Instruction specifications - Xact Web Portal - U.S.A.

13.06.2024

In the following tables, M=Mandatory; O=Optional; C=Conditional.

Book-entry transactions, counterparties in DTC

	Receive Free
M	Trade Date
O	Deal Price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme	ID
	Party 1 Identifier	counterparty’s DTC account
O	Party 2 Format	Proprietary
	Party 2 Issuer	DTCY
	Party 2 Scheme	ID
	Party 2 Identifier	ordering party's DTC account
or	Party 2 Format	BIC
	Party 2 Identifier	ordering party’s BIC (if DTC account does not exist)
or	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name (if DTC account or BIC does not exist)
O	Party 2 Safekeeping account	ordering party’s account
	Receive Against Payment
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme	ID
	Party 1 Identifier	counterparty’s DTC account
O	Party 2 Format	Proprietary
	Party 2 Issuer	DTCY
	Party 2 Scheme	ID
	Party 2 Identifier	ordering party's DTC account
or	Party 2 Format	BIC
	Party 2 Identifier	ordering party’s BIC (if DTC account does not exist)
or	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name (if DTC account or BIC does not exist)
O	Party 2 Safekeeping account	ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme	ID
	Party 1 Identifier	counterparty’s DTC account
O	Party 2 Format	Proprietary
	Party 2 Issuer	DTCY
	Party 2 Scheme	ID
	Party 2 Identifier	beneficiary’s DTC account
or	Party 2 Format	BIC
	Party 2 Identifier	beneficiary’s BIC (if DTC account does not exist)
or	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name (if DTC account or BIC does not exist)
O	Party 2 Safekeeping account	beneficiary’s account ^a
	Deliver Against Payment
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme	ID
	Party 1 Identifier	counterparty’s DTC account
O	Party 2 Format	Proprietary
	Party 2 Issuer	DTCY
	Party 2 Scheme	ID
	Party 2 Identifier	beneficiary’s DTC account
or	Party 2 Format	BIC
	Party 2 Identifier	beneficiary’s BIC (if DTC account does not exist)
or	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name (if DTC account or BIC does not exist)
O	Party 2 Safekeeping account	beneficiary’s account ^a

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a. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, customers are strongly urged to provide them.

DWAC transactions in DTC

Note: In order to enable same-day settlement, customers are recommended to encourage their U.S. counterparties to “approve” transactions during local U.S. business hours.

	Receive Free^b
M	Settlement instruction processing additional details		Shareholder registration name preceded by/DWAC deposit/
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format		BIC
	Depository Identifier		DTCYUS33XXX
M	Party 1 Format		Proprietary
	Party 1 Issuer		DTCY
	Party 1 Scheme	ID
	Party 1 Identifier		3122 ^a
	Deliver Free^b
O	Settlement instruction processing additional details			Shareholder registration name^d preceded by/DWAC deposit/
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format		BIC
	Depository Identifier		DTCYUS33XXX
M	Party 1 Format		Proprietary
	Party 1 Issuer		DTCY
	Party 1 Scheme	ID
	Party 1 Identifier		3122 ^a
O	Party 2 Format		Name
	Party 2 Identifier		beneficiary’s name
O	Party 2 Safekeeping account		beneficiary’s account

------------------------------------------
a. For conversions from Rule 144A into Reg S where Citibank London is acting as transfer agent, customers are requested to provide related instruction references via a free-format message to the Settlement team in charge of the U.S. market at the latest by 18:00 CET on SD-1. Customers are also requested, for conversions involving MMI issues only and where Citibank London is acting as transfer agent, to instruct via DTC counterparty 2952 as per standard book-entry instructions with counterparties in DTC.
b. The transfer agent must confirm that all the necessary paperwork has been completed before instructing the DWAC.
c. In the case of a two-sided DWAC (for example, when Reg S tranches are being exchanged for Rule 144A tranches or vice-versa), the counterparty’s name and telephone number must be entered. If Reg S tranches are being exchanged for Rule 144A tranches, customers should make DWAC withdrawal of the Reg S tranche and their counterparty should make DWAC deposit of the Rule 144A tranche. In the case of a one-sided DWAC (used, for example, in conversions), the telephone number must be entered of the transfer agent who can confirm whether all the necessary paperwork has been completed.
d. The shareholder registration name is mandatory only for shares priced at less than 1.00 USD. There is a 78 character limitation for DTC.

DRS transactions in DTC

Note: If the customer has not submitted the necessary paperwork directly to the agent, Citibank will charge a fee of USD 35 per DRS transaction in addition to the standard transaction fee for the U.S.A.

	Receive Free
M	Settlement instruction processing additional details	DRS Request, complete customer registration name, Account number at the Transfer Agent, U.S. Citizen Tax ID (if not applicable, see below^a)^b
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme		ID
	Party 1 Identifier	DTC DRS broker code (without leading zeroes)
	Deliver Free
M	Settlement instruction processing additional details	DRS Request, complete customer registration name, Account number at the Transfer Agent, U.S. Citizen Tax ID (if not applicable, see below^a)^b
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	DTCYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	DTCY
	Party 1 Scheme		ID
	Party 1 Identifier	3199
M	Party 1 Registration details	Name of the person or company to be registered/street/ town and post code/country

------------------------------------------
a. The Tax ID number is only required if the registered owner is a U.S. citizen; otherwise, “TAX ID 999999999” must be entered.
b. A comma separator (,) must be present between each item and the order of details must be followed; otherwise, the instruction may be subject to settlement delays or rejection.

