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ISO 15022
Data Field Dictionary

MT540: (14) Field 94a: Place

FORMAT

Option B :4!c/[8c]/4!c[/30x] (Qualifier)(Data Source Scheme)(Place Code)(Narrative)
Option H :4!c//4!a2!a2!c[3!c] (Qualifier)(Identifier Code)
Option L :4!c//18!c2!n (Qualifier)(Legal Entity Identifier)

PRESENCE

Optional in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

CLEA

R

C16

H or L

Place of Clearing

2

O

TRAD

R

C16

B or L

Place of Trade

DEFINITION

This qualified generic field specifies:

CLEA

Place of Clearing

Place at which the trade is cleared (Central Counterparty).

TRAD

Place of Trade

Place at which the order was traded, directly by the instructing party or not.

CODES

In option B, if Qualifier is TRAD and Data Source Scheme is not present, Place Code must contain one of the following codes:

EXCH

Stock Exchange

Place of trade is a stock exchange.

OTCO

Over The Counter

Place of trade is over the counter.

PRIM

Primary Market

Place of trade is the primary market.

SECM

Secondary Market

Place of trade is the secondary market.

VARI

Various

Trade was executed on various places.

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC.

Narrative must not start or end with a slash '/' and must not contain two consecutive slashes '//'.

USAGE RULES

When Place Code is OTCO, Narrative, if present, must specify the system. When Place Code is EXCH, Narrative, if present, must specify the Market Identifier Code (MIC).

A cross-exchange netted transaction is to be identified by the combination of Various (Place field :94B::TRAD//VARI) and Netting (Indicator field :22F::SETR//NETT).

EXAMPLE

:94B::TRAD//EXCH/XNYS

for the New York Stock Exchange.