Instruction formats for Cross Border links

Instruction formats for Cross Border links

2CBSS Last reviewed: 3rd May 2013

Contents 1 Introduction ............................................................................................................................. 4

2 Austria - OeKB ....................................................................................................................... 5

2.1 SWIFT protocol ................................................................................................................ 5

2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ......................................... 5

2.2 RNI protocol ..................................................................................................................... 9

2.2.1 710 – Delivery Free of Payment ................................................................................. 9

2.3 X-TRM proprietary format .............................................................................................. 10

2.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment................ 10

3 Belgium - Euroclear Belgium (ESES) .................................................................................... 13

3.1 SWIFT protocol .............................................................................................................. 13

3.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment ....................................... 13

3.2 RNI protocol ................................................................................................................... 17

3.2.1 710 – Delivery Free of Payment ............................................................................... 17



4 France - Euroclear France (ESES) ......................................................................................... 20

4.1 SWIFT protocol .............................................................................................................. 21


4.2 RNI protocol ................................................................................................................... 25




5 Germany - Clearstream Banking Frankfurt ............................................................................ 29

5.1 SWIFT protocol .............................................................................................................. 29

5.1.1 MT542 – Delivery Free of Payment ......................................................................... 29

5.1.2 MT540 – Receive Free of Payment .......................................................................... 31

5.1.3 MT541/3 – Receive/Deliver Against Payment ......................................................... 32

5.2 RNI protocol ................................................................................................................... 35



5.3.1 Proprietary format message – Delivery/Receive Against Payment ............................ 36

6 Netherlands - Euroclear Nederland (ESES) ........................................................................... 39

6.1 SWIFT protocol .............................................................................................................. 39


6.2 RNI protocol ................................................................................................................... 43




7 Spain - Iberclear .................................................................................................................... 47

7.1 SWIFT protocol .............................................................................................................. 47





7.2 RNI protocol ................................................................................................................... 50


8 Switzerland - SIX SIS ........................................................................................................... 51

8.1 SWIFT protocol .............................................................................................................. 51


8.2 RNI protocol ................................................................................................................... 54



8.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment ................. 55

9 UK and Ireland - Euroclear UK&Ireland (operated by Citi) ................................................... 59

9.1 SWIFT protocol .............................................................................................................. 59


9.2 RNI protocol ................................................................................................................... 63




10 United States - DTCC ............................................................................................................ 67

10.1 SWIFT protocol .............................................................................................................. 67




10.2 RNI protocol ................................................................................................................... 70


11 Euroclear Bank ...................................................................................................................... 71

11.1 SWIFT protocol .............................................................................................................. 71


11.2 RNI protocol ................................................................................................................... 75




12 Clearstream Banking Luxembourg ........................................................................................ 79

12.1 SWIFT protocol .............................................................................................................. 79


12.2 RNI protocol ................................................................................................................... 83




Appendix ...................................................................................................................................... 87

Custody systems codes .............................................................................................................. 87


1 Introduction

This document contains a detailed description of the instruction formats for all the markets served by Monte

titoli, within its Cross Border Securities Services (CBSS).

A specific chapter will be dedicated to each market, covering all technical protocols available.

The following markets are covered:

• Domestic CSDs:

o Austria - OeKB

o Belgium - Euroclear Belgium (ESES)

o France - Euroclear France (ESES)

o Germany - Clearstream Banking Frankfurt

o Netherlands - Euroclear Nederland (ESES)

o Spain - Iberclear

o Switzerland - SIX SIS

o UK and Ireland - Euroclear UK&Ireland (operated by Citi)

o United States - DTCC

• International CSDs:

o Euroclear Bank

o Clearstream Banking Luxembourg


2 Austria - OeKB

Monte Titoli has a DvP link in place with Austria's domestic CSD, OeKB.

