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Instruction specifications - Xact via SWIFT and Xact File Transfer - Switzerland

07.06.2019

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

Transactions settling in the Swiss market (SECOM)

	MT540		Receive Free	Seq
M	:98a:	:TRAD	//Trade date/time	B
M	:95P:	:PSET	//INSECHZZ[XXX]	E1
M	:95P:	:DEAG	//Counterparty’s BIC
or	:95R:	:DEAG	/SCOM/xxxxxxxx (BPID code) ^a
M	:95P:	:SELL	//Ordering party’s BIC
or	:95Q:	:SELL	//Ordering party’s name (if BIC does not exist)
O	:97A:	:SAFE	//Ordering party’s account
	MT541		Receive Against Payment	Seq
M	:98a:	:TRAD	//Trade date/time	B
M	:95P:	:PSET	//INSECHZZ[XXX]	E1
M	:95P:	:DEAG	//Counterparty’s BIC
or	:95R:	:DEAG	/SCOM/xxxxxxxx (BPID code) ^{a, b}
M	:95P:	:SELL	//Ordering party’s BIC
or	:95Q:	:SELL	//Ordering party’s name (if BIC does not exist)
O	:97A:	:SAFE	//Ordering party’s account
	MT542		Deliver Free	Seq
M	:98a:	:TRAD	//Trade date/time	B
M	:95P:	:PSET	//INSECHZZ[XXX]	E1
M	:95P:	:REAG	//Counterparty’s BIC
or	:95R:	:REAG	/SCOM/xxxxxxxx (BPID code) ^a
M	:95P:	:BUYR	//Beneficiary’s BIC
or	:95Q:	:BUYR	//Beneficiary’s name (if BIC does not exist)
O	:97A:	:SAFE	//Beneficiary’s account
	MT543		Deliver Against Payment	Seq
M	:98a:	:TRAD	//Trade date/time	B
M	:95P:	:PSET	//INSECHZZ[XXX]	E1
M	:95P:	:REAG	//Counterparty’s BIC
or	:95R:	:REAG	/SCOM/xxxxxxxx (BPID code) ^{a, b}
M	:95P:	:BUYR	//Beneficiary’s BIC
or	:95Q:	:BUYR	//Beneficiary’s name (if BIC does not exist)
O	:97A:	:SAFE	//Beneficiary’s account

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a. The format of the Business Partner Identification (BPID) code is ccxxxxxx (where cc is the ISO country code), which identifies the counterparty account at SIS.
b. EUR settlement customers are requested to use the 95P REAG/DEAG option.

T2S transactions

MT540			Receive free	Seq
O	:20C:	:COMM	//Common Reference ^a	A1
M	:98a:	:TRAD	//Trade date/time	B
O	:90a:	:DEAL	//Deal price
M	:70E:	:SPRO	//Settlement via T2S ^b
O	:22F:	:TTCQ	//CCPN or XCPN ^c
O	:22F:	:STCO	//NPAR or COEX/PARQ ^c	E
O	:22F:	:STCO	//NOMC ^c
M	:95P:	:PSET	//INSECHZZXXX ^{d e}	E1
M	:95P:	:DEAG	//Counterparty’s BIC8 and BIC11 ^d
O	:97A:	:SAFE ^a	//Counterparty's account in T2S
M	:95P:	:SELL^g	//Ordering party's BIC8 or BIC11, if different from DEAG ^d
or	:95Q:	:SELL	//Ordering party’s name, if different from DEAG
or	:95R:	:SELL^g	//Ordering party's proprietary code, if different from DEAG
O	:97A:	:SAFE	//Ordering party's account
O	:95a:	:BUYR^f	Beneficiary

