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ISO 15022
Data Field Dictionary

MT540: (15) Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Date Code)
Option C :4!c//8!n6!n (Qualifier)(Date)(Time)
Option E :4!c//8!n6!n[,3n][/[N]2!n[2!n]] (Qualifier)(Date)(Time)(Decimals)(UTC Indicator)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

SETT

N

 

A, B, or C

Settlement Date/Time

2

O

TRAD

N

 

A, B, C, or E

Trade Date/Time

3

O

ADEL

N

 

A or C

Late Delivery Date/Time

4

O

CERT

N

 

A or C

Certification Date/Time

DEFINITION

This qualified generic field specifies:

ADEL

Late Delivery Date/Time

Date/time after the settlement date specified in the trade, used for pool trades resulting from the original To Be Assigned (TBA) securities.

CERT

Certification Date/Time

Date/time at which the certificates in the deposit were validated by the agent.

SETT

Settlement Date/Time

Date/time at which the financial instruments are to be delivered or received.

TRAD

Trade Date/Time

Date/time at which the trade was executed.

CODES

In option B, if Qualifier is SETT and Data Source Scheme is not present, Date Code must contain the following code:

WISS

When Issued

Settlement is to be done when the security is issued.

CODES

In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code:

VARI

Various

Partial trades have occurred over a period of two or more days.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD.

Time must be a valid time expressed as HHMMSS.

UTC Indicator must be a valid time expressed as HH[MM].

Sign ([N]) must not be used when UTC Indicator is equal to all zeroes.

USAGE RULES

ADEL, Late delivery date is used for pool trades that result from the original TBA's (the original TBA's would be offset by an opposite transaction and replaced by buys or sells of individual pools). It is a date greater than the settlement date stated in the trade, for pools designed as settling late.

Trade Date/Time, when used with format 98C or 98E, must be the local time of the place of trade, for example, of the stock exchange, or of the selling broker for OTC.

Market Practice Rules

In addition to the settlement date (ISO 15022 mandatory), trade date is one of the 10 common elements recommended by SMPG for equities and fixed income settlement instructions.

For more details, see the relevant market practice document on www.smpg.info.

EXAMPLE

Examples of format option E usage:

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 2 tenths of a second

    :98E::TRAD//20061023123548,2

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 25 hundreds of a second, UTC time +2

    :98E::TRAD//20061023123548,25/02

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 4

    :98E::TRAD//20061023123548/N04

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 2h30

    98E::TRAD//20061023123548/N0230