ISO 15022 Data Field Dictionary

MT565 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 provide the custodian with instructions on how the account owner wishes to proceed with a corporate action event. Instructions include investment decisions regarding the exercise of rights issues, the election of stock or cash when the option is available, and decisions on the conversion or tendering of securities.

This message may also be used to:

  • request the cancellation of a previously sent corporate action instruction

  • re-send a corporate action instruction previously sent

  • provide a third party with a copy of the message.

MT565 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

4!c

Reference

(see qualifier description)

:4!c//16x

2

-----|

M

23G

 

 

Function of the Message

4!c[/4!c]

3

M

22F

CAEV

Indicator

Corporate Action Event Indicator

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

4

O

98a

PREP

Date/Time

Preparation Date/Time

A or C

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

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 Underlying Securities

M

16R

 

 

Start of Block

USECU

12

O

35B

 

 

Identification of the Financial Instrument

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

13

Optional Subsequence B1 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

14

O

94B

PLIS

Place

Place of Listing

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

15

O

22F

MICO

Indicator

Method of Interest Computation Indicator

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

16

O

12a

CLAS

Type of Financial Instrument

Classification Type

A or C

17

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

18

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

19

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

20

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

21

-----|

M

16S

 

 

End of Block

FIA

22

End of Subsequence B1 Financial Instrument Attributes

Mandatory Subsequence B2 Account Information

M

16R

 

 

Start of Block

ACCTINFO

23

O

95a

ACOW

Party

Account Owner

P or R

24

M

97A

SAFE

Account

Safekeeping Account

:4!c//35x

25

O

94a

SAFE

Place

Place of Safekeeping

B, C, or F

26

----->

O

93a

4!c

Balance

(see qualifier description)

B or C

27

-----|

M

16S

 

 

End of Block

ACCTINFO

28

End of Subsequence B2 Account Information

M

16S

 

 

End of Block

USECU

29

End of Sequence B Underlying Securities

-----> Optional Repetitive Sequence C Beneficial Owner Details

M

16R

 

 

Start of Block

BENODET

30

----->

M

95a

4!c

Party

(see qualifier description)

P, R, S, or V

31

-----|

----->

O

94C

4!c

Place

(see qualifier description)

:4!c//2!a

32

-----|

M

36B

OWND

Quantity of Financial Instrument

Quantity of Securities Owned

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

33

----->

O

22F

CETI

Indicator

Certification Type Indicator

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

34

-----|

----->

O

70E

CETI

Narrative

Certification/Breakdown Narrative

:4!c//10*35x

35

-----|

M

16S

 

 

End of Block

BENODET

36

-----| End of Sequence C Beneficial Owner Details

Mandatory Sequence D Corporate Action Instruction

M

16R

 

 

Start of Block

CAINST

37

M

13A

CAON

Number Identification

CA Option Number

:4!c//3!c

38

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

39

-----|

----->

O

11A

4!c

Currency

(see qualifier description)

:4!c//3!a

40

-----|

O

35B

 

 

Identification of the Financial Instrument

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

41

----->

O

36a

4!c

Quantity of Financial Instrument

(see qualifier description)

B or C

42

-----|

O

19B

QCAS

Amount

Instructed Amount

:4!c//3!a15d

43

O

98a

EXRQ

Date/Time

Execution Requested Date/Time

A or C

44

----->

O

92a

4!c

Rate

(see qualifier description)

A, F, or R

45

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A, B, E, F, J, or L

46

-----|

----->

O

70E

4!c

Narrative

(see qualifier description)

:4!c//10*35x

47

-----|

M

16S

 

 

End of Block

CAINST

48

End of Sequence D Corporate Action Instruction

Optional Sequence E Additional Information

M

16R

 

 

Start of Block

ADDINFO

49

----->

O

70E

4!c

Narrative

(see qualifier description)

:4!c//10*35x

50

-----|

----->

O

95a

4!c

Party

(see qualifier description)

P, Q, or R

51

-----|

M

16S

 

 

End of Block

ADDINFO

52

End of Sequence E Additional Information

MT565 Network Validated Rules

  • C1 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

  • C2 In sequence D, if field :22F::CAOP//SPLI is present, then field :70E::INST is mandatory in the same sequence.

    Sequence D

    if field :22F::CAOP//SPLI is ... (1)

    Then field :70E::INST is ...

    Present

    Mandatory (that is minimum one occurrence)

    Not present

    Optional

    (1) if Data Source Scheme is present in field :22F::CAOP//SPLI then the conditional rule does not apply.
  • C3 In subsequence B2, field :93B::ELIG 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.

    Subsequence B2

    if field :93B::ELIG is ...

    Then one occurrence of :93B::ELIG must be ...

    And the other occurrence of :93B::ELIG must be ...

    Repeated

    :93B::ELIG//FAMT and DSS must not be present

    :93B::ELIG//AMOR and DSS must not be present

    Not repeated

    Not applicable

    Not applicable

  • C4 In sequence D, field :36B::QINS 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 D

    if field :36B::QINS is ...

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

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

    Repeated

    :36B::QINS//FAMT

    :36B::QINS//AMOR

    Not repeated

    Not applicable

    Not applicable

    Note

    When used with format option C, field 36a qualifier QINS cannot be repeated.

  • C5 In sequence D, if field :36a::QINS is present, then field :19B::QCAS is not allowed and if field :36a::QINS is not present, then field :19B::QCAS is mandatory.

    Sequence D

    if field :36a::QINS is ...

    then field :19B::QCAS is ...

    Present

    Not allowed

    Not present

    Mandatory

MT565 Usage Rules

  • Sequence Financial Instrument Attribute (FIA) is intended to provide additional information regarding the terms and conditions of a securities issue. The objective of the sequence FIA is to ensure unambiguous identification of the security by the Receiver. It is recommended that the sequence FIA not be used unless required by a specific corporate action event, pursuant to a bilateral agreement, or when a valid ISIN or security identifier is not available.

  • Field 11A Currency in sequence D Corporate Action Instruction provides an instruction to the account servicer to execute a forex deal on behalf of the account owner. The purpose of the forex deal is to fund an investment decision or to repatriate proceeds at the completion of a transaction. This field is not to be used when standing instructions have been established. The use of a forex instruction implies the following:

    • the currency required for funding a purchase of securities, for example, the currency to be purchased, is indicated by the settlement currency of the transaction. The currency to be sold to obtain settlement currency is indicated by the qualifier FXIS. Normally, this will be the base currency of the portfolio.

    • the currency received as proceeds from the sale of securities, for example, the currency to be sold, is indicated within the transaction details. Therefore, the currency to be bought must be indicated by the qualifier FXIB. If proceeds are repatriated, this will be the base currency of the portfolio.

    • the amount of currency to be bought/sold is equal to the settlement amount of the transaction. Thus the forex instruction must not be used for other transactions; a bulk forex deal must be instructed by other means.

    • a forex deal to fund the purchase of securities should be executed in time for the currency to be available on the settlement date of the securities transaction. A forex deal to repatriate proceeds after the sale of securities should be executed for the soonest possible value date after settlement of the securities, as permitted by market convention.

    • a bilateral agreement regarding the use of this field has been established.

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