This page contains an overview of the codes used in certain message fields from the SWIFT ISO-15022 standard as well as a list of their respective meaning(s):
30/360 (ISDA) or 30/360 (American Basic Rule): Method whereby interest is calculated based on a 30-day month and a 360-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for February, and provided that the interest period started on a 30th or a 31st. This means that a 31st is assumed to be a 30th if the period started on a 30th or a 31st and the 28 Feb (or 29 Feb for a leap year) is assumed to be a 28th (or 29th). It is the most commonly used 30/360 method for US straight and convertible bonds.
30/365: Method whereby interest is calculated based on a 30-day month in a way similar to the 30/360 (basic rule) and a 365-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for February. This means that a 31st is assumed to be a 30th and the 28 Feb (or 29 Feb for a leap year) is assumed to be a 28th (or 29th).
30/Actual: Method whereby interest is calculated based on a 30-day month in a way similar to the 30/360 (basic rule) and the assumed number of days in a year in a way similar to the Actual/Actual (ICMA). Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for February. This means that a 31st is assumed to be a 30th and the 28 Feb (or 29 Feb for a leap year) is assumed to be a 28th (or 29th). The assumed number of days in a year is computed as the actual number of days in the coupon period multiplied by the number of interest payments in the year.
Actual/Actual (ICMA): Method whereby interest is calculated based on the actual number of accrued days and the assumed number of days in a year, that is, the actual number of days in the coupon period multiplied by the number of interest payments in the year. If the coupon period is irregular (first or last coupon), it is extended or split into quasi interest periods that have the length of a regular coupon period and the computation is operated separately on each quasi interest period and the intermediate results are summed up.
30E/360 or Eurobond basis: Method whereby interest is calculated based on a 30-day month and a 360-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month. This means that a 31st is assumed to be a 30th and the 28 Feb (or 29 Feb for a leap year) is assumed to be equivalent to a 30 Feb. However, if the last day of the maturity coupon period is the last day of February, it will not be assumed to be a 30th. It is a variation of the 30/360 (ICMA) method commonly used for eurobonds. The usage of this variation is only relevant when the coupon periods are scheduled to end on the last day of the month.
Actual/Actual (ISDA): Method whereby interest is calculated based on the actual number of accrued days of the interest period that fall on a normal year, divided by 365, added to the actual number of days of the interest period that fall on a leap year, divided by 366.
Actual/365L or Actual/Actual (basic rule): Method whereby interest is calculated based on the actual number of accrued days and a 365-day year (if the coupon payment date is NOT in a leap year) or a 366-day year (if the coupon payment date is in a leap year).
Actual/Actual (AFB): Method whereby interest is calculated based on the actual number of accrued days and a 366-day year (if 29 Feb falls in the coupon period) or a 365-day year (if 29 Feb does not fall in the coupon period). If a coupon period is longer than one year, it is split by repetitively separating full year sub-periods counting backwards from the end of the coupon period (a year backwards from a 28 Feb being 29 Feb, if it exists). The first of the sub-periods starts on the start date of the accrued interest period and thus is possibly shorter than a year. Then the interest computation is operated separately on each sub-period and the intermediate results are summed up.
30/360 (ICMA) or 30/360 (basic rule): Method whereby interest is calculated based on a 30-day month and a 360-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for February. This means that a 31st is assumed to be a 30th and the 28 Feb (or 29 Feb for a leap year) is assumed to be a 28th (or 29th). It is the most commonly used 30/360 method for non-US straight and convertible bonds issued before 01/01/1999.
30E2/360 or Eurobond basis model 2: Method whereby interest is calculated based on a 30-day month and a 360-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month, except for the last day of February whose day of the month value shall be adapted to the value of the first day of the interest period if the latter is higher and if the period is one of a regular schedule. This means that a 31st is assumed to be a 30th and the 28th Feb of a non-leap year is assumed to be equivalent to a 29th Feb when the first day of the interest period is a 29th, or to a 30th Feb when the first day of the interest period is a 30th or a 31st. The 29th Feb of a leap year is assumed to be equivalent to a 30th Feb when the first day of the interest period is a 30th or a 31st. Similarly, if the coupon period starts on the last day of February, it is assumed to produce only one day of interest in February as if it was starting on a 30th Feb when the end of the period is a 30th or a 31st, or two days of interest in February when the end of the period is a 29th, or 3 days of interest in February when it is the 28th Feb of a non-leap year and the end of the period is before the 29th.
30E3/360 or Eurobond basis model 3: Method whereby interest is calculated based on a 30-day month and a 360-day year. Accrued interest to a value date on the last day of a month shall be the same as to the 30th calendar day of the same month. This means that a 31st is assumed to be a 30th and the 28 Feb (or 29 Feb for a leap year) is assumed to be equivalent to a 30 Feb. It is a variation of the 30E/360 (or Eurobond basis) method where the last day of February is always assumed to be a 30th, even if it is the last day of the maturity coupon period.
Actual/365NL or Actual/365 No Leap: Method whereby interest is calculated based on the actual number of accrued days in the interest period, excluding any leap day from the count, and a 365-day year.
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.
Accredited Investor: The holder of the security irrevocably certifies that it is an Accredited Investor as defined in US Securities and Exchange Commission Regulation D.
Accredited Investor: The holder of the security has to irrevocably certify that it is an Accredited Investor as defined in US Securities and Exchange Commission Regulation D.
Accumulation: Funds related event in which the income (for example accumulation units) that accrues during an accounting period is retained within the fund instead of being paid away to investors. The retained income is nonetheless deemed to have been distributed to investors for tax purposes.
Forward Foreign Exchange. The FX is a forward/hedge executed for a future date at a set price. The contract is opened and closed for the same value date resulting in a gain or loss. The result can be settled by netting the local base or both currencies, or by settling the gross/principal amount.
All Places of Safekeeping: Used when there is a need to indicate that the details apply to all places of safekeeping where the financial instrument is held.
