10.2.3 MT 540 Receive Free

This topic describes the MT 540 Receive Free message formats

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a receipt of financial instruments free of payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

Table 10-127 Mandatory Sequence A General Information

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	GENL	M
20C	Reference	Sender's Message Reference	:4!c//16x	M
23G		Function of the Message	4!c[/4!c]	M
98a	Date/Time	Preparation Date/Time	A,C or E	O

Table 10-128 Optional Repetitive Subsequence A1

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	LINK	M
20C	Reference	(see qualifier description)	:4!c//16x	M
36B	Quantity of Financial Instrument	Quantity of Financial Instrument to be Paired-off	:4!c//4!c/15d	O
16S		End of Block	LINK	M

Table 10-129 Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	TRADDET	M
94B	Place	Place of Trade	:4!c/[8c]/4!c[/30x]	O
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Deal	Deal Price	A or B	O
99A	Number Count	Number of Days Accrued	:4!c//[N]3!n	O
35B		Identification of the Financial Instrument	[ISIN1!e12!c]	M
70E	Narrative	(see qualifier description)	:4!c//10*35x	O
16S		End of Block	TRADDET	M

Table 10-130 Mandatory Repetitive Sequence C Financial Instrument/Account

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	FIAC	M
36B	Quantity of Financial Instrument	Quantity of Financial Instrument to be settled	:4!c//4!c/15d	M
95a	Party	Account Owner	P or R	O
97a	Account	(see qualifier description)	A or B	M
16S		End of Block	FIAC	M

Table 10-131 Optional Sequence D Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	REPO	M
98a	Date/Time	(see qualifier description)	A, B, or C	O
22F	Indicator	(see qualifier description)	:4!c/[8c]/4!c	O
20C	Reference	(see qualifier description)	:4!c//16x	O
92a	Rate	(see qualifier description)	A, C, or F	O
19A	Amount	(see qualifier description)	:4!c//[N]3!a15d	O
70C	Narrative	Second Leg Narrative	:4!c//4*35x	O
16S		End of Block	REPO	M

Table 10-132 Mandatory Sequence E Settlement Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETDET	M
22F	Indicator	(see qualifier description)	:4!c/[8c]/4!c	M

Table 10-133 Mandatory Repetitive Subsequence E1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	SETPRTY	M
95a	Party	(see qualifier description)	C, P, Q, R, or S	M
97a	Account	Safekeeping Account	A or B	O
16S		End of Block	SETPRTY	M

Table 10-134 Optional Repetitive Subsequence E3 Amount

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R		Start of Block	AMT	M
19A	Amount	(see qualifier description)	:4!c//[N]3!a15d	M
16S		End of Block	AMT	M
16S		End of Block	SETDET	M