CorporateActionNotification002V13

Scope
The CorporateActionNotification message is sent by an account servicer to an account owner or its designated agent to notify details of a corporate action event and optionally account information and preliminary information about eligible balance and entitlements.

It may also include possible elections or choices available to the account owner. The account servicer can initially send the CorporateActionNotification message as a preliminary advice, subsequently replaced by another CorporateActionNotification message with complete or confirmed information.

It may also be sent to an account owner or its designated agent, to remind of event details and/or of missing or incomplete instructions for a corporate action event.
Usage
The message may also be used to:
- re-send a message previously sent (the sub-function of the message is Duplicate),
- provide a third party with a copy of a message for information (the sub-function of the message is Copy),
- re-send to a third party a copy of a message for information (the sub-function of the message is Copy Duplicate), using the relevant elements in the business application header (BAH).

Message Identifier: seev.031.002.13

Elements

Name	Type	Multiplicity	Definition
Pagination	Pagination1	[0..1]	Page number of the message and continuation indicator to indicate that the multi-part notification is to continue or that the message is the last page of the multi-part notification.
NotificationGeneralInformation	CorporateActionNotification8	[1..1]	General information about the event notification type, status and contents.
PreviousNotificationIdentification	DocumentIdentification37	[0..1]	Identification of the previously sent notification document.
InstructionIdentification	DocumentIdentification17	[0..1]	Identification of a related instruction document.
OtherDocumentIdentification	DocumentIdentification38		Identification of other documents as well as the document number.
EventsLinkage	CorporateActionEventReference4		Identification of another corporate action event that needs to be closely linked to the processing of the event notified in this document.
CorporateActionGeneralInformation	CorporateActionGeneralInformation170	[1..1]	General information about the corporate action event.
AccountDetails	AccountIdentification57Choice	[1..1]	General information about the safekeeping account, owner and account balance.
IntermediateSecurity	FinancialInstrumentAttributes117	[0..1]	Details on rights credited to the account as for example trading period, expiry date, renounceability.
CorporateActionDetails	CorporateAction79	[0..1]	Information about the corporate action event.
CorporateActionOptionDetails	CorporateActionOption216		Information about the corporate action option.
AdditionalInformation	CorporateActionNarrative55	[0..1]	Additional information on the event.
IssuerAgent	PartyIdentification151Choice		Party appointed to administer the event on behalf of the issuer company/offeror. The party may be contacted for more information about the event.
PayingAgent	PartyIdentification137Choice		Agent (principal or fiscal paying agent) appointed to execute the payment for the corporate action event on behalf of the issuer company/offeror.
SubPayingAgent	PartyIdentification137Choice		Sub-agent appointed to execute the payment for the corporate action event on behalf of the issuer company/offeror.
Registrar	PartyIdentification137Choice	[0..1]	Party/agent responsible for maintaining the register of the security.
ResellingAgent	PartyIdentification137Choice		Broker-dealer responsible for reselling to new investors securities (usually bonds) that have been tendered for purchase by their owner.
PhysicalSecuritiesAgent	PartyIdentification137Choice	[0..1]	Trust company, bank or similar financial institution assigned by an issuer to accept presentations of instruments, usually bonds, for transfer and or exchange.
DropAgent	PartyIdentification137Choice	[0..1]	Trust company, bank or similar financial institution that acts on behalf of an out-of-town agent or event agent where securities can be delivered in person.
SolicitationAgent	PartyIdentification137Choice		Trust company, bank or similar financial institution assigned by an issuer to maintain records of investors and account balances and transactions for the consent of a material change.
InformationAgent	PartyIdentification137Choice	[0..1]	Trust company, bank or similar financial institution assigned by an Issuer to provide information and copies of the offering documentation.
Issuer	PartyIdentification151Choice	[0..1]	Issuer of the financial instrument.
Offeror	PartyIdentification151Choice		Party making the offer and which is different from the issuing company.
TransferAgent	PartyIdentification151Choice	[0..1]	Trust company, bank or similar financial institution appointed by a fund management company to maintain records of investors and account balances. The transfer agent records transactions, including subscriptions, redemptions, switches, transfers, and re-registrations.
SupplementaryData	SupplementaryData1		Additional information that can not be captured in the structured fields and/or any other specific block.