The following instruction types can be managed through the link, using the indicated protocols:

• Delivery Free of Payment:

o SWIFT message MT542

o RNI message 710

o X-TRM proprietary format message

• Receive Free of Payment:



• Delivery Against Payment:



• Receive Against Payment:



2.1 SWIFT protocol

2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against Payment

Sequence A – General information MANDATORY

M/O for

SWIFT

Tag Qualifier Format M/O for Monte Titoli

Notes

M :16R: GENL

M :20C: SEME :4!c//16x M REFERENCE-CODE:

it must contain the unique message ID

M :23G: NEWM

CANC

:4!c M MESSAGE FUNCTION:

NEWM for new messages

CANC for cancellations

Sub-sequence A1 – Linkages This occurrence is MANDATORY for X-TRM, only for cancellations

M :16R: LINK

M :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:

Only for cancellations, it must contain the X-TRM reference of the instruction that needs to be cancelled (max 6 alphanumerics)


M :16S: LINK

End of Sub-sequence A1

Sub-sequence A1 – Linkages MANDATORY

M :16R: LINK

M :20C: TRRF :4!c//16x M DEAL REFERENCE:

it must contain the instruction ID assigned by the user

M :16S: LINK


M :16S: GENL

End of Sequence A

Sequence B – Trade details MANDATORY

M :16R: TRADDET

M :98C: SETT

:4!c//8!n6!n M SETTLEMENT DATE:

This format allows to indicate settlement date and settlement Time Out. Time Out is not applicable for CBSS, so it must be filled in with zeroes, e.g.:

:SETT//20110823000000

O :98A: TRAD :4!c//8!n M TRADE DATE:

e.g.:

:TRAD//20011023

M :35B: [ISIN1!e12!c] M ISIN CODE:

ISIN code of the financial instrument

M :16S: TRADDET

End of sequence B

Sequence C – Financial Instrument/Account MANDATORY

M :16R: FIAC

M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It can contain maximum 11 integers and 3 decimals

M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:

The issuer code must mandatorily contain the word ‘MOTI’.

The account type code must be ‘CEND’

The settlement account number (35x) contains the following data, separated by a “-“:

• Settlement system code (‘O’ for OeKB)

• Code of the custody system of the counterparty (see table in Appendix)

• Account code of the counterparty at the cross-border custody system

• BIC code of the beneficiary /customer of the counterparty (opt.)

• Account code of the beneficiary /customer of the counterparty (opt.)

• Account code of the trading member at Monte Titoli (opt.)

M :16S: FIAC

End of sequence C


Sequence E – Settlement details MANDATORY

M :16R: SETDET

M :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:

It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.:

:SETR/MOTI/OCTC

O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:

‘SPRI’ = own account

‘SAGE’ = third party account

Sub-sequence E1– Settlement parties MANDATORY

M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]

O PLACE OF SETTLEMENT:

this field is not taken into account by Monte Titoli

O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:

It contains codeword ‘COSL’ (settlement system code), followed by fixed value ‘00’, i.e.:

:PACO//COSL:00

M :16S: SETPRTY

End of Sub-sequence E1


M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

O DELIVERING/RECEIVING AGENT:


REAG

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:

It must contain DSS ‘MOTI’ and Indicator CODE ‘617’ (Monte Titoli), i.e.:

:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY


Sub-sequence E1– Settlement parties OPTIONAL occurrence

M :16R: SETPRTY


O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:

It is only mandatory when the trading member is different to the sender of the message.

It is made of maximum 11 alphanumerics

The following coding types are admitted:

BIC code

+ 'MOTI' -> CED code

+ 'ITIT' -> ABI code

SELL

For messages MT543

M :16S: SETPRTY


Sub-sequence E3 – Amounts MANDATORY

M :16R: AMT

M :19A: SETT

:4!c//[N]3!a15d M SETTLEMENT AMOUNT:

It is the countervalue of the instruction (max 11 integers and 3 decimals)

e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


2.2 RNI protocol

2.2.1 710 – Delivery Free of Payment

IDC DESCRIPTION FORMAT EXAMPLE NOTES

01 MESSAGE TYPE “3”b 01:710 Fixed value

040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code

050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (Monte Titoli)

031 REFERENCE DATE “6”n 031:260711 DDMMYY

020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526

751 FORM NUMBER “9”n 751:861551018 Unique code per instruction and intermediary

717 REFERENCES 20x 717:EOS1107200019405 Free text

706 PARTICIPANT CODE “7”n 706:8145100 Fixed value for OeKB

701 SECURITY CODE “14”b 701:AT000038611500 ISIN code + suffix

718 QUANTITY – NOMINAL VALUE 15n 718:3500000

741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE Information for the beneficiary – free text