All Places of Safekeeping: Used when there is a need to indicate that the details apply to all places of safekeeping where the stock is held.
All or None: A round-lot market or limit-price order which must be executed in its entirety or not at all; unlike 'fill or kill', these orders are not cancelled if not executed as soon as received.
Amortised Value: Quantity expressed as an amount representing the current amortised face amount of a bond, for example, a periodic reduction/increase of a bond's principal amount.
Attachment: Combination of different security types to create a unit. Units are usually comprised of warrants and bonds or warrants and equities. Securities may be combined at the request of the security holder or based on market convention.
Subject to Transformation: As a result of the Corporate Action, all transactions in the underlying security will be cancelled by the system and replaced with transactions in the outturn resource(s).
Awaiting Securities from Counterparty: Financial instruments have not yet been received from the counterparty (if receive against payment trade), the money has been delivered.
Awaiting Securities from Counterparty: Financial instruments have not yet been received from the counterparty (if receive against payment), the money has been delivered.
Awaiting Securities from Counterparty: Financial instruments have not yet been received from the counterparty.
Basket Trade: Transaction is a single order to buy and sell several financial instruments for the purpose of simultaneous buying and selling. Baskets are often used for a set of 15 or more financial instruments and play a role in arbitrage activity.
Repurchase Offer/Issuer Bid/Reverse Rights: Offer to existing holders by the issuing company to repurchase its own securities. The objective of the offer is to reduce the number of outstanding securities.
Buy Minus: Order to buy at a price lower than the current market price. This is an order to buy a stated amount of a financial instrument provided that its price is not higher than the last sale if the last sale was a minus or zero minus tick, not higher than the last sale minus the minimum fractional change in the stock if the last sale was a plus or zero plus tick. The price limit indicates the highest price at which the order can be executed.
Bonus Issue/Capitalisation Issue: Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
Bonus Issue/Capitalisation Issue: Bonus or capitalisation issue. Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
Bonus Issue: Bonus or capitalisation issue. Security holders receive additional assets free of payment from the issuer, in proportion to their holding.
Put Redemption: Early redemption of a security at the election of the holder subject to the terms and condition of the issue with no reduction in nominal value.
Put Redemption: Early redemption of a bond at the election of the bondholder subject to the terms and condition of the issue with no reduction in nominal value.
Bankruptcy: Legal status of a company unable to pay creditors. Bankruptcy is involuntary and usually involves a formal court ruling. The securities may become valueless.
Bankruptcy: Legal status of a company unable to pay creditors. Bankruptcy involves formal court ruling. Securities may become valueless.
Bankruptcy: Legal status of a company unable to pay creditors. Bankruptcy usually involves a formal court ruling. Securities may become valueless.
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).
Buy-in Procedure: A buy-in procedure has started on the market (on your behalf if your instruction is a receipt, by the counterparty if your instruction is a delivery).
Buy In: The transaction relates to a buy-in by the market following a delivery transaction failure.
Awaiting Securities: Awaiting securities from a corporate action issue or other procedure, for example, conversion, dematerialisation, exchange, registration, stamping, splitting.
Awaiting Securities: Awaiting financial instruments from a corporate action issue or other procedure, for example, conversion, dematerialisation, exchange, registration, stamping, splitting.
Cancellation2: Pending cancellation; both sides have been input, the trade has not yet been matched, and one side has sent a cancellation request.
Pending Cancellation. Both Sides Input: Pending cancellation; both sides have been input, the trade has not yet been matched, and one side has sent a cancellation request.
Cancellation3: Pending cancellation; both sides have been input, the trade is matched, and one side has sent a cancellation request.
Pending Cancellation. Both Sides Input. Matched: Pending cancellation; both sides have been input, the trade is matched, and one side has sent a cancellation request.
This is a request to cancel a previously sent confirmation of the execution of an order to buy or sell.
This is a request to cancel a previously sent instruction
Cancellation Request: Message requesting the cancellation of a previously sent message, because of a mistake by the sender or because the alleging party cancelled its instruction.
Cancelled: Option is not valid; it has been cancelled by the market or service provider, and cannot be responded to. Any responses already processed against this option are considered void and new responses will be required.
Cancellation Advice: Message to cancel a corporate action event previously announced by the account servicer or a previously sent Preliminary Advice of Payment message (:22F::ADDB//CAPA in sequence D).
Cancellation Request: Message requesting the cancellation of a previously sent message.
Cancellation: Cancelled Netting Position Advice message.
This is a request to cancel a previously sent instruction for a loan/deposit.
Cancellation Completed: Cancellation has been completed.
Cancelled: Allegement has been cancelled since the previous delta statement. The allegement was cancelled because of a mistake by the sender or because the alleging party cancelled its instruction.
Cancelled: Instruction has been cancelled (in an MT548, as an answer to an MT549 instruction status request).
Cancellation Completed: Cancellation request has been completed.
Cancelled: Instruction has been cancelled.
Instruction Cancelled: Instruction has been cancelled.
Cancelled by Another Party: Instruction has been cancelled by another party than the instructing party, for example market infrastructure such as a Stock Exchange.
Pending Cancellation: Cancellation request is pending on the instruction.
Pending Cancellation: Cancellation request is pending. It is not known at this time whether cancellation can be affected.
Pending Cancellation: A cancellation request from yourself for this instruction is pending waiting for further processing.
Pending Cancellation: A cancellation request from yourself for this instruction is pending, waiting for further processing.
Pending Cancellation: Cancellation request from yourself for this instruction is pending waiting for further processing.
Pending Cancellation: Cancellation is pending. It is not known at this time whether cancellation can be affected.
Pending Cancellation: A cancellation request from yourself for this instruction is pending waiting for further processing (in an MT548, as an answer to an MT549 instruction status request).
Corporate Action Option Applicability: The option applicability is not subject to the account owner decision but depends on the terms defined by the issuer, for example in the case of Equity Linked Notes or warrants.
