ISO 15022 Data Field Dictionary

MT514 Scope

This message is sent by an instructing party, for example, a client, or its authorised representative to an executing party, for example, broker-dealer.

This message is used to instruct the allocation of a block trade. One allocation may be contained in each message. Settlement details are optional and may be provided where standing instructions do not apply or are not available.

It may also be used to:

  • request the cancellation of a previously sent allocation instruction

  • re-send an allocation instruction previously sent

  • provide a third party with a copy of the message (be it the instruction or request for cancellation) being sent

  • provide pre-allocation details which must be linked back to the original order to buy.

This message may be sent directly or via an ETC service provider between parties to the trade. It may also be sent as a copy from the instructing party to the custodian to provide early settlement information, where an agreement to this effect exists.

This message must not be sent from an ETC service provider to a custodian.

MT514 Format Specifications

Status Tag Qualifier Generic Field Name Detailed Field Name Content/Options No.

Mandatory Sequence A General Information

M

16R

 

 

Start of Block

GENL

1

M

20C

SEME

Reference

Sender's Message Reference

:4!c//16x

2

M

23G

 

 

Function of the Message

4!c[/4!c]

3

O

98a

PREP

Date/Time

Preparation Date/Time

A, C, or E

4

M

22F

TRTR

Indicator

Trade Transaction Type

:4!c/[8c]/4!c

5

----->

O

99B

4!c

Number Count

(see qualifier description)

:4!c//3!n

6

-----|

-----> Optional Repetitive Subsequence A1 Linkages

M

16R

 

 

Start of Block

LINK

7

O

22F

LINK

Indicator

Linkage Type Indicator

:4!c/[8c]/4!c

8

O

13a

LINK

Number Identification

Linked Message

A or B

9

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

10

M

16S

 

 

End of Block

LINK

11

-----| End of Subsequence A1 Linkages

M

16S

 

 

End of Block

GENL

12

End of Sequence A General Information

Mandatory Sequence B Confirmation Details

M

16R

 

 

Start of Block

CONFDET

13

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, C, or E

14

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

15

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

16

-----|

----->

O

99A

4!c

Number Count

(see qualifier description)

:4!c//[N]3!n

17

-----|

----->

O

94a

4!c

Place

(see qualifier description)

B, C, F, or L

18

-----|

----->

O

19A

4!c

Amount

(see qualifier description)

:4!c//[N]3!a15d

19

-----|

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

20

-----|

O

11A

4!c

Currency

(see qualifier description)

:4!c//3!a

21

-----> Mandatory Repetitive Subsequence B1 Confirmation Parties

M

16R

 

 

Start of Block

CONFPRTY

22

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

23

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A, B, or E

24

-----|

O

98a

PROC

Date/Time

Processing Date/Time

A or C

25

O

20C

PROC

Reference

Processing Reference

:4!c//16x

26

----->

O

70a

4!c

Narrative

(see qualifier description)

C or E

27

-----|

O

22F

TRCA

Indicator

Party Capacity Indicator

:4!c/[8c]/4!c

28

M

16S

 

 

End of Block

CONFPRTY

29

-----| End of Subsequence B1 Confirmation Parties

----->

M

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

:4!c//4!c/15d

30

-----|

M

35B

 

 

Identification of the Financial Instrument

[ISIN1!e12!c]
[4*35x]

31

Optional Subsequence B2 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

32

O

94B

PLIS

Place

Place of Listing

:4!c/[8c]/4!c[/30x]

33

----->

O

22F

4!c

Indicator

(see qualifier description)

:4!c/[8c]/4!c

34

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

35

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

36

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

37

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

38

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

39

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

40

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

41

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

:4!c//4!c/15d

42

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

[ISIN1!e12!c]
[4*35x]

43

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

44

M

16S

 

 

End of Block

FIA

45

End of Subsequence B2 Financial Instrument Attributes

----->

O

13B

CERT

Number Identification

Certificate Number

:4!c/[8c]/30x

46

-----|

O

70E

TPRO

Narrative

Trade Instruction Processing Narrative

:4!c//10*35x

47

M

16S

 

 

End of Block

CONFDET

48

End of Sequence B Confirmation Details

Optional Sequence C Settlement Details

M

16R

 

 

Start of Block

SETDET

49

----->

M

22F

4!c

Indicator

(see qualifier description)

:4!c/[8c]/4!c

50

-----|

O

11A

4!c

Currency

(see qualifier description)

:4!c//3!a

51

-----> Optional Repetitive Subsequence C1 Settlement Parties

M

16R

 

 

Start of Block

SETPRTY

52

----->

M

95a

4!c

Party

(see qualifier description)

