| ISO20022

MT515: (26) 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 mandatory sequence C

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	BUSE	N	C7, C10	H	Buy/Sell Indicator
2	O	PRIC	N		F	Type of Price Indicator
3	O	PROC	N		F	Processing Indicator
4	O	RPOR	R		F	Reporting Indicator
5	O	PRIR	N		F	Priority Indicator
6	O	SETG	N		F	Settlement Instruction Generation Indicator
7	O	TTCO	R		F	Trade Transaction Condition Indicator
8	O	COST	N		F	Commission Type Indicator
9	M	PAYM	N		H	Payment Indicator
10	O	CATB	N		F	Charges/Tax Basis Indicator
11	O	TRCN	R		F	Trade Regulatory Conditions Indicator
12	O	CAOP	N		H	Corporate Action Option Code Indicator
13	O	ECIO	N		F	Capital Gain In/Out Indicator
14	O	TSTA	N		F	TIS Calculated Indicator
15	O	YIEL	N		F	Yield Type Indicator

DEFINITION

This qualified generic field specifies:

BUSE	Buy/Sell Indicator	Specifies whether the transaction relates to the sale or purchase of financial instruments.
CAOP	Corporate Action Option Code Indicator	Specifies the corporate action options available to the account owner.
CATB	Charges/Tax Basis Indicator	Specifies the method used to calculate a charge/tax.
COST	Commission Type Indicator	Specifies the commission sharing type under which the order is to be executed.
ECIO	Capital Gain In/Out Indicator	Specifies whether the capital gain is in the scope of the EU Savings directive for the income realised upon the sale, refund or redemption of shares and units ( ...) (Article 6(1d)).
PAYM	Payment Indicator	Specifies whether the instruction is free or against payment.
PRIC	Type of Price Indicator	Specifies the type of transaction price.
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	Indicates information with regards to reporting.
SETG	Settlement Instruction Generation Indicator	Specifies whether a settlement instruction must be generated by an Electronic Trade Confirmation (ETC) service provider.
TRCN	Trade Regulatory Conditions Indicator	Specifies the trade regulatory conditions, for example, in the US under SEC regulation 10.b.10.
TSTA	TIS Calculated Indicator	Specifies whether the fund calculates the TIS.
TTCO	Trade Transaction Condition Indicator	Specifies the conditions under which the order/trade was executed.
YIEL	Yield Type Indicator	Specifies the type of yield at which the transaction was effected.

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 PRIC and Data Source Scheme is not present, Indicator must contain one of the following codes:

AVER	Average Execution Price	Price is an average execution price.
AVOV	Override of the Average Price	Price is an override of the average price.
GREX	Gross Execution Price	Price is an all inclusive price, that is, including all charges, fees and taxes.
NET1	Net Price 1	Price is a net price, that is, net of all charges, taxes, or fees.
NET2	Net Price 2	Price is a net price, that is, net only of local broker's commission, local fees, or local taxes.
PARV	Par Value	Price is a par value or equal to the nominal or face value of the instrument.
RDAV	Rounded Average Price	Price is a rounded average price.

CODES

In option F, if Qualifier is PROC and Data Source Scheme is not present, Indicator must contain one of the following codes:

CLOA	Close Account	Trade relates to a closure of an account.
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:

DEFR	Deferred Report	The report is deferred, for example, because the order was executed in partial fills.
EXCH	Stock Exchange	Trade details are to be reported to a stock exchange. This stock exchange is identified in sequence E Other Parties.
TRRE	Trade Details Reported	Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence E Other Parties.

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 F, if Qualifier is TTCO and Data Source Scheme is not present, Indicator must contain one of the following codes:

