summary

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M EXPP N P, Q or R Exposed Party
DEFINITION
EXPP Exposed Party The party which is exposed to its counterparty, ie, the taker or party B.


FORMAT
PRESENCE
Mandatory
QUALIFIER
2 M CCAL N B Collateral Call Amount
DEFINITION
COVA Value of Collateral Total value of the collateral (post-haircut) held by the exposed party prior to
Held the collateral proposal.
CCAL Collateral Call The amount of new or additional collateral proposed.

Amount

Amount

Amount
PTYB Party B’s Exposure Exposure from party A’s counterparty’s viewpoint (needed for certain types
Amount of agreements).

USAGE RULES
For qualifier COVA:

-the value of the collateral held is usually zero at initiation
:22H::COAL//INIT

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
THRU Unsecured Threshold The amount for which the exposed party doesn’t have to post collateral. The
Amount difference between the total exposure amount and this amount needs to be
collateralised.
PRHA Pre-haircut Collateral The total value of posted collateral (pre-haircut) prior to the proposal.
Value

Amount

Amount
Amount
Amount held.
Amount up.

USAGE RULES
See also the ISDA definitions in the Usage Rules section, for a more detailed explanation of the amount fields and exam-
ples.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O VALE N A or C Date/Time of Valuation of the Exposure
2 O VALC N A or C Date/Time of Valuation of the Collateral
3 O RSET N A Requested Settlement Date of the Collateral
DEFINITION
VALE Date/Time of Valua- The date/time at which the exposure was valued.
tion of the Exposure
VALC Date/Time of Valua- The date/time at which the collateral was valued.
tion of the Collateral
RSET Requested Settlement The requested settlement date of the proposed collateral.
Date of the Collateral


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
SUMM Summary


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
COLR Collateral Reference Reference assigned by the giver to unambiguously identify the piece of
collateral.

USAGE RULES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
COLL Collateral Type Indi- Indicates the type of collateral.

cator
TYCO Type of Collateralisa- The legal status of the collateral (needed in certain markets).
tion Indicator
CODES
When qualifier is COLL, Indicator must contain one of the following codes (Error code(s): T04):

CODES
BPLG Basis Pledge Basis pledge.
LOAN Loan for consumption Loan for consumption.
OTHR Other Type of collateralisation different from the ones stated above.
SPLG Security Interest Security Interest (single pledge).

(Single Pledge)
30. Field 98A: Date: Settlement/Delivery Date

FORMAT
PRESENCE
Optional
QUALIFIER
1 O SETT N A Settlement Date
DEFINITION
SETT Settlement Date The date of the settlement or delivery of the proposed piece of collateral.


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
DEFINITION
This field identifies the financial instrument proposed.
USAGE RULES


FORMAT
PRESENCE
QUALIFIER
DEFINITION
COLL Quantity of Securities The quantity of securities collateral proposed.

Collateral
CODES
ment.

maximum length (Error code(s): T40, T43)

FORMAT
PRESENCE
Optional in a conditional (C4) subsequence
QUALIFIER
DEFINITION
OWNF Ownership Flag This field indicates whether the collateral giver owns the proposed collateral
or not.
CODES
N No The collateral giver doesn’t own the proposed collateral.
Y Yes The collateral giver owns the proposed collateral.
USAGE RULES

FORMAT
Option R 16c
PRESENCE
Mandatory in an optional subsequence
DEFINITION
CODES
SETDET Settlement Details

FORMAT

PRESENCE
QUALIFIER
1 M SCOL N H Collateral Settlement Type Indicator
4 O STAM N F Stamp Duty Override Indicator
5 O RTGS N F Real-Time Gross Settlement Override Indicator
8 O CASY N F Cash Settlement System Indicator

DEFINITION
SCOL Collateral Settlement Type The type of settlement of the collateral.

Indicator
STCO Settlement Transaction Conditions under which the collateral is to be settled.

Condition
TRCA Party Capacity Indicator Party which has a specific role in the settlement of the transaction.
STAM Stamp Duty Override Indica- Indicates whether the transaction is exempt from stamp duty.
tor
RTGS Real-Time Gross Settlement Indicates whether the transaction settles through an RTGS or a non RTGS
Override Indicator system for securities.
REGT Registration Override Indi- Indicates whether the standing arrangement for registration is overridden or
cator not.
BENE Beneficial Ownership Over- Indicates whether the standing arrangement for the beneficial ownership is
ride Indicator overridden or not.
CASY Cash Settlement System Indicates the Cash Settlement System.

Indicator
CODES
If Qualifier is SCOL, Indicator must contain one of the following codes:
DVDS Delivery Against Delivery Delivery against delivery.
DVPT Delivery Against Payment Delivery against payment.
FOPT Delivery Free of Payment Delivery free of payment.
CODES
If Qualifier is STCO and Data Source Scheme is not present, Indicator must contain one of the following codes:
EXER Exercised For derivatives, an option or future which is exercised.
FRCL Free Clean Payment The delivery will be made free of payment but a clean payment order will be
sent.
KNOC Knocked out For derivatives an option or future which is knocked out (expired worthless).
NPAR No Partial Settlement Partial settlement is not allowed.

Allowed

NSSP Standing Settlement Parties The standing settlement parties have to be overridden.
Override
PART Partial Settlement Partial settlement is allowed.
PHYS Physical Settlement The securities are to be physically settled.
SHOR Short Sale Indicator Short sale indicator.
SPCS Split Currency Settlement Settlement is in two different currencies.
SPDL Special Delivery Trade to be settled with special delivery.
SPST Split Settlement When cash and securities settle in different locations.
UNEX Unexposed Delivery cannot be effected until cash is received.
CODES
When Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes:
CUST Settling as a Custodian.
SAGE Settling as an Agent.
SPRI Settling as a Principal.
CODES
When Qualifier is STAM and Data Source Scheme is not present, Indicator must contain one of the following codes:
NSTA For this settlement the transaction is exempt from stamp duty, when normally stamp duty is applica-
ble.
CODES
required to override the standing instruction, ie, settle through the non-RTGS system.
required to override the standing instruction, ie, settle through the RTGS system.

CODES
YREG Although the standing instruction is to hold the securities in street name on receipt, it is for this
settlement required to override the standing instruction, ie, to register the securities.
CODES
required to override the standing instruction, ie, not to change the beneficial ownership.
required to override the standing instruction, ie, to change the beneficial ownership.
CODES
ABEC EBA EURO Clearing (EBA)
ARTI ARTIS (AT)
AUCL Payment Delivery System/RITF-RTGS (AU)
AVPS AVP (NZ)
BELS ELLIPS (BE)
BOFI BOF (FI)
BOJS Bank of Japan System
BRLI BIREL (IT)
CHEC Cheque
DELS EUROLINK SYSTEM (DE)
DKCS DEBES (DK)
EAFD EAF - EURO ACCESS FRANKFURT (DE)
EBAC EBA EURO Clearing (Members)

EPMS EPM - ECB Payment Mechanism
GBSC UK Domestic Sort Code
HERM HERMES EURO (GR)
HSVP HSVP (HR)
IRIS IRIS (IE)
LIPS LIPS GROSS (LU)
LVTS LVTS (CA)
NICS NICS (NO)
PCHS Payment System Switzerland (CH)
PEGE Payment System in Egypt (EG)
PNSF PNS (FR)
PVEV PVE (VE)
RIXS RIX (SE)
SAMO SAMOS (ZA)
SEPI SEPI (ES)
SITS SIT (SI)
SLBE SLBE (ES)
SPGT SPGT (PT)
TARG TARGET
TBFF TBF - Transferts Banque De France (FR)
TOPN TOP (NL)
USCH CHIPS (US)
USFW Fedwire (US)
VIBE VIBER (HU)
ZENG Zengin


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SETPRTY Settlement Parties

FORMAT

PRESENCE
QUALIFIER
1 M BUYR N C11, C13 P, Q, R Buyer
or DEAG N C11, C12 P, Q, R Delivering Agent
or DECU N C11, C13 P, Q, R Deliverer’s Custodian
or DEI1 N C11, C13 P, Q, R Deliverer’s Intermediary 1

or DE17 N C11, C13 P, Q, R Deliverer’s Intermediary 7
or DE18 N C11, C13 P, Q, R Deliverer’s Intermediary 8
or DE19 N C11 P, Q, R Deliverer’s Intermediary 9
or PSET N C11 C, P, Q, R Place of Settlement
or REAG N C11 P, Q, R Receiving Agent
or RECU N C11, C13 P, Q, R Receiver’s Custodian
or REI1 N C11, C13 P, Q, R Receiver’s Intermediary 1
or REI9 N C11 P, Q, R Receiver’s Intermediary 9
or SELL N C11, C13 P, Q, R Seller
2 O ALTE N S Alternate Identification
DEFINITION
BUYR Buyer

DEAG Delivering Agent.
DECU Deliverer’s Custodian.
DEI1 Deliverer’s Intermediary 1.
PSET Place of Settlement.
REAG Receiving Agent.
RECU Receiver’s Custodian.
REI1 Receiver’s Intermediary 1.
SELL Seller.
ALTE Alternate Identification

CODES
In option S, if Data Source Scheme is not present, Type of ID must contain one of the following codes:
ARNU Alien Registration Alien registration number.

Number
CCPT Passport Number Passport number.
CORP Corporate Identifica- Name of the corporate, followed by a slash, ’/’, followed by the number of
tion the customer in a corporation.
DRLC Driver’s License State of issue, followed by a slash, ’/’, followed by the driver’s license
Number number.
TXID Tax Identification Tax identification number.

Number
Country Code must contain a valid ISO country code (Error code(s): T73).
USAGE RULES

FORMAT

(Account Number)
PRESENCE
Optional

QUALIFIER
DEFINITION
SAFE Safekeeping Account Safekeeping account owned by the party specified in this sequence.
Account Type Code specifies the type of account needed to fully identify the account.
CODES
In option B, if Data Source Scheme is not present, Account Type Code must contain one of the following codes:
ABRD Abroad The financial instruments are held in an account abroad.
CEND Centralised The financial instruments are centralised in one location.
DVPA Cash/DVP Account is used for settlement on delivery or collect on delivery basis.
FUNG Fungible The securities in the account are fungible.
MARG Margin Account is used when financing is by the broker/dealer.
NFUN Non-fungible The securities in the account are not fungible.
PHYS Physical Account is used for physical domestic safekeeping.
SHOR Short Sale Account is used for short sale orders.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narra- Narrative description of the contact unit or person responsible for the trans-
tive action at the party defined within the party block.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE

DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER
DEFINITION

FORMAT
PRESENCE
QUALIFIER
DEFINITION
DEPO Type of Deposit Indi- Whether the deposit is fixed term or call/notice.
cator
CODES

FORMAT
PRESENCE
Conditional (C5)
QUALIFIER

DEFINITION
MATU Maturity Date Maturity date of the fixed term deposit.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CASHSET Cash Settlement Details
49. Field 22F: Indicator: Settlement Transaction Condition

FORMAT
PRESENCE
Optional in an optional subsequence

QUALIFIER
1 O STCO N F Settlement Transaction Condition
DEFINITION
STCO Settlement Transaction Condi- Conditions under which the collateral is to be settled.
tion
CODES
If Data Source Scheme is not present, Indicator must contain the following code:
Override

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CSHPRTY Cash Parties


FORMAT

PRESENCE
QUALIFIER
1 M ACCW N C11 P, Q or R Account With Institution
or BENM N C11 P, Q or R Beneficiary of Money
or PAYE N C11 P, Q or R Paying Institution
DEFINITION
ACCW Account With Institu- Identifies the institution to which the payment is to be made in favour of the
tion beneficiary of money, if different from the Receiver. This may be a branch or
affiliate of the Receiver, or of the intermediary, or of the beneficiary institution,
or an entirely different financial institution.
BENM Beneficiary of Identifies the party to be credited with the payment, when payment is to be made
Money to an institution different from the Receiver and identified as account with insti-
tution.
PAYE Paying Institution Specifies the party from whose account the payment needs to be done.
tion

CODES

Number
Number number.

Number
If Qualifier is ACCW or PAYE, the BIC must not be a BEI, ie, must not be of subtype BEID, MCCO, TESP or TRCO
(Error code(s): C05).

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CASH Cash Account Account from/to which a payment is to be made and which is held by the
party specified in this sequence.
CHAR Charges Account Account to be used for charges if different from the account for payment
and which is held by the party specified in this sequence.
COMM Commission Account Account to be used for commission if different from the account for
payment and which is held by the party specified in this sequence.
TAXE Tax Account Account to be used for taxes if different from the account for payment and
which is held by the party specified in this sequence.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE

QUALIFIER
DEFINITION
BCOL Type of Other Collat- Whether the other collateral is a bank guarantee or a documentary credit.
eral Indicator
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
DEFINITION


FORMAT
PRESENCE
QUALIFIER
DEFINITION
GUAR Guarantee Amount The amount of the bank guarantee.

Amount

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
Mandatory in a conditional (C7, C8) sequence
DEFINITION
CODES
SETDET1 Settlement Details

FORMAT

PRESENCE
QUALIFIER

DEFINITION

Indicator

Condition
STAM Stamp Duty Override Indica- Indicates whether the transaction is exempt from stamp duty.
tor
RTGS Real-Time Gross Settlement Indicates whether the transaction settles through an RTGS or a non RTGS
Override Indicator system for securities.
REGT Registration Override Indi- Indicates whether the standing arrangement for registration is overridden
cator or not.
BENE Beneficial Ownership Over- Indicates whether the standing arrangement for the beneficial ownership
ride Indicator is overridden or not.

Indicator
CODES
CODES
FRCL Free Clean Payment The delivery will be made free of payment but a clean payment order will
be sent.
KNOC Knocked out For derivatives an option or future which is knocked out (expired worth-
less).
NPAR No Partial Settlement Partial settlement is not allowed.

Allowed

Override
CODES
CODES
ble.
CODES

CODES
CODES
CODES
ARTI ARTIS (AT)
AVPS AVP (NZ)
BELS ELLIPS (BE)
BOFI BOF (FI)
BRLI BIREL (IT)
CHEC Cheque
DKCS DEBES (DK)

HSVP HSVP (HR)
IRIS IRIS (IE)
LVTS LVTS (CA)
NICS NICS (NO)
PNSF PNS (FR)
PVEV PVE (VE)
RIXS RIX (SE)
SAMO SAMOS (ZA)
SEPI SEPI (ES)
SITS SIT (SI)
SLBE SLBE (ES)
SPGT SPGT (PT)
TARG TARGET
TOPN TOP (NL)
USCH CHIPS (US)
USFW Fedwire (US)
VIBE VIBER (HU)
ZENG Zengin


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SETPRTY1 Settlement Parties

FORMAT

PRESENCE
Mandatory in a conditional (C16) sequence
QUALIFIER
1 M BUYR N C11, C13 P, Q or R Buyer
or DEAG N C11, C12 P, Q or R Delivering Agent
or DECU N C11, C13 P, Q or R Deliverer’s Custodian
or DEI1 N C11, C13 P, Q or R Deliverer’s Intermediary 1

or DEI9 N C11 P, Q or R Deliverer’s Intermediary 9
or PSET N C11 C, P, Q or R Place of Settlement
or REAG N C11 P, Q or R Receiving Agent
or RECU N C11, C13 P, Q or R Receiver’s Custodian
or REI1 N C11, C13 P, Q or R Receiver’s Intermediary 1
or REI9 N C11 P, Q or R Receiver’s Intermediary 9
or SELL N C11, C13 P, Q or R Seller
DEFINITION
BUYR Buyer.

DEAG Delivering Agent.
DECU Deliverer’s Custodian.
PSET Place of Settlement.
REAG Receiving Agent.
RECU Receiver’s Custodian.
SELL Seller.
ALTE Alternate Identification.

CODES

Number
Number number.

Number
USAGE RULES

FORMAT

(Account Number)
PRESENCE
Optional

QUALIFIER
DEFINITION
SAFE Safekeeping Account Safekeeping account owned by the party specified in this sequence.
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
Mandatory in a conditional (C7, C8) subsequence
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CASHSET1 Cash Settlement Details

FORMAT
PRESENCE
Optional in a conditional (C9, C10) subsequence

QUALIFIER
DEFINITION

Condition
CODES
Override

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
CSHPRTY1 Cash Parties


FORMAT

PRESENCE
QUALIFIER
DEFINITION
ACCW Account With Institu- Identifies the institution to which the payment is to be made in favour of the
tion beneficiary of money, if different from the Receiver. This may be a branch
or affiliate of the Receiver, or of the intermediary, or of the beneficiary insti-
tution, or an entirely different financial institution.
BENM Beneficiary of Money Identifies the party to be credited with the payment, when payment is to be
made to an institution different from the Receiver and identified as account
with institution.
tion

CODES

Number
Number number.

Number
If Qualifier is ACCW or PAYE, the BIC must not be a BEI, ie must not be of subtype BEID, MCCO, TESP or TRCO (Error
code(s): C05).

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CASH Cash Account Account from/to which a payment is to be made and which is held by the
CHAR Charges Account Account to be used for charges if different from the account for payment
and which is held by the party specified in this sequence.
COMM Commission Account Account to be used for commission if different from the account for
payment and which is held by the party specified in this sequence.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory in a conditional (C9,C10) sequence
DEFINITION
CODES

MT 505 Collateral Substitution

MT 505 Scope
This message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager to
propose the substitution of collateral held.
This message is also sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager to
request the substitution of collateral held.
This message is also used by the giver or taker to request the cancellation of a previously sent collateral substitution.


The substitution consists of four sequences.
of the underlying agreement(s), the identification of the parties, the reason for which collateral is needed, the exposure type
and the contact information.
Sequence B specifies the details of both the collateral to be substituted and the new collateral. The collateral can be securi-
ties, cash or other collateral. The other collateral indicates trade instruments, ie, documentary credits and bank guarantees.
This sequence may also contain the settlement details for a piece of security or cash collateral. If the settlement details for
all pieces of securities collateral are the same, these details are not present in this sequence, but included once in sequence
C. If the settlement details for all pieces of cash collateral are the same, these details are not present in this sequence, but
included once in sequence D.
Sequence C contains the common securities settlement details, ie the settlement details of the proposed securities when they
are not included in sequence B at the level of the individual piece of collateral.
Sequence D contains the common cash settlement details, ie the settlement details of the proposed cash when they are not
included in sequence B at the level of the individual piece of collateral.
MT 505 Collateral Substitution
Name

Name
----->
-----|
-----> Repetitive Mandatory Subsequence A1 Agreement

Number
M 22H COLA Indicator Exposure Type Indicator :4!c//4!c 11
----->
-----|
-----> Repetitive Optional Subsequence A2 Linkages

tion

Name
-----> Repetitive Mandatory Sequence B Collateral Details
----->
-----|
O 98A SETT Date Settlement Date :4!c//8!n 22
Optional Subsequence B1 Securities Collateral Details


Optional Subsequence B1a Settlement Details
M 16R Start of block SETDET 27
----->
-----|
-----> Repetitive Optional Subsequence B1a1 Settlement Parties
----->
-----|

Name
-----| End of Subsequence B1a1 Settlement Parties
End of Subsequence B1a Settlement Details
End of Subsequence B1 Securities Collateral Details
Optional Subsequence B2 Cash Collateral Details
Optional Subsequence B2a Cash Settlement Details

Condition
-----> Repetitive Optional Subsequence B2a1 Cash Parties
----->
-----|
----->
-----|

Name
-----| End of Subsequence B2a1 Cash Parties
End of Subsequence B2a Cash Collateral Details
End of Subsequence B2 Cash Collateral Details
Optional Subsequence B3 Other Collateral Details

Indicator
----->
-----|
End of Subsequence B3 Other Collateral Details
-----| End of Sequence B Collateral Details
M 16R Start of Block SETDET1 56
----->
-----|
-----> Repetitive Optional Subsequence C1 Settlement Parties
M 16R Start of Block SETPRTY1 58

Name
----->
M 95a 4!c Party (see qualifier description) C, P, Q, R, or S 59
-----|
M 16S End of Block SETPRTY1 62
-----|End of Subsequence C1 Settlement Parties
M 16S End of Block SETDET1 63
Optional Sequence D Cash Settlement Details
M 16R Start of Block CASHSET1 64

Condition
-----> Repetitive Optional Subsequence D1 Cash Parties
M 16R Start of Block CSHPRTY1 66
----->
-----|
----->
-----|
M 16S End of Block CSHPRTY1 70
-----| End of Subsequence D1 Cash Parties
M 16S End of Block CASHSET1 71
End of Sequence D Cash Settlement Details

Name

C1
Sequence A
subfield 1 is ... of subsequence A2
field :20C::PREV//16x is ...

C2
if field :20C::SCTR is ... then field :20C::RCTR is ...
Present Optional
C3
In each occurrence of sequence B, the presence of subsequences B1, B2 and B3 depends on the value of field
:22H::COLL//<Indicator> as follows (Error code(s): E83).
In each occurrence of In the same occur- In the same occur- In the same occur-
sequence B rence of sequence B rence of sequence B rence of sequence B
if field then subsequence B1 and subsequence B2 is and subsequence B3 is
:22H::COLL//4!c is ... is ... ... ...

In each occurrence of In the same occur- In the same occur- In the same occur-
sequence B rence of sequence B rence of sequence B rence of sequence B
if field then subsequence B1 and subsequence B2 is and subsequence B3 is
:22H::COLL//4!c is ... is ... ... ...
C4
In each occurrence of subsequence B2, the presence of field :98A::MATU depends on the value of field
In each occurrence of subsequence B2 In the same occurrence of subsequence B2

if field :22H::DEPO//4!c is ... then field :98A::MATU is...
FIXT Mandatory
CLNT Not allowed
C5
In each occurrence of subsequence B3, if field :22H::BCOL//LCOL is present, then field :98B::EXPI//OPEN (ie, Qual-
In each occurrence of subsequence B3 In the same occurrence of subsequence B3

Present Not allowed
C6
Sequence C is mandatory when in any occurrence of sequence B the subsequence B1 is present and the subsequence
B1a is not present (Error code(s): C97).
In sequence(s) B then sequence C is ...
If in one (or more) occurrence(s) of sequence B: Mandatory

subsequence B1 is present and an internal subsequence B1a is not
present
C7

Sequence C is not allowed when for all occurrences of sequence B either the subsequence B1 is not present, or B1a is
present in all occurrences of B1(Error code(s): D49).
If sequence C is ... then in sequence(s) B
Present In one (or more) occurrence(s) of sequence B:

subsequence B1 must be present and an internal subsequence B1a must not be
present
C8
Sequence D is mandatory when in any occurrence of sequence B the subsequence B2 is present and the subsequence
B2a is not present (Error code(s): C99).
In sequence(s) B then sequence D is ...
If in one (or more) occurrence(s) of sequence B: Mandatory

subsequence B2 is present and an internal subsequence B2a is not
present
C9
Sequence D is not allowed when for all occurrences of sequence B either the subsequence B2 is not present, or B2a is
present in all occurrences of B2 (Error code(s): D50).
In sequence(s) D then sequence B is ...
Present In one (or more) occurrence(s) of sequence B:

subsequence B2 must be present and an internal subsequence B2a must
not be present
C10
In each occurrence of sequence B, for subsequences B1a1 and B2a1 the following party fields cannot appear more than
once (Error code(s): E84):
Subsequence B1a1 Subsequence B2a1
:95a::DEI1
:95a::DEI2
:95a::DEI3

Subsequence B1a1 Subsequence B2a1
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
In sequences C and D, for subsequences C1 and D1 the following party fields cannot appear more than once(Error
code(s): E84):
Subsequence C1 Subsequence D1
:95a::DEI1

Subsequence C1 Subsequence D1
:95a::DEI2
:95a::DEI3
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C11
In each occurrence of sequence B, if a qualifier from the list Deliverers is present in one occurrence of subsequence
B1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below)
must be present in other subsequences B1a1 of the same occurrence of sequence B. (Error code(s): E86).
In other words, in each occurrence of sequence B, the following scenarios must be validated:

If :95a::DEI9 is present in subsequence B1a1, then :95a::DEI8 must be present in another subsequence B1a1.
If :95a::DEI1 is present in subsequence B1a1, then :95a::DECU must be present in another subsequence B1a1.
If :95a::DECU is present in subsequence B1a1, then :95a::SELL must be present in another subsequence B1a1.
In each occurrence of sequence B, if a qualifier from the list Receivers is present in one occurrence of subsequence
B1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must
be present in other subsequences B1a1 of the same occurrence of sequence B (Error code(s): E86).
If :95a::REI9 is present in subsequence B1a1, then :95a::REI8 must be present in another subsequence B1a1.
If :95a::REI1 is present in subsequence B1a1, then :95a::RECU must be present in another subsequence B1a1.
If :95a::RECU is present in subsequence B1a1, then :95a::BUYR must be present in another subsequence B1a1.

In sequence C, if a qualifier from the list Deliverers is present in one occurrence of subsequence C1 in a field :95a::4!c,
then all the remaining qualifiers following this qualifier in the list Deliverers (see below) must be present in other
subsequences C1 (Error code(s): E86).
If :95a::DEI9 is present in subsequence C1, then :95a::DEI8 must be present in another subsequence C1.
If :95a::DEI1 is present in subsequence C1, then :95a::DECU must be present in another subsequence C1.
If :95a::DECU is present in subsequence C1, then :95a::SELL must be present in another subsequence C1.
In sequence C, if a qualifier from the list Receivers is present in one occurrence of subsequence C1 in a field :95a::4!c,
then all the remaining qualifiers following this qualifier in the list Receivers (see below) must be present in other
subsequences C1 (Error code(s): E86).
In other words, in each sequence C, the following scenarios must be validated:
If :95a::REI9 is present in subsequence C1, then :95a::REI8 must be present in another subsequence C1.
If :95a::REI1 is present in subsequence C1, then :95a::RECU must be present in another subsequence C1.
If :95a::RECU is present in subsequence C1, then :95a::BUYR must be present in another subsequence C1.

C12
In each occurrence of subsequence B1a, the presence of subsequence B1a1 depends on the presence of field
In each occurrence of subsequence B1a In the same occurrence of subsequence B1a

if field :22F::STCO//NSSP is ...(*) then subsequence B1a1 is ...
Present Mandatory
C13
In each occurrence of subsequence B2a, the presence of subsequence B2a1 depends on the presence of field

Present Mandatory
C14
In sequence C, the presence of the subsequence C1 depends on the presence of field :22F::STCO//NSSP as follows
(Error code(s): E50):
Sequence C then subsequence C1 is ...

Present Mandatory

C15
In sequence D, the presence of the subsequence D1 depends on presence of field :22F::STCO//NSSP as follows (Error
code(s): E51):
Sequence D then subsequence D1 is ...

Present Mandatory
C16
wise field :70C::AGRE is optional (Error code(s): E71)

Present Optional
C17
C18
In each occurrence of sequence B, if field :95C::PSET is present in one occurrence of subsequence B1a1, then field
:22F::STCO/[8c]/PHYS is mandatory in subsequence B1a (Error code(s): E54).
Subsequence B1a1 then in sequence B1a

Present Mandatory
C19
In sequence C, if field :95C::PSET is present in one occurrence of subsequence C1, then field :22F::STCO/[8c]/PHYS
is mandatory in sequence C (Error code(s): E55).

Subsequence C1 then in sequence C

Present Mandatory
MT 505 Usage Rules

The substitution of collateral can be done with one message: a substitution message contains both the collateral to be
taken out from the collateral held and the proposed new collateral.
The substitution can also be done in two steps: a first message is sent with only the details of the collateral to be pulled
out and a second message is sent afterwards with the proposed new collateral. This is done when the giver wants to
substitute collateral but doesn’t know what collateral he will use at the moment of sending the first message.
When the taker requests the substitution, he will usually send a message containing only the collateral to be pulled out.
The giver will then send a substitution message with the proposed new collateral.
The exchange of information related to the trade itself as well as to the settlement of the collateral is done with the
existing confirmation and settlement messages of the relevant categories (categories 2, 3, 5, 7, 9).
MT 505 Guidelines
block 4).
A collateral substitution can be sent:
by the taker to request the substitution of collateral held, the giver will then send a response confirming its agreement
or disagreement
by the giver to propose the substitution of collateral held, the taker will then send a response confirming its agreement
or disagreement.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION

CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
ence
RCTR Receiver’s Collat- Unique reference identifying the collateral management transaction from the
eral Transaction Receiver’s point of view.
Reference

USAGE RULES
basis.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC Cancellation This is a request to cancel a previously sent collateral substitution.

Request
NEWM New This is a new collateral substitution.
CODES
CODU Copy Duplicate This substitution is being sent as a copy to a party other than the original
Receiver, for information purposes. It is a duplicate of a substitution previ-
ously sent.
COPY Copy The message is being sent as a copy to a party other than the original Receiver,
for information purposes.
DUPL Duplicate The message is for information purposes. It is a duplicate of a substitution

previously sent.
USAGE RULES
To cancel a previously sent substitution, Function is CANC. The reference in the previous reference field must contain the


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement
USAGE RULES
More than one occurrence of the agreement is only authorised for cross-product collateralisation and when there is no
overall master agreement in place yet.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

AGRE Agreement Indica- The underlying master agreement.

tor
CODES
DERV German Rahmen- The German Rahmenvertrag Agreement.

vertrag Agreement
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

Date must be a valid date expressed as YYYYMMDD. (Error code(s): T50)

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

Number
USAGE RULES
For ISDA agreements (:22F::AGRE//ISDA), Data Source Scheme should not be used and Number should be a year in the
YYYY format.

FORMAT
PRESENCE
Conditional (C16)

QUALIFIER
DEFINITION
AGRE Agreement Narra- Narrative description of the agreement.

tive

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION

Date/Time
11. Field 22H: Indicator: Exposure Type Indicator

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION

cator
CODES
If qualifier is COLA, Indicator must contain one of the following codes (Error code(s): T03):
CRPR Cross Product Combination of all products.

