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.
It is used to provide, as at a specified time, details of pending settlement allegements, for all or selected securities in a specified safekeeping account.
When bilaterally agreed, this message may also be sent by an account servicer to another account servicer. The account servicers may be local agents or global custodians acting on behalf of an investment management institution, a broker/dealer or a retail client.
Sent with subfunction :23G::NEWM/PORT, it is used for the exchange of settlement details information during a retail or institutional client portfolio transfer. By exchange of settlement details, it is understood the providing, by the delivering account servicer to the receiving account servicer, of the settlement details (trade date, settlement date, delivering parties, and place of settlement) of the individual transfers that will take place during a full or partial portfolio transfer.
This message may also be used to respond to a request for statement/status advice (that is, the MT 549) and to report that there are pending settlement allegements.
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
|---|---|---|---|---|---|---|
Mandatory Sequence A General Information |
||||||
M |
16R |
|
|
GENL | 1 |
|
M |
28E |
|
|
5n/4!c | 2 |
|
O |
13a |
STAT |
Number Identification |
A or J | 3 |
|
M |
20C |
SEME |
Reference |
:4!c//16x | 4 |
|
M |
23G |
|
|
4!c[/4!c] | 5 |
|
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, C, or E | 6 |
|
-----| |
||||||
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 7 |
|
-----| |
||||||
-----> Optional Repetitive Subsequence A1 Linkages |
||||||
M |
16R |
|
|
LINK | 8 |
|
O |
13a |
LINK |
Number Identification |
A or B | 9 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 10 |
|
M |
16S |
|
|
LINK | 11 |
|
-----| End of Subsequence A1 Linkages |
||||||
O |
95a |
ACOW |
Party |
P or R | 12 |
|
M |
97a |
SAFE |
Account |
A or B | 13 |
|
M |
17B |
ACTI |
Flag |
:4!c//1!a | 14 |
|
M |
16S |
|
|
GENL | 15 |
|
End of Sequence A General Information |
||||||
-----> Optional Repetitive Sequence B Allegement Details |
||||||
M |
16R |
|
|
ALLDET | 16 |
|
-----> Optional Repetitive Subsequence B1 Linkages |
||||||
M |
16R |
|
|
LINK | 17 |
|
O |
13a |
LINK |
Number Identification |
A or B | 18 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 19 |
|
M |
16S |
|
|
LINK | 20 |
|
-----| End of Subsequence B1 Linkages |
||||||
O |
25D |
ALLE |
Status |
:4!c/[8c]/4!c | 21 |
|
-----> |
||||||
O |
94a |
4!c |
Place |
B or H | 22 |
|
-----| |
||||||
-----> |
||||||
M |
98a |
4!c |
Date/Time |
A, B, or C | 23 |
|
-----| |
||||||
O |
90a |
DEAL |
Price |
A or B | 24 |
|
O |
99A |
DAAC |
Number Count |
:4!c//[N]3!n | 25 |
|
M |
35B |
|
|
[ISIN1!e12!c] | 26 |
|
Optional Subsequence B2 Financial Instrument Attributes |
||||||
M |
16R |
|
|
FIA | 27 |
|
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 28 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 29 |
|
-----| |
||||||
-----> |
||||||
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 30 |
|
-----| |
||||||
O |
11A |
DENO |
Currency |
:4!c//3!a | 31 |
|
-----> |
||||||
O |
98A |
4!c |
Date |
:4!c//8!n | 32 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 33 |
|
-----| |
||||||
-----> |
||||||
O |
13a |
4!c |
Number Identification |
A or B | 34 |
|
-----| |
||||||
-----> |
||||||
O |
17B |
4!c |
Flag |
:4!c//1!a | 35 |
|
-----| |
||||||
-----> |
||||||
