Codes
If Qualifier is STCO and Data Source Scheme is not present, Indicator must contain one of the following codes:
Assignment: Transfer of ownership of the asset to another party during the closing of an option.
Buy to Cover: Transaction is a buy to cover.
Clean: Tax-exempt financial instruments are to be settled.
Dirty: Taxable financial instruments are to be settled.
Delivery Without Matching: Matching receipt instruction not required (only for concerned ICSD and CSD).
Drawn: Settlement transactions relates to drawn securities.
Exercised: Settlement transaction relates to options, futures or derivatives that are exercised.
Free Clean Settlement: Delivery will be made free of payment but a clean payment order will be sent.
Knocked Out: Settlement transaction relates to options, futures or derivatives that are expired worthless.
Not Accounting Related: Security transaction is not for accounting.
No Automatic Market Claim: No market claim should be automatically generated.
No Partial Settlement Allowed: Partial settlement is not allowed.
Partial Settlement: Partial settlement is allowed.
Physical: Securities are to be physically settled.
CSD Payment Only: Relates to transaction on a security that is not eligible at the Central Securities Depository (CSD) but for which the payment will be enacted by the CSD.
Re-hypothecation: Collateral position is available for other purposes (for example, onwards delivery).
Reporting: Relates to a transaction that is for reporting purposes only.
Special Delivery: Settlement transactions to be settled with special delivery.
Transformation: Transaction resulting from a transformation.
Triparty Collateral Segregation: Triparty segregation of collateral, typically requested by an IM to their custodian to comply with a no delivery of collateral regulation.
Unexposed: Delivery cannot be performed until money is received.
If Qualifier is SETR and Data Source Scheme is not present, Indicator must contain one of the following codes:
Buy Sell Back: Relates to a buy sell back transaction.
Market Claim: Transaction resulting from a market claim.
Central Bank Collateral Operation: Relates to a collateral delivery/receipt to a National Central Bank for central bank credit operations.
Collateral In: Relates to a collateral transaction, from the point of view of the collateral taker or its agent.
Collateral Out: Relates to a collateral transaction, from the point of view of the collateral giver or its agent.
DR Conversion: Relates to a depository receipt conversion.
Exchange Traded Funds: Relates to an exchange traded fund (ETF) creation or redemption.
Factor Update: Relates to a factor update.
Move of Stock: Relates to a movement of shares into or out of a pooled account.
Issuance: Relates to the issuance of a security such as an equity or a depository receipt.
Mark-Down: Relates to the decrease of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corp. event realigned).
Mark-Up: Relates to the increase of positions held by an ICSD at the common depository due to custody operations (repurchase, pre-release, proceed of corporate event realigned).
Netting: Relates to the netting of settlement instructions.
Non Syndicated: Relates to the issue of medium and short term paper (CP, CD, MTN, notes ...) under a program and without syndication arrangement.
External Account Transfer: Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).
Internal Account Transfer: Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).
Pair-Off: Relates to a pair-off: the transaction is paired off and netted against one or more previous transactions.
Placement: Relates to the placement/new issue of a financial instrument.
Portfolio Move: Relates to a portfolio move from one investment manager to another and/or from an account servicer to another. It is generally charged differently than another account transfer (OWNE, OWNI, INSP), hence the need to identify this type of transfer as such.
Realignment: Relates to a realignment of positions.
Withdrawal: Relates to the withdrawal of specified amounts from specified sub-accounts.
Redemption (Funds): Relates to a redemption of Funds (Funds Industry ONLY).
DR Release/Cancellation: Relates to a release (into/from local) of Depository Receipt operation.
Repo: Relates to a repurchase agreement transaction.
Return of Delivery Without Matching: Relates to the return of financial instruments resulting from a rejected delivery without matching operation.
Reverse Repo: Relates to a reverse repurchase agreement transaction.
Sell Buy Back: Relates to a sell buy back transaction.
Borrowing Reallocation: Internal reallocation of a borrowed holding from one safekeeping account to another.
Securities Borrowing: Relates to a securities borrowing operation.
Securities Lending: Relates to a securities lending operation.
Lending Reallocation: Internal reallocation of a holding on loan from one safekeeping account to another.
