This message is sent by an executing party, for example, a broker-dealer, to an instructing party, for example, a client, or its authorised representative.
This message is used to confirm the details of a purchase or sale executed by the executing party on behalf of the instructing party. It is also used to provide details on the payment side of the transaction.
It may also be used to:
request the cancellation of a previously sent client confirmation
re-send a client confirmation previously sent
provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.
Where legally accepted, this message serves as an electronic contract note which is legally binding on both parties.
Where a block trade has been executed and allocation instructions provided, one client confirmation must be sent per allocation.
This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy from the instructing party and/or executing party to their respective custodians, to provide settlement information where an agreement to this effect exists.
This message must not be sent by an ETC service provider to a custodian.
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
|---|---|---|---|---|---|---|
Mandatory Sequence A General Information |
||||||
M |
16R |
|
|
GENL | 1 |
|
M |
20C |
SEME |
Reference |
:4!c//16x | 2 |
|
M |
23G |
|
|
4!c[/4!c] | 3 |
|
O |
98a |
PREP |
Date/Time |
A, C, or E | 4 |
|
M |
22F |
TRTR |
Indicator |
:4!c/[8c]/4!c | 5 |
|
-----> Mandatory Repetitive Subsequence A1 Linkages |
||||||
M |
16R |
|
|
LINK | 6 |
|
O |
13a |
LINK |
Number Identification |
A or B | 7 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 8 |
|
M |
16S |
|
|
LINK | 9 |
|
-----| End of Subsequence A1 Linkages |
||||||
M |
16S |
|
|
GENL | 10 |
|
End of Sequence A General Information |
||||||
-----> Optional Repetitive Sequence B Partial Fill Details |
||||||
M |
16R |
|
|
PAFILL | 11 |
|
M |
36B |
PAFI |
Quantity of Financial Instrument |
:4!c//4!c/15d | 12 |
|
M |
90a |
DEAL |
Price |
A or B | 13 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 14 |
|
-----| |
||||||
O |
98a |
TRAD |
Date/Time |
A, B, C, or E | 15 |
|
O |
94B |
TRAD |
Place |
:4!c/[8c]/4!c[/30x] | 16 |
|
M |
16S |
|
|
PAFILL | 17 |
|
-----| End of Sequence B Partial Fill Details |
||||||
Mandatory Sequence C Confirmation Details |
||||||
M |
16R |
|
|
CONFDET | 18 |
|
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, B, C, or E | 19 |
|
-----| |
||||||
-----> |
||||||
M |
90a |
4!c |
Price |
A or B | 20 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 21 |
|
-----| |
||||||
-----> |
||||||
O |
99A |
4!c |
Number Count |
:4!c//[N]3!n | 22 |
|
-----| |
||||||
-----> |
||||||
O |
94a |
4!c |
Place |
B, C, or F | 23 |
|
-----| |
||||||
O |
19A |
SETT |
Amount |
:4!c//[N]3!a15d | 24 |
|
-----> |
||||||
M |
22a |
4!c |
Indicator |
F or H | 25 |
|
-----| |
||||||
O |
11A |
4!c |
Currency |
:4!c//3!a | 26 |
|
-----> Mandatory Repetitive Subsequence C1 Confirmation Parties |
||||||
M |
16R |
|
|
CONFPRTY | 27 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 28 |
|
-----| |
||||||
-----> |
||||||
O |
97a |
4!c |
Account |
A, B, or E | 29 |
|
-----| |
||||||
O |
98a |
PROC |
Date/Time |
A or C | 30 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 31 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C or E | 32 |
|
-----| |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 33 |
|
-----| |
||||||
M |
16S |
|
|
CONFPRTY | 34 |
|
-----| End of Subsequence C1 Confirmation Parties |
||||||
-----> |
||||||
M |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 35 |
|
-----| |
||||||
M |
35B |
|
|
[ISIN1!e12!c] | 36 |
|
Optional Subsequence C2 Financial Instrument Attributes |
||||||
M |
16R |
|
|
FIA | 37 |
|
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 38 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 39 |
|
-----| |
||||||
-----> |
||||||
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 40 |
|
-----| |
||||||
O |
11A |
DENO |
Currency |
:4!c//3!a | 41 |
|
-----> |
||||||
O |
98A |
4!c |
Date |
:4!c//8!n | 42 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 43 |
