Operational Information

Instruction specifications – Swift ISO 15022 ICP mode – CEU – U.S.A.

Market Coverage | Xact File Transfer | Xact via Swift | USA

Reference

Service level
CEU OneClearstream
Last Updated
29.05.2026
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; Seq=Swift Message (sub)sequence. 

MT542 Deliver Free 

Counterparties in US (DTC) 

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 

//DTCYUS33XXX 

E1 

M 

:95P: 

:REI1 

BIC of Participant in DTCC (or DTCYUS33XXX if not known) b

E1 

M 

:97A: 

SAFE 

DTCC ID 

E1 

O 

:95P: 

:RECU 

//Beneficiary's BIC or 95Q::RECU//Beneficiary's name 

E1 

O 

:95Q: 

:BUYR 

//UNKNOWN m

E1 

O 

:97A: 

:SAFE 

//Beneficiary`s account c

E1 

MT543 Delivery against Payment (DvP) 

Counterparties in US (DTC) 

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 

//DTCYUS33XXX 

E1 

M 

:95P: 

:REI1 

BIC of Participant in DTCC (or DTCYUS33XXX if not known) b

E1 

M 

:97A: 

SAFE 

DTCC ID 

E1 

O 

:95P: 

:RECU 

//Beneficiary's BIC or 95Q::RECU//Beneficiary's name 

E1 

O 

:95Q: 

:BUYR 

//UNKNOWN m

E1 

O 

:97A: 

:SAFE 

//Beneficiary's account c 

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in USD) 

E3 

MT540 Receive Free 

Counterparties in US (DTC) 

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 

//DTCYUS33XXX 

E1 

M 

:95P: 

:DEI1 

BIC 11 of Participant in DTCC (or DTCYUS33XXX if not known) b 

E1 

M 

:97A: 

SAFE 

DTCC ID 

E1 

O 

:95P: 

:DECU 

//Ordering party`s BIC or 95Q::DECU//Beneficiary's name 

E1 

O 

:95Q: 

:SELL 

//UNKNOWN m 

E1 

O 

:97A: 

:SAFE 

//Ordering Party`s account c

E1 

MT541 Receipt against Payment (RvP) 

Counterparties in US (DTC) 

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 

//DTCYUS33XXX 

E1 

M 

:95P: 

:DEI1 

BIC 11 of Participant in DTCC (or DTCYUS33XXX if not known) b 

E1 

M 

:97A: 

SAFE 

DTCC ID 

E1 

O 

:95P: 

:DECU 

//Ordering party`s BIC or 95Q::DECU//Beneficiary's name 

E1 

O 

:95Q: 

:SELL 

//UNKNOWN m 

E1 

O 

:97A: 

:SAFE 

//Ordering Party`s account c

E1 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in USD) 

E3 

MT542 Deliver Free 

Counterparties in US (FED) 

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 

//FRNYUS33XXX 

E1 

M 

:95P: 

:REI1 

BIC 11 of the counterparty (or FRNYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//Counterparty's ABA number d 

E1 

M 

:95Q: 

:REI2 

//UNKNOWN 

E1 

M 

:97A: 

:SAFE 

//Ordering party`s mnemonic, as per wire address l 

O 

:95P: 

:RECU 

Beneficiary's BIC 

O 

:95Q: 

:BUYR 

//UNKNOWN m 

O 

:97A: 

:SAFE 

//Beneficiary`s account c 

MT543 Delivery against Payment (DvP) 

Counterparties in US (FED) 

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 

//FRNYUS33XXX 

E1 

M 

:95P: 

:REI1 

BIC 11 of the counterparty (or FRNYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//Counterparty's ABA number d

E1 

M 

:95Q: 

:REI2 

//UNKNOWN 

E1 

M 

:97A: 

:SAFE 

//Ordering party`s mnemonic, as per wire address l 

O 

:95P: 

:RECU 

Beneficiary's BIC 

O 

:95Q: 

:BUYR 

//UNKNOWN m 

O 

:97A: 

:SAFE 

//Beneficiary`s account c 

M 

:19A: 

:SETT 

//Currency, cash equivalent (in USD) 

E3 

MT540 Receive Free 

Counterparties in US (FED) 

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 

//FRNYUS33XXX 

E1 

M 

:95P: 

:DEI1 

BIC 11 of the counterparty (or FRNYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//Counterparty's ABA number d

E1 

M 

:95Q: 

:DEI2 

//UNKNOWN 

E1 

M 

:97A: 

:SAFE 

//Ordering party's mnemonic, as per wire address l 

O 

:95P: 

:DECU 

Beneficiary's BIC 

O 

:95Q: 

:SELL 

//UNKNOWNm 

O 

:97A: 

:SAFE 

//Ordering party's accountc 

MT541 Receipt against Payment (RvP) 

Counterparties in US (FED) 

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 

//FRNYUS33XXX 

E1 

M 

:95P: 

:DEI1 

BIC 11 of the counterparty (or FRNYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//Counterparty's ABA number d

E1 

M 

:95Q: 

:DEI2 

//UNKNOWN 

E1 

M 

:97A: 

:SAFE 

//Ordering party`s mnemonic, as per wire address l

O 

:95P: 

:DECU 

Beneficiary's BIC 

O 

:95Q: 

:SELL 

//UNKNOWN m 

O 

:97A: 

:SAFE 

//Ordering party`s account c

M 

:19A: 

:SETT 

//Currency, cash equivalent (in USD) 

E3 

MT542 Deliver Free

Counterparties in US (DWAC-FOP) e,f 

Seq 

O 

:20C: 