BCBL	Board Lots	Trade is to be executed on board lots; not set for odd lots (UK specific).
BCBN	Bad Names	Trade is to be executed on bad names, not set for good names (UK specific).
BCFD	Form of Delivery	Not for foreign registration when unset (UK specific).
BCPD	Place of Delivery	In country of incorporation when unset (UK specific).
BCRO	Result of Option When Set	Result of option when set (UK specific).
BCRP	Result of Repo When Set	Result of repo when set (UK specific).
BLKO	Block Order	Trade is a block trade, allocation instructions will follow.
BTEX	Best Execution	Trade was executed at best execution.
BTMI	Bought Minus	Bought minus indicator.
CALL	Call	Trade executed following the exercise of a call option on the security.
CBNS	Cum Bonus	Trade is executed cum bonus.
CCPN	Cum Coupon	Trade is executed cum coupon.
CDIV	Cum Dividend	Trade is executed cum dividend.
CLBR	Closure Before Rollover	Trade executed for closure of a previous position before the rollover of a position (Deferred Settlement Service).
CLEN	Clean	Trade is to be executed clean, that is, does not pay government tax on the accrued interest on the bond, and consequently price is higher.
CRST	Cross Trade Allowed	Cross trades are allowed whereby buy and sell orders are offset without recording the trade on the exchange.
CRTS	Cum Rights	Trade is executed cum rights.
CWAR	Cum Warrants	Trade is executed cum warrants.
DIOR	Directed Order	Trade is executed with a specific trading party.
DIRT	Dirty	Trade is executed dirty, that is, pay government tax on the accrued interest of the bond.
DORD	Direct Order	Trade is executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
FORW	Forward Price	Trade is based on forward price. Price was calculated after the close of the dealing period.
FRAC	Fractional Parts Allowed	Fractional parts allowed.
GTDL	Guaranteed Delivery	Delivery of the financial instrument on settlement date is guaranteed.
HIST	Historic Price	Trade is based on historic price.
MAPR	Market Price	The trade was executed at market price.
MONT	Monthly	Trade executed for month-end settlement (Deferred Settlement Service).
NBFR	New Trade Following Rollover	Trade executed for a new trade position on the next month following the rollover of a position (Deferred Settlement Service).
NCRS	No Cross Trade Allowed	No cross trade allowed.
NEGO	Negotiated Trade	A negotiated trade is a trade for which the price is not the one quoted but an improved one that is, negotiated price.
NMPR	Non-Market Price	The trade was executed outside of normal market conditions (for example, in the case of an iceberg order).
PETA	PreTrade Anonymity	Allows trader to explicitly request anonymity or disclosure in pre-trade market data feeds. Anonymity is relevant in markets where counterparties are regularly disclosed in order depth feeds. Disclosure is relevant when counterparties are not normally visible.
PUTT	Putt	Trade executed following the exercise of a put option on the security.
SETI	Sold Exempt	Trade is exempt from short-sale rules.
SPCU	Special Cum Dividend	Trade is executed with a special cum dividend, that is, buying after the ex date and getting the dividend.
SPEX	Special Ex Dividend	Trade is executed with a special ex dividend, that is, selling before the ex date without the coupon.
SPSI	Sold Plus	Sold plus indication.
SSTI	Sold Short	Sold short indication.
TEFR	Trade Executed Following Rollover	Trade executed this month following the rollover of positions.
TRFR	Trade Following Rollover	Trade executed on the next month following the rollover of positions.
XBNS	Ex Bonus	Trade is executed ex bonus.
XCPN	Ex Coupon	Trade is executed ex coupon.
XDIV	Ex Dividend	Trade is executed ex dividend.
XRTS	Ex Rights	Trade is executed ex rights.
XWAR	Ex Warrants	Trade is executed ex warrants.

CODES

In option F, if Qualifier is COST and Data Source Scheme is not present, Indicator must contain one of the following codes:

CLDI	Per Client Agreement	Commission is as per client agreement.
FLAT	Flat Fee	Commission is a flat fee.
PERN	Percentage of Principal in Basis Points	Commission is a percentage of principal.
PERU	Per Unit	Commission is per unit of financial instrument.
PWCD	Percentage Commission Waived as Cash Discount	Commission is a percentage commission waived as cash discount.
PWEU	Percentage Commission Waived as Additional Units	Commission is a percentage commission waived as additional units.
SOFT	Soft Dollar Commission Sharing	Commission is a soft dollar percentage commission.
STEP	Commission Sharing Type is for Step-out Trade	Commission is for a step-out trade.

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

In option F, if Qualifier is CATB and Data Source Scheme is not present, Indicator must contain one of the following codes:

FLAT	Charges/Tax Basis Flat or Absolute	Charges/tax basis is flat or absolute for the trade being allocated.
PERU	Charges/Tax Basis per Unit	Charge/tax basis is per unit of financial instrument.

CODES

In option F, if Qualifier is TRCN and Data Source Scheme is not present, Indicator must contain one of the following codes:

SOLI	Solicited	Trade was solicited by the executing broker. The broker has suggested to his client to buy/sell financial instruments.
USOL	Unsolicited	Trade was unsolicited. The client acts on its own without advice from the executing broker.

CODES

In option H, if Qualifier is CAOP, Indicator must contain one of the following codes:

CASH	Cash	Distribution of cash to holders.
DRIP	Reinvestment of Proceeds	Reinvestment proceeds into securities.

CODES

In option F, if Qualifier is ECIO and Data Source Scheme is not present, Indicator must contain one of the following codes:

EUSI	Capital Gain In	Capital gain is in the scope of the directive.
EUSO	Capital Gain Out	Capital gain is out of the scope of the directive.
UKWN	Unknown	Unknown whether capital gain is in or out of the scope of the directive.

CODES

In option F, if Qualifier is TSTA and Data Source Scheme is not present, Indicator must contain one of the following codes:

TSIN	TIS Not Calculated	The fund is NOT calculating the taxable income per share within NAV.
TSIY	TIS Calculated	The fund is calculating the taxable income per share within NAV.
UKWN	Unknown	Unknown whether the fund is calculating the taxable income per share within NAV.

CODES

In option F, if Qualifier is YIEL and Data Source Scheme is not present, Indicator must contain one of the following codes:

CALL	To Call	Transaction was effected at yield to call.
CURR	Current	Transaction was effected at current yield.
MATU	Maturity	Transaction was effected at yield to maturity.

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 CAOP is to be used for investment funds only, whereby the holder has the option to receive the distribution in cash or to reinvest in securities.

If field :22H::BUSE//SWIT is used, then in the linkage sequence reference must be made to the previous message sent and containing field :22H::BUSE//SWIF.

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 515 with any of the above codes will receive a NAK with error code G26.