2CBSS Last reviewed: 3rd May 2013
Contents 1 Introduction ............................................................................................................................. 4
2 Austria - OeKB ....................................................................................................................... 5
2.1 SWIFT protocol ................................................................................................................ 5
2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ......................................... 5
2.2 RNI protocol ..................................................................................................................... 9
2.2.1 710 – Delivery Free of Payment ................................................................................. 9
2.3 X-TRM proprietary format .............................................................................................. 10
2.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment................ 10
3 Belgium - Euroclear Belgium (ESES) .................................................................................... 13
3.1 SWIFT protocol .............................................................................................................. 13
3.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 13
3.2 RNI protocol ................................................................................................................... 17
3.2.1 710 – Delivery Free of Payment ............................................................................... 17
3.3 X-TRM proprietary format .............................................................................................. 18
3.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment................ 18
4 France - Euroclear France (ESES) ......................................................................................... 20
4.1 SWIFT protocol .............................................................................................................. 21
4.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 21
4.2 RNI protocol ................................................................................................................... 25
4.2.1 710 – Delivery Free of Payment ............................................................................... 25
4.3 X-TRM proprietary format .............................................................................................. 26
4.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment................ 26
5 Germany - Clearstream Banking Frankfurt ............................................................................ 29
5.1 SWIFT protocol .............................................................................................................. 29
5.1.1 MT542 – Delivery Free of Payment ......................................................................... 29
5.1.2 MT540 – Receive Free of Payment .......................................................................... 31
5.1.3 MT541/3 – Receive/Deliver Against Payment ......................................................... 32
5.2 RNI protocol ................................................................................................................... 35
5.2.1 710 – Delivery Free of Payment ............................................................................... 35
5.3 X-TRM proprietary format .............................................................................................. 36
5.3.1 Proprietary format message – Delivery/Receive Against Payment ............................ 36
6 Netherlands - Euroclear Nederland (ESES) ........................................................................... 39
6.1 SWIFT protocol .............................................................................................................. 39
6.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 39
6.2 RNI protocol ................................................................................................................... 43
6.2.1 710 – Delivery Free of Payment ............................................................................... 43
6.3 X-TRM proprietary format .............................................................................................. 44
6.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment................ 44
7 Spain - Iberclear .................................................................................................................... 47
7.1 SWIFT protocol .............................................................................................................. 47
7.1.1 MT542 – Delivery Free of Payment ......................................................................... 47
7.1.2 MT540 – Receive Free of Payment .......................................................................... 49
3CBSS Last reviewed: 3rd May 2013
7.1.3 MT541/3 – Receive/Deliver Against Payment ......................................................... 49
7.2 RNI protocol ................................................................................................................... 50
7.2.1 710 – Delivery Free of Payment ............................................................................... 50
8 Switzerland - SIX SIS ........................................................................................................... 51
8.1 SWIFT protocol .............................................................................................................. 51
8.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 51
8.2 RNI protocol ................................................................................................................... 54
8.2.1 710 – Delivery Free of Payment ............................................................................... 54
8.3 X-TRM proprietary format .............................................................................................. 55
8.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment ................. 55
9 UK and Ireland - Euroclear UK&Ireland (operated by Citi) ................................................... 59
9.1 SWIFT protocol .............................................................................................................. 59
9.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 59
9.2 RNI protocol ................................................................................................................... 63
9.2.1 710 – Delivery Free of Payment ............................................................................... 63
9.3 X-TRM proprietary format .............................................................................................. 64
9.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment ................. 64
10 United States - DTCC ............................................................................................................ 67
10.1 SWIFT protocol .............................................................................................................. 67
10.1.1 MT542 – Delivery Free of Payment ......................................................................... 67
10.1.2 MT540 – Receive Free of Payment .......................................................................... 69
10.1.3 MT541/3 – Receive/Deliver Against Payment ......................................................... 69
10.2 RNI protocol ................................................................................................................... 70
10.2.1 710 – Delivery Free of Payment ............................................................................... 70
11 Euroclear Bank ...................................................................................................................... 71
11.1 SWIFT protocol .............................................................................................................. 71
11.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 71
11.2 RNI protocol ................................................................................................................... 75
11.2.1 710 – Delivery Free of Payment ............................................................................... 75
11.3 X-TRM proprietary format .............................................................................................. 75
11.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment ................. 75
12 Clearstream Banking Luxembourg ........................................................................................ 79
12.1 SWIFT protocol .............................................................................................................. 79
12.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 79
12.2 RNI protocol ................................................................................................................... 83
12.2.1 710 – Delivery Free of Payment ............................................................................... 83
12.3 X-TRM proprietary format .............................................................................................. 83
12.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment ................. 83
Appendix ...................................................................................................................................... 87
Custody systems codes .............................................................................................................. 87
4CBSS Last reviewed: 3rd May 2013
1 Introduction
This document contains a detailed description of the instruction formats for all the markets served by Monte
titoli, within its Cross Border Securities Services (CBSS).