Validation Rules

InterestPaymentRule: CorporateActionDetails/RateAndAmountDetails/InterestRate and CorporateActionOptionsDetails/RateAndAmountDetails/InterestRateUsedforPayment must not be mixed. InterestRate is used to provide the annual rate of the financial instrument. InterestRateUsedforPayment is used to provide the applicable rate for the current payment, after all calculations have been performed, that is, application of period and method of interest computation.

SafekeepingAccount1Rule: If AccountDetails/ForAllAccounts/IdentificationCode value is GENR (General) then any element in the list (MinimumNominalQuantity, MinimumExercisableQuantity,MinimumExercisableMultipleQuantity, ContractSize) must not be present in any occurrences of CorporateActionOptionDetails/SecuritiesMovementDetails/SecurityDetails; (MT564 Rule C2 - part 1).

SafekeepingAccount2Rule: If AccountDetails/ForAllAccounts/IdentificationCode value is GENR (General) then AmountDetails must not be present in any occurrences of CorporateActionOptionDetails/CashMovementDetails. (MT564 Rule C2 - part 2).

OtherEventRule: If CorporateActionGeneralInformation/EventType/Code is OTHR (Other) then at least one occurrence of AdditionalInformation/AdditionalText/AdditionalInformation must be present. (MT564 NVR C4).

IntermediateSecurity1Rule: If CorporateActionGeneralInformation/EventType/Code is RHDI (IntermediateSecuritiesDistribution), then IntermediateSecurity must be absent. (MT 564 NVR C6).

IntermediateSecurity2Rule: If CorporateActionGeneralInformation/EventType/Code is RHTS (Rights Issue), then IntermediateSecurity must be present. (MT 564 NVR C6).

NotificationIdentificationRule: If NotificationGeneralInformation/NotificationType is REPL (Replace) or RMDR (Reminder) then PreviousNotificationIdentification must be present. (MT 564 NVR C9).

IntermediateSecuritiesDistribution1Rule: If CorporateActionGeneralInformation/EventType/Code is RHDI (IntermediateSecuritiesDistribution), then CorporateActionDetails/ IntermediateSecuritiesDistributionType must be present. (MT 564 NVR C11).

NameChangeRule: If CorporateActionDetails/AdditionalInformation/NewCompanyName/AdditionalInformation is present, then CorporateActionGeneralInformation/EventType/Code value CHAN (Change) must be present and CorporateActionDetails/ChangeType/Code value NAME (Name) must be present in at least one occurrence of CorporateActionDetails/ChangeType. (MT 564 NVR C10).

RateAndCorporateActionEventRule: If CorporateActionOptionDetails/RateAndAmountDetails/GrossDividendRate/NotSpecifiedRate Code value or CorporateActionOptionDetails/RateAndAmountDetails/InterestRateUsedForPayment/NotSpecifiedRate Code value is NILP (Nil Payment), then CorporateActionGeneralInformation/EventType/Code must be either DVCA (CashDividend) or INTR (InterestPayment). If CorporateActionOptionDetails/CashMovementDetails/RateAndAmountDetails/GrossDividendRate/NotSpecifiedRate Code value or CorporateActionOptionDetails/CashMovementDetails/RateAndAmountDetails/InterestRateUsedForPayment/NotSpecifiedRate Code value is NILP (Nil Payment), then CorporateActionGeneralInformation/EventType/Code must be either DVCA (CashDividend) or INTR (InterestPayment).

