MT504: (11) Field 22a: Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)
Option H :4!c//4!c (Qualifier)(Indicator)

PRESENCE

Mandatory in mandatory sequence A

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

COAL

N

 

H

Collateral Action Type Indicator

2

M

COLA

N

C20

F or H

Exposure Type Indicator

DEFINITION

This qualified generic field specifies:

COAL

Collateral Action Type Indicator

Specifies the type of operation performed within the collateral management life cycle.

COLA

Exposure Type Indicator

Specifies the underlying business area/type of trade causing the exposure.

CODES

In option H, if Qualifier is COAL, Indicator must contain one of the following codes :

INIT

Initiation

First call for collateral.

VARI

Variation

Addition of collateral.

CODES

In option F or H, if Qualifier is COLA and Data Source Scheme is not present, Indicator must contain one of the following codes :

COMM

Commodities

Trading of exchanged traded commodities.

CRPR

Cross Product

Combination of various exposure types.

CRSP

Credit Support

Cash lending/borrowing; Letter of Credit; signing of master agreement.

CRTL

Credit Line

Opening of a credit line before trading.

EXTD

Exchange Traded Derivatives

Trading of exchanged traded derivatives in general.

FIXI

Fixed Income

Trading of fixed income instruments.

FORX

Foreign Exchange

FX trading.

LIQU

Liquidity

In support of settlement via an RTGS or other clearing system.

OTCD

OTC Derivatives

OTC Derivatives trading.

PAYM

Cash Settlement

In support of any type of cash settlement.

REPO

Repurchase Agreement

Repo trading.

SBSB

Securities Buy Sell Back

Securities buy sell back trading.

SCRP

Securities Cross Product

Combination of securities related exposure types.

SLOA

Secured Loan

Secured loan.

SLEB

Securities Lending and Borrowing

Securities lending and borrowing.

TCRP

Treasury Cross Product

Combination of treasury related exposure types.

USAGE RULES

For qualifier COAL:

Indicator INIT is normally not used for Repo trading as the initiation of a Repo is done using the relevant Securities Trade Confirmation messages, unless it is practice for the front office traders to agree on the Repo cash amount and the collateral requirements are to be sorted out by the back-office.