ISO 15022 Data Field Dictionary

Note

The use of this message type requires Message User Group (MUG) registration.

MT569 Scope

This message is sent by a triparty agent to both the collateral giver and the collateral taker or to an account servicer, who manage the account at the triparty agent on behalf of a trading party, in the following circumstances:

  • after all collateral movements have been affected (after settlement-initiated) to show the end (fixed) positions (current status) or,

  • taking into account all collateral management instructions (including pending initiation and/or initiated.

This message is sent to provide the details of the valuation of both the collateral and the exposure.

MT569 Format Specifications

The statement contains four sequences:

  • Sequence A General Information provides general information, that is, the function of the message, the identification of the statement, the references of the linked messages, the identification of the parties, the safekeeping account.

  • Sequence B Overall Summary contains the global collateral status of all transactions covered in the message, in the reporting currency, that is, the total of the exposure amount, of the posted collateral, of the margin amounts, of the accrued interest, of the fees or commissions and of the principals. In addition, it provides collateral-specific information.

  • Sequence C Summary by Exposure Type contains information per exposure type which could be further broken down to counterparty level, in the reporting currency. Detailed list of transactions could be displayed per counterparty. In addition to the transaction details, it also contains valuation details followed by securities details.

  • Sequence D Additional Information contains exposure and collateral value per page and party information.

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

28E

 

 

Page Number/Continuation Indicator

5n/4!c

2

O

13A

STAT

Number Identification

Statement Number

:4!c//3!c

3

M

20C

SEME

Reference

Sender's Message Reference

:4!c//16x

4

M

23G

 

 

Function of the Message

4!c[/4!c]

5

O

98a

PREP

Date/Time

Preparation Date/Time

A, C, or E

6

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

7

-----|

-----> Optional Repetitive Subsequence A1 Collateral Parties

M

16R

 

 

Start of Block

COLLPRTY

8

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, or R

9

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

10

M

16S

 

 

End of Block

COLLPRTY

11

-----| End of Subsequence A1 Collateral Parties

-----> Optional Repetitive Subsequence A2 Linkages

M

16R

 

 

Start of Block

LINK

12

O

13a

LINK

Number Identification

Linked Message

A or B

13

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

14

M

16S

 

 

End of Block

LINK

15

-----| End of Subsequence A2 Linkages

M

16S

 

 

End of Block

GENL

16

End of Sequence A General Information

Mandatory Sequence B Overall Summary

M

16R

 

 

Start of Block

SUMM

17

----->

M

19A

4!c

Amount

(see qualifier description)

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

18

-----|

O

92A

MARG

Rate

Margin

:4!c//[N]15d

19

O

25D

GCST

Status Code

Global Collateral Status

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

20

M

98a

VALN

Date/Time

Valuation Date/Time

A or C

21

O

70E

COLL

Narrative

Collateral Narrative

:4!c//10*35x

22

M

16S

 

 

End of Block

SUMM

23

End of Sequence B Overall Summary

-----> Mandatory Repetitive Sequence C Summary by Exposure Type

M

16R

 

 

Start of Block

SUME

24

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

25

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

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

26

-----|

O

92A

MARG

Rate

Margin

:4!c//[N]15d

27

O

25D

GETS

Status Code

Global Exposure Type Status

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

28

-----> Optional Repetitive Subsequence C1 Summary by Counterparty

M

16R

 

 

Start of Block

SUMC

29

----->

O

13B

4!c

Number Identification

(see qualifier description)

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

30

-----|

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, or R

31

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

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

32

-----|

O

92A

MARG

Rate

Margin

:4!c//[N]15d

33

O

25D

GCOS

Status Code

Global Counterparty Status

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

34

-----> Mandatory Repetitive Subsequence C1a Transaction Details

M

16R

 

 

Start of Block

TRANSDET

35

----->

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

36

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

37

-----|

----->

M

19A

4!c

Amount

(see qualifier description)

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

38

-----|

----->

O

22F

4!c

Indicator

(see qualifier description)

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

39

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

40

-----|

----->

O

25D

4!c

Status Code

(see qualifier description)

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

41

-----|

-----> Optional Repetitive Subsequence C1a1 Valuation Details

M

16R

 

 

Start of Block

VALDET

42

----->

M

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

43

-----|

O

98a

SETT

Date/Time

Settlement Date/Time

A or C

44

----->

M

19A

4!c

Amount

(see qualifier description)

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

45

-----|

----->

M

92a

4!c

Rate

(see qualifier description)

A or B

46

-----|

----->

O

99a

4!c

Number Count

(see qualifier description)

A or B

47

-----|

O

22F

MICO

Indicator

Method of Interest Computation Indicator

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

48

-----> Optional Repetitive Subsequence C1a1A Securities Details

M

16R

 

 

Start of Block

SECDET

49

M

35B

 

 

Identification of Financial Instrument

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

50

M

36B

SECV

Quantity of Financial Instrument

Quantity of Securities Valued

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

51

----->

O

95a

4!c

Party

(see qualifier description)

L, P, Q, or R

52

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

53

O

25D

SETT

Status Code

Settlement Status

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

54

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

55

O

90a

MRKT

Price

Market Price

A or B

56

----->

O

94B

4!c

Place

(see qualifier description)

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

57

-----|

O

70C

RATS

Narrative

Rating Narrative

:4!c//4*35x

58

M

16S

 

 

