ISO 15022 Data Field Dictionary

MT518: (48) Field 22F: Indicator

FORMAT

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

PRESENCE

Mandatory in optional sequence C

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

SETR

N

 

F

Type of Settlement Transaction Indicator

2

O

STCO

R

 

F

Settlement Transaction Condition Indicator

3

O

STAM

N

 

F

Stamp Duty Indicator

4

O

RTGS

N

 

F

Securities Real-Time Gross Settlement Indicator

5

O

REGT

N

 

F

Registration Indicator

6

O

BENE

N

 

F

Beneficial Ownership Indicator

7

O

CASY

N

 

F

Cash Settlement System Indicator

8

O

DBNM

N

 

F

Settlement Standing Instruction Database Indicator

9

O

REST

N

 

F

Restrictions Indicator

10

O

LEOG

N

 

F

Letter of Guarantee Indicator

11

O

SETS

N

 

F

Settlement System/Method Indicator

12

O

REPT

N

 

F

Repurchase Type Indicator

DEFINITION

This qualified generic field specifies:

BENE

Beneficial Ownership Indicator

Specifies whether there is change of beneficial ownership.

CASY

Cash Settlement System Indicator

Specifies what cash settlement system is instructed to be used.

DBNM

Settlement Standing Instruction Database Indicator

Specifies what settlement standing instruction database is to be used to derive the settlement parties involved in the transaction.

LEOG

Letter of Guarantee Indicator

Specifies whether physical settlement may be executed using a letter of guarantee or if the physical certificates should be used.

REGT

Registration Indicator

Specifies whether registration should occur upon receipt.

REPT

Repurchase Type Indicator

Specifies the type of repurchase transaction.

REST

Restrictions Indicator

Specifies the regulatory restrictions applicable to a financial instrument.

RTGS

Securities Real-Time Gross Settlement Indicator

Specifies whether the settlement transaction is to be settled through an RTGS or a non RTGS system.

SETR

Type of Settlement Transaction Indicator

Specifies underlying information regarding the type of settlement transaction.

SETS

Settlement System/Method Indicator

Specifies whether the settlement instruction is to be settled through the default or the alternate settlement system.

STAM

Stamp Duty Indicator

Specifies the stamp duty type or exemption reason applicable to the settlement instruction.

STCO

Settlement Transaction Condition Indicator

Specifies the conditions under which the order/trade is to be settled.

CODES

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

BSBK

Buy Sell Back

Relates to a buy sell back transaction.

COLI

Collateral In

Relates to a collateral transaction, from the point of view of the collateral taker or its agent.

COLO

Collateral Out

Relates to a collateral transaction, from the point of view of the collateral giver or its agent.

CONV

DR Conversion

Relates to a depository receipt conversion.

ETFT

Exchange Traded Funds

Relates to an exchange traded fund (ETF) creation or redemption.

FCTA

Factor Update

Relates to a factor update.

INSP

In Specie/Share Exchange

Relates to a movement of shares into or out of a pooled account.

ISSU

Issuance

Relates to the issuance of a security such as an equity or a depository receipt.

MKDW

Mark-Down

Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned).

MKUP

Mark-Up

Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned).

NETT

Netting

Relates to the netting of settlement instructions.

NSYN

Non Syndicated

Relates to the issue of medium and short term paper (CP, CD, MTN, notes ...) under a program and without syndication arrangement.

OWNE

External Account Transfer

Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).

OWNI

Internal Account Transfer

Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).

PAIR

Pair-Off

Relates to a pair-off: the transaction is paired off and netted against one or more previous transactions.

PLAC

Placement

Relates to the placement/new issue of a financial instrument.

PORT

Portfolio Move

Relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such.

REAL

Realignment

Relates to a realignment of positions.

REDI

Withdrawal

Relates to the withdrawal of specified amounts from specified sub-accounts.

REDM

Redemption (Funds)

Relates to a redemption of Funds (Funds Industry ONLY).

RELE

DR Release/Cancellation

Relates to a release (into/from local) of Depository Receipt operation.

REPU

Repo

Relates to a repurchase agreement transaction.

RODE

Return of Delivery Without Matching

Relates to the return of financial instruments resulting from a rejected delivery without matching operation.

RVPO

Reverse Repo

Relates to a reverse repurchase agreement transaction.

SBBK

Sell Buy Back

Relates to a sell buy back transaction.

SECB

Securities Borrowing

Relates to a securities borrowing operation.

SECL

Securities Lending

Relates to a securities lending operation.

SUBS

Subscription (Funds)

Relates to a subscription to funds (Funds Industry ONLY).

SYND

Syndicated

Relates to the issue of financial instruments through a syndicate of underwriters and a Lead Manager.

TBAC

TBA Closing

Relates to a To Be Announced (TBA) closing trade.

TRAD

Trade

Relates to the settlement of a trade.