Subscription (Funds): Relates to a subscription to funds (Funds Industry ONLY).
Syndicate of Underwriters: Relates to the issue of financial instruments through a syndicate of underwriters and a Lead Manager.
TBA Closing: Relates to a To Be Announced (TBA) closing trade.
Trade: Relates to the settlement of a trade.
Triparty Repo: Relates to a triparty repurchase agreement.
Triparty Reverse Repo: Relates to a triparty reverse repurchase agreement.
Turnaround: Relates to a turnaround: the same security is bought and sold to settle the same day, to or from different brokers.
If Qualifier is TRCA and Data Source Scheme is not present, Indicator must contain one of the following codes:
Settling as a Custodian: Settlement party is a custodian. It receives/delivers the securities and carries out custodial duties.
Settling as Riskless Principal: Party settles trades that were simultaneously offset.
Settling as an Agent: Party settles trades on behalf of his client for which he also traded.
Settling as a Principal: Party settles its own trades.
If Qualifier is RTGS and Data Source Scheme is not present, Indicator must contain one of the following codes:
Non-RTGS: Settle through the non-RTGS system. If there is a standing instruction in place for settlement through the RTGS instruction, then this standing instruction is to be ignored.
RTGS: Settle through the RTGS system. If there is a standing instruction in place for settlement through the non-RTGS system, then this standing instruction is to be ignored.
If Qualifier is REGT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Street Name: Hold the securities in street name. If there is a standing instruction in place to register on receipt, then this standing instruction is to be ignored.
Register: Register on receipt. If there is a standing instruction in place to hold the securities in street name, then this standing instruction is to be ignored.
If Qualifier is BENE and Data Source Scheme is not present, Indicator must contain one of the following codes:
NCBO: No Change of Beneficial Ownership (NCBO). If a standing instruction is in place for change of beneficial ownership (CBO), then this standing instruction is to be ignored.
CBO: Change of Beneficial Ownership (CBO). If a standing instruction is in place for no change of beneficial ownership (NCBO), then this standing instruction is to be ignored.
If Qualifier is CASY and Data Source Scheme is not present, Indicator must contain one of the following codes:
Gross Settlement System: Settle money through gross settlement system.
Net Settlement System: Settle money through net settlement system.
If Qualifier is DBNM and Data Source Scheme is not present, Indicator must contain one of the following codes:
Broker: Settlement standing instruction database to be used is the broker's database.
Internal: Settlement standing instruction database to be used is the receiver's internal database.
Vendor: Settlement standing instruction database to be used is the database of the vendor.
If Qualifier is TCPI and Data Source Scheme is not present, Indicator must contain one of the following codes:
Agent: Acting as an agent for tax liability.
Principal: Acting as a principal for tax liability.
If Qualifier is MACL and Data Source Scheme is not present, Indicator must contain one of the following codes:
Client Side: Instruction is for a client side transaction.
Market Side: Instruction is for a market side transaction.
If Qualifier is BLOC and Data Source Scheme is not present, Indicator must contain one of the following codes:
Block Trade Child: Transaction is a block trade child.
Block Trade Parent: Transaction is a block trade parent.
If Qualifier is REST and Data Source Scheme is not present, Indicator must contain one of the following codes:
Pursuant to 144A: Ownership or transfer of an unregistered security issued, pursuant to US legal restrictions 144A.
Not Subject to Restrictions: Ownership or transfer of a security that is not subject to restrictions.
Subject to Restrictions (not pursuant to 144A): Ownership or transfer of a security that is subject to restrictions, and not pursuant to 144A.
If Qualifier is SETS and Data Source Scheme is not present, Indicator must contain one of the following codes:
Default Settlement System/Method: Settle through the default settlement system/method. If there is a standing instruction in place for settlement through the alternate settlement system/method, then this standing instruction is to be ignored.
Alternate Settlement System/Method: Settle through the alternate settlement system/method. If there is a standing instruction in place for settlement through the default settlement system/method, then this standing instruction is to be ignored.
If Qualifier is NETT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Not Netting Eligible: Settlement instruction is not eligible for netting.
Netting Eligible: Settlement instruction is eligible for netting.
