ISO 15022 Data Field Dictionary

MT518: (18) 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 mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

BUSE

N

 

H

Buy/Sell Indicator

2

O

MPLE

N

 

F

Maximum Price Level Indicator

3

O

PRIC

N

 

F

Type of Price Indicator

4

O

PROC

N

 

F

Processing Indicator

5

O

RPOR

R

 

F

Reporting Indicator

6

O

PRIR

N

 

F

Priority Indicator

7

O

SETG

N

 

F

Settlement Instruction Generation Indicator

8

O

TTCO

R

 

F

Trade Transaction Condition Indicator

9

O

COST

N

 

F

Commission Type Indicator

10

M

PAYM

N

 

H

Payment Indicator

11

O

CATB

N

 

F

Charges/Tax Basis Indicator

12

O

TRCN

R

 

F

Trade Regulatory Conditions Indicator

DEFINITION

This qualified generic field specifies:

BUSE

Buy/Sell Indicator

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

CATB

Charges/Tax Basis Indicator

Specifies the method used to calculate a charge/tax.

COST

Commission Type Indicator

Specifies the commission sharing type under which the order is to be executed.

MPLE

Maximum Price Level Indicator

Allows an order to specify a maximum number of price levels to trade through.

PAYM

Payment Indicator

Specifies whether the instruction is free or against payment.

PRIC

Type of Price Indicator

Specifies the type of transaction price.

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

Indicates information with regards to reporting.

SETG

Settlement Instruction Generation Indicator

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

TRCN

Trade Regulatory Conditions Indicator

Specifies the trade regulatory conditions, for example, in the US under SEC regulation 10.b.10.

TTCO

Trade Transaction Condition Indicator

Specifies the conditions under which the order/trade was executed.

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.

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.

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.

SWIT

Switch To

Transaction is a change of an investment from one sub-fund to another sub-fund.

CODES

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

AVER

Average Execution Price

Price is an average execution price.

AVOV

Override of the Average Price

Price is an override of the average price.

COMB

Combined Expenses

Price is a combined expenses price (used in the UK market).

GREX

Gross Execution Price

Price is an all inclusive price, that is, including all charges, fees and taxes.

NDIS

Net to Client Disclosed

Price is net to the client disclosed (used in the UK market).

NET1

Net Price 1

Price is a net price, that is, net of all charges, taxes, or fees.

NET2

Net Price 2

Price is a net price, that is, net only of local broker's commission, local fees, or local taxes.

NOGR

Notional Gross

Price is notional gross (used in the UK market).

NUND

Net to Client Undisclosed

Price is net to the client undisclosed (used in the UK market).

PARV

Par Value

Price is a par value or equal to the nominal or face value of the instrument.

RDAV

Rounded Average Price

Price is a rounded average price.

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:

DEFR

Deferred Report

The report is deferred, for example, because the order was executed in partial fills.

EXCH

Stock Exchange

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

TRRE

Trade Details Reported

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

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

BCBL

Board Lots

Trade is to be executed on board lots; not set for odd lots (UK specific).

BCBN

Bad Names

Trade is to be executed on bad names, not set for good names (UK specific).

BCFD

Form of Delivery

Not for foreign registration when unset (UK specific).

BCPD

Place of Delivery

In country of incorporation when unset (UK specific).

BCRO

Result of Option When Set

Result of option when set (UK specific).

BCRP

Result of Repo When Set

Result of repo when set (UK specific).

BLKO

Block Order

Trade is a block trade, allocation instructions will follow.

BTEX

Best Execution

Trade was executed at best execution.

BTMI

Bought Minus

Bought minus indicator.

CALL

Call

Trade executed following the exercise of a call option on the security.

CBNS

Cum Bonus

Trade is executed cum bonus.

CCPN

Cum Coupon

Trade is executed cum coupon.

CDIV

Cum Dividend

Trade is executed cum dividend.

CLBR

Closure Before Rollover

Trade executed for closure of a previous position before the rollover of a position (Deferred Settlement Service).

CLEN

Clean

Trade is to be executed clean, that is, does not pay government tax on the accrued interest on the bond, and consequently price is higher.

