This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.
This message is used to provide the custodian with instructions on how the account owner wishes to proceed with a corporate action event. Instructions include investment decisions regarding the exercise of rights issues, the election of stock or cash when the option is available, and decisions on the conversion or tendering of securities.
request the cancellation of a previously sent corporate action instruction
re-send a corporate action instruction previously sent
provide a third party with a copy of the 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 | ||
-----> |
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| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 2 |
-----| |
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| M | 23G | Function of the Message | 4!c[/4!c] | 3 | ||
| M | 22F | CAEV | Indicator | Corporate Action Event Indicator | :4!c/[8c]/4!c | 4 |
| O | 98a | PREP | Date/Time | Preparation Date | A or C | 5 |
-----> Optional Repetitive Subsequence A1 Linkages |
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| M | 16R | Start of Block | LINK | 6 | ||
| O | 22F | LINK | Indicator | Linkage Type Indicator | :4!c/[8c]/4!c | 7 |
| O | 13a | LINK | Number Identification | Linked Message | A or B | 8 |
| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 9 |
| M | 16S | End of Block | LINK | 10 | ||
-----| End of Subsequence A1 Linkages |
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| M | 16S | End of Block | GENL | 11 | ||
End of Sequence A General Information |
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Mandatory Sequence B Underlying Securities |
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| M | 16R | Start of Block | USECU | 12 | ||
| O | 35B | Identification of the Financial Instrument | [ISIN1!e12!c] [4*35x] |
13 | ||
Optional Subsequence B1 Financial Instrument Attributes |
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| M | 16R | Start of Block | FIA | 14 | ||
| O | 94B | PLIS | Place | Place of Listing | :4!c/[8c]/4!c[/30x] | 15 |
| O | 22F | MICO | Indicator | Method of Interest Computation Indicator | :4!c/[8c]/4!c | 16 |
| O | 12a | CLAS | Type of Financial Instrument | Classification Type | A or C | 17 |
| O | 11A | DENO | Currency | Currency of Denomination | :4!c//3!a | 18 |
-----> |
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| O | 98A | 4!c | Date/Time | (see qualifier description) | :4!c//8!n | 19 |
-----| |
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-----> |
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| O | 92A | 4!c | Rate | (see qualifier description) | :4!c//[N]15d | 20 |
-----| |
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-----> |
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| O | 36B | 4!c | Quantity of Financial Instrument | (see qualifier description) | :4!c//4!c/15d | 21 |
-----| |
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| M | 16S | End of Block | FIA | 22 | ||
End of Subsequence B1 Financial Instrument Attributes |
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-----> Mandatory Repetitive Subsequence B2 Account Information |
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| M | 16R | Start of Block | ACCTINFO | 23 | ||
| O | 95a | ACOW | Party | Account Owner | P or R | 24 |
| M | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 25 |
| O | 94a | SAFE | Place | Place of Safekeeping | B, C, or F | 26 |
-----> |
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| O | 93a | 4!c | Balance | (see qualifier description) | B or C | 27 |
-----| |
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| M | 16S | End of Block | ACCTINFO | 28 | ||
-----| End of Subsequence B2 Account Information |
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| M | 16S | End of Block | USECU | 29 | ||
End of Sequence B Underlying Securities |
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-----> Optional Repetitive Sequence C Beneficial Owner Details |
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| M | 16R | Start of Block | BENODET | 30 | ||
-----> |
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| M | 95a | 4!c | Party | (see qualifier description) | P, R, S, or V | 31 |
-----| |
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-----> |
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| O | 94C | 4!c | Place | (see qualifier description) | :4!c//2!a | 32 |
-----| |
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| M | 36B | OWND | Quantity of Financial Instrument | Quantity of Securities Owned | :4!c//4!c/15d | 33 |
| O | 70E | DECL | Narrative | Declaration Details | :4!c//10*35x | 34 |
| M | 16S | End of Block | BENODET | 35 | ||
-----| End of Sequence C Beneficial Owner Details |
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Mandatory Sequence D Corporate Action Instruction |
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| M | 16R | Start of Block | CAINST | 36 | ||
| M | 13A | CAON | Number Identification | CA Option Number | :4!c//3!c | 37 |
-----> |
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| M | 22a | 4!c | Indicator | (see qualifier description) | F or H | 38 |
-----| |
