MT 542 Field Specifications

9. Field 20C: Reference

FORMAT

Option C

:4!c//16x

(Qualifier)(Reference)

PRESENCE

Mandatory in optional subsequence A1

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	POOL	N		C	Pool Reference
	or	PREA	N		C	Preadvice Message Reference
	or	PREV	N	C7	C	Previous Message Reference
	or	RELA	N		C	Related Message Reference
	or	TRRF	N		C	Deal Reference
	or	COMM	N		C	Common Reference
	or	COLR	N		C	Collateral Reference
	or	CERT	N		C	Certification Reference
	or	CORP	N		C	Corporate Action Reference
	or	CLCI	N		C	Client's Collateral Instruction Reference
	or	CLTR	N		C	Client's Triparty Collateral Transaction Reference
	or	PCTI	N		C	Processor Transaction Identification
	or	TRCI	N		C	Triparty-Agent's/Service-Provider's Triparty's Collateral Instruction Reference
	or	TCTR	N		C	Triparty-Agent's/Service-Provider's Triparty Agent Collateral Transaction Reference

DEFINITION

This qualified generic field specifies:

CERT	Certification Reference	Reference assigned to a deposit.
CLCI	Client's Collateral Instruction Reference	Reference assigned to the instruction by the client.
CLTR	Client's Triparty Collateral Transaction Reference	Unique reference identifying the triparty collateral management transaction from the client's point of view.
COLR	Collateral Reference	Reference assigned to a collateral transaction linked to the settlement transaction.
COMM	Common Reference	Unique reference agreed upon by the two trade counterparties to identify the trade.
CORP	Corporate Action Reference	Reference assigned by the account servicer to unambiguously identify a related corporate action event.
PCTI	Processor Transaction Identification	Identification of the transaction assigned by the processor of the instruction other than the account owner the account servicer and the market infrastructure.
POOL	Pool Reference	Collective reference identifying a set of messages.
PREA	Preadvice Message Reference	Message reference of the preadvice (:23G:PREA) previously sent.
PREV	Previous Message Reference	Message reference of the linked message which was previously sent.
RELA	Related Message Reference	Message reference of the linked message which was previously received.
TCTR	Triparty-Agent's/Service-Provider's Triparty Agent Collateral Transaction Reference	Unique reference identifying the triparty-agent/service-provider triparty collateral management transaction from the triparty-agent's/service-provider's triparty agent's point of view.
TRCI	Triparty-Agent's/Service-Provider's Triparty's Collateral Instruction Reference	Reference assigned to the instruction by the triparty-agent/service-provider triparty agent .
TRRF	Deal Reference	Reference assigned to the trade by the Investment Manager OR the Broker/Dealer. This reference will be used throughout the trade life cycle to access/update the trade details.

NETWORK VALIDATED RULES

Reference must not start or end with a slash '/' and must not contain two consecutive slashes '//' (Error code(s): T26).

MARKET PRACTICE RULES

• Linkages:

  A global market practice for the use of the linkage sequence and references exists for various business scenarios such as cancellations, settlement confirmation but also more complex processes like pair-off, back-to-back, ETC.

• Block trade:

  The use of pool reference is mandatory for block trades to link parent and children instructions.

• Sell/buy - buy/sell back settlement:

  The closing leg must be linked to the opening leg using the message reference of the opening leg in the linkage subsequence A1 field 20C::PREV.

• Securities lending and borrowing settlement:

  The borrowing/lending closing leg must be linked to the borrowing/opening leg.

For more details, see the relevant market practice document on www.smpg.info.