MT502: (28) Field 22F: Indicator
FORMAT
| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
PRESENCE
Optional in mandatory subsequence B2
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
TRCA |
N |
|
F |
Party Capacity Indicator |
2 |
O |
INCA |
N |
|
F |
Investor Capacity Indicator |
DEFINITION
This qualified generic field specifies:
INCA |
Investor Capacity Indicator |
Role of the investor in the transaction. |
TRCA |
Party Capacity Indicator |
Specifies the role of the party in the transaction. |
CODES
If Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes:
AGEN |
Trading as Agent |
Party is trading on behalf of his client. |
BAGN |
Acting as Agent for Customer and Other Person |
Party is acting as an agent for both customer and another person. |
CAGN |
Crossing as Agent |
Party is crossing on behalf of his client. |
CPRN |
Crossing as Principal |
Party is crossing for his own account. |
OAGN |
Acting as Agent for Person Other than Customer |
Party is acting as an agent for a person other than a customer. |
PRAG |
Acting as Agent for Some Executions and Principal |
Party is acting as an agent for some executions and principal for others. |
PRIN |
Trading as Principal |
Party is trading for his own account. |
RISP |
Acting as Riskless Principal |
Party is trading as a riskless principal, that is, the order to buy (sell) has been simultaneously offset by an order to sell (buy) with another party. |
CODES
If Qualifier is INCA and Data Source Scheme is not present, Indicator must contain one of the following codes:
ELIG |
Eligible Counterparty |
MiFID classification of counterparty. Eligible customers are the most sophisticated level of investor, able to opt out of some of the protections afforded by conduct of business rules defined under MiFID. |
PROF |
Professional Client |
MiFID classification of counterparty. Professional customers are, for example, investment firms, credit institutions, insurance companies. |
RETL |
Retail Client |
MiFID classification of counterparty. Retail customers are the least sophisticated level of investor. |
USAGE RULES
For Qualifier INCA, the use of the codes needs to be bilaterally agreed.
