| ISO20022

Note

The use of this message type requires Message User Group (MUG) registration.

MT575 Scope

This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

This message is intended to provide a summary of all cash and securities activity:

for a given safekeeping account linked to one cash account (maintaining separate cash sub-accounts by currency)
for a given safekeeping account linked to multiple cash accounts (maintaining separate cash sub-accounts by currency)
for a given cash account (maintaining separate cash sub-accounts by currency) linked to multiple safekeeping accounts

The transaction activity contained in the report includes all transactions which have been settled or booked to the safekeeping account(s) for a specified period. Booked transactions are those that have been contractually posted (including those that may not have yet settled in the local market) and have affected the portfolios cash position. This report must not include pending transactions in the receivable or payable ledgers nor may it include settled transactions that have a future settlement date; pending transactions are included in the MT 537 Statement of Pending Transactions.

The report lists all activities by currency. So called, 'free' asset movement, for example, dividends in the form of securities, must appear in the free asset movement sequence.

All currencies for which there was an activity must also be reported. When there are no activities to be reported, the activity flag, in sequence A must be used. In sequence B, a separate activity flag can be used per cash account (where multiple cash accounts are linked to one safekeeping account).

The frequency of the report must be bilaterally agreed between the account servicer and the account owner.

The message may be used to respond to a request for statement, that is, the MT 549 Request for Statement/Status Advice.

