MT565: (41) Field 36a: Quantity of Financial Instrument

FORMAT

Option B :4!c//4!c/15d (Qualifier)(Quantity Type Code)(Quantity)
Option C :4!c//4!c (Qualifier)(Quantity Code)

PRESENCE

Mandatory in mandatory sequence D

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

QINS

R

C4

C or B

Quantity of Securities Instructed

 

or

QREC

R

C4

C or B

Quantity to Receive

2

O

COND

N

 

B

Conditional Quantity

3

O

QOVE

N

 

B

Quantity Over And Above Normal Ensured Entitlement

DEFINITION

This qualified generic field specifies:

COND

Conditional Quantity

Minimum quantity of securities to be accepted (used in the framework of conditional privilege on election). In case of proration, if this minimum quantity is not reached then the instruction is void.

QINS

Quantity of Securities Instructed

Quantity of underlying securities to which this instruction applies.

QOVE

Quantity Over And Above Normal Ensured Entitlement

Quantity instructed to be received over and above normal ensured entitlement.

QREC

Quantity to Receive

Quantity of the benefits that the account owner wants to receive, eg, as a result of dividend reinvestment.

CODES

In option B, Quantity Type Code must contain one of the following codes :

AMOR

Amortised Value

Quantity expressed as an amount representing the current amortised face amount of a bond, eg, a periodic reduction of a bond's principal amount.

FAMT

Face Amount

Quantity expressed as an amount representing the face amount, ie, the principal, of a debt instrument.

UNIT

Unit Number

Quantity expressed as a number, eg, a number of shares.

CODES

In option C, Quantity Code must contain one of the following codes :

QALL

All Securities

Instruction applies to the entire eligible balance of underlying securities.

NETWORK VALIDATED RULES

The integer part of Quantity must contain at least one digit. A decimal comma is mandatory and is included in the maximum length .

USAGE RULES

QOVE (Quantity Instructed to be Received Over and Above Normal Ensured Entitlement) defines the quantity to receive on top of the normal entitlement, not the combined quantity.

QINS could refer to one account in case of one account per instruction. It would refer to the aggregated quantity of the different accounts if the instruction message refers to more than one account, i.e. multiple B2 subsequence.

The Instructed Quantity (QINS) is to be provided unless the Quantity to Receive (QREC) is requested in the related MT 564, eg, for :22F::CAEV//PRIO and DRIP.