MT518: (33) Field 12a: Type of Financial Instrument
FORMAT
| Option A | :4!c/[8c]/30x | (Qualifier)(Data Source Scheme)(Instrument Code or Description) |
| Option B | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Instrument Type Code) |
| Option C | :4!c//6!c | (Qualifier)(CFI Code) |
PRESENCE
Optional in optional subsequence B2
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
CLAS |
N |
|
A or C |
Classification Type |
2 |
O |
OPST |
N |
|
B |
Option Style |
3 |
O |
OPTI |
N |
|
B |
Option Type |
DEFINITION
This qualified generic field specifies:
CLAS |
Classification Type |
Classification type of the financial instrument, for example, ISO Classification of Financial instrument (CFI). |
OPST |
Option Style |
Specifies how an option can be exercised. |
OPTI |
Option Type |
Specifies whether it is a call option or a put option. |
CODES
In option B, if Qualifier is OPST and Data Source Scheme is not present, Instrument Type Code must contain one of the following codes:
AMER |
American Style |
Option can be exercised before or on expiry date. |
EURO |
European Style |
Option can be exercised on expiry date only. |
CODES
In option B, if Qualifier is OPTI and Data Source Scheme is not present, Instrument Type Code must contain one of the following codes:
CALL |
Call Option |
A right to buy a defined quantity of an asset by a certain date at an agreed price. |
PUTO |
Put Option |
A right to sell a defined quantity of an asset by a certain date at an agreed price. |
USAGE RULES
When option C is used, CFI Code must be a valid ISO CFI code.
To use the codes associated with the ISITC code for security type, /ASCT/, Data Source Scheme must be ISIT, and Instrument Code or Description must contain a valid ISITC security type code.
EXAMPLE
:12C::CLAS//ESVUFR
(CFI code for equity, common share, voting rights, unrestricted, fully paid and registered).
