ISO 15022 Data Field Dictionary

MT586 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.

It is used to provide, as at a specified time, details of pending settlement allegements, for all or selected securities in a specified safekeeping account.

 

When bilaterally agreed, this message may also be sent by an account servicer to another account servicer. The account servicers may be local agents or global custodians acting on behalf of an investment management institution, a broker/dealer or a retail client.

Sent with subfunction :23G::NEWM/PORT, it is used for the exchange of settlement details information during a retail or institutional client portfolio transfer. By exchange of settlement details, it is understood the providing, by the delivering account servicer to the receiving account servicer, of the settlement details (trade date, settlement date, delivering parties, and place of settlement) of the individual transfers that will take place during a full or partial portfolio transfer.

This message may also be used to respond to a request for statement/status advice (that is, the MT 549) and to report that there are pending settlement allegements.

MT586 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

28E

 

 

Page Number/Continuation Indicator

5n/4!c

2

O

13a

STAT

Number Identification

Statement Number

A or J

3

M

20C

SEME

Reference

Sender's Message Reference

:4!c//16x

4

M

23G

 

 

Function of the Message

4!c[/4!c]

5

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, C, or E

6

-----|

----->

O

22F

4!c

Indicator

(see qualifier description)

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

7

-----|

-----> Optional Repetitive Subsequence A1 Linkages

M

16R

 

 

Start of Block

LINK

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

----->

O

95a

4!c

Party

(see qualifier description)

L, P, Q, or R

12

-----|

M

97a

SAFE

Account

Safekeeping Account

A or B

13

M

17B

ACTI

Flag

Activity Flag

:4!c//1!a

14

M

16S

 

 

End of Block

GENL

15

End of Sequence A General Information

-----> Optional Repetitive Sequence B Allegement Details

M

16R

 

 

Start of Block

ALLDET

16

-----> Optional Repetitive Subsequence B1 Linkages

M

16R

 

 

Start of Block

LINK

17

O

13a

LINK

Number Identification

Linked Message

A or B

18

M

20C

4!c

Reference

(see qualifier description)

:4!c//16x

19

M

16S

 

 

End of Block

LINK

20

-----| End of Subsequence B1 Linkages

O

25D

ALLE

Status Code

Allegement Status

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

21

----->

O

94a

4!c

Place

(see qualifier description)

B, H, or L

22

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

23

-----|

O

90a

DEAL

Price

Deal Price

A or B

24

O

99A

DAAC

Number Count

Number of Days Accrued

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

25

M

35B

 

 

Identification of the Financial Instrument

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

26

Optional Subsequence B2 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

27

O

94B

PLIS

Place

Place of Listing

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

28

----->

O

22F

4!c

Indicator

(see qualifier description)

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

29

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

30

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

31

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

32

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

33

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

34

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

35

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

36

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

37

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

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

38

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

39

M

16S

 

 

End of Block

FIA

40

End of Subsequence B2 Financial Instrument Attributes

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

41

-----|

Mandatory Subsequence B3 Financial Instrument/Account

M

16R

 

 

Start of Block

FIAC

42

M

36B

SETT

Quantity of Financial Instrument

Quantity of Financial Instrument to be Settled

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

43

O

70D

DENC

Narrative

Denomination Choice

:4!c//6*35x

44

O

97a

CASH

Account

Cash Account

A or E

45

----->

O

94a

SAFE

Place

Place of Safekeeping

B, C, F, or L

46

-----|

-----> Optional Repetitive Subsequence B3a Quantity Breakdown

M

16R

 

 

Start of Block

BREAK

47

O

13B

LOTS

Number Identification

Lot Number

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

48

O

36B

LOTS

Quantity of Financial Instrument

Quantity of Financial Instrument In The Lot

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

49

O

98a

LOTS

Date/Time

Lot Date/Time

A, C, or E

50

O

90a

LOTS

Price

Book/Lot Price

A or B

51

O

22F

PRIC

Indicator

Type of Price Indicator

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

52

M

16S

 

 

End of Block

BREAK

53

-----| End of Subsequence B3a Quantity Breakdown

M

16S

 

 

End of Block

FIAC

54

End of Subsequence B3 Financial Instrument/Account

Optional Subsequence B4 Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

55

O

98a

TERM

Date/Time

Closing Date/Time

A, B, or C

56

----->

O

22F

4!c

Indicator

(see qualifier description)

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

57

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

58

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

59

-----|

O

99B

CADE

Number Count

Transaction Call Delay

:4!c//3!n

60

----->

O

19A

4!c

Amount

(see qualifier description)

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

61

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

62

M

16S

 

 

End of Block

REPO

63

End of Subsequence B4 Two Leg Transaction Details

Mandatory Subsequence B5 Settlement Details

M

16R

 

 

Start of Block

SETDET

64

----->

M

22F

4!c

Indicator

(see qualifier description)

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

65

-----|

-----> Mandatory Repetitive Subsequence B5a Settlement Parties

M

16R

 

 

Start of Block

SETPRTY

66

----->

M

95a

4!c

Party

(see qualifier description)

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

67

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

68

O

98a

PROC

Date/Time

Processing Date/Time

A or C

69

O

20C

PROC

Reference

Processing Reference

:4!c//16x

70

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

71

-----|

M

16S

 

 

End of Block

SETPRTY

72

-----| End of Subsequence B5a Settlement Parties

-----> Optional Repetitive Subsequence B5b Amounts

M

16R

 

 

Start of Block

AMT

73

----->

M

19A

4!c

Amount

(see qualifier description)

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

74

-----|

O

98a

VALU

Date/Time

Value Date/Time

A or C

75

O

92B

EXCH

Rate

Exchange Rate

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

76

M

16S

 

 

End of Block

AMT

77

-----| End of Subsequence B5b Amounts

M

16S

 

 

End of Block

SETDET

78

End of Subsequence B5 Settlement Details

M

16S

 

 

End of Block

ALLDET

79

-----| End of Sequence B Allegement Details

-----> Optional Repetitive Sequence C Additional Information

M

16R

 

 

Start of Block

ADDINFO

80

----->

O

95a

4!c

Party

(see qualifier description)

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

81

-----|

M

16S

 

 

End of Block

ADDINFO

82

-----| End of Sequence C Additional Information

MT586 Network Validated Rules

  • C1 If the activity flag (field :17B:ACTI) in sequence A General Information is N, then sequence B must not be present. Otherwise, sequence B is mandatory.

