| ISO20022

MT566: (41) 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 mandatory sequence D

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	Options	Qualifier Description
1	M	CAOP	N	F or H	Corporate Action Option Code Indicator
2	O	OPTF	R	F	Option Features Indicator
3	O	DISF	N	F	Disposition of Fractions Indicator

DEFINITION

This qualified generic field specifies:

CAOP	Corporate Action Option Code Indicator	Specifies the corporate action options available to the account owner.
DISF	Disposition of Fractions Indicator	Specifies how fractions resulting from derived securities will be processed or how prorated decisions will be rounding, if provided with a pro ration rate.
OPTF	Option Features Indicator	Specifies the features that may apply to a corporate action option.

CODES

In option F, if Qualifier is CAOP and Data Source Scheme is not present, Indicator must contain one of the following codes:

ABST	Abstain	Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used.
AMGT	Vote Against Management	Vote against management.
BSPL	Bonus Share Plan	Receive equities from the Share Premium Reserve of the company and considered as a capital distribution rather than a disbursement of income with different tax implications (typically found in Australia).
BUYA	Buy Up	Buy additional securities to round up position.
CASE	Cash and Securities	Corporate action option includes a distribution of both cash and securities to holders.
CASH	Cash	Distribution of cash to holders.
CEXC	Consent and Exchange	Vote to consent to change the terms of the securities agreement and to exchange securities.
CONN	Consent Denied	Vote not to approve the event or proposal.
CONY	Consent Granted	Vote to approve the event or proposal.
CTEN	Consent and Tender	Vote to consent to change the terms of the securities agreement and to tender securities for cash.
EXER	Exercise	Exercise intermediate securities or warrants.
LAPS	Lapse	Allow event or entitled security to expire.
MKDW	Mark-Down	Mark down the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs.
MKUP	Mark-Up	Mark up the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs).
MNGT	Vote With Management	Vote with management.
MPUT	Retain	An option that allows a holder to elect to retain their holding, for example, a putable bond.
NOAC	No Action	Option for the account owner not to take part in the event. This would include opt-out for class actions and lodging of dissenters' rights.
NOQU	Non Qualified Investor	The account owner is a Non-Qualified Investor.
OFFR	Proposed Rate	In a remarketing of variable notes, the margin that shareholders can propose in respect of the next interest period.
OTHR	Other	Generic corporate action option to be used in case that no other specific code is appropriate.
OVER	Oversubscribe	Subscribe to more equities than underlying securities position allows.
PROX	Proxy Card	Issue a proxy card in case of voting.
PRUN	Unknown Proceeds	Proceeds not known during election period. The option can result in cash and/or securities.
QINV	Qualified Investor	The account owner is a Qualified Investor.
SECU	Securities Option	Distribution of securities to holders.
SLLE	Sell Entitlement	Sell the intermediate securities.
SPLI	Split Instruction	Option to give a split instruction, for example, a split voting instruction on a meeting.

CODES

In option H, if Qualifier is CAOP, Indicator must contain one of the following codes:

ABST	Abstain	Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used.
AMGT	Vote Against Management	Vote against management.
BSPL	Bonus Share Plan	Receive equities from the Share Premium Reserve of the company and considered as a capital distribution rather than a disbursement of income with different tax implications (typically found in Australia).
BUYA	Buy Up	Buy additional securities to round up position.
CASE	Cash and Securities	Corporate action option includes a distribution of both cash and securities to holders.
CASH	Cash	Distribution of cash to holders.
CEXC	Consent and Exchange	Vote to consent to change the terms of the securities agreement and to exchange securities.
CONN	Consent Denied	Vote not to approve the event or proposal.
CONY	Consent Granted	Vote to approve the event or proposal.
CTEN	Consent and Tender	Vote to consent to change the terms of the securities agreement and to tender securities for cash.
EXER	Exercise	Exercise intermediate securities or warrants.
LAPS	Lapse	Allow event or entitled security to expire.
MKDW	Mark-Down	Mark down the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs.
MKUP	Mark-Up	Mark up the global certificate as a result of a corporate action (instruction from ICSDs to common depositories who are holding the global certificate on behalf of the ICSDs).
MNGT	Vote With Management	Vote with management.
MPUT	Retain	An option that allows a holder to elect to retain their holding, for example, a putable bond.
NOAC	No Action	Option for the account owner not to take part in the event. This would include opt-out for class actions and lodging of dissenters' rights.
NOQU	Non Qualified Investor	The account owner is a Non-Qualified Investor.
OFFR	Proposed Rate	In a remarketing of variable notes, the margin that shareholders can propose in respect of the next interest period.
OTHR	Other	Generic corporate action option to be used in case that no other specific code is appropriate.
OVER	Oversubscribe	Subscribe to more equities than underlying securities position allows.
PROX	Proxy Card	Issue a proxy card in case of voting.
PRUN	Unknown Proceeds	Proceeds not known during election period. The option can result in cash and/or securities.
QINV	Qualified Investor	The account owner is a Qualified Investor.
SECU	Securities Option	Distribution of securities to holders.
SLLE	Sell Entitlement	Sell the intermediate securities.
SPLI	Split Instruction	Option to give a split instruction, for example, a split voting instruction on a meeting.

CODES

In option F, if Qualifier is OPTF and Data Source Scheme is not present, Indicator must contain one of the following codes:

COND	Conditional	Feature whereby the holder can elect to place a condition on the acceptance of the option.
MAXC	Maximum Cash	Maximum cash option, may be subject to scaling, as such you may receive a combination of cash and securities outturn.
MAXS	Maximum Securities	Maximum stock option, may be subject to scaling, as such you may receive a combination of securities and cash outturn.
OPLF	Odd Lot Preference	Tender or Exchange with the Odd Lot Preference.
PROR	Pro Ration	Feature whereby the option can be subject to pro ration in case, for example, of over-subscription.
VVPR	Reduced Withholding Tax	Reduced withholding tax rate applies to the option.

CODES

In option F, if Qualifier is DISF and Data Source Scheme is not present, Indicator must contain one of the following codes:

BUYU	Buy Up	Buy securities up to next whole number.
CINL	Fractional Part for Cash	Receive cash in lieu of fractions.
DIST	Distributed	Take distribution of fractions in the form of securities.
RDDN	Round Down	Round the entitlement down to the last full unit/minimum nominal quantity, fractions are discarded.
RDUP	Round Up	Round up to the next full unit/minimum nominal quantity at no cost.
STAN	Standard	If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down as specified in the respective RDUP and RDDN codes.