MT564: (60) Field 17B: Flag
FORMAT
| Option B | :4!c//1!a | (Qualifier)(Flag) |
PRESENCE
Mandatory in optional sequence E
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
DFLT |
N |
|
B |
Default Processing Flag |
|
or |
STIN |
N |
|
B |
Standing Instruction Flag |
2 |
O |
RCHG |
N |
|
B |
Charges Flag |
3 |
O |
CERT |
N |
|
B |
Certification/Breakdown Flag |
4 |
O |
WTHD |
N |
|
B |
Withdrawal Allowed Flag |
5 |
O |
CHAN |
N |
|
B |
Change Allowed Flag |
6 |
O |
APLI |
N |
|
B |
Applied Option Flag |
DEFINITION
This qualified generic field specifies:
APLI |
Applied Option Flag |
Indicates whether the option, different from the default one, shall be applied by the account owner. |
CERT |
Certification/Breakdown Flag |
Indicates whether certification/breakdown is required. |
CHAN |
Change Allowed Flag |
Indicates whether change of instruction is allowed. |
DFLT |
Default Processing Flag |
Indicates whether the option, for example, currency option, will be selected by default if no instruction is provided by the account owner. |
RCHG |
Charges Flag |
Indicates whether charges apply to the holder, for instance redemption charges. |
STIN |
Standing Instruction Flag |
Indicates whether an account owner has placed a standing order to select this corporate action option. |
WTHD |
Withdrawal Allowed Flag |
Indicates whether withdrawal of instruction is allowed. |
CODES
Flag must contain one of the following codes:
N |
No |
No. |
Y |
Yes |
Yes. |
USAGE RULES
The qualifier APLI should only be used with value Y for mandatory events that require account owner action that is when :22F::ADDB//REAC is used in sequence D. The qualifier APLI should not be used when the DFLT flag value is Y.
Market Practice Rules
If qualifiers CHAN or WTHD are used, then field :69a::REVO must be used in sequence E to indicate the period during which the change or withdrawal of instruction is allowed.