C, L, P, Q, R, or S

53

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

54

O

98a

PROC

Date/Time

Processing Date/Time

A or C

55

O

20C

PROC

Reference

Processing Reference

:4!c//16x

56

----->

O

70a

4!c

Narrative

(see qualifier description)

C or D

57

-----|

M

16S

 

 

End of Block

SETPRTY

58

-----| End of Subsequence C1 Settlement Parties

-----> Optional Repetitive Subsequence C2 Cash Parties

M

16R

 

 

Start of Block

CSHPRTY

59

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

60

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A or E

61

-----|

O

98a

PROC

Date/Time

Processing Date/Time

A or C

62

O

20C

PROC

Reference

Processing Reference

:4!c//16x

63

O

70C

PACO

Narrative

Party Narrative

:4!c//4*35x

64

M

16S

 

 

End of Block

CSHPRTY

65

-----| End of Subsequence C2 Cash Parties

-----> Optional Repetitive Subsequence C3 Amounts

M

16R

 

 

Start of Block

AMT

66

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

67

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

:4!c//[N]3!a15d

68

-----|

O

98a

VALU

Date/Time

Value Date/Time

A or C

69

O

92B

EXCH

Rate

Exchange Rate

:4!c//3!a/3!a/15d

70

M

16S

 

 

End of Block

AMT

71

-----| End of Subsequence C3 Amounts

M

16S

 

 

End of Block

SETDET

72

End of Sequence C Settlement Details

-----> Optional Repetitive Sequence D Other Parties

M

16R

 

 

Start of Block

OTHRPRTY

73

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

74

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A, B, or E

75

-----|

O

70C

PACO

Narrative

Party Narrative

:4!c//4*35x

76

O

20C

PROC

Reference

Processing Reference

:4!c//16x

77

M

16S

 

 

End of Block

OTHRPRTY

78

-----| End of Sequence D Other Parties

Optional Sequence E Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

79

----->

O

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

80

-----|

----->

O

22F

4!c

Indicator

(see qualifier description)

:4!c/[8c]/4!c

81

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

82

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

83

-----|

----->

O

99B

4!c

Number Count

(see qualifier description)

:4!c//3!n

84

-----|

----->

O

19A

4!c

Amount

(see qualifier description)

:4!c//[N]3!a15d

85

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

86

M

16S

 

 

End of Block

REPO

87

End of Sequence E Two Leg Transaction Details

MT514 Network Validated Rules

  • C1 If an Exchange Rate (field :92B::EXCH) is present, the corresponding Resulting Amount (field :19A::RESU) must be present in the same subsequence. If the Exchange Rate is not present the Resulting Amount is not allowed.

    Subsequence C3

    if field :92B::EXCH is ...

    Subsequence C3

    then field :19A::RESU is ...

    Present

    Mandatory

    Not present

    Not allowed

  • C2 When the Type of Price (field :22F::PRIC) is present, the Deal Price (field :90a::DEAL) must also be present.

    Sequence B

    if field :22F::PRIC is ...

    Sequence B

    then field :90a::DEAL is ...

    Present

    Mandatory

    Not present

    Optional

  • C3 If the Settlement Amount (:19A::SETT) is present in sequence B, it must not be present in any occurrence of subsequence C3.

    Sequence B

    if field :19A::SETT is ...

    Then, for each occurrence of subsequence C3

    field :19A::SETT is ...

    Present

    Not allowed

    Not present

    Optional

  • C4 If the message is a cancellation, that is, Function of the Message (field 23G) is CANC, then subsequence A1 (Linkages) must be present at least once in the message, and in one and only one occurrence of A1, field :20C::PREV must be present; consequently, in all other occurrences of A1, field :20C::PREV is not allowed.

    Sequence A

    if field :23G: is ...

    Then subsequence A1 is ...

    And field :20C::PREV is ...

    CANC

    Mandatory (minimum one occurrence of A1 must be present)

    Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1

    NEWM

    Optional

    Not applicable

  • C5 The following party fields for subsequences C1 and C2 cannot appear more than once in sequence C. The party fields for sequence D cannot appear more than once in a message.

    Subsequence C1

    Subsequence C2

    Sequence D

    :95a::BUYR

    :95a::ACCW

    :95a::EXCH

    :95a::DEAG

    :95a::BENM

    :95a::MEOR

    :95a::DECU

    :95a::PAYE

    :95a::MERE

    :95a::DEI1

    :95a::DEBT

    :95a::TRRE

    :95a::DEI2

    :95a::INTM

    :95a::VEND

    :95a::PSET

    :95a::TRAG

    :95a::REAG

    :95a::RECU

    :95a::REI1

    :95a::REI2

    :95a::SELL

  • C6 If a qualifier from the list Deliverers is present in a subsequence C1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below) must be present.