MT575 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	28E			Page Number/Continuation Indicator	5n/4!c	2
O	13A	STAT	Number Identification	Statement Number	:4!c//3!c	3
M	20C	SEME	Reference	Sender's Message Reference	:4!c//16x	4
M	23G			Function of the Message	4!c[/4!c]	5
O	98a	PREP	Date/Time	Preparation Date/Time	A, C, or E	6
M	69a	STAT	Period	Statement Period	A or B	7
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	8
-----\|
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	9
O	13a	LINK	Number Identification	Linked Message	A or B	10
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	11
M	16S			End of Block	LINK	12
-----\| End of Subsequence A1 Linkages
----->
O	95a	4!c	Party	(see qualifier description)	L, P, or R	13
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	14
M	17B	ACTI	Flag	Activity Flag	:4!c//1!a	15
M	16S			End of Block	GENL	16
End of Sequence A General Information
-----> Optional Repetitive Sequence B Cash Account Activity
M	16R			Start of Block	CASHACCT	17
----->
O	95a	4!c	Party	(see qualifier description)	L, P, or R	18
-----\|
M	97a	CASH	Account	Cash Account	A or E	19
-----> Mandatory Repetitive Subsequence B1 Activity Information Per Currency
M	16R			Start of Block	ACTCURR	20
M	11A	ACCT	Currency	Currency of Account	:4!c//3!a	21
M	17B	ACTI	Flag	Activity Flag	:4!c//1!a	22
----->
M	93D	4!c	Balance	(see qualifier description)	:4!c//[N]15d	23
-----\|
-----> Optional Repetitive Subsequence B1a Activity Information Per Transaction
M	16R			Start of Block	ACTINFO	24
-----> Mandatory Repetitive Subsequence B1a1 Linkages
M	16R			Start of Block	LINK	25
O	13a	LINK	Number Identification	Linked Message	A or B	26
M	20a	4!c	Reference	(see qualifier description)	C or U	27
M	16S			End of Block	LINK	28
-----\| End of Subsequence B1a1 Linkages
Optional Subsequence B1a2 Cash Only Movement Details
M	16R			Start of Block	CASHDET	29
M	19A	PSTA	Amount	Posting Amount	:4!c//[N]3!a15d	30
O	36a	UNDL	Quantity of Financial Instrument	Underlying Quantity	B or D	31
O	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	32
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	33
-----\|
M	98a	ESET	Date/Time	Effective Settlement Date/Time	A, B, or C	34
O	70E	TRDE	Narrative	Transaction Details Narrative	:4!c//10*35x	35
M	16S			End of Block	CASHDET	36
End of Subsequence B1a2 Cash Only Movement Details
Optional Subsequence B1a3 Cash and Securities Movement Details
M	16R			Start of Block	CASHSECDET	37
O	97a	4!c	Account	(see qualifier description)	A, B, or D	38
----->
M	19A	4!c	Amount	(see qualifier description)	:4!c//[N]3!a15d	39
-----\|
M	36a	PSTA	Quantity of Financial Instrument	Posting Quantity	B or D	40
O	99A	DAAC	Number Count	Number of Days Accrued	:4!c//[N]3!n	41
M	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	42
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	43
-----\|
----->
M	98a	4!c	Date/Time	(see qualifier description)	A, B, or C	44
-----\|
O	25D	MOVE	Status Code	Movement Status	:4!c/[8c]/4!c	45
O	70E	TRDE	Narrative	Transaction Details Narrative	:4!c//10*35x	46
M	16S			End of Block	CASHSECDET	47
End of Subsequence B1a3 Cash and Securities Movement Details
-----> Optional Repetitive Subsequence B1a4 Settlement Parties
M	16R			Start of Block	SETPRTY	48
----->
M	95a	4!c	Party	(see qualifier description)	C, L, P, Q, or R	49
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	50
M	16S			End of Block	SETPRTY	51
-----\| End of Subsequence B1a4 Settlement Parties
M	16S			End of Block	ACTINFO	52
-----\| End of Subsequence B1a Activity Information Per Transaction
M	16S			End of Block	ACTCURR	53
-----\| End of Subsequence B1 Activity Information Per Currency
M	16S			End of Block	CASHACCT	54
-----\| End of Sequence B Cash Account Activity
-----> Optional Repetitive Sequence C Free Asset Activity
M	16R			Start of Block	FREEASS	55
-----> Mandatory Repetitive Subsequence C1 Linkages
M	16R			Start of Block	LINK	56
O	13a	LINK	Number Identification	Linked Message	A or B	57
M	20a	4!c	Reference	(see qualifier description)	C or U	58
M	16S			End of Block	LINK	59
-----\| End of Subsequence C1 Linkages
Optional Subsequence C2 Transaction Details
M	16R			Start of Block	TRANSDET	60
----->
O	95a	4!c	Party	(see qualifier description)	L, P, or R	61
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	62
M	36a	PSTA	Quantity of Financial Instrument	Posting Quantity	B or D	63
O	99A	DAAC	Number Count	Number of Days Accrued	:4!c//[N]3!n	64
M	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	65
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	66
-----\|
----->
M	98a	4!c	Date/Time	(see qualifier description)	A, B, or C	67
-----\|
O	25D	MOVE	Status Code	Movement Status	:4!c/[8c]/4!c	68
O	70E	TRDE	Narrative	Transaction Details Narrative	:4!c//10*35x	69
-----> Optional Repetitive Subsequence C2a Settlement Parties
M	16R			Start of Block	SETPRTY	70
----->
M	95a	4!c	Party	(see qualifier description)	C, L, P, Q, or R	71
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	72
M	16S			End of Block	SETPRTY	73
-----\| End of Subsequence C2a Settlement Parties
M	16S			End of Block	TRANSDET	74
End of Subsequence C2 Transaction Details
M	16S			End of Block	FREEASS	75
-----\| End of Sequence C Free Asset Activity
Optional Sequence D Additional Information
M	16R			Start of Block	ADDINFO	76
----->
O	95a	4!c	Party	(see qualifier description)	P, Q, or R	77
-----\|
M	16S			End of Block	ADDINFO	78
End of Sequence D Additional Information

MT575 Network Validated Rules

C1 If the Activity Flag (field :17B::ACTI) in sequence A General Information indicates no information to be reported, that is, N, then sequence B Cash Account Activity and sequence C Free Asset Activity must not be present. Sequence B Cash Account Activity and sequence C Free Asset Activity are otherwise optional.

