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ISO 15022
Data Field Dictionary

MT558: (39) Field 17B: Flag

FORMAT

Option B :4!c//1!a (Qualifier)(Flag)

PRESENCE

Mandatory in optional sequence C

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

COLL

N

 

B

Collateral Flag

2

O

SMAF

N

 

B

Securities Movements Approved Flag

3

O

TYPP

N

 

B

Type of Position Flag

DEFINITION

This qualified generic field specifies:

COLL

Collateral Flag

Indicates whether the financial instrument is delivered/received as collateral.

SMAF

Securities Movements Approved Flag

Indicates whether the proposed securities movements can be accepted.

TYPP

Type of Position Flag

Indicates whether the position is fixed (post settlement).

CODES

If Qualifier is COLL, Flag must contain one of the following codes:

N

No

Financial instruments are not part of the collateral, it is part of the deal transaction.

Y

Yes

Financial instruments are part of the collateral.

CODES

If Qualifier is SMAF, Flag must contain one of the following codes:

N

No

Proposed securities movements are not OK.

Y

Yes

Proposed securities movements are OK.

CODES

If Qualifier is TYPP, Flag must contain one of the following codes:

N

No

Movement is pending settlement.

Y

Yes

Position is a fixed one.