| Option C | :4!c//16x | (Qualifier)(Reference) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
M |
POOL |
N |
|
C |
Pool Reference |
|
or |
PREA |
N |
|
C |
Preadvice Message Reference |
|
or |
PREV |
N |
C9 |
C |
Previous Message Reference |
|
or |
RELA |
N |
|
C |
Related Message Reference |
|
or |
TRRF |
N |
|
C |
Deal Reference |
|
or |
COMM |
N |
|
C |
Common Reference |
|
or |
COLR |
N |
|
C |
Collateral Reference |
|
or |
CERT |
N |
|
C |
Certification Reference |
This qualified generic field specifies:
CERT |
Certification Reference |
Reference assigned to a deposit. |
COLR |
Collateral Reference |
Reference assigned to a collateral transaction linked to the settlement transaction. |
COMM |
Common Reference |
Unique reference agreed upon by the two trade counterparties to identify the trade. |
POOL |
Pool Reference |
Collective reference identifying a set of messages. |
PREA |
Preadvice Message Reference |
Message reference of the preadvice (:23G:PREA) previously sent. |
PREV |
Previous Message Reference |
Message reference of the linked message which was previously sent. |
RELA |
Related Message Reference |
Message reference of the linked message which was previously received. |
TRRF |
Deal Reference |
Reference assigned to the trade by the Investment Manager OR the Broker/Dealer. This reference will be used throughout the trade life cycle to access/update the trade details. |
Reference must not start or end with a slash '/' and not contain two consecutive slashes '//' .
Linkages:
A global market practice for the use of the linkage sequence and references exists for various business scenarios such as cancellations, settlement confirmation but also more complex processes like pair-off, back-to-back, ETC.
Block trade:
The use of pool reference is mandatory for block trades to link parent and children instructions.
Sell/buy - buy/sell back settlement:
The closing leg must be linked to the opening leg using the message reference of the opening leg in the linkage subsequence A1 field 20C::PREV.
Securities lending and borrowing settlement:
The borrowing/lending closing leg must be linked to the borrowing/opening leg.
For more details, see the relevant market practice document on www.smpg.info