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MT 518 Field Specifications

18. 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 mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M BUSE N   H Buy/Sell Indicator
2 O MPLE N   F Maximum Price Level Indicator
3 O PRIC N   F Type of Price Indicator
4 O PROC N   F Processing Indicator
5 O RPOR R   F Reporting Indicator
6 O PRIR N   F Priority Indicator
7 O SETG N   F Settlement Instruction Generation Indicator
8 O TTCO R   F Trade Transaction Condition Indicator
9 O COST N   F Commission Type Indicator
10 M PAYM N   H Payment Indicator
11 O CATB N   F Charges/Tax Basis Indicator
12 O TRCN R   F Trade Regulatory Conditions Indicator

DEFINITION

This qualified generic field specifies:

BUSE Buy/Sell Indicator Specifies whether the transaction relates to the sale or purchase of financial instruments.
CATB Charges/Tax Basis Indicator Specifies the method used to calculate a charge/tax.
COST Commission Type Indicator Specifies the commission sharing type under which the order is to be executed.
MPLE Maximum Price Level Indicator Allows an order to specify a maximum number of price levels to trade through.
PAYM Payment Indicator Specifies whether the instruction is free or against payment.
PRIC Type of Price Indicator Specifies the type of transaction price.
PRIR Priority Indicator Specifies the execution priority of the trade.
PROC Processing Indicator Specifies additional information relative to the processing of the trade.
RPOR Reporting Indicator Indicates information with regards to reporting.
SETG Settlement Instruction Generation Indicator Specifies whether a settlement instruction must be generated by an Electronic Trade Confirmation (ETC) service provider.
TRCN Trade Regulatory Conditions Indicator Specifies the trade regulatory conditions, for example, in the US under SEC regulation 10.b.10.
TTCO Trade Transaction Condition Indicator Specifies the conditions under which the order/trade was executed.

CODES

In option H, if Qualifier is BUSE, Indicator must contain one of the following codes (Error code(s): K22):

BUYI Buy Transaction is a purchase of financial instrument.
CROF Cross From Transaction is a cross from (Funds Industry).
CROT Cross To Transaction is a cross to (Funds Industry).
DIVR Reinvestment of Dividend Order Transaction is a reinvestment of dividend order (Funds Industry. Not to be used for corporate actions).
FPOO FPO Order Transaction is an FPO (Follow on Public Offer) bid or order.
IPOO IPO Order Transaction is an IPO (Initial Public Offering) bid or order.
IPPO IPP Order Transaction is an IPP (Institutional Placement Programme) bid or order.
REDM Redemption Transaction is a redemption of funds.
SELL Sell Transaction is a sale of financial instrument.
SUBS Subscription Transaction is a subscription to funds.
SWIF Switch From Transaction is a change of an investment from one sub-fund to another sub-fund.
SWIT Switch To Transaction is a change of an investment from one sub-fund to another sub-fund.

CODES

In option F, if Qualifier is PRIC and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

AVER Average Execution Price Price is an average execution price.
AVOV Override of the Average Price Price is an override of the average price.
COMB Combined Expenses Price is a combined expenses price (used in the UK market).
GREX Gross Execution Price Price is an all inclusive price, that is, including all charges, fees and taxes.
NDIS Net to Client Disclosed Price is net to the client disclosed (used in the UK market).
NET1 Net Price 1 Price is a net price, that is, net of all charges, taxes, or fees.
NET2 Net Price 2 Price is a net price, that is, net only of local broker's commission, local fees, or local taxes.
NOGR Notional Gross Price is notional gross (used in the UK market).
NUND Net to Client Undisclosed Price is net to the client undisclosed (used in the UK market).
PARV Par Value Price is a par value or equal to the nominal or face value of the instrument.
RDAV Rounded Average Price Price is a rounded average price.

CODES

In option F, if Qualifier is PROC and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

CLOP Close Position Trade is to close a position.
OPEP Open Position Trade is to open a position.

CODES

In option F, if Qualifier is RPOR and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

DEFR Deferred Report The report is deferred, for example, because the order was executed in partial fills.
EXCH Stock Exchange Trade details are to be reported to a stock exchange. This stock exchange is identified in sequence D Other Parties.
TRRE Trade Details Reported Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence D Other Parties.

CODES

In option F, if Qualifier is SETG and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

GENS Instruction Generation by ETC Provider Specifies if the ETC service provider is to generate a settlement instruction.
NOGE Not Instruction Generation by ETC Provider Specifies if the ETC service provider is not to generate a settlement instruction where a previous agreement to do so exists.

