MT 504 Field Specifications
65. Field 22a: Indicator
FORMAT
Option H |
:4!c//4!c |
(Qualifier) (Indicator) |
Option F |
:4!c/[8c]/4!c |
(Qualifier) (Data Source Scheme) (Indicator) |
PRESENCE
Mandatory in a conditional (C7, C8) sequence
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
M |
SCOL |
N |
|
H |
Collateral Settlement Type Indicator |
2 |
O |
STCO |
R |
|
F |
Settlement Transaction Condition |
3 |
O |
TRCA |
N |
|
F |
Party Capacity Indicator |
4 |
O |
STAM |
N |
|
F |
Stamp Duty Indicator |
5 |
O |
RTGS |
N |
|
F |
Real-Time Gross Settlement Override Indicator |
6 |
O |
REGT |
N |
|
F |
Registration Override Indicator |
7 |
O |
BENE |
N |
|
F |
Beneficial Ownership Override Indicator |
8 |
O |
CASY |
N |
|
F |
Cash Settlement System Indicator |
DEFINITION
This qualified generic field specifies:
SCOL |
Collateral Settlement Type Indicator |
The type of settlement of the collateral. |
STCO |
Settlement Transaction Condition |
Conditions under which the collateral is to be settled. |
TRCA |
Party Capacity Indicator |
Party which has a specific role in the settlement of the transaction. |
STAM |
Stamp Duty Indicator |
Indicates the stamp duty type or exemption reason applicable to the settlement transaction. |
RTGS |
Real-Time Gross Settlement Override Indicator |
Indicates whether the transaction settles through an RTGS or a non RTGS system for securities. |
REGT |
Registration Override Indicator |
Indicates whether the standing arrangement for registration is overridden or not. |
BENE |
Beneficial Ownership Override Indicator |
Indicates whether the standing arrangement for the beneficial ownership is overridden or not. |
CASY |
Cash Settlement System Indicator |
Indicates the Cash Settlement System. |
CODES
If Qualifier is SCOL, Indicator must contain one of the following codes (Error code(s): K22):
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 (Error code(s): K22):
EXER
|
Exercised
|
Settlement transaction relates to options, futures or derivatives that are exercised.
|
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 Allowed |
Partial settlement is not allowed. |
NSSP |
Standing Settlement Parties Override |
The standing settlement parties have to be overridden. |
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 (Error code(s): K22):
CUST |
Settling as a Custodian. |
SAGE |
Settling as an Agent. |
SPRI |
Settling as a Principal. |
CODES
When Qualifier is STAM, the Data Source Scheme should be used to indicate the stamp duty type or exemption reason, for example, 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 (Error code(s): K22):
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 (Error code(s): K22):
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
When Qualifier is BENE and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):
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 (Error code(s): K22):
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 |
GROS |
Gross settlement system |
HERM |
HERMES EURO (GR) |
HSVP |
HSVP (HR) |
IRIS |
IRIS (IE) |
LIPS |
LIPS GROSS (LU) |
LVTS |
LVTS (CA) |
NETS |
Net settlement system |
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 |