    In other words, in sequence C, the following scenarios must be validated:

    • If :95a::DEI2 is present in subsequence C1, then :95a::DEI1 must be present in another subsequence C1.

    • If :95a::DEI1 is present in subsequence C1, then :95a::DECU must be present in another subsequence C1.

    • If :95a::DECU is present in subsequence C1, then :95a::SELL must be present in another subsequence C1.

    • If :95a::SELL is present in subsequence C1, then :95a::DEAG must be present in another subsequence C1.

    If a qualifier from the list Receivers is present in a subsequence C1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must be present.

    In other words, in sequence C, the following scenarios must be validated:

    • If :95a::REI2 is present in subsequence C1, then :95a::REI1 must be present in another subsequence C1.

    • If :95a::REI1 is present in subsequence C1, then :95a::RECU must be present in another subsequence C1.

    • If :95a::RECU is present in subsequence C1, then :95a::BUYR must be present in another subsequence C1.

    • If :95a::BUYR is present in subsequence C1, then :95a::REAG must be present in another subsequence C1.

    Deliverers

    Receivers

    DEI2

    Deliverer's Intermediary 2

    REI2

    Receiver's Intermediary 2

    DEI1

    Deliverer's Intermediary 1

    REI1

    Receiver's Intermediary 1

    DECU

    Deliverer's Custodian

    RECU

    Receiver's Custodian

    SELL

    Seller (Deliverer)

    BUYR

    Buyer (Receiver)

    DEAG

    Delivering Agent

    REAG

    Receiving Agent

  • C7 In subsequence C1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same sequence..

    Subsequence C1

    if field :95a::PSET is ...

    Subsequence C1

    then field :97a::SAFE is ...

    Present

    Not allowed within the same occurrence

    Not present

    Optional

  • C8 If field :22F::DBNM//VEND is present in sequence C, then a vendor must be specified; that is one occurrence of sequence D must contain field :95a::VEND.

    If sequence C is ...

    And in sequence C

    if field :22F::DBNM//VEND is ... (1)

    Then sequence D is ...

    And in one occurrence of sequence D

    field :95a::VEND is ...

    Present

    Present

    Mandatory, that is, must be present minimum once

    Mandatory

    Not present

    Optional

    Optional

    Not present

    Not applicable

    Optional

    Optional

    (1) if the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.
  • C9 In sequence D, if field :95a::EXCH Stock Exchange or :95a::TRRE Trade Regulator is present, then field :97a:: is not allowed in the same sequence.

    Sequence D

    if field :95a::EXCH or TRRE is ...

    Sequence D

    then field :97a:: is ...

    Present

    Not allowed within the same occurrence

    Not present

    Optional

  • C10 In sequence B, field :94a::TRAD must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::TRAD).

    In sequence B, field :94a::SAFE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::SAFE).

    In each occurrence of subsequence B1, field :95a::ALTE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:95L::ALTE).

    In each occurrence of subsequence C1, field :95a::ALTE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:95L::ALTE).

    In each occurrence of subsequence C2, field :95a::ALTE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:95L::ALTE).

    In each occurrence of sequence D, field :95a::ALTE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:95L::ALTE).

  • C11 In each occurrence of sequence D, if field :95a::ALTE is present with format option L, then field :95a::MEOR and field :95a::MERE must not be present in the same occurrence of the sequence.

MT514 Usage Rules

  • When an instruction is sent to a party other than the original Receiver, this original Receiver is identified in the other parties sequence as :95a::MERE (Recipient of the Message).

  • The underlying fund or client, :95a::INVE, must be present.

  • When a broker is identified as a confirming party, the party capacity (:22F::TRCA) must be specified.

  • When an ETC service provider transfers a message from one institution to another, and when the originator of the message is not already identified in the confirmation parties sequence or the settlement parties sequence, the originating party is identified in the other parties sequence as :95a::MEOR (Originator of Message).

  • Since there is only one allocation per MT 514, allocations must be linked by the master reference in the linkage sequence.

  • When the message is used to pre-advise allocation details, the Trade Transaction Type must be PALL and the Master Reference must be the same as the one assigned in the associated MT 502 Order to Buy or Sell. The pre-allocation conditions are defined in the associated MT 502 Order to Buy or Sell.

  • When the MT 514 is sent to request a cancellation of a previously sent instruction, field 23G must contain the function to cancel, the linkage subsequence must contain the reference of the instruction to be cancelled and the rest of the message a copy of at least the mandatory fields of the instruction to be cancelled. The Allocation Number/Total Number must be a separate series (see field definitions).

  • The Receiver of a request to cancel must advise the requesting party that the cancellation has been accepted or denied in an MT 509 Trade Status Message.

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