Note
This message may only be sent and received after prior arrangements between the Sender and Receiver.
This message type is sent from one financial institution to another, both of which are involved in the lending of securities.
It is used to confirm the details of:
a new securities loan
a partial recall of securities previously out on loan
a partial return of securities previously out on loan
the close-out of a securities loan.
| Status | Tag | Field Name | Content/Options | No. |
|---|---|---|---|---|
Mandatory Sequence A Securities Loan/Recall/Return Identification |
||||
M |
20 |
16x |
1 |
|
O |
21 |
16x |
2 |
|
M |
23 |
16x |
3 |
|
M |
31P |
6!n[29x] |
4 |
|
O |
83C |
/34x |
5 |
|
M |
35B |
[ISIN1!e12!c] |
6 |
|
O |
35A |
3!a15d |
7 |
|
O |
31L |
6!n |
8 |
|
O |
31X |
[6!n[4!n]][7!a] |
9 |
|
M |
30 |
6!n |
10 |
|
O |
31F |
6!n[/6!n][//35x] |
11 |
|
O |
87a |
A or D |
12 |
|
O |
35N |
3!a15d |
13 |
|
O |
33T |
3!a15d |
14 |
|
End of Sequence A Securities Loan/Recall/Return Identification |
||||
Optional Sequence B Collateral Arrangements |
||||
O |
37J |
12d |
15 |
|
O |
26H |
16x |
16 |
|
O |
33S |
3!a15d |
17 |
|
O |
32a |
A or B |
18 |
|
O |
37a |
A, B, C, D, E, or F |
19 |
|
O |
57a |
A, B, or D |
20 |
|
O |
35S |
3!a15d |
21 |
|
O |
35B |
[ISIN1!e12!c] |
22 |
|
O |
87a |
A or D |
23 |
|
End of Sequence B Collateral Arrangements |
||||
Optional Sequence C |
||||
O |
77D |
6*35x |
24 |
|
O |
72 |
6*35x |
25 |
|
End of Sequence C |
||||
C1 Either field 35A or 35N must be present.
C2 In sequence A, either field 83C or 87a, but not both, may be present.
The details of a securities loan or its recall or return are usually agreed by the two parties via telephone or other means.
The confirmation of a recall or return must contain in field 35N the quantity of securities recalled or returned and in field 35A the remaining quantity of securities out on loan.
Alternatively, if the practice is to close-out a loan in the event of a partial return or partial recall, fields 35A and 35N must be equal.
Adjustments to the collateral amount must not be conveyed by this message. The MT 581 must be used to request or confirm adjustments to the collateral amount.
The cancellation of this message must be conveyed using the MT 592 Request for Cancellation.
To amend or correct a securities loan confirmation, it is necessary to cancel the original message and send a new confirmation message.