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-----> |
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| O | 11A | 4!c | Currency | (see qualifier description) | :4!c//3!a | 39 |
-----| |
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| O | 35B | Identification of the Financial Instrument | [ISIN1!e12!c] [4*35x] |
40 | ||
-----> |
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| M | 36a | 4!c | Quantity of Financial Instrument | (see qualifier description) | B or C | 41 |
-----| |
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| O | 98a | EXRQ | Date/Time | Execution Requested Date/Time | A or C | 42 |
-----> |
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| O | 92a | 4!c | Rate | (see qualifier description) | A or F | 43 |
-----| |
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-----> |
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| O | 90a | 4!c | Price | (see qualifier description) | A, B, E, F, or J | 44 |
-----| |
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-----> |
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| O | 70E | 4!c | Narrative | (see qualifier description) | :4!c//10*35x | 45 |
-----| |
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| M | 16S | End of Block | CAINST | 46 | ||
End of Sequence D Corporate Action Instruction |
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Optional Sequence E Additional Information |
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| M | 16R | Start of Block | ADDINFO | 47 | ||
-----> |
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| O | 70E | 4!c | Narrative | (see qualifier description) | :4!c//10*35x | 48 |
-----| |
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-----> |
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| O | 95a | 4!c | Party | (see qualifier description) | P, Q, or R | 49 |
-----| |
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| M | 16S | End of Block | ADDINFO | 50 | ||
End of Sequence E Additional Information |
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C1. If the message is a cancellation, ie, 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 in 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 subseq. A1, and not allowed in all other occurrences of subseq. A1 |
NEWM |
Optional |
Not Applicable |
C2. In sequence D, if field :22F::CAOP//SPLI is present, then field :70E::INST is mandatory in the same sequence .
Sequence D if field :22F::CAOP//SPLI is ... if Data Source Scheme is present in field :22F::CAOP//SPLI then the conditional rule does not apply. |
then field :70E::INST is ... |
Present |
Mandatory (i.e. minimum one occurrence) |
Not present |
Optional |
C3. In each occurrence of subsequence B2, field :93B::ELIG 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 .
Subsequence B2 if field :93B::ELIG is ... |
Then one occurrence of :93B::ELIG must be ... |
And the other occurrence of :93B::ELIG must be ... |
Repeated |
:93B::ELIG//FAMT and DSS must not be present |
:93B::ELIG//AMOR and DSS must not be present |
Not Repeated |
Not Applicable |
Not Applicable |
C4. In sequence D, field :36B::QINS or QREC 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 D if field :36B::QINS or QREC is ... |
Then one occurrence of :36B::QINS or QREC must be ... |
And the other occurrence of :36B::QINS or QREC must be ... |
Repeated |
:36B::QINS//FAMT or :36B::QREC//FAMT |
:36B::QINS//AMOR or :36B::QREC//AMOR |
Not Repeated |
Not Applicable |
Not Applicable |
When used with format option C, field 36a qualifiers QINS or QREC cannot be repeated.
Sequence Financial Instrument Attribute (FIA) is intended to provide additional information regarding the terms and conditions of a securities issue. The objective of the sequence FIA is to ensure unambiguous identification of the security by the Receiver. It is recommended that the sequence FIA not be used unless required by a specific corporate action event, pursuant to a bilateral agreement, or when a valid ISIN or security identifier is not available.
the currency required for funding a purchase of securities, eg, the currency to be purchased, is indicated by the settlement currency of the transaction. The currency to be sold to obtain settlement currency is indicated by the qualifier FXIS. Normally, this will be the base currency of the portfolio.
the currency received as proceeds from the sale of securities, eg, the currency to be sold, is indicated within the transaction details. Therefore, the currency to be bought must be indicated by the qualifier FXIB. If proceeds are repatriated, this will be the base currency of the portfolio.
the amount of currency to be bought/sold is equal to the settlement amount of the transaction. Thus the forex instruction must not be used for other transactions; a bulk forex deal must be instructed by other means.
a forex deal to fund the purchase of securities should be executed in time for the currency to be available on the settlement date of the securities transaction. A forex deal to repatriate proceeds after the sale of securities should be executed for the soonest possible value date after settlement of the securities, as permitted by market convention.
a bilateral agreement regarding the use of this field has been established.