A specific chapter will be dedicated to each market, covering all technical protocols available.
The following markets are covered:
• Domestic CSDs:
o Austria - OeKB
o Belgium - Euroclear Belgium (ESES)
o France - Euroclear France (ESES)
o Germany - Clearstream Banking Frankfurt
o Netherlands - Euroclear Nederland (ESES)
o Spain - Iberclear
o Switzerland - SIX SIS
o UK and Ireland - Euroclear UK&Ireland (operated by Citi)
o United States - DTCC
• International CSDs:
o Euroclear Bank
o Clearstream Banking Luxembourg
5CBSS Last reviewed: 3rd May 2013
2 Austria - OeKB
Monte Titoli has a DvP link in place with Austria's domestic CSD, OeKB.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
2.1 SWIFT protocol
2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
6CBSS Last reviewed: 3rd May 2013
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘O’ for OeKB)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli (opt.)
M :16S: FIAC
End of sequence C
7CBSS Last reviewed: 3rd May 2013
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
8CBSS Last reviewed: 3rd May 2013
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
9CBSS Last reviewed: 3rd May 2013
2.2 RNI protocol
2.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8145100 Fixed value for OeKB
701 SECURITY CODE “14”b 701:AT000038611500 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/O Fixed value for OeKB
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
10CBSS Last reviewed: 3rd May 2013
2.3 X-TRM proprietary format
2.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
11CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘O’ for OeKB)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
12CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
13CBSS Last reviewed: 3rd May 2013
3 Belgium - Euroclear Belgium (ESES)
Monte Titoli has a DvP link in place with Belgium's domestic CSD, Euroclear Belgium (ESES platform).
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
3.1 SWIFT protocol
3.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
14CBSS Last reviewed: 3rd May 2013
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
15CBSS Last reviewed: 3rd May 2013
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘G’ for Euroclear Belgium)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli (opt.)
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT543
M :16S: SETPRTY
16CBSS Last reviewed: 3rd May 2013
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
17CBSS Last reviewed: 3rd May 2013
3.2 RNI protocol
3.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear Belgium
701 SECURITY CODE “14”b 701: BE000380118100 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/93251F Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/G Fixed value for Euroclear Belgium
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/00030
18CBSS Last reviewed: 3rd May 2013
3.3 X-TRM proprietary format
3.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
19CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘G’ for Euroclear Belgium)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
20CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
4 France - Euroclear France (ESES)
Monte Titoli has a DvP link in place with France's domestic CSD, Euroclear France (ESES platform).
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
21CBSS Last reviewed: 3rd May 2013
o X-TRM proprietary format message
4.1 SWIFT protocol
4.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
22CBSS Last reviewed: 3rd May 2013
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘F’ for Euroclear France)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli (opt.)
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
23CBSS Last reviewed: 3rd May 2013
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
25CBSS Last reviewed: 3rd May 2013
4.2 RNI protocol
4.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear France
701 SECURITY CODE “14”b 701:FR000013000700 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/47591N Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/F Fixed value for Euroclear France
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/00030
26CBSS Last reviewed: 3rd May 2013
4.3 X-TRM proprietary format
4.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
27CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘F’ for Euroclear France)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
28CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
29CBSS Last reviewed: 3rd May 2013
5 Germany - Clearstream Banking Frankfurt
Monte Titoli has a DvP link in place with Germany's domestic CSD, Clearstream Banking Frankfurt (CBF).
