10.2.4 MT 541 Receive Against Payment

This topic describes the MT541 Receive Against Payment message.

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 against payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

Format Specifications

Table 10-135 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 10-136 Optional Repetitive Subsequence A1

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

Table 10-137 Mandatory Sequence B Trade Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	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	NA	Identification of the Financial Instrument	[ISIN1!e12!c]	M
70E	Narrative	(see qualifier description)	:4!c//10*35x	O
16S	NA	End of Block	TRADDET	M

Table 10-138 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 10-139 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	NA	End of Block	REPO	M

Table 10-140 Mandatory Sequence E Settlement Details

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

Table 10-141 Mandatory Repetitive Subsequence E1 Settlement Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	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	NA	End of Block	SETPRTY	M

Table 10-142 Optional Repetitive Subsequence E3 Amount

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

Table 10-143 Repetitive Optional Sequence F Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	Start of Block	OTHRPRTY	M	NA
95a	Party	(see qualifier description)	C, P, R, Q or S	M
97A	Account	(see qualifier description)	:4c//35x	O
70a	Narrative	(see qualifier description)	E,D or C	O
20C	Reference	Reference	:4c//16x	O
16S	End of Block	OTHRPRTY	M	NA