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 to the account owner that securities and/or cash have been credited/debited to an account as the result of a corporate action event.
This message may also be used to:
reverse a previously sent corporate action confirmation
re-send a corporate action confirmation previously sent
provide a third party with a copy of the message.
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
|---|---|---|---|---|---|---|
Mandatory Sequence A General Information |
||||||
M |
16R |
|
|
GENL | 1 |
|
-----> |
||||||
M |
20C |
4!c |
Reference |
:4!c//16x | 2 |
|
-----| |
||||||
M |
23G |
|
|
4!c[/4!c] | 3 |
|
M |
22F |
CAEV |
Indicator |
:4!c/[8c]/4!c | 4 |
|
O |
98a |
PREP |
Date/Time |
A or C | 5 |
|
-----> Optional 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 Underlying Securities |
||||||
M |
16R |
|
|
USECU | 12 |
|
O |
95a |
ACOW |
Party |
P or R | 13 |
|
M |
97A |
SAFE |
Account |
:4!c//35x | 14 |
|
O |
94a |
SAFE |
Place |
B, C, or F | 15 |
|
M |
35B |
|
|
[ISIN1!e12!c] | 16 |
|
Optional Subsequence B1 Financial Instrument Attributes |
||||||
M |
16R |
|
|
FIA | 17 |
|
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 18 |
|
O |
22F |
MICO |
Indicator |
:4!c/[8c]/4!c | 19 |
|
O |
12a |
CLAS |
Type of Financial Instrument |
A or C | 20 |
|
O |
11A |
DENO |
Currency |
:4!c//3!a | 21 |
|
-----> |
||||||
O |
98A |
4!c |
Date/Time |
:4!c//8!n | 22 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 23 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 24 |
|
-----| |
||||||
M |
16S |
|
|
FIA | 25 |
|
End of Subsequence B1 Financial Instrument Attributes |
||||||
-----> |
||||||
M |
93a |
4!c |
Balance |
B or C | 26 |
|
-----| |
||||||
M |
16S |
|
|
USECU | 27 |
|
End of Sequence B Underlying Securities |
||||||
Optional Sequence C Corporate Action Details |
||||||
M |
16R |
|
|
CADETL | 28 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A, B, C, or E | 29 |
|
-----| |
||||||
-----> |
||||||
O |
69a |
4!c |
Period |
A, B, C, D, E, or F | 30 |
|
-----| |
||||||
O |
99A |
DAAC |
Number Count |
:4!c//[N]3!n | 31 |
|
-----> |
||||||
O |
92a |
4!c |
Rate |
A, F, or K | 32 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A or B | 33 |
|
-----| |
||||||
-----> |
||||||
O |
36a |
4!c |
Quantity of Financial Instrument |
B or C | 34 |
|
-----| |
||||||
-----> |
||||||
O |
13a |
COUP |
Number Identification |
A or B | 35 |
|
-----| |
||||||
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 36 |
|
-----| |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 37 |
|
-----| |
||||||
-----> |
||||||
O |
70E |
4!c |
Narrative |
:4!c//10*35x | 38 |
|
-----| |
||||||
M |
16S |
|
|
CADETL | 39 |
|
End of Sequence C Corporate Action Details |
||||||
Mandatory Sequence D Corporate Action Confirmation |
||||||
M |
16R |
|
|
CACONF | 40 |
|
M |
13A |
CAON |
Number Identification |
:4!c//3!c | 41 |
|
-----> |
||||||
M |
22a |
4!c |
Indicator |
F or H | 42 |
|
-----| |
||||||
O |
11A |
OPTN |
Currency |
:4!c//3!a | 43 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A, B, C, or E | 44 |
|
-----| |
||||||
-----> |
||||||
O |
69a |
4!c |
Period |
A, B, C, D, E, or F | 45 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
A, F, or J | 46 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A, B, F, or J | 47 |
|
-----| |
||||||
O |
94B |
TRAD |
Place |
:4!c/[8c]/4!c[/30x] | 48 |
|
-----> Optional Repetitive Subsequence D1 Securities Movement |
||||||
M |
16R |
|
|
SECMOVE | 49 |
|
-----> |
||||||
M |
22a |
4!c |
Indicator |
F or H | 50 |
|
-----| |
||||||
M |
35B |
|
|
[ISIN1!e12!c] | 51 |
|