759 ACTIVITY CODES 1b/1b E/1 Fixed value

774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible formats:

Q: description

S: BIC code

778 INSTITUTIONAL CUSTOMER FLAG

“1”x 778:S Fixed value

7E5 FOREIGN INTERMEDIARY CODE R

1b/29x

7E5:R/O Fixed value for OeKB

7E6 FOREIGN INTERMEDIARY ACCOUNT CODE

B/35x 7E6:B/7204


2.3 X-TRM proprietary format

2.3.1 Proprietary format message – Delivery/Receive Against/Free of Payment

LU 6.2 protocol is taken as an example:

DESCRIPTION TYPE LENGTH M/O NOTES

MARKET SOURCE A 3 M 'LU6'

TRADE TYPE ABBREVIATION A 3 M ‘CTC’

OPTION TYPE ABBREVIATION A 3 O Not applicable

ACTION REQUIRED A 1 M ‘I’ = input

‘C’ = cancellation

X-TRM IDENTIFIER A 6 O Only for cancellations

TRADE IDENTIFIER FOR THE TRADING MEMBER

A 6 M Identifier assigned to the instruction by the trading member

TRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member, according to the type of coding specified below

TRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI

‘B’ = BIC

'C' = CED

SIGN A 1 O ‘A’ = deliver

'D' = receive

COUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of Monte Titoli)

COUNTERPARTY TYPE OF CODING A 1 O 'C'

CODE OF THE TRADED SECURITY A 12 M ISIN code of the security

TYPE OF CODING OF THE TRADED SECURITY

A 1 O 'I'

MARKET IDENTIFIER A 3 O 'FME'

NEGOTIATION TYPE OF THE TRADING MEMBER

A 1 M ‘P’ = own account

‘T’ = third party account

QUANTITY A 19 M 15 integers and 3 decimals (explicit decimal comma)

PRICE A 15 O Not applicable

EXCHANGE RATE A 13 O Not applicable

SIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has opposite sign with respect to quantity)

COUNTERVALUE A 16 O 0 for FoP transfers

Maximum 3 decimals (according to settlement currency rules)

CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'

TRADE DATE N 8 M YYYYMMDD

TRADE TIME N 6 O Not applicable

SETTLEMENT DATE N 8 M YYYYMMDD

END VALIDITY DATE N 8 O Not applicable

UNITARY ACCRUED INTEREST A 8 O Not applicable

OPTION PRICE A 10 O Not applicable



DATE OF PREMIUM OUTCOME N 8 O Not applicable

PREMIUM OPERATION IDENTIFIER A 6 O Not applicable

TRADING MEMBER'S CENTRAL COUNTERPARTY CODE

A 11 O Not applicable

TRADING MEMBER'S CENTRAL COUNTERPARTY CODE TYPE


TRADING MEMBER'S SETTLEMENT AGENT CODE


TRADING MEMBER'S SETTLEMENT AGENT CODE TYPE


CODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’

TRADING MEMBER'S CUSTODY SYSTEM CODE

A 4 O ‘MOTI’

TRADING MEMBER'S SECURITY SETTLEMENT ACCOUNT

A 35 O It contains the following data, separated by a “-“:

• Settlement system code (‘O’ for OeKB)





