MT 516 Field Specifications

16. Field 26H: Collateral Type

FORMAT

Option H

16x

PRESENCE

Optional

DEFINITION

This field specifies the type of collateral used in the securities loan.

CODES

One of the following codes must be used:

CASHCOLL	Collateral in the form of cash.
EXISTING	Collateral is already provided for under an existing agreement.
LETTCOLL	Collateral in the form of a letter of credit or guarantee.
OTHECOLL	Collateral in a form other than cash, letter of credit/guarantee or securities or mixed.
SECUCOLL	Collateral in the form of securities.

USAGE RULES

When the code OTHECOLL is used, further details of the collateral arrangement must be specified in field 77D Special Terms and Conditions.

This field should normally be present when field 23 contains the code NEWLON to specify the collateral arrangement.