|
-----| |
||||||
-----> |
||||||
O |
13a |
4!c |
Number Identification |
A or B | 44 |
|
-----| |
||||||
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 45 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A or B | 46 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 47 |
|
-----| |
||||||
-----> |
||||||
O |
35B |
|
|
[ISIN1!e12!c] | 48 |
|
-----| |
||||||
O |
70E |
FIAN |
Narrative |
:4!c//10*35x | 49 |
|
M |
16S |
|
|
FIA | 50 |
|
End of Subsequence C2 Financial Instrument Attributes |
||||||
-----> |
||||||
O |
13B |
CERT |
Number Identification |
:4!c/[8c]/30x | 51 |
|
-----| |
||||||
-----> |
||||||
O |
70E |
4!c |
Narrative |
:4!c//10*35x | 52 |
|
-----| |
||||||
M |
16S |
|
|
CONFDET | 53 |
|
End of Sequence C Confirmation Details |
||||||
Optional Sequence D Settlement Details |
||||||
M |
16R |
|
|
SETDET | 54 |
|
-----> |
||||||
M |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 55 |
|
-----| |
||||||
O |
11A |
4!c |
Currency |
:4!c//3!a | 56 |
|
-----> Optional Repetitive Subsequence D1 Settlement Parties |
||||||
M |
16R |
|
|
SETPRTY | 57 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
C, P, Q, R, or S | 58 |
|
-----| |
||||||
O |
97a |
SAFE |
Account |
A or B | 59 |
|
O |
98a |
PROC |
Date/Time |
A or C | 60 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 61 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C or D | 62 |
|
-----| |
||||||
M |
16S |
|
|
SETPRTY | 63 |
|
-----| End of Subsequence D1 Settlement Parties |
||||||
-----> Optional Repetitive Subsequence D2 Cash Parties |
||||||
M |
16R |
|
|
CSHPRTY | 64 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 65 |
|
-----| |
||||||
-----> |
||||||
O |
97a |
4!c |
Account |
A or E | 66 |
|
-----| |
||||||
O |
98a |
PROC |
Date/Time |
A or C | 67 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 68 |
|
O |
70C |
PACO |
Narrative |
:4!c//4*35x | 69 |
|
M |
16S |
|
|
CSHPRTY | 70 |
|
-----| End of Subsequence D2 Cash Parties |
||||||
-----> Optional Repetitive Subsequence D3 Amounts |
||||||
M |
16R |
|
|
AMT | 71 |
|
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 72 |
|
-----| |
||||||
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 73 |
|
-----| |
||||||
O |
98a |
VALU |
Date/Time |
A or C | 74 |
|
O |
92B |
EXCH |
Rate |
:4!c//3!a/3!a/15d | 75 |
|
M |
16S |
|
|
AMT | 76 |
|
-----| End of Subsequence D3 Amounts |
||||||
M |
16S |
|
|
SETDET | 77 |
|
End of Sequence D Settlement Details |
||||||
-----> Optional Repetitive Sequence E Other Parties |
||||||
M |
16R |
|
|
OTHRPRTY | 78 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 79 |
|
-----| |
||||||
-----> |
||||||
O |
97a |
4!c |
Account |
A, B, or E | 80 |
|
-----| |
||||||
O |
70C |
PACO |
Narrative |
:4!c//4*35x | 81 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 82 |
|
M |
16S |
|
|
OTHRPRTY | 83 |
|
-----| End of Sequence E Other Parties |
||||||
Optional Sequence F Two Leg Transaction Details |
||||||
M |
16R |
|
|
REPO | 84 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A, B, or C | 85 |
|
-----| |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 86 |
|
-----| |
||||||
-----> |
||||||
O |
20C |
4!c |
Reference |
:4!c//16x | 87 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
A or C | 88 |
|
-----| |
||||||
-----> |
||||||
O |
99B |
4!c |
Number Count |
:4!c//3!n | 89 |
|
-----| |
||||||
-----> |
||||||
O |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 90 |
|
-----| |
||||||
O |
70C |
SECO |
Narrative |
:4!c//4*35x | 91 |
|
M |
16S |
|
|
REPO | 92 |
|
End of Sequence F Two Leg Transaction Details |
||||||
C1 If an Exchange Rate (field :92B::EXCH) is present, the corresponding Resulting Amount (field :19A::RESU) must be present in the same subsequence. If the Exchange Rate is not present the Resulting Amount is not allowed.
Subsequence D3 if field :92B::EXCH is ... |
Subsequence D3 then field :19A::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
C2 If the Settlement Amount (:19A::SETT) is present in sequence C, it must not be present in any occurrence of subsequence D3.
