MT 536 Field Specifications

35. 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 in an optional sequence

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	TRAN	N		F	Transaction Indicator
2	M	REDE	N		H	Receive/Deliver Indicator
3	M	PAYM	N		H	Payment Indicator
4	O	CAEV	N		F	Corporate Action Event Indicator
	or	SETR	N		F	Type of Settlement Transaction
5	O	TRCA	N		F	Party Capacity Indicator
6	O	STCO	R		F	Settlement Transaction Condition
7	O	STAM	N		F	Stamp Duty Indicator
8	O	RTGS	N		F	Securities Real-Time Gross Settlement Indicator
9	O	REGT	N		F	Registration Indicator
10	O	BENE	N		F	Beneficial Ownership Indicator
11	O	CASY	N		F	Cash Settlement System Indicator
12	O	TCPI	N		F	Tax Capacity Party Indicator
13	O	REPT	N		F	Repurchase Type Indicator
14	O	MACL	N		F	Market Side Indicator
15	O	BLOC	N		F	Block Trade Indicator
16	O	REST	N		F	Restrictions
17	O	SETS	N		F	Settlement System Indicator/Method
18	O	NETT	N		F	Netting Eligibility Indicator
19	O	CCPT	N		F	CCP Eligibility Indicator
20	O	LEOG	N		F	Letter of Guarantee Indicator

DEFINITION

This qualified generic field specifies:

TRAN	Transaction Indicator	Type of activity to which this transaction relates.
REDE	Receive/Deliver Indicator	Whether a delivery or receipt of securities.
PAYM	Payment Indicator	Whether the securities movement is free or against payment.
CAEV	Corporate Action Event Indicator	Type of corporate event to which the movement relates.
SETR	Type of Settlement Transaction	Type of settlement transaction contained in the settlement details of the message.
TRCA	Party Capacity Indicator	Party which has a specific role in the settlement of the transaction.
STCO	Settlement Transaction Condition	Conditions under which the trade is to be settled.
STAM	Stamp Duty Exemption Indicator	Indicates the stamp duty type or exemption reason applicable to the settlement transaction.
RTGS	Securities Real-Time Gross Settlement Indicator	Indicates whether the settlement transaction is to be settled through an RTGS or a non RTGS system.
REGT	Registration Indicator	Indicates whether registration is to be done on receipt or not.
BENE	Beneficial Ownership Indicator	Indicates whether there is change of beneficial ownership or not.
CASY	Cash Settlement System Indicator	Indicates what cash settlement system is instructed to be used.
TCPI	Tax Capacity Party Indicator	Indicates the tax role capacity of the instructing party. Only applicable in agent - CSD or participant - ICSD communication.
REPT	Repurchase Type Indicator	Indicates the type of repurchase concerned by the transaction.
MACL	Market Side Indicator	Indicates whether an instruction is a market side or a client side transaction.
BLOC	Block Trade Indicator	Indicates whether the settlement instruction is a block parent or children.
REST	Restrictions	Restrictions governing the transfer of ownership of security.
SETS	Settlement System/Method Indicator	Indicates whether the settlement transaction is to be settled through an alternate settlement system/method or the default settlement system/method.
NETT	Netting Eligibility Indicator	Indicates whether the settlement transaction is eligible for netting or not.
CCPT	CCP Eligibility Indicator	Indicates whether the settlement transaction is CCP (Central Counterparty) eligible or not.
LEOG	Letter of Guarantee Indicator	Indicates whether physical settlement may be executed using a letter of guarantee or if the physical certificates should be used.

