Instruction specifications - Xact Web Portal - U.S.A.
In the following tables, M=Mandatory; O=Optional; C=Conditional.
Book-entry transactions via DTC Institutional Delivery (ID) service (for customers with a positive affirmation profile)
Receive Against Payment | ||
M | Settlement instruction processing | ‘DTCIDnnnnnnnnn’ a |
M | Trade date | |
O | Deal price | |
| Delivering settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
| ||
M | Settlement instruction processing | ‘DTCIDnnnnnnnnn’ a |
M | Trade date | |
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
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a. ‘DTCID’ is fixed value and ‘nnnnnnnnn’ must correspond to the unique DTC Control Number assigned by DTC to each ID confirmation.
Book-entry transactions, counterparties in DTC
Receive Free | ||
M | Trade Date | |
O | Deal Price | |
| Delivering settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
O | Party 2 Format | Proprietary |
Party 2 Issuer | DTCY | |
| Party 2 Scheme | ID |
| Party 2 Identifier | ordering party's DTC account |
or | Party 2 Format | BIC |
Party 2 Identifier | ordering party’s BIC (if DTC account does not exist) | |
or | Party 2 Format | Name |
Party 2 Identifier | ordering party’s name (if DTC account or BIC does not exist) | |
O | Party 2 Safekeeping account | ordering party’s account |
| ||
M | Trade date | |
O | Deal price | |
| Delivering settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
O | Party 2 Format | Proprietary |
Party 2 Issuer | DTCY | |
| Party 2 Scheme | ID |
| Party 2 Identifier | ordering party's DTC account |
or | Party 2 Format | BIC |
Party 2 Identifier | ordering party’s BIC (if DTC account does not exist) | |
or | Party 2 Format | Name |
Party 2 Identifier | ordering party’s name (if DTC account or BIC does not exist) | |
O | Party 2 Safekeeping account | ordering party’s account |
| ||
M | Trade date | |
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
O | Party 2 Format | Proprietary |
Party 2 Issuer | DTCY | |
| Party 2 Scheme | ID |
| Party 2 Identifier | beneficiary’s DTC account |
or | Party 2 Format | BIC |
Party 2 Identifier | beneficiary’s BIC (if DTC account does not exist) | |
or | Party 2 Format | Name |
Party 2 Identifier | beneficiary’s name (if DTC account or BIC does not exist) | |
O | Party 2 Safekeeping account | beneficiary’s account a |
| ||
M | Trade date | |
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | DTCYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | DTCY | |
| Party 1 Scheme | ID |
| Party 1 Identifier | counterparty’s DTC account |
O | Party 2 Format | Proprietary |
Party 2 Issuer | DTCY | |
| Party 2 Scheme | ID |
| Party 2 Identifier | beneficiary’s DTC account |
or | Party 2 Format | BIC |
Party 2 Identifier | beneficiary’s BIC (if DTC account does not exist) | |
or | Party 2 Format | Name |
Party 2 Identifier | beneficiary’s name (if DTC account or BIC does not exist) | |
O | Party 2 Safekeeping account | beneficiary’s account a |
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a. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, customers are strongly urged to provide them.
DWAC transactions in DTC
Note: In order to enable same-day settlement, customers are recommended to encourage their U.S. counterparties to “approve” transactions during local U.S. business hours.
