MT506 Scope

This message is sent either by the collateral giver, or its collateral manager, to the collateral taker, or its collateral manager, or by the collateral taker, or its collateral manager to the collateral giver, or its collateral manager.

It is used to provide the details of the valuation of both the collateral and the exposure.

This message is also used by the taker or the giver to request the cancellation of a previously sent collateral and exposure statement.

This message must not be used to claim collateral but may be used in support of a claim.

The message may also be used to:

MT506 Format Specifications

StatusTagQualifierGeneric Field NameDetailed Field NameContent/OptionsNo.

Mandatory Sequence A General Information

M 16R     Start of Block GENL 1
M 28E     Page Number/Continuation Indicator 5n/4!c 2

----->

M 20C 4!c Reference (see qualifier description) :4!c//16x 3

-----|

M 23G     Function of the Message 4!c[/4!c] 4

-----> Mandatory Repetitive Subsequence A1 Agreement

M 16R     Start of Block AGRE 5
O 22F AGRE Indicator Agreement Indicator :4!c/[8c]/4!c 6
O 98A AGRE Date Agreement Date :4!c//8!n 7
O 13B AGRE Number Agreement Version Number :4!c/[8c]/30x 8
O 70C AGRE Narrative Agreement Narrative :4!c//4*35x 9
M 16S     End of Block AGRE 10

-----| End of Subsequence A1 Agreement

O 98a PREP Date/Time Preparation Date/Time A or C 11
M 22a COLA Indicator Exposure Type Indicator F or H 12

----->

M 95a 4!c Party (see qualifier description) P, Q, or R 13

-----|

O 70C PACO Narrative Party Narrative :4!c//4*35x 14

-----> Optional Repetitive Subsequence A2 Linkages

M 16R     Start of Block LINK 15
O 13a LINK Number Identification Linked Message A or B 16
M 20C 4!c Reference (see qualifier description) :4!c//16x 17
M 16S     End of Block LINK 18

-----| End of Subsequence A2 Linkages

M 16S     End of Block GENL 19

End of Sequence A General Information

Mandatory Sequence B Summary

M 16R     Start of Block SUMM 20
M 95a EXPP Party Exposed Party P, Q, or R 21

----->

M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 22

-----|

----->

M 98a 4!c Date/Time (see qualifier description) A or C 23

-----|

Optional Subsequence B1 Summary Details

M 16R     Start of Block SUMD 24

----->

O 19B 4!c Amount (see qualifier description) :4!c//3!a15d 25

-----|

M 16S     End of Block SUMD 26

End of Subsequence B1 Summary Details

M 16S     End of Block SUMM 27

End of Sequence B Summary

-----> Mandatory Repetitive Sequence C Exposure Valuation Details

M 16R     Start of Block EXPD 28

----->

O 20C 4!c Reference (see qualifier description) :4!c//16x 29

-----|

M 22a COLA Indicator Exposure Type Indicator F or H 30
O 98A TRAD Date Trade Date :4!c//8!n 31

----->

O 95a 4!c Party (see qualifier description) P, Q, or R 32

-----|

----->

M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 33

-----|

O 99A DAAC Number Count Number of Days Accrued :4!c//[N]3!n 34
O 22F MICO Indicator Method of Interest Computation Indicator :4!c/[8c]/4!c 35

----->

M 92a 4!c Rate (see qualifier description) A or B 36

-----|

Optional Subsequence C1 Securities Valuation Details

M 16R     Start of Block SECS 37
M 19B MRKT Amount Market Price Amount :4!c//3!a15d 38
M 35B     Identification of the Financial Instrument [ISIN1!e12!c]
[4*35x]
39
M 36B SECV Quantity of Financial Instrument Quantity of Securities Valued :4!c//4!c/15d 40
M 92A SHAI Rate Securities Haircut :4!c//[N]15d 41
M 16S     End of Block SECS 42