:COMM 

//common reference a 

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:70E: 

:SPRO 

//shareholder registration name g 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//DTCYUS33XXX 

E1 

M 

:95P: 

:RECU 

BIC 11 of the Participant in DTCC (or DTYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//3122 h 

E1 

O 

:95Q: 

:BUYR 

//Beneficiary's name, if different from REAG  

E1 

MT540 Receive Free 

Counterparties in US (DWAC-FOP) e,f 

Seq 

O 

:20C: 

:COMM 

//common reference a 

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:70E: 

:SPRO 

//shareholder registration name g

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//DTCYUS33XXX 

E1 

M 

:95P: 

:DECU 

BIC 11 of Participant in DTCC (or DTCYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//3122 h

E1 

M 

:95Q: 

:DEI2 

//UNKNOWN 

E1 

O 

:95Q: 

:SELL 

//Ordering party name, if different from DEAG 

MT542 Deliver Free 

Counterparties in US (DRS-FOP) 

Seq 

O 

:20C: 

:COMM 

//common reference a 

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:70E: 

:SPRO// 

DRS Request, complete client registration name, account name, account number at the Transfer Agent, US Citizen Tax ID I,j, 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:REAG 

//DTCYUS33XXX 

E1 

M 

:95P: 

:BUYR 

BIC of Participant in DTCC (or DTCYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//3199 k

E1 

M 

:70E: 

:REGI// 

Name of the person or company to be registered/street/town and post code/country 

E1 

MT540 Receive Free 

Counterparties in US (DRS-FOP) 

Seq 

O 

:20C: 

:COMM 

//common reference a 

A1 

M 

:98A: 

:TRAD 

//Trade date 

B 

M 

:70E: 

:SPRO// 

DRS Request, complete client registration name, account name, account number at the Transfer Agent, US Citizen Tax ID I,j, 

B 

M 

:97A: 

:SAFE 

//CEU 8-digit account format 

C 

M 

:95P: 

:PSET 

//DAKVDEFFXXX 

E1 

M 

:95P: 

:DEAG 

//DTCYUS33XXX 

E1 

M 

:95P: 

:SELL 

BIC of Participant in DTCC (or DTCYUS33XXX if not known) 

E1 

M 

:97A: 

:SAFE 

//3199 k

E1 

M 

:70E: 

:REGI// 

Name of the person or company to be registered/street/town and post code/country 

E1 

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

a. The Common Reference may be populated based on market practices and in coordination with local counterparties.  

b. 97A must populated together with 95P for REI1, it must be populated with DTC ID code of the counterparty. Counterparty's BIC will not be forwarded to the depository. Only the DTC ID will be forwarded to the depository (:95R::REAG/DTCYID/DTC id code)  

Important: The DTC code must be provided without DSS DTCYID, that is, the client must input 97A::SAFE//xxxx and NOT 97A::SAFE/DTCYID/xxxx.  

c. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, clients are strongly urged to provide them.  

d. 97A must populated together with 95P for REI1, it must be populated with ABA number of the counterparty. Counterparty's BIC will not be forwarded to the depository. Only the ABA number will be forwarded to the depository (:95R::REAG/USFW/counterparty’s ABA number)  

Important: The Fedwire code must be provided without DSS USFW, that is, the client must input 97A::SAFE//xxxxxxxxx and NOT 97A::SAFE/USFW/xxxxxxxxx  

e. The transfer agent must be contacted to confirm that all the necessary paperwork has been completed before instructing the DWAC. Please also note that alternatively to Swift MT540/MT542 settlement messages, clients can instruct DWAC via Swift MT565 asset servicing messages. Please refer to CBL Client Handbook for further information.  

f. In the case of a two-sided DWAC (for example, when Reg S tranches are being exchanged for Rule 144A tranches or vice-versa), the counterparty’s name and telephone number must be entered. If Reg S tranches are being exchanged for Rule 144A tranches, clients should make DWAC withdrawal of the Reg S tranche and their counterparty should make DWAC deposit of the Rule 144A tranche. In the case of a one-sided DWAC (used, for example, in conversions), the telephone number must be entered of the transfer agent who can confirm whether all the necessary paperwork has been completed.  

g. The shareholder registration name is mandatory only for shares priced at less than USD 1.00. There is a 78-character limitation for DTC.  

h. For conversions from Rule 144A into Reg S where Citibank London is acting as transfer agent, clients are requested to provide related instruction references via a free-format message to the Settlement team in charge of the U.S. market at the latest by 18:00 CET on SD-1. Clients are also requested, for conversions involving MMI issues only and where Citibank London is acting as transfer agent, to instruct via DTC counterparty 2952 as per standard book-entry instructions with counterparties in DTC.

i. The Tax ID number is only required if the registered owner is a U.S. citizen; otherwise, “TAX ID 999999999” must be entered. If the Tax ID is populated with “0” instead of “9”, the instruction will be rejected.

j. A comma separator (,) must be present between each item and the order of details must be followed; Any other characters (hyphen, dash, slash…) used instead of the comma separator will cause rejection and settlement delay.  

k. 97A must be populated with DTCC number 3199. If 95P and 97A are populated, Counterparty's BIC will not be forwarded to the depository. Only the DTCC ID will be forwarded to the depository (:95R::REAG/DTCYID/3199. If 95P is populated without 97A for the BUYR, then Counterparty's BIC will be sent  

l. In the outbound message to the depository, the SAFE value provided in this field will be mapped to the REAG SAFE  

m. 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 field is also required.  

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