Instruction specifications - Xact Web Portal - South Africa

01.11.2017

In the following tables, M=Mandatory; O=Optional; C=Conditional.

Debt securities

Receive Free

O

Settlement instruction processing additional details

Account transfer a

M

Trade date

 

O

Deal price

Delivering settlement duties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC b

Party 1 Identifier

counterparty’s BIC b

or

Party 1 Format

Name b

Party 1 Identifier

counterparty’s name (if BIC does not exist) b

M

Party 2 Format

BIC b

Party 2 Identifier

ordering party’s BIC b

C

Party 2 Safekeeping account

ordering party’s account c

Receive Against Payment

M

Trade date

O

Deal price

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC b

Party 1 Identifier

counterparty’s BIC b

or

Party 1 Format

Name b

Party 1 Identifier

counterparty’s name (if BIC does not exist) b

M

Party 2 Format

BIC b

Party 2 Identifier

ordering party’s BIC b

C

Party 2 Safekeeping account

ordering party’s account c

Deliver Free

O

Settlement instruction processing  additional details

Account transfer a

M

Trade date

 

O

Deal price

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC b

Party 1 Identifier

counterparty’s BIC b

or

Party 1 Format

Name b

Party 1 Identifier

counterparty’s name (if BIC does not exist) b

M

Party 2 Format

BIC b

Party 2 Identifier

beneficiary’s BIC b

C

Party 2 Safekeeping account

beneficiary’s account c

Deliver Against Payment

M

Trade date

O

Deal price

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC b

Party 1 Identifier

counterparty’s BIC b

or

Party 1 Format

Name b

Party 1 Identifier

counterparty’s name (if BIC does not exist) b

M

Party 2 Format

BIC b

Party 2 Identifier

beneficiary’s BIC b

C

Party 2 Safekeeping account

beneficiary’s account c

------------------------------------------
a. Please refer to the Specific settlement rules / settlement restrictions for account transfers.
b. If no BIC exists for the Delivering/Receiving Agent or for the Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
c. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.

Dematerialised equities

Receive Free

O

Settlement instruction processing additional details

Account transfer b

M

Trade date

 

O

Deal price

C

 Beneficial ownership

unticked

C

 Stamp duty tax basis

a,c

 

Delivering settlement duties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Name d

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

ordering party’s BIC d

C

Party 2 Safekeeping account

ordering party’s account e

Receive Against Payment

M

Trade date

O

Deal price

C

 Beneficial ownership

unticked

C

 Stamp duty tax basis

a,c

 

Delivering settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Name d

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

ordering party’s BIC d

C

Party 2 Safekeeping account

ordering party’s account e

Deliver Free

O

Settlement instruction processing  additional details

Account transfer b

M

Trade date

 

O

Deal price

C

 Beneficial ownership

unticked

C

 Stamp duty tax basis

a,c

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Name d

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

beneficiary’s BIC d

C

Party 2 Safekeeping account

beneficiary’s account e

Deliver Against Payment

M

Trade date

O

Deal price

C

 Beneficial ownership

unticked

C

 Stamp duty tax basis

a,c

 

Receiving settlement parties

 

M

Depository Format

BIC

Depository Identifier

STRAZAJJXXX

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Name d

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

beneficiary’s BIC d

C

Party 2 Safekeeping account

beneficiary’s account e

------------------------------------------
a. If the transaction entails a change in beneficial ownership, these fields must be omitted. Otherwise, "No change of beneficial ownership" must be specified and the  Stamp duty tax basis field must contain “ZA Exempt”.
b. Please refer to the Specific settlement rules / settlement restrictions for account transfers.
c. If STT is applicable, the STT tax status must be indicated in a specific format (see Impact of STT on instruction formats).
d. If no BIC exists for the Delivering/Receiving Agent or for the Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
e. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.

Non-dematerialised equities

Receive Free

O

Settlement instruction processing additional details

Account transfer b

M

Trade date

 

O

Deal price

M

Sett. transaction cond. PHYS – Physical

C

 Beneficial owner

unticked

C

Stamp duty tax basis

a,c

 

Delivering settlement parties

 

M

Depository Format

Country Code

Depository Identifier

ZA - South Africa Physical

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Named

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

ordering party’s BIC d

C

Party 2 Safekeeping account

ordering party’s account e

Receive Against Payment

M

Trade date

O

Deal price

M

Sett. transaction cond. PHYS – Physical

C

 Beneficial owner

unticked

C

Stamp duty tax basis

a,c

 

Delivering settlement parties

 

M

Depository Format

Country Code

Depository Identifier

ZA - South Africa Physical

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Named

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

ordering party’s BIC d

C

Party 2 Safekeeping account

ordering party’s account e

Deliver Free

O

Settlement instruction processing additional details

Account transfer b

M

Trade date

 

O

Deal price

M

Sett. transaction cond. PHYS – Physical

C

 Beneficial owner

unticked

C

 Stamp duty tax basis

a,c

M

Depository Format

Country Code

Depository Identifier

ZA - South Africa Physical

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Named

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

beneficiary’s BIC d

C

Party 2 Safekeeping account

beneficiary’s account e

Deliver Against Payment

M

Trade date

O

Deal price

M

Sett. transaction cond. PHYS – Physical

C

 Beneficial owner

unticked

C

 Stamp duty tax basis

a,c

 

Receiving settlement parties

 

M

Depository Format

Country Code

Depository Identifier

ZA - South Africa Physical

M

Party 1 Format

BIC d

Party 1 Identifier

counterparty’s BIC d

or

Party 1 Format

Named

Party 1 Identifier

counterparty’s name (if BIC does not exist) d

M

Party 2 Format

BIC d

Party 2 Identifier

beneficiary’s BIC d

C

Party 2 Safekeeping account

beneficiary’s account e

------------------------------------------
a. If the transaction entails a change in beneficial ownership, these fields must be omitted. Otherwise, "No change of beneficial ownership" must be specified and the Stamp duty tax basis field must contain “ZA Exempt”.
b. Please refer to the Specific settlement rules / settlement restrictions for account transfers.
c. If STT is applicable, the STT tax status must be indicated in a specific format. See Impact of STT on instruction formats.
d. If no BIC exists for the Delivering/Receiving Agent or for the Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
e. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.