Derivatives

ment

Back

Product
SLEB Securities Lending Securities lending and borrowing.

and Borrowing

Product

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
PTYA Party A The party proposing/requesting the substitution of the collateral.
PTYB Party B The counterparty of party A.
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narrative description of the contact unit or person with party A responsible for
Narrative the transaction.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
RELA Related Reference Reference of the linked message (response, proposal, substitution or statement
message) which was previously received.

PREV Previous Reference Reference of the linked message which was previously sent (claim, response,
proposal, substitution or statement message).

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
COLR Collateral Reference Reference assigned by the giver to unambiguously identify the piece of collat-
eral.

USAGE RULES

FORMAT
PRESENCE
Mandatory
QUALIFIER
2 M INOU N H In/Out Indicator
DEFINITION
COLL Collateral Type Indicates the type of collateral.

Indicator
INOU In/Out Indicator Indicates whether the collateral specified is to be added or returned from the
collateral held by the exposed party.
TYCO Type of Collaterali- The legal status of the collateral (needed in certain markets).
sation Indicator
CODES
When qualifier is COLL, Indicator must contain one of the following codes (Error code(s): T04):

CODES
When qualifier is INOU, Indicator must contain one of the following codes (Error code(s): T07):
COLI In Added to the collateral held.
COLO Out Retreived from the collateral held.
CODES
BPLG Basis Pledge Basis Pledge.
LOAN Loan for consump- Loan for consumption.

tion
OTHR Other Type of collateralisation different from the ones stated above.
SPLG Security Interest Security interest (single pledge).

(Single Pledge)
22. Field 98A: Date: Settlement/Delivery Date

FORMAT
PRESENCE
Optional
QUALIFIER
1 O SETT N A Settlement/Delivery Date

DEFINITION
SETT Settlement Date The date of the settlement or delivery of the piece of collateral substituted.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
DEFINITION

USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
COLL Quantity of Securities The quantity of securities collateral substituted.

Collateral

CODES
AMOR Amortised Value Quantity represents the current amortised face amount of a bond, eg, a periodic
reduction of a bond’s principal amount.
ment.

FORMAT
PRESENCE
Optional in a conditional (C3) subsequence.
QUALIFIER
DEFINITION
OWNF Ownership Flag This field indicates whether the collateral giver owns the collateral or not.
CODES
N No The collateral giver doesn’t own the collateral.
Y Yes The collateral giver owns the collateral.

USAGE RULES

FORMAT
Option R 16c
PRESENCE
Mandatory in an optional subsequence.
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
4 O STAM R F Stamp Duty Override Indicator

6 O REGT R F Registration Override Indicator
8 O CASY R F Cash Settlement System Indicator
DEFINITION

Indicator

Condition
STAM Stamp Duty Override Indi- Indicates whether the transaction is exempt from stamp duty.
cator
RTGS Real-Time Gross Settle- Indicates whether the transaction settles through an RTGS or a non RTGS
ment Override Indicator system for securities.
cator not.
BENE Beneficial Ownership Indicates whether the standing arrangement for the beneficial ownership is
Override Indicator overridden or not.

Indicator
CODES

CODES
FRCL Free Clean Settlement The delivery will be made free of payment but a clean payment order will
be sent.
less).
NPAR Partial Settlement Not Partial settlement is not allowed.

Allowed
Override
CODES
CODES
ble.

CODES
NRTG Although the standing instruction is to settle through the RTGS system, it is for this settlement required to
override the standing instruction, ie, settle through the non-RTGS system.
CODES
NREG Although the standing instruction is to register on receipt, it is for this settlement required to override the
standing instruction, ie, to hold the securities in street name.
YREG Although the standing instruction is to hold the securities in street name on receipt, it is for this settlement
required to override the standing instruction, ie, to register the securities.
CODES
NBEN Although the standing instruction is to change the beneficial ownership, it is for this settlement required
to override the standing instruction, ie, not to change the beneficial ownership.
CODES
ARTI ARTIS (AT)
AVPS AVP (NZ)
BELS ELLIPS (BE)
BOFI BOF (FI)
BRLI BIREL (IT)

CHEC Cheque
DKCS DEBES (DK)
HSVP HSVP (HR)
IRIS IRIS (IE)
LVTS LVTS (CA)
NICS NICS (NO)
PNSF PNS (FR)
PVEV PVE (VE)
RIXS RIX (SE)
SAMO SAMOS (ZA)
SEPI SEPI (ES)
SITS SIT (SI)
SLBE SLBE (ES)
SPGT SPGT (PT)
TARG TARGET

TOPN TOP (NL)
USCH CHIPS (US)
USFW Fedwire (US)
VIBE VIBER (HU)
ZENG Zengin

FORMAT
Option R 16c
PRESENCE
Mandatory in a conditional (C12) subsequence.
DEFINITION
CODES

FORMAT

Code) (Alternative ID)
PRESENCE

QUALIFIER
1 M BUYR N C10, C11 P, Q, R Buyer
or DEAG N C10 P, Q, R Delivering Agent
or DECU N C10, C11 P, Q, R Deliverer’s Custodian
or DEI9 N C10 P, Q, R Deliverer’s Intermediary 9
or PSET N C10 C, P, Q, R Place of Settlement
or REAG N C10 P, Q, R Receiving Agent
or RECU N C10, C11 P, Q, R Receiver’s Custodian
or REI9 N C10 P, Q, R Receiver’s Intermediary 9

or SELL N C10, C11 P, Q, R Seller
DEFINITION
BUYR Buyer
DEAG Delivering Agent
DECU Deliverer’s Custodian
DEI1 Deliverer’s Intermediary 1
PSET Place of Settlement
REAG Receiving Agent
RECU Receiver’s Custodian
REI1 Receiver’s Intermediary 1

SELL Seller
CODES

Number
CORP Corporate Identifi- Name of the corporate, followed by a slash, ’/’, followed by the number of the
cation customer in a corporation.
DRLC Driver’s License State of issue, followed by a slash, ’/’, followed by the driver’s license number.
Number

Number
USAGE RULES


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
SAFE Safekeeping Safekeeping account owned by the party specified in this sequence.
Account
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narrative description of the contact unit or person responsible for the transac-
Narrative tion at the party defined within the party block.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
Currency Code must be a valid ISO 4217 currency code. (Error code(s): T52).


FORMAT
PRESENCE
QUALIFIER
DEFINITION
DEPO Type of Deposit Whether the deposit is fixed term or call/notice.

Indicator
CODES

FORMAT
PRESENCE
Conditional (C4)

QUALIFIER
DEFINITION
MATU Maturity Date Maturity date of the fixed term deposit.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
Optional in an optional subsequence.
QUALIFIER
DEFINITION

Condition
CODES
Override

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT

PRESENCE
QUALIFIER
DEFINITION
ACCW Account With Insti- Identifies the institution to which the payment is to be made in favour of the bene-
tution ficiary of money, if different from the Receiver. This may be a branch or affiliate
of the Receiver, or of the intermediary, or of the beneficiary institution, or an
entirely different financial institution.
Money to an institution different from the Receiver and identified as account with institu-
tion.
tion

CODES

Number
Number

Number
code(s): C05).

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CASH Cash Account Account from/to which a payment is to be made and which is held by the party
specified in this sequence.
CHAR Charges Account Account to be used for charges if different from the account for payment and
COMM Commission Account to be used for commission if different from the account for payment
Account and which is held by the party specified in this sequence.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE

QUALIFIER
DEFINITION
BCOL Type of Other Whether the other collateral is a bank guarantee or a documentary credit.
Collateral Indicator
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
DEFINITION


FORMAT
PRESENCE
QUALIFIER
DEFINITION
GUAR Guarantee Amount The amount of the bank guarantee.

Amount

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory.
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
Mandatory in a conditional (C6, C7) sequence.
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION

Indicator

Condition
cator
cator not.

Indicator
CODES
CODES
FRCL Free Clean Settlement The delivery will be made free of payment but a clean payment order will
be sent.
less).
NPAR Partial Settlement Not Partial settlement is not allowed.

Allowed

Override
CODES
CODES
ble.
CODES

CODES
CODES
CODES
ARTI ARTIS (AT)
AVPS AVP (NZ)
BELS ELLIPS (BE)
BOFI BOF (FI)
BRLI BIREL (IT)
CHEC Cheque
DKCS DEBES (DK)

HSVP HSVP (HR)
IRIS IRIS (IE)
LVTS LVTS (CA)
NICS NICS (NO)
PNSF PNS (FR)
PVEV PVE (VE)
RIXS RIX (SE)
SAMO SAMOS (ZA)
SEPI SEPI (ES)
SITS SIT (SI)
SLBE SLBE (ES)
SPGT SPGT (PT)
TARG TARGET
TOPN TOP (NL)
USCH CHIPS (US)
USFW Fedwire (US)
VIBE VIBER (HU)
ZENG Zengin


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
or DEAG N C10 P, Q or R Delivering Agent

or REAG N C10 P, Q or R Receiving Agent
DEFINITION
BUYR Buyer

SELL Seller

CODES

Number
Number

Number
USAGE RULES

FORMAT

(Account Number)
PRESENCE
Optional

QUALIFIER
DEFINITION
Account
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional in a conditional (C8, C9) subsequence

QUALIFIER
DEFINITION

Condition
CODES
Override

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT

PRESENCE
Mandatory in a conditional (C15) sequence.
QUALIFIER
DEFINITION
ACCW Account With Insti- Identifies the institution to which the payment is to be made in favour of the bene-
tution ficiary of money, if different from the Receiver. This may be a branch or affiliate
of the Receiver, or of the intermediary, or of the beneficiary institution, or an
entirely different financial institution.
Money to an institution different from the Receiver and identified as account with institu-
tion.
tion

CODES

Number
Number

Number
code(s): C05).

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

MT 506 Collateral and Exposure Statement

MT 506 Scope
This message is sent either by the collateral giver, or its collateral manager, to the collateral taker, or its collateral manager,
or by the collateral taker, or its collateral manager to the collateral giver, or its collateral manager.
It is used to provide the details of the valuation of both the collateral and the exposure.
This message is also used by the taker or the giver to request the cancellation of a previously sent collateral and exposure
statement.
This message must not be used to claim collateral but may be used in support of a claim.


The statement consists of four sequences.
of the underlying agreement(s), the identification of the parties, the reason for which collateral is needed, the exposure type
and the contact information.
total exposure amount and the total collateral amount held by the taker. It also contains the valuation dates and the requested
settlement date of collateral if there is a shortage of collateral. The sequence contains an optional subsequence with the
amounts taken in to account to calculate the collateral position. These amounts are required for certain types of exposures.
Repetitive sequence C Exposure Valuation Details contains the valuation details of the exposure. The identification and the
value of the trades and the other elements that constitute the total exposure are included one by one.
Repetitive sequence D Collateral Valuation Details contains the valuation details of the collateral held by the taker. The
identification and the value of each piece of collateral are included one by one.
MT 506 Collateral and Exposure Statement
Name

Name
M 28E Page Number/Continuation 5n/4!c 2

Indicator
----->
-----|

Number
----->
-----|

tion

Name
M 95a EXPP Party Exposed Party P, Q or R 21
----->
-----|
----->
M 98a 4!c Date/Time (see qualifier description) A or C 23
-----|
----->
-----|
----->Repetitive Mandatory Sequence C Exposure Valuation Details
M 16R Start of block EXPD 28
----->

Name
-----|
O 98A TRAD Date Trade Date :4!c//8!n 31
----->
O 95a 4!c Party (see qualifier description) P, Q, or R 32
-----|
----->
-----|
O 99A DAAC Number Count Number of Days Accrued :4!c//[N]3!n 34
O 22F MICO Indicator Method of Interest Compu- :4!c/[8c]/4!c 35

tation Indicator
----->
M 92a 4!c Rate (see qualifier description) A or B 36
-----|
Optional Subsequence C1 Securities Valuation Details
M 16R Start of Block SECS 37
M 19B MRKT Amount Market Price Amount :4!c//3!a15d 38

M 36B SECV Quantity of Finan- Quantity of Securities :4!c//4!c/15d 40

cial Instrument Valued
M 92A SHAI Rate Securities Haircut :4!c//[N]15d 41
M 16S End of Block SECS 42
End of Subsequence C1 Securities Valuation Details
Optional Subsequence C2 Treasury Valuation Details
M 16R Start of Block TREA 43

Name
----->
M 98A 4!c Date (see qualifier description) :4!c//8!n 44
-----|
----->
-----|
O 70C COMI Narrative Commodity Index Narra- :4!c//4*35x 46

tive
O 12B OPTI Type of Financial Option Type :4!c/[8c]/4!c 47

Instrument
M 16S End of Block TREA 48
End of Subsequence C2 Treasury Valuation Details
Optional Subsequence C3 Repo Valuation Details
M 16R Start of Block REPV 49
----->
M 98A 4!c Date (see qualifier description) :4!c//8!n 50
-----|
----->
-----|
M 92A REPO Rate Repurchase Rate :4!c//[N]15d 52
M 16S End of Block REPV 53
End of Subsequence C3 Repo Valuation Details
M 16S End of Block EXPD 54
-----| End of Sequence C Exposure Valuation Details
----->Repetitive Mandatory Sequence D Collateral Details

Name
M 22H COLL Indicator Collateral Type Indicator :4!c//4!c 57
O 25D SETT Status Settlement Status :4!c/[8c]/4!c 58
----->
-----|
O 99A DAAC Number Count Number of Days Accrued :4!c//[N]3!n 60
O 22F MICO Indicator Method of Interest Compu- :4!c/[8c]/4!c 61

tation Indicator
----->
M 92a 4!c Rate (see qualifier description) A or B 62
-----|
Optional Subsequence D1 Securities Collateral Details
M 19B MRKT Amount Market Price Amount :4!c//3!a15d 64


M 92A SHAI Rate Securities Haircut :4!c//[N]15d 67
O 98A EXPI Date Expiry Date :4!c//8!n 68
----->
O 94B 4!c Place (see qualifier description) :4!c/[8c]/4!c[/30x] 69
-----|
O 70C RATS Narrative Rating Narrative :4!c//4*35x 70

Name
End of Subsequence D1 Securities Collateral Details
Optional Subsequence D2 Cash Collateral Details
End of Subsequence D2 Cash Collateral Details
Optional Subsequence D3 Other Collateral Details

Indicator
----->
-----|
End of Subsequence D3 Other Collateral Details
-----| End of Sequence D Collateral Details

C1

Sequence A
subfield 1 is ... of subsequence A2
field :20C::PREV//16x is ...
CANC Mandatory, ie, minimum one Mandatory

C2
Present Optional
C3
if field :19B::TEXA is... then field :19B::TCRL is...
Present Optional
C4
In each occurrence of sequence D, the presence of subsequences D1, D2 and D3 depends on the value of field
:22H::COLL//<Indicator> as follows (Error code(s): E83):

In each occurrence In the same occur- In the same occur- In the same occurrence
of sequence D rence of sequence D rence of sequence D of sequence D
if field then subsequence D1 and subsequence D2 and subsequence D3 is...
:22H::COLL//4!c is... is...
is...
C5
In each occurrence of subsequence D2, the presence of field :98A::MATU depends on the value of field
In each occurrence of subsequence D2 In the same occurrence of subsequence D2

if field :22H::DEPO//4!c is ... then field :98::MATU is...
FIXT Mandatory
CLNT Not allowed
C6
In each occurrence of subsequence D3, if field :22H::BCOL//LCOL is present, then field :98B::EXPI//OPEN (ie, Qual-

Present Not allowed
C7

Present Optional

C8
C9
C10
In each occurrence of subsequence D1, the presence of field :70C::RATS depends on the presence of field :94B::RATS
as follows (Error code(s): E60):

if field :94B::RATS is ... then field :70C::RATS is ...
Present Mandatory
MT 506 Usage Rules

MT 506 Guidelines
A collateral and exposure statement can be sent:
by the taker to provide the details of the valuation of both the collateral and the exposure
by the giver to provide the details of the valuation of both the collateral and the exposure.
ISDA Definitions

the aggregate of all Independent Amounts applicable to the Secured Party, if any; minus

Independent Amount
Party.

than zero.
Basic Amount
Thresholds

ments)

Basic Amount 0

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
2. Field 28E: Page Number/Continuation Indicator

FORMAT
Option E 5n/4!c (Page Number) (Continuation Indicator)
PRESENCE
Mandatory
DEFINITION
This field specifies the page number and an indicator of whether it is the only or last page, or if there are additional pages.
CODES
Continuation Indicator must contain one of the following codes (Error code(s): T97):
LAST Last Page This is the last page of a statement with more than one page.
MORE Intermediate Page This is an intermediate page of a statement which contains additional pages.
ONLY Only Page This is the only page of a statement.

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION
ence
Reference
USAGE RULES
basis.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC Cancellation This is a request to cancel a previously sent statement.

Request
NEWM New This is a new statement.

CODES
CODU Copy Duplicate This statement is being sent as a copy to a party other than the original
Receiver, for information purposes. It is a duplicate of a statement previously
sent.
DUPL Duplicate The message is for information purposes. It is a duplicate of a statement previ-
ously sent.
USAGE RULES
To cancel a previously sent statement, Function is CANC. The reference in the previous reference field must contain the

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

tor
CODES

vertrag Agreement
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
Date must be a valid date expressed as YYYYMMDD. (Error code(s): T50).

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

Number
USAGE RULES
YYYY format.

FORMAT
PRESENCE
Conditional (C7)
QUALIFIER
DEFINITION

tive

FORMAT
Option S 16c

PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

Date/Time


FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
cator
CODES

Derivatives


ment

Back

Product

and Borrowing

Product

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
PTYA Party A The party who issued the statement or the party on whose behalf the statement
is sent.


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Party Contact Narrative description of the contact unit or person with party A.
Narrative

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES
LINK Linkages

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE

QUALIFIER
DEFINITION
RELA Related Reference Reference of the linked message (response, proposal, substitution or statement
message) which was previously received.
PREV Previous Reference Reference of the linked message which was previously sent (claim, response,
proposal, substitution or statement message).

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
SUMM Summary

FORMAT


PRESENCE
Mandatory
QUALIFIER
1 M EXPP N P, Q or R Exposed Party
DEFINITION
EXPP Exposed Party The party which is exposed to its counterparty.
BIC Specifies the Bank Identifier Code. BEI specifies Business Identifier.

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION
COVA Value of Collateral Total value of the collateral (post-haircut) held by the exposed party.
Held

Amount

Amount
PTYB Party B’s Exposure Exposure from the counterparty’s viewpoint (needed for certain types of agree-
Amount ments).
USAGE RULES

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M VALE N A, C Date/Time of Valuation of the Exposure
2 M VALC N A, C Date/Time of Valuation of the Collateral
3 O RSET N A Requested Settlement Date

DEFINITION
VALE Date/Time of Valu- The date/time at which the exposure was valued.
ation of the Expo-
sure
VALC Date/Time of Valu- The date/time at which the collateral was valued.
ation of the Collat-
eral
RSET Requested Settle- The requested settlement date of the collateral.

ment Date
Time must be a valid date expressed as HHMMSS (Error code(s): T38).

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
9 O PRCV N B Previous Collateral Value
10 O PEVA N B Previous Market Price Value
11 O TPIN N B Total Pending Collateral In
12 O TPOU N B Total Pending Collateral Out
13 O TACR N B Total Accrued Interest Amount
14 O TCHA N B Total Fees/Commissions
DEFINITION
THRU Unsecured Threshold The amount for which the exposed party doesn’t have to post collateral. The
Amount difference between the total exposure amount and this amount needs to be
collateralised.

PRHA Pre-haircut Collateral The total value of posted collateral (pre-haircut) held by the taker.
Value

Amount

Amount
Amount
Amount held.
Amount up.
PRCV Previous Collateral Value of Collateral at Previous Valuation.

Value
PEVA Previous Market Price Exposure Value at Previous Valuation.

Value
TPIN Total of Pending Value of incoming collateral, to be settled.

Collateral In
TPOU Total of Pending Value of outgoing collateral, to be settled.

Collateral Out
TACR Total Accrued Interest Sum of accrued interest.

Amount
TCHA Total Fees/Commis- Sum of fees/commissions.

sions
USAGE RULES
See also the ISDA definitions in the Usage Rules section for a more detailed explanation of the amount fields and examples.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
This field must contain the following code: (Error code(s): T92)

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
SUMM Summary

FORMAT
Option R 16c

PRESENCE
Mandatory
DEFINITION
CODES
EXPD Exposure Valuation Details

FORMAT
PRESENCE
Optional
QUALIFIER
1 O TRRF R C Deal Reference
2 O CPTR R C Counterparty’s Deal Reference
DEFINITION
TRRF Deal Reference Reference assigned by the Sender to identify the deal.
CPTR Counterparty’s Deal Reference assigned by the Receiver to identify the deal.
Reference

USAGE RULES
The deal references are repeated when the exposures created by these deals are grouped to become one exposure amount.

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M COLA N H Exposure Type Indicator
DEFINITION
COLA Exposure Type Indi- The type of deal.

cator
CODES
CCIR Cross Currency IRS Cross Currency Interest Rate Swap.
COMM Commodities Commodities trades.
CRPR Cross Product Combination of various types of trades.
CRSP Credit Support Cash lending/borrowing; letter of Credit; signing of master agreement.
EXTD Exchange Traded Exchange traded derivatives.

Derivatives

FIXI Fixed Income Fixed income.
FORW Forward Foreign Forward FX trades.

Exchange
FORX Foreign Exchange FX trades in general.
OPTN Option Option.
OTCD OTC Derivatives OTC Derivatives in general.
REPO Repurchase Agree- Repurchase agreement.

ment
SBSB Securities Buy Sell Securities buy sell back.

Back
SCIR Single Currency IRS Single Currency Interest Rate Swap.

Product

and Borrowing

Product
31. Field 98A: Date: Trade Date

FORMAT
PRESENCE
Optional
QUALIFIER
1 O TRAD N A Trade Date

DEFINITION
TRAD Trade Date

FORMAT

PRESENCE
Optional
QUALIFIER
1 O CPTA N P, Q or R Customer of Party A
2 O CPTB N P, Q or R Customer of Party B
DEFINITION
CPTA Customer of Party A Customer on whose behalf party A is dealing.
CPTB Customer of Party B Customer on whose behalf party B is dealing.


FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M DEAL N B Deal Amount
2 M RECA N B Reported Currency and Amount
3 M MKTV N B Market Value Amount
4 O ACRU N B Accrued Interest Amount
5 O CHAR N B Fees/Commissions
DEFINITION
DEAL Deal Amount The total amount of the trade in the trade currency.
RECA Reported Currency and The total amount of the trade in the reporting currency.
Amount
MKTV Market Value Amount The total marked to market value of the trade in the reporting currency. It
is the dirty price, ie, the accrued interest is included if any.
ACRU Accrued Interest The accrued interest on the value of the trade in a trade currency.
Amount
CHAR Fees/Commissions The fees/commissions calculated on the trade.

34. Field 99A: Number Count: Number of Days Accrued

FORMAT
Option A :4!c//[N]3!n (Qualifier) (Sign) (Number)
PRESENCE
Optional
QUALIFIER
1 O DAAC N A Number of Days Accrued
DEFINITION
DAAC Number of Days Number of days used for interest calculation.

Accrued
Sign must not be used when Number is equal to ’0’ (Error code(s): T14).
35. Field 22F: Indicator: Method of Interest Computation Indicator

FORMAT
PRESENCE
Optional

QUALIFIER
1 O MICO N F Method of Interest Computation Indicator
DEFINITION
Computation Indi- ment.
cator
CODES
A001 30/360
A002 30/365
A003 30/Actual
A004 Actual/360
A005 Actual/365
A006 Actual/Actual or 1/1
A007 30E/360 or Eurobond basis
36. Field 92a: Rate

FORMAT

(Rate)

PRESENCE
Mandatory
QUALIFIER
1 M EXCH N B Exchange Rate
2 M MARG N A Margin
3 M CHAI N A Currency Haircut
DEFINITION
EXCH Exchange Rate Exchange rate between the deal amount and the reporting amount.
MARG Margin Percentage by which the exposure amount needs to be adjusted.
CHAI Currency Haircut The haircut or valuation factor on the deal currency expressed as a percent-
age.
Sign must not be used when Rate is equal to ’0’.(Error code(s): T14)
USAGE RULES
The order of the two currencies specified here is independent of the currencies in the deal amount and reporting amount
fields. Therefore the exchange rate can be expressed as a reciprocal if required.

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
SECS Securities Valuation Details
38. Field 19B: Amount: Market Price Amount

FORMAT
PRESENCE
QUALIFIER
1 M MRKT N B Market Price Amount
DEFINITION
MRKT Market Price Amount Market Price of the valued financial instrument.


FORMAT

PRESENCE
DEFINITION
This field identifies the financial instrument valued.
USAGE RULES
40. Field 36B: Quantity of Financial Instrument: Quantity of Securities Valued

FORMAT
PRESENCE

QUALIFIER
1 M SECV N B Quantity of Securities Valued
DEFINITION
SECV Quantity of Securi- The quantity of the security valued.

ties Valued
CODES
ment.
41. Field 92A: Rate: Securities Haircut

FORMAT
PRESENCE
QUALIFIER

1 M SHAI N A Securities Haircurt
DEFINITION
SHAI Securities Haircut The haircut or valuation factor on the security expressed as a percentage.
Sign must not be used when Rate is equal to ’0’ (Error code(s): T14).

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
SECS Securities Valuation Details

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
TREA Treasury Valuation Details
44. Field 98A: Date

FORMAT
PRESENCE
QUALIFIER
1 M STRT N A Start Date
2 M MATU N A Maturity Date
DEFINITION
STRT Start Date The effective or start date of the deal.
MATU Maturity Date The maturity or termination date of the deal.


FORMAT
PRESENCE
Optional
QUALIFIER
1 O CCAM N B Counter Amount
2 O INIM N B Initial Margin Amount
3 O CONM N B Contingent Margin Amount
DEFINITION
CCAM Counter Amount
INIM Initial Margin Amount
CONM Contingent Margin

Amount
46. Field 70C: Narrative: Commodity Index Narrative

FORMAT

PRESENCE
Optional
QUALIFIER
1 O COMI N C Commodity Index Narrative
DEFINITION
COMI Commodity Index The description of the commodity or index traded.

Narrative
47. Field 12B: Type of Financial Instrument: Option Type

FORMAT
Option B :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Type)
PRESENCE
Optional
QUALIFIER
DEFINITION
OPTI Option Type The type of option.

CODES
If Data Source Scheme is not present, Type must contain one of the following codes:
CALL Call Option Call option.
PUTO Put Option Put option.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
TREA Treasury Valuation Details

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
REPV Repo Valuation Details

50. Field 98A: Date

FORMAT
PRESENCE
QUALIFIER
1 M STRT N A Start Date
2 M REPU N A Repurchase Date
DEFINITION
STRT Start Date Start date of the repo.
REPU Repurchase Date The repurchase date.

FORMAT
PRESENCE
QUALIFIER

1 M OPCA N B Opening Cash Amount
2 O REPA N B Repurchase Amount
DEFINITION
OPCA Opening Cash Amount Opening cash amount.
REPA Repurchase Amount Closing cash amount.
52. Field 92A: Rate: Repurchase Rate

FORMAT
PRESENCE
QUALIFIER
1 M REPO N A Repurchase Rate
DEFINITION
REPO Repurchase Rate The rate to be used to calculate the repurchase amount.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
REPV Repo Valuation Details

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
EXPD Exposure Valuation Details


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
COLR Collateral Reference Reference of the piece of valued collateral.

USAGE RULES
For letters of Credit, Collateral Reference is the Documentary Credit Number.
57. Field 22H: Indicator: Collateral Type Indicator

FORMAT
Option H :4!c//4!c (Qualifier) (Collateral Type Indicator)
PRESENCE
Mandatory
QUALIFIER
DEFINITION
COLL Collateral Type The type of collateral.

Indicator
CODES

58. Field 25D: Status: Settlement Status

FORMAT
Option D :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Status Code)
PRESENCE
Optional
QUALIFIER
1 O SETT N D Settlement Status
DEFINITION
SETT Settlement Status
CODES
If Data Source Scheme is not present, Status Code must contain one of the following codes:
PEND Pending Settlement The collateral is pending settlement.
SETT Settled The collateral is not pending, ie, it was settled.

FORMAT
PRESENCE
Mandatory

QUALIFIER
1 M COLL N B Collateral Amount
2 M RECA N B Reported Currency and Amount
3 M MKTV N B Market Value Amount
4 O ACRU N B Accrued Interest Amount
5 O CHAR N B Fees/Commissions
DEFINITION
COLL Collateral Amount The total amount of the collateral in the collateral currency.
RECA Reported Currency and The total amount of the collateral in the reporting currency.
Amount
MKTV Market Value Amount The total market to market value of the collateral in the reporting currency.
It is the dirty price, ie, the accrued interest is included if any.
ACRU Accrued Interest The accrued interest on the value of the collateral in the currency of the
Amount collateral.
CHAR Fees/Commissions The fees/commissions calculated on the collateral.

60. Field 99A: Number Count: Number of Days Accrued

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
DAAC Number of Days Number of days used for interest calculation.

Accrued
Sign must not be used when Number is equal to ’0’ (Error code(s): T14).
61. Field 22F: Indicator: Method of Interest Computation Indicator

FORMAT
PRESENCE
Optional
QUALIFIER
1 O MICO N F Method of Interest Computation Indicator
DEFINITION
Computation Indi- ment.
cator

CODES
A001 30/360
A002 30/365
A003 30/Actual
A004 Actual/360
A005 Actual/365
A006 Actual/Actual or 1/1
A007 30E/360 or Eurobond basis
62. Field 92a: Rate

FORMAT

(Rate)
PRESENCE
Mandatory
QUALIFIER
1 M EXCH N B Exchange Rate
2 M MARG N A Margin
3 M CHAI N A Currency Haircut
DEFINITION
EXCH Exchange Rate Exchange rate between the deal amount and the reporting amount.
MARG Margin Percentage by which the exposure amount needs to be adjusted.

