This message is sent by a depositary bank or its authorised representative to an instructing party, for example, a broker-dealer. It may also be sent by a custodian to an owner of a depositary receipt.
It is used to confirm the issuance or release of a depositary receipt from/to ordinary shares, or to confirm the conversion from one type of depositary receipt to another, and to provide details concerning cash movements associated with the processing of the depositary receipt. It may also be used to:
reverse a previously sent depositary receipt confirmation
re-send a depositary receipt confirmation previously sent
provide a third party with a copy of the message (be it the depositary receipt confirmation or reversal of a previously sent depositary receipt confirmation) being sent.
| 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 |
|||
-----> |
||||||
M |
22a |
4!c |
Indicator |
F or H | 4 |
|
-----| |
||||||
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 5 |
|
O |
98a |
PREP |
Date/Time |
A, C, or E | 6 |
|
M |
17B |
PRER |
Flag |
:4!c//1!a | 7 |
|
-----> Optional Repetitive Subsequence A1 Linkages |
||||||
M |
16R |
LINK | 8 |
|||
O |
22F |
LINK |
Indicator |
:4!c/[8c]/4!c | 9 |
|
O |
13a |
LINK |
Number Identification |
A or B | 10 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 11 |
|
M |
16S |
LINK | 12 |
|||
-----| End of Subsequence A1 Linkages |
||||||
M |
16S |
GENL | 13 |
|||
End of Sequence A General Information |
||||||
Mandatory Sequence B Depositary Receipt Details |
||||||
M |
16R |
DRDETL | 14 |
|||
O |
95a |
ACOW |
Party |
P or R | 15 |
|
O |
97A |
SAFE |
Account |
:4!c//35x | 16 |
|
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A or C | 17 |
|
-----| |
||||||
-----> Mandatory Repetitive Subsequence B1 Details of Financial Instrument |
||||||
M |
16R |
FIDETL | 18 |
|||
M |
35B |
[ISIN1!e12!c] | 19 |
|||
Optional Subsequence B1a Financial Instrument Attributes |
||||||
M |
16R |
FIA | 20 |
|||
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 21 |
|
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 22 |
|
O |
11A |
DENO |
Currency |
:4!c//3!a | 23 |
|
-----> |
||||||
O |
98A |
4!c |
Date/Time |
:4!c//8!n | 24 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 25 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 26 |
|
-----| |
||||||
M |
16S |
FIA | 27 |
|||
End of Subsequence B1a Financial Instrument Attributes |
||||||
O |
36B |
QSEC |
Quantity of Financial Instrument |
:4!c//4!c/15d | 28 |
|
O |
92D |
CONV |
Rate |
:4!c//15d/15d | 29 |
|
M |
16S |
FIDETL | 30 |
|||
-----| End of Subsequence B1 Details of Financial Instrument |
||||||
M |
16S |
DRDETL | 31 |
|||
End of Sequence B Depositary Receipt Details |
||||||
-----> Optional Repetitive Sequence C Pre-Release Details |
||||||
M |
16R |
PREDET | 32 |
|||
O |
35B |
[ISIN1!e12!c] | 33 |
|||
Optional Subsequence C1 Financial Instrument Attributes |
||||||
M |
16R |
FIA | 34 |
|||
O |
94B |
PLIS |
Place |
:4!c/[8c]/4!c[/30x] | 35 |
|
O |
12a |
4!c |
Type of Financial Instrument |
A, B, or C | 36 |
|
O |
11A |
DENO |
Currency |
:4!c//3!a | 37 |
|
-----> |
||||||
O |
98A |
4!c |
Date/Time |
:4!c//8!n | 38 |
|
-----| |
||||||
-----> |
||||||
O |
92A |
4!c |
Rate |
:4!c//[N]15d | 39 |
|
-----| |
||||||
-----> |
||||||
O |
36B |
4!c |
Quantity of Financial Instrument |
:4!c//4!c/15d | 40 |
|
-----| |
||||||
M |
16S |
FIA | 41 |
|||
End of Subsequence C1 Financial Instrument Attributes |
||||||
O |
36B |
PREQ |
Quantity of Financial Instrument |
:4!c//4!c/15d | 42 |
|
O |
70E |
PREL |
Narrative |
:4!c//10*35x | 43 |
|
-----> Optional Repetitive Subsequence C2 Pre-Release Amounts |
||||||
M |
16R |
AMT | 44 |
|||
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 45 |
|
-----| |
||||||
O |
92B |
EXCH |
Rate |
:4!c//3!a/3!a/15d | 46 |
|
M |
16S |
AMT | 47 |
|||
-----| End of Subsequence C2 Pre-Release Amounts |
||||||
M |
16S |
PREDET | 48 |
|||
