Instruction specifications - Xact via SWIFT and Xact File Transfer - CBL, CBF OneClearstream - Italy

23.03.2018

In the following tables, M=Mandatory; O=Optional; C=Conditional;
Seq=SWIFT Message (sub)sequence.

MT540 Receive Free

Seq

O

:20C:

:COMM

//Common Reference a

A1

M

:98a:

:TRAD

//Trade Date/time

B

Cb

:90a:

:DEAL

//Deal price

 

O

:22F:

:TTCO

//CCPN or XCPNc

 

C

:70E:

:SPRO

///TAX/Tax Identification Number d

 

O

:22F:

:STCO

//NPAR or COEX/PARQe

E

O

:22F:

:STCO

//NOMCc

 

M

:95P:

:PSET

//MOTIITMM(XXX)f g

E1

M

:95P:

:DEAG

//Counterparty’s BIC or BIC11g

 

O

:97A:

:SAFEa

//Counterparty’s account in T2S

 

O

:95P:

:SELLa

//Ordering party’s name, if different from DEAGg

 

or

:95Q:

:SELL

//Ordering party’s name, if different from DEAG

 

or

:95R:

:SELLa

//Ordering party’s proprietary code, if different from DEAG

 

O

:95A:

:SAFE

//Ordering party’s account

 

C

:95a:

:BUYRh

//Beneficiary

 

MT541 Receive Against Payment

Seq

O

:20C:

:COMM

//Common Referencea

 

M

:98a:

:TRAD

//Trade date/time

 

Cb

:90a:

:DEAL

//Deal price

 

O

:22F:

:TTCO

//CCPN or XCPNc

 

C

:70E:

:SPRO

///TAX/Tax Identification Numberd

 

O

:22F:

:STCO

//NPAR, COEX/PARC or COEX/PARQ e

E

O

:22F:

:STCO

//NOMCc

 

M

:95P:

:PSET

//MOTIITMMXXX f g

E1

M

:95P:

:DEAG

//Counterparty’s BIC8 or BIC11 g

 

O

:95A:

:SAFEa

//Counterparty's account in T2S

 

O

:95P:

:SELLa

//Ordering party’s BIC8 or BIC11, if different from
DEAG g

 

or

:95Q:

:SELL

//Ordering party’s name, if different from DEAG

 
 

:95R:

:SELLa

//Ordering party’s proprietary code, if different from DEAG

 

O

:95A:

:SAFE

//Ordering party's account

 

O

:95a:

:BUYRh

//Beneficiary

 

MT542 Deliver Free

Seq

O

:20C:

:COMM

//Common Reference a

A1

M

:98a:

:TRAD

//Trade Date/time

B

C b

:90a:

:DEAL

//Deal price

 

O

:22F:

:TTCO

//CCPN or XCPN c

 

C

:70E:

:SPRO

///TAX/Tax Identification Number d

 

O

:22F:

:STCO

//NPAR or COEX/PARQ e

E

O

:22F:

:STCO

//NOMC c

 

M

:95P:

:PSET

//MOTIITMM(XXX) fg

E1

M

:95P:

:REAG

//Counterparty’s BIC8 or BIC11 g

 

O

:95A:

:SAFEa

//Counterparty's account in T2S

 

O

:95P:

:BUYRa

//Counterparty’s BIC8 or BIC11 if different from REAG g

 

or

:95Q:

:BUYR

//Beneficiary’s name, if different from REAG

 

or

:95R:

:BUYRa

//Beneficiary’s proprietary code, if different from
REAG

 

O

:97A:

:SAFE

//Beneficiary’s account

 

O

:95a:

:SELLh

//Ordering party

 

C

:95P:

:SELL

//Ordering party’s BIC

 

MT543 Deliver Against Payment

Seq

O

:20C:

:COMM

//Common Referencea

 

M

:98a:

:TRAD

//Trade Date/time

 

C b

:90a:

:DEAL

//Deal price

 

O

:22F:

:TTCO

//CCPN or  XCPN c

 

C

:70E:

:SPRO

///TAX/Tax Identification Number d

 

O

:22F:

:STCO

//NPAR, COEX/PARC or COEX/PARQ e

 

O

:22F:

:STCO

//NOMC c

 

M

:95P:

:PSET

//MOTIITMM(XXX)fg

 

M

:95P:

:REAG

//Counterparty’s BIC8 or BIC11g

 

O

:97A:

:SAFEa

//Counterparty's account in T2S

 

O

:95P:

:BUYRa

//Beneficiary’s BIC8 or BIC11, if different from REAG g

 

or

:95Q:

:BUYR

//Beneficiary’s name, if different from REAG

 
 

:95R:

:BUYRa

//Beneficiary’s proprietary code, if different from REAG

 

O

:97A:

:SAFE

//Beneficiary's account

 

O

:95a:

:SELLh

//Ordering party

 

a. Optional matching fields.
b. Mandatory on instructions related to “strip” bonds to enable Clearstream Banking to calculate the substitutive tax.
c. Additional matching fields.
d. The Tax Identification Number (TIN) is mandatory in instructions related to exempt omnibus beneficial owner accounts and to securities subject to the withholding tax system applicable as of 1 January 1997. It must be one of the TINs specified in the documentation received from the customer concerned - the self certification or other valid documentation required concerning an Italian company or partnership - and the exact format must be input.
e. Only provide in order to prevent partial settlement or to allow partial settlement from a predefined cash or quantity threshold.
f. For cross-border transactions, the Place of Settlement must contain the BIC of the counterparty’s CSD.
g. If a customer uses a BIC8, Clearstream Banking shall be entitled to modify the BIC8 by adding the default XXX suffix to comply with T2S settlement rules. Accordingly, such customers remain liable for any settlement fails that the use of the BIC8 may cause.
h. This optional matching field will be forwarded as received. CBL recommends the usage of BIC11 as this will be the market practice in Italy.

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