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
5.1 SWIFT protocol
5.1.1 MT542 – Delivery Free of Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE: it must contain the keyword MOTI- followed by a string of 9 characters
M :23G: NEWM
:4!c M NEWM
O :98A: PREP :4!c//8!n M PREPARATION DATE
Sub-sequence A1 – Linkages MANDATORY for X-TRM
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the mandatory instruction number from Monte Titoli composed of 9 numeric positions
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
30CBSS Last reviewed: 3rd May 2013
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98A: SETT :4!c//8!n M SETTLEMENT DATE:
O :98A: TRAD :4!c//8!n M TRADE DATE:
M :35B: [ISIN1!e12!c]
[4*35] M ISIN-CODE: the suffix must be mandatorily input with the
keyword SUFF: followed by the suffix in the first characters of the first line of 35x
O :70E: SPRO :4!c//10*35
O
O
SETTLEMENT INSTRUCTION: R717: references R741:instructions
The max length of instructions must be of 100 characters on three consecutive lines
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It must contain maximum two decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is the sender’s account: It must mandatorily be a Monte Titoli participant code with issuer code (DSS) MOTI
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE: it must contain the data source scheme MOTI and activity code 00E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
PLACE OF SETTLEMENT: this field is not taken into account by Monte Titoli
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
31CBSS Last reviewed: 3rd May 2013
M
:95R:
:95P:
REAG
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
M RECEIVING AGENT: Option R: Data Source Scheme ‘DAKV’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.
Option P: it must contain the BIC Code of the foreign counterpart
O :97B: :SAFE/DAKV/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘DAKV’,type code ‘CEND’ plus code of foreign intermediary account
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
M
:95Q:
:95P:
BUYR
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
O BUYER (Party that receives the financial instrument). If option Q is used, it contains the description of the customer of the foreign intermediary that is the beneficiary of the operation (format Q of the IDC 774)
If option P is used it must contain the Bic Code of the foreign intermediary that is the beneficiary of the operation
M :16S: SETPRTY
End of Sub-sequence E1
M :16S: SETDET
End of Sequence E
5.1.2 MT540 – Receive Free of Payment
Customers are automatically credited of the incoming securities without need of instructing, conditional the
correct format of the instruction of the counterpart.
32CBSS Last reviewed: 3rd May 2013
5.1.3 MT541/3 – Receive/Deliver Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
33CBSS Last reviewed: 3rd May 2013
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘A’ for CBF)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli (opt.)
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
34CBSS Last reviewed: 3rd May 2013
REAG
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
35CBSS Last reviewed: 3rd May 2013
5.2 RNI protocol
5.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8131800 Fixed value for CBF
701 SECURITY CODE “14”b 701:DE000352796800 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
S
1b/”4”b/”2”b/”2”b(
/”3”b)
7E5:R/MGTCBEBE Possible formats:
R: CSD proprietary code
S: BIC code
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
7E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY
7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY
36CBSS Last reviewed: 3rd May 2013
5.3 X-TRM proprietary format
5.3.1 Proprietary format message – Delivery/Receive Against Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
UNITARY ACCRUED INTEREST A 8 O Not applicable
37CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘A’ for CBF)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
38CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
39CBSS Last reviewed: 3rd May 2013
6 Netherlands - Euroclear Nederland (ESES)
Monte Titoli has a DvP link in place with the Netherlands' domestic CSD, Euroclear Nederland (ESES
platform).
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
6.1 SWIFT protocol
6.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
40CBSS Last reviewed: 3rd May 2013
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
41CBSS Last reviewed: 3rd May 2013
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘N’ for Euroclear Nederland)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli (opt.)
