Instruction specifications - CreationOnline - South Korea

04.12.2020

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

Receive Free
M

Trade Date

O

Deal Price

M

Place of Settlement

BIC

Party

KSDCKRSEXXX - South Korea

M

Delivering Agent

BIC

Party

counterparty’s BIC

O

Seller

BIC

Party

ordering party’s BIC

O

Account

ordering party’s account

M

Settlement Processing Narrative

/SAFE/Beneficiary’s account at CBL's depositorya
Receive Against Paymentb 
M

Trade Date

O

Deal Price

M

Place of Settlement

BIC

Party

KSDCKRSEXXX - South Korea

M

Delivering Agent

BIC

Party

counterparty’s BIC

O

Seller

BIC

Party

ordering party’s BIC

O

Account

ordering party’s account

M

Settlement Processing Narrative

/SAFE/Beneficiary’s account at CBL's depositorya
Deliver Free
M

Trade Date

O

Deal Price

M

Place of Settlement

BIC

Party

KSDCKRSEXXX - South Korea

M

Receiving Agent

BIC

Party

counterparty’s BIC

O

Buyer

BIC

Party

beneficiary’s BIC

O

Account

beneficiary’s account

M

Settlement Processing Narrative

/SAFE/ordering party’s account at CBL's depositorya
Deliver Against Payment
M

Trade Date

O

Deal Price

M

Place of Settlement

BIC

Party

KSDCKRSEXXX - South Korea

M

Receiving Agent

BIC

Party

counterparty’s BIC

O

Buyer

BIC

Party

beneficiary’s BIC

O

Account

beneficiary’s account

M

Settlement Processing Narrative

/SAFE/ordering party’s account at CBL's depositorya

a. Must be in the first line and the account number must be in the format 002-nnnnnn-421 (where nnnnnn is six digits).
b. CBL customers must select or indicate the “Immediate Release” option in their receipt against payment instructions as outlined in the “Pre-matching service” section on “Settlement services – South Korea”.