MT 518 Market-Side Securities Trade Confirmation

MT518 Format Specifications

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
M	20C	SEME	Reference	Sender's Message Reference	:4!c//16x	2
M	23G			Function of the Message	4!c[/4!c]	3
O	98a	PREP	Date/Time	Preparation Date/Time	A, C, or E	4
M	22F	TRTR	Indicator	Trade Transaction Type	:4!c/[8c]/4!c	5
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	6
O	13a	LINK	Number Identification	Linked Message	A or B	7
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	8
M	16S			End of Block	LINK	9
-----\| End of Subsequence A1 Linkages
M	16S			End of Block	GENL	10
End of Sequence A General Information
Mandatory Sequence B Confirmation Details
M	16R			Start of Block	CONFDET	11
----->
M	98a	4!c	Date/Time	(see qualifier description)	A, B, C, or E	12
-----\|
M	90a	DEAL	Price	Deal Price	A or B	13
----->
O	92A	4!c	Rate	(see qualifier description)	:4!c//[N]15d	14
-----\|
----->
O	99A	4!c	Number Count	(see qualifier description)	:4!c//[N]3!n	15
-----\|
----->
O	94a	4!c	Place	(see qualifier description)	B, C, or F	16
-----\|
O	19A	SETT	Amount	Settlement Amount	:4!c//[N]3!a15d	17
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	18
-----\|
O	11A	4!c	Currency	(see qualifier description)	:4!c//3!a	19
-----> Mandatory Repetitive Subsequence B1 Confirmation Parties
M	16R			Start of Block	CONFPRTY	20
----->
M	95a	4!c	Party	(see qualifier description)	P, Q, R, or S	21
-----\|
----->
O	97a	4!c	Account	(see qualifier description)	A, B, or E	22
-----\|
O	98a	PROC	Date/Time	Processing Date/Time	A or C	23
O	20C	PROC	Reference	Processing Reference	:4!c//16x	24
----->
O	70a	4!c	Narrative	(see qualifier description)	C or E	25
-----\|
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	26
-----\|
M	16S			End of Block	CONFPRTY	27
-----\| End of Subsequence B1 Confirmation Parties
M	36B	CONF	Quantity of Financial Instrument	Quantity of Financial Instrument Confirmed	:4!c//4!c/15d	28
M	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	29
Optional Subsequence B2 Financial Instrument Attributes
M	16R			Start of Block	FIA	30
O	94B	PLIS	Place	Place of Listing	:4!c/[8c]/4!c[/30x]	31
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	32
-----\|
----->
O	12a	4!c	Type of Financial Instrument	(see qualifier description)	A, B, or C	33
-----\|
O	11A	DENO	Currency	Currency of Denomination	:4!c//3!a	34
----->
O	98A	4!c	Date/Time	(see qualifier description)	:4!c//8!n	35
-----\|
----->
O	92A	4!c	Rate	(see qualifier description)	:4!c//[N]15d	36
-----\|
----->
O	13a	4!c	Number Identification	(see qualifier description)	A or B	37
-----\|
----->
O	17B	4!c	Flag	(see qualifier description)	:4!c//1!a	38
-----\|
----->
O	90a	4!c	Price	(see qualifier description)	A or B	39
-----\|
----->
O	36B	4!c	Quantity of Financial Instrument	(see qualifier description)	:4!c//4!c/15d	40
-----\|
----->
O	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	41
-----\|
O	70E	FIAN	Narrative	Financial Instrument Attribute Narrative	:4!c//10*35x	42
M	16S			End of Block	FIA	43
End of Subsequence B2 Financial Instrument Attributes
----->
O	13B	CERT	Number Identification	Certificate Number	:4!c/[8c]/30x	44
-----\|
----->
O	70E	4!c	Narrative	(see qualifier description)	:4!c//10*35x	45
-----\|
M	16S			End of Block	CONFDET	46
End of Sequence B Confirmation Details
Optional Sequence C Settlement Details
M	16R			Start of Block	SETDET	47
----->
M	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	48
-----\|
O	11A	4!c	Currency	(see qualifier description)	:4!c//3!a	49
-----> Optional Repetitive Subsequence C1 Settlement Parties
M	16R			Start of Block	SETPRTY	50
----->
M	95a	4!c	Party	(see qualifier description)	C, P, Q, R, or S	51
-----\|
O	97a	SAFE	Account	Safekeeping Account	A or B	52
O	98a	PROC	Date/Time	Processing Date/Time	A or C	53
O	20C	PROC	Reference	Processing Reference	:4!c//16x	54
----->
O	70a	4!c	Narrative	(see qualifier description)	C or D	55
-----\|
M	16S			End of Block	SETPRTY	56
-----\| End of Subsequence C1 Settlement Parties
-----> Optional Repetitive Subsequence C2 Cash Parties
M	16R			Start of Block	CSHPRTY	57
----->
M	95a	4!c	Party	(see qualifier description)	P, Q, R, or S	58
-----\|
----->
O	97a	4!c	Account	(see qualifier description)	A or E	59
-----\|
O	98a	PROC	Date/Time	Processing Date/Time	A or C	60
O	20C	PROC	Reference	Processing Reference	:4!c//16x	61
O	70C	PACO	Narrative	Party Narrative	:4!c//4*35x	62
M	16S			End of Block	CSHPRTY	63
-----\| End of Subsequence C2 Cash Parties
-----> Optional Repetitive Subsequence C3 Amounts
M	16R			Start of Block	AMT	64
----->
O	17B	4!c	Flag	(see qualifier description)	:4!c//1!a	65
-----\|
----->
M	19A	4!c	Amount	(see qualifier description)	:4!c//[N]3!a15d	66
-----\|
O	98a	VALU	Date/Time	Value Date/Time	A or C	67
O	92B	EXCH	Rate	Exchange Rate	:4!c//3!a/3!a/15d	68
M	16S			End of Block	AMT	69
-----\| End of Subsequence C3 Amounts
M	16S			End of Block	SETDET	70
End of Sequence C Settlement Details
-----> Optional Repetitive Sequence D Other Parties
M	16R			Start of Block	OTHRPRTY	71
----->
M	95a	4!c	Party	(see qualifier description)	P, Q, R, or S	72
-----\|
----->
O	97a	4!c	Account	(see qualifier description)	A, B, or E	73
-----\|
O	70C	PACO	Narrative	Party Narrative	:4!c//4*35x	74
O	20C	PROC	Reference	Processing Reference	:4!c//16x	75
M	16S			End of Block	OTHRPRTY	76
-----\| End of Sequence D Other Parties
Optional Sequence E Two Leg Transaction Details
M	16R			Start of Block	REPO	77
----->
O	98a	4!c	Date/Time	(see qualifier description)	A, B, or C	78
-----\|
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	79
-----\|
----->
O	20C	4!c	Reference	(see qualifier description)	:4!c//16x	80
-----\|
----->
O	92a	4!c	Rate	(see qualifier description)	A or C	81
-----\|
----->
O	99B	4!c	Number Count	(see qualifier description)	:4!c//3!n	82
-----\|
----->
O	19A	4!c	Amount	(see qualifier description)	:4!c//[N]3!a15d	83
-----\|
O	70C	SECO	Narrative	Second Leg Narrative	:4!c//4*35x	84
M	16S			End of Block	REPO	85
End of Sequence E Two Leg Transaction Details