TotalEligibleBalanceRule: If NotificationGeneralInformation/EligibleBalanceIndicator is 'true' or '1' (Yes), then at least one occurrence of AccountDetails/AccountsListAndBalanceDetails must be present and TotalEligibleBalance must be present in all occurrences of AccountDetails/AccountsListAndBalanceDetails/Balance. If NotificationGeneralInformation/EligibleBalanceIndicator is 'false' or '0' (No) or is not present, then TotalEligibleBalance may or may not be present in all occurrences of AccountDetails/AccountsListAndBalanceDetails/Balance but it will not necessarily be the final eligible balance quantity.

IssuerAgentGuideline: IssuerAgent must be used only in the communication between a CSD and local custodians.

NewMaturityDateRule: If CorporateActionDetails/DateDetails/NewMaturityDate is present, then CorporateActionGeneralInformation/EventType/Code must be EXTM (Maturity Extension).

InformationEventRule: If CorporateActionGeneralInformation/EventType/Code is INFO (Information), then IntermediateSecurity must be absent and no occurrences of CorporateActionOptionDetails may be present. (MT 564 NVR C6).

DeclaredRateRule: If CorporateActionOptionDetails/RateAndAmountDetails/IssuerDeclaredExchangeRate is present, then CorporateActionDetails/RateAndAmountDetails/DeclaredRate must be present.

AppliedOptionRule: If CorporateActionOptionDetails/AppliedOptionIndicator value is 'true' or '1' (Yes) in one or more occurrences of CorporateActionOptionDetails, then CorporateActionGeneralInformation/MandatoryVoluntaryEventType/Code value must be CHOS (MandatoryWithOptions) and at least one of the CorporateActionDetails/AdditionalBusinessProcessIndicator/Code values must be REAC (RequiredAction).

FirstBidIncrementPrice1Rule: If FirstBidIncrementPrice is present in CorporateActionDetails/PriceDetails, then FirstBidIncrementPrice is not allowed in any occurences of CorporateActionOptionDetails/PriceDetails. (MT 564 NVR C24)

FirstBidIncrementPrice2Rule: If FirstBidIncrementPrice is present in any occurrences of CorporateActionOptionDetails/PriceDetails, then FirstBidIncrementPrice is not allowed in CorporateActionDetails/PriceDetails. (MT 564 NVR C24)

LastBidIncrementPrice1Rule: If LastBidIncrementPrice is present in CorporateActionDetails/PriceDetails, then LastBidIncrementPrice is not allowed in any occurences of CorporateActionOptionDetails/PriceDetails. (MT 564 NVR C24)

LastBidIncrementPrice2Rule: If LastBidIncrementPrice is present in any occurrences of CorporateActionOptionDetails/PriceDetails, then LastBidIncrementPrice is not allowed in CorporateActionDetails/PriceDetails. (MT 564 NVR C24)

FirstBidIncrementPriceEventType1Rule: If FirstBidIncrementPrice is present in CorporateActionDetails/PriceDetails, then CorporateActionGeneralInformation/EventType/Code value must be equal to either BIDS (Repurchase Offer) or DTCH (Dutch Auction) or TEND (Tender). (MT 564 NVR C30)

LastBidIncrementPriceEventType1Rule: If LastBidIncrementPrice is present in CorporateActionDetails/PriceDetails, then CorporateActionGeneralInformation/EventType/Code value must be equal to either BIDS (Repurchase Offer) or DTCH (Dutch Auction) or TEND (Tender). (MT 564 NVR C30)

FirstBidIncrementPriceEventType2Rule: If FirstBidIncrementPrice is present in any occurrence of CorporateActionOptionDetails/PriceDetails, then CorporateActionGeneralInformation/EventType/Code value must be equal to either BIDS (Repurchase Offer) or DTCH (Dutch Auction) or TEND (Tender). (MT 564 NVR C30)

