9.5.1 Capture SWIFT Related Information

If trade is restricted

Ownership or transfer of a security can be subject to restrictions imposed by the Issuer or Market. You can indicate if trade involving the securities maintained under a product is Restricted. You can choose the Restricted option to indicate this. Securities with trade restrictions will be reported as such, in the

If the position has been covered

You can allow or disallow selling (of a security) from a short position. Enter this information when building a Preference Class. Your specification will default to all securities maintained under products. This default can be changed. Choose the Covered option if your positions (on securities) should be covered. By not choosing the ‘Covered’ option, you indicate that securities (maintained under products with which you associate the class) can be sold from a short position. This attribute of a security will be reported in Field 17B of the Market-Side Securities Trade Confirmation message (MT 518), generated for deals involving the security.