MT540 Network Validated Rules

• C1 The following amount fields cannot appear in more than one occurrence of the subsequence E3 Amounts.

  Subsequence E3

  :19A::ACRU

  :19A::ANTO

  :19A::BOOK

  :19A::CHAR

  :19A::COUN

  :19A::DEAL

  :19A::EXEC

  :19A::ISDI

  :19A::LADT

  :19A::LEVY

  :19A::LOCL

  :19A::LOCO

  :19A::MARG

  :19A::OTHR

  :19A::REGF

  :19A::SETT

  :19A::SHIP

  :19A::SPCN

  :19A::STAM

  :19A::STEX

  :19A::TRAN

  :19A::TRAX

  :19A::VATA

  :19A::WITH

  :19A::COAX

  :19A::ACCA

  :19A::RSCH

• C2 In sequence A, if the total of linked settlement instructions (field :99a::TOSE) is present, then the current settlement instruction number (field :99a::SETT) must be present.

  Sequence A if field :99a::TOSE is ...	Sequence A then field :99a::SETT is ...
  Present	Mandatory
  Not present	Optional

• C3 In (sub)sequence E3, if an exchange rate (field :92B::EXCH) is present, the corresponding resulting amount (field :19A::RESU) must be present in the same subsequence. If the exchange rate is not present then the resulting amount is not allowed.

  Subsequence E3 if field :92B::EXCH is ...	Subsequence E3 then field :19A::RESU is ...
  Present	Mandatory
  Not present	Not allowed

• C4 The following party fields cannot appear more than once in a message:

  Subsequence E1	Subsequence E2	Sequence F
  :95a::BUYR	:95a::ACCW	:95a::EXCH
  :95a::DEAG	:95a::BENM	:95a::MEOR
  :95a::DECU	:95a::PAYE	:95a::MERE
  :95a::DEI1	:95a::DEBT	:95a::TRRE
  :95a::DEI2	:95a::INTM	:95a::VEND
  :95a::PSET		:95a::TRAG
  :95a::REAG		:95a::BRKR
  :95a::RECU
  :95a::REI1
  :95a::REI2
  :95a::SELL

• C5 If field :22F::DBNM is NOT present in sequence E, then it is mandatory to specify a delivering agent and a place of settlement: one occurrence of subsequence E1 Settlement Parties must contain party field :95a::DEAG and another one must contain party field :95a::PSET.

• C6 If a qualifier from the list Deliverers is present in a subsequence E1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Deliverers (see below) must be present.

  In other words, in sequence E, the following scenarios must be validated:

  • If :95a::DEI2 is present in subsequence E1, then :95a::DEI1 must be present in another subsequence E1.

  • If :95a::DEI1 is present in subsequence E1, then :95a::DECU must be present in another subsequence E1.

  • If :95a::DECU is present in subsequence E1, then :95a::SELL must be present in another subsequence E1.

  If a qualifier from the list Receivers is present in a subsequence E1, in a field :95a::4!c, then all the remaining qualifiers following this qualifier in the list Receivers (see below) must be present.

  In other words, in sequence E, the following scenarios must be validated:

  • If :95a::REI2 is present in subsequence E1, then :95a::REI1 must be present in another subsequence E1.

  • If :95a::REI1 is present in subsequence E1, then :95a::RECU must be present in another subsequence E1.

  • If :95a::RECU is present in subsequence E1, then :95a::BUYR must be present in another subsequence E1.

  Deliverers		Receivers
  DEI2	Deliverer's Intermediary 2	REI2	Receiver's Intermediary 2
  DEI1	Deliverer's Intermediary 1	REI1	Receiver's Intermediary 1
  DECU	Deliverer's Custodian	RECU	Receiver's Custodian
  SELL	Seller (Deliverer)	BUYR	Buyer (Receiver)

• C7 If the message is a cancellation, that is, Function of the Message (field 23G) is CANC, then subsequence A1 (Linkages) must be present at least once in the message, and in one and only one occurrence of A1, field :20C::PREV must be present; consequently, in all other occurrences of A1, field :20C::PREV is not allowed.

