ISO 15022 Data Field Dictionary

MT568 Scope

This message is sent between an account owner and 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 bi-directional.

This message is used to provide complex instructions or narrative details relating to a corporate action event.

This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.

This message may also be used to:

  • cancel a previously sent corporate action narrative

  • re-send a corporate action narrative previously sent

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

MT568 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

O

28E

 

 

Page Number/Continuation Indicator

5n/4!c

2

----->

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

3

-----|

M

23G

 

 

Function of the Message

4!c[/4!c]

4

M

22F

CAEV

Indicator

Corporate Action Event Indicator

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

5

O

98a

PREP

Date/Time

Preparation Date/Time

A or C

6

-----> Optional Repetitive Subsequence A1 Linkages

M

16R

 

 

Start of Block

LINK

7

O

22F

LINK

Indicator

Linkage Type Indicator

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

8

O

13a

LINK

Number Identification

Linked Message

A or B

9

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

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

Optional Sequence B Underlying Securities

M

16R

 

 

Start of Block

USECU

13

O

95a

ACOW

Party

Account Owner

P or R

14

M

97a

SAFE

Account

Safekeeping Account

A or C

15

O

94a

SAFE

Place

Place of Safekeeping

B, C, or F

16

O

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

MICO

Indicator

Method of Interest Computation Indicator

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

20

O

12a

CLAS

Type of Financial Instrument

Classification Type

A 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

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

25

-----|

M

16S

 

 

End of Block

FIA

26

End of Subsequence B1 Financial Instrument Attributes

----->

O

93a

4!c

Balance

(see qualifier description)

B or C

27

-----|

M

16S

 

 

End of Block

USECU

28

End of Sequence B Underlying Securities

Mandatory Sequence C Additional Information

M

16R

 

 

Start of Block

ADDINFO

29

----->

M

70a

4!c

Narrative

(see qualifier description)

E or F

30

-----|

----->

O

95a

4!c

Party

(see qualifier description)

P, Q, or R

31

-----|

M

16S

 

 

End of Block

ADDINFO

32

End of Sequence C Additional Information

MT568 Network Validated Rules

  • C1 If the message is a replacement, an eligible balance notification or a reminder, that is, Function of the Message (field 23G) is REPL, REPE or RMDR, 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.

    If the message is a cancellation or a withdrawal that is, Function of the Message (field 23G) is respectively CANC or WITH, then subsequence A1 (Linkages) is optional in the message, and field :20C::PREV may only appear once in only one occurrence of A1; 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 ...

    REPL, REPE or RMDR

    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

    CANC or WITH

    Optional

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

    NEWM

    Optional

    Not applicable

  • C2 In sequence C Additional Information, all qualifiers of field 70a are optional, but at least one qualifier (any one) must be present.

  • C3 In sequence B, 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.

    Sequence B

    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

MT568 Usage Rules

  • This message should not be used in lieu of a structured message, that is, the MTs 564, 565, 566, or 567.

  • The 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.

  • The basic details of a proxy voting can be announced in the MT 564 Corporate Action Notification. If not all the details can be included in the MT 564, for example, the agenda of the general meeting the MT 568 can be used and should refer to the MT 564 in the linkages sequence.

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