End of Block

SECDET

59

-----| End of Subsequence C1a1A Securities Details

M

16S

 

 

End of Block

VALDET

60

-----| End of Subsequence C1a1 Valuation Details

M

16S

 

 

End of Block

TRANSDET

61

-----| End of Subsequence C1a Transaction Details

M

16S

 

 

End of Block

SUMC

62

-----| End of Subsequence C1 Summary by Counterparty

M

16S

 

 

End of Block

SUME

63

-----| End of Sequence C Summary by Exposure Type

-----> Optional Repetitive Sequence D Additional Information

M

16R

 

 

Start of Block

ADDINFO

64

----->

O

19A

4!c

Amount

(see qualifier description)

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

65

-----|

----->

O

95a

4!c

Party

(see qualifier description)

P, Q, or R

66

-----|

M

16S

 

 

End of Block

ADDINFO

67

-----| End of Sequence D Additional Information

MT569 Network Validated Rules

  • C1 In each occurrence of subsequence C1a1, the presence of subsequence C1a1A depends on the value of field :17B::SECU//<Flag> as follows:

    In each occurrence of subsequence C1a1

    if field :17B::SECU//1!a is ...

    In the same occurrence of subsequence C1a1

    then subsequence C1a1A is ...

    Y

    Mandatory

    N

    Not allowed

  • C2 In each occurrence of subsequence C1a1, the presence of field :98a::SETT depends on the value of field :17B::COLL as follows:

    In each occurrence of subsequence C1a1

    if field :17B::COLL is ...

    In the same occurrence of subsequence C1a1

    then field :98a::SETT is ...

    Y

    Mandatory

    N

    Not allowed

  • C3 In each occurrence of subsequence C1a1A, the presence of field :70C::RATS depends on the presence of field :94B::RATS as follows:

    In each occurrence of subsequence C1a1A

    if field :94B::RATS is ...

    In the same occurrence of subsequence C1a1A

    then field :70C::RATS is ...

    Present

    Mandatory

    Not present

    Not allowed

  • C4 If the message is a cancellation, that is, Function of the Message (field 23G) is CANC, then subsequence A2 (Linkages) must be present at least once in the message, and in one and only one occurrence of A2, field :20C::PREV must be present; consequently, in all other occurrences of A2, field :20C::PREV is not allowed.

    Sequence A

    if field :23G: is ...

    Then subsequence A2 is ...

    And field :20C::PREV is ...

    CANC

    Mandatory (minimum one occurrence of A2 must be present)

    Mandatory in one occurrence of subsequence A2, and not allowed in all other occurrences of subsequence A2

    NEWM

    Optional

    Not applicable

  • C5 In each occurrence of subsequence C1a1A, if field :95L::ALTE is present, then field :95a::ACOW must be present.

MT569 Usage Rules

Triparty Scenario's

The triparty collateral management service is used by two trading parties at the agreement of a business transaction (for example, a repo, a securities loan, ... ) when they want to secure the transaction with collateral. The management of this collateral (that is, agreeing on quantity and type, marking to market, ... ) is done by a third party, the triparty collateral manager.

Before starting to use these services, the three parties will first sign a contract in which they stipulate the rules of the agreement.

There are three types of triparty collateral management:

  1. collateral management without settlement,

  2. collateral management with settlement of the collateral on the books of the agent,

  3. collateral management with external settlement.

In the first scenario the triparty agent will calculate the necessary quantity of collateral and instruct the trading parties on which movements need to occur. For example, party A and party B closed a repo deal for 1,000,000 USD. They inform the triparty agent of the deal details. The agent will then calculate which pieces of collateral need to be moved to cover the 1,000,000 USD exposure and will inform the trading parties. Parties A and B then settle the movements as instructed by the agent.

In the second scenario the triparty agent will also execute the settlement. By servicing a safekeeping account for both parties, the agent will not only calculate the necessary movements but will also settle them internally on its books.

The third scenario is only a slight deviation from the second one. In this case the agent has the authority to move securities from party A's and B's safekeeping accounts with their respective subcustodians.

Tri-party Definitions

Collateral Management Transaction

The triparty agent will create this transaction on receipt of the deal information from the two trading parties. For example, when party A and B have agreed on a securities loan and have reported this information to the triparty agent, the agent will create a collateral management transaction to manage this securities loan on its internal systems.

A transaction is created, can be changed and is terminated.

Collateral Management Instruction

The trading parties will request the triparty manager to perform certain instructions on the collateral management transaction. An instruction can be to initiate a transaction, modify the terms of a transaction, or close a transaction (non-exhaustive list of instructions). The triparty agent will send feedback on the requested instruction.

Lifecycle of Collateral Management Transaction

When a transaction is initiated, agreed on by both parties, accepted and declared valid by the triparty agent, the lifecycle of the transaction starts. The transaction will normally last as long as the underlying deal. At the end of its lifecycle a transaction is closed.

Lifecycle of Collateral Management Instruction

The lifecycle of a collateral management instruction starts when the user of the triparty service sends an instruction message. At receipt of the instruction message, the triparty agent will process the instruction and assign a status (that is, valid or rejected). At each step in the lifecycle of an instruction a different status will be assigned. For example, an instruction can be valid for processing or rejected because it is incorrect. If an instruction needs to be matched (for example, two initiation- instructions from party A and B need to match) it can have a status matched or unmatched. Other statuses describe the sufficiency or eligibility of the collateral.

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