MT 502 Field Specifications
5. Field 22F: Indicator
FORMAT
 Option F |
:4!c/[8c]/4!c |
(Qualifier) (Data Source Scheme) (Indicator) |
PRESENCE
Mandatory
QUALIFIER
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|
| 1 |
M |
TRTR |
N |
|
F |
Trade Transaction Type |
| 2 |
O |
PRCO |
N |
|
F |
Pre-Allocation Condition |
DEFINITION
This qualified generic field specifies:
| TRTR |
Specifies the type of transaction of which the order is a component. |
| PRCO |
Specifies the method used to round up, round down or pro-rate the quantity of securities to allocate. |
| 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 (Error code(s): K22):
| BASK |
Basket trade. The transaction is a single order to buy and sell several financial instruments for the purpose of simultaneous buying and selling. Baskets are often used for a set of 15 or more financial instruments and play a role in arbitrage activity. |
| INDX |
Index trade. The transaction is a single order to buy or sell all underlying financial instruments of an index, e.g., S&P500. |
| LIST |
List trade. |
| PROG |
Program trade. The transaction relates to computer-driven automatically executed trades in large volumes of a set of several financial instruments. |
| TRAD |
Trade. |
| 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 (Error code(s): K22):
| 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. |