Sequence A
if field :17B::ACTI is ...

Sequence B is ...

Sequence C is ...

N

Not allowed

Not allowed

Y

Optional

Optional
C2 Within each occurrence of subsequence B1 Activity Information Per Currency, if the Activity Flag (field :17B::ACTI) indicates no information to be reported, that is, N, then subsequence B1a Activity Information Per Transaction within that subsequence B1 is not allowed. If field 17B::ACTI is equal to 'Y', then subsequence B1a Activity Information Per Transaction is mandatory..

Subsequence B1
if field :17B::ACTI is ...

Subsequence B1a is ...

N

Not allowed

Y

Mandatory (that is minimum once)
C3 Within subsequence B1a Activity Information per Transaction, subsequence B1a2 Cash Only Movement Details and subsequence B1a3 Cash and Securities Movement Details are mutually exclusive.

If subsequence B1a2 is ...

Then subsequence B1a3 is ...

Present

Not allowed

Not present

Mandatory
C4 The following party fields cannot appear more than once in the same occurrence of subsequence B1a:

Subsequence B1a4

:95a::BUYR

:95a::DEAG

:95a::DECU

:95a::DEI1

:95a::DEI2

:95a::PSET

:95a::REAG

:95a::RECU

:95a::REI1

:95a::REI2

:95a::SELL

Sequence A if field :17B::ACTI is ...	Sequence B is ...	Sequence C is ...
N	Not allowed	Not allowed
Y	Optional	Optional

Subsequence B1 if field :17B::ACTI is ...	Subsequence B1a is ...
N	Not allowed
Y	Mandatory (that is minimum once)

If subsequence B1a2 is ...	Then subsequence B1a3 is ...
Present	Not allowed
Not present	Mandatory

Subsequence B1a4
:95a::BUYR
:95a::DEAG
:95a::DECU
:95a::DEI1
:95a::DEI2
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::SELL

C5 If a qualifier from the list Deliverers is present in a subsequence B1a4, 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 subsequence B1a, the following scenarios must be validated:

If :95a::DEI2 is present in subsequence B1a4, then :95a::DEI1 must be present in another subsequence B1a4.
If :95a::DEI1 is present in subsequence B1a4, then :95a::DECU must be present in another subsequence B1a4.
If :95a::DECU is present in subsequence B1a4, then :95a::SELL must be present in another subsequence B1a4.

If a qualifier from the list Receivers is present in a subsequence B1a4, 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 subsequence B1a, the following scenarios must be validated:

If :95a::REI2 is present in subsequence B1a4, then :95a::REI1 must be present in another subsequence B1a4.
If :95a::REI1 is present in subsequence B1a4, then :95a::RECU must be present in another subsequence B1a4.
If :95a::RECU is present in subsequence B1a4, then :95a::BUYR must be present in another subsequence B1a4.

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)

C6 The following party fields cannot appear more than once in the same occurrence of subsequence C2:

Subsequence C2a

:95a::BUYR

:95a::DEAG

:95a::DECU

:95a::DEI1

:95a::DEI2

:95a::PSET

:95a::REAG

:95a::RECU

:95a::REI1

:95a::REI2

:95a::SELL

Subsequence C2a
:95a::BUYR
:95a::DEAG
:95a::DECU
:95a::DEI1
:95a::DEI2
:95a::PSET
:95a::REAG
:95a::RECU
:95a::REI1
:95a::REI2
:95a::SELL

C7 If a qualifier from the list Deliverers is present in a subsequence C2a, 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 subsequence C2, the following scenarios must be validated:

If :95a::DEI2 is present in subsequence C2a, then :95a::DEI1 must be present in another subsequence C2a.
If :95a::DEI1 is present in subsequence C2a, then :95a::DECU must be present in another subsequence C2a.
If :95a::DECU is present in subsequence C2a, then :95a::SELL must be present in another subsequence C2a.

