MT 515 Field Specifications

25. Field 22a: Indicator

FORMAT

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

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	BUSE	N	C7	H	Buy/Sell Indicator
2	O	PRIC	N		F	Type of Price
3	O	PROC	N		F	Processing Indicator
4	O	RPOR	R		F	Reporting Indicator
5	O	PRIR	N		F	Priority Indicator
6	O	SETG	N		F	Settlement Instruction Generation Indicator
7	O	TTCO	R		F	Trade Transaction Condition Indicator
8	O	COST	N		F	Commission Type
9	M	PAYM	N		H	Payment Indicator
10	O	CATB	N		F	Charges/Tax Basis
11	O	TRCN	R		F	Trade Regulatory Conditions Indicator
12	O	CAOP	N		H	Corporate Action Option Code
13	O	ECIO	N		F	Capital Gain In/Out Indicator
14	O	TSTA	N		F	TIS Calculated Indicator

DEFINITION

This qualified generic field specifies:

BUSE	Whether the message relates to the sale or purchase of financial instruments, as shown in the original order to buy or Sell.
PRIC	Type of price identified in deal price.
PROC	Additional information relative to the processing of the trade.
RPOR	If the trade is to be reported to other parties.
PRIR	Execution priority of the trade.
SETG	Generation of a settlement instruction by an ETC service provider.
TTCO	Conditions under which the order/trade is to be/was executed.
COST	Commission type under which the order/trade is to be/was executed.
PAYM	Whether the transaction is free or against payment.
CATB	Charges/tax basis under which the order/trade is to be/was executed.
TRCN	Trade regulatory conditions, eg, in the US under Sec regulation 10.b.10.
CAOP	Possible options or choices available to account owner (for investment funds).
ECIO	Specifies whether the capital gain is in the scope of the EU Savings directive for the income realised upon the sale, refund or redemption of shares and units (...) (Article 6(1d)).
TSTA	Specifies whether the fund calculates the TIS.

CODES

When Qualifier is BUSE, Indicator must contain one of the following codes (Error code(s): K22):

BUYI	Buy.
CROF	Cross from (Funds Industry).
CROT	Cross to (Funds Industry).
DIVR	Reinvestment of dividend order (Funds Industry. Not to be used for corporate actions).
IPOO	IPO order.
REDM	Redemption of funds.
SELL	Sell.
SUBS	Subscription to funds.
SWIF	Switch from. (Change an investment from one sub-fund to another sub-fund).
SWIT	Switch to. (Change an investment from one sub-fund to another sub-fund).

CODES

If Data Source Scheme is not present and Qualifier is PRIC, Indicator must contain one of the following codes (Error code(s): K22):

AVER	The price is an average execution price relating to partial fills.
AVOV	In partial fills, the deal price is an override of the average price.
GREX	Gross execution price. The price is an all inclusive price, ie, including all charges, fees and taxes.
NET1	The price is a net price - ie, net of all charges, fees, taxes.
NET2	The price is a net price - net only of local broker's commission, local fees, local taxes, etc.
PARV	The price is a par value or equal to the nominal or face value of the instrument.
RDAV	The price is a rounded average price.

CODES

If Data Source Scheme is not present and Qualifier is PROC, Indicator must contain one of the following codes (Error code(s): K22):

CLOA	The movement relates to a closure of an account.
CLOP	The trade is to close a position.
OPEP	The trade is to open a position.

CODES

If Data Source Scheme is not present and Qualifier is RPOR, Indicator must contain one of the following codes (Error code(s): K22):

EXCH	The trade details are to be reported to a stock exchange. This stock exchange is identified in sequence E Other Parties.
TRRE	The trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence E Other Parties.

CODES

If Data Source Scheme is not present and Qualifier is PRIR, Indicator must contain a numerical value in the range 0001 - 9999 where 0001 refers to the highest priority. (Error code(s): K22).

CODES

If Data Source Scheme is not present and Qualifier is SETG, Indicator must contain one of the following codes (Error code(s): K22):

GENS	This field specifies if the ETC service provider is to generate an MT 528 or 529.
NOGE	This field specifies if the ETC service provider is not to generate an MT 528 nor 529 where a previous agreement to do so exists.