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT543
M :16S: SETPRTY
42CBSS Last reviewed: 3rd May 2013
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
43CBSS Last reviewed: 3rd May 2013
6.2 RNI protocol
6.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear Nederland
701 SECURITY CODE “14”b 701:NL000380118100 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/48925F Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/N Fixed value for Euroclear Nederland
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/00030
44CBSS Last reviewed: 3rd May 2013
6.3 X-TRM proprietary format
6.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
45CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘F’ for ESES platform)
• Code of the custody system of the counterparty (‘N’ for Euroclear Nederland)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
46CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
47CBSS Last reviewed: 3rd May 2013
7 Spain - Iberclear
Monte Titoli has a FoP link in place with Spain's domestic CSD, Iberclear.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
7.1 SWIFT protocol
7.1.1 MT542 – Delivery Free of Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE: it must contain the keyword MOTI- followed by a string of 9 characters
M :23G: NEWM
:4!c M NEWM
O :98A: PREP :4!c//8!n M PREPARATION DATE
Sub-sequence A1 – Linkages MANDATORY for X-TRM
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the mandatory instruction number from Monte Titoli composed of 9 numeric positions
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98A: SETT :4!c//8!n O SETTLEMENT DATE:
O :98A: TRAD :4!c//8!n O TRADE DATE:
M :35B: [ISIN1!e12!c]
[4*35] M ISIN-CODE: the suffix must be mandatorily input with the
keyword SUFF: followed by the suffix in the first characters of the first line of 35x
48CBSS Last reviewed: 3rd May 2013
O :70E: SPRO :4!c//10*35
O
O
SETTLEMENT INSTRUCTION: R717: references R741:instructions
The max length of instructions must be of 100 characters on three consecutive lines
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It must contain maximum two decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is the sender’s account: It must mandatorily be a Monte Titoli participant code with issuer code (DSS) MOTI
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE: it must contain the data source scheme MOTI and activity code 00E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
PLACE OF SETTLEMENT: this field is not taken into account by Monte Titoli
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
:95P:
REAG
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
M RECEIVING AGENT: Option R: Data Source Scheme ‘IBRC’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.
Option P: it must contain the BIC Code of the foreign counterpart
49CBSS Last reviewed: 3rd May 2013
O :97B: :SAFE/IBRC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘IBRC’,type code ‘CEND’ plus code of foreign intermediary account
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
M
:95Q:
:95P:
BUYR
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
O BUYER (Party that receives the financial instrument). If option Q is used, it contains the description of the customer of the foreign intermediary that is the beneficiary of the operation (format Q of the IDC 774)
If option P is used it must contain the Bic Code of the foreign intermediary that is the beneficiary of the operation
M :16S: SETPRTY
End of Sub-sequence E1
M :16S: SETDET
End of Sequence E
7.1.2 MT540 – Receive Free of Payment
Customers are automatically credited of the incoming securities without need of instructing, conditional the
correct format of the instruction of the counterpart.
7.1.3 MT541/3 – Receive/Deliver Against Payment
Service currently not provided.
50CBSS Last reviewed: 3rd May 2013
7.2 RNI protocol
7.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8148800 Possible values:
8148800 for SCLV securities (equities)
8150400 for CADE securities (Government Bonds)
701 SECURITY CODE “14”b 701:ES011321183500 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
S
1b/”4”b/”2”b/”2”b(
/”3”b)
7E5:R/MGTCBEBE Possible formats:
R: CSD proprietary code
S: BIC code
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
51CBSS Last reviewed: 3rd May 2013
8 Switzerland - SIX SIS
Monte Titoli has a DvP link in place with Switzerland's domestic CSD, SIX SIS.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
8.1 SWIFT protocol
8.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
52CBSS Last reviewed: 3rd May 2013
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘S’ for SIX SIS)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
M :16S: FIAC
End of sequence C
53CBSS Last reviewed: 3rd May 2013
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
54CBSS Last reviewed: 3rd May 2013
O
:95P:
:95R:
:95R:
BUYR
For messages MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
8.2 RNI protocol
8.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8155100 Fixed value for SIX SIS
55CBSS Last reviewed: 3rd May 2013
IDC DESCRIPTION FORMAT EXAMPLE NOTES
701 SECURITY CODE “14”b 701:CH003886335000 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/S Fixed value for SIX SIS