CODES

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

BUTC	Buy to Cover	The transaction is a buy to cover.
EXER	Exercised	Settlement transaction relates to options, futures or derivatives that are exercised.
EXPI	Expired	Settlement transaction relates to options, futures or derivatives that have expired.
EXER	Exercised	For derivatives, an option or future which is exercised.
EXPI	Expired	For derivatives, an option or future which is expired.
KNOC	Knocked out	For derivatives an option or future which is knocked out (expired worthless).
PHYS	Physical	The securities are to be physically settled.
CLEN	Clean Tax-exempt	Tax-exempt financial instruments securities are to be settled.
DIRT	Dirty	Taxable financial instruments are to be settled.
DIRT	Non tax-exempt	Non tax-exempt, ie taxable securities are to be settled.
DLWM	Delivery Without Matching	The delivery instruction does not require a matching receipt instruction on the concerned market (only for the concerned ICSD and CSD).
DRAW	Drawn	Settlement on drawn securities.
FRCL	Free Clean Settlement	The delivery will be made free of payment but a clean payment order will be sent.
NPAR	No Partial Settlement Allowed	Partial settlement is not allowed.
PART	Partial Settlement	Partial settlement is allowed.
SHOR	Short Sale Indicator	Short sale indicator.
SPCS	Split Currency Settlement	Settlement is in two different currencies.
SPDL	Special Delivery	Trade to be settled with special delivery.
SPST	Split Settlement	When cash and securities settle in different locations.
UNEX	Unexposed	Delivery cannot be effected until cash is received.

CODES

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

BSBC	Buy Sell Back Closing Leg	The transaction relates to a buy sell back closing leg.
BSBO	Buy Sell Back Opening Leg	The transaction relates to a buy sell back opening leg.
CNCB	Central Bank Collateral Operation	The transaction relates to a collateral delivery/receipt to a National Central Bank for central bank credit operations.
COLL	Collateral	The transaction relates to collateral in the form of securities.
CONV	DR Conversion	The settlement transaction is part of a DR conversion operation.
FCTA	Factor Update	The transaction relates to a factor update.
INSP	Move of Stock	Settlement instruction relates to a movement of shares into or out of a pooled account.
ISSU	DR Issue	Settlement instruction relates to the issue of a depositary receipt.
INSP	In Speci/Share Exchange	The instruction relates to a move of stock into or out of a pooled account. The stock is generally used, instead of cash, to purchase or redeem unit holdings. It is generally charged differently than another account transfer (PORT, OWNE, OWNI), hence the need to identify this type of transfer as such.
ISSU	DR Issue	The settlement transaction is part of a DR issue operation.
OWNE	External Account Transfer	Account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).
OWNI	Internal Account Transfer	Account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).
MKDW	Mark-down Mark-up	Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned).
MKUP	Mark-up Mark-down	Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned).
NETT	Netting	The transaction relates to the netting of settlement instructions.
NSYN	Non Syndicated	Issue of medium and short term paper (CP, CD, MTN, notes...) under a program and without syndication arrangement.
PAIR	Pairoff	The transaction is part of a pairoff.
PLAC	Placement	The transaction is part of a placement.
PORT	Portfolio Move	The transaction relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such.
REAL	Realignement	Realignment of positions.
REDM	Redemption (Funds)	Redemption of Funds (Funds Industry ONLY).
REDI	Withdrawal	The transaction involves the withdrawal of specified amounts from specified sub-accounts.
RELE	DR Release / Cancellation	The settlement transaction is part of a DR release / cancellation operation.
REPU	Repo	The transaction relates to a repo or reverse repo.
RODE	Return of delivery without matching.	Refers to the return of securities resulting from a decayed/rejected delivery without matching operation.
RPTO	Reporting	The transaction is for reporting purposes only.
SECB	Securities Borrowing	The transaction is part of a securities borrowing operation.
SECL	Securities Lending	The transaction is part of a securities lending operation.
SUBS	Subscription (Funds)	Subscription to funds (Funds Industry ONLY).
SYND	Syndicate of underwriters Syndicated	Financial instruments are issued Issue of securities (bonds, warrants, equities...) through a syndicate of underwriters and a Lead Manager.
TBAC	TBA Closing	The transaction relates to a TBA closing trade.
TRAD	Trade	The transaction relates to the settlement of a trade (default, most common settlement).
TRPO	Triparty Repo	Relates to a triparty repo.
TURN	Turnaround	The transaction is part of a turnaround: the same security is bought and sold to settle the same, to or from different brokers.

CODES

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

DELI	Deliver	This field indicates if the securities have been debited from the safekeeping account.
RECE	Receive	This field indicates if the securities have been credited to the safekeeping account.