LastBidIncrementPriceEventType2Rule: If LastBidIncrementPrice is present in any occurrence of CorporateActionOptionDetails/PriceDetails, then CorporateActionGeneralInformation/EventType/Code value must be equal to either BIDS (Repurchase Offer) or DTCH (Dutch Auction) or TEND (Tender). (MT 564 NVR C30)

MinimumPrice1Rule: If MinimumPrice is present in CorporateActionDetails/PriceDetails, then MinimumPrice is not allowed in any occurences of CorporateActionOptionDetails/PriceDetails. (MT 564 NVR C24)

MinimumPrice2Rule: If MinimumPrice is present in any occurrences of CorporateActionOptionDetails/PriceDetails, then MinimumPrice is not allowed in CorporateActionDetails/PriceDetails. (MT 564 NVR C24)

MaximumPrice1Rule: If MaximumPrice is present in CorporateActionDetails/PriceDetails, then MaximumPrice is not allowed in any occurences of CorporateActionOptionDetails/PriceDetails. (MT 564 NVR C24)

MaximumPrice2Rule: If MaximumPrice is present in any occurrences of CorporateActionOptionDetails/PriceDetails, then MaximumPrice is not allowed in CorporateActionDetails/PriceDetails. (MT 564 NVR C24)

BidInterval1Rule: If BidInterval is present in CorporateActionDetails/RateAndAmountDetails, then BidInterval is not allowed in any occurences of CorporateActionOptionDetails/RateAndAmountDetails. (MT 564 NVR C25)

BidInterval2Rule: If BidInterval is present in any occurrences of CorporateActionOptionDetails/RateAndAmountDetails, then BidInterval is not allowed in CorporateActionDetails/RateAndAmountDetails. (MT 564 NVR C25)

BeneficialOwnerBreakdownRequestUGRule: If in at least one occurrence of CorporateActionOptionDetails, OptionType/Code value is BOBD (BeneficialOwnerBreakdownRequest), then CorporateActionGeneralInformation/EventType/Code value must be WTRC (Withholding Tax Relief Certification). (MT 564 NVR C23).

DissenterRightsUG3Rule: If OfferType/Code value is equal to NDIS (DissenterRightsNotApplicable) or DISS (DissenterRights) in any occurrence of CorporateActionOptionDetails, then in CorporateActionDetails, OfferType/Code values NDIS (DissenterRightsNotApplicable) and DISS (DissenterRights) are not allowed. (MT 564 NVR C28)

IncentivePremiumEventTypeUG1Rule: If Code value is equal to INCP (IncentivePremiumPayment) in any occurrence of CorporateActionDetails/AdditionalBusinessProcessIndicator, then CorporateActionGeneralInformation/EventType/Code value must be equal to CONS (Consent). (MT 564 NVR C26)

BeneficialOwnerBreakdownRequestRule : If in at least one occurrence of CorporateActionOptionDetails, OptionType/Code value is BOBD (BeneficialOwnerBreakdownRequest), then CorporateActionGeneralInformation/EventType/Code value must be WTRC (Withholding Tax Relief Certification). (MT 564 NVR C23).

DissenterRights3Rule: If OfferType/Code value is equal to NDIS (DissenterRightsNotApplicable) or DISS (DissenterRights) in any occurrence of CorporateActionOptionDetails, then in CorporateActionDetails, OfferType/Code values NDIS (DissenterRightsNotApplicable) and DISS (DissenterRights) are not allowed. (MT 564 NVR C28)

IncentivePremiumEventType1Rule: If Code value is equal to INCP (IncentivePremiumPayment) in any occurrence of CorporateActionDetails/AdditionalBusinessProcessIndicator, then CorporateActionGeneralInformation/EventType/Code value must be equal to CONS (Consent). (MT 564 NVR C26)

PaymentDateRule: If at least one occurrence of CorporateActionOptionDetails/SecuritiesMovementDetails or at least one occurrence of CorporateActionOptionDetails/CashMovementDetails is present, then CorporateActionDetails/DateDetails/PaymentDate must be absent. (MT 564 NVR C16).