| ISO20022

MT576 Scope

This message is sent by an executing party, for example, a broker-dealer, which has accepted one or several orders to buy or sell financial instruments, to an instructing party, for example, a client, or its authorised agent. Where permitted, it may also be sent by a point of execution, for example, an exchange, to list open orders.

This message identifies, as at a specific date, orders which have not yet been legally agreed or fully executed. It may include all open orders or selected open orders by financial instrument in all or selected safekeeping accounts or sub-accounts.

MT576 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
----->
M	98a	4!c	Date/Time	(see qualifier description)	A, C, or E	6
-----\|
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	7
O	13a	LINK	Number Identification	Linked Message	A or B	8
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	9
M	16S			End of Block	LINK	10
-----\| End of Subsequence A1 Linkages
----->
O	95a	4!c	Party	(see qualifier description)	L, P, or R	11
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	12
M	17B	ACTI	Flag	Activity Flag	:4!c//1!a	13
M	16S			End of Block	GENL	14
End of Sequence A General Information
-----> Optional Repetitive Sequence B Financial Instrument
M	16R			Start of Block	FIN	15
M	35B			Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	16
Optional Subsequence B1 Financial Instrument Attributes
M	16R			Start of Block	FIA	17
O	94B	PLIS	Place	Place of Listing	:4!c/[8c]/4!c[/30x]	18
----->
O	22F	4!c	Indicator	(see qualifier description)	:4!c/[8c]/4!c	19
-----\|
----->
O	12a	4!c	Type of Financial Instrument	(see qualifier description)	A, B, or C	20
-----\|
O	11A	DENO	Currency	Currency of Denomination	:4!c//3!a	21
----->
O	98A	4!c	Date/Time	(see qualifier description)	:4!c//8!n	22
-----\|
----->
O	92A	4!c	Rate	(see qualifier description)	:4!c//[N]15d	23
-----\|
----->
O	13a	4!c	Number Identification	(see qualifier description)	A or B	24
-----\|
----->
O	17B	4!c	Flag	(see qualifier description)	:4!c//1!a	25
-----\|
----->
O	90a	4!c	Price	(see qualifier description)	A or B	26
-----\|
----->
O	36a	4!c	Quantity of Financial Instrument	(see qualifier description)	B or D	27
-----\|
O	70E	FIAN	Narrative	Financial Instrument Attribute Narrative	:4!c//10*35x	28
M	16S			End of Block	FIA	29
End of Subsequence B1 Financial Instrument Attributes
-----> Optional Repetitive Subsequence B2 Order Details
M	16R			Start of Block	ORDER	30
O	98a	ORDR	Date/Time	Date/Time of Order	A or C	31
----->
O	36a	4!c	Quantity of Financial Instrument	(see qualifier description)	B or D	32
-----\|
----->
O	19A	4!c	Amount	(see qualifier description)	:4!c//[N]3!a15d	33
-----\|
O	11A	4!c	Currency	(see qualifier description)	:4!c//3!a	34
-----> Optional Repetitive Subsequence B2a Linkages
M	16R			Start of Block	LINK	35
O	13a	LINK	Number Identification	Linked Message	A or B	36
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	37
M	16S			End of Block	LINK	38
-----\| End of Subsequence B2a Linkages
-----> Optional Repetitive Subsequence B2b Price
M	16R			Start of Block	PRIC	39
M	90a	4!c	Price	(see qualifier description)	A or B	40
O	22F	PRIC	Indicator	Type of Price Indicator	:4!c/[8c]/4!c	41
M	16S			End of Block	PRIC	42
-----\| End of Subsequence B2b Price
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	43
-----\|
----->
O	98a	4!c	Date/Time	(see qualifier description)	A or C	44
-----\|
-----> Optional Repetitive Subsequence B2c Trading Parties
M	16R			Start of Block	TRADPRTY	45
----->
M	95a	4!c	Party	(see qualifier description)	L, P, Q, R, or S	46
-----\|
O	97a	4!c	Account	(see qualifier description)	A, B, or D	47
O	98a	PROC	Date/Time	Processing Date/Time	A or C	48
O	20C	PROC	Reference	Processing Reference	:4!c//16x	49
----->
O	70a	4!c	Narrative	(see qualifier description)	C or E	50
-----\|
O	22F	TRCA	Indicator	Party Capacity Indicator	:4!c/[8c]/4!c	51
M	16S			End of Block	TRADPRTY	52
-----\| End of Subsequence B2c Trading Parties
M	16S			End of Block	ORDER	53
-----\| End of Subsequence B2 Order Details
M	16S			End of Block	FIN	54
-----\| End of Sequence B Financial Instrument
Optional Sequence C Additional Information
M	16R			Start of Block	ADDINFO	55
----->
O	95a	4!c	Party	(see qualifier description)	P, Q, or R	56
-----\|
M	16S			End of Block	ADDINFO	57
End of Sequence C Additional Information

MT576 Network Validated Rules

C1 If the Activity Flag (field :17B::ACTI) in sequence A General Information indicates no pending transactions, that is, N, then sequence B Financial Instrument must not be present.

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

Sequence B is ...

N

Not allowed

Y

Mandatory

Sequence A If field :17B::ACTI is ...	Sequence B is ...
N	Not allowed
Y	Mandatory

C2 The Safekeeping Account (field :97a::) must be identified in sequence A General Information, or in all occurrences of subsequence B2c Trading Parties, but not in both.

Sequence A if field :97a:: is ...	Then subsequence B2c is ...	And in all occurrences of subsequence B2c field :97a:: is ...
Present	Optional	Not allowed
Not present	Mandatory (that is, minimum one occurrence of subsequence B2c)	Mandatory in all occurrences of subsequence B2c

Sequence A if field

:97a:: is ...

Then subsequence B2c is ...

And in all occurrences of subsequence B2c field :97a:: is ...

Present

Optional

Not allowed

Not present

Mandatory (that is, minimum one occurrence of subsequence B2c)

Mandatory in all occurrences of subsequence B2c

C3 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

C4 In each occurrence of subsequence B2, either an ordered quantity (field :36B::ORDR) or an ordered amount (field :19A::ORDR) must be present, but not both; in addition, if field 36B is present then field 19A must not be present, and vice versa if field 19A is present then field 36B must not be present.

In each occurrence of subsequence B2 if field :36B:: is ...	In the same occurrence of subsequence B2 then field :36B::ORDR is ...	In the same occurrence of subsequence B2 and field :19A: is ...
Present	Mandatory	Not allowed
Not present	Not applicable	:19A::ORDR is Mandatory

In each occurrence of subsequence B2

if field :36B:: is ...

In the same occurrence of subsequence B2

then field :36B::ORDR is ...

In the same occurrence of subsequence B2

and field :19A: is ...

Present

Mandatory

Not allowed

Not present

Not applicable

:19A::ORDR is Mandatory

C5 In sequence A, if field :95L::ALTE is present, then field :95a::ACOW must be present.
C6 In each occurrence of subsequence B2c, 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).

MT576 Usage Rules

When a broker is identified as a confirming party, the party capacity (:22F::TRCA) must be specified.
When the statement is sent for a date on which no orders are open, this must be specified in the activity flag.
Since a SWIFT statement message as sent, is restricted to maximum input message length of 10,000 characters, it is possible that several messages may be needed to accommodate all the information.
The Receiver of a request to cancel must advise the requesting party that the request has been accepted or denied in an MT 509 Trade Status Message.