MT564: (68) 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
Mandatory in optional subsequence E1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
CRDB |
N |
|
H |
Credit/Debit Indicator |
2 |
O |
TEMP |
N |
|
F |
Temporary Indicator |
3 |
O |
NELP |
N |
|
F |
Non Eligible Proceeds Indicator |
4 |
O |
TXAP |
N |
|
F |
Issuer/Offeror Taxability Indicator |
5 |
O |
NSIS |
N |
|
H |
New Securities Issuance Indicator |
6 |
O |
ITYP |
N |
C29 |
F |
Type of Income |
7 |
O |
ETYP |
R |
|
F |
Type of Exemption |
8 |
O |
OTYP |
R |
C29 |
F |
Other Type of Income |
DEFINITION
This qualified generic field specifies:
CRDB |
Credit/Debit Indicator |
Specifies whether the value is a debit or credit. |
ETYP |
Type of Exemption |
Specifies the basis for the reduced rate of withholding. |
ITYP |
Type of Income |
Specifies the type of income. |
NELP |
Non Eligible Proceeds Indicator |
Specifies information regarding outturn resources that cannot be processed by the CSD. Special delivery instruction is required from the account owner for the CA outcome to be credited. |
NSIS |
New Securities Issuance Indicator |
Indicates whether the securities are newly issued or not. |
OTYP |
Other Type of Income |
Type of income to be used under another tax regime. |
TEMP |
Temporary Indicator |
Specifies that the security identified is a temporary security identification used for processing reasons, for example, contra security used in the US. |
TXAP |
Issuer/Offeror Taxability Indicator |
Proceeds are taxable according to the information provided by the issuer/offeror. |
CODES
In option H, if Qualifier is CRDB, Indicator must contain one of the following codes:
CRED |
Credit |
Value is a credit. |
DEBT |
Debit |
Value is a debit. |
CODES
In option F, if Qualifier is TEMP and Data Source Scheme is not present, Indicator must contain the following code:
TEMP |
Temporary Financial Instrument Identification |
Temporary financial instrument identification used for processing reasons. |
CODES
In option F, if Qualifier is NELP and Data Source Scheme is not present, Indicator must contain one of the following codes:
ACLI |
Account Limitation |
Participant's account limitation. |
NELC |
Non Eligible Currency |
Currency not eligible for settlement in the CSD. |
NELS |
Non Eligible Security |
Security not eligible in the CSD. |
ONEL |
Other Non Eligibility |
Other source of non eligibility. |
CODES
In option F, if Qualifier is TXAP and Data Source Scheme is not present, Indicator must contain the following code:
TXBL |
Taxable |
The securities proceeds are taxable. |
CODES
In option H, if Qualifier is NSIS, Indicator must contain one of the following codes:
DEFE |
Defeased Security Indicator |
Funds have been placed in escrow by a trustee or agent to ensure payment on a portion of the outstanding balance of the original security on maturity date. |
EXIS |
Existing Issue |
The securities proceeds are not new issues. |
NDEF |
Non Defeased Security Indicator |
Funds will not be guaranteed at maturity by the issuer or paying agent for this newly issued non-defeased security. |
NEIS |
New Issue |
The securities proceeds are newly issued. |
NREF |
Non-Refunded Security Indicator |
New Security issued that has not been refunded and the maturity date of the original underlying security is unchanged. Applicable only in the frame of a partial defeasance corporate action event. |
REFU |
Refunded Security Indicator |
New security issued which has been refunded to an earlier maturity date. Applicable only in the frame of a partial defeasance corporate action event. |
UKWN |
Unknown |
It is not known whether the securities proceeds are newly issued or not. |
CODES
If Qualifier is TXAP and Data Source Scheme is present, for example, IRSX in the United States, then the lists of Issuer/Offeror Taxability codes that may be used in Indicator are provided in the document titled "TXAP Taxability Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is ITYP, Data Source Scheme must be used, for example, IRSX in the United States or DGIX for France. The lists of income type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is ETYP, Data Source Scheme must be used, for example, IRSX in the United States. The lists of exemption type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.
CODES
If Qualifier is OTYP, Data Source Scheme must be used.
USAGE RULES
The Issuer/Offeror Taxability Indicator (TXAP) may only be used when no tax rate is provided in the message. It must not be used in events such as dividend or interest.