  Sequence A if field :23G: is ...	Then subsequence A1 is ...	And field :20C::PREV is ...
  CANC	Mandatory (minimum one occurrence of A1 must be present)	Mandatory in one occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1
  NEWM or PREA	Optional	Not applicable

• C8 In subsequence E1, if field :95a::PSET is present, then field :97a:: is not allowed in the same subsequence..

  Subsequence E1 if field :95a::PSET is ...	Subsequence E1 then field :97a:: is ...
  Present	Not allowed within the same occurrence
  Not present	Optional

• C9 If field :22F::FXCX//FXNO or FXYE is present in sequence E, then the message must be a cancellation, that is, Function of the Message in sequence A (field 23G) is CANC.

  If field :22F::FXCX//SINO is present in sequence E, then the message must be new, that is, Function of the Message in sequence A (field 23G) is NEWM..

  Sequence E if field :22F::FXCX is ... (1)	In sequence A then field :23G:4!c is ...
  FXNO	CANC
  FXYE	CANC
  SINO	NEWM
  Not present	Not applicable

  ⁽¹⁾ if the Data Source Scheme is present in field :22F::FXCX// then the conditional rule does not apply.

• C10 If field :22F::DBNM is present in sequence E, then a seller must be specified, that is, one occurrence of subsequence E1 must contain field :95a::SELL.

  Sequence E if field :22F::DBNM is ...	Then in one occurrence of subsequence E1 ...
  Present	Field :95a::SELL is Mandatory
  Not present	Not applicable

• C11 If field :22F::DBNM//VEND is present in sequence E, then a vendor must be specified; that is one occurrence of sequence F must contain field :95a::VEND.

  In sequence E if field :22F::DBNM//VEND is ... (1)	Then sequence F is ...	And in one occurrence of sequence F field :95a::VEND is ...
  Present	Mandatory, that is sequence F must be present once	Mandatory
  Not present	Optional	Optional

  ⁽¹⁾ if the Data Source Scheme is present in field :22F::DBNM//VEND then the conditional rule does not apply.

• C12 If field :36B: is present in minimum one occurrence of sequence A1, then the type of settlement transaction must be a pair-off or a turn-around; that is, sequence E field :22F::SETR//PAIR or :22F::SETR//TURN must be present.

  In sequence A1 if field :36B: is ...	Then in sequence E, field :22F::SETR must be ...
  Present	:22F::SETR//PAIR and DSS must not be present or :22F::SETR//TURN and DSS must not be present
  Not present	Not applicable

• C13 In sequence C, field :36B::SETT cannot appear more than twice (maximum two occurrences). When repeated, one occurrence must have Quantity Type Code FAMT and the other occurrence must have Quantity Type Code AMOR.

  Sequence C if field :36B::SETT is ...	Then one occurrence of :36B::SETT must be ...	And the other occurrence of :36B::SETT must be ...
  Repeated	:36B::SETT//FAMT	:36B::SETT//AMOR
  Not repeated	Not applicable	Not applicable

• C14 In sequence F, if field :95a::EXCH Stock Exchange or :95a::TRRE Trade Regulator is present, then field :97a:: is not allowed in the same sequence.

  Sequence F if field :95a::EXCH or TRRE is ...	Sequence F then field :97a:: is ...
  Present	Not allowed within the same occurrence
  Not present	Optional

• C15 In sequence C, if field :95L::ALTE is present, then field :95a::ACOW must be present.

• C16 In sequence B, field :94a::CLEA must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::CLEA).

  In sequence B, field :94a::TRAD must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::TRAD).

  In sequence C, field :94a::SAFE must not be present more than twice. When repeated, one and only one occurrence must be with format option L (:94L::SAFE).

  In each occurrence of subsequence E1, 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).

  In each occurrence of subsequence E2, 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).

  In each occurrence of sequence F, 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).

• C17 In each occurrence of sequence F, if field :95a::ALTE is present with format option L, then field :95a::MEOR and field :95a::MERE must not be used in the same occurrence of the sequence.