ISO 15022 Data Field Dictionary

MT518: (26) Field 22F: Indicator

FORMAT

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

PRESENCE

Optional in mandatory subsequence B1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

TRCA

R

 

F

Party Capacity Indicator

2

O

INCA

N

 

F

Investor Capacity Indicator

DEFINITION

This qualified generic field specifies:

INCA

Investor Capacity Indicator

Role of the investor in the transaction.

TRCA

Party Capacity Indicator

Specifies the role of the party in the transaction.

CODES

If Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes:

AGEN

Trading as Agent

Party is trading on behalf of his client.

BAGN

Acting as Agent for Customer and Other Person

Party is acting as an agent for both customer and another person.

CAGN

Crossing as Agent

Party is crossing on behalf of his client.

CPRN

Crossing as Principal

Party is crossing for his own account.

INFI

Investment Firm

Any legal person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis.

MKTM

Market Maker

Dealer or specialist that is trading for their own account in the OTC market. Market makers are expected to maintain an orderly market by being available to buy or sell.

MLTF

Multi-Lateral Trading Facility

Multilateral trading facility (MTF) is a multilateral system which brings together multiple third-party buying and selling interests in financial instruments in a way that results in a contract.

OAGN

Acting as Agent for Person Other than Customer

Party is acting as an agent for a person other than a customer.

PRAG

Acting as Agent for Some Executions and Principal

Party is acting as an agent for some executions and principal for others.

PRIN

Trading as Principal

Party is trading for his own account.

RISP

Acting as Riskless Principal

Party is trading as a riskless principal, that is, the order to buy (sell) has been simultaneously offset by an order to sell (buy) with another party.

RMKT

Regulated Market

A regulated market is a market on which financial instruments can be traded according to rules defined by the stock exchange.

SINT

Systematic Internaliser

Firms which, on an organised, frequent and systematic basis, deal on their own account by executing client orders outside a regulated market or an MTF. SIs have the obligation to provide, and make public, a definite bid and offer quote for liquid securities.

TAGT

Transfer Agent

The party appointed by the Fund Management Company. It updates records of investor accounts to reflect the daily investor purchases, redemptions, switches, transfers, and re-registrations. It ensures the timely settlement of transactions, and may provide tax information to the investor and/or to its intermediaries. It may calculate, collect, and rebate commissions. It prepares and distributes confirmations reflecting transactions, resulting in unit or cash account movements to the investor or the investor's intermediary. It responds to inquiries concerning account status, and processes the income distribution.

CODES

If Qualifier is INCA and Data Source Scheme is not present, Indicator must contain one of the following codes:

ELIG

Eligible Counterparty

MiFID classification of counterparty. Eligible customers are the most sophisticated level of investor, able to opt out of some of the protections afforded by conduct of business rules defined under MiFID.

PROF

Professional Client

MiFID classification of counterparty. Professional customers are, for example, investment firms, credit institutions, insurance companies.

RETL

Retail Client

MiFID classification of counterparty. Retail customers are the least sophisticated level of investor.

USAGE RULES

For Qualifier INCA, the use of the codes needs to be bi-laterally agreed.

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