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
8.3 X-TRM proprietary format
8.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
56CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 O YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 O YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
57CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘S’ for SIX SIS)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
58CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
59CBSS Last reviewed: 3rd May 2013
9 UK and Ireland - Euroclear UK&Ireland (operated by Citi)
Monte Titoli has a DvP link in place with UK and Ireland's domestic CSD, Euroclear UK & Ireland (EUI),
which is operated by Citi.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
9.1 SWIFT protocol
9.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
60CBSS Last reviewed: 3rd May 2013
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘K’ for EUI)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
M :16S: FIAC
End of sequence C
61CBSS Last reviewed: 3rd May 2013
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT540 or MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
62CBSS Last reviewed: 3rd May 2013
O
:95P:
:95R:
:95R:
BUYR
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY, only for MT541 or MT543
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
63CBSS Last reviewed: 3rd May 2013
9.2 RNI protocol
9.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8566700 Fixed value for EUI
701 SECURITY CODE “14”b 701:GB00B15KXV3300 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/K Fixed value for EUI
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
7E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY
7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY
7E9 STAMP DUTY RESERVE TAX (“4”b)(/”4”b) (/15n)(/”3”b)
7E9:AGEN/TRRE/10000/GBP
It contains the following information:
Agent indicator + transaction stamp status + stampable consideration (amount) + stampable consideration (currency)
64CBSS Last reviewed: 3rd May 2013
9.3 X-TRM proprietary format
9.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
65CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘K’ for Euroclear UK & Ireland)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
66CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
67CBSS Last reviewed: 3rd May 2013
10 United States - DTCC
Monte Titoli has a FoP link in place with the United States' domestic CSD, DTCC.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
10.1 SWIFT protocol
10.1.1 MT542 – Delivery Free of Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE: it must contain the keyword MOTI- followed by a string of 9 characters
M :23G: NEWM
:4!c M NEWM
O :98A: PREP :4!c//8!n M PREPARATION DATE
Sub-sequence A1 – Linkages MANDATORY for X-TRM
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the mandatory instruction number from Monte Titoli composed of 9 numeric positions
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98A: SETT :4!c//8!n M SETTLEMENT DATE:
O :98A: TRAD :4!c//8!n O TRADE DATE:
M :35B: [ISIN1!e12!c]
[4*35] M ISIN-CODE: the suffix must be mandatorily input with the
keyword SUFF: followed by the suffix in the first characters of the first line of 35x
68CBSS Last reviewed: 3rd May 2013
O :70E: SPRO :4!c//10*35
O
O
SETTLEMENT INSTRUCTION: R717: references R741:instructions
The max length of instructions must be of 100 characters on three consecutive lines
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It must contain maximum two decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is the sender’s account: It must mandatorily be a Monte Titoli participant code with issuer code (DSS) MOTI
M :16S: FIAC
End of sequence C
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE: it must contain the data source scheme MOTI and activity code 00E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
PLACE OF SETTLEMENT: this field is not taken into account by Monte Titoli
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
:95P:
REAG
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
M RECEIVING AGENT: Option R: Data Source Scheme ‘DTCC’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.
Option P: it must contain the BIC Code of the foreign counterpart
69CBSS Last reviewed: 3rd May 2013
O :97B: :SAFE/DTCC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘DTCC’,type code ‘CEND’ plus code of foreign intermediary account
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
M
:95Q:
:95P:
BUYR
:4!c/8c/34x
:4!c//4!a2!a2!c[3!c]
O BUYER (Party that receives the financial instrument). If option Q is used, it contains the description of the customer of the foreign intermediary that is the beneficiary of the operation (format Q of the IDC 774)
If option P is used it must contain the Bic Code of the foreign intermediary that is the beneficiary of the operation
M :16S: SETPRTY
End of Sub-sequence E1
M :16S: SETDET
End of Sequence E
10.1.2 MT540 – Receive Free of Payment
Customers are automatically credited of the incoming securities without need of instructing, conditional the
correct format of the instruction of the counterpart.
