MT516: (16) Field 26H: Collateral Type
FORMAT
| Option H | 16x |
PRESENCE
Optional in optional sequence B
DEFINITION
This field specifies the type of collateral used in the securities loan.
CODES
One of the following codes must be used:
CASHCOLL |
Collateral in the form of cash. |
EXISTING |
Collateral is already provided for under an existing agreement. |
LETTCOLL |
Collateral in the form of a letter of credit or guarantee. |
OTHECOLL |
Collateral in a form other than cash, letter of credit/guarantee or securities or mixed. |
SECUCOLL |
Collateral in the form of securities. |
USAGE RULES
When the code OTHECOLL is used, further details of the collateral arrangement must be specified in field 77D Special Terms and Conditions.
This field should normally be present when field 23 contains the code NEWLON to specify the collateral arrangement.