    Sequence A

    if field :17B::ACTI is ...

    Sequence B is ...

    N

    Not allowed

    Y

    Mandatory

  • C2 If the instruction is against payment (:22H::PAYM//APMT) then it is mandatory to specify a Settlement Amount (field :19A::SETT). This rule applies to sequence B.

    Sequence B

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

    Then subsequence B5b is ...

    And in one occurrence of subsequence B5b field :19A::SETT

    APMT

    Mandatory

    Mandatory

    Not equal to APMT

    Optional

    Optional

  • C3 Within each occurrence of sequence B the following amount fields cannot appear in more than one occurrence of the amounts subsequence B5b:

    Subsequence B5b

    :19A::ACRU

    :19A::CHAR

    :19A::DEAL

    :19A::EXEC

    :19A::LOCL

    :19A::LOCO

    :19A::OTHR

    :19A::SETT

    :19A::STAM

    :19A::TRAX

    :19A::WITH

    :19A::COAX

  • C4 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 B5b.

    Subsequence B5b

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

    Subsequence B5b

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

    Present

    Mandatory

    Not present

    Not allowed

  • C5 The following party fields cannot appear more than once in the same occurrence of sequence B:

    Subsequence B5a

    :95a::BUYR

    :95a::DEAG

    :95a::DECU

    :95a::DEI1

    :95a::DEI2

    :95a::PSET

    :95a::REAG

    :95a::RECU

    :95a::REI1

    :95a::REI2

    :95a::SELL

  • C6 Within each occurrence of sequence B, if the allegement is a delivery (:22H::REDE//DELI in sequence B), then it is mandatory to specify a delivering agent: one occurrence of subsequence B5a Settlement Parties must contain party field :95a::DEAG.

    Within each occurrence of sequence B, if the allegement is a receipt (:22H::REDE//RECE in sequence B), then it is mandatory to specify a Receiving Agent: One occurrence of subsequence B5a Settlement Parties must contain party field :95a::REAG.

    Sequence B

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

    Then in the same occurrence of sequence B, in one occurrence of sequence B5a field :95a::DEAG

    DELI

    Must be present

    Sequence B

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

    Then in the same occurrence of sequence B, in one occurrence of sequence B5a field :95a::REAG

    RECE

    Must be present

  • C7 If a qualifier from the list deliverers is present in a subsequence B5a, 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 subsequence B5, the following scenarios must be validated:

    • If :95a::DEI2 is present in subsequence B5a, then :95a::DEI1 must be present in another subsequence B5a.

    • If :95a::DEI1 is present in subsequence B5a, then :95a::DECU must be present in another subsequence B5a.

    • If :95a::DECU is present in subsequence B5a, then :95a::SELL must be present in another subsequence B5a.

    If a qualifier from the list receivers is present in a subsequence B5a, 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 subsequence B5, the following scenarios must be validated:

    • If :95a::REI2 is present in subsequence B5a, then :95a::REI1 must be present in another subsequence B5a.

    • If :95a::REI1 is present in subsequence B5a, then :95a::RECU must be present in another subsequence B5a.

    • If :95a::RECU is present in subsequence B5a, then :95a::BUYR must be present in another subsequence B5a.

    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)

  • C8 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

  • C9 In subsequence B5a, if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence.

    Subsequence B5a

    if field :95a::PSET is ...

    Subsequence B5a

    then field :97a::SAFE is ...

    Present

    Not allowed within the same occurrence

    Not present

    Optional

  • C10 A value date must only be provided for cash/securities split settlement. That is, in any occurrence of subsequence B5b, if value date field :98a::VALU is present, then in subsequence B5 field :22F::STCO//SPST must be present, and settlement amount field :19A::SETT must be present in the same subsequence B5b.

    In any occurrence of

    subsequence B5b

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

    Subsequence B5

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

    In the same occurrence of

    subsequence B5b

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

    Present

    Mandatory

    Mandatory

    Not present

    Optional

    Optional

  • C11 In sequence A, if field :95L::ALTE is present, then field :95a::ACOW must be present.

  • C12 In each occurrence of 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 each occurrence of 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 subsequence B3, 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 B5a, 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 C, 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).

  • C13 In each occurrence of sequence C, 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.

  • C14 In sequence A, if Subfunction in field 23G is PORT, then field 95Q is optional, otherwise it is not allowed.

    Sequence A

    if Subfunction in field 23G is ...

    Sequence A

    then field 95Q is ...

    PORT

    Optional

    Any other value

    Not allowed

MT586 Usage Rules

  • The frequency of the statement must be bilaterally agreed between the account servicer and the account owner.

  • The statement can be sent reflecting all outstanding holding information or may contain only changes since the latest statement sent.

  • Since a SWIFT message as sent is restricted to the maximum input message length, several messages may be needed to accommodate all the information.

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