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MT 518 Field Specifications

65. Field 17B: Flag

FORMAT

Option B :4!c//1!a (Qualifier)(Flag)

PRESENCE

Optional in optional subsequence C3

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O ACRU N   B Accrued Interest Flag
2 O STAM N   B Stamp Duty Flag
3 O EXEC N   B Brokerage Amount Flag

DEFINITION

This qualified generic field specifies:

ACRU Accrued Interest Flag Indicates whether the net proceeds include interest accrued on the financial instrument.
EXEC Brokerage Amount Flag Indicates whether the net proceeds include brokerage fees for the transaction.
STAM Stamp Duty Flag Indicates whether the net proceeds include stamp duty for the transaction.

CODES

Flag must contain one of the following codes (Error code(s): K17):

N No No.
Y Yes Yes.

USAGE RULES

Flag is only to be used in a sequence C3 with settlement amount field 19A::SETT//[N]3!a15d as it indicates whether the concerned settlement amount includes the accrued interest and/or the stamp duty amount.