MT546 Format Specifications

MT546 Network Validated Rules

• C1. The following amount fields cannot appear in more than one occurrence of the subsequence E3 Amounts :

  Subsequence E3

  :19A::ACRU

  :19A::ANTO

  :19A::BOOK

  :19A::CHAR

  :19A::COUN

  :19A::DEAL

  :19A::EUTR

  :19A::EXEC

  :19A::ESTT

  :19A::ISDI

  :19A::LEVY

  :19A::LOCL

  :19A::LOCO

  :19A::MARG

  :19A::OTHR

  :19A::POST

  :19A::REGF

  :19A::SHIP

  :19A::SPCN

  :19A::STAM

  :19A::STEX

  :19A::TRAN

  :19A::TRAX

  :19A::VATA

  :19A::WITH

  :19A::COAX

  :19A::ACCA

• C2. If sequence C Financial Instrument/Account is present only once, the Settled Amount (field :19A::ESTT) must not be present in sequence C .

• C3. If sequence C is present two or more times, the Settled Amount (field :19A::ESTT) must be present in every occurrence of sequence C or in none .

  In the former case (when sequence C is present two or more times and the Settled Amount (field :19A::ESTT) is present in every occurrence of sequence C) then:

  • the Settled Amount (field :19A::ESTT) must be present in one occurrence of subsequence E3 and

  • the sum of all occurrences of the Settled Amount (field :19A::ESTT) in sequence C must be equal to the Settled Amount (field :19A::ESTT) in subsequence E3 and

  • the currency code in the Settled Amount (fields 19A::ESTT in (sub)sequences C and E3) must be the same for all occurrences of these fields in the message.

• C4. In subsequence C3, 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 .

  Subsequence E3 if field :92B::EXCH is ...	Subsequence E3 then field :19A::RESU is ...
  Present	Mandatory
  Not present	Not allowed

• C5. The following party fields cannot appear more than once in a message :

  Subsequence E1	Subsequence E2	Sequence F
  :95a::BUYR	:95a::ACCW	:95a::EXCH
  :95a::DEAG	:95a::BENM	:95a::MEOR
  :95a::DECU	:95a::PAYE	:95a::MERE
  :95a::DEI1		:95a::TRRE
  :95a::DEI2		:95a::VEND
  :95a::PSET		:95a::TRAG
  :95a::REAG
  :95a::RECU
  :95a::REI1
  :95a::REI2
  :95a::SELL

• C6. If field :22F::DBNM is NOT present in sequence E, then it is mandatory to specify a receiving agent and a place of settlement: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::REAG and another one must contain party field :95a::PSET .

• C7. If a qualifier from the list Deliverers is present in a subsequence E1, 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 sequence E, the following scenarios must be validated:

  • If :95a::DEI2 is present in subseq E1, then :95a::DEI1 must be present in another subseq E1.

  • If :95a::DEI1 is present in subseq E1, then :95a::DECU must be present in another subseq E1.

  • If :95a::DECU is present in subseq E1, then :95a::SELL must be present in another subseq E1.

  If a qualifier from the list Receivers is present in a subsequence E1, 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 sequence E, the following scenarios must be validated:

  • If :95a::REI2 is present in subseq E1, then :95a::REI1 must be present in another subseq E1.

  • If :95a::REI1 is present in subseq E1, then :95a::RECU must be present in another subseq E1.

  • If :95a::RECU is present in subseq E1, then :95a::BUYR must be present in another subseq E1.

  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 or a reversal, ie, Function of the Message (field 23G) is CANC or RVSL, then field :20C::PREV must be present in one and only one occurrence of Subseq. A1; consequently, in all other occurrences of A1, field :20C::PREV is not allowed .

  Sequence A if field :23G: is ...	then field :20C::PREV is ...
  CANC or RVSL	Mandatory in one occurrence of subseq. A1, and not allowed in all other occurrences of subseq. A1
  NEWM	Not Applicable

• C9. In subsequence E1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence .

  Subsequence E1 if field :95a::PSET is ...	Subsequence E1 then field :97a::SAFE is ...
  Present	Not allowed within the same occurrence
  Not present	Optional

• C10. A reference to the previously received message must be specified, i.e. field 20C::RELA must be present in one and only one occurrence of subsequence A1 Linkages; field 20C::RELA is not allowed in all other occurrences of subsequence A1 .

• C11. In each occurrence of sequence C, field :36B::ESTT 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 C if field :36B::ESTT is ...	Then one occurrence of :36B::ESTT must be ...	And the other occurrence of :36B::ESTT must be ...
  Repeated	:36B::ESTT//FAMT	:36B::ESTT//AMOR
  Not Repeated	Not Applicable	Not Applicable

MT546 Usage Rules

• The message may also be used to:

  • re-send a message (be it a confirmation, cancellation or reversal of a confirmation) sent by the account servicer to the account owner (the sub-function of the message is DUPL)

  • provide a third party with a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is COPY)

  • re-send a third party a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is CODU).

• When the message is used as a cancellation, the Linkage sequence must contain the reference of the original confirmation.