MT 526 Field Specifications

3. Field 23: Further Identification

FORMAT

16x
To be structured as:
6!a[/4!c]	(Function) (Code)

PRESENCE

Mandatory

DEFINITION

This field identifies the function of the message.

CODES

Function must contain one of the following codes:

BORROW	The Sender requests to borrow the specified securities from the Receiver
NOLEND	The Sender notifies the Receiver that the listed securities are no longer available for lending
RECALL	The Sender requests a partial or final recall of specified securities previously on loan to the Receiver
RETURN	The Sender notifies the Receiver of a partial or final return of the securities previously on loan from the Receiver.
TOLEND	The Sender notifies the Receiver that the listed securities are available for lending

CODES

When Function contains RECALL or RETURN, one of the following codes may also be used in Code:

COMP	The request to recall or notice of return constitutes a close-out of a securities loan.
PART	The request to recall or notice of return relates to only a part of the securities out on loan

CODES

When Function contains BORROW, one of the following codes may be used in Code:

CANC	The Sender requests the Receiver to cancel the request to hold the specified securities.
HOLD	The Sender requests the Receiver to hold the requested securities pending further notice

CODES

When Function contains TOLEND, one of the following codes may be used in Code:

FILL	The Sender requests the Receiver to confirm or cancel a previously sent hold request.
HELD	The Sender notifies the Receiver that the specified securities are held at the Receiver's disposal pending further notice

USAGE RULES

Code must not be present when Function is NOLEND.