TRPO

Triparty Repo

Relates to a triparty repurchase agreement.

TRVO

Triparty Reverse Repo

Relates to a triparty reverse repurchase agreement.

TURN

Turnaround

Relates to a turnaround: the same security is bought and sold to settle the same day, to or from different brokers.

CODES

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

ASGN

Assignment

Transfer of ownership of the asset to another party during the closing of an option.

CLEN

Clean

Tax-exempt financial instruments are to be settled.

DIRT

Dirty

Taxable financial instruments are to be settled.

DLWM

Delivery Without Matching

Matching receipt instruction not required (only for concerned ICSD and CSD).

DRAW

Drawn

Settlement transactions relates to drawn securities.

EXER

Exercised

Settlement transaction relates to options, futures or derivatives that are exercised.

FRCL

Free Clean Settlement

Delivery will be made free of payment but a clean payment order will be sent.

IAAB

Instruct Account Balance

Indicates whether the available balance in the cash account is to be utilised for the transaction.

KNOC

Knocked Out

Settlement transaction relates to options, futures or derivatives that are expired worthless.

NPAR

No Partial Settlement Allowed

Partial settlement is not allowed.

PART

Partial Settlement Allowed

Partial settlement is allowed.

PHYS

Physical

Securities are to be physically settled.

RESI

CSD Payment Only

Relates to transaction on a security that is not eligible at the Central Securities Depository (CSD) but for which the payment will be enacted by the CSD.

RPTO

Reporting

Relates to a transaction that is for reporting purposes only.

SPDL

Special Delivery

Settlement transactions to be settled with special delivery.

SPST

Split Settlement

Money and financial instruments settle in different locations.

UNEX

Unexposed

Delivery cannot be performed until money is received.

CODES

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

NRTG

Non-RTGS

Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored.

YRTG

RTGS

Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored.

CODES

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

NREG

Street Name

Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored.

YREG

Register

Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored.

CODES

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

NBEN

NCBO

No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored.

YBEN

CBO

Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored.

CODES

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

BOKW

Bank of Korea Wire

Settle money through Bank of Korea Wire.

CHEC

Cheque

Settle money through cheque.

GBSC

UK Domestic

Settle money through UK domestic.

GROS

Gross Settlement System

Settle money through gross settlement system.

NETS

Net Settlement System

Settle money through net settlement system.

USCH

CHIPS (US)

Settle money through CHIPS (US).

USFW

Fedwire (US)

Settle money through Fedwire (US).

CODES

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

BRKR

Broker

Settlement standing instruction database to be used is the broker's database.

INTE

Internal

Settlement standing instruction database to be used is the receiver's internal database.

VEND

Vendor

Settlement standing instruction database to be used is the database of the vendor.

CODES

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

144A

Pursuant to 144A

Ownership or transfer of an unregistered security issued, pursuant to US legal restrictions 144A.

NRST

Not Subject to Restrictions

Ownership or transfer of a security that is not subject to restrictions.

RSTR

Subject to Restrictions (not pursuant to 144A)

Ownership or transfer of a security that is subject to restrictions, and not pursuant to 144A.

CODES

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

NLEG

Letter of Guarantee Not Accepted

Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored.

YLEG

Letter of Guarantee Accepted

Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored.

CODES

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

NSET

Default Settlement System/Method

Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored.

YSET

Alternate Settlement System/Method

Settle through the alternate settlement system/method. If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored.

CODES

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

CADJ

Swap/Substitution

Relates to a repo collateral substitution.

CALL

Repo Call

Relates to the early closing/maturity date for a term repo or the termination date of an open repo with underlying collateral.

PAIR

Pair-Off

Relates to a repo that is part of a pair-off.

RATE

Repo Rate

Relates to a change in the repo rate.

ROLP

Repo Contract Rollover

Relates to a repo rollover of a contract extending the closing or maturity date without impacting underlying collateral.

TOPU

Top-Up

Relates to a cover of securities position due to deficit of collateral following mark to market valuation.

WTHD

Withdrawal

Relates to a return of securities position due to excess of collateral following mark to market valuation.

CODES

If Qualifier is STAM, the Data Source Scheme must be used to indicate the stamp duty type or exemption reason, for example, in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.

USAGE RULES

The conditions of the use of the override codes for the qualifiers BENE, CASY, DBNM, LEOG, REGT, REPT, RTGS, SETS and STCO must be pre-agreed between account owner and account servicer.

When the code YREG in the registration indicator is present, additional registration details must be specified in the registration details narrative in the Settlement Parties sequence unless already available at the account servicer via standing instruction/SLA.

The cash settlement system codes are to be used only by agents directly involved in the settlement process, such as local settlement agents, CSD's and central banks.

The use of settlement transaction type codes CONV, ISSU, REAL, RELE, NETT, NSYN, MKUP, MKDW, SYND is governed by the existence of a bilateral agreement.

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