Operational Information

Instruction specifications - CASCADE via Swift - CEU - Hong Kong

Market Coverage | CASCADE | Hong Kong

Reference

Service level
CEU OneClearstream
Last Updated
10.09.2026
This page contains Governing Information.

Note: The Swift formats below are those that are recommended by CEU. Ordering parties and beneficiaries can also be specified in other combinations but the counterparty information must contain a BIC11. 

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

MT542 Deliver Free 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//XHKCHKH1XXX 

E1 

M 

:95P: 

:REI1 

//Counterparty's BIC 

E1 

M 

:95P: 

:RECU 

//Beneficiary Party's BIC if different from REAG 

E1 

M 

:95Q: 

:BUYR 

//UNKNOWN b

E1 

M 

:97A: 

:SAFE 

//Beneficiary`s account 

E1 

MT543 Delivery against Payment (DvP) 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//XHKCHKH1XXX 

E1 

M 

:95P: 

:REI1 

//Counterparty's BIC 

E1 

M 

:95P: 

:RECU 

//Beneficiary Party's BIC if different from REAG 

E1 

M 

:95Q: 

:BUYR 

//UNKNOWN b

E1 

M 

:97A: 

:SAFE 

//Beneficiary's account 

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in HKD) 

E3 

MT540 Receive Free 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//XHKCHKH1XXX 

E1 

M 

:95P: 

:DEI1 

//Counterparty's BIC 

E1 

M 

:95P: 

:DECU 

//Ordering Party's BIC if different from DEAG 

E1 

M 

:95Q: 

:SELL 

//UNKNOWN b 

E1 

M 

:97A: 

:SAFE 

//Ordering Party's account 

E1 

MT541 Receipt against Payment (RvP) 

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent 

Seq 

O 

:20C: 

:COMM 

//common reference a 

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//XHKCHKH1XXX 

E1 

M 

:95P: 

:DEI1 

//Counterparty's BIC 

E1 

M 

:95P: 

:DECU 

//Ordering Party's BIC if different from DEAG 

E1 

M 

:95Q: 

:SELL 

//UNKNOWN b

E1 

M 

:97A: 

:SAFE 

//Ordering Party's account 

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in HKD) 

E3 

---------------------------

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  
b. Please note: If the SAFE field is filled, the UNKNOWN value must also be completed. Furthermore, if both SAFE and UNKNOWN are filled, then the RECU/DECU field is also required.  

MT542 Deliver Free 

CMU instruments 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//HKMAHKHCXXX 

E1 

M 

:95P: 

:REI1 

//Counterparty's BIC 

E1 

M 

:97A: 

:SAFE 

//Counterparty's CMU account 

E1 

C c

:95P: 

:RECU 

//Beneficiary Party's BIC if different from REAG 

E1 

C 

:95Q: 

:BUYR 

//UNKNOWN b

E1 

C c

:97A: 

:SAFE 

//Beneficiary's account 

E1 

MT543 Delivery against Payment (DvP) 

CMU instruments 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//HKMAHKHCXXX 

E1 

M 

:95P: 

:REI1 

//Counterparty's BIC 

E1 

M 

:97A: 

:SAFE 

//Counterparty's CMU account 

E1 

C c

:95P: 

:RECU 

//Beneficiary Party's BIC if different from REAG 

E1 

C 

:95Q: 

:BUYR 

//UNKNOWN b

E1 

C c

:97A: 

:SAFE 

//Beneficiary's account 

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in HKD) 

E3 

MT540 Receive Free 

CMU instruments 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//HKMAHKHCXXX 

E1 

M 

:95P: 

:DEI1 

//Counterparty's BIC 

E1 

M 

:97A: 

:SAFE 

//Counterparty's CMU account 

E1 

C c 

:95P: 

:DECU 

//Ordering Party's BIC if different from DEAG 

E1 

C 

:95Q: 

:SELL 

//UNKNOWN b

E1 

C c

:97A: 

:SAFE 

//Ordering Party`s account 

E1 

MT541 Receipt against Payment (RvP) 

CMU instruments 

Seq 

O 

:20C: 

:COMM 

//common reference a

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//HKMAHKHCXXX 

E1 

M 

:95P: 

:DEI1 

//Counterparty's BIC 

E1 

M 

:97A: 

:SAFE 

//Counterparty's CMU account 

E1 

C c

:95P: 

:DECU 

//Ordering Party's BIC if different from DEAG 

E1 

C 

:95Q: 

:SELL 

//UNKNOWN b

E1 

C c

:97A: 

:SAFE 

//Ordering Party's account 

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in HKD) 

E3 

---------------------------

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  
b. Please note: If the SAFE field is filled, the UNKNOWN value must also be completed. Furthermore, if both SAFE and UNKNOWN are filled, then the RECU/DECU field is also required.  
c. This field becomes mandatory when Clearstream's depository (Citibank Hong Kong) is also the counterparty.  ​​​​​​

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