O |
90a |
4!c |
Price |
A or B | 36 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 37 |
|
-----| |
||||||
-----> |
||||||
O |
35B |
|
|
[ISIN1!e12!c] | 38 |
|
-----| |
||||||
O |
70E |
FIAN |
Narrative |
:4!c//10*35x | 39 |
|
M |
16S |
|
|
FIA | 40 |
|
End of Subsequence B2 Financial Instrument Attributes |
||||||
-----> |
||||||
M |
22a |
4!c |
Indicator |
F or H | 41 |
|
-----| |
||||||
Mandatory Subsequence B3 Financial Instrument/Account |
||||||
M |
16R |
|
|
FIAC | 42 |
|
M |
36B |
SETT |
Quantity of Financial Instrument |
:4!c//4!c/15d | 43 |
|
O |
70D |
DENC |
Narrative |
:4!c//6*35x | 44 |
|
O |
97a |
CASH |
Account |
A or E | 45 |
|
O |
94a |
SAFE |
Place |
B, C, or F | 46 |
|
-----> Optional Repetitive Subsequence B3a Quantity Breakdown |
||||||
M |
16R |
|
|
BREAK | 47 |
|
O |
13a |
LOTS |
Number Identification |
A or B | 48 |
|
O |
36B |
LOTS |
Quantity of Financial Instrument |
:4!c//4!c/15d | 49 |
|
O |
98a |
LOTS |
Date/Time |
A, C, or E | 50 |
|
O |
90a |
LOTS |
Price |
A or B | 51 |
|
O |
22F |
PRIC |
Indicator |
:4!c/[8c]/4!c | 52 |
|
M |
16S |
|
|
BREAK | 53 |
|
-----| End of Subsequence B3a Quantity Breakdown |
||||||
M |
16S |
|
|
FIAC | 54 |
|
End of Subsequence B3 Financial Instrument/Account |
||||||
Optional Subsequence B4 Two Leg Transaction Details |
||||||
M |
16R |
|
|
REPO | 55 |
|
O |
98a |
TERM |
Date/Time |
A, B, or C | 56 |
|
-----> |
||||||
O |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 57 |
|
-----| |
||||||
-----> |
||||||
O |
20C |
4!c |
Reference |
:4!c//16x | 58 |
|
-----| |
||||||
-----> |
||||||
O |
92a |
4!c |
Rate |
A or C | 59 |
|
-----| |
||||||
O |
99B |
CADE |
Number Count |
:4!c//3!n | 60 |
|
-----> |
||||||
O |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 61 |
|
-----| |
||||||
O |
70C |
SECO |
Narrative |
:4!c//4*35x | 62 |
|
M |
16S |
|
|
REPO | 63 |
|
End of Subsequence B4 Two Leg Transaction Details |
||||||
Mandatory Subsequence B5 Settlement Details |
||||||
M |
16R |
|
|
SETDET | 64 |
|
-----> |
||||||
M |
22F |
4!c |
Indicator |
:4!c/[8c]/4!c | 65 |
|
-----| |
||||||
-----> Mandatory Repetitive Subsequence B5a Settlement Parties |
||||||
M |
16R |
|
|
SETPRTY | 66 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
C, P, Q, R, or S | 67 |
|
-----| |
||||||
O |
97a |
SAFE |
Account |
A or B | 68 |
|
O |
98a |
PROC |
Date/Time |
A or C | 69 |
|
O |
20C |
PROC |
Reference |
:4!c//16x | 70 |
|
-----> |
||||||
O |
70a |
4!c |
Narrative |
C, D, or E | 71 |
|
-----| |
||||||
M |
16S |
|
|
SETPRTY | 72 |
|
-----| End of Subsequence B5a Settlement Parties |
||||||
-----> Optional Repetitive Subsequence B5b Amount |
||||||
M |
16R |
|
|
AMT | 73 |
|
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 74 |
|
-----| |
||||||
O |
98a |
VALU |
Date/Time |
A or C | 75 |
|
O |
92B |
EXCH |
Rate |
:4!c//3!a/3!a/15d | 76 |
|
M |
16S |
|
|
AMT | 77 |
|
-----| End of Subsequence B5b Amount |
||||||
M |
16S |
|
|
SETDET | 78 |
|
End of Subsequence B5 Settlement Details |
||||||
M |
16S |
|
|
ALLDET | 79 |
|
-----| End of Sequence B Allegement Details |
||||||
Optional Sequence C Additional Information |
||||||
M |
16R |
|
|
ADDINFO | 80 |
|
-----> |
||||||
O |
95a |
4!c |
Party |
C, P, Q, R, or S | 81 |
|
-----| |
||||||
M |
16S |
|
|
ADDINFO | 82 |
|
End of Sequence C Additional Information |
||||||
C1 If the activity flag (field :17B:ACTI) in sequence A General Information is N, then sequence B must not be present. Otherwise, sequence B is mandatory.
