ISO 15022 Data Field Dictionary

MT578 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 advise the account owner that a counterparty has alleged an instruction against account owner's account at the account servicer and the account servicer could not find the corresponding instruction of the account owner (the function of the message is NEWM).

MT578 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

-----> Optional Repetitive Subsequence A1 Linkages

M

16R

 

 

Start of Block

LINK

5

O

22F

LINK

Indicator

Linkage Type Indicator

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

6

O

13a

LINK

Number Identification

Linked Message

A or B

7

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

8

M

16S

 

 

End of Block

LINK

9

-----| End of Subsequence A1 Linkages

M

16S

 

 

End of Block

GENL

10

End of Sequence A General Information

Mandatory Sequence B Trade Details

M

16R

 

 

Start of Block

TRADDET

11

----->

O

94a

4!c

Place

(see qualifier description)

B, H, or L

12

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

13

-----|

O

90a

DEAL

Price

Deal Price

A or B

14

O

99A

DAAC

Number Count

Number of Days Accrued

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

15

M

35B

 

 

Identification of the Financial Instrument

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

16

Optional Subsequence B1 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

17

O

94B

PLIS

Place

Place of Listing

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

18

----->

O

22F

4!c

Indicator

(see qualifier description)

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

19

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

20

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

21

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

22

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

23

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

24

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

25

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

26

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

27

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

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

28

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

29

M

16S

 

 

End of Block

FIA

30

End of Subsequence B1 Financial Instrument Attributes

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

31

-----|

M

16S

 

 

End of Block

TRADDET

32

End of Sequence B Trade Details

Mandatory Sequence C Financial Instrument/Account

M

16R

 

 

Start of Block

FIAC

33

M

36B

SETT

Quantity of Financial Instrument

Quantity of Financial Instrument to be Settled

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

34

O

70D

DENC

Narrative

Denomination Choice

:4!c//6*35x

35

----->

O

95a

4!c

Party

(see qualifier description)

L, P, or R

36

-----|

----->

M

97a

4!c

Account

(see qualifier description)

A, B, or E

37

-----|

----->

O

94a

SAFE

Place

Place of Safekeeping

B, C, F, or L

38

-----|

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

M

16R

 

 

Start of Block

BREAK

39

O

13B

LOTS

Number Identification

Lot Number

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

40

O

36B

LOTS

Quantity of Financial Instrument

Quantity of Financial Instrument In The Lot

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

41

O

98a

LOTS

Date/Time

Lot Date/Time

A, C, or E

42

O

90a

LOTS

Price

Book/Lot Price

A or B

43

O

22F

PRIC

Indicator

Type of Price Indicator

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

44

M

16S

 

 

End of Block

BREAK

45

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

M

16S

 

 

End of Block

FIAC

46

End of Sequence C Financial Instrument/Account

Optional Sequence D Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

47

O

98a

TERM

Date/Time

Closing Date/Time

A, B, or C

48

----->

O

22F

4!c

Indicator

(see qualifier description)

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

49

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

50

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

51

-----|

O

99B

CADE

Number Count

Transaction Call Delay

:4!c//3!n

52

----->

O

19A

4!c

Amount

(see qualifier description)

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

53

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

54

M

16S

 

 

End of Block

REPO

55

End of Sequence D Two Leg Transaction Details

Mandatory Sequence E Settlement Details

M

16R

 

 

Start of Block

SETDET

56

----->

M

22F

4!c

Indicator

(see qualifier description)

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

57

-----|

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

M

16R

 

 

Start of Block

SETPRTY

58

----->

M

95a

4!c

Party

(see qualifier description)

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

59

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

60

O

98a

PROC

Date/Time

Processing Date/Time

A or C

61

O

20C

PROC

Reference

Processing Reference

:4!c//16x

62

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

63

-----|

M

16S

 

 

End of Block

SETPRTY

64

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

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

M

16R

 

 

Start of Block

CSHPRTY

65

----->

M

95a

4!c

Party

(see qualifier description)

L, P, Q, R, or S

66

-----|

----->

O

97a

4!c

Account

(see qualifier description)

A or E

67

-----|

----->

O

70a

4!c

Narrative

(see qualifier description)

C or E

68

-----|

M

16S

 

 

