This message is sent by a depositary bank or its authorised representative to an instructing party, eg, a broker-dealer. It may also be sent by a custodian to an owner of a depositary receipt.
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 | Start of Block | GENL | 1 | ||
| M | 20C | SEME | Reference | Sender's Message Reference | :4!c//16x | 2 |
| M | 23G | Function of the Message | 4!c[/4!c] | 3 | ||
-----> |
||||||
| M | 22a | 4!c | Indicator | (see qualifier description) | F or H | 4 |
-----| |
||||||
| O | 12a | 4!c | Type of Financial Instrument | (see qualifier description) | A, B, or C | 5 |
| O | 98a | PREP | Date/Time | Preparation Date/Time | A or C | 6 |
| M | 17B | PRER | Flag | Pre-Release Flag | :4!c//1!a | 7 |
-----> Optional Repetitive Subsequence A1 Linkages |
||||||
| M | 16R | Start of Block | LINK | 8 | ||
| O | 22F | LINK | Indicator | Linkage Type Indicator | :4!c/[8c]/4!c | 9 |
| O | 13a | LINK | Number Identification | Linked Message | A or B | 10 |
| M | 20C | 4!c | Reference | (see qualifier description) | :4!c//16x | 11 |
| M | 16S | End of Block | LINK | 12 | ||
-----| End of Subsequence A1 Linkages |
||||||
| M | 16S | End of Block | GENL | 13 | ||
End of Sequence A General Information |
||||||
Mandatory Sequence B Depositary Receipt Details |
||||||
| M | 16R | Start of Block | DRDETL | 14 | ||
| O | 95a | ACOW | Party | Account Owner | P or R | 15 |
| O | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 16 |
-----> |
||||||
| M | 98a | 4!c | Date/Time | (see qualifier description) | A or C | 17 |
-----| |
||||||
-----> Mandatory Repetitive Subsequence B1 Details of Financial Instrument |
||||||
| M | 16R | Start of Block | FIDETL | 18 | ||
| M | 35B | Identification of the Financial Instrument | [ISIN1!e12!c] [4*35x] |
19 | ||
Optional Subsequence B1a Financial Instrument Attributes |
||||||
| M | 16R | Start of Block | FIA | 20 | ||
| O | 94B | PLIS | Place | Place of Listing | :4!c/[8c]/4!c[/30x] | 21 |
| O | 12a | 4!c | Type of Financial Instrument | (see qualifier description) | A, B, or C | 22 |
| O | 11A | DENO | Currency | Currency of Denomination | :4!c//3!a | 23 |
-----> |
||||||
| O | 98A | 4!c | Date/Time | (see qualifier description) | :4!c//8!n | 24 |
-----| |
||||||
-----> |
||||||
| O | 92A | 4!c | Rate | (see qualifier description) | :4!c//[N]15d | 25 |
-----| |
||||||
-----> |
||||||
| O | 36B | 4!c | Quantity of Financial Instrument | (see qualifier description) | :4!c//4!c/15d | 26 |
-----| |
||||||
| M | 16S | End of Block | FIA | 27 | ||
End of Subsequence B1a Financial Instrument Attributes |
||||||
| O | 36B | QSEC | Quantity of Financial Instrument | Quantity of Securities | :4!c//4!c/15d | 28 |
| O | 92D | CONV | Rate | Conversion Ratio | :4!c//15d/15d | 29 |
| M | 16S | End of Block | FIDETL | 30 | ||
-----| End of Subsequence B1 Details of Financial Instrument |
||||||
| M | 16S | End of Block | DRDETL | 31 | ||
End of Sequence B Depositary Receipt Details |
||||||
-----> Optional Repetitive Sequence C Pre-Release Details |
||||||
| M | 16R | Start of Block | PREDET | 32 | ||
| O | 35B | Identification of the Financial Instrument | [ISIN1!e12!c] [4*35x] |
33 | ||
Optional Subsequence C1 Financial Instrument Attributes |
||||||
| M | 16R | Start of Block | FIA | 34 | ||
| O | 94B | PLIS | Place | Place of Listing | :4!c/[8c]/4!c[/30x] | 35 |
| O | 12a | 4!c | Type of Financial Instrument | (see qualifier description) | A, B, or C | 36 |
| O | 11A | DENO | Currency | Currency of Denomination | :4!c//3!a | 37 |
