ISO 15022 Data Field Dictionary

MT540 Scope

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to:

  • instruct the receipt of financial instruments free of payment, physically or by book-entry, from a specified party (the function of the message is NEWM)

  • request the cancellation of a receive free of payment instruction previously sent by the account owner (the function of the message is CANC)

  • pre-advise the account servicer of a forthcoming receive free of payment instruction (the function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

MT540 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

----->

O

99B

4!c

Number Count

(see qualifier description)

:4!c//3!n

5

-----|

-----> Optional Repetitive Subsequence A1 Linkages

M

16R

 

 

Start of Block

LINK

6

O

22F

LINK

Indicator

Linkage Type Indicator

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

7

O

13a

LINK

Number Identification

Linked Message

A or B

8

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

9

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

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 Trade Details

M

16R

 

 

Start of Block

TRADDET

13

----->

O

94a

4!c

Place

(see qualifier description)

B, H, or L

14

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, C, or E

15

-----|

O

90a

DEAL

Price

Deal Price

A or B

16

O

99A

DAAC

Number Count

Number of Days Accrued

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

17

M

35B

 

 

Identification of the Financial Instrument

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

18

Optional Subsequence B1 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

19

O

94B

PLIS

Place

Place of Listing

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

20

----->

O

22F

4!c

Indicator

(see qualifier description)

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

21

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

22

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

23

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

24

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

25

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

26

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

27

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

28

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

29

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

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

30

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

31

M

16S

 

 

End of Block

FIA

32

End of Subsequence B1 Financial Instrument Attributes

----->

O

22F

4!c

Indicator

(see qualifier description)

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

33

-----|

O

11A

FXIS

Currency

Currency to Sell

:4!c//3!a

34

----->

O

25D

4!c

Status Code

(see qualifier description)

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

35

-----|

----->

O

70E

4!c

Narrative

(see qualifier description)

:4!c//10*35x

36

-----|

M

16S

 

 

End of Block

TRADDET

37

End of Sequence B Trade Details

Mandatory Sequence C Financial Instrument/Account

M

16R

 

 

Start of Block

FIAC

38

----->

M

36B

SETT

Quantity of Financial Instrument

Quantity of Financial Instrument to be Settled

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

39

-----|

O

70D

DENC

Narrative

Denomination Choice

:4!c//6*35x

40

----->

O

13B

CERT

Number Identification

Certificate Number

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

41

-----|

----->

O

95a

4!c

Party

(see qualifier description)

L, P, or R

42

-----|

----->

M

97a

4!c

Account

(see qualifier description)

A, B, or E

43

-----|

----->

O

94a

SAFE

Place

Place of Safekeeping

B, C, F, or L

44

-----|

-----> Optional Repetitive Subsequence C1 Quantity Breakdown

M

16R

 

 

Start of Block

BREAK

45

O

13B

LOTS

Number Identification

Lot Number

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

46

O

36B

LOTS

Quantity of Financial Instrument

Quantity of Financial Instrument In The Lot

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

47

O

98a

LOTS

Date/Time

Lot Date/Time

A, C, or E

48

O

90a

LOTS

Price

Book/Lot Price

A or B

49

O

22F

PRIC

Indicator

Type of Price Indicator

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

50

M

16S

 

 

End of Block

BREAK

51

-----| End of Subsequence C1 Quantity Breakdown

M

16S

 

 

End of Block

FIAC

52

End of Sequence C Financial Instrument/Account

Optional Sequence D Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

53

----->

O

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

54

-----|

----->

O

22F

4!c

Indicator

(see qualifier description)

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

55

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

56

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

57

-----|

----->

O

99B

4!c

Number Count

(see qualifier description)

:4!c//3!n

58

-----|

----->

O

19A

4!c

Amount

(see qualifier description)

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

59

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

60

M

16S

 

 

End of Block

REPO

61

End of Sequence D Two Leg Transaction Details

Mandatory Sequence E Settlement Details

M

16R

 

 

Start of Block

SETDET

62

----->

M

22F

4!c

Indicator

(see qualifier description)

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

63

-----|

-----> Mandatory Repetitive Subsequence E1 Settlement Parties

M

16R

 