Sequence A if field :17B::ACTI is ... |
Sequence B is ... |
|---|---|
N |
Not allowed |
Y |
Mandatory |
C2 If the instruction is against payment (:22H::PAYM//APMT) then it is mandatory to specify a Settlement Amount (field :19A::SETT). This rule applies to sequence B.
Sequence B if field :22H::PAYM is ... |
Then subsequence B5b is ... |
And in one occurrence of subsequence B5b field :19A::SETT |
|---|---|---|
APMT |
Mandatory |
Mandatory |
Not equal to APMT |
Optional |
Optional |
C3 Within each occurrence of sequence B the following amount fields cannot appear in more than one occurrence of the amounts subsequence B5b:
Subsequence B5b |
|---|
:19A::ACRU |
:19A::CHAR |
:19A::DEAL |
:19A::EXEC |
:19A::LOCL |
:19A::LOCO |
:19A::OTHR |
:19A::SETT |
:19A::STAM |
:19A::TRAX |
:19A::WITH |
:19A::COAX |
C4 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 within each occurrence of subsequence B5b.
Subsequence B5b if field :92B::EXCH is ... |
Subsequence B5b then field :19A::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
C5 The following party fields cannot appear more than once in the same occurrence of sequence B:
Subsequence B5a |
|---|
:95a::BUYR |
:95a::DEAG |
:95a::DECU |
:95a::DEI1 |
:95a::DEI2 |
:95a::PSET |
:95a::REAG |
:95a::RECU |
:95a::REI1 |
:95a::REI2 |
:95a::SELL |
C6 Within each occurrence of sequence B, if the allegement is a delivery (:22H::REDE//DELI in sequence B), then it is mandatory to specify a delivering agent: one occurrence of subsequence B5a Settlement Parties must contain party field :95a::DEAG.
Within each occurrence of sequence B, if the allegement is a receipt (:22H::REDE//RECE in sequence B), then it is mandatory to specify a Receiving Agent: One occurrence of subsequence B5a Settlement Parties must contain party field :95a::REAG.
Sequence B if field :22H::REDE is ... |
Then in the same occurrence of sequence B, in one occurrence of sequence B5a field :95a::DEAG |
|---|---|
DELI |
Must be present |
Sequence B if field :22H::REDE is ... |
Then in the same occurrence of sequence B, in one occurrence of sequence B5a field :95a::REAG |
|---|---|
RECE |
Must be present |
C7 If a qualifier from the list deliverers is present in a subsequence B5a, 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 subsequence B5, the following scenarios must be validated:
If :95a::DEI2 is present in subsequence B5a, then :95a::DEI1 must be present in another subsequence B5a.
If :95a::DEI1 is present in subsequence B5a, then :95a::DECU must be present in another subsequence B5a.
If :95a::DECU is present in subsequence B5a, then :95a::SELL must be present in another subsequence B5a.
If a qualifier from the list receivers is present in a subsequence B5a, 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 subsequence B5, the following scenarios must be validated:
If :95a::REI2 is present in subsequence B5a, then :95a::REI1 must be present in another subsequence B5a.
If :95a::REI1 is present in subsequence B5a, then :95a::RECU must be present in another subsequence B5a.
If :95a::RECU is present in subsequence B5a, then :95a::BUYR must be present in another subsequence B5a.
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) |
C8 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 |
C9 In subsequence B5a, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence.
Subsequence B5a if field :95a::PSET is ... |
Subsequence B5a then field :97a::SAFE is ... |
|---|---|
Present |
Not allowed within the same occurrence |
Not present |
Optional |
C10 A value date must only be provided for cash/securities split settlement. That is, in any occurrence of subsequence B5b, if value date field :98a::VALU is present, then in subsequence B5 field :22F::STCO//SPST must be present, and settlement amount field :19A::SETT must be present in the same subsequence B5b.
In any occurrence of subsequence B5b if field :98a::VALU is ... |
Subsequence B5 then field :22F::STCO//SPST with DSS not present is ... |
In the same occurrence of subsequence B5b and field :19A::SETT is ... |
|---|---|---|
Present |
Mandatory |
Mandatory |
Not present |
Optional |
Optional |
The frequency of the statement must be bilaterally agreed between the account servicer and the account owner.
The statement can be sent reflecting all outstanding holding information or may contain only changes since the latest statement sent.
Since a SWIFT message as sent is restricted to the maximum input message length, several messages may be needed to accommodate all the information.