-----| End of Sequence C Pre-Release Details |
||||||
-----> Mandatory Repetitive Sequence D Depositary Receipt Parties |
||||||
M |
16R |
DRPRTY | 49 |
|||
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, R, or S | 50 |
|
-----| |
||||||
O |
97A |
SAFE |
Account |
:4!c//35x | 51 |
|
O |
70E |
PACO |
Narrative |
:4!c//10*35x | 52 |
|
M |
16S |
DRPRTY | 53 |
|||
-----| End of Sequence D Depositary Receipt Parties |
||||||
-----> Optional Repetitive Sequence E Cash Movements |
||||||
M |
16R |
CASHMOVE | 54 |
|||
M |
22H |
CRDB |
Indicator |
:4!c//4!c | 55 |
|
-----> Optional Repetitive Subsequence E1 Cash Parties |
||||||
M |
16R |
CSHPRTY | 56 |
|||
-----> |
||||||
O |
95a |
4!c |
Party |
P, Q, R, or S | 57 |
|
-----| |
||||||
O |
97A |
4!c |
Account |
:4!c//35x | 58 |
|
-----> |
||||||
O |
70E |
PACO |
Narrative |
:4!c//10*35x | 59 |
|
-----| |
||||||
M |
16S |
CSHPRTY | 60 |
|||
-----| End of Subsequence E1 Cash Parties |
||||||
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 61 |
|
-----| |
||||||
-----> |
||||||
O |
98a |
4!c |
Date/Time |
A or C | 62 |
|
-----| |
||||||
O |
92B |
EXCH |
Rate |
:4!c//3!a/3!a/15d | 63 |
|
M |
16S |
CASHMOVE | 64 |
|||
-----| End of Sequence E Cash Movements |
||||||
Optional Sequence F Additional Information |
||||||
M |
16R |
ADDINFO | 65 |
|||
-----> |
||||||
O |
70E |
4!c |
Narrative |
:4!c//10*35x | 66 |
|
-----| |
||||||
-----> |
||||||
O |
95a |
4!c |
Party |
P, Q, or R | 67 |
|
-----| |
||||||
M |
16S |
ADDINFO | 68 |
|||
End of Sequence F Additional Information |
||||||
C1 If the depositary receipt type (field :22H::DERE) specifies a program conversion, Conversion To (field :22F::CNVT) and Conversion From (field :22F::CNVF) must be specified and the type of financial instrument (field 12a) must not be present.
If the depositary receipt type (field 22H::DERE) does not specify a program conversion, the type of financial instrument (field 12a) must be present.
These checks apply to sequence A.
Sequence A if in field :22H::DERE Indicator is ... |
Sequence A then field :22F::CNVT is ... |
Sequence A then field :22F::CNVF is ... |
Sequence A then field 12a is ... |
|---|---|---|---|
CONV |
Mandatory |
Mandatory |
Not allowed |
Not equal to CONV |
Optional |
Optional |
Mandatory |
C2 If an exchange rate is present (field :92B::EXCH), the corresponding resulting amount (field :19A::RESU) must be present in the same (sub)sequence. If the exchange rate is not present, the resulting amount is not allowed.
These checks apply to (sub)sequences C2 and E.
Subsequence C2 if field :92B::EXCH is ... |
Subsequence C2 then field :19A::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
Sequence E if field :92B::EXCH is ... |
Sequence E then field :19A::RESU is ... |
|---|---|
Present |
Mandatory |
Not present |
Not allowed |
C3 If the pre-release flag (field :17B::PRER) is set, sequence C Pre-Release Details must also be present. If the pre-release flag is not set, sequence C Pre-Release Details must not be present.
Sequence A if field :17B::PRER is ... |
Then sequence C is ... |
|---|---|
Y |
Mandatory |
N |
Not allowed |
C4 In sequence B, it is mandatory to provide an Issue Date/Time (:98a::ISSU) OR a Release Date/Time (:98a::RELD). Both dates may be provided:
Sequence B if field :98a::ISSU is ... |
Sequence B then field :98a::RELD is ... |
|---|---|
Present |
Optional |
Not present |
Mandatory |
C5 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 |
This message must not be used as a confirmation concerning a corporate action event related to a depositary receipt. The MT 566 Corporate Action Confirmation is to be used for this purpose.
When the MT 588 is sent to reverse a previously sent confirmation, field 23G must contain the function to reverse, the linkage subsequence must contain the reference of the confirmation which is being reversed, and the rest of the message must contain details of the reversal.