ISO 15022 Data Field Dictionary

MT544 Scope

This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is used to:

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

  • cancel a confirmation of a receipt free of payment previously sent by the account servicer (the function of the message is CANC)

  • reverse a confirmation of a receipt free of payment previously sent by the account servicer (the function of the message is RVSL).

The message is also used to pre-confirm settlement or to confirm a partial settlement of a receipt of financial instruments free of payment.

MT544 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

22a

4!c

Indicator

(see qualifier description)

F or H

5

-----|

-----> Mandatory 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

M

16S

 

 

End of Block

LINK

10

-----| End of Subsequence A1 Linkages

M

16S

 

 

End of Block

GENL

11

End of Sequence A General Information

Mandatory Sequence B Trade Details

M

16R

 

 

Start of Block

TRADDET

12

----->

O

94a

4!c

Place

(see qualifier description)

B, H, or L

13

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, C, or E

14

-----|

O

90a

DEAL

Price

Deal Price

A or B

15

O

99A

DAAC

Number Count

Number of Days Accrued

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

16

M

35B

 

 

Identification of the Financial Instrument

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

17

Optional Subsequence B1 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

18

O

94B

PLIS

Place

Place of Listing

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

19

----->

O

22F

4!c

Indicator

(see qualifier description)

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

20

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

21

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

22

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

23

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

24

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

25

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

26

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

27

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

28

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

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

29

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

30

M

16S

 

 

End of Block

FIA

31

End of Subsequence B1 Financial Instrument Attributes

----->

O

22F

4!c

Indicator

(see qualifier description)

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

32

-----|

----->

O

70E

4!c

Narrative

(see qualifier description)

:4!c//10*35x

33

-----|

M

16S

 

 

End of Block

TRADDET

34

End of Sequence B Trade Details

Mandatory Sequence C Financial Instrument/Account

M

16R

 

 

Start of Block

FIAC

35

----->

M

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

36

-----|

----->

O

19A

4!c

Amount

(see qualifier description)

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

37

-----|

O

70D

DENC

Narrative

Denomination Choice

:4!c//6*35x

38

----->

O

13B

CERT

Number Identification

Certificate Number

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

39

-----|

----->

O

95a

4!c

Party

(see qualifier description)

L, P, or R

40

-----|

----->

M

97a

4!c

Account

(see qualifier description)

A, B, or E

41

-----|

----->

O

94a

SAFE

Place

Place of Safekeeping

B, C, F, or L

42

-----|

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

M

16R

 

 

Start of Block

BREAK

43

O

13B

LOTS

Number Identification

Lot Number

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

44

O

36B

LOTS

Quantity of Financial Instrument

Quantity of Financial Instrument In The Lot

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

45

O

98a

LOTS

Date/Time

Lot Date/Time

A, C, or E

46

O

90a

LOTS

Price

Book/Lot Price

A or B

47

----->

O

22F

4!c

Indicator

(see qualifier description)

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

48

-----|

M

16S

 

 

End of Block

BREAK

49

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

M

16S

 

 

End of Block

FIAC

50

End of Sequence C Financial Instrument/Account

Optional Sequence D Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

51

----->

O

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

52

-----|

----->

O

22F

4!c

Indicator

(see qualifier description)

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

53

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

54

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

55

-----|

----->

O

99B

4!c

Number Count

(see qualifier description)

:4!c//3!n

56

-----|

----->

O

19A

4!c

Amount

(see qualifier description)

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

57

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

58

M

16S

 

 

End of Block

REPO

59

End of Sequence D Two Leg Transaction Details

Mandatory Sequence E Settlement Details

M

16R

 

 

Start of Block

SETDET

60

----->

M

22F

4!c

Indicator

(see qualifier description)

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

61

-----|

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

M

16R

 

 

Start of Block

SETPRTY

62

----->

M

95a

4!c

Party

(see qualifier description)

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

63

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

64

O

98a

PROC

Date/Time

Processing Date/Time

A or C

65

O

20C

PROC

Reference

Processing Reference

:4!c//16x

66

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

67

-----|

M

16S

 

 

End of Block

SETPRTY

68

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

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

M

16R

 

 

Start of Block

CSHPRTY

69

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

70

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A or E

71

-----|

O

20C

PROC

Reference

Processing Reference

:4!c//16x

72

----->

O

70a

4!c

Narrative

(see qualifier description)

C or E

73

-----|

M

16S

 

 

End of Block

CSHPRTY

74

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

-----> Optional Repetitive Subsequence E3 Amounts

M

16R

 

 

Start of Block

AMT

75

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

76

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

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

77

-----|

O

98a

VALU

Date/Time

Value Date/Time

A or C

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

MT544 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::COMT

    :19A::COUN

    :19A::DEAL

    :19A::EXEC

    :19A::ESTT

    :19A::ISDI

    :19A::LADT

    :19A::LEVY

    :19A::LOCL

    :19A::LOCO

    :19A::MARG

    :19A::OTHR

    :19A::REGF

    :19A::SHIP

    :19A::SPCN

    :19A::STAM

    :19A::STEX

    :19A::TRAN

    :19A::TRAX

    :19A::VATA

    :19A::WITH

    :19A::COAX

    :19A::ACCA

    :19A::RSCH

  • C2 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. This check applies to subsequence E3.

    Subsequence E3

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

    Subsequence E3

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

    Present

    Mandatory

    Not present

    Not allowed

  • C3 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::QFIN

    :95a::RECU

    :95a::BRKR

    :95a::REI1

    :95a::REI2

    :95a::SELL

  • C4 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.

  • C5 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)

  • C6 If the message is a cancellation or a reversal, that is, Function of the Message (field 23G) is CANC or RVSL, then field :20C::PREV must be present in one and only one occurrence of subsequence A1; consequently, in all other occurrences of A1, field :20C::PREV is not allowed.

    Sequence A

    if field :23G: is ...

    Then field :20C::PREV is ...

    CANC or RVSL

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

    NEWM

    Not applicable

  • C7 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

  • C8 A reference to the previously received message must be specified, that is field 20C::RELA must be present in one and only one occurrence of subsequence A1 Linkages; field 20C::RELA is not allowed in all other occurrences of subsequence A1.

  • C9 In sequence C, field :36B::ESTT 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::ESTT is ...

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

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

    Repeated

    :36B::ESTT//FAMT

    :36B::ESTT//AMOR

    Not repeated

    Not applicable

    Not applicable

  • C10 A value date must only be provided with an effective settlement amount, that is, in any occurrence of subsequence E3, if value date field :98a::VALU is present, then settled amount field :19A::ESTT must be present in the same subsequence.

    Subsequence E3

    if field :98a::VALU is ...

    Subsequence E3

    then field :19A::ESTT is ...

    Present

    Mandatory

    Not present

    Optional

  • C11 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

  • C12 In sequence C, if field :95L::ALTE is present, then field :95a::ACOW must be present.

  • C13 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).

  • C14 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 present in the same occurrence of the sequence.

MT544 Usage Rules

The message may also be used to:

  • re-send a message (be it a confirmation, cancellation or reversal of a confirmation) sent by the account servicer to the account owner (the sub-function of the message is DUPL)

  • provide a third party with a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is COPY)

  • re-send a third party a copy of a message (be it a confirmation, cancellation or reversal of a confirmation) being sent by the account servicer for information (the sub-function of the message is CODU).

When the message is used as a cancellation, the linkage sequence must contain the reference of the original confirmation.

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