Receive Freeb | ||||
M | Settlement instruction processing | Shareholder registration name preceded by/DWAC deposit/ | ||
M | Trade date | |||
O | Deal price | |||
| Delivering settlement parties |
| ||
M | Depository Format | BIC | ||
Depository Identifier | DTCYUS33XXX | |||
M | Party 1 Format | Proprietary | ||
Party 1 Issuer | DTCY | |||
| Party 1 Scheme | ID | ||
| Party 1 Identifier | 3122 a | ||
Deliver Freeb | ||||
O | Settlement instruction processing additional details | Shareholder registration named preceded by/DWAC deposit/ | ||
M | Trade date | |||
O | Deal price | |||
| Receiving settlement parties |
| ||
M | Depository Format | BIC | ||
Depository Identifier | DTCYUS33XXX | |||
M | Party 1 Format | Proprietary | ||
Party 1 Issuer | DTCY | |||
| Party 1 Scheme | ID | ||
| Party 1 Identifier | 3122 a | ||
O | Party 2 Format | Name | ||
Party 2 Identifier | beneficiary’s name | |||
O | Party 2 Safekeeping account | beneficiary’s account | ||
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a. For conversions from Rule 144A into Reg S where Citibank London is acting as transfer agent, customers 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. Customers 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.
b. The transfer agent must confirm that all the necessary paperwork has been completed before instructing the DWAC.
c. 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, customers 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.
d. The shareholder registration name is mandatory only for shares priced at less than 1.00 USD. There is a 78 character limitation for DTC.
DRS transactions in DTC
Note: If the customer has not submitted the necessary paperwork directly to the agent, Citibank will charge a fee of USD 35 per DRS transaction in addition to the standard transaction fee for the U.S.A.
Receive Free | |||
M | Settlement instruction processing additional details | DRS, Account number at the Transfer Agent, U.S. Citizen Tax ID (if not applicable, see belowa) complete registration name.b | |
M | Trade date | ||
O | Deal price | ||
| Delivering settlement parties |
| |
M | Depository Format | BIC | |
Depository Identifier | DTCYUS33XXX | ||
M | Party 1 Format | Proprietary | |
Party 1 Issuer | DTCY | ||
| Party 1 Scheme | ID | |
| Party 1 Identifier | DTC DRS broker code (without leading zeroes) | |
Deliver Free | |||
M | Settlement instruction processing additional details | DRS, Account number at the Transfer Agent, U.S. Citizen Tax ID (if not applicable, see belowa) complete registration name.b | |
M | Trade date | ||
O | Deal price | ||
| Receiving settlement parties |
| |
M | Depository Format | BIC | |
Depository Identifier | DTCYUS33XXX | ||
M | Party 1 Format | Proprietary | |
Party 1 Issuer | DTCY | ||
| Party 1 Scheme | ID | |
| Party 1 Identifier | 3199 | |
M | Party 1 Registration details | Name of the person or company to be registered/street/ | |
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a. The Tax ID number is only required if the registered owner is a U.S. citizen; otherwise, “TAX ID 999999999” must be entered.
b. A comma separator (,) must be present between each item and the order of details must be followed; otherwise, the instruction may be subject to settlement delays or rejection.
Book-entry transactions, counterparties in Federal Reserve Bank Book Entry system (FBE), including instruments formerly settled in the DTC MBS division
Receive Free | ||
M | Trade date | |
O | Deal price | |
| Delivering settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | FRNYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | USFW | |
Party 1 Identifier | counterparty’s ABA number | |
M | Party 1 Safekeeping account | ordering party’s mnemonic, as per wire address |
O | Party 2 Format | BIC |
Party 2 Identifier | ordering party’s BIC | |
or | Party 2 Format | Name |
Party 2 Identifier | ordering party’s name (if BIC does not exist) | |
O | Party 2 Safekeeping account | ordering party’s account |
Receive Against Payment | ||
M | Trade date | |
O | Deal price | |
| Delivering settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | FRNYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | USFW | |
Party 1 Identifier | counterparty’s ABA number | |
M | Party 1 Safekeeping account | ordering party’s mnemonic, as per wire address |
O | Party 2 Format | BIC |
Party 2 Identifier | ordering party’s BIC | |
or | Party 2 Format | Name |
Party 2 Identifier | ordering party’s name (if BIC does not exist) | |
O | Party 2 Safekeeping account | ordering party’s account |
| ||
M | Trade date | |
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | FRNYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | USFW | |
Party 1 Identifier | counterparty’s ABA number | |
M | Party 1 Safekeeping account | beneficiary’s mnemonic, as per wire address |
O | Party 2 Format | BIC |
Party 2 Identifier | beneficiary’s BIC | |
or | Party 2 Format | Name |
Party 2 Identifier | beneficiary’s name (if BIC does not exist) | |
O | Party 2 Safekeeping account | beneficiary’s account a |
| ||
M | Trade date | |
O | Deal price | |
| Receiving settlement parties |
|
M | Depository Format | BIC |
Depository Identifier | FRNYUS33XXX | |
M | Party 1 Format | Proprietary |
Party 1 Issuer | USFW | |
Party 1 Identifier | counterparty’s ABA number | |
M | Party 1 Safekeeping account | beneficiary’s mnemonic, as per wire address |
O | Party 2 Format | BIC |
Party 2 Identifier | beneficiary’s BIC | |
or | Party 2 Format | Name |
Party 2 Identifier | beneficiary’s name (if BIC does not exist) | |
O | Party 2 Safekeeping account | beneficiary’s account a |
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a. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, customers are strongly urged to provide them.