• Account code of the trading member at Monte Titoli

TRADING MEMBER'S GENERAL CLEARING MEMBER CODE


TRADING MEMBER'S GENERAL CLEARING MEMBER CODE TYPE


COSTS AMOUNT A 10 O Not applicable

COSTS DEBIT INDICATOR A 1 O Not applicable

COMMISSION TYPE A 1 O Not applicable

COMMISSION A 10 O Not applicable

INDICATOR FOR COMMISSION RATE A 1 O Not applicable

STAMP DUTY ISSUE INDICATOR A 1 O Not applicable

STAMP DUTY DEBIT INDICATOR A 1 O Not applicable

STAMP DUTY CATEGORY A 1 O Not applicable

CODE OF THE BENEFICIARY/ CUSTOMER OF THE TRADING MEMBER


BUYER OF THE TRADING MEMBER CODE TYPE

N 2 O Not applicable

TRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicable

TRADING MEMBER'S ORDER DATE N 8 O Not applicable

FORWARD PRICE A 15 O Not applicable

FORWARD LEG'S STAMP DUTY DEBITING INDICATOR


EXCHANGE RATE OF THE FORWARD LEG


UNIT ACCRUED INTEREST OF THE FORWARD LEG




SETTLEMENT DATE OF THE FORWARD LEG


END VALIDITY DATE OF THE FORWARD LEG


PRIORITY A 1 O Not applicable

TIME OUT A 4 O Not applicable

PRIORITY OF THE FORWARD LEG A 1 O Not applicable

TIME OUT OF THE FORWARD LEG A 4 O Not applicable

TRADING MEMBER BENEFICIARY A 35 O Not applicable

FILLER A 1 O

HOLD-RELEASE INDICATOR A 1 O Not applicable

SETTLEMENT CYCLE A 2 O Not applicable

CORPORATE ACTION INDICATOR A 1 O Not applicable

NEGATIVE UNIT ACCRUED INTEREST INDICATOR


NEGATIVE UNIT ACCRUED INTEREST INDICATOR OF THE FORWARD LEG


COUNTERPARTY BENEFICIARY A 35 O Not applicable

FILLER A 118


3 Belgium - Euroclear Belgium (ESES)

Monte Titoli has a DvP link in place with Belgium's domestic CSD, Euroclear Belgium (ESES platform).




o RNI message 710











3.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC







• Settlement system code (‘F’ for ESES platform)

• Code of the custody system of the counterparty (‘G’ for Euroclear Belgium)





M :16S: FIAC

End of sequence C


M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG

For messages MT543

M :16S: SETPRTY




M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL

For messages MT543

M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


3.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear Belgium

701 SECURITY CODE “14”b 701: BE000380118100 ISIN code + suffix




774 BENEFICIARY CODE Q S 774:Q/93251F Possible formats:

Q: description

S: BIC code




1b/29x

7E5:R/G Fixed value for Euroclear Belgium


B/35x 7E6:B/00030
















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’




• Code of the custody system of the counterparty (‘G’ for Euroclear Belgium)









































FILLER A 1 O









FILLER A 118

4 France - Euroclear France (ESES)

Monte Titoli has a DvP link in place with France's domestic CSD, Euroclear France (ESES platform).




o RNI message 710












4.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK



M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023




M :16S: TRADDET

End of sequence B


M :16R: FIAC







• Code of the custody system of the counterparty (‘F’ for Euroclear France)





M :16S: FIAC

End of sequence C


M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY




M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL

For messages MT543

M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET


End of Sequence E


4.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear France

701 SECURITY CODE “14”b 701:FR000013000700 ISIN code + suffix




774 BENEFICIARY CODE Q S 774:Q/47591N Possible formats:

Q: description

S: BIC code




1b/29x

7E5:R/F Fixed value for Euroclear France


B/35x 7E6:B/00030
















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’




• Code of the custody system of the counterparty (‘F’ for Euroclear France)









































FILLER A 1 O









FILLER A 118


5 Germany - Clearstream Banking Frankfurt

Monte Titoli has a DvP link in place with Germany's domestic CSD, Clearstream Banking Frankfurt (CBF).




o RNI message 710







5.1 SWIFT protocol

5.1.1 MT542 – Delivery Free of Payment


M/O for

SWIFT


Notes

M :16R: GENL

M :20C: SEME :4!c//16x M REFERENCE-CODE: it must contain the keyword MOTI- followed by a string of 9 characters

M :23G: NEWM

:4!c M NEWM

O :98A: PREP :4!c//8!n M PREPARATION DATE

Sub-sequence A1 – Linkages MANDATORY for X-TRM

M :16R: LINK


it must contain the mandatory instruction number from Monte Titoli composed of 9 numeric positions

M :16S: LINK


M :16S: GENL

End of Sequence A



M :16R: TRADDET

M :98A: SETT :4!c//8!n M SETTLEMENT DATE:


M :35B: [ISIN1!e12!c]

[4*35] M ISIN-CODE: the suffix must be mandatorily input with the

keyword SUFF: followed by the suffix in the first characters of the first line of 35x

O :70E: SPRO :4!c//10*35

O

O

SETTLEMENT INSTRUCTION: R717: references R741:instructions

The max length of instructions must be of 100 characters on three consecutive lines

