This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.
This message is used to:
confirm the receipt of financial instruments against payment, physically or by book-entry, from a specified party (the function of the message is NEWM)
cancel a confirmation of a receipt against payment previously sent by the account servicer (the function of the message is CANC)
reverse a confirmation of a receipt against payment previously sent by the account servicer (the function of the message is RVSL).
The message is also used to pre-confirm settlement or to confirm a partial settlement of a receipt of financial instruments against payment.
| 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 |
|
-----> |
||||||
O |
22a |
4!c |
Indicator |
F or H | 5 |
|
-----| |
||||||
-----> Mandatory Repetitive Subsequence A1 Linkages |
||||||
M |
16R |
|
|
LINK | 6 |
|
O |
22F |
LINK |
Indicator |
:4!c/[8c]/4!c | 7 |
|
O |
13a |
LINK |
Number Identification |
A or B | 8 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 9 |
|
M |
16S |
|
|
LINK | 10 |
|
-----| End of Subsequence A1 Linkages |
||||||
M |
16S |
|
|
GENL | 11 |
|
End of Sequence A General Information |
||||||
Mandatory Sequence B Trade Details |
||||||
M |
16R |
|
|
TRADDET | 12 |
|
-----> |
||||||
O |
94a |
4!c |
Place |
B or H | 13 |
|
-----| |
||||||
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, B, C, or E | 14 |
|
-----| |
||||||
O |
90a |
DEAL |
Price |
A or B | 15 |
|
O |
99A |
DAAC |
Number Count |
:4!c//[N]3!n | 16 |
|
M |
35B |
|
|
[ISIN1!e12!c] | 17 |
|
Optional Subsequence B1 Financial Instrument Attributes |
||||||
M |
16R |
|
|
FIA | 18 |
|
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 19 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 20 |
|
-----| |
||||||
-----> |
||||||
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 21 |
|
-----| |
||||||
O |
11A |
DENO |
Currency |
:4!c//3!a | 22 |
|
-----> |
||||||
O |
98A |
4!c |
Date |
:4!c//8!n | 23 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 24 |
|
-----| |
||||||
-----> |
||||||
O |
13a |
4!c |
Number Identification |
A or B | 25 |
|
-----| |
||||||
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 26 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A or B | 27 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 28 |
|
-----| |
||||||
-----> |
||||||
O |
35B |
|
|
[ISIN1!e12!c] | 29 |
|
-----| |
||||||
O |
70E |
FIAN |
Narrative |
:4!c//10*35x | 30 |
|
M |
16S |
|
|
FIA | 31 |
|
End of Subsequence B1 Financial Instrument Attributes |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 32 |
|
-----| |
||||||
-----> |
||||||
O |
70E |
4!c |
Narrative |
:4!c//10*35x | 33 |
|
-----| |
||||||
M |
16S |
|
|
TRADDET | 34 |
|
End of Sequence B Trade Details |
||||||
Mandatory Sequence C Financial Instrument/Account |
||||||
M |
16R |
|
|
FIAC | 35 |
|
-----> |
||||||
M |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 36 |
|
-----| |
||||||
-----> |
||||||
O |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 37 |
|
-----| |
||||||
O |
70D |
DENC |
Narrative |
:4!c//6*35x | 38 |
|
-----> |
||||||
O |
13B |
CERT |
Number Identification |
:4!c/[8c]/30x | 39 |
|
-----| |
||||||
O |
95a |
ACOW |
Party |
P or R | 40 |
|
-----> |
||||||
M |
97a |
4!c |
Account |
A, B, or E | 41 |
|
-----| |
||||||
O |
94a |
SAFE |
Place |
B, C, or F | 42 |
|
-----> Optional Repetitive Subsequence C1 Quantity Breakdown |
||||||
M |
16R |
|
|
BREAK | 43 |
|
O |
13a |
LOTS |
Number Identification |
A or B | 44 |
|
O |
36B |
LOTS |
Quantity of Financial Instrument |
:4!c//4!c/15d | 45 |
|
O |
98a |
LOTS |
Date/Time |
A, C, or E | 46 |
|
O |
90a |
