Instruction specifications - Xact via SWIFT and Xact File Transfer - Hong Kong

02.07.2018

In the following tables, M=Mandatory; O=Optional; C=Conditional;
Seq=SWIFT Message (sub)sequence.

CCASS-eligible equities and warrants - Buyer/Seller is direct client of Delivering/Receiving Agent

MT540Receive FreeSeq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS// aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::DEAG//Counterparty’s BIC b,c
M:95P::SELL//Ordering party’s BIC, if different from DEAG b
M:97A::SAFE//Ordering party’s account


MT541

Receive Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS// aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::DEAG//Counterparty’s BICb,c
M:95P::SELL//Ordering party’s BIC, if different from DEAG b
M:97A::SAFE//Ordering party’s account


MT542

Deliver Free

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS// aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::REAG//Counterparty’s BIC b,c
M:95P::BUYR//Beneficiary’s BIC, if different from REAG b
M:97A::SAFE//Beneficiary’s account


MT543

Deliver Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS//aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::REAG//Counterparty’s BIC b,c
M:95P::BUYR//Beneficiary’s BIC, if different from REAG b
M:97A::SAFE//Beneficiary’s account

------------------------------------------
a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, this field must contain YRTG to indicate that the instruction is to be processed in the mandatory and/or optional settlement processings (see “RTGS instructions for CCASS instruments” under Settlement services).
b. If no BIC exists or none is available,  the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
c. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CCASS ID.

CCASS-eligible equities and warrants - Buyer/Seller is indirect client (custodian bank) of Delivering/Receiving Agent

MT540Receive FreeSeq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS//aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::DEAG//Counterparty’s BIC b,c
M:95P::SELL//Ordering party’s BIC, if different from DEAG b
M:95P::DECU//Global Custodian’s BIC b
M:97A::SAFE//Global Custodian’s account with Delivering Agent

MT541
Receive Against Payment
Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS// aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::DEAG//Counterparty’s BIC b,c
M:95P::SELL//Ordering party’s BIC, if different from DEAG b
M:95P::DECU//Global Custodian’s BIC b
M:97A::SAFE//Global Custodian’s account with Delivering Agent

MT542
Deliver Free
Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS//aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::REAG//Counterparty’s BIC b,c
M:95P::BUYR//Beneficiary’s BIC, if different from REAG b
M:95P::RECU//Global Custodian’s BIC b
M:97A::SAFE//Global Custodian’s account with Receiving Agent

MT543
Deliver Against Payment
Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::RTGS//aE
M:95P::PSET//XHKCHKH1[XXX]E1
M:95P::REAG//Counterparty’s BIC b,c
M:95P::BUYR//Beneficiary’s BIC, if different from REAG b
M:95P::RECU//Global Custodian’s BIC b
M:97A::SAFE//Global Custodian’s account with Receiving Agent

------------------------------------------
a. For Real-Time Gross Settlement (RTGS) instructions for CCASS instruments only, this field must contain YRTG to indicate that the instruction is to be processed in the mandatory and/or optional settlement processings (see “RTGS instructions for CCASS instruments” under Settlement services).
b. If no BIC exists or none is available,  the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring.
c. If no BIC exists and the Broker Code/CCASS ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CCASS ID.

Physical CCASS- and Non–CCASS-eligible equities and warrants

MT540Receive FreeSeq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::BENE//NBEN (if no change in beneficial ownership)E
M:22F::STCO//PHYS
M:95C::PSET//aE1
M:95Q::DEAG//900021
O:95Q::SELL//Ordering party’s name, if different from DEAG
O:97A::SAFE//Ordering party’s account


MT541

Receive Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::BENE//NBEN (if no change in beneficial ownership)E
M:22F::STCO//PHYS
M:95C::PSET//aE1
M:95Q::DEAG//900021
O:95Q::SELL//Ordering party’s name, if different from DEAG
O:97A::SAFE//Ordering party’s account


MT542

Deliver Free

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::BENE//NBEN (if no change in beneficial ownership)E
M:22F::STCO//PHYS
M:95C::PSET//aE1
M:95Q::REAG//900023
O:95Q::BUYR//Beneficiary’s name, if different from REAG
O:97A::SAFE//Beneficiary’s account


MT543

Deliver Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:22F::BENE//NBEN (if no change in beneficial ownership)E
M:22F::STCO//PHYS
M:95C::PSET//aE1
M:95Q::REAG//900023
O:95Q::BUYR//Beneficiary’s name, if different from REAG
O:97A::SAFE//Beneficiary’s account

a. For equities, PSET should be XHKCHKH1. For CMU instruments, PSET should be HKMAHKHC.

CMU instruments and Exchange Fund Paper

MT540Receive FreeSeq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:70E::SPRO//New issue distribution a
M:95P::PSET//HKMAHKHC[XXX] or HKMAHKHP[XXX]E1
M:95P::DEAG//Counterparty’s BICb,c
M:97A::SAFE//Counterparty’s CMU account
C:95P::SELLd//Ordering party’s BIC, if different from DEAGb
C:97A::SAFEd//Ordering party’s account


MT541

Receive Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
C:70E::SPRO//New issue distribution a
M:95P::PSET//HKMAHKHC[XXX] or HKMAHKHP[XXX]E1
M:95P::DEAG//Counterparty’s BIC b,c
M:97A::SAFE//Counterparty’s CMU account
C:95P::SELLd//Ordering party’s BIC, if different from DEAGb
C:97A::SAFEd//Ordering party’s account


MT542

Deliver Free

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//HKMAHKHC[XXX] or HKMAHKHP[XXX]E1
M:95P::REAG//Counterparty’s BICb,c
M:97A::SAFE//Counterparty’s CMU account
C:95P::BUYRd//Beneficiary’s BIC, if different from REAGb
C:97A::SAFEd//Beneficiary’s account


MT543

Deliver Against Payment

Seq
M:98a::TRAD//Trade date/timeB
O:90a::DEAL//Deal price
M:95P::PSET//HKMAHKHC[XXX] or HKMAHKHP[XXX]E1
M:95P::REAG//Counterparty’s BICb,c
M:97A::SAFE//Counterparty’s CMU account
C:95P::BUYRd//Beneficiary’s BIC, if different from REAGb
C:97A::SAFEd//Beneficiary’s account

------------------------------------------
a. Mandatory for the allotment of new issues of CMU instruments.
b. If no BIC exists or none is available,  the :95Q: Name and Address field must be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
c. If no BIC exists and the Broker Code/CMU ID for the Delivering/Receiving Agent or for the Seller/Buyer is available, the :95Q: Name and Address field must be used instead in each case. The format should be :95Q::DEAG//Broker Code or CMU ID.
d. This field becomes mandatory when Clearstream Banking's depository (Citibank Hong Kong) is also the counterparty.

    Related Links