M :16S: TRADDET

End of sequence B


M :16R: FIAC

M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can be expressed either as units number (UNIT) or face amount (FAMT). It must contain maximum two decimals

M :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is the sender’s account: It must mandatorily be a Monte Titoli participant code with issuer code (DSS) MOTI

M :16S: FIAC

End of sequence C


M :16R: SETDET

M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE: it must contain the data source scheme MOTI and activity code 00E1


M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]

PLACE OF SETTLEMENT: this field is not taken into account by Monte Titoli

M :16S: SETPRTY



M :16R: SETPRTY


M

:95R:

:95P:

REAG

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]

M RECEIVING AGENT: Option R: Data Source Scheme ‘DAKV’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.

Option P: it must contain the BIC Code of the foreign counterpart

O :97B: :SAFE/DAKV/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘DAKV’,type code ‘CEND’ plus code of foreign intermediary account

M :16S: SETPRTY



M :16R: SETPRTY

M

:95Q:

:95P:

BUYR

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]

O BUYER (Party that receives the financial instrument). If option Q is used, it contains the description of the customer of the foreign intermediary that is the beneficiary of the operation (format Q of the IDC 774)

If option P is used it must contain the Bic Code of the foreign intermediary that is the beneficiary of the operation

M :16S: SETPRTY


M :16S: SETDET

End of Sequence E

5.1.2 MT540 – Receive Free of Payment

Customers are automatically credited of the incoming securities without need of instructing, conditional the

correct format of the instruction of the counterpart.


5.1.3 MT541/3 – Receive/Deliver Against Payment


M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK



M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC







• Settlement system code (‘A’ for CBF)






M :16S: FIAC

End of sequence C


M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x




REAG

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL

For messages MT543

M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


5.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8131800 Fixed value for CBF

701 SECURITY CODE “14”b 701:DE000352796800 ISIN code + suffix





Q: description

S: BIC code




1b/29x

S

1b/”4”b/”2”b/”2”b(

/”3”b)

7E5:R/MGTCBEBE Possible formats:

R: CSD proprietary code

S: BIC code


B/35x 7E6:B/7204

7E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY

7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY



5.3.1 Proprietary format message – Delivery/Receive Against Payment













‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'









COUNTERVALUE A 16 O Maximum 3 decimals (according to settlement currency rules)






















A 4 O ‘MOTI’



• Settlement system code (‘A’ for CBF)










































FILLER A 1 O









FILLER A 118


6 Netherlands - Euroclear Nederland (ESES)

Monte Titoli has a DvP link in place with the Netherlands' domestic CSD, Euroclear Nederland (ESES

platform).




o RNI message 710











6.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC








• Code of the custody system of the counterparty (‘N’ for Euroclear Nederland)





M :16S: FIAC

End of sequence C


M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG

For messages MT543

M :16S: SETPRTY




M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL

For messages MT543

M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


6.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8134600 Fixed value for Euroclear Nederland

701 SECURITY CODE “14”b 701:NL000380118100 ISIN code + suffix




774 BENEFICIARY CODE Q S 774:Q/48925F Possible formats:

Q: description

S: BIC code




1b/29x

7E5:R/N Fixed value for Euroclear Nederland


B/35x 7E6:B/00030
















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’




• Code of the custody system of the counterparty (‘N’ for Euroclear Nederland)









































FILLER A 1 O









FILLER A 118


7 Spain - Iberclear

Monte Titoli has a FoP link in place with Spain's domestic CSD, Iberclear.




o RNI message 710

7.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL


M :23G: NEWM

:4!c M NEWM



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98A: SETT :4!c//8!n O SETTLEMENT DATE:

O :98A: TRAD :4!c//8!n O TRADE DATE:

M :35B: [ISIN1!e12!c]




O :70E: SPRO :4!c//10*35

O

O



M :16S: TRADDET

End of sequence B


M :16R: FIAC



M :16S: FIAC

End of sequence C


M :16R: SETDET



M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]


M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

:95P:

REAG

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]

M RECEIVING AGENT: Option R: Data Source Scheme ‘IBRC’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.



