Instruction specifications – Swift ISO 20022 DCP mode – CEU – U.S.A.
Reference
In the following tables M=Mandatory; O=Optional.
sese.023 (Securities Settlement Transaction Instruction) DELI with FREE
Counterparty in US (DTC) | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX | |
M | Receiving P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
M | Receiving P1 - <SfkpgAcct/ID> | DTCC ID | |
O | Receiving P2 – <AnyBIC> | BIC11 of final beneficiary or RcvgSttlmPties/Pty2/Id/PrtryId/Id> Beneficiary's name, if BIC not available | |
O | Receiving P2 - <SfkpgAcct/ID> | Beneficiary Party's account b | |
sese.023 (Securities Settlement Transaction Instruction) DELI with APMT and CRDT
Counterparty in US (DTC) | ||||
M | Safekeeping SAC | Security account in T2S | ||
O | Common trade reference - <Cmonld> | COMMa | ||
M | Trade date - <TradDt> | Trade Date | ||
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX | ||
M | Receiving P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | ||
M | Receiving P1 - <SfkpgAcct/ID> | DTCC ID | ||
O | Receiving P2 – <AnyBIC> | BIC11 of final beneficiary or RcvgSttlmPties/Pty2/Id/PrtryId/Id> Beneficiary`s name, if BIC not available | ||
O | Receiving P2 - <SfkpgAcct/ID> | Beneficiary Party's account b | ||
M | Settlement amount - <SttlmAM\AM> | Cash amount (in USD) | ||
sese.023 (Securities Settlement Transaction Instruction) RECE with FREE
Counterparty in US (DTC) | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | DTCCYUS33XXX | |
M | Delivering P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
O | Delivering P1 - <SfkpgAcct/ID> | DTCC ID | |
O | Delivering P2 – <AnyBIC> | Ordering party BIC OR <DlvrgSttlmPties/Pty2/Id/PrtryId/Id> Ordering party name, if BIC not available | |
O | Delivering P2 - <SfkpgAcct/ID> | Ordering Party account b | |
sese.023 (Securities Settlement Transaction Instruction) RECE with APMT and CRDT
Counterparty in US (DTC) | ||
M | Safekeeping SAC | Security account in T2S |
O | Common trade reference - <Cmonld> | COMM a |
M | Trade date - <TradDt> | Trade Date |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | DTCCYUS33XXX |
M | Delivering P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) |
O | Delivering P1 - <SfkpgAcct/ID> | DTCC ID |
O | Delivering P2 – <AnyBIC> | Ordering party BIC OR <DlvrgSttlmPties/Pty2/Id/PrtryId/Id> Ordering party name, if BIC not available |
O | Delivering P2 - <SfkpgAcct/ID> | Ordering Party account b |
M | Settlement amount - <SttlmAM\AM> | Cash amount (in USD) |
sese.023 (Securities Settlement Transaction Instruction) DELI with FREE
Counterparty in US (FED) | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | FRNYUS33XXX | |
M | Receiving P1 - <AnyBIC> | BIC 11 of the counterparty (or FRNYUS33XXX if not known) | |
M | Receiving P1 - <SfkpgAcct/ID> | Counterparty's ABA number | |
M | Receiving P2 - <NmAndAdr/Nm> | UNKNOWN | |
M | Receiving P2 - <SfkpgAcct/ID> | Ordering party's mnemonic, as per wire address | |
O | Receiving P3 – <AnyBIC> | BIC11 of final beneficiary | |
O | Receiving P3 - <SfkpgAcct/ID> | Beneficiary Party's account b | |
sese.023 (Securities Settlement Transaction Instruction) DELI with APMT and CRDT
Counterparty in US (FED) | ||||
M | Safekeeping SAC | Security account in T2S | ||
O | Common trade reference - <Cmonld> | COMM a | ||
M | Trade date - <TradDt> | Trade Date | ||
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | FRNYUS33XXX | ||
M | Receiving P1 - <AnyBIC> | BIC 11 of the counterparty (or FRNYUS33XXX if not known) | ||
M | Receiving P1 - <SfkpgAcct/ID> | Counterparty's ABA number | ||
M | Receiving P2 - <NmAndAdr/Nm> | UNKNOWN | ||
M | Receiving P2 - <SfkpgAcct/ID> | Ordering party`s mnemonic, as per wire address | ||
O | Receiving P3 – <AnyBIC> | BIC11 of final beneficiary | ||
O | Receiving P3 - <SfkpgAcct/ID> | Beneficiary Party's account b | ||
M | Settlement amount - <SttlmAM\AM> | Cash amount (in USD) | ||
sese.023 (Securities Settlement Transaction Instruction) RECE with FREE
Counterparty in US (FED) | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | FRNYUS33XXX | |
M | Delivering P1 - <AnyBIC> | BIC 11 of the counterparty (or FRNYUS33XXX if not known) | |
M | Delivering P1 - <SfkpgAcct/ID> | Counterparty's ABA number | |
M | Delivering P2 - <NmAndAdr/Nm> | UNKNOWN | |
M | Delivering P2 - <SfkpgAcct/ID> | Ordering party's mnemonic, as per wire address | |
O | Delivering P3 – <AnyBIC> | BIC11 of final beneficiary | |
