| ISO20022

MT568 Scope

This message is sent between an account owner and an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian. This message is bi-directional.

This message is used to provide complex instructions or narrative details relating to a corporate action event.

This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.

This message may also be used to:

cancel a previously sent corporate action narrative
re-send a corporate action narrative previously sent
provide a third party with a copy of the message

MT568 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
O	28E			Page Number/Continuation Indicator	5n/4!c	2
----->
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	3
-----\|
M	23G			Function of the Message	4!c[/4!c]	4
M	22F	CAEV	Indicator	Corporate Action Event Indicator	:4!c/[8c]/4!c	5
O	98a	PREP	Date/Time	Preparation Date/Time	A, C, or E	6
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	7
O	22F	LINK	Indicator	Linkage Type Indicator	:4!c/[8c]/4!c	8
O	13a	LINK	Number Identification	Linked Message	A or B	9
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	10
M	16S			End of Block	LINK	11
-----\| End of Subsequence A1 Linkages
M	16S			End of Block	GENL	12
End of Sequence A General Information
Optional Sequence B Underlying Securities
M	16R			Start of Block	USECU	13
O	95a	ACOW	Party	Account Owner	P or R	14
M	97a	4!c	Account	(see qualifier description)	A, C, or D	15
O	94a	SAFE	Place	Place of Safekeeping	B, C, or F	16
O	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	17
Optional Subsequence B1 Financial Instrument Attributes
M	16R			Start of Block	FIA	18
O	94B	PLIS	Place	Place of Listing	:4!c/[8c]/4!c[/30x]	19
O	22F	MICO	Indicator	Method of Interest Computation Indicator	:4!c/[8c]/4!c	20
O	12a	CLAS	Type of Financial Instrument	Classification Type	A or C	21
O	11A	DENO	Currency	Currency of Denomination	:4!c//3!a	22
----->
O	98A	4!c	Date/Time	(see qualifier description)	:4!c//8!n	23
-----\|
----->
O	92A	4!c	Rate	(see qualifier description)	:4!c//[N]15d	24
-----\|
----->
O	36a	4!c	Quantity of Financial Instrument	(see qualifier description)	B or D	25
-----\|
M	16S			End of Block	FIA	26
End of Subsequence B1 Financial Instrument Attributes
----->
O	93a	4!c	Balance	(see qualifier description)	B, C, E, or F	27
-----\|
M	16S			End of Block	USECU	28
End of Sequence B Underlying Securities
Mandatory Sequence C Additional Information
M	16R			Start of Block	ADDINFO	29
----->
M	70a	4!c	Narrative	(see qualifier description)	E or F	30
-----\|
----->
O	95a	4!c	Party	(see qualifier description)	P, Q, or R	31
-----\|
M	16S			End of Block	ADDINFO	32
End of Sequence C Additional Information

MT568 Network Validated Rules

C1 If the message is a replacement, an eligible balance notification or a reminder, that is, Function of the Message (field 23G) is REPL, REPE or RMDR, 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.

If the message is a cancellation or a withdrawal that is, Function of the Message (field 23G) is respectively CANC or WITH, then subsequence A1 (Linkages) is optional in the message, and field :20C::PREV may only appear once in only one occurrence of A1; 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 ...
REPL, REPE or RMDR	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
CANC or WITH	Optional	Optional in one single occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1
NEWM	Optional	Not applicable

Sequence A

if field :23G: is ...

Then subsequence A1 is ...

And field :20C::PREV is ...

REPL, REPE or RMDR

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

CANC or WITH

Optional

Optional in one single occurrence of subsequence A1, and not allowed in all other occurrences of subsequence A1

NEWM

Optional

Not applicable

C2 In sequence C Additional Information, all qualifiers of field 70a are optional, but at least one qualifier (any one) must be present.

C3 In sequence B, field :93B::ELIG 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 B if field :93B::ELIG is ...	Then one occurrence of :93B::ELIG must be ...	And the other occurrence of :93B::ELIG must be ...
Repeated	:93B::ELIG//FAMT and DSS must not be present	:93B::ELIG//AMOR and DSS must not be present
Not repeated	Not applicable	Not applicable

Sequence B

if field :93B::ELIG is ...

Then one occurrence of :93B::ELIG must be ...

And the other occurrence of :93B::ELIG must be ...

Repeated

:93B::ELIG//FAMT and DSS must not be present

:93B::ELIG//AMOR and DSS must not be present

Not repeated

Not applicable

Note

When used with format option F, field 93a qualifier ELIG cannot be repeated.

MT568 Usage Rules

This message should not be used in lieu of a structured message, that is, the MTs 564, 565, 566, or 567.
The sequence Financial Instrument Attribute (FIA) is intended to provide additional information regarding the terms and conditions of a securities issue. The objective of the sequence FIA is to ensure unambiguous identification of the security by the Receiver. It is recommended that the sequence FIA not be used unless required by a specific corporate action event, pursuant to a bilateral agreement, or when a valid ISIN or security identifier is not available.
The basic details of a proxy voting can be announced in the MT 564 Corporate Action Notification. If not all the details can be included in the MT 564, for example, the agenda of the general meeting the MT 568 can be used and should refer to the MT 564 in the linkages sequence.