If a qualifier from the list Receivers is present in a subsequence C2a, 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 subsequence C2, the following scenarios must be validated:

If :95a::REI2 is present in subsequence C2a, then :95a::REI1 must be present in another subsequence C2a.
If :95a::REI1 is present in subsequence C2a, then :95a::RECU must be present in another subsequence C2a.
If :95a::RECU is present in subsequence C2a, then :95a::BUYR must be present in another subsequence C2a.

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)

C8 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	Optional	Not applicable

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

Optional

Not applicable

C9 In subsequence B1a4, if field :95a::PSET is present, then field :97a:: is not allowed in the same subsequence.

Subsequence B1a4
if field :95a::PSET is ...

Subsequence B1a4
then field :97a:: is ...

Present

Not allowed within the same occurrence

Not present

Optional
C10 In subsequence C2a, if field :95a::PSET is present, then field :97a:: is not allowed in the same subsequence.

Subsequence C2a
if field :95a::PSET is ...

Subsequence C2a
then field :97a:: is ...

Present

Not allowed within the same occurrence

Not present

Optional
C11 In sequence A, if field :95L::ALTE is present, then field :95a::ACOW must be present.
In each occurrence of sequence B, if field :95L::ALTE is present, then field :95a::ACOW must be present.
In subsequence C2, if field :95L::ALTE is present, then field :95a::ACOW must be present.

Subsequence B1a4 if field :95a::PSET is ...	Subsequence B1a4 then field :97a:: is ...
Present	Not allowed within the same occurrence
Not present	Optional

Subsequence C2a if field :95a::PSET is ...	Subsequence C2a then field :97a:: is ...
Present	Not allowed within the same occurrence
Not present	Optional

MT575 Usage Rules

This report is used by the account servicer to report on all settled or booked transactions including affected cash and free movements.
In responding to a request for statement, the MT 549, and where the report is being sent outside the agreed on frequency, the linkage sequence must contain the reference to the MT 549 previously sent by the account owner.
Where the statement period contains only free asset movements, the opening and closing cash balances will be the same.
Where the report covers a single day's activities, the to and from dates in the statement period will be identical.
Where there is no activity in a currency, the opening and closing balances must be present and be equal. Where there is no activity in the account for the period for all currencies, each currency must be reported as having an opening and closing balance of the same amount.

Where a 'free' transaction is listed, the free asset activity sequence must be used. The following types of transactions must be identified in the following sequences:

Types of transaction:	Sequence:
Deliver Versus Payment	Cash and Securities Movement Details sequence
Receive Versus Payment	Cash and Securities Movement Details sequence
Free Asset Delivery	Free Asset Movement sequence
Free Asset Receipt	Free Asset Movement sequence
Securities Income (corporate action-transactions) cash and securities involved	Cash and Securities Movement Details sequence
Securities Income (corporate action-transactions) no cash involved	Free Asset Movement sequence
Securities Income (corporate action-transactions) only cash involved	Cash Only Movement Details sequence
Cash Credit	Cash Only Movement Details sequence
Cash Debit	Cash Only Movement Details sequence

The specification of the cash and safekeeping accounts is linked to combination accounts.
Where the report is sent for a given safekeeping account linked to one cash account (maintaining separate cash sub-accounts by currency), the safekeeping account must be specified in the general information sequence and not in the cash and securities movement details sequence nor in the Free Asset Movement sequence. The cash account activity sequence must appear only once.
Where the report is sent for a given safekeeping account linked to multiple cash accounts (maintaining separate cash sub-accounts by currency), the safekeeping account must be specified in the sequence General Information and not in the cash and securities movement details sequence nor in the free asset movement sequence. For each cash account a separate sequence Cash Account Activity must be used.
Where the report is sent for a given cash account (maintaining separate cash sub-accounts by currency) linked to multiple safekeeping accounts, the safekeeping account field must not be used in the sequence General Information but in the safekeeping account must be specified in each occurrence of the Cash and securities movement details sequence and in the free asset movement sequence. The cash account activity sequence must appear only once.