Capital Distribution: The Corporate event pays shareholders an amount in cash issued from the Capital account. There is no reduction to the face value of a single share (or the share has no par value). The number of circulating shares remains unchanged.
Capital Gains Distribution: Distribution of profits resulting from the sale of company assets, for example, Shareholders of Mutual Funds, Unit Trusts, or Sicavs are recipients of capital gains distributions which are often reinvested in additional shares of the fund.
Capital Gains Distribution: Distribution of profits resulting from the sale of securities. Shareholders of mutual funds, unit trusts, or sicavs may be recipients of capital gains distributions which are often reinvested in additional equity of the fund.
Capitalisation: Increase of the current principal of a debt instrument without increasing the nominal value. It normally arises from the incorporation of due but unpaid interest into the principal. This is commonly done by increasing the pool factor value, for example, capitalisation, and negative amortisation.
Mandatory CA Event; Instruction Required: Participation in the corporate action is mandatory and further instructions from the account owner are required, unless a default option has been specified.
Counterparty Insufficient Securities: Insufficient deliverable financial instruments in counterparty's account or counterparty does not hold financial instruments.
Counterparty too Late for Matching: Counterparty's instruction was too late for matching.
Counterparty too Late for Settlement: Counterparty's instruction was too late for settlement (that is received too late, matching or settlement problems solved too late).
Clearing House Trade: Instructed Settlement date does not agree with the settlement date on the Clearing House trade that is a specific type of trade in India.
Clearing House Trade: Instructed settlement date does not agree with the settlement date on the Clearing House trade, that is, a specific type of trade in India.
Class Action/Proposed Settlement: Situation where interested parties seek restitution for financial loss. The security holder may be offered the opportunity to join a class action proceeding and would need to respond with an instruction.
Copy Duplicate: Message is a copy to a party other than the account owner/account servicer, for information purposes and the message is a duplicate of a message previously sent.
Copy Duplicate: Message is a copy and a duplicate of a message previously sent.
This message is being sent as a copy, for information purposes and the message is a duplicate of a message previously sent.
Received: Amount is to be received in Party A's cash account.
Collateral Out: Relates to a collateral transaction, from the point of view of the collateral giver or its agent.
Collateral Out Sub-balance: Balance of securities that belong to the safekeeping account indicated within this message, and are deposited with a third party for the purpose of collateralisation.
Received: Financial Instruments are to be received in Party A's safekeeping account.
Complete: Message contains complete details of the corporate action event at the time the event is communicated and the occurrence of the event has been confirmed by the account servicer's chosen official source. Further updates to the event are still possible.
Complete: Processing has been completed.
Complete: Statement gives complete information (including information (positions, instruction statuses) which is unchanged).
Complete Unconfirmed: Message contains complete details of the corporate action event at the time the event is communicated but the occurrence of the event has not been confirmed by the account servicer's chosen official source. Further updates to the event are still possible.
Conference Call: The information is about an informal call when an issuer, trustee, agent wishes to talk to note holders to discuss a certain issue or potential change to the notes; nothing said being binding.
Confirmation Of Payment: Prior payment credited to account based contractual income collection agreement has been collected from issuer.
Awaiting Confirmation: Awaiting confirmation of modification from the counterparty or the market.
Confirmed: Collateral giver instruction details are confirmed.
Awaiting Confirmation: Awaiting confirmation of cancellation from the counterparty.
This is an instruction to settle a first confirmation.
Consent: Procedure that aims to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting. For example, consent to change the terms of a bond.
Consent: Relates to a consent within a corporate action event other than a Consent event (:22F::CAEV//CONS).
DR Conversion: Relates to a depository receipt conversion.
Conversion: Conversion of securities (generally convertible bonds or preferred shares) into another form of securities (usually common shares) at a pre-stated price/ratio.
Conversion: Conversion of securities, generally convertible bonds or preferred equity, into another form of securities, usually common equity.
Company Option: A Company Option may be granted by the company, allowing the holder to take up shares at some future date(s) at a pre arranged price in the company. A company may not grant options which enable the holder to take up unissued shares at a time which is five or more years from the date of the grant. Option holders are not members of a company. They are contingent creditors of a company and hence may, in some instances, be entitled to vote on and be bound by a scheme of arrangement between the creditors and the company. As many options have multiple exercise periods a company option will either lapse or carry on to the next expiry date.
Copy: Message is a copy to a party other than the account owner/account servicer, for information purposes.This message is being sent as a copy to a party other than the account owner/account servicer, for information purposes.
Copy: Message is a copy to a party other than the account owner/account servicer, for information purposes.
Copy: Message is a copy.
The message is being sent as a copy, for information purposes.
Counterparty In Receivership: Counterparty is in receivership (form of bankruptcy where a court appointed person, the receiver, manages the affairs of the business).
Credit Event: An occurrence of credit derivative for which the issuer of one or several underlying securities is unable to fulfil his financial obligations (as defined in terms and conditions).
Credit Event: An occurrence of credit derivative for which the issuer of one or several underlying securities is unable to fulfill his financial obligations (as defined in terms and conditions).
Currency Code Invalid: The Currency code is invalid or is not acceptable to the service provider.
Current: Transaction was effected at current yield.
Currency: At least one security in the message does not have the same currency as the transaction and this is a requirement in the triparty agreement or in the eligibility sets of this transaction.
CSD Validation: Instruction is in a hold/frozen/preadvice mode as it fulfils predefined conditions of a restriction processing type in the market infrastructure platform.
Settlement Date Rejection: Disagreement on settlement date.
Settlement Date Repair: Unrecognised or invalid settlement date (that is date is not a settlement date for the instructed market, settlement date is too old ...).
Settlement Date Rejection: Unrecognised or invalid settlement date.
Settlement Date Repair: Unrecognised or invalid settlement date.
Disagreement Settlement Date: Settlement date/time does not match.
Settlement Date Repair: Unrecognised or invalid settlement date, that is, date is not a settlement date for the instructed market, or settlement date is too old.