O | Delivering P3 - <SfkpgAcct/ID> | Ordering Party's account b | |
sese.023 (Securities Settlement Transaction Instruction) RECE with APMT and CRDT
Counterparty in US (FED) | ||
M | Safekeeping SAC | Security account in T2S |
O | Common trade reference - <Cmonld> | COMM a |
M | Trade date - <TradDt> | Trade Date |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | FRNYUS33XXX |
M | Delivering P1 - <AnyBIC> | BIC 11 of the counterparty (or FRNYUS33XXX if not known) |
M | Delivering P1 - <SfkpgAcct/ID> | Counterparty's ABA number |
M | Delivering P2 - <NmAndAdr/Nm> | UNKNOWN |
M | Delivering P2 - <SfkpgAcct/ID> | Ordering party`s mnemonic, as per wire address |
O | Delivering P3 – <AnyBIC> | BIC11 of final beneficiary |
O | Delivering P3 - <SfkpgAcct/ID> | Ordering Party's account b |
sese.023 (Securities Settlement Transaction Instruction) DELI with FREE
Counterparty in US (DWAC-FOP)c, d | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Registration details – <TradDtls/SttlmInstrPrcgAddtlDtls> | Shareholder registration name e | |
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX | |
M | Receiving P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
M | Receiving P1 - <SfkpgAcct/ID> | 3122 f | |
O | Receiving P2 – < RcvgSttlmPties/Pty2/Id/PrtryId/Id> | Name and address, if different from REAG | |
sese.023 (Securities Settlement Transaction Instruction) RECE with FREE
Counterparty in US (DWAC-FOP) c, d | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Registration details – <TradDtls/SttlmInstrPrcgAddtlDtls> | Shareholder registration name e | |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX | |
M | Delivering P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
M | Delivering P1 - <SfkpgAcct/ID> | 3122 f | |
O | Delivering P2 – < DlvrgSttlmPties/Pty2/Id/PrtryId/Id> | Name and address, if different from DEAG | |
sese.023 (Securities Settlement Transaction Instruction) DELI with FREE
Counterparty in US (DRS-FOP) | |||
M | Safekeeping SAC | Security account in T2S | |
O | Common trade reference - <Cmonld> | COMM a | |
M | Trade date - <TradDt> | Trade Date | |
M | Registration details – <TradDtls/SttlmInstrPrcgAddtlDtls> | DRS Request, complete client registration name, Account number at the Transfer Agent, US Citizen Tax ID g, h | |
M | Receiving depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX | |
M | Receiving P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
M | Receiving P1 - <SfkpgAcct/ID> | 3199 i | |
M | Registration Details – <RcvgSttlmPties/Pty1/AddtlInf/RegnDtls> | Name of the person or company to be registered/street/town and post code/country | |
sese.023 (Securities Settlement Transaction Instruction) RECE with FREE
Counterparty in US (DRS-FOP) | ||
M | Safekeeping SAC | Security account in T2S |
O | Common trade reference - <Cmonld> | COMM a |
M | Trade date - <TradDt> | Trade Date |
M | Registration details – <TradDtls/SttlmInstrPrcgAddtlDtls> | DRS Request, complete client registration name, Account number at the Transfer Agent, US Citizen Tax ID g, h |
M | Delivering depository BIC - <Dpstry/Id/AnyBIC> | DTCYUS33XXX |
M | Delivering P1 - <AnyBIC> | BIC of Participant in DTCC (or DTCYUS33XXX if not known) |
M | Delivering P1 - <SfkpgAcct/ID> | 3199 i |
M | Registration Details – <DlvrgSttlmPties/Pty1/AddtlInf/RegnDtls> | Name of the person or company to be registered/street/town and post code/country |
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a. Common Reference may be populated based on market practices and in coordination with local counterparties.
b. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, clients are strongly urged to provide them.
c. The transfer agent must be contacted to confirm that all the necessary paperwork has been completed before instructing the DWAC
d. In the case of a two-side+A1d DWA+A1C (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.
e. The shareholder registration name is mandatory only for shares priced at less than USD 1.00. There is a 78-character limitation for DTC.
f. 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.
g. 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.
h. 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.
i. Safe must be populated with DTCC number 3199. If BIC and Safe are populated, Counterparty's BIC will not be forwarded to the depository. Only the 3199 will be forwarded to the depository (:95R::REAG/DTCYID/3199. If BIC is populated without SAFE then Counterparty's BIC will be sent.