Optional Subsequence D1a Financial Instrument Attributes |
||||||
M |
16R |
|
|
FIA | 52 |
|
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 53 |
|
O |
22F |
MICO |
Indicator |
:4!c/[8c]/4!c | 54 |
|
O |
12a |
CLAS |
Type of Financial Instrument |
A or C | 55 |
|
O |
11A |
DENO |
Currency |
:4!c//3!a | 56 |
|
-----> |
||||||
O |
98A |
4!c |
Date/Time |
:4!c//8!n | 57 |
|
-----| |
||||||
O |
90a |
ISSU |
Price |
A or B | 58 |
|
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 59 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 60 |
|
-----| |
||||||
M |
16S |
|
|
FIA | 61 |
|
End of Subsequence D1a Financial Instrument Attributes |
||||||
-----> |
||||||
M |
36B |
PSTA |
Quantity of Financial Instrument |
:4!c//4!c/15d | 62 |
|
-----| |
||||||
O |
94a |
SAFE |
Place |
B, C, or F | 63 |
|
O |
22F |
DISF |
Indicator |
:4!c/[8c]/4!c | 64 |
|
O |
11A |
OPTN |
Currency |
:4!c//3!a | 65 |
|
-----> |
||||||
O |
90a |
4!c |
Price |
A or B | 66 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
D, L, M, or N | 67 |
|
-----| |
||||||
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, B, C, or E | 68 |
|
-----| |
||||||
-----> Optional Repetitive Subsequence D1b Receiver/Deliverer |
||||||
M |
16R |
|
|
RECDEL | 69 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
C, P, Q, R, or S | 70 |
|
-----| |
||||||
O |
97A |
SAFE |
Account |
:4!c//35x | 71 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 72 |
|
O |
70E |
PACO |
Narrative |
:4!c//10*35x | 73 |
|
M |
16S |
|
|
RECDEL | 74 |
|
-----| End of Subsequence D1b Receiver/Deliverer |
||||||
M |
16S |
|
|
SECMOVE | 75 |
|
-----| End of Subsequence D1 Securities Movement |
||||||
-----> Optional Repetitive Subsequence D2 Cash Movement |
||||||
M |
16R |
|
|
CASHMOVE | 76 |
|
-----> |
||||||
M |
22a |
4!c |
Indicator |
H or F | 77 |
|
-----| |
||||||
O |
97a |
4!c |
Account |
A or E | 78 |
|
-----> Optional Repetitive Subsequence D2a Cash Parties |
||||||
M |
16R |
|
|
CSHPRTY | 79 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 80 |
|
-----| |
||||||
O |
97a |
CASH |
Account |
A or E | 81 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 82 |
|
O |
70E |
PACO |
Narrative |
:4!c//10*35x | 83 |
|
M |
16S |
|
|
CSHPRTY | 84 |
|
-----| End of Subsequence D2a Cash Parties |
||||||
-----> |
||||||
M |
19B |
4!c |
Amount |
:4!c//3!a15d | 85 |
|
-----| |
||||||
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, C, or E | 86 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
A, B, F, or J | 87 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A, B, F, J, or K | 88 |
|
-----| |
||||||
Optional Subsequence D2b Tax Voucher Details |
||||||
M |
16R |
|
|
TAXVODET | 89 |
|
M |
20C |
TAVO |
Reference |
:4!c//16x | 90 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A or C | 91 |
|
-----| |
||||||
M |
16S |
|
|
TAXVODET | 92 |
|
End of Subsequence D2b Tax Voucher Details |
||||||
M |
16S |
|
|
CASHMOVE | 93 |
|
-----| End of Subsequence D2 Cash Movement |
||||||
M |
16S |
|
|
CACONF | 94 |
|
End of Sequence D Corporate Action Confirmation |
||||||
Optional Sequence E Additional Information |
||||||
M |
16R |
|
|
ADDINFO | 95 |
|
-----> |
||||||
O |
70E |
4!c |
Narrative |
:4!c//10*35x | 96 |
|
-----| |
||||||
-----> |
||||||
O |
95a |
4!c |
Party |
P, Q, or R | 97 |
|
-----| |
||||||
M |
16S |
|
|
ADDINFO | 98 |
|
End of Sequence E Additional Information |
||||||
C1 If an Exchange Rate is present (field :92B::EXCH), the corresponding Resulting Amount (field :19B::RESU) must be present in the same (sub)sequence. If the exchange rate is not present, the resulting amount is not allowed.
