Option F:4!c/[8c]/4!c(Qualifier) (Data Source Scheme) (Indicator)Option H:4!c//4!c(Qualifier) (Indicator)| Option F |
:4!c/[8c]/4!c |
(Qualifier) (Data Source Scheme) (Indicator) |
| Option H |
:4!c//4!c |
(Qualifier) (Indicator) |
Mandatory in an optional sequence
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
M |
SETR |
N |
|
F |
Type of Settlement Transaction |
| 2 |
M |
REDE |
N |
|
H |
Receive/Deliver Indicator |
| 3 |
M |
PAYM |
N |
|
H |
Payment Indicator |
| 4 |
O |
STCO |
R |
|
F |
Settlement Transaction Condition |
| 5 |
O |
TRCA |
N |
|
F |
Party Capacity Indicator |
| 6 |
O |
STAM |
N |
|
F |
Stamp Duty Indicator |
| 7 |
O |
RTGS |
N |
|
F |
Securities Real-Time Gross Settlement Indicator |
| 8 |
O |
REGT |
N |
|
F |
Registration Indicator |
| 9 |
O |
BENE |
N |
|
F |
Beneficial Ownership Indicator |
| 10 |
O |
CASY |
N |
|
F |
Cash Settlement System Indicator |
| 11 |
O |
TCPI |
N |
|
F |
Tax Capacity Party Indicator |
| 12 |
O |
REPT |
N |
|
F |
Repurchase Type Indicator |
| 13 |
O |
MACL |
N |
|
F |
Market Side Indicator |
| 14 |
O |
BLOC |
N |
|
F |
Block Trade Indicator |
| 15 |
O |
REST |
N |
|
F |
Restrictions |
| 16 |
O |
SETS |
N |
|
F |
Settlement System/Method Indicator |
| 17 |
O |
NETT |
N |
|
F |
Netting Eligibility Indicator |
| 18 |
O |
CCPT |
N |
|
F |
CCP Eligibility Indicator |
| 19 |
O |
LEOG |
N |
|
F |
Letter of Guarantee Indicator |
This qualified generic field specifies:
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 |
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 |
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. |
| REDI |
Withdrawal |
The transaction involves the withdrawal of specified amounts from specified sub-accounts. |
| REDM |
Redemption (Funds) |
Redemption of Funds (Funds Industry ONLY). |
| 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
|
Financial instruments are issued
|
| 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. |
| PREA |
Pre-advice |
The transaction is a pre-advice, i.e. for matching purposes only. |
If Qualifier is REDE, Indicator must contain one of the following codes (Error code(s): K22):
| DELI |
Deliver. |
| RECE |
Receive. |
If Qualifier is PAYM, Indicator must contain one of the following codes (Error code(s): K22):
| APMT |
Against Payment. |
| FREE |
Free of Payment. |
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 financial instruments
|
| 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. |
When 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. |
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.
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. |
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. |
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. |
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 |
UK Domestic |
| GROS |
Gross settlement system |
| NETS |
Net settlement system |
| USCH |
CHIPS (US) |
| USFW |
Fedwire (US) |
| ZENG |
Zengin (domestic remittance) (JP) |
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. |
If Data Source Scheme is not present and Qualifier is REPT, Indicator must contain one of the following codes (Error code(s): K22):
| CADJ |
Swap/Substitution |
Relates to a repo collateral substitution. |
| CALL |
Repo Call |
Relates to a change in the closing or maturity date. |
| PAIR |
Pair-off |
Relates to a repo that is part of a pair-off. |
| RATE |
Repo Rate |
Relates to a change in the repo rate. |
| REPC |
Repo closure |
Repurchase relates
|
| REPO |
Repo opening |
Relates to the opening leg of a repo. |
| REPE |
Reverse Repo |
Relates to a reverse repo. |
| ROLP |
Rollover |
Relates to a repo rollover of a position extending the closing or maturity date. |
| TOPU |
Top-up |
Relates to a cover of securities position due to deficit of collateral following mark to market valuation. |
| WTHD |
Withdrawal |
Relates to a return of securities position due to excess of collateral following mark to market valuation. |
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. |
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. |
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
|
| 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). |
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. |
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. |
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. |
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. |
The Qualifier SETR should only be used with code PREA (Preadvice) in communications between CSD/ICSD and their participants.
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.