LOTS |
Price |
A or B | 47 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 48 |
|
-----| |
||||||
M |
16S |
|
|
BREAK | 49 |
|
-----| End of Subsequence C1 Quantity Breakdown |
||||||
M |
16S |
|
|
FIAC | 50 |
|
End of Sequence C Financial Instrument/Account |
||||||
Optional Sequence D Two Leg Transaction Details |
||||||
M |
16R |
|
|
REPO | 51 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A, B, or C | 52 |
|
-----| |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 53 |
|
-----| |
||||||
-----> |
||||||
O |
20C |
4!c |
Reference |
:4!c//16x | 54 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
A or C | 55 |
|
-----| |
||||||
-----> |
||||||
O |
99B |
4!c |
Number Count |
:4!c//3!n | 56 |
|
-----| |
||||||
-----> |
||||||
O |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 57 |
|
-----| |
||||||
O |
70C |
SECO |
Narrative |
:4!c//4*35x | 58 |
|
M |
16S |
|
|
REPO | 59 |
|
End of Sequence D Two Leg Transaction Details |
||||||
Mandatory Sequence E Settlement Details |
||||||
M |
16R |
|
|
SETDET | 60 |
|
-----> |
||||||
M |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 61 |
|
-----| |
||||||
-----> Mandatory Repetitive Subsequence E1 Settlement Parties |
||||||
M |
16R |
|
|
SETPRTY | 62 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
C, P, Q, R, or S | 63 |
|
-----| |
||||||
O |
97a |
SAFE |
Account |
A or B | 64 |
|
O |
98a |
PROC |
Date/Time |
A or C | 65 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 66 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C, D, or E | 67 |
|
-----| |
||||||
M |
16S |
|
|
SETPRTY | 68 |
|
-----| End of Subsequence E1 Settlement Parties |
||||||
-----> Optional Repetitive Subsequence E2 Cash Parties |
||||||
M |
16R |
|
|
CSHPRTY | 69 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 70 |
|
-----| |
||||||
-----> |
||||||
O |
97a |
4!c |
Account |
A or E | 71 |
|
-----| |
||||||
O |
20C |
PROC |
Reference |
:4!c//16x | 72 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C or E | 73 |
|
-----| |
||||||
M |
16S |
|
|
CSHPRTY | 74 |
|
-----| End of Subsequence E2 Cash Parties |
||||||
-----> Mandatory Repetitive Subsequence E3 Amount |
||||||
M |
16R |
|
|
AMT | 75 |
|
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 76 |
|
-----| |
||||||
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 77 |
|
-----| |
||||||
O |
98a |
VALU |
Date/Time |
A or C | 78 |
|
O |
92B |
EXCH |
Rate |
:4!c//3!a/3!a/15d | 79 |
|
M |
16S |
|
|
AMT | 80 |
|
-----| End of Subsequence E3 Amount |
||||||
M |
16S |
|
|
SETDET | 81 |
|
End of Sequence E Settlement Details |
||||||
-----> Optional Repetitive Sequence F Other Parties |
||||||
M |
16R |
|
|
OTHRPRTY | 82 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
C, P, Q, R, or S | 83 |
|
-----| |
||||||
O |
97A |
SAFE |
Account |
:4!c//35x | 84 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C, D, or E | 85 |
|
-----| |
||||||
O |
20C |
PROC |
Reference |
:4!c//16x | 86 |
|
M |
16S |
|
|
OTHRPRTY | 87 |
|
-----| End of Sequence F Other Parties |
||||||
C1 The following amount fields cannot appear in more than one occurrence of the subsequence E3 Amounts:
Subsequence E3 |
|---|
:19A::ACRU |
:19A::ANTO |
:19A::CHAR |
:19A::COMT |
:19A::COUN |
:19A::DEAL |
:19A::EXEC |
:19A::ESTT |
:19A::ISDI |
:19A::LADT |
:19A::LEVY |
:19A::LOCL |
:19A::LOCO |
:19A::MARG |
:19A::OTHR |
:19A::POST |
:19A::REGF |
:19A::SHIP |
:19A::SPCN |
:19A::STAM |
:19A::STEX |
:19A::TRAN |
:19A::TRAX |
:19A::VATA |
:19A::WITH |
:19A::COAX |
:19A::ACCA |
C2 It is mandatory to specify a Settled Amount: one occurrence of subsequence E3 Amount must contain field :19A::ESTT.