This check applies to subsequence D2.
Subsequence D2 if field :92B::EXCH is ... |
Subsequence D2 then field :19B::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
C2 If the message is a reversal, that is, Function of the Message (field 23G) is REVR, 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 ... |
|---|---|---|
REVR |
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 |
C3 In sequence D and in each occurrence of subsequence D2:
field :92F::GRSS cannot appear more than once.
In each occurrence of subsequence D2:
field :92F::NETT cannot appear more than once,
field :92A::TAXC cannot appear more than once and field :92F::TAXC cannot appear more than once and both :92A::TAXC and :92F::TAXC cannot appear together.
(Error code(s): E77).
C4 In sequence D and in each occurrence of subsequence D2:
if field :92J::GRSS is present more than once, then for each occurrence of field :92J::GRSS, the Rate Type Code must be different,
if field :92J::TAXE is present more than once, then for each occurrence of field :92J::TAXE, the Rate Type Code must be different.
In each occurrence of subsequence D2:
if field :92J::TAXC is present more than once, then for each occurrence of field :92J::TAXC, the Rate Type Code must be different,
if field:92J::NETT is present more than once, then for each occurrence of field :92J::NETT, the Rate Type Code must be different.
C5 If field :70E::NAME is used in sequence C, then field :22F::CAEV//CHAN must be present in sequence A and :22F::CHAN//NAME must be present in sequence C.
In sequence C if field :70E::NAME is ... |
Then sequence A field :22F::CAEV//CHAN is ... |
And sequence C field :22F::CHAN//NAME is ... |
|---|---|---|
Present |
Mandatory (DSS must not be present) |
Mandatory (DSS must not be present) |
Not present |
NA |
NA |
C6 If field :22F::CAEV//RHDI is present in sequence A, then sequence C is Mandatory and field :22F::RHDI must be present in sequence C.
In sequence A if field :22F::CAEV//RHDI is ...(1) |
Then sequence C is ... |
And in sequence C field :22F::RHDI is ... |
|---|---|---|
Present |
Mandatory |
Mandatory |
Not present |
Optional |
Optional |
C7 In sequence D and in each occurrence of subsequence D2, if field :92J::TAXE is present, then field :92F::GRSS must be present in the same sequence occurrence.
C8 In sequence B, field :93B::ELIG 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 B if field :93B::ELIG is ... |
Then one occurrence of :93B::ELIG must be ... |
And the other occurrence of :93B::ELIG must be ... |
|---|---|---|
Repeated |
:93B::ELIG//FAMT and DSS must not be present |
:93B::ELIG//AMOR and DSS must not be present |
Not repeated |
NA |
NA |
C9 In each occurrence of subsequence D1, field :36B::PSTA 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.
Subsequence D1 if field :36B::PSTA is ... |
Then one occurrence of :36B::PSTA must be ... |
And the other occurrence of :36B::PSTA must be ... |
|---|---|---|
Repeated |
:36B::PSTA//FAMT |
:36B::PSTA//AMOR |
Not repeated |
NA |
NA |
Unless an MT 564 Corporate Action Notification was not previously sent or unless pursuant to a bilateral agreement, general details of corporate action event should not be reiterated in the MT 566. If details are included, the same event details should not be repeated in both the sequence Corporate Action Details and the sequence Corporate Actions Confirmation. The sequence Corporate Actions Details should convey details that are common to the corporate action event while details appearing in the sequence Corporate Action Confirmation should be specific only to the specific posting.
The quantity of securities reported in the sequence Underlying Securities represents the balance before the posting was effected.
The sequence Financial Instrument Attribute (FIA) is intended to provide additional information regarding the terms and conditions of a securities issue. The objective of the sequence FIA is to ensure unambiguous identification of the security by the Receiver. It is recommended that the sequence FIA not be used unless required by a specific corporate action event, pursuant to a bilateral agreement, or when a valid ISIN or security identifier is not available.
In case of blocking of shares, depending on your internal processing method, you can use either an MT 566 Corporate Action Confirmation or an MT 508 Intra-Position Advice. The MT 566 is to be used when the securities safekeeping account is debited and another securities safekeeping account is credited. The MT 508 is to be used when the securities remain in the same securities safekeeping account but are given a blocked status.