MT 578 Field Specifications
38. Field 94a: Place: Place of Safekeeping
FORMAT
| Option B |
:4!c/[8c]/4!c[/30x] |
(Qualifier) (Data Source Scheme) (Place) (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 |
SAFE |
N |
|
B, C or F |
Place of Safekeeping |
DEFINITION
This qualified generic field specifies:
| SAFE |
Place of Safekeeping |
Location where the financial instrument are/will be safekept. |
CODES
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
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).
