MT564: (56) Field 22F: Indicator

QUALIFIER

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	CAOP	N		F	Corporate Action Option Code Indicator
2	O	DISF	N		F	Disposition of Fractions Indicator
3	O	OFFE	R		F	Offer Type Indicator
4	O	OPTF	R		F	Option Features Indicator
5	O	RHDI	N	C12	F	Intermediate Securities Distribution Type Indicator
6	O	OSTA	N		F	Option Status
7	O	NELP	N		F	Non Eligible Proceeds Indicator

DEFINITION

This qualified generic field specifies:

CAOP	Corporate Action Option Code Indicator	Specifies the corporate action options available to the account owner.
DISF	Disposition of Fractions Indicator	Specifies how fractions resulting from derived securities will be processed or how prorated decisions will be rounding, if provided with a pro ration rate.
NELP	Non Eligible Proceeds Indicator	Specifies information regarding outturn resources that cannot be processed by the CSD. Special delivery instruction is required from the account owner for the CA outcome to be credited.
OFFE	Offer Type Indicator	Specifies the conditions that apply to the offer.
OPTF	Option Features Indicator	Specifies the features that may apply to a corporate action option.
OSTA	Option Status	Specifies the status of the option
RHDI	Intermediate Securities Distribution Type Indicator	Specifies the type of intermediates securities distribution.

CODES

If Qualifier is DISF and Data Source Scheme is not present, Indicator must contain one of the following codes :

BUYU	Buy Up	Buy securities up to next whole number.
CINL	Fractional Part for cash	Receive cash in lieu of fractions.
DIST	Distributed	Take distribution of fractions in the form of securities.
RDDN	Round Down	Round down to the nearest whole number.
RDUP	Round Up	Round up to the nearest whole number.
STAN	Standard	If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down.

CODES

If Qualifier is CAOP and Data Source Scheme is not present, Indicator must contain one of the following codes :

144A	Rule 144A	Exchange of securities into the 144A tranche. Will typically be used in the 'restricted period', i.e. the period when a party can change its holdings between 144A and REGS.
ABST	Abstain	Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used.
AMGT	Vote Against Management	Vote against management.
ATCH	Attach	Combine warrants and bonds or warrants and equities to form unit.
BEAR	Bearer Share Exchange	Exchange from registered shares into bearer shares.
BSPL	Bonus Share Plan	Receive equities from the Share Premium Reserve of the company and considered as a capital distribution rather than a disbursement of income with different tax implications (typically found in Australia).
BUYA	Buy Up	Buy additional securities to round up position.
CASE	Cash and Securities	Election choice includes a distribution of both cash and securities to holders.
CASH	Cash	Distribution of cash to holders.
CEXC	Consent and Exchange	Vote to consent to change the terms of the securities agreement and to exchange securities.
CONN	Consent Denied	Vote not to approve the event or proposal.
CONV	Convert	Convert underlying securities into other securities, not cash.
CONY	Consent Granted	Vote to approve the event or proposal.
CTEN	Consent and Tender	Vote to consent to change the terms of the securities agreement and to tender securities for cash.
DETH	Detach	Separate units into individual securities ,eg, warrants from bonds or warrants from equities.
EXER	Exercise	Exercise intermediate securities or warrants.
LAPS	Lapse	Allow event or entitled security to expire.
MNGT	Vote With Management	Vote with management.
MPUT	Retain	An option that allows a holder to elect to retain their holding, eg, a putable bond.
NOAC	No Action	Option for the account owner not to take part in the event.
NOQU	Non Qualified Investor	The account owner is a Non-Qualified Investor.
OFFR	Proposed Rate	In a remarketing of variable notes, the margin that shareholders can propose in respect of the next interest period.
OTHR	Other	Generic corporate action option to be used in case that no other specific code is appropriate.
OVER	Oversubscribe	Subscribe to more equities than underlying securities position allows.
PROX	Proxy Card	Issue a proxy card in case of voting.
QINV	Qualified Investor	The account owner is a Qualified Investor
REGD	Registered Share Exchange	Exchange from bearer shares into registered shares.
REGS	Regulation S Exchange	Exchange of securities into the Regulation S tranche. Will typically be used in the 'restricted period', i.e. the period when a party can change its holdings between 144A and REGS.
SECU	Securities Option	Distribution of securities to holders.
SLLE	Sell Entitlement	Sell the intermediate securities.
SPLI	Split Instruction	Option to give a split instruction, eg, a split voting instruction on a meeting.

CODES

If Qualifier is NELP and Data Source Scheme is not present, Indicator must contain one of the following codes :

NELS	Non Eligible Security	Security not eligible in the CSD
NELC	Non Eligible Currency	Currency not eligible for settlement in the CSD
ACLI	Account Limitation	Participant's account limitation
ONEL	Other Non Eligibility	Other source of non eligibility

CODES

If Qualifier is OFFE and Data Source Scheme is not present, Indicator must contain one of the following codes :

DISS	Dissenter's Rights	The securities' holder has the right to disagree with a mandatory event. This right is not inherent in all offers and therefore must be noted in announcements only when applicable.
ERUN	Restriction Exchange	Exchange of Restricted to Unrestricted (or vice versa).
FCFS	First Come First Served	The securities will be accepted in the order they have been submitted until the target number of quantity sought is reached.
FINL	Final Offer	Final or last offer to holders subject to offer conditions being reached, eg, 50% accepted on a tender.
MINI	Mini-Tender	Tender offer for a security that is priced below the current trading price of that instrument.
PART	Partial Offer	Partial offer.
SQUE	Squeeze Out Bid	Offer launched by a company, in possession of a large number of the shares (90% - 95%) of a company (generally as a result of a tender offer), in order to acquire the remaining shares of that company.

CODES

If Qualifier is OPTF and Data Source Scheme is not present, Indicator must contain one of the following codes :

COND	Conditional	Feature whereby the holder can elect to place a condition on the acceptance of the option.
OPLF	Odd Lot Preference	Tender or Exchange with the Odd Lot Preference.
PROR	Pro Ration	Feature whereby the option can be subject to pro ration in case, eg, of over-subscription.
QOVE	Over and Above	Feature whereby the holder can elect a quantity to receive over and above normal ensured entitlement.
QREC	Quantity to Receive	Feature whereby the holder can elect a quantity to receive.
VVPR	Reduced Withholding Tax	Reduced withholding tax rate applies to the option.

INTV	Inactive	Option is not active and can no longer be responded to. Any responses already processed against this option will remain valid, eg, expired option.
CANC	Cancelled	Option is not valid; it has been cancelled by the market or service provider, and cannot be responded to. Any responses already processed against this option are considered void and new responses will be required.

BIDS	Reverse Rights	Distribution of reverser rights.
BONU	Bonus Rights	Distribution of bonus rights.
DRIP	Dividend Reinvestment Securities	Distribution of dividend reinvestment securities.
DVOP	Dividend Option	Distribution of dividend option.
EXRI	Subscription Rights	Distribution of subscription rights.
PRIO	Open Offer Rights	Distribution of open offer rights.