Settlement Date Rejection: Unrecognised or invalid settlement date, that is, date is not a settlement date for the instructed market, or settlement date is too old.
Settlement or Execution Requested Date Rejection: Invalid settlement or execution requested date.
Disagreement Settlement Date: Settlement date does not match.
Designated Order Turnaround System: Indicates the Designated Order Turnaround system: a computerised order routing system used at the New York Stock Exchange.
Decrease in Value: Reduction of face value of a single share. The number of circulating shares remains unchanged. This event may include a cash payout to holders.
Decrease in Value: Reduction of face value of a single share or the value of fund assets. The number of circulating shares/units remains unchanged. This event may include a cash payout to holders.
Defeased Security Indicator: Funds have been placed in escrow by a trustee or agent to ensure payment on a portion of the outstanding balance of the original security on maturity date.
Unavailable Deliverable Denominated Quantity: Quantity instructed does not match the denomination available/deliverable. Physical financial instruments need to be obtained in deliverable denominated quantities.
Unavailable Deliverable Denominated Quantity: Quantity instructed does not match the denomination available/deliverable. Physical securities need to be obtained in deliverable denominated quantities.
Refused Deposit for Issue of Depositary Receipts: Deposit of shares for the issuing of depositary receipts has been refused. The allotment granted by the issuer is exceeded by your transaction.
Refused Deposit for Issue of Depositary Receipts: Deposit of shares for the issuing of depositary receipts has been refused. The allotment for depositary receipts granted by the issuer is exceeded by your transaction.
Detachment: Separation of components that comprise a security, for example, usually units comprised of warrants and bond or warrants and equity. Units may be broken up at the request of the security holder or based on market convention.
Detachment: Separation of components that comprise a security, usually units comprised of warrants and bonds or warrants and equities. Units may be broken up at the request of the security holder or based on market convention.
CA Results in a Distribution: The holder of the relevant security on a certain date, for example, the record date, will receive a benefit without giving up the underlying security.
Dissenter's Rights: Securities' holder has the right to disagree with a mandatory event. This right is not inherent in all offers and therefore must be noted in announcements only when applicable.
Trading Status: Delisted: Security is no longer able to comply with the listing requirements of a stock exchange and is removed from official board quotation.
Do Not Increase: Limit order to buy or stop order to sell or stop limit order that is not to be increased in shares on the ex-dividend date as a result of a stock dividend or distribution.
Do Not Reduce: Limit order to buy or stop order to sell, or stop-limit order to sell that is not to be reduced in price by the amount of an ordinary cash dividend. Applies only to ordinary stock dividends; should be reduced for other distributions.
Awaiting Documents/Registration Instruction/Endorsements from Counterparty: Awaiting documents, registration instruction or endorsements from counterparty.
Direct Order: Trade is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
Direct Order: Trade is executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
Direct Order: Trade is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of the executing party.
Registration Request Data and Order Rejection: Disagreement between the data on the registration request and the order.
Drawn: Balance of securities that are drawn for redemption.
Drawing: Redemption in part before the scheduled final maturity date of a security. Drawing is distinct from partial call since drawn bonds are chosen by lottery and with no reduction in nominal value.
Drawn: Settlement transactions relates to drawn securities.
Cash Distribution From Non-Eligible Securities Sales: Distribution to shareholders of cash resulting from the selling of non-eligible securities, for example, in the frame of a depositary receipt program.
Reinvestment of Proceeds: Reinvestment proceeds into securities.
Dividend Reinvestment: Dividend payment where cash dividend is rolled over into additional shares in the issuing company.
Dividend Reinvestment Securities: Distribution of dividend reinvestment securities.
Dividend Reinvestment: Dividend payment where holders can keep cash or have the cash reinvested in the market by the issuer into additional shares in the issuing company. To be distinguished from DVOP as the company invests the dividend in the market rather than creating new share capital in exchange for the dividend.
Disagreement Security: Financial instrument identification does not match, for example, ISIN differs, Financial Instrument Attributes differs.
Disagreement Financial Instrument: Financial instrument identification does not match, that is, ISIN differs, or Financial Instrument Attributes differs.
Disagreement Security: Financial instrument identification does not match, for example, ISIN, financial instrument attributes differs...
Security Repair: Unrecognised or invalid financial instrument identification (that is invalid ISIN, security not eligible at the instructed market ...).
Financial Instrument Repair: Unrecognised or invalid financial instrument identification (that is invalid ISIN, security not eligible at the instructed market ...).
Security Rejection: Unrecognised or invalid financial instrument identification.
Security Repair: Unrecognised or invalid financial instrument identification.
Security Rejection: Disagreement on financial instrument identification.
Financial Instrument Rejection: Unrecognised or invalid financial instrument identification.
Financial Instrument Rejection: Unrecognised or invalid financial instrument identification, that is, invalid ISIN, or security not eligible at the instructed market.
Dutch Auction, Bid Tender: An action by a party wishing to acquire a security. Holders of the security are invited to make an offer to sell, within a specific price range. The acquiring party will buy from the holder with lowest offer.
Dutch Auction: An action by a party wishing to acquire a security. Holders of the security are invited to make an offer to sell, within a specific price range. The acquiring party will buy from the holder with lowest offer.
Cash Dividend: Distribution of cash to shareholders, in proportion to their equity holding. Ordinary dividends are recurring and regular. Shareholder must take cash and may be offered a choice of currency.
Cash Dividend: Distribution of cash to shareholders, in proportion to their equity holding. Ordinary dividends are recurring and regular.
Dividend Option: Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares or cash. To be distinguished from DRIP as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market.
Dividend Option: Distribution of dividend option.
Dividend Option: Distribution of a dividend to shareholders with a choice of benefit to receive. Shareholders may choose to receive shares, cash or both.
Eligible: Balance is eligible for this corporate action.
Eligible Counterparty: MiFID classification of counterparty. Eligible customers are the most sophisticated level of investor, able to opt out of some of the protections afforded by conduct of business rules defined under MiFID.