If Qualifier is CCPT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Not CCP Eligible: Settlement instruction is not CCP eligible.
CCP Eligible: Settlement instruction is CCP eligible.
If Qualifier is LEOG and Data Source Scheme is not present, Indicator must contain one of the following codes:
Letter of Guarantee Not Accepted: Letter of guarantee is not accepted. If there is a standing instruction in place to accept a letter of guarantee, then this standing instruction is to be ignored.
Letter of Guarantee Accepted: Letter of guarantee is accepted. If there is a standing instruction in place not to accept a letter of guarantee, then this standing instruction is to be ignored.
If Qualifier is COLA and Data Source Scheme is not present, Indicator must contain one of the following codes:
Bond Forward: Any securities traded out beyond 3 days which include treasury notes, JGBs and Gilts.
Cross Currency IRS: Cross Currency Interest Rate Swap, indicating the exchange of fixed interest payments in one currency for those in another.
CCP Collateral: Collateral covering the initial margin requirements for OTC trades cleared through a CCP.
Commodities: Commodities trades for example futures and options on gold, silver, wheat.
Credit Default Swap: Trading of credit default swap.
Cross Product: Combination of various types of trades.
Credit Support: Cash lending/borrowing; letter of Credit; signing of master agreement.
Credit Line: Opening of a credit line before trading.
Equity Option: Trading of equity option (Also known as stock options).
Equity Swap: Equity swap trades where the return of an equity is exchanged for either a fixed or a floating rate of interest.
Exotic Option: Trading of exotic option for example a non-standard option.
Exchange Traded Derivatives: Trading of exchanged traded derivatives in general (Opposite to Over the Counter (OTC)).
Fixed Income: Trading of fixed income instruments.
Forward Foreign Exchange: FX trades with a value date in the future.
Foreign Exchange: FX trades in general.
Futures: Related to futures trading activity.
Liquidity: In support of settlement via an RTGS or other clearing system.
FX Option: Trading of option on Foreign Exchange.
OTC Derivatives: Over-the-counter (OTC) Derivatives in general for example contracts which are traded and privately negotiated.
Cash Settlement: In support of any type of cash settlement.
Repurchase Agreement: In support of a repurchase agreement transaction.
Reverse Repurchase Agreement: In support of a reverse repurchase agreement transaction.
Securities Buy Sell Back: Securities buy sell back.
Single Currency IRS Exotic: Exotic single currency interest rate swap.
Single Currency IRS: Single Currency Interest Rate Swap.
Securities Cross Product: Combination of securities-related exposure types.
Short Sale: Short sale exposure.
Securities Lending and Borrowing: Securities lending and borrowing.
Secured Loan: Secured loan.
Swaption: Option on interest rate swap.
To Be Announced: To Be Announced (TBA) related collateral.
Treasury Cross Product: Combination of treasury-related exposure types.
If Qualifier is REPT and Data Source Scheme is not present, Indicator must contain one of the following codes:
Swap/Substitution: Relates to a repo collateral substitution.
Repo Call: Relates to a change in the closing or maturity date or the providing of the termination date for an open repo.
Principal/Exposure Adjustment: Relates to a principal adjustment.
Pair-Off: Relates to a repo that is part of a pair-off.
Repo Rate: Relates to a change in the repo rate.
Rollover: Relates to a repo rollover of a position extending the closing or maturity date.
Top-Up: Relates to a cover of securities position due to deficit of collateral following mark to market valuation.
Withdrawal: Relates to a return of securities position due to excess of collateral following mark to market valuation.
If Qualifier is COLE and Data Source Scheme is not present, Indicator must contain one of the following codes:
Eligible for Collateral Purposes: The securities are eligible for collateral purposes.
Not Eligible for Collateral Purposes: The securities are not eligible for collateral purposes.
If Qualifier is STAM, the Data Source Scheme must be used to indicate the stamp duty type or exemption reason, for example, in the United Kingdom and Ireland (CRST), in South Africa (STRA), etc.
If Qualifier is SSBT, the Data Source Scheme must be used to indicate the securities sub balance type.
If Qualifier is CSBT, the Data Source Scheme must be used to indicate the cash sub balance type.