10.1.3 MT541/3 – Receive/Deliver Against Payment
Service currently not provided.
70CBSS Last reviewed: 3rd May 2013
10.2 RNI protocol
10.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:8162600 Fixed value for DTCC
701 SECURITY CODE “14”b 701:US00184A105100 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
S
1b/”4”b/”2”b/”2”b(
/”3”b)
7E5:R/MGTCBEBE Possible formats:
R: CSD proprietary code
S: BIC code
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
71CBSS Last reviewed: 3rd May 2013
11 Euroclear Bank
Monte Titoli has a DvP link in place with Euroclear Bank.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
11.1 SWIFT protocol
11.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
72CBSS Last reviewed: 3rd May 2013
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘E’ for Euroclear Bank)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
M :16S: FIAC
End of sequence C
73CBSS Last reviewed: 3rd May 2013
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT540 or MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
74CBSS Last reviewed: 3rd May 2013
O
:95P:
:95R:
:95R:
BUYR
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY, only for MT541 or MT543
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
75CBSS Last reviewed: 3rd May 2013
11.2 RNI protocol
11.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:1293400 Fixed value for Euroclear Bank
701 SECURITY CODE “14”b 701:BE000380118100 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/E Fixed value for Euroclear Bank
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
7E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY
7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY
11.3 X-TRM proprietary format
11.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment
76CBSS Last reviewed: 3rd May 2013
LU 6.2 protocol is taken as an example:
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
77CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘E’ for Euroclear Bank)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
78CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
79CBSS Last reviewed: 3rd May 2013
12 Clearstream Banking Luxembourg
Monte Titoli has a DvP link in place with Clearstream Banking Luxembourg.
The following instruction types can be managed through the link, using the indicated protocols:
• Delivery Free of Payment:
o SWIFT message MT542
o RNI message 710
o X-TRM proprietary format message
• Receive Free of Payment:
o SWIFT message MT540
o X-TRM proprietary format message
• Delivery Against Payment:
o SWIFT message MT543
o X-TRM proprietary format message
• Receive Against Payment:
o SWIFT message MT541
o X-TRM proprietary format message
12.1 SWIFT protocol
12.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment
Sequence A – General information MANDATORY
M/O for
SWIFT
Tag Qualifier Format M/O for Monte Titoli
Notes
M :16R: GENL
M :20C: SEME :4!c//16x M REFERENCE-CODE:
it must contain the unique message ID
M :23G: NEWM
CANC
:4!c M MESSAGE FUNCTION:
NEWM for new messages
CANC for cancellations
Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations
M :16R: LINK
M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:
Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)
80CBSS Last reviewed: 3rd May 2013
M :16S: LINK
End of Sub-sequence A1
Sub-sequence A1 – Linkages MANDATORY
M :16R: LINK
M :20C: TRRF :4!c//16x M DEAL REFERENCE:
it must contain the instruction ID assigned by the user
M :16S: LINK
End of Sub-sequence A1
M :16S: GENL
End of Sequence A
Sequence B – Trade details MANDATORY
M :16R: TRADDET
M :98C: SETT
:4!c//8!n6!n M SETTLEMENT DATE:
This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:
:SETT//20110823000000
O :98A: TRAD :4!c//8!n M TRADE DATE:
e.g.:
:TRAD//20011023
M :35B: [ISIN1!e12!c] M ISIN CODE:
ISIN code of the financial instrument
M :16S: TRADDET
End of sequence B
Sequence C – Financial Instrument/Account MANDATORY
M :16R: FIAC
M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals
M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:
The issuer code must mandatorily contain the word ‘MOTI’.