Eligible: Balance of securities eligible for this corporate action event.
Exceeds Maximum Bid or Order Quantity: Bid or order quantity instructed exceeds the investment limits or maximum number of securities that can be held under applicable law.
Exchange: Exchange of holdings for other securities and/or cash. The exchange can be either mandatory or voluntary involving the exchange of outstanding securities for different securities and/or cash. For example "exchange offer", "capital reorganisation" or "funds separation".
Call on Intermediate Securities: Call or exercise on nil paid securities or intermediate securities resulting from an intermediate securities distribution (RHDI). This code is used for the second event, when an intermediate securities' issue (rights/coupons) is composed of two events, the first event being the distribution of intermediate securities.
Subscription Rights: Distribution of subscription rights.
Maturity Extension: As stipulated in a bond's Terms and Conditions, the issuer or the bond-holder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.
Warrant Exercise: Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue).
Warrant Exercise/Warrant Conversion: Option to buy (call warrant) or to sell (put warrant) a specific amount of equities, cash, commodity, etc, at a predetermined price over a specific period of time.
Warrant Exercise: Warrant conversion. Option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the issue).
Warrant Exercise: Option to buy (call warrant) or to sell (put warrant) a specific amount of equities, cash, commodity, etc. at a predetermined price over a specific period of time.
Fill or Kill: Market or limit order that is to be executed in its entirety as soon as it is submitted; if not so executed, the order is to be cancelled.
Full Pre-Funding: Full pre-funding of a debt instrument by the issuer prior to original maturity when the issuer deposits assets in trust. Applicable only in the frame of a partial defeasance corporate action event.
Fractional Parts Allowed: Fractional parts allowed.
Fraction Breakdown: Indicates that the rounding rule in the Fraction Disposition component at the option level can be offered at the beneficial owner level.
Disagreement Payment Code: Payment type does not match: your instruction is free of payment, your counterparty's instruction is against payment or vice versa.
Cancellation and Re-Run: Cancellation and re-run of an original lottery or an original and supplemental lottery. A subsequent lottery will be performed under a new event.
Fully Paid: Financial instrument is fully paid.
Full Beneficial Owner Break Down: The holder of the security has to provide his beneficial owner details for disclosure/instruction purpose.
Full Period Units Income Portion: Distribution rate relating to the full period units, for example Group I units in UK.
Full Period Units: Number of units of a fund that were purchased in a previous distribution period and/or held at the beginning of a distribution period, for example Group I Units in the UK.
Future Mark-to-Market: Mark-to-market report taking into account collateral management actions which are still pending initiation and initiated transactions..
Iceberg Order: Type of limit order whose overall quantity is not transparent to the market. Rather, only a client-defined part of the order is shown to the market (the 'tip of the iceberg'). Upon execution of the first 'tip' (that is partial execution to the client while for the market it does not appear to be a 'partial') the system releases the next 'tip' of the same size to the market until the 'iceberg' has been melted down successfully. Different from a usual care order.
Increase in Value: Increase in the face value of a single security. The number of circulating securities remains unchanged.
Increase in Value: Increase in the face value of a single security. The number of circulating securities remains unchanged. This event may include a cash payout to holders.
Investment Firm: Any legal person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis.
Inactive: Option is not active and can no longer be responded to. Any responses already processed against this option will remain valid, for example, expired option.
Investor Party Rejection: Unrecognised or invalid investor party. May be used by an executing party to reject an instruction for an investor (or portfolio) for which it is not authorised to act.
Disagreement Investor Party: Unrecognised or invalid investor party. May be used by an executing party to reject an instruction for an investor (or portfolio) for which it is not authorised to act.
Disagreement Investor Party: Investor party does not match.
Investor Party Rejection: Unrecognised or invalid investor party. May be used by an executing party to reject an allocation for an investor (or portfolio) for which it is not authorised to act.
Immediate or Cancel: Market or limit order to be executed in whole or in part as soon as it is submitted; any portion not so executed is to be cancelled.
ISDA Master Agreement plus Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction: International Swaps and Derivatives Association Agreement plus Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction.
Insufficient Central Bank Liquidity: Central Bank Liquidity is insufficient.
Liquidation Dividend/Liquidation Payment: A distribution of cash, assets or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security.
Liquidation Dividend/Liquidation Payment: A distribution of cash, assets or both.
Liquidity: In support of settlement via an RTGS or other clearing system.
Market Not Held: Order to buy or sell a specified amount of a financial instrument at the quoted market price or better with some discretion on the price limit.
Manual Allocation: Allocation of the collateral is made manually.
Manually Accepted: Security does not satisfy the eligibility criteria stipulated in the triparty agreement. However the bank has manually accepted this security.
Margin: Account is used when financing is by the broker/dealer.
Derivatives Margin Sub-balance: Balance of securities that belong to and is kept in the safekeeping account indicated within this message, and that are used as collateral for derivatives.
Full Call/Early Redemption: The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, before final maturity.
Invalid Requested Message Type: ONLY for SPRC status. The MT549 statement/status advice request cannot be executed. The message type requested is not valid for the message reference or statement period concerned (that is MT548 requested for a settled transaction, MT537 requested for a future statement period, etc.).
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-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.
Market Maker: Dealer or specialist that is trading for their own account in the OTC market. Market makers are expected to maintain an orderly market by being available to buy or sell.
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).
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).
Multi-Lateral Trading Facility: Multilateral trading facility (MTF) is a multilateral system which brings together multiple third-party buying and selling interests in financial instruments in a way that results in a contract.
Modification Request: A modification request from your counterparty for this transaction is pending waiting for your modification request or your consent.
Merger: Exchange of outstanding securities, initiated by the issuer which may include options, as the result of two or more companies combining assets, that is, an external, third party company. Cash payments may accompany share exchange.
Market to Limit Order: Type of order that couples the high possibility of execution (Market Order) with a protection against unwanted price fluctuations (Limit Order).