 

Start of Block

SETPRTY

64

----->

M

95a

4!c

Party

(see qualifier description)

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

65

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

66

O

98a

PROC

Date/Time

Processing Date/Time

A or C

67

O

20C

PROC

Reference

Processing Reference

:4!c//16x

68

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

69

-----|

M

16S

 

 

End of Block

SETPRTY

70

-----| End of Subsequence E1 Settlement Parties

-----> Optional Repetitive Subsequence E2 Cash Parties

M

16R

 

 

Start of Block

CSHPRTY

71

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

72

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A or E

73

-----|

----->

O

70a

4!c

Narrative

(see qualifier description)

C or E

74

-----|

M

16S

 

 

End of Block

CSHPRTY

75

-----| End of Subsequence E2 Cash Parties

-----> Optional Repetitive Subsequence E3 Amounts

M

16R

 

 

Start of Block

AMT

76

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

77

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

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

78

-----|

O

92B

EXCH

Rate

Exchange Rate

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

79

M

16S

 

 

End of Block

AMT

80

-----| End of Subsequence E3 Amounts

M

16S

 

 

End of Block

SETDET

81

End of Sequence E Settlement Details

-----> Optional Repetitive Sequence F Other Parties

M

16R

 

 

Start of Block

OTHRPRTY

82

----->

M

95a

4!c

Party

(see qualifier description)

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

83

-----|

O

97A

SAFE

Account

Safekeeping Account

:4!c//35x

84

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

85

-----|

O

20C

PROC

Reference

Processing Reference

:4!c//16x

86

M

16S

 

 

End of Block

OTHRPRTY

87

-----| End of Sequence F Other Parties

MT540 Network Validated Rules

  • C1 The following amount fields cannot appear in more than one occurrence of the subsequence E3 Amounts.

    Subsequence E3

    :19A::ACRU

    :19A::ANTO

    :19A::BOOK

    :19A::CHAR

    :19A::COUN

    :19A::DEAL

    :19A::EXEC

    :19A::ISDI

    :19A::LADT

    :19A::LEVY

    :19A::LOCL

    :19A::LOCO

    :19A::MARG

    :19A::OTHR

    :19A::REGF

    :19A::SETT

    :19A::SHIP

    :19A::SPCN

    :19A::STAM

    :19A::STEX

    :19A::TRAN

    :19A::TRAX

    :19A::VATA

    :19A::WITH

    :19A::COAX

    :19A::ACCA

    :19A::RSCH

  • C2 In sequence A, if the total of linked settlement instructions (field :99B::TOSE) is present, then the current settlement instruction number (field :99B::SETT) must be present.

    Sequence A

    if field :99B::TOSE is ...

    Sequence A

    then field :99B::SETT is ...

    Present

    Mandatory

    Not present

    Optional

  • C3 In (sub)sequence E3, 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 then the resulting amount is not allowed.

    Subsequence E3

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

    Subsequence E3

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

    Present

    Mandatory

    Not present

    Not allowed

  • C4 The following party fields cannot appear more than once in a message:

    Subsequence E1

    Subsequence E2

    Sequence F

    :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::BRKR

    :95a::RECU

    :95a::REI1

    :95a::REI2

    :95a::SELL

  • C5 If field :22F::DBNM is NOT present in sequence E, then it is mandatory to specify a delivering agent and a place of settlement: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::DEAG and another one must contain party field :95a::PSET.

  • C6 If a qualifier from the list Deliverers is present in a subsequence E1, 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 E, the following scenarios must be validated:

    • If :95a::DEI2 is present in subsequence E1, then :95a::DEI1 must be present in another subsequence E1.

    • If :95a::DEI1 is present in subsequence E1, then :95a::DECU must be present in another subsequence E1.

    • If :95a::DECU is present in subsequence E1, then :95a::SELL must be present in another subsequence E1.

    If a qualifier from the list Receivers is present in a subsequence E1, 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 E, the following scenarios must be validated:

    • If :95a::REI2 is present in subsequence E1, then :95a::REI1 must be present in another subsequence E1.

