Instruction specifications - Xact Web Portal - South Korea

04.12.2020

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

Receive Free

M

Settlement instruction processing additional details

/SAFE/Beneficiary’s account at CBL's depositorya

M

Trade date

 

O

Deal price

 
 

Delivering settlement parties

 

M

Depository Format

BIC

 

Depository Identifier

KSDCKRSEXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 2 Format

BIC

 

Party 2 Identifier

ordering party’s BIC

O

Party 2 Safekeeping account

ordering party’s account

Receive Against Paymentb

M

Settlement instruction processing additional details

/SAFE/Beneficiary’s account at CBL's depositorya

M

Trade date

 

O

Deal price

 
 

Delivering settlement parties

 

M

Depository Format

BIC

 

Depository Identifier

KSDCKRSEXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 2 Format

BIC

 

Party 2 Identifier

ordering party’s BIC

O

Party 2 Safekeeping account

ordering party’s account

Deliver Free

M

Settlement instruction processing additional details

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

O

Deal price

 
 

Receiving settlement parties

 

M

Depository Format

BIC

 

Depository Identifier

KSDCKRSEXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 2 Format

BIC

 

Party 2 Identifier

beneficiary’s BIC

O

Party 2 Safekeeping account

beneficiary’s account

Deliver Against Payment

M

Settlement instruction processing additional details

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

O

Deal price

 

M

Depository Format

BIC

 

Depository Identifier

KSDCKRSEXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 2 Format

BIC

 

Party 2 Identifier

beneficiary’s BIC

O

Party 2 Safekeeping account

beneficiary’s account

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”.