C3 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 then the Resulting Amount is not allowed. This check applies to subsequence E3.
Subsequence E3 if field :92B::EXCH is ... |
Subsequence E3 then field :19A::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
C4 The following party fields cannot appear more than once in a message:
Subsequence E1 |
Subsequence E2 |
Sequence F |
|---|---|---|
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::PSET |
|
:95a::VEND |
:95a::REAG |
|
:95a::TRAG |
:95a::RECU |
|
:95a::QFIN |
:95a::REI1 |
|
:95a::BRKR |
:95a::REI2 |
|
|
:95a::SELL |
|
|
C5 If field :22F::DBNM is NOT present in sequence E, then it is mandatory to specify a delivering agent and a place of settlement: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::DEAG and another one must contain party field :95a::PSET.
C6 If a qualifier from the list Deliverers is present in a subsequence E1, 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 E, the following scenarios must be validated:
If :95a::DEI2 is present in subsequence E1, then :95a::DEI1 must be present in another subsequence E1.
If :95a::DEI1 is present in subsequence E1, then :95a::DECU must be present in another subsequence E1.
If :95a::DECU is present in subsequence E1, then :95a::SELL must be present in another subsequence E1.
If a qualifier from the list Receivers is present in a subsequence E1, 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 E, the following scenarios must be validated:
If :95a::REI2 is present in subsequence E1, then :95a::REI1 must be present in another subsequence E1.
If :95a::REI1 is present in subsequence E1, then :95a::RECU must be present in another subsequence E1.
If :95a::RECU is present in subsequence E1, then :95a::BUYR must be present in another subsequence E1.
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) |
C7 If the message is a cancellation or a reversal, that is, Function of the Message (field 23G) is CANC or RVSL, then field :20C::PREV must be present in one and only one occurrence of subsequence 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 or RVSL |
Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1 |
NEWM |
NA |
C8 In subsequence E1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence.
Subsequence E1 if field :95a::PSET is ... |
Subsequence E1 then field :97a::SAFE is ... |
|---|---|
Present |
Not allowed within the same occurrence |
Not present |
Optional |
C9 A reference to the previously received message must be specified, that is field 20C::RELA must be present in one and only one occurrence of subsequence A1 Linkages; field 20C::RELA is not allowed in all other occurrences of subsequence A1.
C10 In sequence C, field :36B::ESTT cannot appear more than twice (maximum two occurrences). When repeated, one occurrence must have Quantity Type Code FAMT and the other occurrence must have Quantity Type Code AMOR.
Sequence C if field :36B::ESTT is ... |
Then one occurrence of :36B::ESTT must be ... |
And the other occurrence of :36B::ESTT must be ... |
|---|---|---|
Repeated |
:36B::ESTT//FAMT |
:36B::ESTT//AMOR |
Not repeated |
NA |
NA |
C11 A value date must only be provided with an effective settlement amount, that is, in any occurrence of subsequence E3, if value date field :98a::VALU is present, then settled amount field :19A::ESTT must be present in the same subsequence.
Subsequence E3 if field :98a::VALU is ... |
Subsequence E3 then field :19A::ESTT is ... |
|---|---|
Present |
Mandatory |
Not present |
Optional |
Note
Per Network Validated Rules C1 (Error Code E87) and C2 (Error Code E92), field :19A::ESTT must be present in one occurrence of subsequence E3 and must not be used in any other occurrence of subsequence E3.
The message may also be used to:
re-send a message (be it a confirmation, cancellation or reversal of a confirmation) sent by the account servicer to the account owner (the sub-function of the message is DUPL)
provide a third party with a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is COPY)
re-send a third party a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is CODU).
When the message is used as a cancellation, the linkage sequence must contain the reference of the original confirmation.