MT542: (44) Field 97a: Account

FORMAT

Option A :4!c//35x (Qualifier)(Account Number)
Option B :4!c/[8c]/4!c/35x (Qualifier)(Data Source Scheme)(Account Type Code)(Account Number)

PRESENCE

Mandatory in mandatory sequence C

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

SAFE

N

 

A or B

Safekeeping Account

2

O

CASH

N

 

A

Cash Account

3

O

REGI

N

 

A or B

Registrar Account

DEFINITION

This qualified generic field specifies:

CASH

Cash Account

Account in which cash is maintained.

REGI

Registrar Account

Account at the registrar where financial instruments are registered.

SAFE

Safekeeping Account

Account where financial instruments are maintained.

In option B, Account Type Code specifies the type of account needed to fully identify the account.

CODES

In option B, if Data Source Scheme is not present, Account Type Code must contain one of the following codes :

ABRD

Abroad

Financial instruments are held in a safekeeping account abroad.

CEND

Centralised

Financial instrument in the safekeeping account are held in one location.

DVPA

Cash/DVP

Safekeeping account is used for settlement on delivery or collect on delivery basis.

FUNG

Fungibility

Financial instruments in the safekeeping account are fungible.

MARG

Margin

Account is used when financing is by the broker/dealer.

NFUN

No Fungibility

Financial instruments in the safekeeping account are not fungible.

PHYS

Physical

Financial instruments in the safekeeping account are in physical form.

SHOR

Short Sale

Account is used for short sale orders.