CODES

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

ACTV	Trading status: Active	Trading in the security has commenced or security has been re-activated after a suspension in trading.
ATTI	Attachment	The combination of different security types to create a unit. Units are usually comprised of warrants and bond or warrants and equity. Securities may be combined at the request of the security holder or based on market convention.
BONU	Bonus Issue / Capitalisation Issue	Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
BIDS	Repurchase Offer	Issuer bid; Reduction of circulating shares; Reverse Rights. Offer by the Issuing Company to existing shareholders to repurchase the company's own shares or other securities convertible into shares. Repurchase offer may include the distribution of renounceable or nonrenounceable rights. Objective of this offer is a reduction in the number of outstanding shares.
BONU	Bonus Issue	Attribution Gratuite (FR); Scrip Issue (GB); Capitalisation Issue. Security holders are awarded additional assets free of payment from the issuer in proportion to their holding. A bonus issue is typically represented by shares, rights, or warrants. Nominal value does not change. Holder may be offered choice of form.
BPUT	Put Redemption	Early redemption of a bond at the election of the bondholder subject to the terms and condition of the issue.
BRUP	Bankruptcy	Legal status of a company unable to pay creditors. Bankruptcy involves formal court ruling. Securities may become valueless.
CHAN	Change	Information regarding a change further described in the corporate action details.
CAPG	Capital Gains Distribution	The distribution of profits resulting from the sale of securities. Shareholders of Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distributions and are often reinvested in additional shares of the fund.
CHAN	Change	Information regarding a generic change, eg, change in the terms of an issue, change in the identification of a security, change of board lot, change from global to definitive.
CLSA	Class Action	Class action filing; Proposed Settlement. Situation where interested parties seek restitution for financial loss. Security holder may be offered the opportunity to join a class action proceeding and would therefore need to respond with an instruction.
CMET	Court Meeting	Meeting following a court decision.
CONS	Consent	Solicitation of shareholders consent. Procedure aimed at obtaining consent of holders to proposal by issuer or a third party without a formal general meeting.
CONV	Conversion	Conversion or optional exchange of securities (generally convertible bonds or preferred shares) into a set number of another form of securities (usually common shares) at a pre-stated price.
COOP	Company Option	A Company Option may be granted by the company, allowing the holder to take up shares at some future date(s) at a pre arranged price in the company. A company may not grant options which enable the holder to take up unissued shares at a time which is five or more years from the date of the grant. Option holders are not members of a company. They are contingent creditors of a company and hence may, in some instances, be entitled to vote on and be bound by a scheme of arrangement between the creditors and the company. As many options have multiple exercise periods a company option will either lapse or carry on to the next expiry date.
CPNR	Adjustment of Interest Rate	The announcement of the current coupon rate for a floating or adjustable rate security.
CPST	Coupon Stripping	Coupon stripping is the process whereby interest coupons for future payment dates are separated from the security corpus that entitles the holder to the principal repayment.
DECR	Decrease in Value	Reduction of the share capital and face value of a single security. share. The number of the circulating securities shares remains unchanged. This event may May include a cash payout capital pay-out to holders. shareholder.
DETI	Detachment	Separation of the constituent components that comprise a security - usually units comprised of warrants and bond or warrants and equity. Units may be broken up at the request of the security holder or based on market convention.
DFLT	Bond Default	Non payment of interest or non payment of debt principal when due.
DLST	Trading Status: Delisted	Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation.
DRAW	Drawing	Redemption in part before the scheduled final maturity date of a security. Drawing is distinct from partial call in that drawn bonds are chosen by lottery and results are confirmed to bondholder.
DRIP	Dividend Reinvestment	Dividend payment type where cash dividend is rolled over into additional shares in the issuing company.
DTCH	Dutch Auction, Bid Tender	An action by a party wishing to acquire a security. Holders of the security are invited to make an offer to sell, within a specific price range. The acquiring party will buy from the holder with lowest offer.
DVOP	Dividend Option	Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares, cash or both.
DVSC	Scrip Dividend/Payment	Dividend or interest paid in the form of scrip.
DSCL	Disclosure	Requirement under some regulations for holders or beneficial owners to disclose to the issuer the name, location and holdings of any issue.