End of Block

CSHPRTY

69

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

-----> Optional Repetitive Subsequence E3 Amounts

M

16R

 

 

Start of Block

AMT

70

----->

M

19A

4!c

Amount

(see qualifier description)

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

71

-----|

O

98a

VALU

Date/Time

Value Date/Time

A or C

72

O

92B

EXCH

Rate

Exchange Rate

:4!c//3!a/3!a/15d

73

M

16S

 

 

End of Block

AMT

74

-----| End of Subsequence E3 Amounts

M

16S

 

 

End of Block

SETDET

75

End of Sequence E Settlement Details

-----> Optional Repetitive Sequence F Additional Information

M

16R

 

 

Start of Block

ADDINFO

76

----->

O

95a

4!c

Party

(see qualifier description)

C, L, P, Q, or R

77

-----|

M

16S

 

 

End of Block

ADDINFO

78

-----| End of Sequence F Additional Information

MT578 Network Validated Rules

  • C1 The following amount fields cannot appear in more than one occurrence of subsequence E3 Amounts:

    Subsequence E3

    :19A::ACRU

    :19A::CHAR

    :19A::DEAL

    :19A::EXEC

    :19A::LOCL

    :19A::LOCO

    :19A::OTHR

    :19A::SETT

    :19A::STAM

    :19A::TRAX

    :19A::WITH

    :19A::COAX

  • C2 If the alleged instruction is against payment (:22H::PAYM//APMT in sequence B) then it is mandatory to specify a settlement amount: one occurrence of subsequence E3 Amounts must contain amount field :19A::SETT.

    Sequence B

    if field :22H::PAYM is ...

    Then subsequence E3 is ...

    And in one occurrence of subsequence E3 :19A::SETT is ...

    APMT

    Mandatory

    Mandatory

    Not equal to APMT

    Optional

    Optional

  • C3 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 within each occurrence of subsequence E3.

    Subsequence E3

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

    Subsequence E3

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

    Present

    Mandatory

    Not present

    Not allowed

  • C4 The following party fields cannot appear more than once in a message:

    Subsequence E1

    Subsequence E2

    :95a::BUYR

    :95a::ACCW

    :95a::DEAG

    :95a::BENM

    :95a::DECU

    :95a::PAYE

    :95a::DEI1

    :95a::DEBT

    :95a::DEI2

    :95a::INTM

    :95a::PSET

    :95a::REAG

    :95a::RECU

    :95a::REI1

    :95a::REI2

    :95a::SELL

  • C5 If the alleged instruction is a Delivery (:22H::REDE//DELI in sequence B) then it is mandatory to specify a delivering agent: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::DEAG.

    If the alleged instruction is a Receipt (:22H::REDE//RECE in sequence B) then it is mandatory to specify a receiving agent: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::REAG.

    Sequence B

    if field :22H::REDE is ...

    Then in one occurrence of subsequence E1 field :95a::DEAG is ...

    DELI

    Mandatory

    Sequence B

    if field :22H::REDE is ...

    Then in one occurrence of subsequence E1 field :95a::REAG is ...

    RECE

    Mandatory

  • C6 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)

  • C7 If the message is a cancellation or a removal, that is, Function of the Message (field 23G) is CANC or REMO, 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 or REMO

    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

  • C8 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

  • C9 A value date must only be provided for cash/securities split settlement. That is, in any occurrence of subsequence E3, if value date field :98a::VALU is present, then in sequence E field :22F::STCO//SPST must be present, and settlement amount field :19A::SETT must be present in the same subsequence E3.

    In any occurrence of

    subsequence E3

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

    Sequence E

    then field :22F::STCO//SPST with DSS not present is ...

    In the same occurrence of

    subsequence E3

    and field :19A::SETT is ...

    Present

    Mandatory

    Mandatory

    Not present

    Optional

    Optional

  • C10 In sequence C, if field :95L::ALTE is present, then field :95a::ACOW must be present.

  • C11 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).

  • C12 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.

MT578 Usage Rules

  • This message should not be used to report postings, for example, free receipts requiring no instruction, to the account owner's account.

  • When the account owner receives a settlement allegement, he must send the matching settlement instruction if he wants settlement to occur.

  • Where the account owner finds the settlement allegement incorrect, for example, his counterparty made a mistake or the instruction is not his, the settlement allegement should be ignored.

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