-----> |
||||||
| O | 98A | 4!c | Date/Time | (see qualifier description) | :4!c//8!n | 38 |
-----| |
||||||
-----> |
||||||
| O | 92A | 4!c | Rate | (see qualifier description) | :4!c//[N]15d | 39 |
-----| |
||||||
-----> |
||||||
| O | 36B | 4!c | Quantity of Financial Instrument | (see qualifier description) | :4!c//4!c/15d | 40 |
-----| |
||||||
| M | 16S | End of Block | FIA | 41 | ||
End of Subsequence C1 Financial Instrument Attributes |
||||||
| O | 36B | PREQ | Quantity of Financial Instrument | Pre-Release Quantity | :4!c//4!c/15d | 42 |
| O | 70E | PREL | Narrative | Pre-Release Narrative | :4!c//10*35x | 43 |
-----> Optional Repetitive Subsequence C2 Pre-Release Amounts |
||||||
| M | 16R | Start of Block | AMT | 44 | ||
-----> |
||||||
| M | 19A | 4!c | Amount | (see qualifier description) | :4!c//[N]3!a15d | 45 |
-----| |
||||||
| O | 92B | EXCH | Rate | Exchange Rate | :4!c//3!a/3!a/15d | 46 |
| M | 16S | End of Block | AMT | 47 | ||
-----| End of Subsequence C2 Pre-Release Amounts |
||||||
| M | 16S | End of Block | PREDET | 48 | ||
-----| End of Sequence C Pre-Release Details |
||||||
-----> Mandatory Repetitive Sequence D Depositary Receipt Parties |
||||||
| M | 16R | Start of Block | DRPRTY | 49 | ||
-----> |
||||||
| M | 95a | 4!c | Party | (see qualifier description) | P, Q, R, or S | 50 |
-----| |
||||||
| O | 97A | SAFE | Account | Safekeeping Account | :4!c//35x | 51 |
| O | 70E | PACO | Narrative | Party Narrative | :4!c//10*35x | 52 |
| M | 16S | End of Block | DRPRTY | 53 | ||
-----| End of Sequence D Depositary Receipt Parties |
||||||
-----> Optional Repetitive Sequence E Cash Movements |
||||||
| M | 16R | Start of Block | CASHMOVE | 54 | ||
| M | 22H | CRDB | Indicator | Credit/Debit Indicator | :4!c//4!c | 55 |
-----> Optional Repetitive Subsequence E1 Cash Parties |
||||||
| M | 16R | Start of Block | CSHPRTY | 56 | ||
-----> |
||||||
| O | 95a | 4!c | Party | (see qualifier description) | P, Q, R, or S | 57 |
-----| |
||||||
| O | 97A | 4!c | Account | (see qualifier description) | :4!c//35x | 58 |
-----> |
||||||
| O | 70E | PACO | Narrative | Party Narrative | :4!c//10*35x | 59 |
-----| |
||||||
| M | 16S | End of Block | CSHPRTY | 60 | ||
-----| End of Subsequence E1 Cash Parties |
||||||
-----> |
||||||
| M | 19A | 4!c | Amount | (see qualifier description) | :4!c//[N]3!a15d | 61 |
-----| |
||||||
-----> |
||||||
| O | 98a | 4!c | Date/Time | (see qualifier description) | A or C | 62 |
-----| |
||||||
| O | 92B | EXCH | Rate | Exchange Rate | :4!c//3!a/3!a/15d | 63 |
| M | 16S | End of Block | CASHMOVE | 64 | ||
-----| End of Sequence E Cash Movements |
||||||
Optional Sequence F Additional Information |
||||||
| M | 16R | Start of Block | ADDINFO | 65 | ||
-----> |
||||||
| O | 70E | 4!c | Narrative | (see qualifier description) | :4!c//10*35x | 66 |
-----| |
||||||
-----> |
||||||
| O | 95a | 4!c | Party | (see qualifier description) | P, Q, or R | 67 |
-----| |
||||||
| M | 16S | End of Block | 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 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. The following date/time fields cannot appear more than once in sequence B :
Sequence B
:98a::ISSU
:98a::RELD
C5. If the message is a reversal, ie, 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 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 ... |
REVR |
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 |
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.