DTCH	Dutch Auction, Bid Tender	Similar to a tender offer, a dutch auction is an action by a party wishing to acquire a particular security. Current holders of the targeted security are invited to make an offer, within a specific price range, in which they would be willing to sell their holdings. Acquiring party would then seek to purchase security from the holders with the lowest offer. A bid tender has no incremental price range, ie, the holder may bid at any price.
DVCA	Cash Dividend	A distribution of cash to shareholders, in proportion to their equity holding. Ordinary dividends are recurring and regular. Shareholder must take cash and is not offered a choice in the form of distribution.
DVOP	Dividend Option	Distribution of a dividend to shareholder with the choice of payment method. Shareholder must choose the form of payment - stock, cash, or both.
DVSC	Scrip Dividend	Dividend paid in the form of scrip (temporary certificate) which represents the company's promise to pay a cash dividend. Occurs when earnings are sufficient but issuer wishes to conserve cash holdings. Shareholder is not offered a choice.
DVSE	Stock Dividend	A dividend paid to shareholders in the form of shares of stock in the issuing company or in another company. Shareholder must take stock and is not offered a choice in the form of distribution.
EXOF	Exchange	Exchange of holdings for other securities and/or cash. The exchange can be either mandatory or voluntary involving the exchange of outstanding securities for different securities and/or cash. For example "exchange offer" and "capital reorganisation".
EXOF	Exchange Offer	Exchange offer; Capital Reorganisation; Offer to shareholders to exchange their holdings for other securities and/or cash. Exchange offers are usually voluntary involving the exchange of an outstanding security for a different security or securities and/or cash.
EXOP	Exchange Option	Option for shareholders to exchange their securities for other securities and/or cash. Exchange options are mentioned in the Terms and Conditions of a security and are valid during the whole lifetime of a security unless otherwise stated by the issuer.
EXRI	Call on Intermediate Securities	Call or exercise on nil paid securities or intermediate securities resulting from an intermediate securities distribution (RHDI). This code is used for the second event, when an intermediate securities'issue (rights/coupons) is composed of two events, the first event being the distribution of intermediate securities.
EXRI	Call on Rights	Call/exercise on nil-paid securities/rights resulting from a rights distribution (RHDI) (To be used for the second event in case rights issue is dealt with in 2 events, first event being the RHDI).
EXTM	Maturity extension	As stipulated in a bond's Terms and Conditions, the issuer or the bond-holder may prolong the maturity date of a bond. After extension, the security may differ from original issue. (new rate or maturity date) May be subject to bondholder's approval.
EXWA	Warrant Exercise	Warrant conversion. Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue).
INCR	Increase in Value	Increase in the face value of a single security. The number of circulating securities remains unchanged. This event may include a cash payout to holders.
INCR	Increase in Value	Increase of the share capital. The face value of the single share is changed without modification of the number of shares in circulation. May include a capital payout to shareholder.
INDE	Instalment Default	Non payment of a call by the beneficial owner, resulting in either a court action by the issuer or the sale of the securities to recover costs and/or a forfeit of partially paid securities.
INTR	Interest Payment	Regular interest payment only in cash, distributed to holders of an interest bearing asset. According to the terms of the issue, a bondholder may be able to elect the currency interest is paid in.
LIQU	Liquidation Dividend/ Liquidation Payment	A Liquidating dividend/Liquidation consist of a distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security.. Security holder may be able to choose form of liquidation distribution.
MCAL	Full Call/Early Redemption	The redemption of an entire issue outstanding of bonds/preferred equity by the issuer before final maturity.
MCAL	Full Call	Issuer's right to redeem bonds or preferred stock before maturity (if any).
MEET	Annual General Meeting	Annual general meeting.
MRGR	Merger	Mandatory or voluntary exchange of outstanding securities as the result of two or more companies combining assets. Cash payments may accompany share exchange.
ODLT	Odd Lot Sale/Purchase	Sale or purchase of odd-lots to/from the issuing company, initiated either by the holder of the security or through an offer made by the issuer.
NAME	Name Change	The issuing company changes it's name. Event shows the change from old name to new name and may involve surrendering physical shares with the old name to the registrar.
ODLS	Odd Lot Sale	Sale of odd-lot back to the issuing company.
ODLT	Odd Lot Offer	Offer by issuer to allow holders of an odd lot of a security to order a commission-free transaction, at market price, to sell the odd lot, or to buy an amount of shares which will bring the position to a round lot (board lot).
OMET	Ordinary General Meeting	Ordinary general meeting.