Book-entry transactions, counterparties in Federal Reserve Bank Book Entry system (FBE), including instruments formerly settled in the DTC MBS division

	Receive Free
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	FRNYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	USFW
	Party 1 Identifier	counterparty’s ABA number
M	Party 1 Safekeeping account	ordering party’s mnemonic, as per wire address
O	Party 2 Format	BIC
	Party 2 Identifier	ordering party’s BIC
or	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name (if BIC does not exist)
O	Party 2 Safekeeping account	ordering party’s account
	Receive Against Payment
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	FRNYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	USFW
	Party 1 Identifier	counterparty’s ABA number
M	Party 1 Safekeeping account	ordering party’s mnemonic, as per wire address
O	Party 2 Format	BIC
	Party 2 Identifier	ordering party’s BIC
or	Party 2 Format	Name
	Party 2 Identifier	ordering party’s name (if BIC does not exist)
O	Party 2 Safekeeping account	ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	FRNYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	USFW
	Party 1 Identifier	counterparty’s ABA number
M	Party 1 Safekeeping account	beneficiary’s mnemonic, as per wire address
O	Party 2 Format	BIC
	Party 2 Identifier	beneficiary’s BIC
or	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name (if BIC does not exist)
O	Party 2 Safekeeping account	beneficiary’s account ^a
	Deliver Against Payment
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	FRNYUS33XXX
M	Party 1 Format	Proprietary
	Party 1 Issuer	USFW
	Party 1 Identifier	counterparty’s ABA number
M	Party 1 Safekeeping account	beneficiary’s mnemonic, as per wire address
O	Party 2 Format	BIC
	Party 2 Identifier	beneficiary’s BIC
or	Party 2 Format	Name
	Party 2 Identifier	beneficiary’s name (if BIC does not exist)
O	Party 2 Safekeeping account	beneficiary’s account ^a

------------------------------------------
a. Many U.S. counterparties request beneficiary account details and, to avoid settlement failure, customers are strongly urged to provide them.

Physical transactions

	Receive Free
M	Settlement instruction processing additional details		/Physical deposit/
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format		Country code
	Depository Identifier		US - UNITED STATES OF AMERICA
M	Party 1 Format		Proprietary
	Party 1 Issuer		DTCY
	Party 1 Scheme		ID
	Party 1 Identifier		Delivering party's broker code = 3109
O	Party 2 Format		Name
	Party 2 Identifier		ordering party’s name
O	Party 2 Safekeeping account		ordering party’s account
	Receive Against Payment
M	Settlement instruction processing additional details	Physical deposit/certificate numbers to receive and delivering party's Name details
M	Trade date
O	Deal price
M	Sett. transaction cond.		PHYS - Physical
	Delivering settlement parties
M	Depository Format		Country code
	Depository Identifier		US - UNITED STATES OF AMERICA
M	Party 1 Format		Name
	Party 1 Identifier		Delivering party's broker code
M	Party 1 Safekeeping account		ordering party’s mnemonic, as per wire address
O	Party 2 Format		Name
	Party 2 Identifier		ordering party’s name
O	Party 2 Safekeeping account		ordering party’s account
	Deliver Free
M	Settlement instruction processing additional details		Name of the company/contact name/telephone number/ street/town and post code/name of country ^b
M	Trade date
O	Deal price
M	Sett. transaction cond.		PHYS - Physical
	Receiving settlement parties
M	Depository Format		Country code
	Depository Identifier		US - UNITED STATES OF AMERICA
M	Party 1 Format		Name
	Party 1 Identifier		^a
C ^d	Party 1 Safekeeping account		beneficiary’s account
M	Party 1 Registration details		Name of person or company to be registered/street /town and post code/name of country ^b,c
	Deliver Against Payment
M	Settlement instruction processing additional details		Name of the company/contact name/telephone number/ street/town and post code/name of country ^b
M	Trade date
O	Deal price
M	Sett. transaction cond.		PHYS - Physical
	Receiving settlement parties
M	Depository Format		Country code
	Depository Identifier		US - UNITED STATES OF AMERICA
M	Party 1 Format		Name
	Party 1 Identifier		^a
C ^d	Party 1 Safekeeping account		beneficiary’s account
M	Party 1 Registration details		Name of person or company to be registered/street /town and post code/name of country ^b,c

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a. 3198 for physical delivery; 3199 for DTC withdrawal.
b. The slash character (/) must be present between each item; otherwise, the instruction will be rejected.
c. If the customer wants to have the physical delivery registered into Citibank’s nominee, “Citibank Nominee” must be quoted; otherwise, the name and full address of the person or company to be registered must be entered.
d. Required for deliveries to U.S. counterparties only; otherwise, optional.

Further USA MLG information

Related USA information

This page contains Governing Information.

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