CHAI Currency Haircut The haircut or valuation factor on the deal currency expressed as a percent-
age.
USAGE RULES
The order of the two currencies specified here is independent of the currencies in the deal amount and reporting amount
fields. Therefore the exchange rate can be expressed as a reciprocal if required.

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
64. Field 19B: Amount: Market Price Amount

FORMAT
PRESENCE

QUALIFIER
1 M MRKT N B Market Price Amount
DEFINITION
MRKT Market Price Amount Market Price of the valued financial instrument.

FORMAT

PRESENCE
DEFINITION
USAGE RULES


FORMAT
PRESENCE
QUALIFIER
DEFINITION
COLL Quantity of Securi- The quantity of the collateral security.

ties Collateral
CODES
ment.

67. Field 92A: Rate: Securities Haircut

FORMAT
PRESENCE
QUALIFIER
1 M SHAI N A Securities Haircurt
DEFINITION
SHAI Securities Haircut The haircut or valuation factor on the security expressed as a percentage.
68. Field 98A: Date: Expiry Date

FORMAT
PRESENCE

QUALIFIER
DEFINITION
EXPI Expiry Date The date after which the securities are no longer valid as collateral.
69. Field 94B: Place

FORMAT
PRESENCE
QUALIFIER
1 O PRIC N B Source of Price
2 O RATS N B Source of Rating
DEFINITION
PRIC Source of Price The pricing source of the valuation.
RATS Source of Rating The rating source of the security.

CODES
If Data Source Scheme is not present, Place Code must contain one of the following codes:
LMAR Local Market
THEO Theorical
VEND Vendor Source
USAGE RULES
The identification of the source is done in the narrative.
70. Field 70C: Narrative: Rating Narrative

FORMAT
PRESENCE
Conditional (C10)
QUALIFIER
1 O RATS N C Rating Narrative
DEFINITION
RATS Rating Narrative The rating of the security.

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE

QUALIFIER
DEFINITION
DEPO Deposit Amount The currency and amount of the deposit after valuation.

FORMAT
PRESENCE
QUALIFIER
DEFINITION
DEPO Type of Deposit Whether the deposit is fixed term or call/notice.

Indicator

CODES
CLNT Call/Notice Call/Notice deposit.
FIXT Fixed Term Fixed Term deposit.

FORMAT
PRESENCE
Conditional (C5)
QUALIFIER
DEFINITION
MATU Maturity Date Maturity Date of the fixed term deposit.

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE

QUALIFIER
DEFINITION
BCOL Type of Other Whether the other collateral is a bank guarantee or a documentary credit.
Collateral Indicator
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
DEFINITION


FORMAT
PRESENCE
QUALIFIER
DEFINITION
GUAR Guarantee Amount The currency and amount of the bank guarantee after valuation.
LOCR Letter of Credit Amount The amount of the documentary credit after valuation.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

MT 507 Collateral Status and Processing Advice

MT 507 Scope
This message is sent by the Receiver of a collateral claim, a collateral proposal or a proposal/request for collateral substitu-
tion.
It is used to advise the status of the received message.
reject a collateral claim, collateral proposal or the proposal/request of a collateral substitution

accept a collateral claim, collateral proposal or the proposal/request of a collateral substitution
advise the settlement details of proposed collateral
reply to a cancellation request previously sent by the Receiver
re-send to a third party a copy of the message for information (Subfunction of the message is CODU)

The status and processing advice consists of two sequences.
Sequence A General Information provides general information about the message the status and processing advice refers to,
ie, the function of the message, the identification of the collateral transaction, the references of the linked messages, the
identification of the underlying agreement(s), the identification of the parties, the reason for which collateral is needed (the
exposure type), the contact information and the status and reason information.
Sequence B Collateral Details provides status and reason information related to specific pieces of collateral and contains
further settlement details for the accepted collateral pieces of securities or cash collateral.
MT 507 Collateral Status and Processing Advice
Name
----->
-----|

Name

Number
----->
-----|
M 25D 4!c Status (see qualifier description) :4!c/[8c]/4!c 13
O 24B 4!c Reason (see qualifier description) :4!c/[8c]/4!c 14
----->
-----|
-----> Repetitive Mandatory Subsequence A2 Linkages

tion

Name
-----> Repetitive Optional Sequence B Collateral Details
M 22H COLL Indicator Collateral Type Indicator :4!c//4!c 23
M 25D COLL Status Collateral Status :4!c/[8c]/4!c 24
O 24B REJT Reason Rejection Reason :4!c/[8c]/4!c 25
O 70D REAS Narrative Reason Narrative :4!c//6*35x 26
Optional Subsequence B1 General Settlement Details
M 16R Start of Block SETTL 27
Optional Subsequence B1a Settlement Details
----->
-----|
-----> Repetitive Optional Subsequence B1a1 Settlement Parties
----->
M 95a 4!c Party (see qualifier description) C, P, Q, R, or S 31
-----|

Name
-----|End of Subsequence B1a1 Settlement Parties
End of Subsequence B1a Settlement Details
Optional Subsequence B1b Cash Settlement Details

Condition
-----> Repetitive Optional Subsequence B1b1 Cash Parties
----->
-----|
----->
-----|
-----| End of Subsequence B1b1 Cash Parties
End of Subsequence B1b Cash Settlement Details
M 16S End of Block SETTL 44
End of Subsequence B1 General Settlement Details
-----| End of Sequence B Collateral Details


C1
Present Optional
C2
The presence of sequence B depends on the value of field :25D::4!c//<Status> in sequence A and the value of field
:13A::LINK//<Number Id> in subsequence A2 as follows (Error code(s): D29):
Sequence A Sequence A Sequence A Subsequence A2 then

if field and field and field and field Sequence B
:25D::4!c/[8c]/4!c :25D::REST/[8c]/4!cData :25D::REST/[8c]/4!c :13A::LINK//3!c is ...
Qualifier is ... Source Scheme [8c] is ... is ... is ...
REST Not present :25D::REST//ACCP 503 Optional
:25D::REST//ACCT 503 Optional
:25D::REST//ACCP 504 Mandatory
:25D::REST//ACCT 504 Mandatory
:25D::REST//ACCP 505 Optional
:25D::REST//ACCT 505 Optional
:25D::REST//SUBR N/A Optional
:25D::REST//REJT N/A Not allowed
Present N/A N/A Optional
CPRC N/A N/A N/A Not allowed
IPRC N/A N/A N/A Not allowed
C3
In each occurrence of sequence B, the presence of subsequence B1 depends on the value of field
:25D::COLL//<Status> and :22H::COLL//<Indicator> as follows (Error code(s): C70):

In each occurrence of sequence B
If for field and field and field then subse-

:25D::COLL/[8c]/4!cData :25D::COLL/[8c]/4!c is :22H::COLL//4!c is quence B1 is ...
Source Scheme [8c] is ... ... ...
Not present :25D::COLL//ACCT BCOL Not allowed
:25D::COLL//ACCT CCOL Mandatory (*)
:25D::COLL//ACCT SCOL Mandatory (*)
:25D::COLL//REJT N/A Not allowed
Present N/A BCOL Not allowed
N/A CCOL Optional (*)
N/A SCOL Optional (*)
(*) see rule C11 (Error code(s): C69) for additional checks.
C4
In each occurrence of sequence B, for subsequences B1a1 and B1b1, the following party fields cannot appear more
than once (Error code(s): E84):
Subsequence B1a1 Subsequence B1b1
:95a::DEI1
:95a::DEI2
:95a::DEI3
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9

Subsequence B1a1 Subsequence B1b1
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C5
It is mandatory to specify a Receiving Agent for the Securities Settlement Parties (subsequences B1a1):
In each occurrence of sequence B (if present), if subsequence B1a1 Securities Settlement Parties is present, then field
:95a::REAG must be present in one and only one occurrence of subsequence B1a1 in the same occurrence of sequence
B (Error code(s): E93).
Note: See also Network Validated Rule C4 (Error code(s): E84).
C6
In each occurrence of sequence B, if a qualifier from the list Deliverers is present in one occurrence of subsequence
B1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below)
must be present in other subsequences B1a1 of the same occurrence of sequence B (Error code(s): E86).

If :95a::DEI1 is present in subsequence B1a1, then :95a::DECU must be present in another subsequence B1a1.
If :95a::DECU is present in subsequence B1a1, then :95a::SELL must be present in another subsequence B1a1.
In each occurrence of sequence B, if a qualifier from the list Receivers is present in one occurrence of subsequence
B1a1 in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must
be present in other subsequences B1a1 of the same occurrence of sequence B (Error code(s): E86).
If :95a::REI1 is present in subsequence B1a1, then :95a::RECU must be present in another subsequence B1a1.
If :95a::RECU is present in subsequence B1a1, then :95a::BUYR must be present in another subsequence B1a1.
C7
In each occurrence of subsequence B1a, the presence of the subsequence B1a1 depends on the presence of field


Present Mandatory
C8
In each occurrence of subsequence B1b, the presence of the subsequence B1b1 depends on the presence of field
In each occurrence of subsequence B1b In the same occurrence of subsequence B1b

if field :22F::STCO//NSSP is ...(*) then subsequence B1b1 is ...
Present Mandatory
C9

Present Optional
C10
C11
In each occurrence of sequence B (if present), if subsequence B1 is present, the presence of subsequences B1a and B1b
depends on the value of field :22H::COLL//<Indicator> in sequence B as follows (Error code(s): C69):

In each occurrence of sequence B
If subsequence Sequence B and then subse- and subsequence B1b is ...

B1 is ... field quence B1a is ...
:22H::COLL//4!c
is ...
Present CCOL Not allowed Mandatory
SCOL Mandatory Not allowed
BCOL N/A N/A

N/A
see rule C3
(Error code(s):
C70)
Not Present N/A N/A N/A
C12
Field :13A::LINK must be present in one and only one occurrence of subsequence A2 (Error code(s): D52).
Note: See also Network Validated Rule C13 (Error code(s): D53).
C13
Field:20C::RELA must be present in the same occurrence of subsequence A2 where field :13A::LINK is present (Error
code(s): D53).
Note: See also Network Validated Rule C12 (Error code(s): D52).
C14
In each occurrence of sequence B, if field :95C::PSET is present in one occurrence of subsequence B1a1, then field
:22F::STCO/[8c]/PHYS is mandatory in subsequence B1a (Error code(s): E54).
Subsequence B1a1 then in sequence B1a

Present Mandatory

MT 507 Usage Rules

The exchange of information related to the trade itselfas well as to the settlement of the collateral is done with the existing
MT 507 Guidelines
block 4).
A collateral status and processing advice can be sent:
At initiation time:
When the initiative is taken by the taker, a collateral claim is sent asking the giver to post collateral. The claim
provides the exposure amount and the value of collateral required. The taker can also include the details of the
collateral he wants.
If the giver doesn’t know which collateral he will post when he receives the claim, he sends then a response
stating that he agrees with the claim and will propose collateral later.
If the giver does not agree with the claim and sends a response message to the taker stating the reason for not
agreeing
When the initiative is taken by the giver, a collateral proposal is sent to the taker containing the details of the
proposed collateral together with the exposure amount and the value of collateral required.
The taker agrees by sending a response message to the giver and awaits the settlement of the collateral.
Or the taker does not agree and sends a message stating the reason for not agreeing.
values, the parties can do a valuation calculation and send a collateral and exposure statement.
The taker will send a claim for additional collateral to be posted by the giver, when the exposure from the taker
vis-à-vis the giver increases.
If the giver doesn’t know which collateral he will post when he receives the claim, he sends a response stating that
he agrees with the claim and propose collateral later.
If the giver does not agree with the claim, he sends a response message to the taker stating the reason for not
agreeing.
The giver will send a collateral claim containing the details of the collateral to be returned, when the exposure
from the taker vis-à-vis the giver decreases, The taker agrees by sending a response message to the giver and
awaits the settlement of the collateral.Or the taker does not agree and sends a message stating the reason for not
agreeing.
When termination occurs, the exposure between the parties has disappeared completely. This happens for instance
when a trade has reached maturity or when parties have decided to stop trading altogether or when an institution pulls
out of a clearing system. The giver will send a message claiming all posted collateral. The taker will send a response
confirming his agreement or disagreement.
A response can be sent to a collateral substitution proposal to the receiver confirming the agreement or the disagree-
ment of the sender of the response to the substitution proposal.


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
SEME Sender’s Reference Reference number assigned by the Sender to unambiguously identify the
message.

ence
Reference
USAGE RULES
basis.

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CAST Cancellation The message provides the status of the Receiver’s cancellation request.
Request Status
INST Instruction Transac- The message provides the status of the Receiver’s transaction.
tion Status
CODES
CODU Copy Duplicate This response is being sent as a copy to a party other than the original
Receiver, for information purposes. It is a duplicate of a response previously
sent.

DUPL Duplicate The message is for information purposes. It is a duplicate of a response previ-
ously sent.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

tor
CODES

vertrag Agreement
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

Number
USAGE RULES
YYYY format.

FORMAT

PRESENCE
Conditional (C9)
QUALIFIER
DEFINITION

tive

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
AGRE Agreement

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION

Date/Time

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION

cator
CODES

Derivatives

ment

Back

Product

and Borrowing

Product

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
PTYA Party A The party sending the message or on whose behalf the message is sent.
USAGE RULES
13. Field 25D: Status

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M REST N D Response Status
or IPRC N D Instruction Processing Status
or CPRC N D Cancellation Processing Status
DEFINITION
REST Response Status The answer to the received message from a collateral management perspective.
IPRC Instruction Process- The message contains the status (pending, rejected, cancelled, etc) of a collat-
ing Status eral message from a processing perspective.
CPRC Cancellation The message contains a status of a cancellation request initiated by an instruct-
Processing Status ing party.
CODES
If Data Source Scheme is not present, and Qualifier is REST, Status Code must contain one of the following codes (Error
code(s): T19):
ACCP Partly Accepted A part of the collateral is accepted, a part rejected.
ACCT Accepted The claim, substitution, proposal is fully accepted.
REJT Rejected The claim, substitution, proposal is fully rejected.
SUBR Partly Accepted Party A agrees with the return part of the substitution and accepts to wait for
the proposal of the new collateral.
CODES
If Data Source Scheme is not present, and Qualifier is IPRC, Status Code must contain one of the following codes (Error
code(s): T19):
PACK Acknowledged/ The message has been acknowledged/accepted for further processing.
Accepted

REJT Rejected The message has been rejected for further processing.
CODES
If Data Source Scheme is not present, and Qualifier is CPRC, Status Code must contain one of the following codes (Error
code(s): T19):
CAND Cancellation The cancellation request has been completed.

Completed
CANP Cancellation The cancellation request is pending. It is not known at this time whether
Pending cancellation can be effected.
DEND Cancellation Denied The request for cancellation will not be effected.
PACK Cancellation The cancellation request has been accepted for further processing.
Accepted
REJT Cancellation The cancellation requested has been rejected for further processing.
Rejected
USAGE RULES
If Status is ACCP, the rejected collateral is specified in sequence B.
14. Field 24B: Reason

FORMAT
Option B :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Reason Code)
PRESENCE
Optional
QUALIFIER
1 O REJT N B Rejection Reason
or CAND N B Cancellation Reason
or DEND N B Denied Reason

DEFINITION
REJT Rejection Reason Reason for rejecting the linked message.
CAND Cancellation Reason Reason for cancelling the linked message.
DEND Denied Reason Reason cancellation request has been denied.
CODES
If Data Source Scheme is not present, and Qualifier is REJT, Reason Code must contain one of the following codes:
CONL Concentration Limit The claim, substitution, proposal is fully rejected as the concentration limit
Exceeded was exceeded.
CPTY Unknown The deal or exposure is unknown.

Deal/Exposure
DISC Disagree with Call The claim, proposal is fully rejected as Party A does not agree with the call
Amount amount.
DISE Disagree with Expo- The claim, proposal is fully rejected as Party A does not agree with the expo-
sure Amount sure amount.
ICOL Insufficient Collat- The substitution, proposal is fully rejected as there is insufficient collateral
eral proposed.
NARR Narrative Other (see narrative reason).
ULNK Unknown The message was not recognized-unknown linked reference.
CODES
If Data Source Scheme is not present, and Qualifier is CAND, Reason Code must contain one of the following codes:
CANI Cancelled by Your- The message has been cancelled as you requested.
selves
CANS Cancelled by The message has been cancelled by the system.

System

CODES
If Data Source Scheme is not present, and Qualifier is DEND, Reason Code must contain one of the following codes:
DCAN Denied since The cancellation request has been denied since the message has already been
already cancelled cancelled.
DPRG Denied since in The cancellation request been denied because processing of the message is in
progress progress.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O REAS N D Reason Narrative
DEFINITION
REAS Reason Narrative Further information on the reason in narrative form.
PACO Party Contact Narrative description of the contact unit or person with party A responsible for
Narrative the transaction.
USAGE RULES
The use of the field :70D::REAS will inhibit STP and is therefore not recommended except when field:24B::REJT in this
sequence is NARR.


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages

FORMAT
PRESENCE
Conditional (C12)
QUALIFIER
1 O LINK N C12 A Linked Transaction
DEFINITION

CODES
Number Id must contain the following code (Error code(s): T88):
503 Claim The message is a linked to a received claim.
504 Proposal The message is a linked to a received proposal.
505 Substitution The message is a linked to a received substitution request.
USAGE RULES

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M RELA N C13 C Related Reference
or PREV N C Previous Reference
DEFINITION
RELA Related Reference Reference of the linked message (claim, proposal or substitution) which was
previously received.


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER
DEFINITION
COLR Collateral Reference Reference assigned by the giver to unambiguously identify the piece of collat-
eral.

USAGE RULES
23. Field 22H: Indicator: Collateral Type Indicator

FORMAT
PRESENCE
QUALIFIER
DEFINITION
COLL Collateral Type Indicates the type of collateral.

Indicator
CODES

24. Field 25D: Status: Collateral Status

FORMAT
PRESENCE
QUALIFIER
1 M COLL N D Collateral Status
DEFINITION
COLL Collateral Status The status of the collateral specified in this occurrence of sequence B.
CODES
If Data Source Scheme is not present, Status Code must contain one of the following codes (Error code(s): T09):
ACCT Accepted The collateral specified is accepted.
REJT Rejected The collateral specified is rejected.
25. Field 24B: Reason: Rejection Reason

FORMAT
PRESENCE
Optional

QUALIFIER
1 O REJT N B Rejection Reason
DEFINITION
REJT Rejection Reason Reason for rejecting the collateral piece.
CODES
If Data Source Scheme is not present, Reason Code must contain one of the following codes:
CONL Concentration Limit The piece of collateral referred to in this occurrence is rejected as the concen-
Exceeded tration limit is exceeded with it.
INEL Ineligible Collateral The piece of collateral referred to in this occurrence is rejected as it is ineligi-
ble.
WBKG Wrong Bank The piece of collateral referred to in this occurrence is rejected as the wrong
Quoted bank is quoted on the bank guarantee or documentary credit.
WSET Wrong Settlement The piece of collateral referred to in this occurrence is rejected as the settle-
Parties ment parties are incorrect.
26. Field 70D: Narrative: Reason Narrative

FORMAT
PRESENCE
Optional in a conditional (C2) sequence
QUALIFIER

DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
SETTL General Settlement Details

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT

PRESENCE
QUALIFIER
DEFINITION

Indicator

Condition

cator
cator not.

Indicator
CODES
DVDS Delivery Against Delivery against delivery.

Delivery
DVPT Delivery Against Delivery against payment.

Payment
FOPT Delivery Free of Delivery free of payment.

Payment
CODES
FRCL Free Clean Settle- The delivery will be made free of payment but a clean payment order will be
ment sent.
KNOC Knocked out For derivatives an option or future which is knocked out (expired worthless).
NPAR Partial Settlement Partial settlement is not allowed.

Not Allowed
NSSP Standing Settlement The standing settlement parties have to be overridden.

Parties Override

SPCS Split Currency Settlement is in two different currencies.

Settlement
CODES
CUST Settling as a Custodian
SAGE Settling as an Agent
SPRI Settling as a Principal
CODES
NSTA For this settlement the transaction is exempt from stamp duty, when normally stamp duty is applicable
CODES
CODES

CODES
CODES
ARTI ARTIS (AT)
AVPS AVP (NZ)
BELS ELLIPS (BE)
BOFI BOF (FI)
BRLI BIREL (IT)
CHEC Cheque
DKCS DEBES (DK)
HSVP HSVP (HR)
IRIS IRIS (IE)

LVTS LVTS (CA)
NICS NICS (NO)
PNSF PNS (FR)
PVEV PVE (VE)
RIXS RIX (SE)
SAMO SAMOS (ZA)
SEPI SEPI (ES)
SITS SIT (SI)
SLBE SLBE (ES)
SPGT SPGT (PT)
TARG TARGET
TOPN TOP (NL)
USCH CHIPS (US)
USFW Fedwire (US)
VIBE VIBER (HU)
ZENG Zengin

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER
or DEAG N C4 P, Q or R Delivering Agent

or REAG N C4, C5 P, Q or R Receiving Agent
DEFINITION
BUYR Buyer

SELL Seller

CODES

Number
Number

Number
USAGE RULES

FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER

DEFINITION
Account
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER
DEFINITION

Condition

CODES
Override

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION
ACCW Account With Insti- Identifies the institution to which the payment is to be made in favour of the
tution beneficiary of money, if different from the Receiver. This may be a branch or
affiliate of the Receiver, or of the intermediary, or of the beneficiary institu-
tion, or an entirely different financial institution.
BENM Beneficiary of Identifies the party to be credited with the payment, when payment is to be
Money made to an institution different from the Receiver and identified as account
with institution.
tion
CODES

Number
Number

Number

code(s): C05).

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
SETLL General Settlement Details

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES

MT 508 Intra-Position Advice
MT 508 Scope
This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The
account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian
acting on behalf of an investment management institution or a broker/dealer.
This message is used to confirm the increase or decrease in securities with a given status within a holding, ie, intra-position
transfer.

MT 508 Intra-Position Advice
Name
----->
M 20C 4!c Reference (see qualifier descrip- :4!c//16x 2

tion)
-----|
M 23G Function of the 4!c[/4!c] 3

Message
Optional Subsequence A1 Linkages

tion

tion)
End of Subsequence A1 Linkages
Mandatory Sequence B Intra-Position Details

Name
M 16R Start of Block INPOSDET 10
M 97a SAFE Account Safekeeping Account A or B 11
M 36B ESTT Quantity of Finan- Quantity of Financial :4!c//4!c/15d 12

cial Instrument Instrument Settled
M 35B Identification of the [ISIN1!e12!c] 13

Financial Instrument [4*35x]
----->
M 98a 4!c Date/Time (see qualifier descrip- A or C 14

tion)
-----|
O 70E SPRO Narrative Settlement Instruction :4!c//10*35x 15

Processing Narrative
----->
M 93A 4!c Balance (see qualifier descrip- :4!c/[8c]/4!c 16

tion)
-----|
M 16S End of Block INPOSDET 17
End of Sequence B Intra-Position Details
Optional Sequence C Additional Information
M 16R Start of Block ADDINFO 18
----->
O 95a 4!c Party (see qualifier descrip- P, R or Q 19

tion)
-----|
M 16S End of Block ADDINFO 20
End of Sequence C Additional Information


C1
The ’Balance From’ must be different from the ’Balance To’. The Sub-Balance Type Code of field :93A::FROM must
be different from the Sub-Balance Type Code of field :93A::TOBA. This check applies to sequence B (Error code(s):
E81).
C2
be present, and a reference to the previous message must be specified in the Linkage section, ie, field :20C::PREV
must be present in that message (Error code(s): E08).
Sequence A Then subsequence A1 is... and field :20C::PREV in

if field :23G: is... subsequence A1 is...
CANC Mandatory Mandatory
MT 508 Usage Rules

This message must not be used to report the movement of securities out of or into a safekeeping account. It reports only
on movements that affect the status/availability of the security, ie, movements from one sub-balance to another or
intra-position transfers, within that safekeeping account.
This message should also be used when the account servicer confirms an intra-position instruction, ie, following an MT
524.
In case of blocking of shares, depending on your internal processing method, you can use either an MT 566 Corporate
Action Confirmation or an MT 508 Intra-Position Advice. The MT 566 is to be used when the securities safekeeping
account is debited and another securities safekeeping account is credited. The MT 508 is to be used when the securities
remain in the same securities safekeeping account but are given a blocked status.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION

CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 O CORP N C Corporate Action Reference
DEFINITION
CORP Corporate Action Reference assigned by the account servicer to unambiguously identify a CA
Reference event.

FORMAT

PRESENCE
Mandatory
DEFINITION
CODES
CANC Cancellation This is a request to cancel a previously sent advice.
NEWM New This is a new advice.
CODES
owner/account servicer, for information purposes and the message is a dupli-
cate of a message previously sent.

USAGE RULES

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION
PREP Preparation Date/time at which message was prepared.

Date/Time

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
1 M PREV N C2 C Previous Reference
or POOL N C Pool Reference

DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
INPOSDET Intra-Position Details.

FORMAT

(Account Number)
PRESENCE
Mandatory
QUALIFIER

1 M SAFE N A, B Safekeeping Account
DEFINITION
SAFE Safekeeping Safekeeping account that holds the securities.

Account
CODES
FUNG Fungibility The securities held in the account are fungible.
NFUN No Fungibility The securities held in the account are not fungible.
12. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument

Settled
FORMAT
PRESENCE
Mandatory

QUALIFIER
1 M ESTT N B Quantity of Financial Instrument Settled
DEFINITION
ESTT Quantity of Finan- Quantity of financial instrument moved from one sub-balance to another
cial Instrument sub-balance.
Settled
CODES
The integer part of Quantity must contain at least one digit. A decimal comma ’,’ is mandatory and is included in the

FORMAT

PRESENCE
Mandatory
DEFINITION

USAGE RULES

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 O AVAL N A, C Available Date/Time
2 M SETT N A, C Settlement Date/Time
DEFINITION

AVAL Available Date/time securities become available for sale (if securities become unavail-
Date/Time able, this specifies the date at which they will become available again).
SETT Settlement Date/time on which the securities have been moved.

Date/Time
15. Field 70E: Narrative: Settlement Instruction Processing Narrative

FORMAT
PRESENCE
Optional
QUALIFIER
1 O SPRO N E Settlement Instruction Processing Narrative
DEFINITION
SPRO Settlement Instruc- Details of the settlement process not included within structured fields of this
tion Processing message.
Narrative
16. Field 93A: Balance

FORMAT
Option A :4!c/[8c]/4!c (Qualifier) (Data Source Scheme) (Sub-Balance Type Code)

PRESENCE
Mandatory
QUALIFIER
1 M FROM N C1 A Balance From
2 M TOBA N C1 A Balance To
DEFINITION
FROM Balance From Type of balance from which the securities are moving.
TOBA Balance To Type of balance to which the securities are moving.
CODES
If Data Source Scheme is not present, Sub-Balance Type Code must contain one of the following codes:
AVAI Available Securities are available for any purpose.

Sub-balance
BLOC Blocked Sub-balance of securities that are blocked or unavailable for sale.
Sub-balance
BORR Borrowed Sub-balance of securities that have been borrowed from another party.
Sub-balance
CLEN Clean Sub-balance Sub-balance of clean, tax exempt, status bonds (i.e. Japanese government
bonds).
COLI Collateral In Sub-balance of securities deposited with the account owner, for the purpose of
Sub-balance collateralisation, that belong to a third party.
COLO Collateral Out Sub-balance of securities with a third party, for the purpose of collateralisation,
Sub-balance that belong to the account owner.
DIRT Dirty Sub-balance Sub-balance of dirty, non tax exempt, status bonds (i.e. Japanese government
bonds).
DRAW Drawn Sub-balance of securities that are drawn.
LOAN Loan Out Sub-balance of securities that have been loaned-out to a third party.
Sub-balance

MARG Derivatives Margin Sub-balance of securities that are used as collateral for derivatives.
Sub-balance
NOMI In Nominee Name Sub-balance of securities that are registered in the name of a nominee.
Sub-balance
OTHR Other Sub-balance Other sub-balance type of securities. Defined in the narrative field.
PECA Pending Corporate Sub-balance of securities that are involved in a CA, eg, stock split, redemption,
Action Sub-balance merger.
PLED Pledged Sub-balance of securities that are pledged or used as collateral for cash, eg,
Sub-balance customer loan, secured credit line.
RGIS Registration Sub-balance of securities that are out for registration (including redenomina-
Sub-balance tion).
RSTR Restricted Sub-balance of securities that may only be sold under certain conditions or
Sub-balance require legal documents.
STRE In Street Name Sub-balance of securities that remain registered in the street name, eg, the prior
Sub-balance beneficial owner of securities.
TRSH Transshipment Sub-balance of securities that are, eg, being moved from one custody location
Sub-balance to another, being re-aligned between depositories.
UNRG Unregistered Sub-balance of securities that are unregistered due to foreign ownership limita-
Sub-balance tion.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
INPOSDET Intra-Position Details.


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
ADDINFO Additional Information.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O MEOR N P, Q, R Originator of Message
2 O MERE N P, Q, R Recipient of Message
DEFINITION

MEOR Originator of Party which originated the message if other than the Sender, eg, the originator
Message may not have access to a network, and therefore must use a Sender to transmit
a message.
MERE Recipient of Party which is the final destination of the message, if different from the
Message Receiver, eg, when the message is being sent as a copy, this field may show
the original receiver.
BIC specifies the Bank Identifier Code. BEI specifies the Business Entity Identifier.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
ADDINFO Additional Information.

MT 509 Trade Status Message
MT 509 Scope
This message is sent by an instructing party or its authorised representative to an executing party or by an executing party to
the instructing party or its authorised representative. It may also be sent by an instructing party to its custodian to inform of
an update in the trade status of a previously sent settlement instruction.
advise the status of a trade

advise the status of a replacement request
advise the status of a cancellation request.
provide a third party with a copy of the status message being sent
cancel a previously sent trade status message
reject a received trade status message.
This message may be sent directly or through an ETC service provider between the parties to the deal, or by an ETC service
provider.