End of Subsequence C1 Securities Valuation Details

Optional Subsequence C2 Treasury Valuation Details

M 16R     Start of Block TREA 43

----->

M 98A 4!c Date (see qualifier description) :4!c//8!n 44

-----|

----->

O 19B 4!c Amount (see qualifier description) :4!c//3!a15d 45

-----|

O 70C COMI Narrative Commodity Index Narrative :4!c//4*35x 46
O 12B OPTI Type of Financial Instrument Option Type :4!c/[8c]/4!c 47
M 16S     End of Block TREA 48

End of Subsequence C2 Treasury Valuation Details

Optional Subsequence C3 Repo Valuation Details

M 16R     Start of Block REPV 49

----->

M 98A 4!c Date (see qualifier description) :4!c//8!n 50

-----|

----->

M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 51

-----|

M 92A REPO Rate Repurchase Rate :4!c//[N]15d 52
M 16S     End of Block REPV 53

End of Subsequence C3 Repo Valuation Details

M 16S     End of Block EXPD 54

-----| End of Sequence C Exposure Valuation Details

-----> Mandatory Repetitive Sequence D Collateral Details

M 16R     Start of Block COLD 55
M 20C COLR Reference Collateral Reference :4!c//16x 56
M 22H COLL Indicator Collateral Type Indicator :4!c//4!c 57
O 25D SETT Status Settlement Status :4!c/[8c]/4!c 58

----->

M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 59

-----|

O 99A DAAC Number Count Number of Days Accrued :4!c//[N]3!n 60
O 22F MICO Indicator Method of Interest Computation Indicator :4!c/[8c]/4!c 61

----->

M 92a 4!c Rate (see qualifier description) A or B 62

-----|

Optional Subsequence D1 Securities Collateral Details

M 16R     Start of Block SCOL 63
M 19B MRKT Amount Market Price Amount :4!c//3!a15d 64
M 35B     Identification of the Financial Instrument [ISIN1!e12!c]
[4*35x]
65
M 36B COLL Quantity of Financial Instrument Quantity of Securities Collateral :4!c//4!c/15d 66
M 92A SHAI Rate Securities Haircut :4!c//[N]15d 67
O 98A EXPI Date Expiry Date :4!c//8!n 68

----->

O 94B 4!c Place (see qualifier description) :4!c/[8c]/4!c[/30x] 69

-----|

O 70C RATS Narrative Rating Narrative :4!c//4*35x 70
M 16S     End of Block SCOL 71

End of Subsequence D1 Securities Collateral Details

Optional Subsequence D2 Cash Collateral Details

M 16R     Start of Block CCOL 72
M 19B DEPO Amount Deposit Amount :4!c//3!a15d 73
M 22H DEPO Indicator Type of Deposit Indicator :4!c//4!c 74
O 98A TERM Date Maturity Date :4!c//8!n 75
M 16S     End of Block CCOL 76

End of Subsequence D2 Cash Collateral Details

Optional Subsequence D3 Other Collateral Details

M 16R     Start of Block BCOL 77
M 22H BCOL Indicator Type of Other Collateral Indicator :4!c//4!c 78

----->

M 98a 4!c Date/Time (see qualifier description) A or B 79

-----|

M 95a ISSU Party Issuer P, Q, or R 80
M 19B 4!c Amount (see qualifier description) :4!c//3!a15d 81
M 16S     End of Block BCOL 82

End of Subsequence D3 Other Collateral Details

M 16S     End of Block COLD 83

-----| End of Sequence D Collateral Details

Optional Sequence E Additional Information

M 16R     Start of Block ADDINFO 84

----->

O 95a 4!c Party (see qualifier description) P, Q, or R 85

-----|

----->

O 19A 4!c Amount (see qualifier description) :4!c//[N]3!a15d 86

-----|

M 16S     End of Block ADDINFO 87

End of Sequence E Additional Information


 

MT506 Network Validated Rules

MT506 Usage Rules

The exchange of information related to the trade itself as well as to the settlement of the collateral is done with the existing confirmation and settlement messages of the relevant categories (categories 2, 3, 5, 7, 9).