10.2.2 MT 518 Market-Side Securities Trade Confirmation

This topic describes the MT 518 Market-Side Securities Trade Confirmation message.

This message is sent by an executing party to its trade counterparty. It is used to confirm the details of a trade. It may also be used to:

• request the cancellation of a previously sent confirmation
• re-send a confirmation previously sent
• provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent

This message may include, where necessary, the settlement details of the trade.

The market confirmation may be:

• exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade details
• sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider

Maximum Length: 10000

Format Specifications

Table 10-116 Mandatory Sequence A General Information

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
22F	Indicator	Trade Transaction Type	:4!c/[8c]/4!c	M

Table 10-117 Optional Repetitive Subsequence A1 Linkages

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	Start of Block	LINK	M
13a	Number Identification	Linked Message	A or B	O
20C	Reference	(see qualifier description)	:4!c//16x	M
16S	NA	End of Block	LINK	M
16S	NA	End of Block	GENL	M

Table 10-118 Mandatory Sequence B Confirmation Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	Start of Block	CONFDET	M
98a	Date/Time	(see qualifier description)	A, B, C, or E	M
90a	Price	Deal Price	A or B	M
92A	Rate	(see qualifier description)	:4!c//[N]15d	O
99A	Number Count	(see qualifier description)	:4!c//[N]3!n	O
94a	Place	(see qualifier description)	B, C, or F	O
19A	Amount	Settlement Amount	:4!c//[N]3!a15d	O
22a	Indicator	(see qualifier description)	F or H	M
11A	Currency	(see qualifier description)	:4!c//3!a	O

Table 10-119 Mandatory Repetitive Subsequence B1 Confirmation Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	Start of Block	CONFPRTY	M	NA
95a	Party	(see qualifier description)	P, Q, R, or S	M
97a	Account	(see qualifier description)	A or B	O
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70a	Narrative	(see qualifier description)	C or E	O
22F	Indicator	(see qualifier description)	:4!c/[8c]/4!c	O
s16S	NA	End of Block	CONFPRTY	M

Table 10-120 Optional Subsequence B2 Financial Instrument Attributes

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
36B	Quantity of Financial Instrument	Quantity of Financial Instrument Confirmed	:4!c//4!c/15d	M
35B	NA	Identification of the Financial Instrument	[ISIN1!e12!c]
[4*35x]	M	NA	NA	NA

Table 10-121 Optional Sequence C 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
11A	Currency	(see qualifier description)	:4!c//3!a	O

Table 10-122 Optional Repetitive Subsequence C1 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
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70a	Narrative	(see qualifier description)	C or D	O
16S	NA	End of Block	SETPRTY	M

Table 10-123 Optional Repetitive Subsequence C2 Cash Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	Start of Block	CSHPRTY	M
95a	Party	(see qualifier description)	P, Q, R, or S	M
97A	Account	(see qualifier description)	:4!c//35x	O
98a	Date/Time	Processing Date/Time	A or C	O
20C	Reference	Processing Reference	:4!c//16x	O
70C	Narrative	Party Narrative	:4!c//4*35x	O
16S	NA	End of Block	CSHPRTY	M

Table 10-124 Optional Repetitive Subsequence C3 Amounts

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	Start of Block	AMT	M
17B	Flag	(see qualifier description)	:4!c//1!a	O
19A	Amount	(see qualifier description)	:4!c//[N]3!a15d	M
98a	Date/Time	Value Date/Time	A or C	O
92B	Rate	Exchange Rate	:4!c//3!a/3!a/15d	O
16S	NA	End of Block	AMT	M

Table 10-125 Optional Repetitive Sequence D Other Parties

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	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
99B	Number Count	(see qualifier description)	:4!c//3!n	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 10-126 Optional Sequence E Two Leg Transaction Details

Field Tag	Field Name	Field Description	Format	Mandatory/Optional
16R	NA	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
99B	Number Count	(see qualifier description)	:4!c//3!n	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