| ISO20022

Note

This message may only be sent and received after prior arrangements between the Sender and Receiver.

MT516 Scope

This message type is sent from one financial institution to another, both of which are involved in the lending of securities.

It is used to confirm the details of:

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A Securities Loan/Recall/Return Identification
M	20	Transaction Reference Number	16x	1
O	21	Related Reference	16x	2
M	23	Further Identification	16x	3
M	31P	Date Loan/Recall/Return Agreed	6!n[29x]	4
O	83C	Safekeeping Account	/34x	5
M	35B	Identification of Securities	[ISIN1!e12!c] [4*35x]	6
O	35A	Quantity of Securities	3!a15d	7
O	31L	Payable Date	6!n	8
O	31X	Ex Date	[6!n[4!n]][7!a]	9
M	30	Effective Date	6!n	10
O	31F	Expiry and Option Date of Loan	6!n[/6!n][//35x]	11
O	87a	Receiver/Deliverer of Securities	A or D	12
O	35N	Quantity of Securities Recalled/Returned	3!a15d	13
O	33T	Market Price of Securities	3!a15d	14
End of Sequence A Securities Loan/Recall/Return Identification
Optional Sequence B Collateral Arrangements
O	37J	Interest Rate on Securities	12d	15
O	26H	Collateral Type	16x	16
O	33S	Collateral Requirement	3!a15d	17
O	32a	Cash Collateral Amount	A or B	18
O	37a	Rebate Agreed	A, B, C, D, E, or F	19
O	57a	Account With Institution	A, B, or D	20
O	35S	Quantity of Securities Transferred as Collateral	3!a15d	21
O	35B	Identification of Securities	[ISIN1!e12!c] [4*35x]	22
O	87a	Receiver/Deliverer of Securities	A or D	23
End of Sequence B Collateral Arrangements
Optional Sequence C
O	77D	Special Terms and Conditions	6*35x	24
O	72	Sender to Receiver Information	6*35x	25
End of Sequence C

The details of a securities loan or its recall or return are usually agreed by the two parties via telephone or other means.
The confirmation of a recall or return must contain in field 35N the quantity of securities recalled or returned and in field 35A the remaining quantity of securities out on loan.
Alternatively, if the practice is to close-out a loan in the event of a partial return or partial recall, fields 35A and 35N must be equal.
Adjustments to the collateral amount must not be conveyed by this message. The MT 581 must be used to request or confirm adjustments to the collateral amount.
The cancellation of this message must be conveyed using the MT 592 Request for Cancellation.
To amend or correct a securities loan confirmation, it is necessary to cancel the original message and send a new confirmation message.