CODES

In option F, if Qualifier is TTCO and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

BCBL Board Lots Trade is to be executed on board lots; not set for odd lots (UK specific).
BCBN Bad Names Trade is to be executed on bad names, not set for good names (UK specific).
BCFD Form of Delivery Not for foreign registration when unset (UK specific).
BCPD Place of Delivery In country of incorporation when unset (UK specific).
BCRO Result of Option When Set Result of option when set (UK specific).
BCRP Result of Repo When Set Result of repo when set (UK specific).
BLKO Block Order Trade is a block trade, allocation instructions will follow.
BTEX Best Execution Trade was executed at best execution.
BTMI Bought Minus Bought minus indicator.
CALL Call Trade executed following the exercise of a call option on the security.
CBNS Cum Bonus Trade is executed cum bonus.
CCPN Cum Coupon Trade is executed cum coupon.
CDIV Cum Dividend Trade is executed cum dividend.
CLBR Closure Before Rollover Trade executed for closure of a previous position before the rollover of a position (Deferred Settlement Service).
CLEN Clean Trade is to be executed clean, that is, does not pay government tax on the accrued interest on the bond, and consequently price is higher.
CRST Cross Trade Allowed Cross trades are allowed whereby buy and sell orders are offset without recording the trade on the exchange.
CRTS Cum Rights Trade is executed cum rights.
CWAR Cum Warrants Trade is executed cum warrants.
DIOR Directed Order Trade is executed with a specific trading party.
DIRT Dirty Trade is executed dirty, that is, pay government tax on the accrued interest of the bond.
DORD Direct Order Trade is executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
FORW Forward Price Trade is based on forward price. Price was calculated after the close of the dealing period.
FRAC Fractional Parts Allowed Fractional parts allowed.
GTDL Guaranteed Delivery Delivery of the financial instrument on settlement date is guaranteed.
HIST Historic Price Trade is based on historic price.
MAPR Market Price The trade was executed at market price.
MONT Monthly Trade executed for month-end settlement (Deferred Settlement Service).
NBFR New Trade Following Rollover Trade executed for a new trade position on the next month following the rollover of a position (Deferred Settlement Service).
NCRS No Cross Trade Allowed No cross trade allowed.
NEGO Negotiated Trade A negotiated trade is a trade for which the price is not the one quoted but an improved one that is, negotiated price.
NMPR Non-Market Price The trade was executed outside of normal market conditions (for example, in the case of an iceberg order).
PETA PreTrade Anonymity Allows trader to explicitly request anonymity or disclosure in pre-trade market data feeds. Anonymity is relevant in markets where counterparties are regularly disclosed in order depth feeds. Disclosure is relevant when counterparties are not normally visible.
PUTT Putt Trade executed following the exercise of a put option on the security.
SETI Sold Exempt Trade is exempt from short-sale rules.
SPCU Special Cum Dividend Trade is executed with a special cum dividend, that is, buying after the ex date and getting the dividend.
SPEX Special Ex Dividend Trade is executed with a special ex dividend, that is, selling before the ex date without the coupon.
SPSI Sold Plus Sold plus indication.
SSTI Sold Short Sold short indication.
TEFR Trade Executed Following Rollover Trade executed this month following the rollover of positions.
TRFR Trade Following Rollover Trade executed on the next month following the rollover of positions.
XBNS Ex Bonus Trade is executed ex bonus.
XCPN Ex Coupon Trade is executed ex coupon.
XDIV Ex Dividend Trade is executed ex dividend.
XRTS Ex Rights Trade is executed ex rights.
XWAR Ex Warrants Trade is executed ex warrants.

CODES

In option F, if Qualifier is COST and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

CLDI Per Client Agreement Commission is as per client agreement.
FLAT Flat Fee Commission is a flat fee.
PERN Percentage of Principal in Basis Points Commission is a percentage of principal.
PERU Per Unit Commission is per unit of financial instrument.
PWCD Percentage Commission Waived as Cash Discount Commission is a percentage commission waived as cash discount.
PWEU Percentage Commission Waived as Additional Units Commission is a percentage commission waived as additional units.
SOFT Soft Dollar Commission Sharing Commission is a soft dollar percentage (soft dollar) commission.
STEP Commission Sharing Type is for Step-out Trade Commission is for a step-out trade.

CODES

In option H, if Qualifier is PAYM, Indicator must contain one of the following codes (Error code(s): K22):

APMT Against Payment Against payment.
FREE Free Free.

CODES

In option F, if Qualifier is CATB and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

FLAT Charges/Tax Basis Flat or Absolute Charges/tax basis is flat or absolute for the trade being allocated.
PERU Charges/Tax Basis per Unit Charge/tax basis is per unit of financial instrument.

CODES

In option F, if Qualifier is TRCN and Data Source Scheme is not present, Indicator must contain one of the following codes (Error code(s): K22):

SOLI Solicited Trade was solicited by the executing broker. The broker has suggested to his client to buy/sell financial instruments.
USOL Unsolicited Trade was unsolicited. The client acts on its own without advice from the executing broker.

CODES

If Qualifier is MPLE and Data Source Scheme is not present, Indicator must contain a numerical value in the range 0001 - 9999 (Error code(s): K22).

CODES

If Qualifier is PRIR and Data Source Scheme is not present, Indicator must contain a numerical value in the range 0001 - 9999 where 0001 refers to the highest priority (Error code(s): K22).

USAGE RULES

If field :22H::BUSE//SWIT is used, then in the linkage sequence reference must be made to the previous message sent and containing field :22H::BUSE/SWIF.