CRST

Cross Trade Allowed

Cross trades are allowed whereby buy and sell orders are offset without recording the trade on the exchange.

CRTS

Cum Rights

Trade is executed cum rights.

CWAR

Cum Warrants

Trade is executed cum warrants.

DIOR

Directed Order

Trade is executed with a specific trading party.

DIRT

Dirty

Trade is executed dirty, that is, pay government tax on the accrued interest of the bond.

DORD

Direct Order

Trade is executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.

FORW

Forward Price

Trade is based on forward price. Price was calculated after the close of the dealing period.

FRAC

Fractional Parts Allowed

Fractional parts allowed.

GTDL

Guaranteed Delivery

Delivery of the financial instrument on settlement date is guaranteed.

HIST

Historic Price

Trade is based on historic price.

MAPR

Market Price

The trade was executed at market price.

MONT

Monthly

Trade executed for month-end settlement (Deferred Settlement Service).

NBFR

New Trade Following Rollover

Trade executed for a new trade position on the next month following the rollover of a position (Deferred Settlement Service).

NCRS

No Cross Trade Allowed

No cross trade allowed.

NEGO

Negotiated Trade

A negotiated trade is a trade for which the price is not the one quoted but an improved one that is, negotiated price.

NMPR

Non-Market Price

The trade was executed outside of normal market conditions (for example, in the case of an iceberg order).

PETA

PreTrade Anonymity

Allows trader to explicitly request anonymity or disclosure in pre-trade market data feeds. Anonymity is relevant in markets where counterparties are regularly disclosed in order depth feeds. Disclosure is relevant when counterparties are not normally visible.

PUTT

Putt

Trade executed following the exercise of a put option on the security.

SETI

Sold Exempt

Trade is exempt from short-sale rules.

SPCU

Special Cum Dividend

Trade is executed with a special cum dividend, that is, buying after the ex date and getting the dividend.

SPEX

Special Ex Dividend

Trade is executed with a special ex dividend, that is, selling before the ex date without the coupon.

SPSI

Sold Plus

Sold plus indication.

SSTI

Sold Short

Sold short indication.

TEFR

Trade Executed Following Rollover

Trade executed this month following the rollover of positions.

TRFR

Trade Following Rollover

Trade executed on the next month following the rollover of positions.

XBNS

Ex Bonus

Trade is executed ex bonus.

XCPN

Ex Coupon

Trade is executed ex coupon.

XDIV

Ex Dividend

Trade is executed ex dividend.

XRTS

Ex Rights

Trade is executed ex rights.

XWAR

Ex Warrants

Trade is executed ex warrants.

CODES

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

CLDI

Per Client Agreement

Commission is as per client agreement.

FLAT

Flat Fee

Commission is a flat fee.

PERN

Percentage of Principal in Basis Points

Commission is a percentage of principal.

PERU

Per Unit

Commission is per unit of financial instrument.

PWCD

Percentage Commission Waived as Cash Discount

Commission is a percentage commission waived as cash discount.

PWEU

Percentage Commission Waived as Additional Units

Commission is a percentage commission waived as additional units.

SOFT

Soft Dollar Commission Sharing

Commission is a soft dollar percentage (soft dollar) commission.

STEP

Commission Sharing Type is for Step-out Trade

Commission is for a step-out trade.

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

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

FLAT

Charges/Tax Basis Flat or Absolute

Charges/tax basis is flat or absolute for the trade being allocated.

PERU

Charges/Tax Basis per Unit

Charge/tax basis is per unit of financial instrument.

CODES

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

SOLI

Solicited

Trade was solicited by the executing broker. The broker has suggested to his client to buy/sell financial instruments.

USOL

Unsolicited

Trade was unsolicited. The client acts on its own without advice from the executing broker.

CODES

If Qualifier is MPLE and Data Source Scheme is not present, Indicator must contain a numerical value in the range 0001 - 9999.

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

If field :22H::BUSE//SWIT is used, then in the linkage sequence reference must be made to the previous message sent and containing field :22H::BUSE/SWIF.

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