MT 516 Field Specifications

24. Field 77D: Special Terms and Conditions

FORMAT

Option D

6*35x

(Narrative)

PRESENCE

Optional

DEFINITION

This field contains additional information on terms and conditions of the securities loan or its recall or return.

CODES

One or more of the following codes may be used, followed by the necessary information:

/COLL/	Used to indicate the type of collateral used in those cases where field 26H contains OTHECOLL, LETTCOLL or EXISTING.
/CUM/	Used to indicate that the securities lent are cum coupon or dividend.
/DIVREQ/	Used to indicate the percentage of the gross dividend that the beneficial owner will receive and is to return to the lender. The percentage amount, ie, 15d, to be returned to the lender should follow the code.
/EX/	Used to indicate that the securities lent are ex coupon or dividend.