O :97B: :SAFE/IBRC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘IBRC’,type code ‘CEND’ plus code of foreign intermediary account

M :16S: SETPRTY



M :16R: SETPRTY

M

:95Q:

:95P:

BUYR

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]



M :16S: SETPRTY


M :16S: SETDET

End of Sequence E





Service currently not provided.


7.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8148800 Possible values:

8148800 for SCLV securities (equities)

8150400 for CADE securities (Government Bonds)

701 SECURITY CODE “14”b 701:ES011321183500 ISIN code + suffix





Q: description

S: BIC code




1b/29x

S

1b/”4”b/”2”b/”2”b(

/”3”b)



S: BIC code


B/35x 7E6:B/7204


8 Switzerland - SIX SIS

Monte Titoli has a DvP link in place with Switzerland's domestic CSD, SIX SIS.




o RNI message 710











8.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC






• Settlement system code (‘S’ for SIX SIS)






M :16S: FIAC

End of sequence C



M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL

For messages MT541

:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR

For messages MT543

M :16S: SETPRTY



M :16R: SETPRTY


O

:95P:

:95R:

:95R:

BUYR

For messages MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL

For messages MT543

M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E

8.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8155100 Fixed value for SIX SIS



701 SECURITY CODE “14”b 701:CH003886335000 ISIN code + suffix





Q: description

S: BIC code




1b/29x

7E5:R/S Fixed value for SIX SIS


B/35x 7E6:B/7204


8.3.1 Proprietary format message – Deliver/Receive Against/Free of Payment













‘B’ = BIC

'C' = CED




'D' = receive





A 1 O 'I'









COUNTERVALUE A 16 O Maximum 3 decimals (according to settlement currency rules)


TRADE DATE N 8 O YYYYMMDD


SETTLEMENT DATE N 8 O YYYYMMDD
















A 4 O ‘MOTI’





• Settlement system code (‘S’ for SIX SIS)








































FILLER A 1 O











FILLER A 118


9 UK and Ireland - Euroclear UK&Ireland (operated by Citi)

Monte Titoli has a DvP link in place with UK and Ireland's domestic CSD, Euroclear UK & Ireland (EUI),

which is operated by Citi.




o RNI message 710











9.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC






• Settlement system code (‘K’ for EUI)






M :16S: FIAC

End of sequence C



M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG

For messages MT540 or MT541

:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG


M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL


:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR


M :16S: SETPRTY



M :16R: SETPRTY


O

:95P:

:95R:

:95R:

BUYR


:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL


M :16S: SETPRTY


Sub-sequence E3 – Amounts MANDATORY, only for MT541 or MT543

M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


9.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8566700 Fixed value for EUI

701 SECURITY CODE “14”b 701:GB00B15KXV3300 ISIN code + suffix





Q: description

S: BIC code




1b/29x

7E5:R/K Fixed value for EUI


B/35x 7E6:B/7204



7E9 STAMP DUTY RESERVE TAX (“4”b)(/”4”b) (/15n)(/”3”b)

7E9:AGEN/TRRE/10000/GBP

It contains the following information:

Agent indicator + transaction stamp status + stampable consideration (amount) + stampable consideration (currency)
















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’



• Settlement system code (‘K’ for Euroclear UK & Ireland)










































FILLER A 1 O









FILLER A 118


10 United States - DTCC

Monte Titoli has a FoP link in place with the United States' domestic CSD, DTCC.




o RNI message 710

10.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL


M :23G: NEWM

:4!c M NEWM



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98A: SETT :4!c//8!n M SETTLEMENT DATE:

O :98A: TRAD :4!c//8!n O TRADE DATE:

M :35B: [ISIN1!e12!c]




O :70E: SPRO :4!c//10*35

O

O



M :16S: TRADDET

End of sequence B


M :16R: FIAC



M :16S: FIAC

End of sequence C


M :16R: SETDET



M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]


M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

:95P:

REAG

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]

M RECEIVING AGENT: Option R: Data Source Scheme ‘DTCC’ plus code of the foreign intermediary, in the CSD’s proprietary type of coding.



O :97B: :SAFE/DTCC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme ‘DTCC’,type code ‘CEND’ plus code of foreign intermediary account

M :16S: SETPRTY



M :16R: SETPRTY

M

:95Q:

:95P:

BUYR

:4!c/8c/34x

:4!c//4!a2!a2!c[3!c]



M :16S: SETPRTY


M :16S: SETDET

End of Sequence E





Service currently not provided.


