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, that is, Pre-Allocation Condition, must 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.
