Show/Hide TOC

MT 507 Field Specifications

37. Field 22F: Indicator: Settlement Transaction Condition Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

PRESENCE

Optional in conditional (see rule C11) subsequence B1b

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O STCO N   F Settlement Transaction Condition Indicator

DEFINITION

This qualified generic field specifies:

STCO Settlement Transaction Condition Indicator Specifies the conditions under which the collateral is to be settled.

CODES

If Data Source Scheme is not present, Indicator must contain the following code (Error code(s): K22):

NSSP Standing Settlement Parties Override Standing settlement parties have to be overridden.