| ISO20022

Note

The use of this message for investment funds is subject to restrictions - the message may only be sent or received by institutions that are members of the Funds Closed User Group.

MT509 Scope

This message is sent by an instructing party or its authorised representative to an executing party or by an executing party to the instructing party or its authorised representative. It may also be sent by an instructing party to its custodian to inform of an update in the trade status of a previously sent settlement instruction.

This message is used to:

advise the status of an order/trade
advise the status of a replacement request
advise the status of a cancellation request

It may also be used to:

provide a third party with a copy of the status message being sent

This message may be sent directly or through an ETC service provider between the parties to the deal, or by an ETC service provider.

MT509 Format Specifications

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
M	20C	SEME	Reference	Sender's Message Reference	:4!c//16x	2
M	23G			Function of the Message	4!c[/4!c]	3
O	98a	PREP	Date/Time	Preparation Date/Time	A, C, or E	4
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	5
O	13a	LINK	Number Identification	Linked Message	A or B	6
M	20a	4!c	Reference	(see qualifier description)	C or U	7
M	16S			End of Block	LINK	8
-----\| End of Subsequence A1 Linkages
-----> Mandatory Repetitive Subsequence A2 Status
M	16R			Start of Block	STAT	9
M	25D	4!c	Status Code	(see qualifier description)	:4!c/[8c]/4!c	10
-----> Optional Repetitive Subsequence A2a Reason
M	16R			Start of Block	REAS	11
M	24B	4!c	Reason Code	(see qualifier description)	:4!c/[8c]/4!c	12
O	70D	REAS	Narrative	Reason Narrative	:4!c//6*35x	13
M	16S			End of Block	REAS	14
-----\| End of Subsequence A2a Reason
M	16S			End of Block	STAT	15
-----\| End of Subsequence A2 Status
M	16S			End of Block	GENL	16
End of Sequence A General Information
Optional Sequence B Trade Details
M	16R			Start of Block	TRADE	17
----->
O	98a	4!c	Date/Time	(see qualifier description)	A, B, or C	18
-----\|
O	11A	4!c	Currency	(see qualifier description)	:4!c//3!a	19
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	20
-----\|
----->
O	95a	4!c	Party	(see qualifier description)	L, P, or R	21
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	22
-----> Optional Repetitive Subsequence B1 Trading Parties
M	16R			Start of Block	TRADPRTY	23
----->
M	95a	4!c	Party	(see qualifier description)	L, P, Q, R, or S	24
-----\|
----->
O	97a	4!c	Account	(see qualifier description)	A, B, D, or E	25
-----\|
O	98a	PROC	Date/Time	Processing Date/Time	A or C	26
O	20C	PROC	Reference	Processing Reference	:4!c//16x	27
----->
O	70a	4!c	Narrative	(see qualifier description)	C or E	28
-----\|
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	29
-----\|
M	16S			End of Block	TRADPRTY	30
-----\| End of Subsequence B1 Trading Parties
----->
O	19A	4!c	Amount	(see qualifier description)	:4!c//[N]3!a15d	31
-----\|
----->
O	90a	DEAL	Price	Deal Price	A or B	32
-----\|
----->
O	36a	4!c	Quantity of Financial Instrument	(see qualifier description)	B or D	33
-----\|
M	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	34
M	16S			End of Block	TRADE	35
End of Sequence B Trade Details
Optional Sequence C Additional Information
M	16R			Start of Block	ADDINFO	36
----->
O	95a	4!c	Party	(see qualifier description)	P, Q, or R	37
-----\|
M	16S			End of Block	ADDINFO	38
End of Sequence C Additional Information

MT509 Network Validated Rules

C1 Within each occurrence of subsequence A2a, the qualifier in field 24B must be the same as the code (Status Code) used with the appropriate qualifier in field 25D of its surrounding subsequence A2.

In each occurrence of subsequence A2 Status
In each occurrence of subsequence A2a Reason (if present) if field 24B:: is ...	Then in subsequence A2 Status field :25D:: must be ... ⁽¹⁾
:24B::REJT	:25D::CPRC//REJT or :25D::IPRC//REJT or :25D::RPRC//REJT
:24B::NMAT	:25D::MTCH//NMAT
:24B::NAFI	:25D::AFFM//NAFI
:24B::REPR	:25D::CPRC//REPR or :25D::IPRC//REPR or :25D::RPRC//REPR

⁽¹⁾ if the Data Source Scheme is present in field :25D:: then the conditional rule does not apply.

C2 In sequence B, either a quantity (field :36a::) or an amount (field :19A::) must be present, but not both.

Sequence B
if field :36a:: is ...

Sequence B
then field :19A:: is ...

Present

Not allowed

Not present

Mandatory

Sequence B if field :36a:: is ...	Sequence B then field :19A:: is ...
Present	Not allowed
Not present	Mandatory

C3 In sequence B, if either Deal Price (field 90a::DEAL) or Original Ordered Quantity (field :36B::ORDR) are present more than once then Buy/Sell Indicator (field :22H::BUSE) must be present with Indicator code FPOO or IPOO or IPPO.

Sequence B if field :90a::DEAL is ...	Sequence B if field :36B::ORDR is ...	Sequence B then field :22H::BUSE ...
Not present or present only once	Not present or present only once	May contain any Indicator code
Present more than once	Indicator code must be FPOO or IPOO or IPPO
Present more than once	Not applicable	Indicator code must be FPOO or IPOO or IPPO

Sequence B

if field :90a::DEAL is ...

Sequence B

if field :36B::ORDR is ...

Sequence B

then field :22H::BUSE ...

Not present or present only once

May contain any Indicator code

Present more than once

Indicator code must be FPOO or IPOO or IPPO

Present more than once

Not applicable

Indicator code must be FPOO or IPOO or IPPO

C4 In sequence B, if field :95L::ALTE is present, then field :95a::ACOW must be present.
C5 In each occurrence of subsequence B1, field :95a::ALTE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:95L::ALTE).

MT509 Usage Rules

When the message is used to advise the status of a cancellation of an MT 502 Order to Buy or Sell, 513 Client Advice of Execution, 514 Trade Allocation Instruction, 515 Client Confirmation of Purchase or Sale, or 518 Market-Side Securities Trade Confirmation, Field 20C Reference in subsequence A1 Linkages must contain the reference of the cancellation request.
When the message is used to advise the status of a replacement of an MT 502 Order to Buy or Sell, Field 20C Reference in subsequence A1 Linkages must contain the reference of the replacement request.
When the message is used to advise the status of an MT 502 Order to Buy or Sell, Field 20C Reference in subsequence A1 Linkages must contain the reference of the order.