When an instruction is sent to a party other than the original Receiver, this original Receiver is identified in the other parties sequence as :95a::MERE (Recipient of the Message).
The underlying fund or client, :95a::INVE, must be present.
When a broker is identified as a confirming party, the party capacity (:22F::TRCA) must be specified.
When an ETC service provider transfers a message from one institution to another, and when the originator of the message is not already identified in the confirmation parties sequence or the settlement parties sequence, the originating party is identified in the other parties sequence as :95a::MEOR (Originator of Message).
Since there is only one allocation per MT 514, allocations must be linked by the master reference in the linkage sequence.
When the message is used to pre-advise allocation details, the Trade Transaction Type must be PALL and the Master Reference must be the same as the one assigned in the associated MT 502 Order to Buy or Sell. The pre-allocation conditions are defined in the associated MT 502 Order to Buy or Sell.
When the MT 514 is sent to request a cancellation of a previously sent instruction, field 23G must contain the function to cancel, the linkage subsequence must contain the reference of the instruction to be cancelled and the rest of the message a copy of at least the mandatory fields of the instruction to be cancelled. The Allocation Number/Total Number must be a separate series (see field definitions).
The Receiver of a request to cancel must advise the requesting party that the cancellation has been accepted or denied in an MT 509 Trade Status Message.
