MT586 Network Validated Rules

• C1 If the activity flag (field :17B:ACTI) in sequence A General Information is N, then sequence B must not be present. Otherwise, sequence B is mandatory.

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

• C2 If the instruction is against payment (:22H::PAYM//APMT) then it is mandatory to specify a Settlement Amount (field :19A::SETT). This rule applies to sequence B.

  Sequence B if field :22H::PAYM is ...	Then subsequence B6b Amounts is ...	And in one occurrence of subsequence B6b Amounts field :19A::SETT
  APMT	Mandatory	Mandatory
  Not equal to APMT	Optional	Optional

• C3 Within each occurrence of sequence B the following amount fields cannot appear in more than one occurrence of the subsequence B6b (Amounts):

  Subsequence B6b Amounts
  :19A::ACRU
  :19A::CHAR
  :19A::DEAL
  :19A::EXEC
  :19A::LOCL
  :19A::LOCO
  :19A::OTHR
  :19A::SETT
  :19A::STAM
  :19A::TRAX
  :19A::WITH
  :19A::COAX

• C4 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. This check applies within each occurrence of subsequence B6b (Amounts).

  Subsequence B6b Amounts if field :92B::EXCH is ...	Subsequence B6b Amounts then field :19A::RESU is ...
  Present	Mandatory
  Not present	Not allowed

• C5 The following party fields cannot appear more than once in the same occurrence of sequence B:

  Subsequence B6a Settlement Parties
  :95a::BUYR
  :95a::DEAG
  :95a::DECU
  :95a::DEI1
  :95a::DEI2
  :95a::PSET
  :95a::REAG
  :95a::RECU
  :95a::REI1
  :95a::REI2
  :95a::SELL

• C6 Within each occurrence of sequence B, if the allegement is a delivery (:22H::REDE//DELI in sequence B), then it is mandatory to specify a delivering agent: one occurrence of subsequence B6a (Settlement Parties) must contain party field :95a::DEAG.

  Within each occurrence of sequence B, if the allegement is a receipt (:22H::REDE//RECE in sequence B), then it is mandatory to specify a Receiving Agent: One occurrence of subsequence B6a (Settlement Parties) must contain party field :95a::REAG.

  Sequence B if field :22H::REDE is ...	Then in the same occurrence of sequence B, in one occurrence of sequence B6a Settlement Parties field :95a::DEAG
  DELI	Must be present

  Sequence B if field :22H::REDE is ...	Then in the same occurrence of sequence B, in one occurrence of sequence B6a Settlement Parties field :95a::REAG
  RECE	Must be present

• C7 If a qualifier from the list deliverers is present in a subsequence B6a (Settlement Parties), 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 B6 (Settlement Details), the following scenarios must be validated:

  • If :95a::DEI2 is present in subsequence B6a (Settlement Parties), then :95a::DEI1 must be present in another subsequence B6a (Settlement Parties).

  • If :95a::DEI1 is present in subsequence B6a (Settlement Parties), then :95a::DECU must be present in another subsequence B6a (Settlement Parties).

  • If :95a::DECU is present in subsequence B6a (Settlement Parties), then :95a::SELL must be present in another subsequence B6a (Settlement Parties).

  If a qualifier from the list receivers is present in a subsequence B6a (Settlement Parties), 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 B6 (Settlement Details), the following scenarios must be validated:

  • If :95a::REI2 is present in subsequence B6a (Settlement Parties), then :95a::REI1 must be present in another subsequence B6a (Settlement Parties).

  • If :95a::REI1 is present in subsequence B6a (Settlement Parties), then :95a::RECU must be present in another subsequence B6a (Settlement Parties).

  • If :95a::RECU is present in subsequence B6a (Settlement Parties), then :95a::BUYR must be present in another subsequence B6a (Settlement Parties).

  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

• C9 In subsequence B6a (Settlement Parties), if field :95a::PSET is present, then field :97a:: is not allowed in the same subsequence.

  Subsequence B6a Settlement Parties if field :95a::PSET is ...	Subsequence B6a Settlement Parties then field :97a:: is ...
  Present	Not allowed within the same occurrence
  Not present	Optional

• C10 A value date must only be provided for cash/securities split settlement. That is, in any occurrence of subsequence B6b (Amounts), if value date field :98a::VALU is present, then in subsequence B6 (Settlement Details) field :22F::STCO//SPST must be present, and settlement amount field :19A::SETT must be present in the same subsequence B6b (Amounts).

  In any occurrence of subsequence B6b Amounts if field :98a::VALU is ...	Subsequence B6 Settlement Details then field :22F::STCO//SPST with DSS not present is ...	In the same occurrence of subsequence B6b Amounts and field :19A::SETT is ...
  Present	Mandatory	Mandatory
  Not present	Optional	Optional

• C11 In sequence A, if field :95L::ALTE is present, then field :95a::ACOW must be present.

• C12 In each occurrence of 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 each occurrence of 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 subsequence B4 (Financial Instrument/Account), 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 B6a (Settlement Parties), 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 C, 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).

• C13 In each occurrence of sequence C, if field :95a::ALTE is present with format option L, then field :95a::MEOR and field :95a::MERE must not be present in the same occurrence of the sequence.

• C14 In sequence A, if Subfunction in field 23G is PORT, then field 95Q is optional, otherwise it is not allowed.

  Sequence A if Subfunction in field 23G is ...	Sequence A then field 95Q is ...
  PORT	Optional
  Any other value	Not allowed