MT566: (75) 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 D2
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 |
CONT |
N |
|
H |
Contractual Payment |
3 |
O |
ITYP |
N |
C10 |
F |
Type of Income |
4 |
O |
ETYP |
R |
|
F |
Type of Exemption |
5 |
O |
TXAP |
N |
|
F |
Issuer/Offeror Taxability Indicator |
6 |
O |
OTYP |
R |
C10 |
F |
Other Type of Income |
DEFINITION
This qualified generic field specifies:
CONT |
Contractual Payment |
Whether posting to account is:
|
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. |
OTYP |
Other Type of Income |
Type of income to be used under another tax regime. |
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 H, if Qualifier is CONT, Indicator must contain one of the following codes:
ACTU |
Actual Payment |
Result of funds actually collected from issuer. |
CONT |
Contractual Payment |
Anticipation of collection and is based on a contractual agreement with account servicer. |
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
If Qualifier is ITYP, Data Source Scheme must be used, for example, IRSX in the United States or DGIX in 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 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 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.
