Instruction specifications - Xact Web Portal - U.S.A.

27.05.2024

In the following tables, M=Mandatory; O=Optional; C=Conditional.

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

 



Receive Against Payment

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

 



Deliver Free

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

 



Deliver Against Payment

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

------------------------------------------
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
additional details

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

     

------------------------------------------
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/
town and post code/country

    

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

 



Deliver Free

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

 



Deliver Against Payment

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

   


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

 



Receive Against Payment

M

Settlement instruction processing additional details

Physical deposit/certificate numbers to receive and
delivering party's Name details

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

 



Deliver Free

M

Settlement instruction processing additional details

Name of the company/contact name/telephone number/
street/town and post code/name of country b

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
/town and post code/name of country b,c

 



Deliver Against Payment

M

Settlement instruction processing additional details

Name of the company/contact name/telephone number/
street/town and post code/name of country b

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
/town and post code/name of country b,c

    

------------------------------------------
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.