Physical transactions
Receive Free | |||
M | Settlement instruction processing additional details | /Physical deposit/ | |
M | Trade date | ||
O | Deal price | ||
| Delivering settlement parties |
| |
M | Depository Format | Country code | |
Depository Identifier | US - UNITED STATES OF AMERICA | ||
M | Party 1 Format | Proprietary | |
Party 1 Issuer | DTCY | ||
| Party 1 Scheme | ID | |
| Party 1 Identifier | Delivering party's broker code = 3109 | |
O | Party 2 Format | Name | |
Party 2 Identifier | ordering party’s name | ||
O | Party 2 Safekeeping account | ordering party’s account | |
| |||
M | Settlement instruction processing additional details | Physical deposit/certificate numbers to receive and | |
M | Trade date | ||
O | Deal price | ||
M | Sett. transaction cond. | PHYS - Physical | |
| Delivering settlement parties |
| |
M | Depository Format | Country code | |
Depository Identifier | US - UNITED STATES OF AMERICA | ||
M | Party 1 Format | Name | |
Party 1 Identifier | Delivering party's broker code | ||
M | Party 1 Safekeeping account | ordering party’s mnemonic, as per wire address | |
O | Party 2 Format | Name | |
Party 2 Identifier | ordering party’s name | ||
O | Party 2 Safekeeping account | ordering party’s account | |
| |||
M | Settlement instruction processing additional details | Name of the company/contact name/telephone number/ | |
M | Trade date | ||
O | Deal price | ||
M | Sett. transaction cond. | PHYS - Physical | |
| Receiving settlement parties |
| |
M | Depository Format | Country code | |
Depository Identifier | US - UNITED STATES OF AMERICA | ||
M | Party 1 Format | Name | |
Party 1 Identifier | a | ||
C d | Party 1 Safekeeping account | beneficiary’s account | |
M | Party 1 Registration details | Name of person or company to be registered/street | |
| |||
M | Settlement instruction processing additional details | Name of the company/contact name/telephone number/ | |
M | Trade date | ||
O | Deal price | ||
M | Sett. transaction cond. | PHYS - Physical | |
| Receiving settlement parties |
| |
M | Depository Format | Country code | |
Depository Identifier | US - UNITED STATES OF AMERICA | ||
M | Party 1 Format | Name | |
Party 1 Identifier | a | ||
C d | Party 1 Safekeeping account | beneficiary’s account | |
M | Party 1 Registration details | Name of person or company to be registered/street | |
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a. 3198 for physical delivery; 3199 for DTC withdrawal.
b. The slash character (/) must be present between each item; otherwise, the instruction will be rejected.
c. If the customer wants to have the physical delivery registered into Citibank’s nominee, “Citibank Nominee” must be quoted; otherwise, the name and full address of the person or company to be registered must be entered.
d. Required for deliveries to U.S. counterparties only; otherwise, optional.