CODES

If Data Source Scheme is not present and Qualifier is TTCO, Indicator must contain one of the following codes (Error code(s): K22):

BCRO	Result of option when set (UK specific).
BCRP	Result of repo when set (UK specific).
BCPD	Place of delivery; in country of incorporation when unset (UK specific).
BCFD	Form of delivery; not for foreign registration when unset (UK specific).
BCBL	Board lots; not set for odd lots (UK specific).
BCBN	Bad names, not set for good names (UK specific).
BLKO	Block order. Trade is a block trade, allocation instructions will follow.
BLKO	Block order.
BTEX	Trade to be/was done at best execution. price.
BTMI	Bought minus indicator.
CBNS	Trade executed cum bonus.
CCPN	Trade executed cum coupon.
CDIV	Trade executed cum dividend.
CLEN	Clean - do not pay government tax on the accrued interest on the bond, and consequently price is higher.
CRST	Cross trade allowed. Cross trades are allowed whereby buy and sell orders are offset without recording the trade on the exchange.
CRST	Cross trade allowed.
CRTS	Trade executed cum rights.
CWAR	Trade executed cum warrants.
DIOR	Directed order. Order must be executed with a specific trading party.
DIRT	Dirty. Trade is executed dirty.
DIOR	Directed order - This is an order that the Receiver of the message is to execute the trade with a specific broker, or other financial institution.
DIRT	Dirty - must pay government tax on accrued interest on the bond, and consequently the bond price is lower.
DORD	Direct order. Order - This is an order to be executed by a trading party broker other than the trading executing party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice MT 513 Advice of execution Execution to the executing party. to which this message is sent and which is acting as the clearing broker.
FORW	Order is based on forward price. Price will be calculated after the close of the dealing period.
FORW	Order is based on forward price.
FRAC	Fractional parts allowed.
GTDL	Guaranteed Delivery: Delivery of the financial instrument on settlement date is guaranteed.
GTDL	Trade to be settled with guaranteed delivery.
HIST	Order is based on historic price.
NCRS	No cross trade allowed.
SETI	Sold exempt indicator - the The sale is exempt from short-sale rules.
SPCU	Trade Executed Special Cum Dividend: Trade is executed with a special cum dividend, i.e., buying after the ex date and getting the dividend.
SPEX	Trade Executed Special Ex Dividend: Trade is executed with a special ex dividend, i.e., selling before the ex date without the coupon.
SPCU	Special cum dividend - buying after the ex date and getting a dividend.
SPEX	Special ex dividend - selling before the ex date without the coupon.
SPSI	Sold plus indicator.
SSTI	Sold short indicator.
XBNS	Trade executed ex bonus.
XCPN	Trade executed ex coupon.
XDIV	Trade executed ex dividend.
XRTS	Trade executed ex rights.
XWAR	Trade executed ex warrants.

CODES

If Data Source Scheme is not present and Qualifier is COST, Indicator must contain one of the following codes (Error code(s): K22):

CLDI	Commission is as per client agreement. type is client directed commission.
FLAT	Commission is a flat fee.
FLAT	Commission basis is a flat fee for the transaction.
PERN	Commission type is a percentage of the principal.
PERU	Commission basis is per unit of financial instrument.
PWCD	Commission type is a percentage commission waived as cash discount.
PWEU	Commission type is a percentage commission waived as additional units.
SOFT	Commission type is a percentage (soft dollar) commission.
STEP	Commission type is for step-out trade.

CODES

When Qualifier is PAYM, Indicator must contain one of the following codes (Error code(s): K22):

APMT	Against payment.
FREE	Free.

CODES

If Data Source Scheme is not present and Qualifier is CATB, Indicator must contain one of the following codes (Error code(s): K22):

FLAT	Charges/tax The charges/tax basis is flat or absolute for the trade being allocated.
PERU	The charges/tax basis is per unit of financial instrument.

CODES

If Data Source Scheme is not present and Qualifier is TRCN, Indicator must contain one of the following codes (Error code(s): K22):

SOLI	The trade was solicited by the executing broker. The broker has suggested to his client to buy/sell securities.
USOL	The trade was unsolicited. The client acts on its own without advice from the executing broker.

CODES

If Qualifier is CAOP, Indicator must contain one of the following codes (Error code(s): K22):

CASH	Distribution of cash.
DRIP	Reinvestment proceeds into securities.

CODES

If Qualifier is ECIO and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

EUSI	Capital gain is in the scope of the directive.
EUSO	Capital gain is out of the scope of the directive.
UKWN	Unknown whether capital gain is in or out of the scope of the directive.

CODES

If Qualifier is TSTA and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

TSIY	The fund is calculating the taxable income per share within NAV.
TSIN	The fund is NOT calculating the taxable income per share within NAV.
UKWN	Unknown whether the fund is calculating the taxable income per share within NAV.

USAGE RULES

The qualifier CAOP is to be used for investment funds only, whereby the holder has the option to receive the distribution in cash or to reinvest in securities.

If field :22H::BUSE//SWIT is used, then in the linkage sequence reference should be made to the previous message sent and containing field :22H::BUSE/SWIF.