SWIFT ISO15022 Standard
Detail view for message MT542 - Deliver Free
Purpose of the message MT542
Instructs a delivery of financial instruments free of payment. It may also be used to request a cancellation or preadvise an instruction
Scope of the message MT542
This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.
This message is used to:
- instruct the delivery of financial instruments free of payment, physically or by book-entry, to a specified party (the function of the message is NEWM)
- request the cancellation of a deliver free of payment instruction previously sent by the account owner (the function of the message is CANC)
- pre-advise the account servicer of a forthcoming deliver free of payment instruction (function of the message is PREA).
The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.
Structure of the message MT542
Sequence A - General information [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
16R
Start of Block
M
2
20C
Reference: Sender's Message Reference
M
3
23G
Function of the Message
M
4
98a
A
Date/Time: Preparation Date/Time
O
C
E
5
99B
Number Count
O
Sequence A1 - Linkages [ optional, repetitive ]
No.
Tag
Option
Name
Status
6
16R
Start of Block
M
7
22F
Indicator: Linkage Type Indicator
O
8
13a
A
Number Identification: Linked Message
O
B
9
20C
Reference
M
10
36B
Quantity of Financial Instrument
C
11
16S
End of Block
M
12
16S
End of Block
M
Sequence B - Trade Details [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
13
16R
Start of Block
M
14
94a
B
Place
O
H
L
15
98a
A
Date/Time
M
B
C
E
16
90a
A
Price: Deal Price
O
B
17
99A
Number Count: Number of Days Accrued
O
18
35B
Identification of the Financial Instrument
M
Sequence B1 - Financial Instrument Attributes [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
19
16R
Start of Block
M
20
94B
Place: Place of Listing
O
21
22F
Indicator
O
22
12a
A
Type of Financial Instrument
O
B
C
23
11A
Currency: Currency of Denomination
O
24
98A
Date
O
25
92A
Rate
O
26
13a
A
Number Identification
O
B
27
17B
Flag
O
28
90a
A
Price
O
B
29
36B
Quantity of Financial Instrument
O
30
35B
Identification of the Financial Instrument
O
31
70E
Narrative: Financial Instrument Attribute Narrative
O
32
16S
End of Block
M
33
22F
Indicator
O
34
11A
Currency: Currency to Buy
O
35
25D
Status
O
36
70E
Narrative
O
37
16S
End of Block
M
Sequence C - Financial Instrument/Account [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
38
16R
Start of Block
M
39
36B
Quantity of Financial Instrument: Quantity of Financial Instrument to be Settled
M
40
70D
Narrative: Denomination Choice
O
41
13B
Number Identification: Certificate Number
O
42
95a
L
Party
O
P
R
43
97a
A
Account
M
B
E
44
94a
B
Place: Place of Safekeeping
O
C
F
L
Sequence C1 - Quantity Breakdown [ optional, repetitive ]
No.
Tag
Option
Name
Status
45
16R
Start of Block
M
46
13B
Number Identification: Lot Number
O
47
36B
Quantity of Financial Instrument: Quantity of Financial Instrument In The Lot
O
48
98a
A
Date/Time: Lot Date/Time
O
C
E
49
90a
A
Price: Book/Lot Price
O
B
50
22F
Indicator: Type of Price Indicator
O
51
16S
End of Block
M
52
16S
End of Block
M
Sequence D - Two Leg Transaction Details [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
53
16R
Start of Block
M
54
98a
A
Date/Time
O
B
C
55
22F
Indicator
O
56
20C
Reference
O
57
92a
A
Rate
O
C
58
99B
Number Count
O
59
19A
Amount
O
60
70C
Narrative: Second Leg Narrative
O
61
16S
End of Block
M
Sequence E - Settlement Details [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
62
16R
Start of Block
M
63
22F
Indicator
M
Sequence E1 - Settlement Parties [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
64
16R
Start of Block
M
65
95a
C
Party
M
L
P
Q
R
S
66
97a
A
Account: Safekeeping Account
C
B
67
98a
A
Date/Time: Processing Date/Time
O
C
68
20C
Reference: Processing Reference
O
69
70a
C
Narrative
O
D
E
70
16S
End of Block
M
Sequence E2 - Cash Parties [ optional, repetitive ]
No.
Tag
Option
Name
Status
71
16R
Start of Block
M
72
95a
L
Party
M
P
Q
R
S
73
97a
A
Account
O
E
74
70a
C
Narrative
O
E
75
16S
End of Block
M
Sequence E3 - Amount [ optional, repetitive ]
No.
Tag
Option
Name
Status
76
16R
Start of Block
M
77
17B
Flag
O
78
19A
Amount
M
79
92B
Rate: Exchange Rate
O
80
16S
End of Block
M
81
16S
End of Block
M
Sequence F - Other Parties [ optional, repetitive ]
No.
Tag
Option
Name
Status
82
16R
Start of Block
M
83
95a
C
Party
M
L
P
Q
R
S
84
97A
Account: Safekeeping Account
C
85
70a
C
Narrative
O
D
E
86
20C
Reference: Processing Reference
O
87
16S
End of Block
M