OTHR	Other event	Other event.
PARI	Pari-Passu	Assimilation. Occurs when securities with different characteristics, eg, shares with different entitlements to dividend or voting rights, become identical in all respects, ie, pari-passu. May be scheduled in advance, eg, shares resulting from a bonus may become fungible after a pre-set period of time, or result from outside events, eg, merger, reorganisation, issue of supplementary tranches, etc.
PCAL	Partial Call	Securities of an issue are redeemed in part before their scheduled final maturity date. The outstanding amount of securities will be reduced proportionally.. Event type assumes call is based on a specific percentage of holding.
PDEF	Partial Defeasance/Pre-funding	Issuer has money set aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity.
PINK	Pay In Kind	Interest payment, in any kind except cash, distributed to holders of an interest bearing asset.
PLAC	Place of Incorporation	Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.
PPMT	Instalment Call	An instalment towards the purchase of equity capital, subject to an agreement between an issuer and a purchaser.
PPMT	Instalment Call	Increase of share capital through additional payment on face value of partly-paid shares, with part payments in several instalments.
PRII	Interest Payment with Principle	Payment of a portion of the principal of an interest bearing asset, in addition to the interest payment.
PRIO	Priority Issue	Form of open or public offer where priority is given to existing shareholders due to limited amount of securities available in the offer. Shareholders can buy a type of security during a short period of time.
REDM	Final Maturity	The redemption of an entire issue outstanding of bonds/preferred equities by the issuer at final maturity.
REDM	Final Maturity	Repayment in full of a debt security, an investment trust or a preferred stock issue, at stated maturity.
REDO	Redenomination	Event by which the unit (currency and/or nominal) of a debt is restated, eg, a debt in a national currency unit is restated in another currency. euro.
REMK	Remarketing Agreement	Purchase and sale of remarketed preferred equities/bonds through the negotiation of interest rate between the issuers and the holders.
RHDI	Intermediate Securities Distribution	The distribution of intermediate securities or privilege that gives the holder the right to take part in a future event.
RHTS	Rights Issue / Subscription Rights / Rights Offer	Distribution of a security or privilege that gives the holder an entitlement or right to take part in a future event.
REMK	Remarketing Agreement	After the collapse of a perpetual floating rate note, the bond issuers negotiate an interest rate with bond holders. If agreement is reached. bond will continue at the agreed rate. If agreement is not reached, bond holders have the right to redeem the bond.
RHDI	Rights Distribution	The distribution of rights to shareholders, in proportion to their equity holding.
RHTS	Rights Issue	Subscription Rights, Rights offer, Open offer. Privilege granted to existing shareholders of a company to subscribe to shares of a new issue against payment. Generally before securities are offered to the general public. Rights are often tradable in a secondary market.
SCOP	Suspension of Corporate Action Privilege	Suspension of conversion of securities generally a couple of weeks before a meeting takes place.
SHPR	Shares Premium Dividend	This corporate event pays shareholders an amount in cash issued from the shares premium reserve. It is similar to a dividend but with different tax implications.
SMAL	Smallest Negotiable Unit	Modification of the smallest negotiable unit of shares in order to obtain a new negotiable unit.
SOFF	Spin-Off	Demerger; Distribution; Unbundling. A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture resulting in an independent company. Normally this is without cost to the parent issue shareholder. Eg, demerger, distribution, unbundling.
SPLF	Stock Split	Change in nominal value; Subdivision. The increase in a corporation's number of outstanding shares of stock without any change in the shareholder's equity or the aggregate market value at the time of the split. Stock price and nominal value are reduced accordingly.
SPLR	Reverse Stock Split	Change in nominal value; Consolidation. Decrease in number of outstanding shares of stock without any change in the shareholder's equity or the aggregate market value at the time of the split. Stock price and nominal value are reduced accordingly.
SUSP	Trading Status: Suspended	Trading in the security has been suspended.
TEND	Tender / Acquisition / Takeover / Purchase Offer / Buyback	An offer made to shareholders, normally by a third party, requesting them to sell (tender) or exchange their equities.
TEND	Tender	Acquisition; Take-over; Offre publique de retrait (FR); Purchase Offer; Buy-back. An offer made to shareholders requesting them to sell (tender) their shares for a specified price usually at a premium over prevailing market price. Generally, the objective of a tender offer is to take control of the target company.
TREC	Tax Reclaim	Event related to tax reclaim activities.
WRTH	Worthless	Booking out of valueless securities.
XMET	Extraordinary or Special General Meeting	Extraordinary or special general meeting.

