 Option A |
:4!c//8!n |
(Qualifier)(Date) |
| Option B |
:4!c/[8c]/4!c |
(Qualifier)(Data Source Scheme)(Date Code) |
| Option C |
:4!c//8!n6!n |
(Qualifier)(Date)(Time) |
| Option E |
:4!c//8!n6!n[,3n][/[N]2!n[2!n]] |
(Qualifier)(Date)(Time)(Decimals)(UTC Indicator) |
Mandatory in mandatory sequence B
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
M |
SETT |
N |
|
A, B, or C |
Settlement Date/Time |
| 2 |
O |
TRAD |
N |
|
A, B, C, or E |
Trade Date/Time |
| 3 |
O |
ADEL |
N |
|
A or C |
Late Delivery Date/Time |
This qualified generic field specifies:
| ADEL |
Late Delivery Date/Time |
Date/time after the settlement date specified in the trade, used for pool trades resulting from the original To Be Assigned (TBA) securities. |
| SETT |
Settlement Date/Time |
Date/time at which the financial instruments are to be delivered or received. |
| TRAD |
Trade Date/Time |
Date/time at which the trade was executed. |
In option B, if Qualifier is SETT and Data Source Scheme is not present, Date Code must contain the following code (Error code(s): K98):
| WISS |
When Issued |
Settlement is to be done when the security is issued. |
In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code (Error code(s): K98):
| VARI |
Various |
Partial trades have occurred over a period of two or more days. |
Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).
Time must be a valid time expressed as HHMMSS (Error code(s): T38).
UTC Indicator must be a valid time expressed as HH[MM] (Error code(s): T39).
Sign ([N]) must not be used when UTC Indicator is equal to all zeroes (Error code(s): T14).
ADEL, Late delivery date is used for pool trades that result from the original TBA's. (the original TBA's would be offset by an opposite transaction and replaced by buys or sells of individual pools). It is a date greater than the settlement date stated in the trade, for pools designed as settling late.
Trade Date/Time, when used with format 98C or 98E, must be the local time of the place of trade, for example, of the stock exchange, or of the selling broker for OTC.
In addition to the settlement date (ISO 15022 mandatory), trade date is one of the 10 common elements recommended by SMPG for equities and fixed income settlement instructions.
For more details, see the relevant market practice document on www.smpg.info.