MT 509 Trade Status Message
Status Tag Qualifier Generic Field Detailed Field Name Content/ Options No.
Name

tion
-----> Repetitive Mandatory Subsequence A2 Status

Name
M 16R Start of Block STAT 9
M 25D 4!c Status Code (see qualifier description) :4!c/[8c]/4!c 10
-----> Repetitive Optional Subsequence A2a Reason
M 16R Start of Block REAS 11
M 24B 4!c Reason Code (see qualifier description) :4!c/[8c]/4!c 12
M 16S End of Block REAS 14
-----| End of Optional Subsequence A2a Reason
M 16S End of Block STAT 15
-----| End of Mandatory Subsequence A2 Status
Optional Sequence B Trade Details
M 16R Start of Block TRADE 17
----->
O 98a 4!c Date/Time (see qualifier description) A, B or C 18
-----|
----->
-----|
----->
-----|
----->

Name

cial Instrument
-----|
M 36B TRAD Quantity of Finan- Trade Quantity of Finan- :4!c//4!c/15d 22

cial Instrument cial Instrument
M 35B Identification of the [ISIN1!e12!c] 24 23

M 16S End of Block TRADE 25 24
End of Sequence B Trade Details

C1
Within each occurrence of subsequence A2a, the qualifier in field 24B must be the same as the code word (Status
Code) used with the appropriate qualifier in field 25D of its surrounding subsequence A2 (Error code(s): E37).
In each occurrence of Subseq. A2 Status
In each occurrence of Subseq. A2a Reason then in Subseq. A2 Status

(if present) field :25D:: must be... (*)
if field 24B:: is...
:24B::REJT :25D::CPRC//REJT or
:25D::IPRC//REJT or
:25D::RPRC//REJT
:24B::NMAT :25D::MTCH//NMAT
:24B::NAFI :25D::AFFM//NAFI
(*) if the Data Source Scheme is present in field :25D:: then the conditional rule does not apply.
C2
In sequence B, either a quantity (field :36B::) or an amount (field :19A::) must be present, but not both (Error code(s):
E58).

if field :36B:: is... then field :19A:: is...
Present Not allowed
(*) if the Data Source Scheme is present in field :25D:: then the conditional rule does not apply.
MT 509 Usage Rules

When the message is used to advise the status of a cancellation of an MT 502 Order to Buy or Sell, 513 Client Advice
of Execution, 514 Trade Allocation Instruction, 515 Client Confirmation of Purchase or Sale, or 518 Market-Side
Securities Trade Confirmation, Field 20C Reference in subsequence A1 Linkages must contain the reference of the
cancellation request.
When the message is used to advise the status of a replacement of an MT 502 Order to Buy or Sell, Field 20C Refer-
ence in subsequence A1 Linkages must contain the reference of the replacement request.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CAST The message provides the status of the Receiver’s cancellation request.
INST The message provides the status of the Receiver’s transaction.
REST The message provides the status of the Receiver’s replacement request.

CODES
When present, Sub-function must contain one of the following codes:
USAGE RULES
To reply to a cancellation request, Function is CAST. The reference in the linkage sequence must contain the Receiver’s
reference of the cancellation request.
To provide the status of a transaction, Function is INST. The reference in the linkage sequence must contain the Receiver’s
reference of the transaction (original instruction).
To provide the status of a replacement request, Function is REST. The reference in the linkage sequence must contain the
Receiver’s reference of the replacement request.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
USAGE RULES
Number Id specifies the MT number of the linked transaction.

FORMAT
PRESENCE
QUALIFIER
or TRRF N C Deal Reference
or COMM N C Common Reference

DEFINITION
BASK Basket reference which identifies a basket trade.
TRRF Reference assigned to the trade by the Investment Manager OR the Broker/Dealer. This reference will
be used throughout the trade life cycle to access/update the trade details.
COMM Unique Reference agreed upon by the Investment Manager AND the Broker/Dealer to identify the
trade. This reference should be passed down and up the whole life cycle of the transaction.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
STAT Status.
10. Field 25D: Status Code

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M CPRC N D Cancellation Processing Status
or MTCH N D Matching Status
or AFFM N D Affirmation Status
or RPRC N D Replacement Processing Status

DEFINITION
CPRC This message contains a status of a cancellation request initiated by an instructing party.
IPRC This message contains a status (pending, rejected, cancelled, etc) of an instruction.
MTCH This message specifies a matching status.
AFFM This message specifies an affirmation status.
RPRC This message specifies a status of the replacement request. In reply to a message with replacement
(REPL) as function of the message (MT502).
CODES
If Data Source Scheme is not present and Qualifier is CPRC, Status Code must contain one of the following codes:
CAND The cancellation request previously received from you has been completed.
CANP The cancellation request previously received from you is pending. It is not known at this time whether
cancellation can be effected.
DEND The request for cancellation previously received from you will not be executed.
EXCH The cancellation request previously received from you has been received at the stock exchange.
INTE The cancellation request previously received from you has been received at intermediary (if not stock
exchange).
PACK The cancellation request previously received from you has been accepted for further processing by the
account servicer (technical receipt). processing.
PARF The order is partially filled, cancellation processing accepted for the remaining.
REJT The cancellation requested has been rejected for further processing.
REPR The cancellation request previously received from you is in repair.
CODES
If Data Source Scheme is not present and Qualifier is IPRC, Status Code must contain one of the following codes:
CAN1 A cancellation request for this instruction is pending; only one side has been input and a cancellation
request has been sent (for matching system only).
CAN2 The instruction is pending cancellation; both sides have been input, the trade has not yet been
matched, and one side has sent a cancellation request (for matching system only).

CAN3 The instruction is pending cancellation; both sides have been input, the trade is matched, and one side
has sent a cancellation request (for matching system only).
CAND The instruction has been cancelled.
CANO The instruction has been cancelled by another party than the instructing party, e.g. market infrastruc-
ture such as a Stock Exchange.
COSE The order is fully executed and the confirmation is sent.
DONE The order has been partially filled, and is done for the day, ie, no further executions will take place
today.
DONF The order has been partially filled and will not be filled further.
EXCH The order has been received at the stock exchange.
EXSE The order is fully executed and the execution is sent.
INTE The order has been received at intermediary (if not stock exchange).
NOTC The instruction cannot be cancelled as it has already been matched and affirmed (for matching system
only).
OPOD The order is open.
OVER The quantity of financial instrument of the block trade has been over-allocated.
PACK The instruction has been acknowledged/accepted for further processing by the account servicer (tech-
nical receipt). processing.
PAFI The order has been partially filled and the remaining securities are warehoused.
PART The order has been partially cancelled as requested.
REJT The instruction has been rejected for further processing.
REPR The instruction is in repair.
SESE An MT 528 ETC Client-Side Settlement Instruction or MT 529 ETC Market-Side Settlement Instruc-
tion has been sent to your custodian.
SUSP The instruction is pending because trading is suspended by the stock exchange.
UNDE The quantity of financial instrument of the block trade has been under-allocated.
CODES
If Data Source Scheme is not present and Qualifier is MTCH, Status Code must contain one of the following codes:
MACH The instruction has been matched.
NMAT The instruction has not been matched.

CODES
If Data Source Scheme is not present and Qualifier is AFFM, Status Code must contain one of the following codes:
AFFI The confirmation has been affirmed.
NAFI The confirmation has not been affirmed.
CODES
If Data Source Scheme is not present and Qualifier is RPRC, Status Code must contain one of the following codes:
DEND The replacement request cannot be executed.
EXCH The replacement request has been received at the stock exchange.
INTE The replacement request has been received at intermediary (if not stock exchange).
PACK The replacement request has been accepted for further processing by the account servicer (technical
receipt).
PART The order is partially filled, replacement processing accepted for the remaining.
PEND The replacement request is pending.
REJT The replacement has been rejected for further processing.
REPL The replacement request has been completed.
REPR The replacement request is in repair.
DEND The replacement request cannot be executed.
PACK The replacement request has been accepted for further processing.
PEND The replacement request is pending.
REJT The replacement has been rejected for further processing.
REPL The replacement request has been completed.

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
REAS Reason.
12. Field 24B: Reason Code

FORMAT
PRESENCE
QUALIFIER
1 M REJT N C1 B Rejection Reason
or NMAT N C1 B Unmatched Reason
or NAFI N C1 B Unaffirmed Reason
DEFINITION
This qualified generic field specifies the reason why the instruction identified in the message has the status specified in the
status code field. It specifies:
REJT Reason the related instruction has a processing status rejected.
NMAT Reason the related instruction has a matching status unmatched.
NAFI Reason the related instruction has an affirmation status unaffirmed.

CODES
If Data Source Scheme is not present and Qualifier is REJT, Reason Code must contain the following code:
BATC Unrecognised or invalid Processing Batch (i.e. daytime/realtime while only possible to settle in
overnight batch).
BUSE Unrecognised or invalid type of order.
CADE Unrecognised or invalid repurchase call delay.
CASH Unrecognised or invalid cash account.
CASY Impossible standing arrangements override instruction for the cash settlement system.
CUTO The instruction is rejected. Cut-off time has been exceeded.
DDAT Unrecognised or invalid settlement date (i.e. date is not a settlement date for the instructed market,
settlement date is too old...).
DDEA Unrecognised or invalid deal price.
DEPT Unrecognised or invalid Place of Settlement.
DMON Unrecognised or invalid settlement amount.
DQUA Unrecognised or invalid settlement quantity.
DSEC Unrecognised or invalid financial instrument identification (i.e. invalid ISIN, security not eligible at
the instructed market...).
DTRD Unrecognised or invalid trade date.
FORF Unrecognised or invalid forfeit repurchase amount.
ICAG Unrecognised or invalid receiving or delivering agent.
ICUS Unrecognised or invalid receiving or delivering custodian.
IEXE Unrecognised or invalid buyer or seller.
IIND Unrecognised, invalid or missing Common Reference.
INNA Unrecognised or invalid SLA agreed narrative information.
LATE The instruction has been rejected for further processing as your instruction is too late for the settle-
ment date specified.
NARR Other (see narrative reason).
NCRR Unrecognised or invalid settlement amount currency.
NRGM The cancellation request has been rejected since more than one instruction match to the cancellation
criteria.

NRGN The cancellation request has been rejected since the instruction could not be found.
PHYS Physical settlement is impossible for the instructed financial instrument.
PLCE Unrecognised or invalid place of trade.
REFE The instruction has been rejected because the reference must be unique.
REPA Unrecognised or invalid repurchase amount.
REPO Unrecognised or invalid repurchase rate.
REPP Unrecognised or invalid repurchase premium amount.
TERM Unrecognised or invalid closing date/time.
RERT Unrecognised or invalid repurchase rate type.
RSPR Unrecognised or invalid repurchase spread rate.
RTGS Impossible standing arrangements override instruction. It is not possible to use the RTGS system
instructed (NRTG or YRTG).
SAFE Unrecognised or invalid message sender’s safekeeping account.
SETR Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes
available for sequence E field 22F, qualifier SETR).
ULNK The message was not recognised - unknown linked reference.
VASU Unrecognised or invalid variable rate support (repo).
CODES
If Data Source Scheme is not present and Qualifier is NMAT, Reason Code must contain one of the following codes:
CADE Repurchase call delay does not match.
CHAR Charges amount does not match.
CMIS No potential match has been found.
CPCA Your instruction is unmatched. Your counterparty has cancelled their instruction.
DDAT Settlement date does not match.
DDEA Deal price does not match.
DEAL Deal amount does not match.
DELN Sense of transaction does not match (delivery instead of receipt or vice versa).

DEPT Place of settlement does not match.
DMON Settlement amount does not match.
DQUA Quantity of financial instrument does not match.
DSEC Financial instrument identification does not match (i.e. ISIN differs, Financial Instrument Attributes
differs...).
DTRD Trade date does not match.
EXEC Executing broker’s commission does not match.
FORF Forfeit repurchase amount does not match.
LATE The instruction has not been matched. Your instruction was too late for matching.
MCAN The corresponding matching record has been cancelled.
NARR Other (see narrative reason).
PHYS The instruction has not been matched. The counterparty is for physical settlement, your instruction is
not, or vice versa.
PLCE Place of trade does not match.
PODU The instruction has not been matched. It is a possible duplicate instruction.
REPA Repurchase amount does not match.
REPO Repurchase rate does not match.
REPP Repurchase premium amount does not match.
TERM Closing date/time does not match.
RERT Repurchase rate type does not match.
RSPR Repurchase spread rate does not match.
RTGS The instruction has not been matched. The counterparty is for RTGS settlement system, you are for
non-RTGS, or vice versa.
SAFE The safekeeping account used as matching criteria on the market concerned (buyer/seller’s account,
direct client’s account at the receiving/delivering agent, receiving or delivering agent’s account at the
CSD) does not match.
SETR Settlement transaction type does not match (relates to the settlement transaction type codes available
for sequence E field 22F, qualifier SETR).
VASU Variable rate support does not match (repo).

CODES
If Data Source Scheme is not present and Qualifier is NAFI, Reason Code must contain the following code:
NAFF Counterparty has not affirmed.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
REAS Further information on the reason in narrative form.

FORMAT
Option S 16c
PRESENCE
DEFINITION

CODES
REAS Reason.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
STAT Status.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
TRADE Trade Details.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O SETT N A, B or C Settlement Date/Time
2 O TRAD N A, B or C Trade Date/Time
DEFINITION
SETT Date/time of settlement.

TRAD Date/Time of trade.
CODES
If Data Source Scheme is not present and Qualifier is SETT, Date Code must contain one of the following codes:
CODES
If Data Source Scheme is not present and Qualifier is TRAD, Date Code must contain the following code:
VARI Partial trades have occurred over a period of two or more days.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT

PRESENCE
QUALIFIER
1 M BUSE N H Buy/Sell Indicator
2 O PROC R F Processing Indicator
3 O RPOR N F Reporting Indicator
DEFINITION
PROC Processing indicator.

RPOR Reporting indicator.
PRIR Priority indicator.
SETG Settlement instruction generation indicator.
CODES
BUYI Buy.
IPOO IPO order.
SELL Sell.
BUYI Buy.
SELL Sell.
CODES

CODES
EXCH The trade details are to be reported to a stock exchange. This stock exchange is identified in the other
parties sequence.
identified in the other parties sequence.
CODES
CODES
GENS This field specifies if the ETC service provider is to generate an MT 528 or 529.
NOGE This field specifies if the ETC service provider is not to generate an MT 528 nor 529 where a previous
CODES
FREE Free.

FORMAT

(Account Number)
PRESENCE
Optional

QUALIFIER
DEFINITION
CODES

FORMAT
PRESENCE
Conditional (C2)

QUALIFIER
1 O AFCA N C2 A Cancelled Amount
2 O CANC N C2 A Requested To Be Cancelled Amount
3 O ORDR N C2 A Original Ordered Amount
4 O PREX N C2 A Executed Amount
5 O REMA N C2 A Replaced Amount
6 O REPL N C2 A Requested To Be Replaced Amount
DEFINITION
AFCA The cash amount effectively cancelled (for CPRC status only).
CANC The cash amount requested to be cancelled (for CPRC Status only).
ORDR The cash amount originally instructed to derive the appropriate quantity of financial instruments to be
bought or sold.
PREX The cash amount already executed (for CPRC and RPRC Status only).
REMA The cash amount effectively replaced (For RPRC status only).
REPL The cash amount requested to be replaced (for RPRC Status only).
code(s): C03, T40, T43).
USAGE RULES
In case a market order is identified as an amount (ie, a cash amount to be invested), then this field and its qualifier must be
used. Consequently, the quantity cannot be specified.

The Executing Party needs to place an order which meets as close as possible the amount specified in this field 19A.
In the confirmation message sent by the Executing Party when the order has been filled, the actual quantity and price must
be specified.
23. Field 36B: Quantity of Financial Instrument: Trade Quantity of Financial Instrument
FORMAT
PRESENCE
Conditional (C2) Mandatory in an optional sequence
QUALIFIER
1 O AFCA N C2 B Cancelled Quantity
2 O CANC N C2 B Requested To Be Cancelled Quantity
3 O ORDR N C2 B Original Ordered Quantity
4 O PREX N C2 B Executed Quantity
5 O REMA N C2 B Replaced Quantity
6 O REPL N C2 B Requested To Be Replaced Quantity
1 M TRAD N B Trade Quantity
DEFINITION
AFCA Quantity of the financial instrument effectively cancelled (for CPRC status only).
CANC Quantity of the financial instrument requested to be cancelled (for CPRC Status only).
ORDR Quantity of the financial instrument originally ordered.
PREX Quantity of the financial instrument already executed (for CPRC and RPRC Status only).

REMA Quantity of the financial instrument effectively replaced (For RPRC status only).
REPL Quantity of the financial instrument requested to be replaced (for RPRC Status only).
TRAD Quantity of the financial instrument of the underlying instruction.
CODES
principal amount.

FORMAT

PRESENCE
DEFINITION

USAGE RULES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
TRADE Trade Details.

MT SWIFTStandards - Category 5 Volume 1
MT 510 Registration Status and Processing Advice
MT 510 Scope
This message is sent by an account servicer (account servicing Institution) to an account. The account owner may be a
global custodian which has an account with its local agent (sub custodian), a local agent (sub custodian) which has an
account with its clearing agent or registration provider, a financial institution which has an account with its local agent (sub
custodian).
advise the status of a registration instruction or modification previously sent by the account owner (the function of the
message is INST),
advise the status of the registration process (the function of the message is REGT),
reply to a cancellation request previously sent by the account owner (the function of the message is CAST).

MT 510 Registration Status and Processing Advice
Name

tion

tion)

-----> Repetitive Mandatory Subsequence A2 Status
M 16R Start of Block STAT 9
M 25D 4!c Status (see qualifier descrip- :4!c/[8c]/4!c 10

tion)

SWIFTStandards - Category 5 Volume 1 MT
Name
-----> Repetitive Optional Subsequence A2a Reason
M 16R Start of Block REAS 11
M 24B 4!c Reason (see qualifier descrip- :4!c/[8c]/4!c 12

tion)
M 16S End of Block REAS 14
-----| End of Subsequence A2a Reason
M 16S End of Block STAT 15
-----| End of Subsequence A2 Status

Optional Sequence B Registration Details
----->
O 20D 4!c Reference (see qualifier descrip- :4!c//25x 18

tion)
-----|
----->
O 95a 4!c Party (see qualifier descrip- P, R, S or U 19

tion)
-----|
----->
O 94a 4!c Place (see qualifier descrip- C, D or G 20

tion)
-----|
----->
O 13B 4!c Number Identifica- (see qualifier descrip- :4!c/[8c]/30x 21

tion tion)
-----|

Name
----->
O 98a 4!c Date/Time (see qualifier descrip- A or C 22

tion)
-----|
O 35B Identification of the [ISIN1!e12!c] 23

O 36B QREG Quantity of Finan- Quantity of Financial :4!c//4!c/15d 24

cial Instrument Instrument Registered
O 97A SAFE Account Safekeeping Account :4!c//35x 25

There are no network validated rules for this message type.
MT 510 Usage Rules

When the message is used to advise the status of a cancellation of an MT 500 Instruction to Register, an MT 519 Modi-
fication of Client Details, field 20C Reference in subsequence A1 Linkages must contain the reference of the cancella-
tion request.
When the message is used to advise the status of an instruction of an MT 500 Instruction to Register, an MT 519 Modi-
fication of client details, field 20C Reference in subsequence A1 Linkages must contain the reference of the instruction
or modification.
The message can also be used to advise the status of the registration processing.

FORMAT
Option R 16c

PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CAST Cancellation Request This message gives the status of the Receiver’s cancellation request.
Status
INST Instruction Transac- This message gives the status of the Receiver’s instruction transaction
tion Status status.
REGT Registration Process- This message gives the status of the registration processing at the
ing Status issuer/registrar.
CODES
duplicate of a message previously.
DUPL Duplicate This message is for information/confirmation purposes. It is a duplicate of

a message previously sent.
USAGE RULES
To reply to a cancellation request, Function is CAST. The reference in the linkages sequence must contain the Receiver’s
reference of the cancellation request.
To give the status of a transaction, Function is INST. The reference in the linkages sequence must contain the Receiver’s
reference of the transaction (original instruction or modification).


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION

CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
Mandatory

QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
STAT Status.
10. Field 25D: Status

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M CPRC N D Cancellation Processing Status
or RERC N D Registration Processing Status
DEFINITION
CPRC Cancellation This field specifies the status of a cancellation request.

Processing Status

IPRC Instruction Process- This field specifies the status of an instruction.

ing Status
RERC Registration This field specifies the status of registration processing.

Processing Status
CODES
If Qualifier is CPRC and Data Source Scheme is not present, Status Code must contain one of the following codes:
CAND Cancellation The cancellation request has been completed.

Completed
CANP Pending Cancella- The cancellation request is pending. It is not known at this time whether
tion cancellation can be affected.
DEND Denied The request for cancellation will not be affected.
PACK Accepted The cancellation request has been accepted for further processing.
REJT Rejected The cancellation request has been rejected for further processing.
CODES
If Qualifier is IPRC and Data Source Scheme is not present, Status Code must contain one of the following codes:
CAND Cancelled The instruction has been cancelled.
CANP Pending Cancella- A cancellation request from yourself for this instruction is pending waiting for
tion further processing.
NOTC No cancellation The instruction can not be cancelled because the issuer/registrar has already
started the registration.
PACK Acknowledged/ The instruction has been acknowledged/accepted for further processing.
Accepted
REJT Rejected The instruction has been rejected for further processing.
CODES
If Qualifier is RERC and Data Source Scheme is not present, Status Code must contain one of the following codes:
PACK Acknowledged/ Registration has been acknowledged/accepted by the issuer/registrar.

Accepted
REJT Rejected Registration has been rejected by the issuer/registrar.


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
REAS Reason.
12. Field 24B: Reason

FORMAT
PRESENCE
QUALIFIER
1 M CAND N B Cancellation Reason
or DEND N B Denied Reason
or REJT N B Rejection Reason
or PACK N B Acknowledged/Accepted Reason

DEFINITION
CAND Cancellation Reason Reason instruction was cancelled.
DEND Denied Reason Reason cancellation request has been denied.
PACK Acknowledged/Accepted Registration has been acknowledged/accepted by the issuer/registrar.
REJT Rejection Reason Reason related instruction has a rejected processing status.
CODES
If Qualifier is CAND and Data Source Scheme is not present, Reason Code must contain one of the following codes:
CANI Cancelled By Your- The instruction has been cancelled as you requested.
selves
CANS Cancelled By The instruction has been cancelled by the system.

System
CREG Cancelled by The instruction has been cancelled by the issuer/registrar.

issuer/registrar
CODES
If Qualifier is DEND and Data Source Scheme is not present, Reason Code must contain one of the following codes:
DCAN Denied Since The cancellation request has been denied since the instruction has already been
Already Cancelled cancelled.
DPRG Denied Since in The cancellation request has been denied because the process of registration is
Progress in progress.
CODES
If Qualifier is PACK and Data Source Scheme is not present, Reason Code must contain one of the following codes:
RQWV Accepted Without The instruction registration is accepted but the registration is not in full, ie, not
Voting Rights with voting rights.

CODES
If Qualifier is REJT and Data Source Scheme is not present, Reason Code must contain one of the following codes:
BPAR Disagreement Busi- Unrecognised or invalid Business Partner Number.

ness Partner
Number
BREF Disagreement Bank Unrecognised or invalid Bank Reference Number.

Reference Number
DADR Disagreement in The address details are incorrect or can not be recognised, eg, unknown city,
address details postal code, etc.
DORD Disagreement Disagreement between the data on the registration request and the order.
Registration
Request Data and
Order
DQUA Disagreement on Unrecognised or invalid quantity of financial instrument.

Quantity
DSEC Disagreement Secu- Unrecognised or invalid financial instrument identification.

rity
LATE Too Late The instruction has been rejected for further processing as your instruction is
too late for the requested registration date specified.
MCER Missing Certificate Missing certificate.
MLEG Missing Legal Missing legal power for transfer.

Power
NARR Narrative Other (see reason narrative).
NRGN Not Found The cancellation has been rejected since the instruction could not be found.
OWNT Disagreement in The type of ownership indicated is not correct.

type of ownership
REQM Missing Registra- The registration request to be completed by the buyer and to be forwarded to
tion Request the issuer is missing.
REQW Wrong Registration The registration request to be completed by the buyer and to be forwarded to
Request the issuer is wrong. You have used the registration request of a different
issuer/registrar.
RREA Disagreement in The registration reason indicated is not correct.

registration reason
SAFE Disagreement Safe- Unrecognised or invalid safekeeping account.

keeping Account
SHAR Disagreement Unrecognised or invalid Shareholder Number.

Shareholder
Number

SIGN Invalid Signature The registration request does not have a valid signature of the owner of the
financial instrument.
STAM Not Stamped or The financial instrument is not ceded (stamped and/or duly signed).
Signed
STAT Missing Statutes Missing statutes or commercial register or other legal documents.
USAGE RULES
The qualifier of the reason code should be in line with the code used for the status in field 25D, eg,
:25D::IPRC//REJT
:24B::REJT//BPAR

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES
REAS Reason.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
STAT Status.

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER
1 O BREF N D Bank Reference Number

DEFINITION
BPAR Business Partner Identifies a financial institution with a clearing agent.

Number Participant Number.
SHAR Shareholder Number Identifies an investor or shareholder with the issuer, or the registration
provider.

FORMAT

PRESENCE
Optional
QUALIFIER
or NOMI N P, R, U Nominee

DEFINITION
tion
NOMI Nominee Identification of the nominee.
BIC specifies the Bank Identifier Code. BEI specifies the Business Entity Identifier.

FORMAT

PRESENCE
Optional

QUALIFIER
2 O CITY N D City
DEFINITION
ADDR Address Address of the beneficial owner, nominee or trustee.
CITY City City or town.
DOMI Country of Domi- Country of domicile.

cile
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
SNUM Street number.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O RMOD N A, C Requested Modification Date

2 O RREG N A, C Requested Registration Date
DEFINITION
RMOD Requested Modifica- Date/time at which the registration details are to be modified.
tion Date
RREG Requested Registra- Date/time at which the financial instruments are to be registered.
tion Date

FORMAT

PRESENCE
Optional
DEFINITION
USAGE RULES

24. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument to be

Registered
FORMAT
PRESENCE
Optional
QUALIFIER
1 O QREG N B Quantity of Financial Instrument to be Registered
DEFINITION
QREG Quantity of Financial Total quantity of financial instrument to be registered.

Instrument to be
Registered
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
1 O SAFE N A Safekeeping Account
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

MT 513 Client Advice Of Execution
MT 513 Scope
This message type is sent by the executing party, eg, the broker-dealer, to an instructing party, eg, an institution, or its
authorised representative. It may also be sent by a point of execution to the party which had previously submitted an order
to buy or sell.
This message is used to provide the instructing party with brief and early information about a deal executed at its instruc-
tion. This advice applies to a deal that cannot yet be fully confirmed, for example, because it is a block trade which is to be
allocated.
This message may also be used to:
request the cancellation of a previously sent advice of execution

re-send an advice of execution previously sent
provide a third party with a copy of the message (be it the advice of execution or request for cancellation) being sent.
This message may be sent directly or via an ETC service provider between the parties to the deal. It must not be sent to a
custodian.

