Skip to main content
Header logo

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

20a

4!c

Reference

(see qualifier description)

C or U

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

-----> Optional Repetitive Subsequence B2 Reason

M

16R

 

 

Start of Block

REAS

22

M

24B

4!c

Reason Code

(see qualifier description)

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

23

O

70D

REAS

Narrative

Reason Narrative

:4!c//6*35x

24

M

16S

 

 

End of Block

REAS

25

-----| End of Subsequence B2 Reason

----->

O

94a

4!c

Place

(see qualifier description)

B, H, or L

26

-----|

----->

M

98a

4!c

Date/Time

(see qualifier description)

A, B, or C

27

-----|

O

90a

DEAL

Price

Deal Price

A or B

28

O

99A

DAAC

Number Count

Number of Days Accrued

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

29

M

35B

 

 

Identification of the Financial Instrument

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

30

Optional Subsequence B3 Financial Instrument Attributes

M

16R

 

 

Start of Block

FIA

31

O

94B

PLIS

Place

Place of Listing

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

32

----->

O

22F

4!c

Indicator

(see qualifier description)

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

33

-----|

----->

O

12a

4!c

Type of Financial Instrument

(see qualifier description)

A, B, or C

34

-----|

O

11A

DENO

Currency

Currency of Denomination

:4!c//3!a

35

----->

O

98A

4!c

Date/Time

(see qualifier description)

:4!c//8!n

36

-----|

----->

O

92A

4!c

Rate

(see qualifier description)

:4!c//[N]15d

37

-----|

----->

O

13a

4!c

Number Identification

(see qualifier description)

A or B

38

-----|

----->

O

17B

4!c

Flag

(see qualifier description)

:4!c//1!a

39

-----|

----->

O

90a

4!c

Price

(see qualifier description)

A or B

40

-----|

----->

O

36B

4!c

Quantity of Financial Instrument

(see qualifier description)

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

41

-----|

----->

O

35B

 

 

Identification of the Financial Instrument

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

42

-----|

O

70E

FIAN

Narrative

Financial Instrument Attribute Narrative

:4!c//10*35x

43

M

16S

 

 

End of Block

FIA

44

End of Subsequence B3 Financial Instrument Attributes

----->

M

22a

4!c

Indicator

(see qualifier description)

F or H

45

-----|

Mandatory Subsequence B4 Financial Instrument/Account

M

16R

 

 

Start of Block

FIAC

46

M

36B

SETT

Quantity of Financial Instrument

Quantity of Financial Instrument to be Settled

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

47

O

70D

DENC

Narrative

Denomination Choice

:4!c//6*35x

48

O

97a

CASH

Account

Cash Account

A or E

49

----->

O

94a

SAFE

Place

Place of Safekeeping

B, C, F, or L

50

-----|

-----> Optional Repetitive Subsequence B4a Quantity Breakdown

M

16R

 

 

Start of Block

BREAK

51

O

13B

LOTS

Number Identification

Lot Number

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

52

O

36B

LOTS

Quantity of Financial Instrument

Quantity of Financial Instrument In The Lot

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

53

O

98a

LOTS

Date/Time

Lot Date/Time

A, C, or E

54

O

90a

LOTS

Price

Book/Lot Price

A or B

55

O

22F

PRIC

Indicator

Type of Price Indicator

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

56

M

16S

 

 

End of Block

BREAK

57

-----| End of Subsequence B4a Quantity Breakdown

M

16S

 

 

End of Block

FIAC

58

End of Subsequence B4 Financial Instrument/Account

Optional Subsequence B5 Two Leg Transaction Details

M

16R

 

 

Start of Block

REPO

59

O

98a

TERM

Date/Time

Closing Date/Time

A, B, or C

60

----->

O

22F

4!c

Indicator

(see qualifier description)

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

61

-----|

----->

O

20C

4!c

Reference

(see qualifier description)

:4!c//16x

62

-----|

----->

O

92a

4!c

Rate

(see qualifier description)

A or C

63

-----|

O

99B

CADE

Number Count

Transaction Call Delay

:4!c//3!n

64

----->

O

19A

4!c

Amount

(see qualifier description)