CODES

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

APMT	Against Payment.
FREE	Free of Payment.

CODES

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

BOLE	Borrowing/Lending Activity.
COLL	Collateral Activity.
CORP	Corporate Action Activity.
SETT	Settlement and Clearing Activity.

CODES

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

CUST	Settling as a Custodian.
SAGE	Settling as an Agent.
SPRI	Settling as a Principal.

CODES

When Qualifier is STAM, the Data Source Scheme should be used to indicate the stamp duty type or reason, eg, in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.

CODES

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

NRTG	Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored.
YRTG	Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored.

CODES

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

NREG	Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored.
YREG	Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored.

CODES

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

NBEN	No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored.
YBEN	Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored.

CODES

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

BOJS	Bank of Japan System (JP)
BOKW	Bank of Korea Wire
CHEC	Cheque
FEYC	Foreign Exchange Yen Clearing System (JP)
GBSC	CHAPS (UK)
GROS	Gross settlement system
NETS	Net settlement system
USCH	CHIPS (US)
USFW	Fedwire (US)
ZENG	Zengin (domestic remittance) (JP)

CODES

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

PRIN	Acting as a principal for tax liability.
AGEN	Acting as an agent for tax liability.

CODES

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

CADJ	Relates to a repo collateral substitution.
CALL	Relates to a change in the closing or maturity date.
PAIR	Relates to a repo that is part of a pair-off.
RATE	Relates to a change in the repo rate.
REPC	Repo Closure. Repurchase relates to the closing leg of the transaction.
REPC	Relates to the closing leg of a repo.
REPO	Relates to the opening leg of a repo.
REPE	Relates to a reverse repo.
ROLP	Relates to a repo rollover of a position extending the closing or maturity date.
TOPU	Relates to a cover of securities position due to deficit of collateral following mark to market valuation.
WTHD	Relates to a return of securities position due to excess of collateral following mark to market valuation.

CODES

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

MAKT	The Instruction is a market side transaction.
CLNT	The instruction is a client side transaction.

CODES

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

BLCH	The transaction is a block trade child.
BLPA	The transaction is a block trade parent.

CODES

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

144A	Persuant to 144A	Ownership or transfer of an unregistered security issued, pursuant Unregistered security issued persuant to US legal restrictions 144A.
NRST	Not Subject to Restrictions	Ownership or transfer is not subject to restrictions.
RSTR	Subject to Restrictions (not persuant to 144A)	Ownership or transfer is subject to restrictions (not persuant to 144A).

CODES

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

NSET	Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored.
YSET	Settle through the alternate settlement system/method. If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored.

CODES

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

YNET	The settlement instruction is eligible for netting.
NNET	The settlement instruction is not eligible for netting.

CODES

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

YCCP	The settlement instruction is CCP eligible.
NCCP	The settlement instruction is not CCP eligible.

CODES

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

YLEG	Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored.
NLEG	Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored.

USAGE RULES

The code OTHR should only be used in case no other corporate action event code is appropriate.

The code CHAN should only be used in case no other corporate action event code is appropriate and only for an event which relates to a change.

The code REDM should only be used when the redemption is decided by the issuer and not by the holders.

The conditions of the use of the codes for the qualifiers BENE, CASY, CCPT, BLOC, DBNM, FXCX, LEOG, NETT, REGT, RTGS, SETS and STCO must be pre-agreed between account owner and account servicer.

The use of settlement transaction type codes CONV, ISSU, REAL, RELE, NETT, NSYN, MKUP, MKDW, SYND is governed by the existence of a bilateral agreement.

In case of reversal a previously reported movement, the receive/delivery indicator should be the opposite of the reversed previously reported movement. Ex: if the original movement was a securities credit in the account (22H::REDE//RECE), field 22H::REDE//DELI should indicate the reversal). The Movement Satus Field 25D::MOVE//REVE indicates that the movement is executed following a reversal.