10.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:8162600 Fixed value for DTCC

701 SECURITY CODE “14”b 701:US00184A105100 ISIN code + suffix





Q: description

S: BIC code




1b/29x

S

1b/”4”b/”2”b/”2”b(

/”3”b)



S: BIC code


B/35x 7E6:B/7204


11 Euroclear Bank

Monte Titoli has a DvP link in place with Euroclear Bank.




o RNI message 710











11.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC






• Settlement system code (‘E’ for Euroclear Bank)






M :16S: FIAC

End of sequence C



M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG


:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG


M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL


:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR


M :16S: SETPRTY



M :16R: SETPRTY


O

:95P:

:95R:

:95R:

BUYR


:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL


M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


11.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:1293400 Fixed value for Euroclear Bank

701 SECURITY CODE “14”b 701:BE000380118100 ISIN code + suffix





Q: description

S: BIC code




1b/29x

7E5:R/E Fixed value for Euroclear Bank


B/35x 7E6:B/7204


















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’



• Settlement system code (‘E’ for Euroclear Bank)










































FILLER A 1 O









FILLER A 118


12 Clearstream Banking Luxembourg

Monte Titoli has a DvP link in place with Clearstream Banking Luxembourg.




o RNI message 710











12.1 SWIFT protocol



M/O for

SWIFT


Notes

M :16R: GENL



M :23G: NEWM

CANC





M :16R: LINK




M :16S: LINK



M :16R: LINK



M :16S: LINK


M :16S: GENL

End of Sequence A


M :16R: TRADDET

M :98C: SETT



:SETT//20110823000000


e.g.:

:TRAD//20011023



M :16S: TRADDET

End of sequence B


M :16R: FIAC






• Settlement system code (‘C’ for CBL)






M :16S: FIAC

End of sequence C



M :16R: SETDET



:SETR/MOTI/OCTC





M :16R: SETPRTY

M

:95P:

PSET :4!c//4!a2!a2!c[3!c]





:PACO//COSL:00

M :16S: SETPRTY



M :16R: SETPRTY

M

:95P:

:95R:

DEAG


:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x



REAG


M :16S: SETPRTY



M :16R: SETPRTY

M

:95R:

SELL


:4!c/8c/34x M

COUNTERPARTY CODE:


:BUYR/MOTI/617

Or

:SELL/MOTI/617

BUYR


M :16S: SETPRTY



M :16R: SETPRTY


O

:95P:

:95R:

:95R:

BUYR


:4!c//4!a2!a2!c[3!c]

:4!c/8c/34x

:4!c/8c/34x

O

COUNTERPARTY CODE:




BIC code



SELL


M :16S: SETPRTY



M :16R: AMT

M :19A: SETT



e.g.:

:SETT//EUR5000,

M :16S: AMT


M :16S: SETDET

End of Sequence E


12.2 RNI protocol







020 C.R.O. “11”n 020:86155101803

010 CHECK NUMBER “5”n 010:36526



706 PARTICIPANT CODE “7”n 706:1293200 Fixed value for CBL

701 SECURITY CODE “14”b 701:LU015680172100 ISIN code + suffix





Q: description

S: BIC code




1b/29x

7E5:R/C Fixed value for CBL


B/35x 7E6:B/7204


















‘B’ = BIC

'C' = CED


'D' = receive





A 1 O 'I'
































A 4 O ‘MOTI’



• Settlement system code (‘C’ for CBL)










































FILLER A 1 O









FILLER A 118


Appendix

Custody systems codes

Code Description

C Clearstream Banking Luxembourg

E Euroclear Bank

A Clearstream Frankfurt

F Euroclear France

O OeKB

I Iberclear SCLV

B Iberclear CADE

S SIX SIS

D DTCC

N Euroclear Nederland

P Euroclear Finland

G Euroclear Belgium

K Euroclear UK&Ireland

H Bank of Greece

L Banque Nationale de Belgique

M Interbolsa (Portugal)

J KDD (Slovenia)

Q CDCP (Slovak Republic)

Documents

Instruction formats for Cross Border links