MT518 Network Validated Rules

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 C3
if field :92B::EXCH is ...

Subsequence C3
then field :19A::RESU is ...

Present

Mandatory

Not present

Not allowed
C2 If the Settlement Amount (:19A::SETT) is present in sequence B, it must not be present in any occurrence of subsequence C3.

Sequence B
if field :19A::SETT is ...

Then, for each occurrence of subsequence C3
field :19A::SETT is ...

Present

Not allowed

Not present

Optional

Subsequence C3 if field :92B::EXCH is ...	Subsequence C3 then field :19A::RESU is ...
Present	Mandatory
Not present	Not allowed

Sequence B if field :19A::SETT is ...	Then, for each occurrence of subsequence C3 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 subsequence A1 (Linkages) must be present at least once in the message, and in one and only one occurrence of A1, field :20C::PREV must be present; consequently, in all other occurrences of A1, field :20C::PREV is not allowed.

Sequence A if field :23G: is ...	Then subsequence A1 is ...	And field :20C::PREV is ...
CANC	Mandatory (minimum one occurrence of A1 must be present)	Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1
NEWM	Optional	NA

Sequence A

if field :23G: is ...

Then subsequence A1 is ...

And field :20C::PREV is ...

CANC

Mandatory (minimum one occurrence of A1 must be present)

Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1

NEWM

Optional

C4 The following party fields for subsequences C1 and C2 cannot appear more than once in sequence C. The party fields for sequence D cannot appear more than once in a message.

Subsequence C1	Subsequence C2	Sequence D
: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 C1, 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 C, the following scenarios must be validated:

If :95a::DEI2 is present in subsequence C1, then :95a::DEI1 must be present in another subsequence C1.
If :95a::DEI1 is present in subsequence C1, then :95a::DECU must be present in another subsequence C1.
If :95a::DECU is present in subsequence C1, then :95a::SELL must be present in another subsequence C1.
If :95a::SELL is present in subsequence C1, then :95a::DEAG must be present in another subsequence C1.

If a qualifier from the list Receivers is present in a subsequence C1, 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 C, the following scenarios must be validated:

If :95a::REI2 is present in subsequence C1, then :95a::REI1 must be present in another subsequence C1.
If :95a::REI1 is present in subsequence C1, then :95a::RECU must be present in another subsequence C1.
If :95a::RECU is present in subsequence C1, then :95a::BUYR must be present in another subsequence C1.
If :95a::BUYR is present in subsequence C1, then :95a::REAG must be present in another subsequence C1.

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 C1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence..

Subsequence C1
if field :95a::PSET is ...

Subsequence C1
then field :97a::SAFE is ...

Present

Not allowed within the same occurrence

Not present

Optional

Subsequence C1 if field :95a::PSET is ...	Subsequence C1 then field :97a::SAFE is ...
Present	Not allowed within the same occurrence
Not present	Optional

C7 If field :22F::DBNM//VEND is present in sequence C, then a vendor must be specified; that is one occurrence of sequence D must contain field :95a::VEND.

If sequence C is ...	And in sequence C if field :22F::DBNM//VEND is ... (*)	Then sequence D is ...	And in one occurrence of sequence D field :95a::VEND is ...
Present	Present	Mandatory, that is, must be present minimum once	Mandatory
Not present	Optional	Optional
Not present	NA	Optional	Optional

If sequence C is ...

And in sequence C

if field :22F::DBNM//VEND is ... (*)

Then sequence D is ...

And in one occurrence of sequence D

field :95a::VEND is ...

Present

Mandatory, that is, must be present minimum once

Mandatory

Not present

Optional

Not present

Optional

(*) if the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.

MT518 Scope

MT518 Format Specifications

MT518 Network Validated Rules

MT518 Usage Rules