MT516: (24) Field 77D: Special Terms and Conditions
FORMAT
| Option D | 6*35x | (Narrative) |
PRESENCE
Optional in optional sequence C
DEFINITION
This field contains additional information about terms and conditions of the securities loan or its recall or return.
CODES
One or more of the following codes may be used, placed between slashes ('/'), followed by the necessary information:
COLL |
Used to indicate the type of collateral used in those cases where field 26H contains OTHECOLL, LETTCOLL or EXISTING. |
CUM |
Used to indicate that the securities lent are cum coupon or dividend. |
DIVREQ |
Used to indicate the percentage of the gross dividend that the beneficial owner will receive and is to return to the lender. The percentage amount, that is, 15d, to be returned to the lender should follow the code. |
EX |
Used to indicate that the securities lent are ex coupon or dividend. |