Market Until Touched: Order to buy or sell a specified amount of a financial instrument at the quoted market price or better with some discretion on the price limit.
No Automatic Market Claims and Transformations: The event will not automatically give rise to market claims and transformations by the account servicer (typically, a CSD).
Name: Change of the issuing company's name. Event shows the change from old name to new name and may involve surrendering physical shares with the old name to the registrar.
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.
New Trade Following Rollover: Trade executed for a new trade position on the next month following the rollover of a position (Deferred Settlement Service).
New Trade Following Rollover: Trade to be executed for a new trade position on the next month following the rollover of a position (Deferred Settlement Service).
Country of Non-Domicile: The holder of the security has to certify, in line with the terms of the corporate action, that it is not domiciled in the country indicated.
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.
Eligibility: At least one security does not satisfy the eligibility criteria as defined in the triparty agreement (or in the eligibility set) for this transaction.
Not Instruction Generation by ETC Provider: Specifies if the ETC service provider is not to generate a settlement instruction where a previous agreement to do so exists.
Non-Official Offer: Offers that are not supervised or regulated by an official entity and being offered by a party, for example a broker, usually at a discount price, for example broker offer, mini-tender, mini odd lot offer or third party offer.
Non-Refunded Security Indicator: New Security issued that has not been refunded and the maturity date of the original underlying security is unchanged. Applicable only in the frame of a partial defeasance corporate action event.
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.
No Match: Cancellation request has been rejected since more than one instruction match to the cancellation criteria.
No Match: Cancellation request is in repair since more than one instruction match to the cancellation criteria.
No Match Repair: Cancellation request is in repair since more than one instruction match to the cancellation criteria.
No Match Rejection: Cancellation request has been rejected since more than one instruction match to the cancellation criteria.
No Match: Cancellation or Transaction Processing Command request has been rejected since more than one instruction match to the cancellation/Transaction Processing Command criteria.
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.
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.
Odd Lot Sale/Purchase: Sale or purchase of odd-lots to/from the issuing company, initiated either by the holder of the security or through an offer made by the issuer.
At the Opening: Market or limit order to be executed at the opening of the stock exchange or not at all; all or part of any order not executed at the opening is treated as cancelled.
Order Lie: Order that is related to another order where the second order may be cancelled without cancelling the first. Normally, the sell order must be executed before the buy order.
Other: Generic corporate action option to be used in case that no other specific code is appropriate.
Other: Type of collateralisation different from the ones stated here.
Other: See narrative.
Other Event: Other event.
Other: Other method than A001-A014. See Narrative.
Other: Other underlying reason for the FX transaction. See Transaction Reason Narrative.
Other Event: Other event, use only when no other event type applies, for example, a new event type.
Other: Other settlement date.
Unclassified Sub-balance: Balance of financial instrument that cannot be categorised, that is, is not identified with one of the existing sub-balance types.
External Account Transfer: Relates to an account transfer involving more than one instructing party (messages sender) and/or account servicer (messages receiver).
Own Name: Financial instruments are held in the beneficial owner's own name, self-ownership.
Internal Account Transfer: Relates to an account transfer involving one instructing party (messages sender) at one account servicer (messages receiver).
Acknowledged/Accepted: Instruction has been acknowledged by the account servicer.
Accepted for Further Processing: Instruction has been accepted .This means that the instruction has been received, is processable and has been validated for further processing.
Accepted: Instruction is accepted.
Acknowledged/Accepted: Registration has been acknowledged/accepted by the issuer/registrar.
Acknowledged/Accepted: Instruction has been acknowledged/accepted for further processing by the account servicer.
Acknowledged/Accepted: Instruction has been acknowledged/accepted by the account servicer.
Accepted: Cancellation request has been acknowledged for further processing by the account servicer.
Accepted: Cancellation request has been accepted for further processing.
Accepted: Replacement request has been accepted for further processing.
Acknowledged/Accepted: Instruction has been acknowledged/accepted for further processing.
Accepted: Replacement request has been accepted for further processing by the account servicer (technical receipt).
Acknowledged/Accepted: Replacement request has been accepted for further processing by the account servicer (technical receipt).
Pari-Passu: Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, for example, pari-passu or assimilation. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or may result from outside events, for example, merger, reorganisation, issue of supplementary tranches, etc.
Pari-Passu: Assimilation.Occurs when securities with different characteristics, for example, shares with different entitlements to dividend or voting rights, become identical in all respects, that is, pari-passu. May be scheduled in advance, for example, shares resulting from a bonus may become fungible after a pre-set period of time, or result from outside events, for example, merger, reorganisation, issue of supplementary tranches, etc.
Trade Settles in Partials: Trade will settle in partials.
Supplemental Cancellation and Re-Run: Cancellation and re-run of a supplemental lottery only. A subsequent new supplemental lottery will be performed under the original event.
Partial Replacement Accepted: Order is partially filled, replacement processing accepted for the remaining.
Partial Settlement: Partial settlement is allowed.
Partial Settlement Allowed: Partial settlement is allowed.
Partial Offer: Partial offer.
Partial Cancel: Order has been partially cancelled as requested.
Partially Cancelled: Order has been partially cancelled as requested.
Partially Paid: Financial instrument is partially paid.
Partial: Only a portion of the original transaction quantity was delivered by the CSD.
Partial Redemption With Reduction of Nominal Value: Securities are redeemed in part before their scheduled final maturity date with reduction of the nominal value of the securities. The outstanding amount of securities will be reduced proportionally.
Partial Defeasance/Pre-Funding: Issuer has money set aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity.
PreTrade Anonymity: Allows trader to explicitly request anonymity or disclosure in pre-trade market data feeds. Anonymity is relevant in markets where counterparties are regularly disclosed in order depth feeds. Disclosure is relevant when counterparties are not normally visible.
Previous Instruction Invalidity: Indicates that the previously sent instructions become invalid. It is only applicable after a market deadline extension.
Placement: Relates to the placement/new issue of a financial instrument.
