MT 515 Field Specifications

16. Field 94B: Place: Place of Trade

FORMAT

Option B :4!c/[8c]/4!c[/30x] (Qualifier) (Data Source Scheme) (Place Code) (Narrative)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O TRAD N   B Place of Trade

DEFINITION

This qualified generic field specifies:

TRAD Place at which the partial trade is to be/was executed.

CODES

If Data Source Scheme is not present, Place Code must contain one of the following codes (Error code(s): K94):

EXCH The place of trade was a stock exchange.
OTCO The place of trade was over the counter.
PRIM Place of trade is the primary market.
SECM Place of trade is the secondary market.
VARI Various places of trade.

NETWORK VALIDATED RULES

Narrative must not start or end with a slash '/' and not contain two consecutive slashes '//' (Error code(s): T26).

USAGE RULES

When Place Code is OTCO, Narrative must specify the system, eg, OTCO/TELEKURS. When Place Code is EXCH, Narrative must specify the Market Identifier Code (MIC), eg, EXCH/XNYS for the New York Stock Exchange.