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ISO 15022
Data Field Dictionary

MT507: (37) Field 22F: Indicator: Settlement Transaction Condition Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

PRESENCE

Optional in conditional (see rule C11) subsequence B1b

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

STCO

N

C8

F

Settlement Transaction Condition Indicator

DEFINITION

This qualified generic field specifies:

STCO

Settlement Transaction Condition Indicator

Specifies the conditions under which the collateral is to be settled.

CODES

If Data Source Scheme is not present, Indicator must contain the following code:

NSSP

Standing Settlement Parties Override

Standing settlement parties have to be overridden.