Instruction specifications - Xact via SWIFT and Xact File Transfer - Denmark

29.11.2018

Transactions settling in T2S

In the following tables, M=Mandatory; O=Optional; C=Conditional; A=Additional; Seq=SWIFT Message (sub)sequence.



MT541


Receive Against Payment


Seq
M:98a::TRAD//Trade date/timeB
M:95P::PSET//VPDKDKKKXXXE1
M:95P::DEAG//Counterparty’s BIC8 or BIC11 a
O:95A::SAFE b//Counterparty's account in T2S
A:95P::SELL//Ordering party’s BIC8 or BIC11, if different from
DEAG a
or:95Q::SELL//Ordering party’s name, if different from DEAG
or:95R::SELLb//Ordering party’s proprietary code, if different from DEAG
O:95A::SAFE//Ordering party's account
A:95a::BUYR c//Beneficiary


MT543


Deliver Against Payment


Seq
M:98a::TRAD//Trade Date/timeB
M:95P::PSET//VPDKDKKKXXXE1
M:95P::REAG//Counterparty’s BIC8 or BIC11 a
O:97A::SAFE b//Counterparty's account in T2S
A:95P::BUYR b//Beneficiary’s BIC8 or BIC11, if different from REAG a
or:95Q::BUYR//Beneficiary’s name, if different from REAG
or:95R::BUYR b//Beneficiary’s proprietary code, if different from
REAG
O:97A::SAFE//Beneficiary's account
A:95a::SELL c//Ordering party

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a. If a customer uses a BIC8, Clearstream Banking shall be entitled to modify the BIC8 by adding the default XXX suffix to comply with T2S settlement rules. Accordingly, such customers remain liable for any settlement fails that the use of the BIC8 may cause.
b. Optional matching fields.
c. This additional matching field will be forwarded as received. T2S will only match if provided with format BIC or proprietary.  If a customer uses a BIC8, Clearstream Banking will add the default XXX suffix to comply with T2S settlement rules. If not present, Clearstream will default the customer’s matching BIC for the instructing account. If not present, Clearstream will default the customer’s matching BIC for the instructing account (refer to Announcement A16033).

Transactions settling in the VP system

In the following tables, M=Mandatory; O=Optional; C=Conditional;
Seq=SWIFT Message (sub)sequence.

MT540Receive FreeSeq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//VPDKDKKK[XXX]E1
M:95R::DEAG//VPDK/nnnnn a
or:95P::DEAG//Counterparty's BIC b
or:95Q::DEAG//Counterparty's name (if BIC does not exist or VP code not available)
Cc:97A::SAFE//Account of counterparty at CSD Participant specified in DEAG
O:95P::SELL//Ordering party’s BIC
or:95Q::SELL//Ordering party’s name, (if BIC does not exist)
Cc:97A::SAFE//Ordering party’s account


MT541


Receive Against Payment


Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//VPDKDKKK[XXX]E1
M:95R::DEAG//VPDK/nnnnn a
or:95P::DEAG//Counterparty's BIC b
or:95Q::DEAG//Counterparty's name (if BIC does not exist or VP code not available)
Cc:97A::SAFE//Account of counterparty at CSD Participant specified in DEAG
O:95P::SELL//Ordering party’s BIC
or:95Q::SELL//Ordering party’s name, (if BIC does not exist)
Cc:97A::SAFE//Ordering party’s account


MT542


Deliver Free


Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//VPDKDKKK[XXX]E1
M:95R::REAG//VPDK/nnnnn a
or:95P::REAG//Counterparty's BIC b
or:95Q::REAG//Counterparty's name (if BIC does not exist or VP code not available)
Cc:97A::SAFE//Account of counterparty at CSD Participant specified in REAG
O:95P::BUYR//Beneficiary’s BIC
or:95Q::BUYR//Beneficiary’s name, (if BIC does not exist)
Cc:97A::SAFE//Beneficiary’s account


MT543


Deliver Against Payment


Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//VPDKDKKK[XXX]E1
M:95R::REAG//VPDK/nnnnn a
or:95P::REAG//Counterparty's BIC b
or:95Q::REAG//Counterparty's name (if BIC does not exist or VP code not available)
Cc:97A::SAFE//Account of counterparty at CSD Participant specified in REAG
O:95P::BUYR//Beneficiary’s BIC
or:95Q::BUYR//Beneficiary’s name, (if BIC does not exist)
Cc:97A::SAFE//Beneficiary’s account

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a. VP codes (Participant IDs) are published on http://www.uk.vp.dk/.
b. The counterparty’s agent has the option to set the matching criterion at BIC code or at VP code; please check with your counterparty to avoid any delays due to incorrect information in your instruction.
c. If :95Q: name is used for ordering party (on receipts) or beneficiary (on deliveries), the respective :97A: account must be provided. If :95P: BIC is used for ordering party or beneficiary, the respective :97A: account must not be provided unless the counterparty is Danske Bank, in which case :97A: account is mandatory.