    • If :95a::REI1 is present in subsequence E1, then :95a::RECU must be present in another subsequence E1.

    • If :95a::RECU is present in subsequence E1, then :95a::BUYR must be present in another subsequence E1.

    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)

  • C7 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 or PREA

    Optional

    Not applicable

  • C8 In subsequence E1, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence..

    Subsequence E1

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

    Subsequence E1

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

    Present

    Not allowed within the same occurrence

    Not present

    Optional

  • C9 If field :22F::FXCX//FXNO or FXYE is present in sequence E, then the message must be a cancellation, that is, Function of the Message in sequence A (field 23G) is CANC.

    If field :22F::FXCX//SINO is present in sequence E, then the message must be new, that is, Function of the Message in sequence A (field 23G) is NEWM..

    Sequence E

    if field :22F::FXCX is ... (1)

    In sequence A

    then field :23G:4!c is ...

    FXNO

    CANC

    FXYE

    CANC

    SINO

    NEWM

    Not present

    Not applicable

    (1) if the Data Source Scheme is present in field :22F::FXCX// then the conditional rule does not apply.
  • C10 If field :22F::DBNM is present in sequence E, then a seller must be specified, that is, one occurrence of subsequence E1 must contain field :95a::SELL.

    Sequence E

    if field :22F::DBNM is ...

    Then in one occurrence

    of subsequence E1 ...

    Present

    Field :95a::SELL is Mandatory

    Not present

    Not applicable

  • C11 If field :22F::DBNM//VEND is present in sequence E, then a vendor must be specified; that is one occurrence of sequence F must contain field :95a::VEND.

    In sequence E

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

    Then sequence F is ...

    And in one occurrence of sequence F

    field :95a::VEND is ...

    Present

    Mandatory, that is sequence F must be present once

    Mandatory

    Not present

    Optional

    Optional

    (1) if the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.
  • C12 If field :36B: is present in minimum one occurrence of sequence A1, then the type of settlement transaction must be a pair-off or a turn-around; that is, sequence E field :22F::SETR//PAIR or :22F::SETR//TURN must be present.

    In sequence A1

    if field :36B: is ...

    Then in sequence E, field :22F::SETR must be ...

    Present

    :22F::SETR//PAIR and DSS must not be present

    or

    :22F::SETR//TURN and DSS must not be present

    Not present

    Not applicable

  • C13 In sequence C, field :36B::SETT cannot appear more than twice (maximum two occurrences). When repeated, one occurrence must have Quantity Type Code FAMT and the other occurrence must have Quantity Type Code AMOR.

    Sequence C

    if field :36B::SETT is ...

    Then one occurrence of :36B::SETT must be ...

    And the other occurrence of :36B::SETT must be ...

    Repeated

    :36B::SETT//FAMT

    :36B::SETT//AMOR

    Not repeated

    Not applicable

    Not applicable

  • C14 In sequence F, if field :95a::EXCH Stock Exchange or :95a::TRRE Trade Regulator is present, then field :97a:: is not allowed in the same sequence.

    Sequence F

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

    Sequence F

    then field :97a:: is ...

    Present

    Not allowed within the same occurrence

    Not present

    Optional

  • C15 In sequence C, if field :95L::ALTE is present, then field :95a::ACOW must be present.

  • C16 In sequence B, field :94a::CLEA must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::CLEA).

    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 C, 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 E1, 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 E2, 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 F, 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).

  • C17 In each occurrence of sequence F, if field :95a::ALTE is present with format option L, then field :95a::MEOR and field :95a::MERE must not be used in the same occurrence of the sequence.

MT540 Usage Rules

  • The message may also be used to:

    • re-send a message (be it an instruction, request for cancellation, or pre-advise) sent by the account owner to the account servicer (the subfunction of the message is DUPL)

    • provide a third party with a copy of a message (be it an the instruction, request for cancellation, or pre-advise) being sent by the account owner for information (the subfunction of the message is COPY)

    • re-send a third party a copy of a message (be it an instruction, request for cancellation, or pre-advise) being sent by the account owner for information (the subfunction of the message is CODU).

  • When the message is used as a request to cancel, the linkage sequence must contain the reference of the original instruction.

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