Main Menu

Instruction specifications – Xact Web Portal – Singapore

05.03.2024

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

CDP-eligible securities

	Receive Free
M	Trade date
O	Deal price
O	Securities RTGS	^a
C	Settlement instruction processing additional details	NCBO/name of final beneficiary if transaction entails no change in beneficial owner
M	Place of trade type	Code
	P. of trade identifier	EXCH – Stock exchange or OTCO – Over the counter
	P. of trade identification^b	XLON (for London Stock Exchange) or XSES (for Singapore Stock Exchange)
C	Sec.transaction type
M	Beneficial ownership	‘No change in beneficial owner’ - unticked or ‘Change in beneficial owner’- ticked, as applicable
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	CDPLSGSGXXX
M	Party 1 Format	BIC ^c
	Party 1 Identifier	Counterparty’s BIC ^c
or	Party 1 Format	Name ^c
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^c
O ^d	Party 1 Safekeeping account	Counterparty’s account with Delivering Agent
O	Party 2 Format	BIC ^c
	Party 2 Identifier	Ordering party’s BIC ^c
or	Party 2 Format	Name
	Party 2 Identifier	Ordering party’s name ^c
	Receive Against Payment
M	Trade date
O	Deal price
O	Securities RTGS	^a
M	Place of trade type	Code
	P. of trade identifier	EXCH – Stock exchange or OTCO – Over the counter
	P. of trade identification^b	XLON (for London Stock Exchange) or XSES (for Singapore Stock Exchange)
C	Sec.transaction type
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	CDPLSGSGXXX
M	Party 1 Format	BIC ^c
	Party 1 Identifier	Counterparty’s BIC ^c
or	Party 1 Format	Name ^c
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^c
O ^d	Party 1 Safekeeping account	Counterparty’s account with Delivering Agent
O	Party 2 Format	BIC ^c
	Party 2 Identifier	Ordering party’s BIC ^c
or	Party 2 Format	Name
	Party 2 Identifier	Ordering party’s name ^c
	Deliver Free
M	Trade date
O	Deal price
O	Securities RTGS	^a
C	Settlement instruction processing additional details	NCBO/name of final beneficiary if transaction entails no change in beneficial owner
M	Place of trade type	Code
	P. of trade identifier	EXCH – Stock exchange or OTCO – Over the counter
	P. of trade identification^b	XLON (for London Stock Exchange) or XSES (for Singapore Stock Exchange)
C	Sec.transaction type
M	Beneficial ownership	‘No change in beneficial owner’ – unticked or ‘Change in beneficial owner’ – ticked, as applicable
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	CDPLSGSGXXX
M	Party 1 Format	BIC ^c
	Party 1 Identifier	Counterparty’s BIC ^c
or	Party 1 Format	Name ^c
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^c
O ^d	Party 1 Safekeeping account	Counterparty’s account with Receiving Agent
O	Party 2 Format	BIC ^c
	Party 2 Identifier	Beneficiary’s BIC ^c
or	Party 2 Format	Name
	Party 2 Identifier	Beneficiary’s name ^c
	Deliver Against Payment
M	Trade date
O	Deal price
O	Securities RTGS	^a
M	Place of trade type	Code
	P. of trade identifier	EXCH – Stock exchange or OTCO – Over the counter
	P. of trade identification^b	XLON (for London Stock Exchange) or XSES (for Singapore Stock Exchange)
C	Sec.transaction type
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	CDPLSGSGXXX
M	Party 1 Format	BIC ^c
	Party 1 Identifier	Counterparty’s BIC ^c
or	Party 1 Format	Name ^c
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^c
O ^d	Party 1 Safekeeping account	Counterparty’s account with Receiving Agent
O	Party 2 Format	BIC ^c
	Party 2 Identifier	Beneficiary’s BIC ^c
or	Party 2 Format	Name
	Party 2 Identifier	Beneficiary’s name ^c

------------------------------------------

a. For Real-Time Gross Settlement (RTGS) instructions for CDP-eligible instruments only, to indicate that the instruction is to be processed in the mandatory and/or optional settlement processing (see “RTGS” under Settlement services). Clients need to communicate to their counterparties if RTGS is required as it is a matching criteria.

b. If the place of trade is Singapore Exchange, please use Singapore Stock Exchange.

c. If no BIC exists for the Delivering/Receiving Agent, the DA code should be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

d. To enable a smooth settlement process, clients are recommended to provide the account number of the counterparty with the Delivering/Receiving Agent.

Non-CDP-eligible securities (except government securities)

	Receive Free
M	Trade date
O	Deal price
M	Settlement instruction processing additional details	Please repair field STCO/PHYS
	Delivering settlement parties
M	Depository Format	Country Code
	Depository Identifier	SG – Singapore Physical
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^a
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Ordering party’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Ordering party’s name ^a
O	Party 2 Safekeeping account	Ordering party’s account
	Deliver Free
M	Trade date
O	Deal price
M	Settlement instruction processing additional details	Please repair field STCO/PHYS
	Receiving settlement parties
M	Depository Format	Country Code
	Depository Identifier	SG – Singapore Physical
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s DA code formatted as “DA xxx” ^a
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Beneficiary’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Beneficiary’s name ^a
O	Party 2 Safekeeping account	Beneficiary’s account

------------------------------------------
a. If no BIC exists for the Delivering/Receiving Agent, the DA code should be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

Government securities

	Receive Free
M	Trade date
O	Deal price
C	Settlement instruction processing additional details	NCBO/name of final beneficiary if transaction entails no change in beneficial owner
M	Beneficial ownership	‘No change in beneficial owner’ – unticked or ‘Change in beneficial owner’ – ticked, as applicable
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	MASGSGSM
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s name ^a
O^b	Party 1 Safekeeping account	Counterparty’s account with Delivering Agent
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Ordering party’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Ordering party’s name ^a
	Receive Against Payment
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	MASGSGSM
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s name ^a
O^b	Party 1 Safekeeping account	Counterparty’s account with Delivering Agent
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Ordering party’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Ordering party’s name ^a
	Deliver Free
M	Trade date
O	Deal price
C	Settlement instruction processing additional details	NCBO/name of final beneficiary if transaction entails no change in beneficial owner
M	Beneficial ownership	‘No change in beneficial owner’ – unticked or ‘Change in beneficial owner’ – ticked, as applicable
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	MASGSGSM
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s name ^a
O^b	Party 1 Safekeeping account	Counterparty’s account with Receiving Agent
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Beneficiary’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Beneficiary’s name ^a
	Deliver Against Payment
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository format	BIC
	Depository Identifier	MASGSGSM
M	Party 1 Format	BIC ^a
	Party 1 Identifier	Counterparty’s BIC ^a
or	Party 1 Format	Name ^a
	Party 1 Identifier	Counterparty’s name ^a
O^b	Party 1 Safekeeping account	Counterparty’s account with Receiving Agent
O	Party 2 Format	BIC ^a
	Party 2 Identifier	Beneficiary’s BIC ^a
or	Party 2 Format	Name
	Party 2 Identifier	Beneficiary’s name ^a

------------------------------------------
a. If no BIC exists for the Delivering/Receiving Agent or Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.
b. To enable a smooth settlement process, clients are recommended to provide the account number of the counterparty with the Delivering/Receiving Agent.

Further Singapore MLG information

Related Singapore information

Market Profile - Singapore
Market Taxation Guide - Singapore
Entitlement Compensation Rules - Singapore
Disclosure Requirements - Singapore
BaFin Three-Point Declaration – CBL

This page contains Governing Information.