MT 513 Client Advice of Execution
Name
M 22F TRTR Indicator Trade Transaction Type :4!c/[8c]/4!c 5

Indicator

tion

tion)

Name

Optional Sequence B Partial Fill and/or Recap Details
M 16R Start of Block RCAP 11
-----> Repetitive Optional Subsequence B1 Partial Fill Details
M 16R Start of Block PAFILL 12
M 36B PAFI Quantity of Finan- Quantity of Financial :4!c//4!c/15d 13

cial Instrument Instrument Partially
Filled
M 90a DEAL Price Deal Price A or B 14
O 98a TRAD Date/Time Trade Date/Time A, B or C 16
M 16S End of Block PAFILL 18
-----| End of Optional Subsequence B1 Partial Fill Details
----->
M 36B 4!c Quantity of Finan- (see qualifier descrip- :4!c//4!c/15d 19

cial Instrument tion)
-----|
M 16S End of Block RCAP 20
End of Sequence B Partial Fill and/or Recap Details
Mandatory Sequence C Order Details
M 16R Start of Block ORDRDET 21
----->
M 98a 4!c Date/Time (see qualifier descrip- A, B or C 22

tion)
-----|
----->

Name
M 90a 4!c Price (see qualifier descrip- A or B 23

tion)
-----|
----->
O 92A 4!c Rate (see qualifier descrip- :4!c//[N]15d 24

tion)
-----|
----->
O 99A 4!c Number Count (see qualifier descrip- :4!c//[N]3!n 25

tion)
-----|
----->
O 94a 4!c Place (see qualifier descrip- B of F 26

tion)
-----|
O 19A SETT Amount Settlement Amount :4!c//[N]3!a15d 27
----->
M 22a 4!c Indicator (see qualifier descrip- F or H 28

tion)
-----|
O 11A 4!c Currency (see qualifier descrip- :4!c//3!a 29

tion)
-----> Repetitive Mandatory Subsequence C1 Confirmation Parties
M 16R Start of Block CONFPRTY 30
----->
M 95a 4!c Party (see qualifier descrip- P, Q, R or S 31

tion)
-----|
----->

Name
O 97a 4!c Account (see qualifier descrip- A or B 32

tion)
-----|
----->
O 70a 4!c Narrative (see qualifier descrip- C, D or E 35

tion)
-----|
M 16S End of Block CONFPRTY 37
-----| End of Mandatory Subsequence C1 Confirmation Parties
M 36B ADVI Quantity of Finan- Quantity of Financial :4!c//4!c/15d 38

cial Instrument Instrument Advised

Optional Subsequence C2 Financial Instrument Attributes
----->
O 22F 4!c Indicator (see qualifier descrip- :4!c/[8c]/4!c 41

tion)
-----|
----->
O 12a 4!c Type of Financial (see qualifier descrip- A, C or B 42

Instrument tion)
-----|
O 11A DENO Currency Currency of Denomina- :4!c//3!a 43

tion
----->

Name
O 98A 4!c Date/Time (see qualifier descrip- :4!c//8!n 44

tion)
-----|
----->

tion)
-----|
----->
O 13a 4!c Number Identifica- (see qualifier descrip- A or B 46

tion tion)
-----|
----->
O 17B 4!c Flag (see qualifier descrip- :4!c//1!a 47

tion)
-----|
----->
O 90a 4!c Price (see qualifier descrip- A or B 48

tion)
-----|
----->
O 36B 4!c Quantity of Finan- (see qualifier descrip- :4!c//4!c/15d 49

-----|

Attribute Narrative
End of Optional Subsequence C2 Financial Instrument Attributes

----->

tion
------|
O 70E TPRO Narrative Trade Instruction :4!c//10*35x 53

M 16S End of Block ORDRDET 54

Name
End of Sequence C Order Details

----->
M 22F 4!c Indicator (see qualifier descrip- :4!c/[8c]/4!c 56

tion)
-----|
----->

tion)
-----|

tion) 58
-----> Repetitive Optional Subsequence D1 Settlement Parties

59
----->
M 95a 4!c Party (see qualifier descrip- C, P, Q, R or S 59

tion) 60
-----|

61

62

63
----->
O 70a 4!c Narrative (see qualifier descrip- C or D 63

tion) 64
-----|

Name

65
-----|End of Optional Subsequence D1 Settlement Parties


66
----->

tion) 67
-----|
----->
O 97A 4!c Account (see qualifier descrip- :4!c//35x 67

tion) 68
-----|
O 98a PROC Date/Time (Processing Date/Time A or C 68

69

70
----->

tion) 71
-----|

72
-----|End of Optional Subsequence D2 Cash Parties

-----> Repetitive Optional Subsequence D3 Amounts

73
----->

tion)
-----|
----->

Name
M 19A 4!c Amount (see qualifier descrip- :4!c//[N]3!a15d 74

tion)
-----|
-----|End of Optional Subsequence D3 Amounts

-----> Repetitive Optional Sequence E Other Parties
----->

tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
-----| End of Sequence E Other Parties

Optional Sequence F Repo Details
----->

Name

tion)
-----|
----->
O 20C 4!c Reference (see qualifier descrip- :4!c//16x 88

tion)
-----|
----->
O 92a 4!c Rate (see qualifier descrip- C or A 89

tion)
-----|
----->
O 99B 4!c Number Count (see qualifier descrip- :4!c//3!n 90

tion)
-----|
----->
O 19A 4!c Amount (see qualifier descrip- :4!c//[N]3!a15d 91

tion)
-----|
End of Sequence F Repo Details

C1
present in the same subsequence. If the Exchange Rate is not present, the Resulting Amount is not allowed (Error
code(s): E62).
Sequence D3 Sequence D3
if field :92B::EXCH is ... then field :19A::RESU is ...
Present Mandatory

Sequence D3 Sequence D3
C2
If Settlement Amount (:19A::SETT) is present in sequence C, it must not be present in any occurrence of subsequence
D3 (Error code(s): E73).
Sequence C Then for each occurrence of subsequence D3

if field :19A::SETT is ... field :19A::SETT IS ...
Present Not allowed
C3

if field :23G: is... rence of subsequence A1

C4
The following party fields for sequences D1 and D2 cannot appear more than once in sequence D. The party fields for
sequence E cannot appear more than once in a message (Error code(s): E84):
Subsequence D1 Subsequence D2 Sequence E

:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C5
If a qualifier from the list Deliverers is present in a subsequence D1, in a field :95a::4!c, then all the remaining quali-
If :95a::DEI9 is present in subseq D1, then :95a::DEI8 must be present in another subseq D1.

If :95a::DEI1 is present in subseq D1, then :95a::DECU must be present in another subseq D1.
If :95a::DECU is present in subseq D1, then :95a::SELL must be present in another subseq D1.
If :95a::SELL is present in subseq D1, then :95a::DEAG must be present in another subseq D1.
If a qualifier from the list Receivers is present in a subsequence D1, in a field :95a::4!c, then all the remaining quali-
fiers following this qualifier in the list Receivers (see below) must be present.
If :95a::REI9 is present in subseq D1, then :95a::REI8 must be present in another subseq D1.
If :95a::REI1 is present in subseq D1, then :95a::RECU must be present in another subseq D1.
If :95a::RECU is present in subseq D1, then :95a::BUYR must be present in another subseq D1.
If :95a::BUYR is present in subseq D1, then :95a::REAG must be present in another subseq D1.
C6

In subsequence D1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence. (Error
code(s): E52).
Subsequence D1 Subsequence D1
C7
In subsequence D1, if field :95C::PSET is present, then field :22F::STCO/[8c]/PHYS is mandatory in sequence D.
Subsequence D1 Sequence D
Present Mandatory
C7
If field :22F::DBNM//VEND is present in sequence D, then a vendor must be specified; i.e. one occurrence of
sequence E must contain field :95a::VEND (Error code(s): D71).
If Seq. D is... and in Seq. D Then Seq. E is ... and in one occurrence of Seq. E
if field field :95a::VEND is ...
:22F::DBNM//VEND
is ... (*)
Present Present Mandatory Mandatory

i.e. Seq. E must
be present
minimum once
(*) if the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.
MT 513 Usage Rules

When an ETC service provider transfers a message from one institution to another, and when the originator of the
message is not already identified in the confirmation parties sequence or the settlement parties sequence, the originat-

ing party is identified in the other parties sequence as :95a::MEOR (Originator of Message).
The MT 513 Advice of Execution may be sent either per partial execution or at the end of the execution day (along
with an average price in the case of two or more partial fills executed during the day), but not both.
In the case of partial executions, the message may include an optional repetitive partial fill sequence summarising
previously executed partial trades related to the order to buy or sell to which the MT 513 Advice of Execution relates.
An additional set of optional fields in the recap details sequence allows the executing party to indicate the total quantity
ordered, the quantity previously executed and the remaining quantity on order.
The Receiver of a request to cancel must advise the requesting party that the request has been accepted or denied in an
MT 509 Trade Status Message.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION
Reference must not start or end with a slash ’/’ and must not contain two consecutive slashes ’//’ (Error code(s): T26).

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC This is a request to cancel a previously sent advice.
NEWM This is a new advice.
CODES

USAGE RULES
To cancel a previously sent advice, Function is CANC. Reference in the linkage sequence must contain the Sender’s refer-
ence of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled must be present;
optional fields need not be present for SWIFT validation.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES
This field is provided for information only and is not binding on the parties, unless it has been assigned by a third party
system.
5. Field 22F: Indicator: Trade Transaction Type Indicator

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
CODES
BASK Basket trade.
BRKR Broker-to-broker trade.
FUND Fund-to-fund trade.
INDX Index trade.
LIST List trade.
PALL Pre-allocation.
PROG Program trade.
TRAD Trade.

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION

COMM Unique reference agreed upon by the Investment Manager AND the Broker/Dealer to identify the

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
RCAP Recap Details.

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES
PAFILL Partial Fill Details.

Partially Filled
FORMAT
PRESENCE
QUALIFIER
1 M PAFI N B Quantity of Financial Instrument Partially Filled
DEFINITION
PAFI Quantity of partial fills being advised at the end of the day or other agreed period.
CODES

14. Field 90a: Price: Deal Price

FORMAT

PRESENCE
QUALIFIER
DEFINITION
DEAL Price of the partial trade represented either as an actual amount (option B) or as a percentage (option
A).
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
AVER The price is an average execution price relating to partial fills.
AVOV In partial fills, the deal price is an override of the average price.

NET1 The price is a net price - ie, net of all charges, fees, taxes.
NET2 The price is a net price - net only of local broker’s commission, local fees, local taxes, etc.
RDAV The price is a rounded average price.
16. Field 98a: Date/Time: Trade Date/Time

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
TRAD Trade date/time.
CODES
When Data Source Scheme is not present, Date Code must contain one of the following codes:

17. Field 94B: Place: Place of Trade

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
TRAD Place at which the order was traded.
CODES
EXCH The place of trade was a stock exchange.
OTCO The place of trade was over the counter.
VARI Various places of trade.

USAGE RULES
When Place Code is OTCO, Narrative must specify the system, eg, OTCO/TELEKURS. When Place Code is EXCH, Narra-
tive must specify the Market Identifier Code (MIC), eg, EXCH/XNYS for the New York Stock Exchange.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER
1 M ORDR N B Ordered Quantity of Financial Instrument
2 M PREX N B Previously Executed Quantity of Financial Instru-

ment
3 M REMA N B Quantity of Financial Instrument Remaining on

Order

DEFINITION
ORDR Total quantity ordered.
PREX Quantity of the order which has been previously executed.
REMA Quantity of the order which remains on order.
CODES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
RCAP Recap Details.


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M TRAD N A, B or C Trade Date/Time
3 O FORC N C Date/Time in Force

DEFINITION
SETT Settlement date/time.
FORC Date/time order was received by the executing party.
CODES
In option B, when Qualifier is SETT and Data Source Scheme is not present, Date Code must contain one of the following
codes:
CODES
In option B, when Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain one of the following
codes:

FORMAT


PRESENCE
Mandatory
QUALIFIER
2 O MAUP N A or B Marked Up Price
or O MADW N A or B Marked Down Price
DEFINITION
DEAL Deal price represented either as an actual amount (option B) or as a percentage (option A).
MAUP Marked up price. In case of an order to buy, the price that the broker paid on the market plus the
broker’s commission.
MADW Marked down price. In case of an order to sell, the price the broker receives in the market minus the
CODES
CODES

USAGE RULES
24. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES
25. Field 99A: Number Count

FORMAT
PRESENCE
Optional
QUALIFIER
2 O GIUP N A Give-up number of days
DEFINITION
DAAC Number of days used for calculating the accrued interest amount.
GIUP Number of days from trade date that the counterparty on the other side of the trade should "give up"
or divulge.
When Sign is present, Number must not be zero (Error code(s): T14).
USAGE RULES
Sign must be present when Number is negative.

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
In option B, if If Data Source Scheme is not present and Qualifier is TRAD, Place Code must contain one of the following
codes:
CODES

CODES
USAGE RULES
27. Field 19A: Amount: Settlement Amount

FORMAT
PRESENCE
Optional
QUALIFIER
1 O SETT N A Settlement Amount
DEFINITION

SETT Settlement amount. The total amount of money paid/to be paid or received in exchange for the securi-
ties.
code(s): C03, T40, T43).
USAGE RULES

FORMAT

PRESENCE
Mandatory
QUALIFIER
9 O TOOR N F Type of Order

10 O TILI N F Time Limit
13 O TRCN R F Trade Regulatory Conditions Indicator
14 O TRSE N F Trading Session Indicator
DEFINITION
PRIC Type of price identified in deal price.
SETG Whether an ETC service provider is to generate a settlement instruction.
TOOR Type of order.
TILI Time limit.
CATB Charges/tax basis under which the order/trade is to be/was executed.
TRSE Indicates the trading phase at the stock exchange, eg, opening auction phase, main trading phase,
closing auction phase, etc.

CODES
BUYI Buy.
IPOO IPO order.
SELL Sell.
BUYI Buy.
SELL Sell.
CODES

CODES
CODES
E Other Parties.
TTRE The trade details are to be reported to a regulatory organisation. This stock regulatory organisation is
identified in sequence E Other Parties.
CODES
CODES
CODES
BCRO Result of option when set (UK specific).
BLKO Block order.

BTEX Trade to be/was done at best execution price.
BTMI Bought minus indicator.
CBNS Trade executed cum bonus.
CCPN Trade executed cum coupon.
CDIV Trade executed cum dividend.
higher.
CRTS Trade executed cum rights.
lower.
send an MT 513 Advice of Execution to the executing party to which this message is sent and which
is acting as the clearing broker.
SETI Sold exempt indicator - The sale is exempt from short-sale rules.
SPSI Sold plus indicator.
SSTI Sold short indicator.
XBNS Trade executed ex bonus.
XCPN Trade executed ex coupon.

XDIV Trade executed ex dividend.
XRTS Trade executed ex rights.
CODES
CODES
to buy or sell):
ALNO All or none (A round-lot market or limit-price order which must be executed in its entirety or not at
all; unlike FIKI, these orders are not cancelled if not executed as soon as received).
CARE Carefully (An order which is not to be executed as a whole if the executing broker judges that it may
disturb the price).
COMB Combination order (An order which is linked to another order to buy or sell and must be executed as a
unit, both or none, or cancelled as a unit. The linkage sequence must be completed with a reference to
the linked order).
DISC Discretionary (An order where the executing broker or investment manager decides on the quantity or
price).
DNIN Do not increase (A limit order to buy or a stop order to sell or a stop limit order which is not to be
increased in shares on the ex-dividend date as a result of a stock dividend or distribution).
DNRE Do not reduce (A limit order to buy or a stop order to sell, or a stop-limit order to sell which is not to
be reduced in price by the amount of an ordinary cash dividend. A DNRE applies only to ordinary
stock dividends; it should be reduced for other distributions - eg, when a stock goes ’ex’ stock divi-
dend or rights).

ICEB Iceberg order. Type of limit order whose overall quantity is not transparent to the market. Rather, only
a client-defined part of the order is shown to the market (the ’tip of the iceberg’). Upon execution of
the first ’tip’ (i.e. partial execution to the client while for the market it does not appear to be a
’partial’) the system releases the next ’tip’ of the same size to the market until the ’iceberg’ has been
melted down successfully. Different from a usual care order.
LIWI Limit with (An order to be executed at a limit price, with a round-lot (or board-lot) sales; valid only
for odd lot orders).
LIWO Limit without (An order to be executed at a limit price, without a round-lot (or board-lot) sales; valid
only for odd lot orders).
LMTO Limit order (An order to buy at the indicated price limit or lower or an order to sell at the indicated
limit price or higher).
MAKT At market (An order to buy or sell a specified amount of a financial instrument at the quoted market
price or better).
MANH Market not held (An order to buy or sell a stated amount of a financial instrument at the quoted
market price or better with some discretion on the price limit).
MTLO Market to Limit Order. Type of order that couples the high possibility of execution (Market Order)
with a protection against unwanted price fluctuations (Limit Order).
MUTO Market until touched (An order which becomes a market order once the market price is reached).
NOHE Not held (An order which may be executed in partials or outside the hours of the exchange or other
exchange rules).
ORLI Order lie (An order which is related to another order where the second part may be cancelled without
cancelling the first. In this case, the second order is identified as the second part. Normally the sell
order must be executed before the buy order. The linkage sequence must be completed with a refer-
ence to the linked order).
STLI Stop limit (A stop order to buy which becomes a limit order at the limit price when the financial
instrument trades at or above the stop price after the order is submitted. A stop order to sell which
becomes a limit order at the limit price when the financial instrument trades at or below the stop price
after the order is submitted).
STOP Stop order (An order to buy which becomes a market order when the financial instrument trades at or
above the stop price after the order is submitted or an order to sell which becomes a market order
when the financial instrument trades at or below the stop price after the order is submitted).
CODES
to buy only):
BCSE Buy contra short exempt.
BCSH Buy contra short.

BMIN Buy minus (An order to buy at a price lower than the current market price. This is an order to buy a
stated amount of a financial instrument provided that its price is not higher than the last sale if the last
sale was a minus or zero minus tick, not higher than the last sale minus the minimum fractional
change in the stock if the last sale was a plus or zero plus tick. The price limit indicates the highest
price at which the order can be executed).
CODES
to sell only):
SLOS Stop loss (An order to sell that sets the sell price below the market price).
SPLU Sell plus (An order to sell a stated amount provided that the price is not lower than the last sale price
if the last sale was a plus or zero plus tick and not lower than the last sale minus the minimum frac-
tional change in the financial instrument if the last sale was a minus or zero minus tick).
SSEX Sell short exempt (An order to sell short which is exempt from short-sale rules).
SSHO Sell short (An order to sell that the seller does not own; a sale effected by delivering a financial instru-
ment borrowed by or for the account of the seller).
CODES
If Data Source Scheme is not present and Qualifier is TILI, Indicator must contain one of the following codes:
CLOS At the closing (An order to buy or sell at the closing price or an odd lot order to buy or sell to be filled
at the closing of the round lot offer, plus a differential for a buy order or minus the differential on a
sell order).
FAKI Fill and Kill. An order to be executed as much as possible. Non-executed parts of a FAK are deleted.
FIKI Fill or kill (A market or limit order that is to be executed in its entirety as soon as it is submitted; if
not so executed, the order is to be cancelled).
GDAY Good for the day (An order that, if not executed, expires at the end of the trading day on which the
order is entered).
GTCA Good until cancelled (An order that remains in effect until it is either executed or cancelled).
GTMO Good for the month (An order that, if not executed, expires at the end of the month on which the order
is entered).
GTXO Good till crossed.
IOCA Immediate or cancel (A market or limit order to be executed in whole or in part as soon as it is
submitted; any portion not so executed is to be cancelled).
OPEN At the opening (A round lot order to be executed at the opening of the market).

CODES
FREE Free.
CODES
CODES
SOLI The trade was solicited by the executing broker. The broker has suggested to its his client to buy/sell
securities.
CODES
If Data Source Scheme is not present and Qualifier is TRSE, Indicator must contain one of the following codes:
AUCT Orders that are traded in regularly occuring auctions: orders are accumulated and executed on the
basis of defined algorithms.
CONT Trading process where orders are executed directly against each other as they hit the marketplace.

FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
CONFPRTY Confirmation Parties.

FORMAT

PRESENCE
Mandatory
QUALIFIER
or STBR N P, R or Q Step-in Broker
or ETC1 N P, R or Q ETC Service Provider 1
or AFFM N P, R or Q Affirming Party
DEFINITION
INVE Investor.
BUYR Buyer.
SELL Seller.

ETC1 ETC service provider 1.
AFFM Affirming party.
ALTE Alternate ID.
CODES
Country Code must contain a valid ISO country code (Error code(s): T73).


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
the transaction to this party.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
party block.


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

Advised
FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M ADVI N B Quantity of Financial Instrument Advised
DEFINITION
ADVI Quantity of financial instrument in the advice of execution.

CODES
principal amount.

FORMAT

PRESENCE
Mandatory
DEFINITION
USAGE RULES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
A001 30/360
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.

CODES
CODES
CODES
CODES
CODES
FULL Fully paid.

NILL Nill paid.
CODES
CODES
sequence.

FORMAT

Description)
PRESENCE
Optional

QUALIFIER
DEFINITION
OPST Option style.
OPTI Option type.
CODES
codes:
ASIA Asian style.
CODES
CALL Call option.
PUTO Put option.
USAGE RULES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
rities issue.
maturity date.
of the issue.
rity date.
ment.

45. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

47. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CONV Whether security is convertible into a different class of security.
FRNF Whether interest rate of bond is reset periodically.
COVE Covered flag.
CALL Whether security is callable (the issuer has the right to pay the obligation prior to maturity).
PUTT Whether security is putable (issuer has the right to redeem securities prior to maturity).

CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
A).
MRKT Current market price of securities, represented either as an actual amount (option B) or a percentage
(option A).
age (option A).

CODES
CODES
USAGE RULES
49. Field 36B: Quantity of Financial Instruments

FORMAT
PRESENCE
Optional
QUALIFIER


Value)
DEFINITION
CODES
principal amount.
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

52. Field 13B: Number Identification: Certificate Number

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES
numbers.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
USAGE RULES
numbers.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT
PRESENCE
QUALIFIER

Indicator
DEFINITION
SETR Type of settlement transaction contained in the Settlement Details Sequence.

involved in the transaction. Presence of this indicator means that any information contained in the
CODES
receiver).

tion arrangement.
Manager.

CODES
DIRT Dirty, non-tax exempt, status bonds are to be settled (Japanese government bonds).
KNOC For derivatives an option or future which is knocked out (expired worthless).
SPST Split settlement - when cash and securities settle in different locations.
UNEX Unexposed - delivery cannot be effected until cash is received.
CODES

CODES
CODES
CODES

CODES
CHEC Cheque
GBSC UK domestic
USCH CHIPS (US)
USFW Fedwire (US)
CODES
INTE The settlement standing instruction database to be used is the receiver’s internal database.
BRKR The settlement standing instruction database to be used is the broker’s database.
other parties sequence E, party field 95a, with qualifier VEND.
CODES

USAGE RULES
57. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
N No.
Y Yes.


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION

ALTE Alternate ID.
CODES

USAGE RULES

FORMAT

(Account Number)
PRESENCE
Conditional (C6)
QUALIFIER
DEFINITION
SAFE Safekeeping account owned by (or held by) the party specified in the sequence.

CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION
PACO Descriptive narrative of the contact unit or person responsible for the transaction at the party defined
in the sequence.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER

DEFINITION
ACCW Account with institution. It identifies the institution to which the payment has been made in favour of
the beneficiary of money, if different from the Sender. This may be a branch or affiliate of the Sender,
or of the intermediary, or of the beneficiary institution, or an entirely different financial institution.
BENM Beneficiary of money. It identifies the party credited with the payment, when payment has been made
to an institution different from the Sender and identified as account with institution.
ALTE Alternate ID.
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
in the sequence.

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
AMT Amounts.
73. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
N No.
Y Yes.
USAGE RULES
Flag is only to be used in a sequence D3 with settlement amount field 19A::SETT//[N]3!a15d as it indicates whether the

FORMAT
PRESENCE
QUALIFIER
1 M ACRU N A Accrued Interest Amount
or EXEC N A Executing Broker’s Commission

or ISDI N A Issue Discount / Allowance
or MACO N A Matching/ Confirmation Fee
or POST N A Postage
or SETT N C2 A Settlement Amount
DEFINITION
etc. It specifies:

ACRU Accrued interest amount; the interest amount that has been accrued in between coupon payment
periods
LOCL Local tax.
MACO Matching/confirmation fee.
MARG Margin amount.
SETT Settlement amount; the total amount of money paid/to be paid or received in exchange for the securi-
ties.
STAM Stamp duty.
TRAN Transfer tax.
OTHR Other amount.

code(s): C03, T40, T43).
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

(Rate)
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES
AMT Amounts.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT

PRESENCE
QUALIFIER

C8
DEFINITION
EXCH Exchange.

VEND Vendor of the Settlement Standing Instruction database requested to be consulted through sequence D
ALTE Alternate ID.
CODES

FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
SAFE Safekeeping account held by the party specified in this sequence.
CASH Account from/to which a payment is to be/has been done and which is held by the party specified in
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PACO Narrative description of the contact unit or person responsible for the transaction at the party in the
sequence.
PART Additional information for the party in the sequence.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
PROC Reference meaningful to the party in the sequence. This reference specifies the reference of the trans-
action at this party.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES
REPO Repo Details.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
MICO Computation method of accrued interest of the related financial instrument.
CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.

A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
89. Field 92a: Rate

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
rate.
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

ment.
code(s): C03, T40, T43).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
message.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

MT 514 Trade Allocation Instruction
MT 514 Scope
This message is sent by an instructing party, eg, a client, or its authorised representative to an executing party, eg,
broker-dealer.
This message is used to instruct the allocation of a block trade. One allocation may be contained in each message. Settle-
ment details are optional and may be provided where standing instructions do not apply or are not available.
request the cancellation of a previously sent allocation instruction

re-send an allocation instruction previously sent
provide a third party with a copy of the message (be it the instruction or request for cancellation) being sent
provide pre-allocation details which must be linked back to the original order to buy.
This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy
from the instructing party to the custodian to provide early settlement information, where an agreement to this effect exists.
This message must not be sent from an ETC service provider to a custodian.

MT 514 Trade Allocation Instruction
Name

Indicator
----->
-----|
----->
O 22F LINK Indicator Linkage Type :4!c/[8c]/4!c 8

Name

tion

Mandatory Sequence B Confirmation Details
M 16R Start of Block CONFDET 13
----->
M 98a 4!c Date/Time (see qualifier description) A, B or C 14
-----|
----->
-----|
----->
-----|
----->
O 99A 4!c Number Count (see qualifier description) :4!c//[N]3!n 17
-----|
----->
O 94a 4!c Place (see qualifier description) B or F 18
-----|
----->
-----|
----->

Name
-----|
----->
-----|
----->
Repetitive Mandatory Subsequence B1 Confirmation Parties
----->
-----|
----->
-----|
----->
O 70a 4!c Narrative (see qualifier description) C, D, or E 27
-----|
----->
O 22F 4!a Indicator (see qualifier description) :4!c/[8c]/4!c 28
-----|
-----| End of Mandatory Subsequence B1 Confirmation Parties
----->

Name
M 36B 4!c Quantity of Finan- (see qualifier description) :4!c//4!c/15d 30

cial Instrument
-----|

----->
-----|
----->
O 12a 4!c Type of Financial (see qualifier description) A, C or B 34

Instrument
-----|

tion
----->
O 98A 4!c Date/Time (see qualifier description) :4!c//8!n 36
-----|
----->
-----|
----->

tion
-----|
----->

Name
-----|
----->
-----|
----->

cial Instrument
-----|

Attribute Narrative
----->

tion
------|
O 70E TPRO Narrative Trade Instruction Process- :4!c//10*35x 45

ing Narrative
M 16S End of Block CONFDET 46
End of Sequence B Confirmation Details

----->
-----|
----->
-----|

Name

50
----->
Repetitive Optional Subsequence C1 Settlement Parties

51
----->

52
-----|

53

54

55
----->

56
-----|

57
-----> Repetitive Optional Subsequence C2 Cash Parties

58
----->

59
-----|
----->

Name

60
-----|

61

62
----->

63
-----|

64
-----> Repetitive Optional Subsequence C3 Amounts

65
----->
-----|
----->
M 19A 4!c Amount (see qualifier description) :4!c//[N]3!a15d 66
-----|

-----> Repetitive Optional Sequence D Other Parties

Name
----->
-----|
----->
-----|
----->
-----|

----->
-----|
----->
-----|
----->
O 92a 4!c Rate (see qualifier description) C or A 81
-----|
----->

Name
-----|
----->
-----|

C1
present in the same subsequence. If the Exchange Rate is not present the Resulting Amount is not allowed (Error
code(s): E62).
Present Mandatory
C2
When the Type of Price (field :22F::PRIC) is present, the Deal Price (field :90a::DEAL) must also be present (Error
code(s): E61).
if field :22F::PRIC is... then field :90a::DEAL is...
Present Mandatory
C3

If the Settlement Amount (:19A::SETT) is present in sequence B, it must not be present in any occurrence of subse-
quence C3 (Error code(s): E73).
Sequence B Then, for each occurrence of subsequence C3

if field :19A::SETT is... field :19A::SETT is...
Present Not allowed
C4


C5
:95a::DEI4
:95a::DEI5
:95a::DEI6

:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL
C6
If a qualifier from the list Deliverers is present in a subsequence C1, in a field :95a::4!c, then all the remaining quali-

If a qualifier from the list Receivers is present in a subsequence C1, in a field :95a::4!c, then all the remaining quali-
C7
In subsequence C1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence. (Error
code(s): E52).

C8
In subsequence C1, if field :95C::PSET is present, then field :22F::STCO/[8c]/PHYS is mandatory in sequence C.
Present Mandatory
C8
If Seq. C is... and in Seq.C then Seq. D is ... and in one occurrence of Seq. D
:22F::DBNM//VEND
is ... (*)

i.e. must be
present minimum
once
MT 514 Usage Rules

The underlying fund or client, :95a::INVE, must be present.
message is not already identified in the confirmation parties sequence or the settlement parties sequence, the originat-
ing party is identified in the other parties sequence as :95a::MEOR (Originator of Message).
Since there is only one allocation per MT 514, allocations must be linked by the master reference in the linkage
sequence.
When the message is used to pre-advise allocation details, the Trade Transaction Type must be PALL and the Master
Reference must be the same as the one assigned in the associated MT 502 Order to Buy or Sell. The pre-allocation

conditions are defined in the associated MT 502 Order to Buy or Sell.

When the MT 514 is sent to request a cancellation of a previously sent instruction, field 23G must contain the function
to cancel, the linkage subsequence must contain the reference of the instruction to be cancelled and the rest of the
message a copy of at least the mandatory fields of the instruction to be cancelled. The Allocation Number/Total
Number must be a separate series (see field definitions).
The Receiver of a request to cancel must advise the requesting party that the cancellation has been accepted or denied
in a MT 509 Trade Status Message.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC This is a request to cancel a previously sent instruction.
NEWM This is a new instruction.
CODES

USAGE RULES
To cancel a previously sent instruction, Function is CANC. The reference in the linkage sequence must contain the Sender’s

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES
system.

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
CODES
BASK Basket trade.
BRKR Broker-to-broker trade.
FUND Fund-to-fund trade.
INDX Index trade.
LIST List trade.
PROG Program trade.
TRAD Trade.

FORMAT

PRESENCE
Optional
QUALIFIER
1 O ALLO N B Current Allocation Number
2 O TOAL N B Total Number of Allocations
DEFINITION
ALLO Current allocation number.
TOAL Total number of allocations.
Number specifies the number of days.
USAGE RULES
These two fields together enable the Receiver of the message to know when all the allocation instructions associated with
one block trade have been received. The master reference must be present in the linkage sequence.
When cancelling allocations the Function of the Message field must contain CANC and both the master reference and the
original Sender’s reference must be present in the linkage sequence for each allocation. A separate Current Allocation/Total
Number series must be used and not the original allocation numbers.
The replacement allocations must contain NEWM in field 23G Function of the Message and the master reference must be
present in the linkage sequence. A separate Current Allocation/Total Number series must be used and not the original series.
For example, a block trade may be made up of 100 allocations. Five of these may be cancelled and replaced by three new
ones. The Allocation Number/Total Number fields in the five cancellations must contain 1/5, 2/5, 3/5, 4/5, and 5/5 respec-
tively. Similarly, the Allocation Number/Total Number fields in the three new allocations must contain 1/3, 2/3, and 3/3
respectively.

