MT509: (20) Field 22a: Indicator
FORMAT
| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in optional sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
BUSE |
N |
C3 |
H |
Buy/Sell Indicator |
2 |
O |
PROC |
R |
|
F |
Processing Indicator |
3 |
O |
RPOR |
R |
|
F |
Reporting Indicator |
4 |
O |
PRIR |
N |
|
F |
Priority Indicator |
5 |
O |
SETG |
N |
|
F |
Settlement Instruction Generation Indicator |
6 |
M |
PAYM |
N |
|
H |
Payment Indicator |
DEFINITION
This qualified generic field specifies:
BUSE |
Buy/Sell Indicator |
Specifies whether the transaction relates to the sale or purchase of financial instruments. |
PAYM |
Payment Indicator |
Specifies whether the instruction is free or against payment. |
PRIR |
Priority Indicator |
Specifies the execution priority of the trade. |
PROC |
Processing Indicator |
Specifies additional information relative to the processing of the trade. |
RPOR |
Reporting Indicator |
Specifies whether the trade details must be reported to a regulatory organisation. |
SETG |
Settlement Instruction Generation Indicator |
Specifies whether a settlement instruction must be generated by an Electronic Trade Confirmation (ETC) service provider. |
CODES
In option H, if Qualifier is BUSE, Indicator must contain one of the following codes:
BUYI |
Buy |
Transaction is a purchase of financial instrument by the instructing party. |
CROF |
Cross From |
Transaction is a cross from (Funds Industry). |
CROT |
Cross To |
Transaction is a cross to (Funds Industry). |
DIVR |
Reinvestment of Dividend Order |
Transaction is a reinvestment of dividend order (Funds Industry. Not to be used for corporate actions). |
FPOO |
FPO Order |
Transaction is an FPO (Follow on Public Offer) bid or order. |
IPOO |
IPO Order |
Transaction is an IPO (Initial Public Offering) bid or order. |
IPPO |
IPP Order |
Transaction is an IPP (Institutional Placement Programme) bid or order. |
REDM |
Redemption |
Transaction is a redemption of funds. |
SELL |
Sell |
Transaction is a sale of financial instrument by the instructing party. |
SUBS |
Subscription |
Transaction is a subscription to funds. |
SWIF |
Switch From |
Transaction is a change of an investment from one sub-fund to another sub-fund (redemption-leg). |
SWIT |
Switch To |
Transaction is a change of an investment from one sub-fund to another sub-fund (subscription-leg). |
CODES
In option F, if Qualifier is PROC and Data Source Scheme is not present, Indicator must contain one of the following codes:
CLOP |
Close Position |
Trade is to close a position. |
OPEP |
Open Position |
Trade is to open a position. |
CODES
In option F, if Qualifier is RPOR and Data Source Scheme is not present, Indicator must contain one of the following codes:
EXCH |
Stock Exchange |
Trade details are to be reported to a stock exchange. This stock exchange is identified in the Other Parties sequence. |
TRRE |
Trade Details Reported |
Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in the Other Parties sequence. |
CODES
In option F, if Qualifier is SETG and Data Source Scheme is not present, Indicator must contain one of the following codes:
GENS |
Instruction Generation by ETC Provider |
Specifies if the ETC service provider is to generate a settlement instruction. |
NOGE |
Not Instruction Generation by ETC Provider |
Specifies if the ETC service provider is not to generate a settlement instruction where a previous agreement to do so exists. |
CODES
In option H, if Qualifier is PAYM, Indicator must contain one of the following codes:
APMT |
Against Payment |
Against payment. |
FREE |
Free |
Free. |
CODES
If Qualifier is PRIR and Data Source Scheme is not present, Indicator must contain a numerical value in the range 0001 - 9999 where 0001 refers to the highest priority.
USAGE RULES
The qualifier BUSE, with codes SUBS, DIVR, REDM, CROF, CROT, SWIF and SWIT must only be used by institutions that are members of the Funds Closed User Group (CUG). Institutions that are not members of the Funds CUG and that send the MT 509 with any of the above codes will receive a NAK with error code G26.