The account type code must be ‘CEND’
The settlement account number (35x) contains the following data, separated by a “-“:
• Settlement system code (‘C’ for CBL)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
M :16S: FIAC
End of sequence C
81CBSS Last reviewed: 3rd May 2013
Sequence E – Settlement details MANDATORY
M :16R: SETDET
M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:
It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:
:SETR/MOTI/OCTC
O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:
‘SPRI’ = own account
‘SAGE’ = third party account
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
PSET :4!c//4!a2!a2!c[3!c]
O PLACE OF SETTLEMENT:
this field is not taken into account by Monte Titoli
O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:
It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:
:PACO//COSL:00
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95P:
:95R:
DEAG
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
O DELIVERING/RECEIVING AGENT:
this field is not taken into account by Monte Titoli
REAG
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties MANDATORY
M :16R: SETPRTY
M
:95R:
SELL
For messages MT540 or MT541
:4!c/8c/34x M
COUNTERPARTY CODE:
It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:
:BUYR/MOTI/617
Or
:SELL/MOTI/617
BUYR
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E1– Settlement parties OPTIONAL occurrence
M :16R: SETPRTY
82CBSS Last reviewed: 3rd May 2013
O
:95P:
:95R:
:95R:
BUYR
For messages MT540 or MT541
:4!c//4!a2!a2!c[3!c]
:4!c/8c/34x
:4!c/8c/34x
O
COUNTERPARTY CODE:
It is only mandatory when the trading member is different to the sender of the message.
It is made of maximum 11 alphanumerics
The following coding types are admitted:
BIC code
+ 'MOTI' -> CED code
+ 'ITIT' -> ABI code
SELL
For messages MT542 or MT543
M :16S: SETPRTY
End of Sub-sequence E1
Sub-sequence E3 – Amounts MANDATORY, only for MT541 or MT543
M :16R: AMT
M :19A: SETT
:4!c//[N]3!a15d M SETTLEMENT AMOUNT:
It is the countervalue of the instruction (max 11 integers and 3 decimals)
e.g.:
:SETT//EUR5000,
M :16S: AMT
End of Sub-sequence E3
M :16S: SETDET
End of Sequence E
83CBSS Last reviewed: 3rd May 2013
12.2 RNI protocol
12.2.1 710 – Delivery Free of Payment
IDC DESCRIPTION FORMAT EXAMPLE NOTES
01 MESSAGE TYPE “3”b 01:710 Fixed value
040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code
050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)
031 REFERENCE DATE “6”n 031:260711 DDMMYY
020 C.R.O. “11”n 020:86155101803
010 CHECK NUMBER “5”n 010:36526
751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary
717 REFERENCES 20x 717:EOS1107200019405 Free text
706 PARTICIPANT CODE “7”n 706:1293200 Fixed value for CBL
701 SECURITY CODE “14”b 701:LU015680172100 ISIN code + suffix
718 QUANTITY – NOMINAL VALUE 15n 718:3500000
741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text
759 ACTIVITY CODES 1b/1b E/1 Fixed value
774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:
Q: description
S: BIC code
778 INSTITUTIONAL CUSTOMER FLAG
“1”x 778:S Fixed value
7E5 FOREIGN INTERMEDIARY CODE R
1b/29x
7E5:R/C Fixed value for CBL
7E6 FOREIGN INTERMEDIARY ACCOUNT CODE
B/35x 7E6:B/7204
7E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY
7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY
12.3 X-TRM proprietary format
12.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment
LU 6.2 protocol is taken as an example:
84CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
MARKET SOURCE A 3 M 'LU6'
TRADE TYPE ABBREVIATION A 3 M ‘CTC’
OPTION TYPE ABBREVIATION A 3 O Not applicable
ACTION REQUIRED A 1 M ‘I’ = input
‘C’ = cancellation
X-TRM IDENTIFIER A 6 O Only for cancellations
TRADE IDENTIFIER FOR THE TRADING MEMBER
A 6 M Identifier assigned to the instruction by the trading member
TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below
TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI
‘B’ = BIC
'C' = CED
SIGN A 1 O ‘A’ = deliver
