Instruction specifications - Common Depository/Common Service Provider - Xact via Swift and Xact File Transfer - International (CBL)

23.11.2009

In the following tables, M=Mandatory; O=Optional; C=Conditional;
Seq=Swift Message (sub)sequence.

Markdown of certificates in global form

MT542Deliver FreeSeq
O

:98a:

:TRAD

//Trade date/time

B

O

:90a:

:DEAL

//Deal price

M

:70E:

:SPRO

///MKDW/ a (1st line)
‘Redemption’ or ‘Transfer’ as applicable (2nd line)
M

:22F:

:SETR

//MKDW a

E

M

:95C:

:PSET

//XX (2-character country code)

E1

M

:95P:

:REAG

//Counterparty’s BIC

or

:95Q:

:REAG

//Counterparty’s name

O

:95Q:

:BUYR

//Beneficiary’s name

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a. Either :70E::SPRO///MKDW/ or :22F::SETR//MKDW must be present. If not present, the instruction will be considered as being a physical delivery pending receipt of definitive certificates (see below).

Physical delivery instructions for securities represented by a temporary global note

Delivery will be executed only upon exchange of the temporary global note and receipt of definitive certificates by Clearstream’s specialised depository. The transaction will have PENF//GLOB status until the securities can be physically delivered.

MT542Deliver FreeSeq
O

:98a:

:TRAD

//Trade date/time

B

O

:90a:

:DEAL

//Deal price

O

:70E:

:SPRO

//‘Redemption’ or ‘Transfer’ as applicable

O

:70D:

:DENC

//5n+11na

C

M

:22F:

:SETR

//TRAD

E

M

:95C:

:PSET

//XX (2-character country code)

E1

M

:95Q:

:REAG

//Counterparty’s name and full address

O

:95Q:

:BUYR

//Beneficiary’s name

O

:97A:

:SAFE

//Beneficiary’s account

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a. All eligible denomination requests will be passed on to the specialised depository, which will execute them on a “best efforts” basis, defined as:

  • The specialised depository will deliver the denomination choices requested;
  • The specialised depository will deliver whatever lower denominations can satisfy the request.

Delivery of the requested denomination cannot be guaranteed if the instruction is not formatted as above.

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