Sequence C if field :19A::SETT is ... |
Then, for each occurrence of subsequence D3 field :19A::SETT is ... |
|---|---|
Present |
Not allowed |
Not present |
Optional |
C3 If the message is a cancellation, that is, Function of the Message (field 23G) is CANC, then field :20C::PREV must be present in one and only one occurrence of A1; consequently, in all other occurrences of A1, field :20C::PREV is not allowed.
Sequence A if field :23G: is ... |
Then field :20C::PREV is ... |
|---|---|
CANC |
Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1 |
NEWM |
NA |
PREA |
NA |
C4 The following party fields for subsequences D1 and D2 cannot appear more than once in sequence D. The party fields for sequence E cannot appear more than once in a message:
Subsequence D1 |
Subsequence D2 |
Sequence E |
|---|---|---|
:95a::BUYR |
:95a::ACCW |
:95a::EXCH |
:95a::DEAG |
:95a::BENM |
:95a::MEOR |
:95a::DECU |
:95a::PAYE |
:95a::MERE |
:95a::DEI1 |
:95a::DEBT |
:95a::TRRE |
:95a::DEI2 |
|
:95a::VEND |
:95a::PSET |
|
:95a::TRAG |
:95a::REAG |
|
|
:95a::RECU |
|
|
:95a::REI1 |
|
|
:95a::REI2 |
|
|
:95a::SELL |
|
|
C5 If a qualifier from the list Deliverers is present in a subsequence D1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below) must be present.
In other words, in sequence D, the following scenarios must be validated:
If :95a::DEI2 is present in subsequence D1, then :95a::DEI1 must be present in another subsequence D1.
If :95a::DEI1 is present in subsequence D1, then :95a::DECU must be present in another subsequence D1.
If :95a::DECU is present in subsequence D1, then :95a::SELL must be present in another subsequence D1.
If :95a::SELL is present in subsequence D1, then :95a::DEAG must be present in another subsequence D1.
If a qualifier from the list Receivers is present in a subsequence D1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must be present.
In other words, in sequence D, the following scenarios must be validated:
If :95a::REI2 is present in subsequence D1, then :95a::REI1 must be present in another subsequence D1.
If :95a::REI1 is present in subsequence D1, then :95a::RECU must be present in another subsequence D1.
If :95a::RECU is present in subsequence D1, then :95a::BUYR must be present in another subsequence D1.
If :95a::BUYR is present in subsequence D1, then :95a::REAG must be present in another subsequence D1.
Deliverers |
|
Receivers |
|
|---|---|---|---|
DEI2 |
Deliverer's Intermediary 2 |
REI2 |
Receiver's Intermediary 2 |
DEI1 |
Deliverer's Intermediary 1 |
REI1 |
Receiver's Intermediary 1 |
DECU |
Deliverer's Custodian |
RECU |
Receiver's Custodian |
SELL |
Seller (Deliverer) |
BUYR |
Buyer (Receiver) |
DEAG |
Delivering Agent |
REAG |
Receiving Agent |
C6 In subsequence D1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence..
Subsequence D1 if field :95a::PSET is ... |
Subsequence D1 then field :97a::SAFE is ... |
|---|---|
Present |
Not allowed within the same occurrence |
Not present |
Optional |
C7 In sequence C, if field :22H::BUSE//SWIT is present, then field :20C::PREV must be present in minimum one occurrence of subsequence A1 Linkages..
Sequence C if field :22H::BUSE//SWIT is ... |
Then field :20C::PREV is ... |
|---|---|
Present |
Mandatory, that is, must be present in minimum one occurrence of A1 |
Not present |
Optional |
C8 If field :22F::DBNM//VEND is present in sequence D, then a vendor must be specified; that is one occurrence of sequence E must contain field :95a::VEND.
If sequence D is ... |
And in sequence D if field :22F::DBNM//VEND is ...(1) |
Then sequence E is ... |
And in one occurrence of sequence E field :95a::VEND is ... |
|---|---|---|---|
Present |
Present |
Mandatory that is sequence E must be present minimum once |
Mandatory |
Not present |
Optional |
Optional |
|
Not present |
NA |
Optional |
Optional |
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, then the originating party is identified in the other parties sequence as :95a::MEOR (Originator of Message).
In the case of a non-allocated trade, when an order to buy or sell was executed in several parts, normally one confirmation is sent for each day of execution. Where the confirmation is sent upon the final completion of the order, the executing party may show the partial trades, listing the dates, times, quantities and prices (partial fill sequence).
The Receiver of a request to cancel must advise the requesting party that the request has been accepted or denied in an MT 509 Trade Status Message.