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ISO 15022
Data Field Dictionary

MT509: (20) Field 22a: Indicator

FORMAT

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

PRESENCE

Mandatory in optional sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

BUSE

N

C3

H

Buy/Sell Indicator

2

O

PROC

R

 

F

Processing Indicator

3

O

RPOR

R

 

F

Reporting Indicator

4

O

PRIR

N

 

F

Priority Indicator

5

O

SETG

N

 

F

Settlement Instruction Generation Indicator

6

M

PAYM

N

 

H

Payment Indicator

DEFINITION

This qualified generic field specifies:

BUSE

Buy/Sell Indicator

Specifies whether the transaction relates to the sale or purchase of financial instruments.

PAYM

Payment Indicator

Specifies whether the instruction is free or against payment.

PRIR

Priority Indicator

Specifies the execution priority of the trade.

PROC

Processing Indicator

Specifies additional information relative to the processing of the trade.

RPOR

Reporting Indicator

Specifies whether the trade details must be reported to a regulatory organisation.

SETG

Settlement Instruction Generation Indicator

Specifies whether a settlement instruction must be generated by an Electronic Trade Confirmation (ETC) service provider.

CODES

In option H, if Qualifier is BUSE, Indicator must contain one of the following codes:

BUYI

Buy

Transaction is a purchase of financial instrument by the instructing party.

CROF

Cross From

Transaction is a cross from (Funds Industry).

CROT

Cross To

Transaction is a cross to (Funds Industry).

DIVR

Reinvestment of Dividend Order

Transaction is a reinvestment of dividend order (Funds Industry. Not to be used for corporate actions).

FPOO

FPO Order

Transaction is an FPO (Follow on Public Offer) bid or order.

IPOO

IPO Order

Transaction is an IPO (Initial Public Offering) bid or order.

IPPO

IPP Order

Transaction is an IPP (Institutional Placement Programme) bid or order.

REDM

Redemption

Transaction is a redemption of funds.

SELL

Sell

Transaction is a sale of financial instrument by the instructing party.

SUBS

Subscription

Transaction is a subscription to funds.

SWIF

Switch From

Transaction is a change of an investment from one sub-fund to another sub-fund (redemption-leg).

SWIT

Switch To

Transaction is a change of an investment from one sub-fund to another sub-fund (subscription-leg).

CODES

In option F, if Qualifier is PROC and Data Source Scheme is not present, Indicator must contain one of the following codes:

CLOP

Close Position

Trade is to close a position.

OPEP

Open Position

Trade is to open a position.

CODES

In option F, if Qualifier is RPOR and Data Source Scheme is not present, Indicator must contain one of the following codes:

EXCH

Stock Exchange

Trade details are to be reported to a stock exchange. This stock exchange is identified in the Other Parties sequence.

TRRE

Trade Details Reported

Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in the Other Parties sequence.

CODES

In option F, if Qualifier is SETG and Data Source Scheme is not present, Indicator must contain one of the following codes:

GENS

Instruction Generation by ETC Provider

Specifies if the ETC service provider is to generate a settlement instruction.

NOGE

Not Instruction Generation by ETC Provider

Specifies if the ETC service provider is not to generate a settlement instruction where a previous agreement to do so exists.

CODES

In option H, if Qualifier is PAYM, Indicator must contain one of the following codes:

APMT

Against Payment

Against payment.

FREE

Free

Free.

CODES

If Qualifier is PRIR and Data Source Scheme is not present, Indicator must contain a numerical value in the range 0001 - 9999 where 0001 refers to the highest priority.

USAGE RULES

The qualifier BUSE, with codes SUBS, DIVR, REDM, CROF, CROT, SWIF and SWIT must only be used by institutions that are members of the Funds Closed User Group (CUG). Institutions that are not members of the Funds CUG and that send the MT 509 with any of the above codes will receive a NAK with error code G26.

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