'D' = receive
COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)
COUNTERPARTY TYPE OF CODING A 1 O 'C'
CODE OF THE TRADED SECURITY A 12 M ISIN code of the security
TYPE OF CODING OF THE TRADED SECURITY
A 1 O 'I'
MARKET IDENTIFIER A 3 O 'FME'
NEGOTIATION TYPE OF THE TRADING MEMBER
A 1 M ‘P’ = own account
‘T’ = third party account
QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)
PRICE A 15 O Not applicable
EXCHANGE RATE A 13 O Not applicable
SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)
COUNTERVALUE A 16 O 0 for FoP transfers
Maximum 3 decimals (according to settlement currency rules)
CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'
TRADE DATE N 8 M YYYYMMDD
TRADE TIME N 6 O Not applicable
SETTLEMENT DATE N 8 M YYYYMMDD
END VALIDITY DATE N 8 O Not applicable
UNITARY ACCRUED INTEREST A 8 O Not applicable
OPTION PRICE A 10 O Not applicable
DATE OF PREMIUM OUTCOME N 8 O Not applicable
PREMIUM OPERATION IDENTIFIER A 6 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE
A 11 O Not applicable
TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE
A 1 O Not applicable
TRADING MEMBER'S SETTLEMENT AGENT CODE
A 11 O Not applicable
85CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE
A 1 O Not applicable
CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’
TRADING MEMBER'S CUSTODY SYSTEM CODE
A 4 O ‘MOTI’
TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT
A 35 O It contains the following data, separated by a “-“:
• Settlement system code (‘C’ for CBL)
• Code of the custody system of the counterparty (see table in Appendix)
• Account code of the counterparty at the cross-border custody system
• BIC code of the beneficiary /customer of the counterparty (opt.)
• Account code of the beneficiary /customer of the counterparty (opt.)
• Account code of the trading member at Monte Titoli
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE
A 11 O Not applicable
TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE
A 1 O Not applicable
COSTS AMOUNT A 10 O Not applicable
COSTS DEBIT INDICATOR A 1 O Not applicable
COMMISSION TYPE A 1 O Not applicable
COMMISSION A 10 O Not applicable
INDICATOR FOR COMMISSION RATE A 1 O Not applicable
STAMP DUTY ISSUE INDICATOR A 1 O Not applicable
STAMP DUTY DEBIT INDICATOR A 1 O Not applicable
STAMP DUTY CATEGORY A 1 O Not applicable
CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER
A 16 O Not applicable
BUYER OF THE TRADING MEMBER CODE TYPE
N 2 O Not applicable
TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable
TRADING MEMBER'S ORDER DATE N 8 O Not applicable
FORWARD PRICE A 15 O Not applicable
FORWARD LEG'S STAMP DUTY DEBITING INDICATOR
A 1 O Not applicable
EXCHANGE RATE OF THE FORWARD LEG
A 13 O Not applicable
UNIT ACCRUED INTEREST OF THE FORWARD LEG
A 8 O Not applicable
SETTLEMENT DATE OF THE FORWARD LEG
N 8 O Not applicable
END VALIDITY DATE OF THE FORWARD LEG
N 8 O Not applicable
PRIORITY A 1 O Not applicable
TIME OUT A 4 O Not applicable
PRIORITY OF THE FORWARD LEG A 1 O Not applicable
TIME OUT OF THE FORWARD LEG A 4 O Not applicable
86CBSS Last reviewed: 3rd May 2013
DESCRIPTION TYPE LENGTH M/O NOTES
TRADING MEMBER BENEFICIARY A 35 O Not applicable
FILLER A 1 O
HOLD-RELEASE INDICATOR A 1 O Not applicable
SETTLEMENT CYCLE A 2 O Not applicable
CORPORATE ACTION INDICATOR A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR
A 1 O Not applicable
NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG
A 1 O Not applicable
COUNTERPARTY BENEFICIARY A 35 O Not applicable
FILLER A 118
87CBSS Last reviewed: 3rd May 2013
Appendix
Custody systems codes
Code Description
C Clearstream Banking Luxembourg
E Euroclear Bank
A Clearstream Frankfurt
F Euroclear France
O OeKB
I Iberclear SCLV
B Iberclear CADE
S SIX SIS
D DTCC
N Euroclear Nederland
P Euroclear Finland
G Euroclear Belgium
K Euroclear UK&Ireland
H Bank of Greece
L Banque Nationale de Belgique
M Interbolsa (Portugal)
J KDD (Slovenia)
Q CDCP (Slovak Republic)