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
LINK When the instruction is to be executed relative to the transaction referenced in the sequence.
CODES
AFTE The instruction is to be/was executed after the linked transaction.
BEFO The instruction is to be/was executed before the linked transaction.
INFO Linked for information purposes only.

WITH The instruction is to be/was executed with the linked transaction.
USAGE RULES
If code WITH is used, it links together one or more instructions which become bound and which should be executed
together. Even if one single instruction can not be executed, then all the other instructions should also be kept pending.
Therefore the use of code WITH should be limited to combine up to 2 or 3 instructions.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT

PRESENCE
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION

CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
CONFDET Confirmation Details.

FORMAT

PRESENCE
Mandatory
QUALIFIER

DEFINITION
CODES
codes:
CODES
In option B, when Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code:

FORMAT

PRESENCE
Optional

QUALIFIER
1 O DEAL N C2 A or B Deal Price
DEFINITION
DEAL Deal price represented either as an actual amount (option B) or a percentage (option A).
CODES
CODES

USAGE RULES
16. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
or divulge.
USAGE RULES

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
codes.
CODES

CODES
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
2 O SEBL N A Settlement Amount of Block Trade

DEFINITION
SETT Settlement amount of the allocation.
SEBL Settlement amount of the block trade.
code(s): C03, T40, T43).
USAGE RULES

FORMAT

PRESENCE
Mandatory
QUALIFIER

DEFINITION
PRIC Type of price identified in Price.
RPOR If the trade is to be reported to additional parties.
CODES
BUYI Buy.
IPOO IPO order.

SELL Sell.
BUYI Buy.
SELL Sell.
CODES
CODES

CODES
D Other Parties.
CODES
CODES
CODES
BLKO Block order.

higher.
lower.
CODES

CODES
FREE Free.
CODES
CODES
SOLI The trade was solicited by the executing broker. The broker has suggested to his client to buy/sell
securities.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT

PRESENCE
Mandatory
QUALIFIER
or STBR N P, R or Q Step-in Broker
or ETC1 N P, R or Q ETC Provider 1
or ETC2 N P, R or Q ETC Provider 2
DEFINITION
INVE Investor.
BUYR Buyer.

SELL Seller.
ALTE Alternate ID.
CODES


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
the transaction at the party.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
party block.

FORMAT
PRESENCE
Optional
QUALIFIER
2 O PORT N F Class of Portfolio/Fund Indicator
DEFINITION
PORT Identifies the type of account for tax purposes.
CODES
When Data Source Scheme is not present, and Qualifier is TRCA, Indicator must contain one of the following codes:

CODES
When Data Source Scheme is not present, and Qualifier is PORT, Indicator must contain one of the following codes:
BRDE Broker/Dealer account.
ERIS ERISA account.
HEDG Hedge fund.
INDI Individual account.
INST Institutional account.
INSU Insurance account.
KACC 401(k) account.
MNGD Managed account.
MUTU Mutual fund.
NOPU Non-public account.
OTHR Other.
OTHE Other.
PENS Pension fund.
UTRU Unit trust.

FORMAT
Option S 16c

PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M ALLO N B Quantity Allocated
2 O TQBT N B Quantity of Block Trade
DEFINITION
ALLO Total quantity of financial instrument allocated.
TQBT Total quantity of financial instrument of the block trade.
CODES

principal amount.

FORMAT

PRESENCE
Mandatory
DEFINITION
USAGE RULES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
If Data Source Scheme is not present, and Qualifier is MICO, Indicator must contain one of the following codes:
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.

CODES
CODES
CODES
CODES
CODES
FULL Fully paid.

NILL Nill paid.
CODES
sequence.
CODES


FORMAT

Description)
PRESENCE
Optional
QUALIFIER
DEFINITION
OPST Option style.
OPTI Option type.
CODES
codes:
ASIA Asian style.

CODES
CALL Call option.
PUTO Put option.
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
rities issue.

maturity date.
of the issue.
rity date.
ment.
37. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
39. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
FRNF Whether interest rate of a bond is reset periodically.
COVE Covered flag.
PUTT Whether security is putable (the issuer has the right to redeem securities prior to maturity).
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
A).
(option A).
EXER 1. Price at which security will be purchased/sold if the warrant is exercised. Price is represented
2. Price at which bond is converted. Price is represented either as an actual amount (option B) or a
percentage (option A).
age (option A).
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

Value)
DEFINITION
MILT Minimum multiple lot necessary to exercise the warrant.

CODES
principal amount.
CODES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
44. Field 13B: Number Id: Certificate Number

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES
numbers.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION

CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER


Indicator
DEFINITION
SETR Type of settlement transaction contained in the Settlement Details Sequence.

CODES
receiver).
tion arrangement.
REDM Redemption of Funds (Funds Industry ONLY)

Manager.
CODES

CODES
CODES
CODES

CODES
CODES
CHEC Cheque
GBSC UK domestic
USCH CHIPS (US)
USFW Fedwire (US)

CODES
CODES
USAGE RULES
49. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
N No.
Y Yes.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT


PRESENCE
QUALIFIER

DEFINITION
DECU Deliverer’s custodian;

ALTE Alternate ID.
CODES

USAGE RULES

FORMAT

(Account Number)
PRESENCE
Conditional (C7)
QUALIFIER
DEFINITION
SAFE Securities safekeeping account owned by (or held by) the party specified in the sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

in the sequence.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT

PRESENCE
QUALIFIER
DEFINITION
the beneficiary of money, if different from the Receiver. This may be a branch or affiliate of the
Receiver, or of the intermediary, or of the beneficiary institution, or an entirely different financial
institution.
BENM Beneficiary of money. It identifies the party to be credited with the payment, when payment is to be
made to an institution different from the Receiver and identified as account with institution.
ALTE Alternate ID.

CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION
in the sequence.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
AMT Amounts.
65. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
N No.

Y Yes.
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
or ISDI N A Issue Discount/ Allowance
or POST N A Postage

or ANTO N A Net Gain/Loss
DEFINITION
taxes and charges, as well as amounts needed for accounting purposes, eg, original face value traded, broker commission,
etc. It specifies
periods

LOCL Local tax.
MARG Margin amount.
ties.
STAM Stamp duty.
TRAN Transfer tax.
OTHR Other amount.
ANTO Net gain/loss.
code(s): C03, T40, T43).

USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
1 O VALU N A or C Value Date /Time
DEFINITION


FORMAT

(Rate)
PRESENCE
Optional

QUALIFIER
DEFINITION
USAGE RULES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
AMT Amounts.


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT



PRESENCE
QUALIFIER

C9
DEFINITION
EXCH Exchange.
VEND Vendor of the Settlement Standing Instruction database requested to be consulted through sequence c
ALTE Alternate ID.

CODES

FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER

DEFINITION
this sequence.
CODES

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION
in the sequence.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.

CODES
CODES

FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION
81. Field 92a: Rate

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
rate.
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
ment.

code(s): C03, T40, T43).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
message.

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES
REPO Repo Details.

MT 515 Client Confirmation of Purchase or Sale
MT 515 Scope
This message is sent by an executing party, eg, a broker-dealer, to an instructing party, eg, a client, or its authorised repre-
sentative.
This message is used to confirm the details of a purchase or sale executed by the executing party on behalf of the instructing
party. It is also used to provide details on the payment side of the transaction.
request the cancellation of a previously sent client confirmation

re-send a client confirmation previously sent
provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.
Where legally accepted, this message serves as an electronic contract note which is legally binding on both parties.
Where a block trade has been executed and allocation instructions provided, one client confirmation must be sent per alloca-
tion.
This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy
from the instructing party and/or executing party to their respective custodians, to provide settlement information where an
agreement to this effect exists.
This message must not be sent by an ETC service provider to a custodian.

MT 515 Client Confirmation of Purchase or Sale
Name

Indicator

tion

Name

tion)
-----| End of Mandatory Subsequence A1 Linkages

-----> Repetitive Optional Sequence B Partial Fill Details
M 16R Start of Block PAFILL 11
M 36B PAFI Quantity of Finan- Quantity of Financial :4!c//4!c/15d 12

cial Instrument Instrument Partially
Filled
O 98a TRAD Date/Time Trade Date/Time A, B or C 15
M 16S End of Block PAFILL 17
-----| End of Sequence B Partial Fill Details
Mandatory Sequence C Confirmation Details
----->

tion)
-----|
----->
M 90a 4!c Price (see qualifier descrip- A or B 20

tion)
-----|
----->

Name

tion)
-----|
----->

tion)
-----|
----->
O 94a 4!c Place (see qualifier descrip- B or F 23

tion)
-----|
----->

tion)
-----|

tion)
-----> Repetitive Mandatory Subsequence C1 Confirmation Parties
----->

tion)
-----|
----->

tion)
-----|

Name
----->
O 70a 4!c Narrative (see qualifier descrip- C, D, or E 32

tion)
-----|
----->
O 22F 4!a Indicator (see qualifier descrip- :4!c/[8c]/4!c 33

tion)
-----|
-----| End of Mandatory Subsequence C1 Confirmation Parties
M 36B CONF Quantity of Finan- Quantity of Financial :4!c//4!c/15d 35

cial Instrument Instrument Confirmed

Optional Subsequence C2 Financial Instrument Attributes
----->

tion)
-----|
----->
O 12a 4!c Type of Financial (see qualifier descrip- A, C or B 39

Instrument tion)
-----|

tion
----->
O 98A 4!c Date (see qualifier descrip- :4!c//8!n 41

tion)

Name
-----|
----->

tion)
-----|
----->
O 13a 4!c Number Identifica- (see qualifier descrip- A or B 43

tion tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
----->
O 36B 4!c Quantity of Finan- (see qualifier descrip- :4!c//4!c/15d 46

-----|

Attribute Narrative
End of Optional Subsequence C2 Financial Instrument Attributes

----->
O 13B CERT Number Identifica- Certificate Numbers :4!c/[8c]/30x 49

tion
------|
----->
O 70E 4!c Narrative (see qualifier descrip- :4!c//10*35x 50

tion)
-----|
------|

Name

End of Sequence C Confirmation Details
----->

tion)
-----|
----->

tion)
-----|

tion) 55
-----> Repetitive Optional Subsequence D1 Settlement Parties

56
----->

tion) 57
-----|

58

59

60
----->

Name

tion) 61
-----|

62
-----| End of Optional Subsequence D1 Settlement Parties

63
----->

tion) 64
-----|
----->

tion) 65
-----|

66

67
----->

tion) 68
-----|

69
-----| End of Optional Subsequence D2 Cash Parties

-----> Repetitive Optional Subsequence D3 Amounts

70
----->

Name

tion)
-----|
----->

tion)
-----|
-----| End of Optional Subsequence D3 Amounts
-----> Repetitive Optional Sequence E Other Parties
----->

tion)
-----|
----->

tion)
-----|
----->

tion)
-----|

Name
-----| End of Sequence E Other Parties

Optional Sequence F Repo Details
----->

tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
----->
O 99B 4!c Number Count (see qualifier descrip- :4!c//3!n 87

tion)
-----|
----->

tion)
-----|
End of Sequence F Repo Details


C1
present in the same subsequence. If the Exchange Rate is not present the Resulting Amount is not allowed (Error
code(s): E62).
Present Mandatory
C2
If the Settlement Amount (:19A::SETT) is present in sequence C, it must not be present in any occurrence of subse-
quence D3 (Error code(s): E73).
Sequence C Then, for each occurrence of subsequence D3

if field :19A::SETT is... field :19A::SETT is...
Present Not allowed
C3
Sequence A Then in minimum one occurrence of subse-

if field :23G: is... quence A1
CANC Mandatory (note: it does not need to be present in

all occurrences of A1)
Not CANC Optional
C4
The following party fields for sequences D1 and D2 cannot appear more than once in sequence D. The party fields for
sequence E cannot appear more than once in a message (Error code(s): E84):

:95a::DEI4 :95a::INPA
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8
:95a::REI9
:95a::SELL

C5
If a qualifier from the list Deliverers is present in a subsequence D1, in a field :95a::4!c, then all the remaining quali-
If :95a::DEI1 is present in subseq D1, then :95a::DECU must be present in another subseq D1.
If :95a::DECU is present in subseq D1, then :95a::SELL must be present in another subseq D1.
If :95a::SELL is present in subseq D1, then :95a::DEAG must be present in another subseq D1.
If a qualifier from the list Receivers is present in a subsequence D1, in a field :95a::4!c, then all the remaining quali-
If :95a::REI1 is present in subseq D1, then :95a::RECU must be present in another subseq D1.
If :95a::RECU is present in subseq D1, then :95a::BUYR must be present in another subseq D1.
If :95a::BUYR is present in subseq D1, then :95a::REAG must be present in another subseq D1.

C6
In subsequence D1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence. (Error
code(s): E52).
C7
In sequence C, if field :22H::BUSE//SWIF or :22H::BUSE//SWIT is present, then field :20C::PREV must be present in
minimum one occurrence of subsequence A1 Linkages. (Error code(s): E53).
Sequence C then field :20C::PREV is ...

if field :22H::BUSE//SWIT is...
Present Mandatory, ie must be present in minimum one

occurrence of A1
Sequence C then field :20C::PREV is ...

if field :22H::BUSE//4!c is...
SWIF Mandatory, ie must be present in minimum one

occurrence of A1
SWIT Mandatory, ie must be present in minimum one

occurrence of A1
Not equal (SWIF | SWIT) Not applicable
C8

In subsequence D1, if field :95C::PSET is present, then field :22F::STCO/[8c]/PHYS is mandatory in sequence D.
Subsequence D1 In sequence D
Present Mandatory
C8
If field :22F::DBNM//VEND is present in sequence D, then a vendor must be specified; i.e. one occurrence of
sequence E must contain field :95a::VEND (Error code(s): D71).
If Seq. D is... and in Seq. D Then Seq. E is ... and in one occurrence of Seq. E
:22F::DBNM//VEND
is ... (*)

i.e. Seq. E must
be present
minimum once
MT 515 Usage Rules

The underlying fund or client (:95a::INVE), must be present.
message is not already identified in the confirmation parties sequence or the settlement parties sequence, then the origi-
nating party is identified in the other parties sequence as :95a::MEOR (Originator of Message).
In the case of a non-allocated trade, when an order to buy or sell was executed in several parts, normally one confirma-
tion is sent for each day of execution. Where the confirmation is sent upon the final completion of the order, the
executing party may show the partial trades, listing the dates, times, quantities and prices (partial fill sequence).


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC This is a request to cancel a previously sent confirmation.
NEWM This is a new confirmation.
CODES
USAGE RULES
To cancel a previously sent confirmation, Function is CANC. The reference in the linkage sequence must contain the
4. Field 98a Date/Time: Preparation Date/Time

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES
system.

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION
CODES
BASK Basket trade.
INDX Index trade.
LIST List trade.
PROG Program trade.
TRAD Trade.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
PRESENCE
Mandatory
QUALIFIER
or PREV N C3, C7 C Previous Reference

DEFINITION


FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

Partially Filled
FORMAT
PRESENCE
QUALIFIER
1 M PAFI N B Quantity of Financial Instrument Partially Filled
DEFINITION
PAFI Quantity of financial instruments of the partial purchase or sale being confirmed.

CODES
principal amount.

FORMAT

PRESENCE
QUALIFIER
DEFINITION
DEAL Price of the partial trade represented either as an actual amount (option B) or a percentage (option A).
CODES

CODES
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
15. Field 98a: Date/Time: Trade Date/Time

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION
CODES
16. Field 94B: Place: Place of Trade

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
TRAD Place at which the partial trade is to be/was executed.
CODES
USAGE RULES

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES


FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
2 M SETT N A, B or C Settlement Date/Time

DEFINITION
CODES
codes:
CODES

FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
CODES

CODES
USAGE RULES
21. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
3 O BAKL N A Backload Commission Rate
4 O ENTF N A Entrance Commission Rate
5 O NAVR N A Net Asset Value Ratio

DEFINITION
BAKL Backload commission rate (Funds Industry).
ENTF Entrance commission rate (Funds Industry).
NAVR Net Asset Value Ratio (Funds Industry).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
or divulge.
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
codes:
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
SETT Settlement amount of the trade.
code(s): C03, T40, T43).
USAGE RULES


FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M BUSE N C7 H Buy/Sell Indicator
12 O CAOP N H Corporate Action Option Code
DEFINITION
order to buy or Sell.

CAOP Possible options or choices available to account owner (for investment funds).
CODES
BUYI Buy.
IPOO IPO order.
SELL Sell.
CODES

CODES
CLOA The movement relates to a closure of an account.
CODES
E Other Parties.
identified in sequence E Other Parties.
CODES
CODES

CODES
BLKO Block order.
higher.
lower.

CODES
CODES

FREE Free.
CODES
CODES
securities.
CODES
If Qualifier is CAOP, Indicator must contain one of the following codes:
CASH Distribution of cash.
DRIP Reinvestment proceeds into securities.
USAGE RULES
The qualifier CAOP is to be used for investment funds only, whereby the holder has the option to receive the distribution in
cash or to reinvest in securities.
If field :22H::BUSE//SWIF is used, then in the linkage sequence reference should be made to the previous message sent and
containing field :22H::BUSE/SWIT.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
INVE Investor.
BUYR Buyer.

SELL Seller.
ALTE Alternate ID.
CODES


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
PROC Reference meaningful to the party identified in the sequence. This reference specifies the reference to

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
party block.

FORMAT
PRESENCE
Optional
QUALIFIER
2 O PORT N F Class of Portfolio/Fund Indicator
DEFINITION
PORT Identifies the type of account for tax purposes.
CODES
When Data Source Scheme is not present, and Qualifier is TRCA, Indicator must contain one of the following codes:

CODES
When Data Source Scheme is not present, and Qualifier is PORT, Indicator must contain one of the following codes:
BRDE Broker/Dealer account.
ERIS ERISA account.
HEDG Hedge fund.
INDI Individual account.
INST Institutional account.
INSU Insurance account.
KACC 401(k) account.
MNGD Managed account.
MUTU Mutual fund.
NOPU Non-public account.
OTHR Other.
OTHE Other.
PENS Pension fund.
UTRU Unit trust.

FORMAT
Option S 16c

PRESENCE
Mandatory
DEFINITION
CODES

Confirmed
FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M CONF N B Quantity of Financial Instrument Confirmed
DEFINITION
CONF Quantity of financial instrument confirmed.
CODES
principal amount.


FORMAT

PRESENCE
Mandatory
DEFINITION
USAGE RULES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES

CODES
CODES
CODES
CODES
FULL Fully paid.
NILL Nill paid.

CODES
sequence.
CODES

FORMAT

Description)

PRESENCE
Optional
QUALIFIER
DEFINITION
OPST Option style.
OPTI Option type.
CODES
codes:
ASIA Asian style.
CODES
CALL Call option.
PUTO Put option.

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional

QUALIFIER
3 O FRNR N A Floating Rate

Note Reset Date
DEFINITION
rities issue.
maturity date.
of the issue.

rity date.
ment.
42. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
44. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
2 O FRNF N B Floating Rate

Note Flag
DEFINITION

COVE Covered flag.
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
A).
(option A).
age (option A).
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

Value)
DEFINITION

CODES
principal amount.
CODES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
49. Field 13B: Number Id: Certificate Number

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES
numbers.

FORMAT
PRESENCE
Optional
QUALIFIER
2 O RSTR N E Restrictions
DEFINITION
fields of this message.
RSTR Restrictions Narrative information on potential restrictions linked to the

fund confirmed (funds industry).

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER


Indicator
DEFINITION
SETR Type of settlement transaction contained in the Settlement Details block of the message.

CODES
receiver).
tion arrangement.

Manager.
CODES

CODES
CODES
CODES

CODES
CODES
CHEC Cheque
GBSC UK domestic
USCH CHIPS (US)
USFW Fedwire (US)

CODES
other parties sequence E, party field 95a, with qualifier VEND.
CODES
USAGE RULES
54. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
N No.
Y Yes.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT


PRESENCE
QUALIFIER
or REAG N C5 P, R or Q Receiving Agent

DEFINITION

ALTE Alternate ID.
CODES

USAGE RULES

FORMAT

(Account Number)
PRESENCE
Conditional (C6)
QUALIFIER
DEFINITION
SAFE Securities safekeeping account owned by (or held by) the party specified in the party field within this
sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

within the party block.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT

PRESENCE
QUALIFIER
or PAYE N C4 P, R, or Q Paying Institution
DEFINITION
ALTE Alternate ID.

CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
this sequence.
CHAR Account to be used for charges if different from the account for payment and which is held by the
COMM Account to be used for commission if different from the account for payment and which is held by the
TAXE Account to be used for taxes if different from the account for payment and which is held by the party

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
AMT Amounts.
70. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
N No.

Y Yes.
USAGE RULES
Flag is only to be used in a sequence D3 with settlement amount field 19A::SETT//[N]3!a15d as it indicates whether the

FORMAT
PRESENCE
QUALIFIER
or AKTI N A Aktiengewinn
or ANTO N A Net gain/loss Amount
or BAKL N A Backload Fees Amount
or CBCH N A Correspondent Bank Charges
or CREB N A Rebate/Bonification
or DSCA N A Discount Amount
or ENTF N A Entrance Fees Amount
or EQUL N A Equalisation/Depreciation Deposit

or ISDI N A Issue Discount/ Allowance
or LADT N A Local Tax (DE specific 1)
or LIDT N A Local Tax (DE specific 2)
or LOTE N A Local Tax (DE specific 3)
or LYDT N A Local Tax (DE specific 4)
or POST N A Postage
or PRMA N A Premium Amount
or REFD N A Expected Refund
or SUBS N A Subscription Interest

or ZWIS N A Zwischengewinn
DEFINITION
etc. It specifies:
periods.
AKTI Aktiengewinn.
ANTO The net gain/loss amount which is paid/received when instructions are paired off. Netting is also done
in the settlement of other financial instruments, eg, TBA’s.
BAKL Backload fees amount (Funds Industry).
CBCH Charges of correspondent bank for transferring money (Funds industry).
CREB Discount on the subscription fee that would normally be paid to Fund Administrator to enter the Fund.
(Funds Industry).
DSCA Pre-arranged deduction to the trade amount based on the published net asset value (Funds industry).
ENTF Entrance fees amount (Funds Industry).
EQUL Part of an investors subscription amount that is held by the Fund in order to pay incentive / perfor-
mance fees at the fiscal year end. It may crystallise into shares depending on the High Water Mark of
the Fund and the subscription NAV (Funds industry).
LADT Local tax - subject to interest down payment tax (proportion of interest liable for interest down
payment tax/interim profit that is not covered by the tax exempt amount).

LIDT Local tax - interest liable for interest down payment tax (proportion of gross interest per unit/interim
profits that is not covered by the credit in the interest pool).
LOCL Local tax.
LOTE Local tax - offset interest per unit against tax exempt amount (variation to offset interest per unit in
relation to tax exempt amount).
LYDT Local tax - yield liable for interest down payment tax.
MARG Margin amount.
PRMA Pre-arranged addition to the trade amount based on the published net asset value (Funds industry).
REFD Anticipated return of overpaid subscription money (Funds Industry).
ties.
STAM Stamp duty.
SUBS Interest received when a subscription amount is paid in advance and then invested by the Fund
Administrator for additional shares to that of the initial subscription amount (Funds Industry).
TRAN Transfer tax.
OTHR Other amount.
ZWIS Zwischengewinn.

code(s): C03, T40, T43).
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT

(Rate)
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
Option S 16c
PRESENCE

DEFINITION
CODES
AMT Amounts.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION

CODES

FORMAT

PRESENCE
QUALIFIER
or MERE N C4 P, R, or Q Recipient of Message

C9
3 or O INPA N C4 P, R or Q Interested Party

DEFINITION
EXCH Exchange.
VEND Vendor of the Settlement Standing Instruction database requested to be consulted through sequence D
ALTE Alternate ID.
INPA Interested Party. An interested party is not part of the transaction but must receive a copy of the
confirmation, eg, a trustee, an insurer. This party is not a settlement party nor a regulatory body.
CODES


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

CODES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

CODES
A001 30/360
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
86. Field 92a: Rate

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
rate.
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
ment.
code(s): C03, T40, T43).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
message.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

MT 516 Securities Loan Confirmation

Note: This message may only be sent and received after prior arrangements between the Sender and
Receiver.
MT 516 Scope
This message type is sent from one financial institution to another, both of which are involved in the lending of securities.
It is used to confirm the details of:
a new securities loan

a partial recall of securities previously out on loan
a partial return of securities previously out on loan
the close-out of a securities loan.

MT 516 Securities Loan Confirmation
Status Tag Field Name Content/Options No.
Sequence A Securities Loan/Recall/Return Identification
M 20 Transaction Reference Number 16x 1
O 21 Related Reference 16x 2
M 23 Further Identification 16x 3
M 31P Date Loan/Recall/Return Agreed 6!n[29x] 4
O 83C Safekeeping Account /34x 5
M 35B Identification of Securities [ISIN1!e12!c] 6

[4*35x]
O 35A Quantity of Securities 3!a15d 7
O 31L Payable Date 6!n 8
O 31X Ex Date [6!n[4!n]][7!a] 9
M 30 Effective Date 6!n 10
O 31F Expiry and Option Date of Loan 6!n[/6!n][//35x] 11
O 87a Receiver/Deliverer of Securities A or D 12
O 35N Quantity of Securities Recalled/Returned 3!a15d 13

Status Tag Field Name Content/Options No.
O 33T Market Price of Securities 3!a15d 14
Optional Sequence B Collateral Arrangements
O 37J Interest Rate on Securities 12d 15
O 26H Collateral Type 16x 16
O 33S Collateral Requirement 3!a15d 17
O 32a Cash Collateral Amount A or B 18
O 37a Rebate Agreed A, B, C, D, E or F 19
O 57a Account With Institution A, B or D 20
O 35S Quantity of Securities Transferred as Collateral 3!a15d 21
O 35B Identification of Securities [ISIN1!e12!c] 22

[4*35x]
O 87a Receiver/Deliverer of Securities A or D 23
Optional Sequence C
O 77D Special Terms and Conditions 6*35x 24
O 72 Sender to Receiver Information 6*35x 25

C1
Either field 35A or 35N must be present (Error code(s): C07).
C2
In sequence A, either field 83a or 87a, but not both, may be present (Error code(s): C67).
MT 516 Usage Rules

The details of a securities loan or its recall or return are usually agreed by the two parties via telephone or other means.
The confirmation of a recall or return must contain in field 35N the quantity of securities recalled or returned and in
field 35A the remaining quantity of securities out on loan.
Alternatively, if the practice is to close-out a loan in the event of a partial return or partial recall, fields 35A and 35N
must be equal.

Adjustments to the collateral amount must not be conveyed by this message. The MT 581 must be used to request or
confirm adjustments to the collateral amount.
The cancellation of this message must be conveyed using the MT 592 Request for Cancellation.
To amend or correct a securities loan confirmation, it is necessary to cancel the original message and send a new
confirmation message.
1. Field 20: Transaction Reference Number

FORMAT
16x
PRESENCE
Mandatory
DEFINITION
This field specifies the reference assigned by the Sender to unambiguously identify the message.
This field must not start or end with a slash ’/’ and not contain two consecutive slashes ’//’ (Error code(s): T26).
2. Field 21: Related Reference

FORMAT
16x
PRESENCE
Optional
DEFINITION
This field specifies the related reference.
This field must not start or end with a slash ’/’ and not contain two consecutive slashes ’//’ (Error code(s): T26).
USAGE RULES
This field must contain the contents of field 20 Transaction Reference Number of a previous MT 516 or 526 General Securi-
ties Lending/Borrowing Message.
The content of field 21 will normally be a reference meaningful to the Sender rather than the Receiver. This is because the
Sender will normally include the content of field 20 from the MT 516 previously transmitted rather than received.

3. Field 23: Further Identification

FORMAT
16x To be structured as:

6!a/6!a (Code) (Function)
PRESENCE
Mandatory
DEFINITION
This field further identifies the transaction, whether borrowing or lending and if a new loan, recall or return.
CODES
Code indicates whether the Sender is lending or borrowing the securities using one of the following codes:
BORROW The Sender is acting as a borrower of securities.
LENDER The Sender is acting as a lender of securities.
CODES
Function indicates the function of the message, using one of the following codes, preceded by a single slash ’/’:
NEWLON Confirmation of a new loan.
RECALL Confirmation of a request for a partial recall. This code may only be used when Code contains
BORROW.
RETURN Confirmation of a notice of a partial return. This code may only be used when Code contains
LENDER.
4. Field 31P: Date Loan/Recall/Return Agreed

FORMAT
Option P 6!n[29x] (Date) (Place)
PRESENCE
Mandatory

DEFINITION
This field specifies the date on which the loan, the recall or the return was agreed.
Date must be a valid date expressed as YYMMDD (Error code(s): T50).
USAGE RULES
Place may be used to specify where the loan was agreed, from the Sender’s viewpoint.
5. Field 83C: Safekeeping Account

FORMAT
Option C /34x (Account)
PRESENCE
Conditional (C2)
DEFINITION
This field specifies the safekeeping account from/to which securities are to be delivered/received.
USAGE RULES
This field is used when there is a direct account relationship between the Sender and Receiver which is to be used.
6. Field 35B: Identification of Securities on Loan

FORMAT

PRESENCE
Mandatory
DEFINITION
This field identifies the securities lent or borrowed by the Sender or being recalled or returned.