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

65

-----|

O

70C

SECO

Narrative

Second Leg Narrative

:4!c//4*35x

66

M

16S

 

 

End of Block

REPO

67

End of Subsequence B5 Two Leg Transaction Details

Mandatory Subsequence B6 Settlement Details

M

16R

 

 

Start of Block

SETDET

68

----->

M

22F

4!c

Indicator

(see qualifier description)

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

69

-----|

-----> Mandatory Repetitive Subsequence B6a Settlement Parties

M

16R

 

 

Start of Block

SETPRTY

70

----->

M

95a

4!c

Party

(see qualifier description)

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

71

-----|

O

97a

SAFE

Account

Safekeeping Account

A or B

72

O

98a

PROC

Date/Time

Processing Date/Time

A or C

73

O

20C

PROC

Reference

Processing Reference

:4!c//16x

74

----->

O

70a

4!c

Narrative

(see qualifier description)

C, D, or E

75

-----|

M

16S

 

 

End of Block

SETPRTY

76

-----| End of Subsequence B6a Settlement Parties

-----> Optional Repetitive Subsequence B6b Amounts

M

16R

 

 

Start of Block

AMT

77

----->

M

19A

4!c

Amount

(see qualifier description)

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

78

-----|

O

98a

VALU

Date/Time

Value Date/Time

A or C

79

O

92B

EXCH

Rate

Exchange Rate

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

80

M

16S

 

 

End of Block

AMT

81

-----| End of Subsequence B6b Amounts

M

16S

 

 

End of Block

SETDET

82

End of Subsequence B6 Settlement Details

M

16S

 

 

End of Block

ALLDET

83

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

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

M

16R

 

 

Start of Block

ADDINFO

84

----->

O

95a

4!c

Party

(see qualifier description)

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

85

-----|

M

16S

 

 

End of Block

ADDINFO

86

-----| 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 B6b Amounts is ...

    And in one occurrence of subsequence B6b Amounts 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 subsequence B6b (Amounts):

    Subsequence B6b Amounts

    :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 B6b (Amounts).

    Subsequence B6b Amounts

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

    Subsequence B6b Amounts

    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 B6a Settlement Parties

    :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 B6a (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 B6a (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 B6a Settlement Parties 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 B6a Settlement Parties field :95a::REAG

    RECE

    Must be present

  • C7 If a qualifier from the list deliverers is present in a subsequence B6a (Settlement Parties), 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 B6 (Settlement Details), the following scenarios must be validated:

    • If :95a::DEI2 is present in subsequence B6a (Settlement Parties), then :95a::DEI1 must be present in another subsequence B6a (Settlement Parties).

    • If :95a::DEI1 is present in subsequence B6a (Settlement Parties), then :95a::DECU must be present in another subsequence B6a (Settlement Parties).

    • If :95a::DECU is present in subsequence B6a (Settlement Parties), then :95a::SELL must be present in another subsequence B6a (Settlement Parties).

    If a qualifier from the list receivers is present in a subsequence B6a (Settlement Parties), 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 B6 (Settlement Details), the following scenarios must be validated:

    • If :95a::REI2 is present in subsequence B6a (Settlement Parties), then :95a::REI1 must be present in another subsequence B6a (Settlement Parties).

    • If :95a::REI1 is present in subsequence B6a (Settlement Parties), then :95a::RECU must be present in another subsequence B6a (Settlement Parties).

    • If :95a::RECU is present in subsequence B6a (Settlement Parties), then :95a::BUYR must be present in another subsequence B6a (Settlement Parties).

    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 B6a (Settlement Parties), if field :95a::PSET is present, then field :97a::SAFE is not allowed in the same subsequence.

    Subsequence B6a Settlement Parties

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

    Subsequence B6a Settlement Parties

    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 B6b (Amounts), if value date field :98a::VALU is present, then in subsequence B6 (Settlement Details) field :22F::STCO//SPST must be present, and settlement amount field :19A::SETT must be present in the same subsequence B6b (Amounts).

    In any occurrence of

    subsequence B6b Amounts

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

    Subsequence B6 Settlement Details

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

    In the same occurrence of

    subsequence B6b Amounts

    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 B4 (Financial Instrument/Account), 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 B6a (Settlement Parties), 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.