MT546 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
  :19A::NTWK

• C2 In subsequence 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

• 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 receiving agent and a place of settlement: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::REAG 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:: is not allowed in the same subsequence.

  Subsequence E1 if field :95a::PSET is ...	Subsequence E1 then field :97a:: 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.

• C15 If field :19A::NTWK of subsequence E3 is present, then subsequence E4 must NOT be present.