Place of Incorporation: Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.
Pledged Sub-balance: Balance of securities that belong to and is kept in the safekeeping account indicated within this message, and that are pledged.
Pledged Sub-balance: Balance of securities that belong to and is kept in the safekeeping account indicated within this message, and that are pledged, for example, to cover a short call.
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.
Portfolio Transfer: The Statement of Settlement Allegements relates to a client portfolio move from an account servicer to another.
Partial Pre-Funding: Partial pre-funding of a debt instrument prior to maturity drawn through a lottery process. One new security is issued with an earlier maturity date for the refunded (called portion) and the other new security is issued with the original maturity date for the non refunded (remaining) portion. Applicable only in the frame of a partial defeasance corporate action event.
Prepayment Confirmation Received: Confirmation of the prepayment has been received (Funds Industry).
Partial Mandatory Put Redemption: Partial mandatory exchange of a portion of bonds where the exchanged securities are usually remarketed. The issuer may offer holders the right to retain instead of exchanging their securities. A lottery will be used to determine eligibility for the event.
Preadvice: Pre-advice the invoice of the trade at trade date. The pre-advice is not binding for settlement.
Pre-Advice: Relates to a pre-advice, that is for matching purposes only.
Pre-Advice: Transaction is a pre-advice, that is for matching purposes only.
Preadvice: Message preadvising a settlement instruction. It can be used for matching purposes, but is, without further notice from the account owner, not binding for execution.
Your Instruction on Hold: Your instruction is on hold/frozen/in a preadvice mode.
Preliminary Announcement: Confirmed: Message may not contain complete details of the corporate action event, however, the occurrence of the event has been confirmed by the account servicer's chosen official source.
Partial Redemption Without Reduction of Nominal Value: Securities are redeemed in part before their scheduled final maturity date without reduction of the nominal value of the securities. This is commonly done by pool factor reduction.
Preliminary Announcement: Unconfirmed: Message may not contain complete details of the corporate action event and the occurrence of the event has not been confirmed by the account servicer's chosen official source at the time message was sent.
Interest Payment with Principal: An event which consists of two components, the decrease of the amortized value of a pool factor security and an interest payment.
Open Offer Rights: Distribution of open offer rights.
Priority Issue: Form of open or public offer where priority is given to existing shareholders due to limited amount of securities available in the offer. Shareholders can buy a type of security during a short period of time.
Priority Issue: Form of open or public offer where, due to a limited amount of securities available, priority is given to existing shareholders.
Professional Client: MiFID classification of counterparty. Professional customers are, for example, investment firms, credit institutions, insurance companies.
QIB Certification: The holder of the security irrevocably certifies that it is a Qualified Institutional Buyer as defined in US Securities and Exchange Commission Rule 144A.
QIB Certification: The holder of the security has to irrevocably certify that it is a Qualified Institutional Buyer as defined in US Securities and Exchange Commission Rule 144A.
Reconfirmation: SSI update is effective for all trades settling on and after effective date irrespective of trade date and they need to be reconfirmed.
Reconciled: Indicates that the funds paid have been reconciled with the funds received from the Agent (meaning that there is no more risk of payment to be reversed).
Reconciliation Only: Settlement instruction is already on the market. Sent by an account owner to an account servicer or vice versa for reconciliation purposes.
Redemption (Funds): Relates to a redemption of Funds (Funds Industry ONLY).
Final Maturity: The redemption of an entire issue outstanding of securities, for example, bonds, preferred equity, funds, by the issuer or its agent, for example, asset manager, at final maturity.
Redenomination: Event by which the unit (currency and/or nominal) of a security is restated, for example, nominal/par value of security in a national currency is restated in another currency.
Refunded Security Indicator: New security issued which has been refunded to an earlier maturity date. Applicable only in the frame of a partial defeasance corporate action event.
Instruction Refused/Not Recognised: Instruction has been refused or not recognised and is represented automatically.
Registration Sub-balance: Balance of financial instruments currently being processed by the institution responsible for registering the new beneficial owner (or nominee).
Registration Processing Status: Message reporting on the status of the registration processing at the issuer/registrar.
Certificates Rejected: Certificates have been lodged with the registrar but rejected due to incomplete documentation or foreign ownership limitation reached.
Regular: Regular is defined as the default settlement period for the particular security on the exchange of execution (for example, T+1 or T+2 depending on currency).
Remarketing Agreement: Purchase and sale of remarketed preferred equities/bonds through the negotiation of interest rate between the issuers and the holders.
Eligible Balance Notification: Message reporting an eligible balance that may or may not include an entitlement calculation or a revised entitlement calculation.
Wrong Registration Request: Registration request to be completed by the buyer and to be forwarded to the issuer is wrong. You have used the registration request of a different issuer/registrar.
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.
Rights Issue/Subscription Rights/Rights Offer: Offer to holders of a security to subscribe for additional securities via the distribution of an intermediate security. Both processes are included in the same event.
Settling as Riskless Principal: Party settles trades that were simultaneously offset.
Acting as Riskless Principal: Party is trading as a riskless principal, that is, the order to buy (sell) has been simultaneously offset by an order to sell (buy) with another party.
Rolling: Event will have a number of acceptance and payment dates until further announcement by the Issuer or its agent.
This is an instruction to settle a mutually agreed rollover/renewal with/without change in the principal amount and the interest to be settled or added/substracted from that amount.
Disagreement Safekeeping Account: Safekeeping account used as matching criteria on the market concerned does not match. This includes Buyer/seller's account, direct client's account at the receiving/delivering agent, or receiving/delivering agent's account at the CSD.
Disagreement Safekeeping Account: Safekeeping account used as matching criteria on the market concerned (buyer/seller's account, direct client's account at the receiving/delivering agent, receiving or delivering agent's account at the CSD) does not match.
Safekeeping Account Repair: Unrecognised or invalid message sender's safekeeping account.
Safekeeping Account Rejection: Unrecognised or invalid message sender's safekeeping account.
