| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
M |
SETR |
N |
|
F |
Type of Settlement Transaction Indicator |
2 |
O |
STCO |
R |
|
F |
Settlement Transaction Condition Indicator |
3 |
O |
TRCA |
N |
|
F |
Party Capacity Indicator |
4 |
O |
STAM |
N |
|
F |
Stamp Duty Indicator |
5 |
O |
RTGS |
N |
|
F |
Securities Real-Time Gross Settlement Indicator |
6 |
O |
REGT |
N |
|
F |
Registration Indicator |
7 |
O |
BENE |
N |
|
F |
Beneficial Ownership Indicator |
8 |
O |
CASY |
N |
|
F |
Cash Settlement System Indicator |
9 |
O |
TCPI |
N |
|
F |
Tax Capacity Party Indicator |
10 |
O |
MACL |
N |
|
F |
Market Side Indicator |
11 |
O |
REST |
N |
|
F |
Restrictions |
12 |
O |
SETS |
N |
|
F |
Settlement System/Method Indicator |
13 |
O |
NETT |
N |
|
F |
Netting Eligibility Indicator |
14 |
O |
CCPT |
N |
|
F |
CCP Eligibility Indicator |
15 |
O |
LEOG |
N |
|
F |
Letter of Guarantee Indicator |
16 |
O |
REPT |
N |
|
F |
Repurchase Type Indicator |
This qualified generic field specifies:
BENE |
Beneficial Ownership Indicator |
Specifies whether there is change of beneficial ownership. |
CASY |
Cash Settlement System Indicator |
Specifies what cash settlement system is instructed to be used. |
CCPT |
CCP Eligibility Indicator |
Specifies whether the settlement transaction is CCP (Central Counterparty) eligible. |
LEOG |
Letter of Guarantee Indicator |
Specifies whether physical settlement may be executed using a letter of guarantee or if the physical certificates should be used. |
MACL |
Market Side Indicator |
Specifies whether an instruction is for a market side or a client side transaction. |
NETT |
Netting Eligibility Indicator |
Specifies whether the settlement transaction is eligible for netting. |
REGT |
Registration Indicator |
Specifies whether registration should occur upon receipt. |
REPT |
Repurchase Type Indicator |
Specifies the type of repurchase transaction. |
REST |
Restrictions |
Specifies the regulatory restrictions applicable to a financial instrument. |
RTGS |
Securities Real-Time Gross Settlement Indicator |
Specifies whether the settlement transaction is to be settled through an RTGS or a non RTGS system. |
SETR |
Type of Settlement Transaction Indicator |
Specifies underlying information regarding the type of settlement transaction. |
SETS |
Settlement System/Method Indicator |
Specifies whether the settlement instruction is to be settled through the default or the alternate settlement system. |
STAM |
Stamp Duty Indicator |
Specifies the stamp duty type or exemption reason applicable to the settlement instruction. |
STCO |
Settlement Transaction Condition Indicator |
Specifies the conditions under which the order/trade is to be settled. |
TCPI |
Tax Capacity Party Indicator |
Specifies the tax role capacity of the instructing party. |
TRCA |
Party Capacity Indicator |
Specifies the role of the party in the transaction. |
If Qualifier is SETR and Data Source Scheme is not present, Indicator must contain one of the following codes :
BSBK |
Buy Sell Back |
Relates to a buy sell back transaction. |
CNCB |
Central Bank Collateral Operation |
Relates to a collateral delivery/receipt to a National Central Bank for central bank credit operations. |
COLL |
Collateral |
Relates to a collateral movement in the form of securities. |
CONV |
DR Conversion |
Relates to a depository receipt conversion. |
FCTA |
Factor Update |
Relates to a factor update. |
INSP |
Move of Stock |
Relates to a movement of shares into or out of a pooled account. |
ISSU |
DR Issue |
Relates to issue of a depositary receipt. |
MKDW |
Mark-Down |
Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned). |
MKUP |
Mark-Up |
Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned). |
NETT |
Netting |
Relates to the netting of settlement instructions. |
NSYN |
Non Syndicated |
Relates to the issue of medium and short term paper (CP, CD, MTN, notes ...) under a program and without syndication arrangement. |
OWNE |
External Account Transfer |
Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver). |
OWNI |
Internal Account Transfer |
Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver). |
PAIR |
Pair-Off |
Relates to a pair-off: the transaction is paired off and netted against one or more previous transactions. |
PLAC |
Placement |
Relates to the placement/new issue of a financial instrument. |
