Instruction specifications - Common Depository/Common Service Provider - Xact via SWIFT and Xact File Transfer - International (CBL)
Reference
In the following tables, M=Mandatory; O=Optional; C=Conditional;
Seq=SWIFT Message (sub)sequence.
Markdown of certificates in global form
| MT542 | Deliver Free | Seq | ||
| O | :98a: | :TRAD | //Trade date/time | B |
| O | :90a: | :DEAL | //Deal price | |
| M | :70E: | :SPRO | ///MKDW/ a (1st line) ‘Redemption’ or ‘Transfer’ as applicable (2nd line) | |
| M | :22F: | :SETR | //MKDW a | E |
| M | :95C: | :PSET | //XX (2-character country code) | E1 |
| M | :95P: | :REAG | //Counterparty’s BIC | |
| or | :95Q: | :REAG | //Counterparty’s name | |
| O | :95Q: | :BUYR | //Beneficiary’s name | |
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a. Either :70E::SPRO///MKDW/ or :22F::SETR//MKDW must be present. If not present, the instruction will be considered as being a physical delivery pending receipt of definitive certificates (see below).
Physical delivery instructions for securities represented by a temporary global note
Delivery will be executed only upon exchange of the temporary global note and receipt of definitive certificates by Clearstream Banking’s specialised depository. The transaction will have PENF//GLOB status until the securities can be physically delivered.
| MT542 | Deliver Free | Seq | ||
| O | :98a: | :TRAD | //Trade date/time | B |
| O | :90a: | :DEAL | //Deal price | |
| O | :70E: | :SPRO | //‘Redemption’ or ‘Transfer’ as applicable | |
| O | :70D: | :DENC | //5n+11na | C |
| M | :22F: | :SETR | //TRAD | E |
| M | :95C: | :PSET | //XX (2-character country code) | E1 |
| M | :95Q: | :REAG | //Counterparty’s name and full address | |
| O | :95Q: | :BUYR | //Beneficiary’s name | |
| O | :97A: | :SAFE | //Beneficiary’s account | |
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a. All eligible denomination requests will be passed on to the specialised depository, which will execute them on a “best efforts” basis, defined as:
- The specialised depository will deliver the denomination choices requested;
- The specialised depository will deliver whatever lower denominations can satisfy the request.
Delivery of the requested denomination cannot be guaranteed if the instruction is not formatted as above.