Account Information Missing: Account information is missing in the original delivery.
Safekeeping Account Rejection: Unrecognised or invalid safekeeping account.
Securities No Longer Eligible: Instruction has been cancelled; the security no longer exists or is no longer eligible on the market instructed. For corporate action-related cancellation, CORP should be used.
Evolution of the DOT System: Indicates the evolution of the DOT system, (Designated Order Turnaround system): a computerized order routing system used at the New York Stock Exchange.
Disagreement Settlement Transaction: Settlement transaction type does not match (relates to the settlement transaction type codes available for field :22F::SETR).
Settlement Transaction Rejection: Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Disagreement Settlement Transaction: Settlement transaction type does not match (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Settlement Transaction Repair: Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Settlement Transaction Rejection: Disagreement on settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Disagreement Settlement Transaction Type: Settlement transaction type does not match (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Settlement Transaction Type Repair: Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Settlement Transaction Type Rejection: Unrecognised or invalid settlement transaction type (relates to the settlement transaction type codes available for sequence E field 22F, qualifier SETR).
Disagreement Settlement System/Method: Settlement system/method does not match (for example, instruction is to settle using settlement system/method A. Counterparty expects settlement to occur using settlement system/method B).
Settlement System/Method Rejection: Disagreement on settlement system/method instructed.
Settlement System/Method Repair: Unrecognised or invalid settlement system/method instructed.
Settlement System/Method Rejection: Unrecognised or invalid settlement system/method instructed.
Settlement System/Method Modified: Settlement system/method has been modified at CSD to allow settlement.
Disagreement Settlement Method/System: Counterparty disagrees with the settlement system/method instructed, for example, Instruction is to settle using settlement system/method A. Counterparty expects settlement to occur using settlement system/method B.
Shares Held Elsewhere: Used for certain financial instruments, for example, US mutual funds, where settlement is internal only, that is, there is no external movement of financial instrument.
Shares Held Elsewhere: Used for certain financial instruments, for example, US mutual funds, where settlement is internal only, that is, there is no external movement of securities.
Shares Premium Dividend: This corporate event pays shareholders an amount in cash issued from the shares premium reserve. It is similar to a dividend but with different tax implications.
SI does not Apply: Forex standing instruction in place does not apply. This instruction is an amendment to a previously cancelled instruction for which the FX order has not been cancelled.
Systematic Internaliser: Firms which, on an organised, frequent and systematic basis, deal on their own account by executing client orders outside a regulated market or an MTF. SIs have the obligation to provide, and make public, a definite bid and offer quote for liquid securities.
Market Practice Rule Discrepancy: Instruction is accepted but does not comply with the market practice rule published for the concerned market or process.
Spin-Off: A distribution of securities issued by another company. The distributed securities may either be of a newly created or of an existing company. For example, spin-off, demerger, unbundling, divestment.
Stock Split/Change in Nominal Value/Subdivision: Increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are reduced accordingly.
Reverse Stock Split/Change in Nominal Value: Decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. Equity price and nominal value are increased accordingly.
Sell Plus: Order to sell a stated amount provided that the price is not lower than the last sale price if the last sale was a plus or zero plus tick and not lower than the last sale minus the minimum fractional change in the financial instrument if the last sale was a minus or zero minus tick.
Squeeze Out Bid: Offer launched by a company, in possession of a large number of the shares (90% - 95%) of a company (generally as a result of a tender offer), in order to acquire the remaining shares of that company.
Sell Short: Order to sell a financial instrument that the seller does not own; a sale effected by delivering a financial instrument borrowed by or for the account of the seller.
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.
Stop Limit: Stop order to buy (sell) that becomes a limit order at the limit price when the financial instrument trades at or above (below) the stop price after the order is submitted.
Stop Order: Order to buy that becomes a market order when the financial instrument trades at or above the stop price after the order is submitted or an order to sell which becomes a market order when the financial instrument trades at or below the stop price.
Transfer Agent: The party appointed by the Fund Management Company. It updates records of investor accounts to reflect the daily investor purchases, redemptions, switches, transfers, and re-registrations. It ensures the timely settlement of transactions, and may provide tax information to the investor and/or to its intermediaries. It may calculate, collect, and rebate commissions. It prepares and distributes confirmations reflecting transactions, resulting in unit or cash account movements to the investor or the investor's intermediary. It responds to inquiries concerning account status, and processes the income distribution.
Transaction Notice Already Accepted or Rejected: A message with the same Transaction Notice Reference, Market Member, and Intermediary has already been processed.
Total Block Quantity Rejection: Unrecognised or invalid total block quantity. Used when the total block quantity supplied in an allocation is different from the advised (ADVI) quantity supplied in the client advice of execution.
Disagreement Total Block Quantity: Total block quantity does not match.
Triparty Collateral Segregation: Triparty segregation of collateral, typically requested by an IM to their custodian to comply with a no delivery of collateral regulation.
Trade Details Reported: Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence D Other Parties.
Regulatory Organisation: Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence D Other Parties.
Trade Details Reported: Trade details were reported to a regulatory organisation. This regulatory organisation is identified in the Other Parties sequence.
Trade Details Reported: Trade details are to be reported to a regulatory organisation. This regulatory organisation is identified in the Other Parties sequence.
Trade Details Reported: Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in the Other Parties sequence.
Trade Details Reported: Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence E Other Parties.
Regulatory: Trade details are to be reported to a regulatory organisation. This stock regulatory organisation is identified in sequence E Other Parties.
Unconditional as to Acceptance: The required level of acceptances specified in the terms of the offer has been achieved but there are still outstanding conditions to fulfil.
Voluntary CA Event; Instruction Required to Participate: Participation in the corporate action is voluntary. If the owner wishes to take part in the event, instructions from the account owner are required.
Form W8-ECI: Certificate of foreign person's claim for exemption from withholding on income effectively connected with the conduct of a trade or business in the United States.
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.
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.
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.
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.
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.
