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
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
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 |
Parent topic: CoSecurities Markets