MT564: (95) Field 22a: Indicator
FORMAT
| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in optional subsequence E2
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
CRDB |
N |
|
H |
Credit/Debit Indicator |
2 |
O |
CONT |
N |
|
H |
Contractual Payment Indicator |
3 |
O |
NELP |
N |
|
F |
Non Eligible Proceeds Indicator |
4 |
O |
ITYP |
N |
C29 |
F |
Type of Income |
5 |
O |
TXAP |
N |
|
F |
Issuer/Offeror Taxability Indicator |
6 |
O |
ETYP |
R |
|
F |
Type of Exemption |
7 |
O |
OTYP |
R |
C29 |
F |
Other Type of Income |
8 |
O |
PRCM |
N |
|
F |
Price Calculation Method Indicator |
DEFINITION
This qualified generic field specifies:
CONT |
Contractual Payment Indicator |
Specifies exceptions to contractual payment service. |
CRDB |
Credit/Debit Indicator |
Specifies whether the value is a debit or credit. |
ETYP |
Type of Exemption |
Specifies the basis for the reduced rate of withholding. |
ITYP |
Type of Income |
Specifies the type of income. |
NELP |
Non Eligible Proceeds Indicator |
Specifies information regarding outturn resources that cannot be processed by the CSD. Special delivery instruction is required from the account owner for the CA outcome to be credited. |
OTYP |
Other Type of Income |
Type of income to be used under another tax regime. |
PRCM |
Price Calculation Method Indicator |
Specifies the method applied for the calculation of the price. |
TXAP |
Issuer/Offeror Taxability Indicator |
Proceeds are taxable according to the information provided by the issuer/offeror. |
CODES
In option H, if Qualifier is CRDB, Indicator must contain one of the following codes:
CRED |
Credit |
Value is a credit. |
DEBT |
Debit |
Value is a debit. |
CODES
In option H, if Qualifier is CONT, Indicator must contain the following code:
ACTU |
Actual |
Payment will be made upon actual receipt of funds. |
CODES
In option F, if Qualifier is NELP and Data Source Scheme is not present, Indicator must contain one of the following codes:
ACLI |
Account Limitation |
Participant's account limitation. |
NELC |
Non Eligible Currency |
Currency not eligible for settlement in the CSD. |
ONEL |
Other Non Eligibility |
Other source of non eligibility. |
CODES
In option F, if Qualifier is TXAP and Data Source Scheme is not present, Indicator must contain the following code:
TXBL |
Taxable |
The relevant proceeds are taxable. |
CODES
In option F, if Qualifier is PRCM and Data Source Scheme is not present, Indicator must contain one of the following codes:
AVCL |
Average Closing Price |
Price of the asset at close of a given day. |
MIMP |
Mid-Market Price |
Price at a certain amount of time prior to the date it is announced. |
NAVA |
Net Asset Value |
Net value of an investment fund's assets less its liabilities, divided by the number of shares outstanding. |
NAVF |
Final Asset Value |
Final asset value at the liquidation of the fund. |
VWAP |
Volume Weighted Average Price |
The price is based on a volume-weighted average price which is a ratio of the cumulative share price to the cumulative volume traded over a given time period. |
CODES
If Qualifier is ITYP, Data Source Scheme must be used, for example, IRSX in the United States or DGIX for France. The lists of income type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is TXAP and Data Source Scheme is present, for example, IRSX in the United States, then the lists of Issuer/Offeror Taxability codes that may be used in Indicator are provided in the document titled "TXAP Taxability Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is ETYP, Data Source Scheme must be used, for example, IRSX in the United States. The lists of exemption type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is OTYP, Data Source Scheme must be used.
USAGE RULES
The Issuer/Offeror Taxability Indicator (TXAP) may only be used when no tax rate is provided in the message. It must not be used in events such as dividend or interest.
