MT566: (15) Field 94a: Place: Place of Safekeeping
FORMAT
| Option B | :4!c/[8c]/4!c[/30x] | (Qualifier)(Data Source Scheme)(Place Code)(Narrative) |
| Option C | :4!c//2!a | (Qualifier)(Country Code) |
| Option F | :4!c//4!c/4!a2!a2!c[3!c] | (Qualifier)(Place Code)(Identifier Code) |
PRESENCE
Optional in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
SAFE |
N |
|
B, C, or F |
Place of Safekeeping |
DEFINITION
This qualified generic field specifies:
SAFE |
Place of Safekeeping |
Location where the financial instruments are/will be safekept. |
CODES
In option B, if Data Source Scheme is not present, Place Code must contain one of the following codes:
ALLP |
All Places of Safekeeping |
Used when there is a need to indicate that the details apply to all places of safekeeping where the financial instrument is held. |
SHHE |
Shares Held Elsewhere |
Used for certain financial instruments, for example, US mutual funds, where settlement is internal only, that is, there is no external movement of securities. |
CODES
In option F, Place Code must contain one of the following codes:
CUST |
Local Custodian |
Financial instruments held at a local custodian. |
ICSD |
International Central Securities Depository |
Financial instruments held at an International Central Securities Depository. |
NCSD |
National Central Securities Depository |
Financial instruments held at a National Central Securities Depository. |
SHHE |
Shares Held Elsewhere |
Used for certain financial instruments, for example, US mutual funds, where settlement is internal only, that is, there is no external movement of securities. |
NETWORK VALIDATED RULES
Country Code must be a valid ISO country code.
Identifier Code must be a registered BIC.
Narrative (Format Option B) must not start or end with a slash '/' and must not contain two consecutive slashes '//'.
USAGE RULES
The Place of Safekeeping functionality is only to be used by global custodians that allow their clients to specify where the securities are to be held, for example, in an ICSD account versus an account at the local CSD.
