MT 504 Format Specifications

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 proposal consists of five sequences.

Sequence A General Information provides general information about the message and the collateral transaction, 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 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. This subsequence also contains the valuation 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

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
----->
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	2
-----|
M	23G			Function of the Message	4!c[/4!c]	3
-----> 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 Number	:4!c/[8c]/30x	7
O	70C	AGRE	Narrative	Agreement Narrative	:4!c//4*35x	8
M	16S			End of Block	AGRE	9
-----| End of Subsequence A1 Agreement
O	98a	PREP	Date/Time	Preparation Date/Time	A or C	10
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	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
M	16R			Start of Block	LINK	14
O	13a	LINK	Number Identification	Linked Message	A or B	15
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	16
M	16S			End of Block	LINK	17
-----| End of Subsequence A2 Linkages
M	16S			End of Block	GENL	18
End of Sequence A General Information Mandatory Sequence B Summary
M	16R			Start of Block	SUMM	19
M	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
-----| ----->
O	98a	4!c	Date/Time	(see qualifier description)	A or C	24
-----|
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 Mandatory Sequence C Collateral Details
M	16R			Start of Block	COLD	27
M	20C	COLR	Reference	Collateral Reference	:4!c//16x	28
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	29
-----|
O	98A	SETT	Date	Settlement Date	:4!c//8!n	30
Optional Subsequence C1 Securities Collateral Details
M	16R			Start of Block	SCOL	31
M	35B			Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	32
M	36B	COLL	Quantity of Financial Instrument	Quantity of Securities Collateral	:4!c//4!c/15d	33
O	17B	OWNF	Flag	Ownership Flag	:4!c//1!a	34
Optional Subsequence C1a Settlement Details
M	16R			Start of Block	SETDET	35
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	36
-----| -----> Repetitive Optional Subsequence C1a1 Settlement Parties
M	16R			Start of Block	SETPRTY	37
----->
M	95a	4!c	Party	(see qualifier description)	C, P, Q, R or S	38
-----|
O	97a	SAFE	Account	Safekeeping Account	A or B	39
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	40
M	16S			End of Block	SETPRTY	41
-----| End of Subsequence C1a1 Settlement Parties
M	16S			End of Block	SETDET	42
End of Subsequence C1a Settlement Details
M	16S			End of Block	SCOL	43
End of Subsequence C1 Securities Collateral Details Optional Subsequence C2 Cash Collateral Details
M	16R			Start of Block	CCOL	44
M	19B	DEPO	Amount	Deposit Amount	:4!c//3!a15d	45
M	22H	DEPO	Indicator	Type of Deposit Indicator	:4!c//4!c	46
O	98A	TERM MATU	Date	Maturity Date	:4!c//8!n	47
Optional Subsequence C2a Cash Settlement Details
M	16R			Start of Block	CASHSET	48
O	22F	STCO	Indicator	Settlement Transaction Condition	:4!c/[8c]/4!c	49
-----> Repetitive Optional Subsequence C2a1 Cash Parties
M	16R			Start of Block	CSHPRTY	50
----->
M	95a	4!c	Party	(see qualifier description)	P, Q, R or S	51
-----| ----->
O	97A	4!c	Account	(see qualifier description)	:4!c//35x	52
-----|
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	53
M	16S			End of Block	CSHPRTY	54
-----| End of Subsequence C2a1 Cash Parties
M	16S			End of Block	CASHSET	55
End of Subsequence C2a Cash Settlement Details
M	16S			End of Block	CCOL	56
End of Subsequence C2 Cash Collateral Details Optional Subsequence C3 Other Collateral Details
M	16R			Start of Block	BCOL	57
M	22H	BCOL	Indicator	Type of Other Collateral Indicator	:4!c//4!c	58
----->
M	98a	4!c	Date/Time	(see qualifier description)	A or B	59
-----|
M	95a	ISSU	Party	Issuer	P, Q or R	60
M	19B	4!c	Amount	(see qualifier description)	:4!c//3!a15d	61
M	16S			End of Block	BCOL	62
End of Subsequence C3 Other Collateral Details
M	16S			End of Block	COLD	63
-----| End of Sequence C Collateral Details Optional Sequence D Settlement Details
M	16R			Start of Block	SETDET1	64
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	65
-----| -----> Repetitive Optional Subsequence D1 Settlement Parties
M	16R			Start of Block	SETPRTY1	66
----->
M	95a	4!c	Party	(see qualifier description)	C, P, Q, R or S	67
-----|
O	97a	SAFE	Account	Safekeeping Account	A or B	68
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	69
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
O	22F	STCO	Indicator	Settlement Transaction Condition	:4!c/[8c]/4!c	73
----->Repetitive Optional Subsequence E1 Cash Parties
M	16R			Start of Block	CSHPRTY1	74
----->
M	95a	4!c	Party	(see qualifier description)	P, Q, R or S	75
-----| ----->
O	97A	4!c	Account	(see qualifier description)	:4!c//35x	76
-----|
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	77
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 Optional Sequence F Additional Information
M	16R			Start of Block	ADDINFO	80
----->
O	95a	4!c	Party	(see qualifier description)	P, R or Q	81
-----|
M	16S			End of Block	ADDINFO	82
End of Sequence F Additional Information
M = Mandatory O = Optional