PORT |
Portfolio Move |
Relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such. |
PREA |
Pre-advice |
Relates to a pre-advice, i.e. for matching purposes only. |
REAL |
Realignement |
Relates to a realignment of positions. |
REDI |
Withdrawal |
Relates to the withdrawal of specified amounts from specified sub-accounts. |
REDM |
Redemption (Funds) |
Relates to a redemption of Funds (Funds Industry ONLY). |
RELE |
DR Release/Cancellation |
Relates to a release (into/from local) of Depository Receipt operation. |
REPU |
Repo |
Relates to a repurchase agreement transaction. |
RODE |
Return of delivery without matching. |
Relates to the return of financial instruments resulting from a rejected delivery without matching operation. |
RPTO |
Reporting |
Relates to a transaction that is for reporting purposes only. |
RVPO |
Reverse Repo |
Relates to a reverse repurchase agreement transaction. |
SBBK |
Sell Buy Back |
Relates to a sell buy back transaction. |
SECB |
Securities Borrowing |
Relates to a securities borrowing operation. |
SECL |
Securities Lending |
Relates to a securities lending operation. |
SUBS |
Subscription (Funds) |
Relates to a subscription to funds (Funds Industry ONLY). |
SYND |
Syndicate of Underwriters |
Relates to the issue of financial instruments through a syndicate of underwriters and a Lead Manager. |
TBAC |
TBA Closing |
Relates to a To Be Announced (TBA) closing trade. |
TRAD |
Trade |
Relates to the settlement of a trade. |
TRPO |
Triparty Repo |
Relates to a triparty repurchase agreement. |
TURN |
Turnaround |
Relates to a turnaround: the same security is bought and sold to settle the same day, to or from different brokers. |
If Qualifier is REPT and Data Source Scheme is not present, Indicator must contain one of the following codes :
CADJ |
Swap/Substitution |
Relates to a repo collateral substitution. |
CALL |
Repo Call |
Relates to a change in the closing or maturity date. |
PAIR |
Pair-Off |
Relates to a repo that is part of a pair-off. |
RATE |
Repo Rate |
Relates to a change in the repo rate. |
ROLP |
Rollover |
Relates to a repo rollover of a position extending the closing or maturity date. |
TOPU |
Top-Up |
Relates to a cover of securities position due to deficit of collateral following mark to market valuation. |
WTHD |
Withdrawal |
Relates to a return of securities position due to excess of collateral following mark to market valuation. |
If Qualifier is STCO and Data Source Scheme is not present, Indicator must contain one of the following codes :
ASGN |
Assignment |
Transfer of ownership of the asset to another party during the closing of an option. |
CLEN |
Clean |
Tax-exempt financial instruments are to be settled. |
DIRT |
Dirty |
Taxable financial instruments are to be settled. |
DLWM |
Delivery Without Matching |
Matching receipt instruction not required (only for concerned ICSD and CSD). |
DRAW |
Drawn |
Settlement transactions relates to drawn securities. |
EXER |
Exercised |
Settlement transaction relates to options, futures or derivatives that are exercised. |
FRCL |
Free Clean Settlement |
Delivery will be made free of payment but a clean payment order will be sent. |
KNOC |
Knocked out |
Settlement transaction relates to options, futures or derivatives that are expired worthless. |
NPAR |
No Partial Settlement Allowed |
Partial settlement is not allowed. |
PART |
Partial Settlement |
Partial settlement is allowed. |
PHYS |
Physical |
Securities are to be physically settled. |
SPCS |
Split Currency Settlement |
Settlement is in two different currencies. |
SPDL |
Special Delivery |
Settlement transactions to be settled with special delivery. |
SPST |
Split Settlement |
Money and financial instruments settle in different locations. |
UNEX |
Unexposed |
Delivery cannot be performed until money is received. |
If Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes :
CUST |
Settling as a Custodian |
Settlement party is a custodian. It receives/delivers the securities and carries out custodial duties. |
SAGE |
Settling as an Agent |
Party settles trades on behalf of his client for which he also traded. |
SPRI |
Settling as a Principal |
Party settles its own trades. |
If Qualifier is STAM, the Data Source Scheme must be used to indicate the stamp duty type or reason, eg, in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.
