SWIFT ISO 20022 - Message description - Securities Settlement Transaction Instruction (sese.023.001)

Scope

An account owner sends a SecuritiesSettlementTransactionInstruction to an account servicer to instruct the receipt or delivery of financial instruments with or without payment, physically or by book-entry.

The account owner/servicer relationship may be:

• a global custodian which has an account with a local custodian, or
• an investment management institution which manages a fund account opened at a custodian, or
• a broker which has an account with a custodian, or
• a central securities depository participant which has an account with a central securities depository, or
• a central securities depository which has an account with a custodian, another central securities depository or another settlement market infrastructure, or
• a central counterparty or a stock exchange or a trade matching utility which need to instruct the settlement of transactions to a central securities depository or another settlement market infrastructure.

Usage

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 linkage functionality.

The message may also be used to:

• re-send a message previously sent,
• provide a third party with a copy of a message for information,
• re-send to a third party a copy of a message for information

using the relevant elements in the Business Application Header.

SctiesSttlmTxInstr