This message is sent by the fund manager to the custodian just before value date, to inform which deals done on behalf of a third party are to be settled gross and which ones netted.
The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians' treasury area on behalf of the fund manager.
It is also used to cancel a previously sent message.
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
Mandatory Sequence A General Information |
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| M | 16R | Start of Block | GENL | 1 | ||
| M | 20C | SEME | Reference | Sender's Reference | :4!c//16x | 2 |
| M | 23G | Function of the Message | 4!c[/4!c] | 3 | ||
-----> Optional Repetitive Subsequence A1 Linkages |
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| M | 16R | Start of Block | LINK | 4 | ||
| O | 13a | LINK | Number Identification | Linked Message | A or B | 5 |
| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 6 |
| M | 16S | End of Block | LINK | 7 | ||
-----| End of Subsequence A1 Linkages |
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| M | 16S | End of Block | GENL | 8 | ||
End of Sequence A General Information |
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-----> Mandatory Repetitive Sequence B FX Details |
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| M | 16R | Start of Block | FXDET | 9 | ||
| M | 98A | VALU | Date | Value Date | :4!c//8!n | 10 |
Mandatory Subsequence B1 FX Parties 1 |
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| M | 16R | Start of Block | FXPRTY1 | 11 | ||
| M | 95a | FXCO | Party | FX Counterparty | P, Q, or R | 12 |
| M | 16S | End of Block | FXPRTY1 | 13 | ||
End of Subsequence B1 FX Parties 1 |
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Mandatory Subsequence B2 FX Parties 2 |
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| M | 16R | Start of Block | FXPRTY2 | 14 | ||
| O | 95a | INVE | Party | Investor | P, Q, or R | 15 |
| M | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 16 |
| M | 16S | End of Block | FXPRTY2 | 17 | ||
End of Subsequence B2 FX Parties 2 |
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Optional Subsequence B3 Gross Settlement |
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| M | 16R | Start of Block | GROSS | 18 | ||
-----> Optional Repetitive Subsequence B3a Linkages |
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| M | 16R | Start of Block | LINK | 19 | ||
| O | 13a | LINK | Number Identification | Linked Message | A or B | 20 |
| M | 20C | PREV | Reference | Previous Reference | :4!c//16x | 21 |
| M | 16S | End of Block | LINK | 22 | ||
-----| End of Subsequence B3a Linkages |
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| M | 16S | End of Block | GROSS | 23 | ||
End of Subsequence B3 Gross Settlement |
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-----> Optional Repetitive Subsequence B4 Net Settlement |
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| M | 16R | Start of Block | NET | 24 | ||
-----> Optional Repetitive Subsequence B4a Linkages |
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| M | 16R | Start of Block | LINK | 25 | ||
| O | 13a | LINK | Number Identification | Linked Message | A or B | 26 |
| M | 20C | PREV | Reference | Previous Reference | :4!c//16x | 27 |
| M | 16S | End of Block | LINK | 28 | ||
-----| End of Subsequence B4a Linkages |
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| M | 22H | GALO | Indicator | Gain/Loss Indicator | :4!c//4!c | 29 |
| M | 19B | ANTO | Amount | Net Gain/Loss Amount | :4!c//3!a15d | 30 |
-----> Optional Repetitive Subsequence B4b Settlement Party |
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| M | 16R | Start of Block | SETPRTY | 31 | ||
| M | 95a | 4!c | Party | (see qualifier description) | P, Q, or R | 32 |
| O | 97A | CASH | Account | Cash Account | :4!c//35x | 33 |
| O | 70C | PACO | Narrative | Party Contact Narrative | :4!c//4*35x | 34 |
| M | 16S | End of Block | SETPRTY | 35 | ||
-----| End of Subsequence B4b Settlement Party |
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| M | 16S | End of Block | NET | 36 | ||
-----| End of Subsequence B4 Net Settlement |
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| M | 16S | End of Block | FXDET | 37 | ||
-----| End of Sequence B FX Details |
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C1. In each occurrence of sequence B, either sequence B3 Gross Settlement or sequence B4 Net Settlement must be present, but not both :
C2. In each occurrence of sequence B4, the following fields cannot appear more than once :
Subsequence B4b |
:95a::CDEA |
:95a::INTE |
:95a::ACCW |
:95a::BENM |