If Qualifier is RTGS and Data Source Scheme is not present, Indicator must contain one of the following codes :
NRTG |
Non-RTGS |
Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored. |
YRTG |
RTGS |
Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored. |
If Qualifier is REGT and Data Source Scheme is not present, Indicator must contain one of the following codes :
NREG |
Street Name |
Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored. |
YREG |
Register |
Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored. |
If Qualifier is BENE and Data Source Scheme is not present, Indicator must contain one of the following codes :
NBEN |
NCBO |
No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored. |
YBEN |
CBO |
Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored. |
If Qualifier is CASY and Data Source Scheme is not present, Indicator must contain one of the following codes :
BOKW |
Bank of Korea Wire |
Settle money through Bank of Korea Wire. |
CHEC |
Cheque |
Settle money through Cheque. |
GBSC |
UK Domestic |
Settle money through UK domestic. |
GROS |
Gross settlement system |
Settle money through gross settlement system. |
NETS |
Net settlement system |
Settle money through net settlement system. |
USCH |
CHIPS (US) |
Settle money through CHIPS (US). |
USFW |
Fedwire (US) |
Settle money through Fedwire (US). |
If Qualifier is TCPI and Data Source Scheme is not present, Indicator must contain one of the following codes :
AGEN |
Agent |
Acting as an agent for tax liability. |
PRIN |
Principal |
Acting as a principal for tax liability. |
If Qualifier is MACL and Data Source Scheme is not present, Indicator must contain one of the following codes :
CLNT |
Client Side |
Instruction is for a client side transaction. |
MAKT |
Market Side |
Instruction is for a market side transaction. |
If Qualifier is REST and Data Source Scheme is not present, Indicator must contain one of the following codes :
144A |
Pursuant to 144A |
Ownership or transfer of an unregistered security issued, pursuant to US legal restrictions 144A. |
NRST |
Not Subject to Restrictions |
Ownership or transfer of a security that is not subject to restrictions. |
RSTR |
Subject to Restrictions (not pursuant to 144A) |
Ownership or transfer of a security that is subject to restrictions, and not pursuant to 144A. |
If Qualifier is SETS and Data Source Scheme is not present, Indicator must contain one of the following codes :
NSET |
Default Settlement System/Method |
Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored. |
YSET |
Alternate Settlement System/Method |
Settle through the alternate settlement system/method If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored. |
If Qualifier is NETT and Data Source Scheme is not present, Indicator must contain one of the following codes :
NNET |
Not Netting Eligible |
Settlement instruction is not eligible for netting. |
YNET |
Netting Eligible |
Settlement instruction is eligible for netting. |
If Qualifier is CCPT and Data Source Scheme is not present, Indicator must contain one of the following codes :
NCCP |
Not CCP Eligible |
Settlement instruction is not CCP eligible. |
YCCP |
CCP Eligible |
Settlement instruction is CCP eligible. |
If Qualifier is LEOG and Data Source Scheme is not present, Indicator must contain one of the following codes :
NLEG |
Letter of Guarantee Not Accepted |
Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored. |
YLEG |
Letter of Guarantee Accepted |
Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored. |
The code PREA with the Qualifier SETR is to be used only in communications between (I)CSDs and their participants.
The conditions of the use of the codes for the qualifiers BENE, CASY, CCPT, DBNM, LEOG, NETT, REGT, REPT, RTGS, SETS and STCO must be pre-agreed between account owner and account.
When the code YREG in the registration indicator is present, additional registration details must be specified in the registration details narrative in the Settlement.
The cash settlement system codes are to be used only by agents directly involved in the settlement process, such as local settlement agents, CSD's and central banks.
The use of settlement transaction type codes CONV, ISSU, REAL, RELE, NETT, NSYN, MKUP, MKDW, SYND is governed by the existence of a bilateral agreement.