USAGE RULES
7. Field 35A: Quantity of Securities on Loan

FORMAT
Option A 3!a15d (Type) (Quantity)
PRESENCE
Conditional (C1)
DEFINITION
This field contains a specification of the type of securities, followed by the quantity of securities lent or borrowed by the
Sender, ie, field 23 contains the code NEWLON, or remaining on loan following a recall or return, ie, field 23 contains the
code RECALL or RETURN.
CODES
Type must contain one of the following codes (Error code(s): T58):
BON Bonds (when not traded by face amount)
CER Representative certificates
CPN Coupons
FMT Face or principal or nominal amount
MSC Miscellaneous
OPC Option contracts
OPS Option shares
PRC Premium contracts

PRS Premium shares
RTE Rentes
RTS Rights
SHS Shares
UNT Units, eg, consisting of a bond and a warrant
WTS Warrants
8. Field 31L: Payable Date

FORMAT
Option L 6!n (Date)
PRESENCE
Optional
DEFINITION
This field specifies the date on which income to be derived from the securities on loan is payable.
9. Field 31X: Ex Date

FORMAT
Option X [6!n[4!n]][7!a] (Date) (Time) (Code)
PRESENCE
Optional
DEFINITION
This field specifies the first day, and optionally the time, on which any transaction related to the securities on loan is
contracted without entitlement to any event related to the securities.

CODES
If the ex date is unknown, the following code must be used (Error code(s): T57):
UNKNOWN Ex date is unknown.
USAGE RULES
Either Date and Time, or Code, but not both, must be present.
10. Field 30: Effective Date

FORMAT
6!n (Date)
PRESENCE
Mandatory
DEFINITION
This field specifies the date either on which the securities loan will be effective or on which the securities on loan are to be
recalled or have been returned.
USAGE RULES
This field specifies the date on which the securities loan will be effective, when Function of field 23 consists of NEWLON.
It specifies the date on which the securities on loan are to be recalled or returned or have been returned, when Function of
field 23 consists of the code RECALL or RETURN.
11. Field 31F: Expiry/Option Date of Loan

FORMAT
Option F 6!n[/6!n][//35x] (Date) (Period Date) (Period Details)
PRESENCE
Optional

DEFINITION
This field specifies the expiry date or the option period of the loan and, optionally other details concerning the loan period.
Date and Period Date must be valid dates expressed as YYMMDD (Error code(s): T50).
USAGE RULES
Date specifies the effective end date of the loan. Period Date specifies the date from which the securities loaned may be
recalled by the Lender. Period Details may be used to specify other details concerning the loan period.
12. Field 87a: Receiver/Deliverer of Securities on Loan

FORMAT
Option A [/1!a][/34x] (Party Identifier)

4!a2!a2!c[3!c] (BIC)
Option D [/1!a][/34x] (Party Identifier)
4*35x (Name & Address)
PRESENCE
Conditional (C2)
DEFINITION
This field identifies the receiver or deliverer of securities on loan.
USAGE RULES
When field 23 contains BORROW, this field identifies either where the Sender wishes the securities to be received, ie, field
23 consists of BORROW/NEWLON, or where the Sender will deliver the securities, ie, field 23 consists of
BORROW/RETURN or BORROW/RECALL, when different from the Receiver.
When field 23 contains LENDER, this field identifies either from where the Sender will deliver the securities, ie, field 23
consists of LENDER/NEWLON, or where the Sender wishes to receive the securities, ie, field 23 consists of
LENDER/RECALL or LENDER/RETURN, when different from the Receiver.
13. Field 35N: Quantity of Securities Recalled/Returned

FORMAT
Option N 3!a15d (Type) (Quantity)

PRESENCE
Conditional (C1)
DEFINITION
This field contains a specification of the type of securities, followed by the quantity of securities being requested for recall
or notified of its return.
CODES
CPN Coupons
MSC Miscellaneous
OPS Option shares
PRS Premium shares
RTE Rentes
RTS Rights
SHS Shares
WTS Warrants
USAGE RULES
This field must be present when field 23 contains the code RECALL or RETURN and must not be present when field 23
contains the code NEWLON.
The code used in Type must be the same as that used in Type of field 35A.

14. Field 33T: Market Price of Securities

FORMAT
Option T 3!a15d (Currency) (Price)
PRESENCE
Optional
DEFINITION
This field specifies the currency and price per unit of the securities lent, borrowed, recalled or returned as evaluated on the
date the loan, recall or return was agreed, eg, field 31P.
Currency must be a valid ISO 4217 currency code or the code PCT, YLD or REN (Error code(s): T52).
USAGE RULES
This information along with that in fields 33S and 35A is the basis for calculating the amount of collateral required.
When the market price is expressed as a yield price, YLD may be used in Currency.
When the market price is expressed as a percentage or a revenue, the codes PCT or REN may be used.
In all cases, only the presence of the decimal comma will be validated.
15. Field 37J: Interest Rate on the Securities

FORMAT
Option J 12d (Rate)
PRESENCE
Optional
DEFINITION
This field specifies the interest rate to be paid by the borrower on the market value of the securities on loan.

16. Field 26H: Collateral Type

FORMAT
Option H 16x
PRESENCE
Optional
DEFINITION
This field specifies the type of collateral used in the securities loan.
CODES
One of the following codes must be used:
CASHCOLL Collateral in the form of cash.
EXISTING Collateral is already provided for under an existing agreement.
LETTCOLL Collateral in the form of a letter of credit or guarantee.
OTHECOLL Collateral in a form other than cash, letter of credit/guarantee or securities or mixed.
SECUCOLL Collateral in the form of securities.
USAGE RULES
When the code OTHECOLL is used, further details of the collateral arrangement must be specified in field 77D Special
Terms and Conditions.
This field should normally be present when field 23 contains the code NEWLON to specify the collateral arrangement.
17. Field 33S: Collateral Requirement

FORMAT
Option S 3!a15d (Code) (Amount)
PRESENCE
Optional
DEFINITION
This field is used to indicate the percentage amount of the market value of the securities loaned used in the calculation of the
amount of collateral required to cover the securities loan.

Code must contain PCT (Error code(s): T52).
USAGE RULES
Only the presence of the decimal comma will be validated.
18. Field 32a: Cash Collateral Amount

FORMAT
Option A 6!n3!a15d (Date) (Currency) (Amount)

Option B 3!a15d (Currency) (Amount)
PRESENCE
Optional
DEFINITION
This field specifies the currency and amount of the collateral to be transferred when in the form of cash.
Currency must be a valid ISO 4217 currency code (Error code(s): T52).
code(s): C03, T40, T43).
USAGE RULES
When option A is used, this field also specifies the value date of the transfer.
This field must be present when field 26H contains the code CASHCOLL or LETTCOLL and may be present when field
26H contains the code OTHECOLL or EXISTING.
19. Field 37a: Rebate Agreed

FORMAT
Option A 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)

Option B 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)
Option C 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)
Option D 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)
Option E 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)
Option F 12d[//6!n1!a3n][/16x] (Rate) (Period) (Information)

PRESENCE
Optional
DEFINITION
This field specifies the interest rate of the rebate agreed on the cash collateral. It specifies the interest rate and the method to
be used in the calculation of the interest amount.
The field tag letter option specifies the method of interest computation as follows:
Tag option Month of Year of
A 30 days 360 days
B 28-31 days 360 days
C 28-31 days 365/6 days
D 30 days 365/6 days
E 28-31 days 365 days
F 30 days 365 days
Period consists of the following components
6!n Last Date Date of the last day of the first interest period
1!a Indicator Code specifying the period between payments
3n Number Number of days or months between interest payments
CODES
When Period is present, one of the following must be used in Indicator (Error code(s): T61):
D Number of Days
M Number of Months
Last Date must be a valid date expressed as YYMMDD (Error code(s): T50).
length. (Error code(s): T40, T43).

20. Field 57a: Account With Institution

FORMAT

4!a2!a2!c[3!c] (BIC)
Option B [/1!a][/34x] (Party Identifier)
[35x] (Location)
PRESENCE
Optional
DEFINITION
This field identifies the financial institution which will pay or credit the lender of the securities on loan, or the borrower.
The BIC must not be a BEI, ie, must not be of subtype BEID, MCCO, TESP or TRCO (Error code(s): C05).
USAGE RULES
When field 23 contains NEWLON or RECALL, this field identifies the financial institution which will pay or credit the
lender of the securities on loan.
When field 23 contains RETURN, this field identifies the financial institution which will pay or credit the borrower of the
securities.
This field may only be present when the collateral is in the form of cash, eg, field 26H contains CASHCOLL, LETTCOLL
or OTHECOLL.
If field 26H contains LETTCOLL, this field may be used to identify the advise through bank.
21. Field 35S: Quantity of Securities Transferred as Collateral

FORMAT
Option S 3!a15d (Type) (Quantity)
PRESENCE
Optional
DEFINITION
This field contains a specification of the type of securities, followed by the quantity of securities being requested or trans-
ferred as collateral.

CODES
CPN Coupons
MSC Miscellaneous
OPS Option shares
PRS Premium shares
RTE Rentes
RTS Rights
SHS Shares
WTS Warrants
USAGE RULES
This field may only be present when the collateral is in the form of securities, eg, field 26H contains SECUCOLL,
OTHECOLL or EXISTING.
22. Field 35B: Identification of Securities Transferred as Collateral

FORMAT


PRESENCE
Optional
DEFINITION
This field identifies the securities being requested or transferred as collateral.
USAGE RULES
This field may only be present when the collateral is in the form of securities, eg, field 26H contains SECUCOLL,
OTHECOLL or EXISTING.
23. Field 87a: Receiver/Deliverer of Securities

FORMAT

4!a2!a2!c[3!c] (BIC)
PRESENCE
Optional
DEFINITION
This field identifies the financial institution which will receive securities used as collateral.

USAGE RULES
When field 23 contains NEWLON, this field identifies the financial institution which will receive securities used as collat-
eral, on behalf of the lender of the securities on loan.
When field 23 contains RETURN or RECALL, this field identifies the financial institution which will receive securities
used as collateral, on behalf of the borrower of the securities on loan.
This field may only be present in those cases where the collateral is in the form of securities, eg, field 26H contains SECU-
COLL, OTHECOLL or EXISTING.
24. Field 77D: Special Terms and Conditions

FORMAT
Option D 6*35x (Narrative)
PRESENCE
Optional
DEFINITION
This field contains additional information on terms and conditions of the securities loan or its recall or return.
CODES
One or more of the following codes may be used, followed by the necessary information:
/COLL/ Used to indicate the type of collateral used in those cases where field 26H contains OTHECOLL,
LETTCOLL or EXISTING.
/CUM/ Used to indicate that the securities lent are cum coupon or dividend.
/DIVREQ/ Used to indicate the percentage of the gross dividend that the beneficial owner will receive and is to
return to the lender. The percentage amount, ie, 15d, to be returned to the lender should follow the
code.
/EX/ Used to indicate that the securities lent are ex coupon or dividend.
25. Field 72: Sender to Receiver Information

FORMAT
6*35x (Narrative)

In addition to narrative text, structured text with the following line formats may be used:
Line 1 /8c/[additional information] Additional explanatory information,

which may be continued on the next
lines, is preceded by a double slash
’//’.
Lines 2-6 [//continuation of additional information]
or
[/8c/[additional information]]
PRESENCE
Optional
DEFINITION
This field is used to provide additional information about the securities loan.
CODES
One or more of the following codes may be used when field 23 contains RETURN or RECALL, and may be followed by
further information relative to the request to recall or notice of return:
COMPLETE Used to confirm a partial recall or return of securities out on loan which represents the final recall or
return or complete close-out.
PARTIAL Used to confirm the partial recall or return of securities out on loan.
USAGE RULES
Codes must be between slashes and must appear at the beginning of a line.
Narrative text must not begin with a slash and, if used, must begin on a new line and be the last information in the field.
The structured format may be used for bilaterally agreed codes.

MT 517 Trade Confirmation Affirmation
MT 517 Scope
This message is sent by an instructing party, eg, client, or its authorised representative, to a financial institution which had
previously sent a trade confirmation/contract note, eg, broker-dealer.
This message is used to positively affirm the details of a previously received confirmation/contract note. This message binds
the Sender and the Receiver of the message to the trade details contained in the confirmation being affirmed.
This message may be sent directly between the parties to the trade or via an ETC service provider.

MT 517 Trade Confirmation Affirmation
Name
M 95a AFFM Party Affirming Party P, Q or R 5
----->
Repetitive Mandatory Subsequence A1 Linkages

tion
-----| End of Mandatory Subsequence A1 Linkages


C1
If the Function of the Message (field 23G) is not CANC then field 13A Number Identification, must be present and
contain ’515’ in minimum one occurrence of the subsequence A1 Linkages. (Error code(s): E59).

if field :23G: is ... quence A1
field :13A is ...
Not CANC Mandatory and must contain ’515’ (note: it does

not need to be present in all occurrences of A1)
CANC Optional
C2

if field :23G: is... quence A1
CANC Mandatory (note: it does not need to be present in

all occurrences of A1)
Not CANC Optional
MT 517 Usage Rules

The affirming party may be used to specify the party which affirms the trade on behalf of the instructing party.

FORMAT
Option R 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Mandatory
DEFINITION
CODES
Function must contain the following code (Error code(s): T86):
CANC Cancellation This is a request to cancel a previously sent message.
NEWM New This is a new message.
CODES
owner/account servicer for information purposes and the message is a dupli-
cate of a message previously sent.
owner/account servicer for information purposes.
DUPL Duplicate The message is for information purposes. It is a duplicate of a message previ-
ously sent.
USAGE RULES
The function CANC must only be used by the Depository Trust Company (USA) to cancel same day affirmations. This is
for audit purposes only and does not cancel the trade itself.

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
5. Field 95a: Party: Affirming Party

FORMAT

PRESENCE
Mandatory
QUALIFIER
1 M AFFM N P, R or Q Affirming Party

DEFINITION
AFFM Party affirming the confirmation.

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Conditional (C1)
QUALIFIER

DEFINITION
USAGE RULES
Number Id specifies the MT number of the linked transaction.

FORMAT
PRESENCE
Mandatory
QUALIFIER

DEFINITION

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

MT 518 Market-Side Securities Trade Confirmation
MT 518 Scope
This message is sent by an executing party to its trade counterparty.
It is used to confirm the details of a trade.
request the cancellation of a previously sent confirmation

re-send a confirmation previously sent
provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.
This message may include, where necessary, the settlement details of the trade.
The market confirmation may be:
exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade
details
sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider.

MT 518 Market-Side Securities Trade Confirmation
Name

Indicator
O 13A LINK Number Identifi- Linked Transaction :4!c//3!c 7

cation

tion)

Name

Mandatory Sequence B Confirmation Details
----->

tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
----->
O 94a 4!c Place (see qualifier descrip- B or F 16

tion)
-----|
----->

tion)
-----|

tion)

Name
-----> Repetitive Mandatory Subsequence B1 Confirmation Parties
----->
M 95a 4!c Party (see qualifier description P, Q, R or S 21
-----|
----->

tion)
-----|
----->
O 70a 4!c Narrative (see qualifier descrip- C, D or E 25

tion)
-----|
-----| End of Mandatory Subsequence B1 Confirmation Parties
M 36B CONF Quantity of Quantity of Financial :4!c//4!c/15d 28

Financial Instru- Instrument Confirmed
ment

----->

tion)
-----|
----->

Name
O 12a 4!c Type of Finan- (see qualifier descrip- A, C or B 32

-----|

tion
----->
O 98A 4!c Date/Time (see qualifier descrip- :4!c//8!n 34

tion)
-----|
----->

tion)
-----|
----->
O 13a 4!c Number Identifi- (see qualifier descrip- A or B 36

cation tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
----->
O 36B 4!c Quantity of (see qualifier descrip- :4!c//4!c/15d 39

Financial Instru- tion)
ment
-----|

Attribute Narrative

----->

Name
O 13B CERT Number Identifi- Certificate Numbers :4!c/[8c]/30x 42

cation
-----|
----->
O 70E 4!c Narrative (see qualifier descrip- :4!c//10*35x 43

tion)
-----|

End of Sequence B Confirmation Details

----->

tion)
-----|
----->

tion)
-----|

tion) 48
-----> Repetitive Optional Subsequence C1 Settlement Parties

49
----->

tion) 50
-----|

Name

51

52

53
----->

tion) 54
-----|

55

-----> Repetitive Optional Subsequence C2 Cash Parties

56
----->

tion) 57
-----|
----->

tion) 58
-----|

59

60
----->

tion) 61
-----|

Name

62

-----> Repetitive Optional Subsequence C3 Amounts

63
----->

tion)
-----|
----->

tion)
-----|

-----> Repetitive Optional Sequence D Other Parties
----->

tion)
-----|
----->

tion)
-----|
----->

Name

tion)
-----|

----->

tion)
-----|
----->

tion)
-----|
----->

tion)
-----|
----->
O 99B 4!c Number Count (see qualifier descrip- 4!c//3!n 80

tion)
-----|
----->

tion)
-----|

Name

C1
present in the same subsequence. If the Exchange Rate is not present, the Resulting Amount is not allowed (Error
code(s): E62).
Present Mandatory
C2
If the Settlement Amount (:19A::SETT) is present in sequence B, it must not be present in any occurrence of Subse-
quence C3 (Error code(s): E73).
Sequence B Then, for each occurrence of subsequence C3

if field :19A::SETT is ... field :19A::SETT is ...
Present Not allowed
C3



C4
:95a::DEI4 :95a::INPA
:95a::DEI4
:95a::DEI5
:95a::DEI6
:95a::DEI7
:95a::DEI8
:95a::DEI9
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::REI3
:95a::REI4
:95a::REI5
:95a::REI6
:95a::REI7
:95a::REI8

:95a::REI9
:95a::SELL
C5
If a qualifier from the list Deliverers is present in a subsequence C1, in a field :95a::4!c, then all the remaining quali-
If a qualifier from the list Receivers is present in a subsequence C1, in a field :95a::4!c, then all the remaining quali-

C6
In subsequence C1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence. (Error
code(s): E52).
C7
In subsequence C1, if field :95C::PSET is present, then field :22F::STCO/[8c]/PHYS is mandatory in sequence C.
Present Mandatory
C7

If Seq. C is... and in Seq. C then Seq. D is... and in one occurrence of Seq. D
if field field :95a::VEND is...
:22F::DBNM//VEND
is... (*)

i.e. must be
present minimum
once
MT 518 Usage Rules

The receiver of financial instruments must be specified in the settlement parties subsequence.
message is not already identified in the confirmation parties sequence or the settlement parties sequence, then the origi-
nating party is identified in the other parties sequence as :95a::MEOR (Originator of Message).

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES


FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Mandatory
DEFINITION
CODES
CANC This is a request to cancel a previously sent confirmation.

NEWM This is a new confirmation.
CODES
USAGE RULES
To cancel a previously sent confirmation, Function is CANC. The reference in the linkage sequence must contain the

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES
system.

FORMAT
PRESENCE
Mandatory
QUALIFIER
DEFINITION
CODES
BASK Basket trade.
INDX Index trade.
LIST List trade.
PROG Program trade.
TRAD Trade.


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES

FORMAT
PRESENCE
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
LINK Linkages.

FORMAT
Option S 16c

PRESENCE
Mandatory
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT

PRESENCE
Mandatory

QUALIFIER
2 M SETT N A, B or C Settlement Date/Time
DEFINITION
CODES
codes:
CODES
In option B, when Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain one of the following
codes:


FORMAT

PRESENCE
Mandatory
QUALIFIER
DEFINITION
CODES

CODES
USAGE RULES
14. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER
3 O BAKL N A Backload Commission Rate
4 O ENTF N A Entrance Commission Rate
5 O NAVR N A Net Asset Value Ratio

DEFINITION
BAKL Backload commission rate (Funds Industry).
ENTF Entrance commission rate (Funds Industry).
NAVR Net Asset Value Ratio (Funds Industry).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
or divulge.
Sign must be present when Number is negative (Error code(s): T14).
USAGE RULES
Number specifies the number of days accrued.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
codes:
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
SETT Settlement amount of the trade.
code(s): C03, T40, T43).
USAGE RULES


FORMAT

PRESENCE
Mandatory
QUALIFIER
11 O TRCN R F Trade Regulatory Conditions
DEFINITION
RPOR If the trade is to be reported to additional parties.

CODES
When the Qualifier is BUSE, Indicator must contain one of the following codes:
BUYI Buy.
CROF Cross from (Funds Insdustry).
CROT Cross to (Funds Insdustry).
DIVR Reinvestment of dividend order (Funds Insdustry. Not to be used for corporate actions).
IPOO IPO order.
SELL Sell.
BUYI Buy.
SELL Sell.
CODES
If Data Source Scheme is not present, when the Qualifier is PRIC, Indicator must contain one of the following codes:

CODES
CODES
D Other Parties.
CODES
CODES
GENS This field specifies if the ETC service provider is to generate an MT 528 or MT 529.

NOGE This field specifies if the ETC service provider is not to generate an MT 528 or MT 529 where a
previous agreement to do so exists.
CODES
BLKO Block Order.
higher.
lower.

CODES

CODES
FREE Free.
CODES
CODES
securities.
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option R 16c
PRESENCE
Mandatory
DEFINITION
CODES

FORMAT


PRESENCE
Mandatory
QUALIFIER
DEFINITION
INVE Investor.
BUYR Buyer.
SELL Seller.
STBR Step-in -broker.

ALTE Alternate ID.
CODES

FORMAT

(Account Number)

PRESENCE
Optional
QUALIFIER
DEFINITION
this sequence.
CODES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
the transaction to this party.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION
party block.


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES

FORMAT
Option S 16c
PRESENCE
Mandatory
DEFINITION
CODES

Confirmed
FORMAT
PRESENCE
Mandatory
QUALIFIER
1 M CONF N B Quantity of Financial Instrument Confirmed
DEFINITION
CONF Quantity of financial instrument confirmed.

CODES
principal amount.

FORMAT

PRESENCE
Mandatory
DEFINITION
USAGE RULES


FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.

CODES
CODES
CODES
CODES
CODES
FULL Fully paid.

NILL Nill paid.
CODES
sequence.
CODES


FORMAT

Description)
PRESENCE
Optional
QUALIFIER
DEFINITION
OPST Option style.
OPTI Option type.
CODES
codes:
ASIA Asian style.

CODES
CALL Call option.
PUTO Put option.
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
Currency Code must be a valid ISO currency code (Error code(s): T52).

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
rities issue.

maturity date.
of the issue.
rity date.
ment.
35. Field 92A: Rate

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
37. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
7 O ODDC N B Old Coupon Flag

DEFINITION
COVE Covered flag.
CODES
N No.
Y Yes.

FORMAT

PRESENCE
Optional
QUALIFIER

DEFINITION
A).
(option A).
age (option A).
CODES
CODES

USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

Value)
DEFINITION

CODES
AMOR Quantity represents the current amortised face amount of a bond. eg, a periodic reduction of a bond’s
principal amount.
CODES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
42. Field 13B: Number Id: Certificate Numbers

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

USAGE RULES
numbers.

FORMAT
PRESENCE
Optional
QUALIFIER
2 O RSTR N E Restrictions
DEFINITION
fields of this message.
RSTR Restrictions Narrative information on potential restrictions linked to the

fund confirmed (funds industry).

FORMAT
Option S 16c
PRESENCE
Mandatory

DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT
PRESENCE
QUALIFIER


Indicator
DEFINITION
SETR Type of settlement transaction contained in the Settlement Details block of the message.

CODES
receiver).
tion arrangement.

Manager.
CODES

CODES
CODES
CODES

CODES
CODES
CHEC Cheque
GBSC UK domestic
USCH CHIPS (US)
USFW Fedwire (US)

CODES
CODES
USAGE RULES
47. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
CODES
N No.
Y Yes.

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES

FORMAT


PRESENCE
QUALIFIER

DEFINITION

ALTE Alternate ID.
CODES

USAGE RULES
The qualifiers used to identify the parties do not specify the business role of the parties but their position in the settlement
chain and the relationship which the parties have with one another.

FORMAT

(Account Number)
PRESENCE
Conditional (C6)
QUALIFIER
DEFINITION
SAFE Securities safekeeping account owned by (or held by) the party specified in this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES


FORMAT

PRESENCE
QUALIFIER
DEFINITION
ALTE Alternate ID.

CODES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
this sequence.
CHAR Account to be used for charges if different from the account for payment and which is held by the
COMM Account to be used for commission if different from the account for payment and which is held by the
TAXE Account to be used for taxes if different from the account for payment and which is held by the party

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional

QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c

PRESENCE
DEFINITION
CODES
AMT Amounts.
63. Field 17B: Flag

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
CODES
N No.

Y Yes.
USAGE RULES

FORMAT
PRESENCE
QUALIFIER
or AKTI N A Aktiengewinn
or BAKL N A Backload Fees Amount
or CBCH N A Correspondent Bank Charges
or CREB N A Rebate/Bonification
or DSCA N A Discount Amount
or ENTF N A Entrance Fees Amount
or EQUL N A Equalisation/Depreciation Deposit
or ISDI N A Issue Discount/Allowance

or LADT N A Local Tax (DE specific 1)
or LIDT N A Local Tax (DE specific 2)
or LOTE N A Local Tax (DE specific 3)
or LYDT N A Local Tax (DE specific 4)
or MACO N A Matching/Confirmation Fee
or POST N A Postage
or PRMA N A Premium Amount
or REFD N A Expected Refund
or SUBS N A Subscription Interest
or ANTO N A Net gain/loss Amount

or ZWIS N A Zwischengewinn
DEFINITION
taxes and charges, as well as amounts needed for accounting purposes, eg, original face value traded, broker commission,
etc. It specifies:
periods.
AKTI Aktiengewinn.
BAKL Backload fees amount (Funds Industry).
CBCH Charges of correspondent bank for transferring money (Funds industry).
CREB Discount on the subscription fee that would normally be paid to Fund Administrator to enter the Fund.
(Funds Industry).
DSCA Pre-arranged deduction to the trade amount based on the published net asset value (Funds industry).
ENTF Entrance fees amount (Funds Industry).
EQUL Part of an investors subscription amount that is held by the Fund in order to pay incentive / perfor-
mance fees at the fiscal year end. It may crystallise into shares depending on the High Water Mark of
the Fund and the subscription NAV (Funds industry).
LADT Local tax - subject to interest down payment tax (proportion of interest liable for interest down
payment tax/interim profit that is not covered by the tax exempt amount).
LIDT Local tax - interest liable for interest down payment tax (proportion of gross interest per unit/interim
profits that is not covered by the credit in the interest pool).

LOCL Local tax.
LOTE Local tax - offset interest per unit against tax exempt amount (variation to offset interest per unit in
relation to tax exempt amount).
LYDT Local tax - yield liable for interest down payment tax.
MARG Margin amount.
PRMA Pre-arranged addition to the trade amount based on the published net asset value (Funds industry).
REFD Anticipated return of overpaid subscription money (Funds Industry).
ties.
STAM Stamp duty.
SUBS Interest received when a subscription amount is paid in advance and then invested by the Fund
Administrator for additional shares to that of the initial subscription amount (Funds Industry).
TRAN Transfer tax.
OTHR Other amount.
ZWIS Zwischengewinn.

periods.
LOCL Local tax.
MARG Margin amount.
ties.
STAM Stamp duty.
TRAN Transfer tax.
OTHR Other amount.

code(s): C03, T40, T43).
USAGE RULES

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION


FORMAT

(Rate)
PRESENCE
Optional
QUALIFIER
DEFINITION
USAGE RULES

FORMAT
Option S 16c

PRESENCE
DEFINITION
CODES
AMT Amounts.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE

DEFINITION
CODES

FORMAT

PRESENCE
QUALIFIER

C8
or INPA N C4 P, R or Q Interested Party

DEFINITION
EXCH Exchange.
VEND Vendor of the Settlement Standing Instruction database requested to be consulted through sequence C
ALTE Alternate ID.
INPA Interested Party. An interested party is not part of the transaction but must receive a copy of the
confirmation, eg, a trustee, an insurer. This party is not a settlement party nor a regulatory body.
CODES


FORMAT

(Account Number)
PRESENCE
Optional
QUALIFIER
DEFINITION
this sequence.
CODES


FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES

FORMAT
Option R 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

FORMAT

PRESENCE
Optional
QUALIFIER
DEFINITION

CODES

FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION

CODES
A001 30/360.
A002 30/365.
A003 30/Actual.
A004 Actual/360.
A005 Actual/365.
A008 Actual/M.
A009 Actual/365L.
CODES
CODES


FORMAT
PRESENCE
Optional
QUALIFIER
DEFINITION
79. Field 92a: Rate

FORMAT


PRESENCE
Optional
QUALIFIER
DEFINITION
rate.
USAGE RULES

FORMAT
Option B 4!c//3!n (Qualifier) (Number)

PRESENCE
Optional
QUALIFIER
DEFINITION

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
ment.
code(s): C03, T40, T43).
USAGE RULES

FORMAT
PRESENCE
Optional
QUALIFIER

DEFINITION
message.

FORMAT
Option S 16c
PRESENCE
DEFINITION
CODES
REPO Repo Details.

