ISO 15022 Data Field Dictionary

Note

This message may only be sent and received after prior arrangements between the Sender and Receiver.

MT516 Scope

This message type is sent from one financial institution to another, both of which are involved in the lending of securities.

It is used to confirm the details of:

  • a new securities loan

  • a partial recall of securities previously out on loan

  • a partial return of securities previously out on loan

  • the close-out of a securities loan.

MT516 Format Specifications

Status Tag Field Name Content/Options No.

Mandatory Sequence A Securities Loan/Recall/Return Identification

M

20

Transaction Reference Number

16x

1

O

21

Related Reference

16x

2

M

23

Further Identification

16x

3

M

31P

Date Loan/Recall/Return Agreed

6!n[29x]

4

O

83C

Safekeeping Account

/34x

5

M

35B

Identification of Securities

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

6

O

35A

Quantity of Securities

3!a15d

7

O

31L

Payable Date

6!n

8

O

31X

Ex Date

[6!n[4!n]][7!a]

9

M

30

Effective Date

6!n

10

O

31F

Expiry and Option Date of Loan

6!n[/6!n][//35x]

11

O

87a

Receiver/Deliverer of Securities

A or D

12

O

35N

Quantity of Securities Recalled/Returned

3!a15d

13

O

33T

Market Price of Securities

3!a15d

14

End of Sequence A Securities Loan/Recall/Return Identification

Optional Sequence B Collateral Arrangements

O

37J

Interest Rate on Securities

12d

15

O

26H

Collateral Type

16x

16

O

33S

Collateral Requirement

3!a15d

17

O

32a

Cash Collateral Amount

A or B

18

O

37a

Rebate Agreed

A, B, C, D, E, or F

19

O

57a

Account With Institution

A, B, or D

20

O

35S

Quantity of Securities Transferred as Collateral

3!a15d

21

O

35B

Identification of Securities

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

22

O

87a

Receiver/Deliverer of Securities

A or D

23

End of Sequence B Collateral Arrangements

Optional Sequence C

O

77D

Special Terms and Conditions

6*35x

24

O

72

Sender to Receiver Information

6*35x

25

End of Sequence C

MT516 Network Validated Rules

  • C1 Either field 35A or 35N must be present.

  • C2 In sequence A, either field 83C or 87a, but not both, may be present.

MT516 Usage Rules

  • The details of a securities loan or its recall or return are usually agreed by the two parties via telephone or other means.

  • The confirmation of a recall or return must contain in field 35N the quantity of securities recalled or returned and in field 35A the remaining quantity of securities out on loan.

    Alternatively, if the practice is to close-out a loan in the event of a partial return or partial recall, fields 35A and 35N must be equal.

  • Adjustments to the collateral amount must not be conveyed by this message. The MT 581 must be used to request or confirm adjustments to the collateral amount.

  • The cancellation of this message must be conveyed using the MT 592 Request for Cancellation.

    To amend or correct a securities loan confirmation, it is necessary to cancel the original message and send a new confirmation message.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------