MT541: (14) Field 94a: Place
FORMAT
| Option B | :4!c/[8c]/4!c[/30x] | (Qualifier)(Data Source Scheme)(Place Code)(Narrative) |
| Option H | :4!c//4!a2!a2!c[3!c] | (Qualifier)(Identifier Code) |
| Option L | :4!c//18!c2!n | (Qualifier)(Legal Entity Identifier) |
PRESENCE
Optional in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
CLEA |
R |
C18 |
H or L |
Place of Clearing |
2 |
O |
TRAD |
R |
C18 |
B or L |
Place of Trade |
DEFINITION
This qualified generic field specifies:
CLEA |
Place of Clearing |
Place at which the trade is cleared (Central Counterparty). |
TRAD |
Place of Trade |
Place at which the order was traded, directly by the instructing party or not. |
CODES
In option B, if Qualifier is TRAD and Data Source Scheme is not present, Place Code must contain one of the following codes:
EXCH |
Stock Exchange |
Place of trade is a stock exchange. |
OTCO |
Over The Counter |
Place of trade is over the counter. |
PRIM |
Primary Market |
Place of trade is the primary market. |
SECM |
Secondary Market |
Place of trade is the secondary market. |
VARI |
Various |
Trade was executed on various places. |
NETWORK VALIDATED RULES
Identifier Code must be a registered BIC.
Narrative must not start or end with a slash '/' and must not contain two consecutive slashes '//'.
USAGE RULES
When Place Code is OTCO, Narrative, if present, must specify the system. When Place Code is EXCH, Narrative, if present, must specify the Market Identifier Code (MIC).
A cross-exchange netted transaction is to be identified by the combination of Various (Place field :94B::TRAD//VARI) and Netting (Indicator field :22F::SETR//NETT).
EXAMPLE
:94B::TRAD//EXCH/XNYS for the New York Stock Exchange.