SWIFTStandards - Category 5 Volume 1 Table Of Contents
Table of Contents
Legal Notices . . . . . . . . . . . . . . . . . . . . . . 2
Overview . . . . . . . . . . . . . . . . . . . . . . . 3
Added Message Types . . . . . . . . . . . . . . . . . . . . 3
Removed Message Types . . . . . . . . . . . . . . . . . . . 3
Modified Message Types . . . . . . . . . . . . . . . . . . . 3
MT 500 Instruction to Register . . . . . . . . . . . . . . . . . . 4
MT 500 Scope . . . . . . . . . . . . . . . . . . . . . . 4
MT 500 Format Specifications . . . . . . . . . . . . . . . . . . 4
MT 500 Network Validated Rules . . . . . . . . . . . . . . . . . 9
MT 500 Usage Rules . . . . . . . . . . . . . . . . . . . . 9
MT 500 Field Specifications (updated) . . . . . . . . . . . . . . . . 9
1. Field 16R: Start of Block . . . . . . . . . . . . . . . . . . 9
2. Field 20C: Reference: Sender’s Reference . . . . . . . . . . . . . . 10
3. Field 23G: Function of the Message . . . . . . . . . . . . . . . . 10
4. Field 98a: Date/Time: Preparation Date/Time . . . . . . . . . . . . . . 11
5. Field 22F: Indicator: Type of Instruction Indicator . . . . . . . . . . . . . 12
7. Field 22F: Indicator: Linkage Type Indicator . . . . . . . . . . . . . . 13
8. Field 13A: Number Identification: Linked Transaction . . . . . . . . . . . . 14
9. Field 20C: Reference . . . . . . . . . . . . . . . . . . . 14
10. Field 16S: End of Block . . . . . . . . . . . . . . . . . . 15
13. Field 20D: Reference . . . . . . . . . . . . . . . . . . . 16
14. Field 22F: Indicator (updated) . . . . . . . . . . . . . . . . . 17
15. Field 98a: Date/Time: Requested Registration Date . . . . . . . . . . . . 20
16. Field 35B: Identification of the Financial Instrument . . . . . . . . . . . . 21
17. Field 70C: Narrative: Registration Details . . . . . . . . . . . . . . 21
20. Field 12a: Type of Financial Instrument . . . . . . . . . . . . . . . 25
21. Field 11A: Currency: Currency of Denomination . . . . . . . . . . . . . 27
22. Field 98A: Date/Time (updated) . . . . . . . . . . . . . . . . 27
23. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . 29
24. Field 13a: Number Identification . . . . . . . . . . . . . . . . 30
25. Field 17B: Flag (updated) . . . . . . . . . . . . . . . . . . 31
26. Field 90a: Price . . . . . . . . . . . . . . . . . . . . 32
27. Field 36B: Quantity of Financial Instrument . . . . . . . . . . . . . . 34
28. Field 70E: Narrative: Financial Instrument Attribute Narrative . . . . . . . . . . 35
31. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument to be Registered . . 37
32. Field 97A: Account: Safekeeping Account . . . . . . . . . . . . . . 38
37. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . 40
38. Field 22F: Indicator . . . . . . . . . . . . . . . . . . . 41
39. Field 95a: Party . . . . . . . . . . . . . . . . . . . . 42
40. Field 94a: Place . . . . . . . . . . . . . . . . . . . . 43
41. Field 13B: Number Identification . . . . . . . . . . . . . . . . 44
42. Field 70C: Narrative . . . . . . . . . . . . . . . . . . . 45
46. Field 95U: Party: Name at Birth . . . . . . . . . . . . . . . . 47
47. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 48
Standards Release Guide 2003 - Final edition - February 2003 i

Table Of Contents SWIFTStandards - Category 5 Volume 1
48. Field 94C: Place . . . . . . . . . . . . . . . . . . . . 49

.
49. Field 70C: Narrative: Additional Text . . . . . . . . . . . . . . . . 49
.
50. Field 16S: End of Block . . . . . . . . . . . . . . . . . . . 50
.
.
.
53. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 51
.
.
.
MT 501 Confirmation of Registration or Modification . . . . . . . . . . . . . . 54
.
MT 501 Scope . . . . . . . . . . . . . . . . . . . . . . 54
.
MT 501 Format Specifications . . . . . . . . . . . . . . . . . . . 54
.
MT 501 Network Validated Rules . . . . . . . . . . . . . . . . . . 58
.
MT 501 Usage Rules . . . . . . . . . . . . . . . . . . . . . 59
.
MT 501 Field Specifications (updated) . . . . . . . . . . . . . . . . . 59
.
1. Field 16R: Start of Block . . . . . . . . . . . . . . . . . . . 59
.
2. Field 20C: Reference: Sender’s Reference . . . . . . . . . . . . . . . 59
.
.
.
5. Field 22F: Indicator: Type of Confirmation Indicator . . . . . . . . . . . . . 62
.
.
.
.
9. Field 20C: Reference . . . . . . . . . . . . . . . . . . . . 64
.
.
.
.
.
.
15. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 70
.
.
.
.
.
.
21. Field 98A: Date (updated) . . . . . . . . . . . . . . . . . . 76
.
22. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 78
.
23. Field 13a: Number Identification . . . . . . . . . . . . . . . . . 79
.
24. Field 17B: Flag (updated) . . . . . . . . . . . . . . . . . . 80
.
25. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 81
.
.
.
.
.
30. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Registered . . . . 86
.
31. Field 93B: Balance: Final Closing Balance . . . . . . . . . . . . . . . 87
.
32. Field 97A: Account: Safekeeping Account . . . . . . . . . . . . . . . 88
.
.
.
.
.
37. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 90
.
38. Field 22F: Indicator . . . . . . . . . . . . . . . . . . . . 91
.
39. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 92
.
40. Field 94a: Place . . . . . . . . . . . . . . . . . . . . . 93
.
41. Field 13B: Number Identification . . . . . . . . . . . . . . . . . 94
.
.
.
.
45. Field 95U: Party: Name at Birth . . . . . . . . . . . . . . . . . 97
.
46. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 97
.
47. Field 94C: Place . . . . . . . . . . . . . . . . . . . . 98
.
48. Field 70C: Narrative: Additional Text . . . . . . . . . . . . . . . . 99
.
ii Standards Release Guide 2003 - Final edition - February 2003


.
.
.
52. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 101
.
.
.
MT 502 Order to Buy or Sell . . . . . . . . . . . . . . . . . . . . 104
.
MT 502 Scope . . . . . . . . . . . . . . . . . . . . . . 104
.
MT 502 Format Specifications (updated) . . . . . . . . . . . . . . . . 104
.
MT 502 Network Validated Rules (updated) . . . . . . . . . . . . . . . . 111
.
MT 502 Usage Rules . . . . . . . . . . . . . . . . . . . . . 117
.
.
.
.
.
.
5. Field 22F: Indicator . . . . . . . . . . . . . . . . . . . . 120
.
.
.
.
9. Field 20C: Reference (updated) . . . . . . . . . . . . . . . . . 123
.
.
.
.
13. Field 94a: Place (updated) . . . . . . . . . . . . . . . . . . 125
.
.
15. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 127
.
16. Field 22F: Indicator: Type of Price . . . . . . . . . . . . . . . . 129
.
.
18. Field 22a: Indicator (updated) . . . . . . . . . . . . . . . . . 130
.
19. Field 98a: Date/Time (updated) . . . . . . . . . . . . . . . . . 139
.
20. Field 92A: Rate (updated) . . . . . . . . . . . . . . . . . . 140
.
21. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 141
.
.
23. Field 95a: Party (updated) . . . . . . . . . . . . . . . . . . 142
.
24. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 144
.
25. Field 98a: Date/Time: Processing Date/Time . . . . . . . . . . . . . . 145
.
26. Field 20C: Reference: Processing Reference . . . . . . . . . . . . . . 146
.
27. Field 70a: Narrative . . . . . . . . . . . . . . . . . . . . 147
.
28. Field 22F: Indicator: Party Capacity Indicator . . . . . . . . . . . . . . 147
.
.
.
31. Field 19A: Amount: Ordered Amount . . . . . . . . . . . . . . . . 150
.
.
.
.
.
.
37. Field 98A: Date . . . . . . . . . . . . . . . . . . . . . 158
.
38. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 159
.
.
40. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 161
.
41. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 162
.
.
.
.
45. Field 13a: Number Identification (updated) . . . . . . . . . . . . . . . 166
.
46. Field 70E: Narrative: Trade Instruction Processing Narrative . . . . . . . . . . . 167
.
.
.
.
50. Field 17B: Flag (deleted) . . . . . . . . . . . . . . . . . . . 175
.
Standards Release Guide 2003 - Final edition - February 2003 iii

50. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 175

.
.
.
53. Field 97a: Account: Safekeeping Account (updated) . . . . . . . . . . . . . 180
.
.
.
.
.
.
.
60. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 186
.
.
.
.
.
.
66. Field 17B: Flag (inserted) . . . . . . . . . . . . . . . . . . 189
.
67. Field 19A: Amount . . . . . . . . . . . . . . . . . . . . 190
.
68. Field 98a: Date/Time: Value Date . . . . . . . . . . . . . . . . . 193
.
69. Field 92B: Rate: Exchange Rate . . . . . . . . . . . . . . . . . 193
.
.
.
.
.
74. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 197
.
.
.
.
.
79. Field 98a: Date/Time: Closing Date/Time . . . . . . . . . . . . . . . 201
.
.
.
82. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 204
.
83. Field 99B: Number Count . . . . . . . . . . . . . . . . . . 205
.
84. Field 19A: Amount (updated) . . . . . . . . . . . . . . . . . 206
.
85. Field 70C: Narrative: Repurchase Narrative . . . . . . . . . . . . . . 207
.
.
MT 503 Collateral Claim . . . . . . . . . . . . . . . . . . . . 209
.
MT 503 Scope . . . . . . . . . . . . . . . . . . . . . . 209
.
.
.
MT 503 Usage Rules . . . . . . . . . . . . . . . . . . . . . 215
.
MT 503 Guidelines . . . . . . . . . . . . . . . . . . . . . 216
.
ISDA Definitions . . . . . . . . . . . . . . . . . . . . . 217
.
MT 503 Field Specifications . . . . . . . . . . . . . . . . . . . 218
.
.
.
.
4. Field 16R:Start of Block . . . . . . . . . . . . . . . . . . . 221
.
5. Field 22F: Indicator: Agreement Indicator . . . . . . . . . . . . . . . 221
.
6. Field 98A: Date: Agreement Date . . . . . . . . . . . . . . . . . 222
.
7. Field 13B: Number: Agreement Version Number . . . . . . . . . . . . . 223
.
8. Field 70C: Narrative: Agreement Narrative . . . . . . . . . . . . . . . 224
.
.
.
11. Field 22H: Indicator . . . . . . . . . . . . . . . . . . . . 225
.
12. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 227
.
13. Field 70C: Narrative: Party Contact Narrative . . . . . . . . . . . . . . 228
.
.
.
.
.
iv Standards Release Guide 2003 - Final edition - February 2003


.
.
20. Field 95a: Party: Exposed Party . . . . . . . . . . . . . . . . . 232
.
21. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 233
.
.
23. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 234
.
24. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 236
.
.
.
.
28. Field 20C: Reference: Collateral Reference . . . . . . . . . . . . . . 238
.
.
30. Field 98A: Date: Settlement Date . . . . . . . . . . . . . . . . . 240
.
.
.
33. Field 36B: Quantity of Financial Instrument: Quantity of Securities Collateral . . . . . . . 242
.
34. Field 17B: Flag: Ownership Flag . . . . . . . . . . . . . . . . . 243
.
.
.
37. Field 19B: Amount: Deposit Amount . . . . . . . . . . . . . . . . 245
.
38. Field 22H: Indicator: Type of Deposit Indicator . . . . . . . . . . . . . . 245
.
39. Field 98A: Date: Maturity Date . . . . . . . . . . . . . . . . . 246
.
.
.
42. Field 22H: Indicator: Type of Other Collateral Indicator . . . . . . . . . . . . 248
.
43. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 248
.
44. Field 95a: Party: Issuer . . . . . . . . . . . . . . . . . . . 249
.
45. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 250
.
.
.
MT 504 Collateral Proposal . . . . . . . . . . . . . . . . . . . . 252
.
MT 504 Scope . . . . . . . . . . . . . . . . . . . . . . 252
.
.
.
MT 504 Usage Rules . . . . . . . . . . . . . . . . . . . . . 268
.
MT 504 Guidelines . . . . . . . . . . . . . . . . . . . . . 268
.
.
.
.
.
.
4. Field 16R:Start of Block . . . . . . . . . . . . . . . . . . . 273
.
.
.
.
.
.
.
.
12. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 280
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21. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 285
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23. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 286
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24. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 288
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Standards Release Guide 2003 - Final edition - February 2003 v


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30. Field 98A: Date: Settlement/Delivery Date . . . . . . . . . . . . . . . 292
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36. Field 22a: Indicator . . . . . . . . . . . . . . . . . . . . 296
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38. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 301
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39. Field 97a: Account: Safekeeping Account . . . . . . . . . . . . . . . 304
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49. Field 22F: Indicator: Settlement Transaction Condition . . . . . . . . . . . . 310
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52. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 313
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59. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 317
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61. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 319
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67. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 326
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76. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 335
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MT 505 Collateral Substitution . . . . . . . . . . . . . . . . . . . 338
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MT 505 Scope . . . . . . . . . . . . . . . . . . . . . . 338
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MT 505 Usage Rules . . . . . . . . . . . . . . . . . . . . . 353
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MT 505 Guidelines . . . . . . . . . . . . . . . . . . . . . 353
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vi Standards Release Guide 2003 - Final edition - February 2003


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11. Field 22H: Indicator: Exposure Type Indicator . . . . . . . . . . . . . . 360
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12. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 361
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22. Field 98A: Date: Settlement/Delivery Date . . . . . . . . . . . . . . . 368
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30. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 377
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44. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 389
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51. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 393
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53. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 395
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59. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 402
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68. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 411
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MT 506 Collateral and Exposure Statement . . . . . . . . . . . . . . . . 414
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MT 506 Scope . . . . . . . . . . . . . . . . . . . . . . 414
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MT 506 Usage Rules . . . . . . . . . . . . . . . . . . . . . 423
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MT 506 Guidelines . . . . . . . . . . . . . . . . . . . . . 423
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2. Field 28E: Page Number/Continuation Indicator . . . . . . . . . . . . . . 425
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13. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 434
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22. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 439
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23. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 440
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25. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 441
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31. Field 98A: Date: Trade Date . . . . . . . . . . . . . . . . . . 447
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32. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 448
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33. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 449
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34. Field 99A: Number Count: Number of Days Accrued . . . . . . . . . . . . 450
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35. Field 22F: Indicator: Method of Interest Computation Indicator . . . . . . . . . . 450
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36. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 451
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38. Field 19B: Amount: Market Price Amount . . . . . . . . . . . . . . . 453
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40. Field 36B: Quantity of Financial Instrument: Quantity of Securities Valued . . . . . . . 454
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41. Field 92A: Rate: Securities Haircut . . . . . . . . . . . . . . . . 455
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44. Field 98A: Date . . . . . . . . . . . . . . . . . . . . . 457
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45. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 458
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viii Standards Release Guide 2003 - Final edition - February 2003

46. Field 70C: Narrative: Commodity Index Narrative . . . . . . . . . . . . . 458

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47. Field 12B: Type of Financial Instrument: Option Type . . . . . . . . . . . . 459
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50. Field 98A: Date . . . . . . . . . . . . . . . . . . . . . 461
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51. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 461
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52. Field 92A: Rate: Repurchase Rate . . . . . . . . . . . . . . . . . 462
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57. Field 22H: Indicator: Collateral Type Indicator . . . . . . . . . . . . . . 465
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58. Field 25D: Status: Settlement Status . . . . . . . . . . . . . . . . 466
.
59. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 466
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60. Field 99A: Number Count: Number of Days Accrued . . . . . . . . . . . . 467
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61. Field 22F: Indicator: Method of Interest Computation Indicator . . . . . . . . . . 468
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62. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 469
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64. Field 19B: Amount: Market Price Amount . . . . . . . . . . . . . . . 470
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67. Field 92A: Rate: Securities Haircut . . . . . . . . . . . . . . . . 473
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68. Field 98A: Date: Expiry Date . . . . . . . . . . . . . . . . . . 473
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69. Field 94B: Place . . . . . . . . . . . . . . . . . . . . 474
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70. Field 70C: Narrative: Rating Narrative . . . . . . . . . . . . . . . . 475
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79. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 480
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81. Field 19B: Amount . . . . . . . . . . . . . . . . . . . . 482
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MT 507 Collateral Status and Processing Advice . . . . . . . . . . . . . . . 484
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MT 507 Scope . . . . . . . . . . . . . . . . . . . . . . 484
.
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MT 507 Usage Rules . . . . . . . . . . . . . . . . . . . . . 494
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MT 507 Guidelines . . . . . . . . . . . . . . . . . . . . . 494
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12. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 502
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13. Field 25D: Status . . . . . . . . . . . . . . . . . . . . 503
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14. Field 24B: Reason . . . . . . . . . . . . . . . . . . . . 505
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Standards Release Guide 2003 - Final edition - February 2003 ix


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23. Field 22H: Indicator: Collateral Type Indicator . . . . . . . . . . . . . . 512
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24. Field 25D: Status: Collateral Status . . . . . . . . . . . . . . . . 513
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25. Field 24B: Reason: Rejection Reason . . . . . . . . . . . . . . . . 513
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26. Field 70D: Narrative: Reason Narrative . . . . . . . . . . . . . . . 514
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31. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 521
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40. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 530
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MT 508 Intra-Position Advice . . . . . . . . . . . . . . . . . . . 534
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MT 508 Scope . . . . . . . . . . . . . . . . . . . . . . 534
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MT 508 Usage Rules . . . . . . . . . . . . . . . . . . . . . 536
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12. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Settled . . . . . 543
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14. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 545
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15. Field 70E: Narrative: Settlement Instruction Processing Narrative . . . . . . . . . . 546
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16. Field 93A: Balance . . . . . . . . . . . . . . . . . . . . 546
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19. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 549
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MT 509 Trade Status Message . . . . . . . . . . . . . . . . . . . 551
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MT 509 Scope . . . . . . . . . . . . . . . . . . . . . . 551
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MT 509 Usage Rules . . . . . . . . . . . . . . . . . . . . . 554
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10. Field 25D: Status Code (updated) . . . . . . . . . . . . . . . . . 560
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12. Field 24B: Reason Code (updated) . . . . . . . . . . . . . . . . 564
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18. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 570
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19. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 571
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22. Field 19A: Amount (inserted) . . . . . . . . . . . . . . . . . 575
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23. Field 36B: Quantity of Financial Instrument (updated) . . . . . . . . . . . . 577
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MT 510 Registration Status and Processing Advice . . . . . . . . . . . . . . . 580
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MT 510 Scope . . . . . . . . . . . . . . . . . . . . . . 580
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MT 510 Usage Rules . . . . . . . . . . . . . . . . . . . . . 582
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10. Field 25D: Status . . . . . . . . . . . . . . . . . . . . 588
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12. Field 24B: Reason . . . . . . . . . . . . . . . . . . . . 590
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19. Field 95a: Party . . . . . . . . . . . . . . . . . . . . . 596
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20. Field 94a: Place . . . . . . . . . . . . . . . . . . . . . 597
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21. Field 13B: Number Identification . . . . . . . . . . . . . . . . . 598
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22. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 599
.
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24. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument to be Registered . . . 601
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25. Field 97A: Account: Safekeeping Account . . . . . . . . . . . . . . . 602
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MT 513 Client Advice Of Execution . . . . . . . . . . . . . . . . . . 603
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MT 513 Scope . . . . . . . . . . . . . . . . . . . . . . 603
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MT 513 Usage Rules . . . . . . . . . . . . . . . . . . . . . 615
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Standards Release Guide 2003 - Final edition - February 2003 xi


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5. Field 22F: Indicator: Trade Transaction Type Indicator . . . . . . . . . . . . 618
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13. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Partially Filled . . . 624
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14. Field 90a: Price: Deal Price . . . . . . . . . . . . . . . . . . 625
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16. Field 98a: Date/Time: Trade Date/Time . . . . . . . . . . . . . . . 627
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17. Field 94B: Place: Place of Trade . . . . . . . . . . . . . . . . . 628
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23. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 632
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24. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 634
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25. Field 99A: Number Count . . . . . . . . . . . . . . . . . . 635
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27. Field 19A: Amount: Settlement Amount . . . . . . . . . . . . . . . 637
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29. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 646
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32. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 650
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38. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Advised . . . . . 654
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44. Field 98A: Date/Time . . . . . . . . . . . . . . . . . . . 661
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45. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 663
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47. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 665
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48. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 666
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49. Field 36B: Quantity of Financial Instruments . . . . . . . . . . . . . . 667
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52. Field 13B: Number Identification: Certificate Number . . . . . . . . . . . . 670
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57. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 679
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67. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 689
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74. Field 19A: Amount . . . . . . . . . . . . . . . . . . . . 693
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81. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 700
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89. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 707
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MT 514 Trade Allocation Instruction . . . . . . . . . . . . . . . . . . 712
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MT 514 Scope . . . . . . . . . . . . . . . . . . . . . . 712
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MT 514 Usage Rules . . . . . . . . . . . . . . . . . . . . . 724
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6. Field 99B: Number Count . . . . . . . . . . . . . . . . . . . 728
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14. Field 98a: Date/Time . . . . . . . . . . . . . . . . . . . 734
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15. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 735
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16. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 737
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19. Field 19A: Amount . . . . . . . . . . . . . . . . . . . . 740
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21. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 746
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24. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 750
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Standards Release Guide 2003 - Final edition - February 2003 xiii


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36. Field 98A: Date/Time . . . . . . . . . . . . . . . . . . . 762
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37. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 764
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39. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 766
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40. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 767
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44. Field 13B: Number Id: Certificate Number . . . . . . . . . . . . . . . 771
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49. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 780
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59. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 790
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66. Field 19A: Amount . . . . . . . . . . . . . . . . . . . . 795
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73. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 802
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81. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 809
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MT 515 Client Confirmation of Purchase or Sale . . . . . . . . . . . . . . . 814
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xiv Standards Release Guide 2003 - Final edition - February 2003

MT 515 Scope . . . . . . . . . . . . . . . . . . . . . . 814

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MT 515 Usage Rules . . . . . . . . . . . . . . . . . . . . . 827
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4. Field 98a Date/Time: Preparation Date/Time . . . . . . . . . . . . . . 829
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12. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Partially Filled . . . 835
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15. Field 98a: Date/Time: Trade Date/Time . . . . . . . . . . . . . . . 838
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16. Field 94B: Place: Place of Trade . . . . . . . . . . . . . . . . . 839
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20. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 842
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26. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 854
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29. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 858
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35. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Confirmed . . . . 863
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41. Field 98A: Date/Time . . . . . . . . . . . . . . . . . . . 870
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42. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 872
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44. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 874
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45. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 875
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49. Field 13B: Number Id: Certificate Number . . . . . . . . . . . . . . . 879
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50. Field 70E: Narrative (updated) . . . . . . . . . . . . . . . . . 880
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54. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 888
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Standards Release Guide 2003 - Final edition - February 2003 xv


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64. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 898
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78. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 912
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86. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 918
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MT 516 Securities Loan Confirmation . . . . . . . . . . . . . . . . . . 923
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MT 516 Scope . . . . . . . . . . . . . . . . . . . . . . 923
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MT 516 Usage Rules . . . . . . . . . . . . . . . . . . . . . 924
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1. Field 20: Transaction Reference Number . . . . . . . . . . . . . . . 925
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2. Field 21: Related Reference . . . . . . . . . . . . . . . . . . 925
.
3. Field 23: Further Identification . . . . . . . . . . . . . . . . . 926
.
4. Field 31P: Date Loan/Recall/Return Agreed . . . . . . . . . . . . . . . 926
.
5. Field 83C: Safekeeping Account . . . . . . . . . . . . . . . . . 927
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6. Field 35B: Identification of Securities on Loan . . . . . . . . . . . . . . 927
.
7. Field 35A: Quantity of Securities on Loan . . . . . . . . . . . . . . . 928
.
8. Field 31L: Payable Date . . . . . . . . . . . . . . . . . . . 929
.
9. Field 31X: Ex Date . . . . . . . . . . . . . . . . . . . . 929
.
10. Field 30: Effective Date . . . . . . . . . . . . . . . . . . . 930
.
11. Field 31F: Expiry/Option Date of Loan . . . . . . . . . . . . . . . 930
.
12. Field 87a: Receiver/Deliverer of Securities on Loan . . . . . . . . . . . . . 931
.
13. Field 35N: Quantity of Securities Recalled/Returned . . . . . . . . . . . . 931
.
14. Field 33T: Market Price of Securities . . . . . . . . . . . . . . . . 933
.
15. Field 37J: Interest Rate on the Securities . . . . . . . . . . . . . . . 933
.
16. Field 26H: Collateral Type . . . . . . . . . . . . . . . . . . 934
.
17. Field 33S: Collateral Requirement . . . . . . . . . . . . . . . . 934
.
18. Field 32a: Cash Collateral Amount . . . . . . . . . . . . . . . . 935
.
19. Field 37a: Rebate Agreed . . . . . . . . . . . . . . . . . . 935
.
20. Field 57a: Account With Institution (updated) . . . . . . . . . . . . . . 937
.
21. Field 35S: Quantity of Securities Transferred as Collateral . . . . . . . . . . . 937
.
22. Field 35B: Identification of Securities Transferred as Collateral . . . . . . . . . . 938
.
xvi Standards Release Guide 2003 - Final edition - February 2003

23. Field 87a: Receiver/Deliverer of Securities . . . . . . . . . . . . . . . 939

.
24. Field 77D: Special Terms and Conditions . . . . . . . . . . . . . . . 940
.
25. Field 72: Sender to Receiver Information . . . . . . . . . . . . . . . 940
.
MT 517 Trade Confirmation Affirmation . . . . . . . . . . . . . . . . . 942
.
MT 517 Scope . . . . . . . . . . . . . . . . . . . . . . 942
.
.
.
MT 517 Usage Rules . . . . . . . . . . . . . . . . . . . . . 943
.
.
.
.
.
.
5. Field 95a: Party: Affirming Party . . . . . . . . . . . . . . . . . 946
.
.
.
.
.
.
MT 518 Market-Side Securities Trade Confirmation . . . . . . . . . . . . . . 951
.
MT 518 Scope . . . . . . . . . . . . . . . . . . . . . . 951
.
.
.
MT 518 Usage Rules . . . . . . . . . . . . . . . . . . . . . 963
.
.
.
.
.
.
.
.
.
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.
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19. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 983
.
.
.
22. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 986
.
.
.
.
.
.
28. Field 36B: Quantity of Financial Instrument: Quantity of Financial Instrument Confirmed . . . . 991
.
.
.
.
.
.
34. Field 98A: Date/Time . . . . . . . . . . . . . . . . . . . 998
.
35. Field 92A: Rate . . . . . . . . . . . . . . . . . . . . . 1000
.
.
37. Field 17B: Flag . . . . . . . . . . . . . . . . . . . . . 1002
.
Standards Release Guide 2003 - Final edition - February 2003 xvii

38. Field 90a: Price . . . . . . . . . . . . . . . . . . . . . 1003

.
.
.
.
42. Field 13B: Number Id: Certificate Numbers . . . . . . . . . . . . . . 1007
.
43. Field 70E: Narrative (updated) . . . . . . . . . . . . . . . . . 1008
.
.
.
.
.
47. Field 11A: Currency . . . . . . . . . . . . . . . . . . . . 1016
.
.
.
.
.
.
.
.
.
.
57. Field 97A: Account . . . . . . . . . . . . . . . . . . . . 1026
.
.
.
.
.
.
.
.
.
.
.
.
.
.
71. Field 97a: Account . . . . . . . . . . . . . . . . . . . . 1041
.
.
.
.
.
.
.
.
79. Field 92a: Rate . . . . . . . . . . . . . . . . . . . . . 1047
.
.
.
.
.
xviii Standards Release Guide 2003 - Final edition - February 2003

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Standards Release Guide 2003 - Final edition - February 2003 3

MT 500 Instruction to Register

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MT 500 Format Specifications

Mandatory Sequence A General Information

M 16R Start of Block GENL 1

M 20C SEME Reference Sender’s Reference :4!c//16x 2

M 23G Function of the Message 4!c[/4!c] 3

O 98a PREP Date/Time Preparation Date/Time A or C 4

M 22F INST Indicator Type of Instruction Indica- :4!c/[8c]/4!c 5

M 16R Start of Block LINK 6

O 22F LINK Indicator Linkage Type Indicator :4!c/[8c]/4!c 7

O 13A LINK Number Identifica- Linked Transaction :4!c//3!c 8

M 20C 4!c Reference (see qualifier description) :4!c//16x 9

M 16S End of Block LINK 10

-----| End of Subsequence A1 Linkages

4 Standards Release Guide 2003 - Final edition - February 2003

M 16S End of Block GENL 11

End of Sequence A General Information

Mandatory Sequence B Registration Details

M 16R Start of Block REGDET 12

M 20D 4!c Reference (see qualifier description) :4!c//25x 13

M 22F 4!c Indicator (see qualifier description) :4!c/[8c]/4!c 14

O 98a RREG Date/Time Requested Registration A or C 15

M 35B Identification of the Finan- [ISIN1!e12!c] 16

O 70C REGI Narrative Registration Details :4!c//4*35x 17

Optional Subsequence B1 Financial Instrument Attributes

M 16R Start of Block FIA 18

O 22F 4!c Indicator (see qualifier description) :4!c/[8c]/4!c 19

O 12a 4!c Type of Financial (see qualifier description) A, B or C 20

O 11A DENO Currency Currency of Denomination :4!c//3!a 21

O 98A 4!c Date (see qualifier description) :4!c//8!n 22

Standards Release Guide 2003 - Final edition - February 2003 5

O 92A 4!c Rate (see qualifier description) :4!c//[N]15d 23

O 13a 4!c Number Identifica- (see qualifier description) A or B 24

O 17B 4!c Flag (see qualifier description) :4!c//1!a 25

O 90a 4!c Price (see qualifier description) A or B 26

O 36B 4!c Quantity of Finan- (see qualifier description) :4!c//4!c/15d 27

O 70E FIAN Narrative Financial Instrument :4!c//10*35x 28

M 16S End of Block FIA 29

End of Subsequence B1 Financial Instrument Attributes

M 16R Start of Block FIAC 30

M 36B QREG Quantity of Finan- Quantity of Financial :4!c//4!c/15d 31

M 97A SAFE Account Safekeeping Account :4!c//35x 32

M 16S End of Block FIAC 33

End of Subsequence B2 Financial Instrument/Account

M 16S End of Block REGDET 34

End of Sequence B Registration Details

6 Standards Release Guide 2003 - Final edition - February 2003

M 16R Start of Block CLTDET 35

Optional Subsequence C1 Address

M 16R Start of Block ADDRESS 36

M 17B 4!c Flag (see qualifier description) :4!c//1!a 37

O 22F 4!c Indicator (see qualifier description) :4!c/[8c]/4!c 38

O 95a 4!c Party (see qualifier description) P, R, S or U 39