2.1.8.2 The Stop Account Code

This topic provides instructions to indicate the stop instruction status of the account.

When you specify a stop instruction through an information change, the system automatically assigns a 20-character code that indicates the stop instruction status of the account, known as the Stop Account Code. Any account that has a stop account code assigned to it due to a stop instruction, is restricted in operation.

To recall, an account can be rendered restricted in operation due to any of the following:

• An IRS notification on the account. This could also be for notifications such as Sections 54E (A) or 54E (B).
• The Stop Code being assigned to the account.

Both IRS notifications as well as Stop Codes can be assigned to an account through an information change.

The stop account code consists of 20 characters or Bits. Each character denotes a restriction on any of the following operations:

• Bit 1 is for IPO Subscription Transactions. Bit 2 is for Redemption Transactions.
• Bit - 13 for Redemption Payment Restrictions
• Bit - 14 for Dividend Payment Restrictions
• Block and unblock transactions (Bit 3)
• Standing instructions (Bit 4)
• Tax deduction (Bit 5)
• Dividend payment (Bit 6)
• Subscription transactions (Bit 7)
• Switch Out transactions (Bit 8)
• Transfer Out transactions (Bit 9)
• Switch In transactions (Bit 10)
• Transfer transactions (Bit 11)
• Dividend payment (Bit 12)

Each character could have a value of 0,1 or 2. The values are interpreted as follows:

Table 2-1 Values Interpretation

Stop account bit position	Interpretation
	When bit value = 0	When bit value = 1	When bit value = 2
1	Allow all IPO Subscription Transactions	Stop all IPO Subscription Transactions	Warning
2	Allow all Redemption Transactions	Stop all Redemption Transactions	Warning
3	Unblock all transactions	Block all transactions	Warning
4	Pause all standing instructions
5	Deduct all dividend tax
6	Dividend reinvestment only
7	Allow all subscription transactions	Stop all subscription transactions	Warning
8	Allow all Switch Out transactions	Stop all Switch Out Transactions	Warning
9	Allow all Transfer Out transactions	Stop all Transfer Out transactions	Warning
10	Allow all Switch In transactions	Stop all Switch In transactions	Warning
11	Allow all Transfer In transactions	Stop all Transfer In transactions	Warning
12	Dividend payout only. The 6th bit will take precedence over the 12th bit if the value of both is specified as 1.

Note:

The remaining 8 characters in the stop account code are not currently used, and are reserved for future usage.