MT546: (5) 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
Optional in mandatory sequence A
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
PREC |
N |
|
H |
Pre-Confirmation Indicator |
2 |
O |
PARS |
N |
|
F |
Partial Settlement Indicator |
DEFINITION
This qualified generic field specifies:
PARS |
Partial Settlement Indicator |
Specifies partial settlement information. |
PREC |
Pre-Confirmation Indicator |
Specifies whether there exists a pre-confirmation. |
CODES
In option H, if Qualifier is PREC, Indicator must contain one of the following codes:
PRCA |
Pre-Confirm Cash |
Pre-confirmation of the movement of the cash pending the movement of securities. |
PRSE |
Pre-Confirm Securities |
Pre-confirmation of the movement of the securities pending the movement of cash. |
CODES
In option F, if Qualifier is PARS and Data Source Scheme is not present, Indicator must contain one of the following codes:
PAIN |
Partial Settlement |
Confirmation is for partial settlement. Part of the instruction remains unsettled. |
PARC |
Partially Confirmed |
Confirmation is for partial settlement. No additional settlement will take place. |
Market Practice Rules
Partial settlement:
This market practice only applies in markets where partial settlement is allowed.
The partial settlement indicators should be used as follows:
:22F::PARS//PAIN is sent in the first message(s) (there may be more than one) confirming the partial settlement of an instruction.
:22F::PARS//PARC is sent in the very last message sent to confirm the settlement of the remaining part.
For more details, see the relevant market practice document on www.smpg.info.
