Instruction specifications – Xact via Swift and Xact File Transfer – CEU – OneClearstream – U.S.A.
Reference
In the following tables, M=Mandatory; O=Optional; C=Conditional; Seq=Swift Message (sub)sequence.
Important: The DTC code must be provided without DSS DTCYID, that is client must input 97A::SAFE//xxxx and NOT 97A::SAFE/DTCYID/xxxx
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.
MT540 Receive Free / MT541 Receive against Payment
Counterparty in US (DTC) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :DEAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
O | :97A: | :SAFE | //DTCC ID number b | |
M | :95P: | :DECU | //Ordering party's BIC Or :95Q::DECU//Ordering party name | |
O | :95Q: | :SELL | //UNKNOWN c | |
O | :97A: | :SAFE | Ordering party account | |
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 DEAG, 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::DEAG/DTCYID/DTC id code)
c. 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 DECU field is also required.
MT542 Deliver Free / MT543 Deliver against Payment
Counterparty in US (DTC) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :DEAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
O | :97A: | :SAFE | //DTCC ID number b | |
M | :95P: | :RECU | //Beneficiary' s BIC Or :95Q::RECU//Ordering party name | |
O | :95Q: | :BUYR | //UNKNOWN c | |
O | :97A: | :SAFE | Beneficiary' s account d | |
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 REAG, 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)
c. 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.
d. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, clients are strongly urged to provide them.
MT540 Receive Free / MT541 Receive against Payment
Counterparty in US (FED) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :95P: | :PSET | //FRNYUS33XXX | E1 |
M | :95P: | :DEAG | //BIC of the counterparty (or FRNYUS33XXX if not known) | E1 |
M | :97A: | :SAFE | //Counterparty ABA number b | E1 |
M | :95Q: | :DEI1 | //UNKNOWN | E1 |
M | :97A: | :SAFE | //Ordering party's mnemonic, as per wire address c | E1 |
O | :95P: | :DECU | Ordering party BIC | E1 |
O | :95Q: | :SELL | //UNKNOWN d | E1 |
O | :97A: | :SAFE | Ordering party account | 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 DEAG, 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::DEAG/USFW/counterparty’s ABA number)
c. In the outbound message to the depository, the SAFE value provided in this field will be mapped to the DEAG SAFE)
d. 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 DECU field is also required.
MT542 Deliver Free / MT543 Deliver against Payment
Counterparty in US (FED) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :95P: | :PSET | //FRNYUS33XXX | E1 |
M | :95P: | :REAG | //BIC of the counterparty (or FRNYUS33XXX if not known) | E1 |
M | :97A: | :SAFE | //Counterparty ABA number b | E1 |
M | :95Q: | :REI1 | //UNKNOWN c | E1 |
M | :97A: | :SAFE | //Beneficiary's mnemonic, as per wire address d | E1 |
O | :95P: | :RECU | Beneficiary party BIC | E1 |
O | :95Q: | :BUYR | //UNKNOWN c | E1 |
O | :97A: | :SAFE | Beneficiary party account e | 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 REAG, 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)
c. 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.
d. In the outbound message to the depository, the SAFE value provided in this field will be mapped to the REAG SAFE)
e. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, clients are strongly urged to provide them.
MT540 Receive Free
Counterparty in US (DWAC-FOP) a,b | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference c | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :70E: | :SPRO | //shareholder registration name d | |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :DEAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
M | :97A: | :SAFE | //3122 e | |
a. The transfer agent must be contacted to confirm that all the necessary paperwork has been completed before instructing the DWAC. Please also not that alternatively to Swift MT540/MT542 settlement messages, clients can opt to instruct DWAC via Swift MT565 asset servicing messages. Please refer to CBL Client Handbook for further information.
b. 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.
c. The Common Reference may be populated based on market practices and in coordination with local counterparties.
d. The shareholder registration name is mandatory only for shares priced at less than USD 1.00 USD. There is a 78-character limitation for DTC.
e. 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.
MT542 Deliver Free
Counterparty in US (DWAC-FOP) a,b | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference c | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :REAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | |
O | :97A: | :SAFE | //3122 d | |
O | :95Q: | :BUYR | // Beneficiary’s name, if different from REAG | |
a. The transfer agent must be contacted to confirm that all the necessary paperwork has been completed before instructing the DWAC. Please also not that alternatively to Swift MT540/MT542 settlement messages, clients can opt to instruct DWAC via Swift MT565 asset servicing messages. Please refer to CBL Client Handbook for further information.
b. 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.
c. The Common Reference may be populated based on market practices and in coordination with local counterparties.
d. 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.
MT540 Receive Free
Counterparty in US (DRS-FOP) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :70E: | :SPRO | // DRS Request, complete client registration name, Account number at the Transfer Agent, U.S. Citizen Tax Id b,c | |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :DEAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | E1 |
M | :97A: | :SAFE | //3199 d | E1 |
M | :70D: | :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. 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.
c. 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.
d. 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
MT542 Deliver Free
Counterparty in US (DRS-FOP) | Seq | |||
M | :97A: | :SAFE | //CEU 8-digit account format | |
O | :20C: | COMM | //Common reference a | |
M | :98a: | :TRAD | //Trade date/time | B |
M | :70E: | :SPRO | // DRS Request, complete client registration name, Account number at the Transfer Agent, U.S. Citizen Tax Id b,c | |
M | :95P: | :PSET | //DTCYUS33XXX | E1 |
M | :95P: | :REAG | //BIC of Participant in DTCC (or DTCYUS33XXX if not known) | E1 |
M | :97A: | :SAFE | //3199 d | E1 |
M | :70D: | :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. 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.
c. 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.
d. 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.
