SWIFTStandards FIN - Category 5 - MT 548

MT 548 Field Specifications

18. Field 94a: Place

FORMAT

Option B	:4!c/[8c]/4!c[/30x]	(Qualifier) (Data Source Scheme) (Place Code) (Narrative)
Option C	:4!c//2!a	(Qualifier) (Country)
Option F	:4!c//4!c/4!a2!a2!c[3!c]	(Qualifier) (Place) (BIC/BEI)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	TRAD	N		B	Place of Trade
2	O	SAFE	N		B, C or F	Place of Safekeeping

DEFINITION

This qualified generic field specifies:

TRAD	Place of Trade	Place at which the order was traded, directly by the account owner or not.
SAFE	Place of Safekeeping	Location where the financial instrument are/will be safekept.
~~SAFE~~	~~Place of Safekeeping~~	~~Physical place where the securities are safe-kept.~~

CODES

If qualifier is TRAD, when Data Source Scheme is not present, Place Code must contain one of the following codes (Error code(s): K94):

EXCH	Stock Exchange	Place of trade is a stock exchange.
OTCO	Over the Counter	Place of trade is over the counter.
PRIM	Primary market	Place of trade is the primary market.
SECM	Secondary market	Place of trade is the secondary market.

CODES

If qualifier is SAFE, in option B, when Data Source Scheme is not present, Place must contain the following code (Error code(s): K94):

SHHE	Shares Held Elsewhere. Used for certain financial instruments, eg, US mutual funds, where settlement is internal only, ie, there is no external movement of securities.

CODES

If qualifier is SAFE , in option F, Place must contain one of the following codes (Error code(s): K94):

CUST	Shares held at a local custodian.
ICSD	Shares held at an International Central Securities Depository.
NCSD	Shares held at a National Central Securities Depository.
SHHE	Shares Held Elsewhere. Used for certain financial instruments, eg, US mutual funds, where settlement is internal only, ie, there is no external movement of securities..

NETWORK VALIDATED RULES

Country must be a valid ISO country code (Error code(s): T73).

The BIC/BEI must be a SWIFT registered address, either connected or non-connected (Error code(s): T27, T28, T29, T45).

Narrative (Format Option B) must not start or end with a slash '/' and not contain two consecutive slashes '//' (Error code(s): T26).

USAGE RULES

When qualifier is TRAD and Place Code is OTCO, Narrative must specify the system. When Place Code is EXCH, Narrative must specify the Market Identifier Code (MIC).