MT541			Receive against payment	Seq
O	:20C:	:COMM	//Common Reference ^a	A1
M	:98a:	:TRAD	//Trade date/time	B
O	:90a:	:DEAL	//Deal price
O	:22F:	:TTCQ	//CCPN or XCPN ^c
O	:22F:	:STCO	//NPAR or COEX/PARQ ^c	E
O	:22F:	:STCO	//NOMC ^c
M	:95P:	:PSET	//INSECHZZXXX ^{d e}	E1
M	:95P:	:DEAG	//Counterparty’s BIC8 and BIC11 ^d
O	:97A:	:SAFE ^a	//Counterparty's account in T2S
M	:95P:	:SELL^g	//Ordering party's BIC8 or BIC11, if different from DEAG ^d
or	:95Q:	:SELL	//Ordering party’s name, if different from DEAG
or	:95R:	:SELL^g	//Ordering party's proprietary code, if different from DEAG
O	:97A:	:SAFE	//Ordering party's account
O	:95a:	:BUYR ^f	Beneficiary

	MT542		Deliver free	Seq
O	:20C:	:COMM	//Common Reference ^a	A1
M	:98a:	:TRAD	//Trade date/time	B
O	:90a:	:DEAL	//Deal price
M	:70E:	:SPRO	//Settlement via T2S ^b
O	:22F:	:TTCQ	//CCPN or XCPN ^c
O	:22F:	:STCO	//NPAR or COEX/PARQ ^c	E
O	:22F:	:STCO	//NOMC ^c
M	:95P:	:PSET	//INSECHZZXXX ^{d e}	E1
M	:95P:	:REAG	//Counterparty’s BIC8 and BIC11 ^d
O	:97A:	:SAFE^a	//Counterparty's account in T2S
M	:95P:	:BUYR ^g	//Beneficiary's BIC8 or BIC11, if different from DEAG ^d
or	:95Q:	:BUYR	//Beneficiary's name, if different from REAG
or	:95R:	:BUYR ^g	//Beneficiary's proprietary code, if different from REAG
O	:97A:	:SAFE	//Beneficiary's account
O	:95a:	:SELL ^f	Beneficiary

	MT543		Deliver against payment	Seq
O	:20C:	:COMM	//Common Reference ^a	A1
M	:98a:	:TRAD	//Trade date/time	B
O	:90a:	:DEAL	//Deal price
O	:22F:	:TTCQ	//CCPN or XCPN ^c
O	:22F:	:STCO	//NPAR or COEX/PARQ ^c	E
O	:22F:	:STCO	//NOMC ^c
M	:95P:	:PSET	//INSECHZZXXX ^{d e}	E1
M	:95P:	:REAG	//Counterparty’s BIC8 and BIC11 ^d
O	:97A:	:SAFE^a	//Counterparty's account in T2S
M	:95P:	:BUYR ^g	//Beneficiary's BIC8 or BIC11, if different from DEAG ^d
or	:95Q:	:BUYR	//Beneficiary's name, if different from REAG
or	:95R:	:BUYR ^g	//Beneficiary's proprietary code, if different from REAG
O	:97A:	:SAFE	//Beneficiary's account
O	:95a:	:SELL ^f	Beneficiary

a. Optional matching fields.
b. Mandatory if free of payment instruction is to settle in T2S.
c. Additional matching fields.
d. 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.
e. For cross-border transactions, the Place of Settlement must contain the BIC of the counterparty’s CSD.
f. This optional matching field will be forwarded as received. T2S will only match if provided with a BIC or proprietary code. If a customer uses a BIC8, Clearstream Banking will add the default XXX suffix to comply with T2S settlement rules.
g. The BUYR/SELL field is optional in T2S, but is a mandatory field for CBL.

Physical transactions

	MT542		Deliver Free	Seq
M	:22F:	:STCO	//PHYS	E
M	:95C:	:PSET	//CH	E1
M	:95Q:	:REAG	//Full name and address of recipient of securities
M	:95Q:	:BUYR	//Beneficiary’s name
O	:97A:	:SAFE	//Beneficiary’s account

Instruction Format for Tokyo Electric Power ISIN CH0110623722 via SWIFT

Clearstream Customers can hold Toyko Electric Power ISIN CH0110623722 in our German depository only. Customers trading against Swiss Counterparties are requested to use the following formats via SWIFT.

	MT540		Receipt Free	Seq
M	:98a:	:TRAD	//trade date and time	B
M	:94F:	:SAFE	//NCSD/DAKVDEFF[XXX]	C
M	:95P:	:PSET	//DAKVDEFF[XXX]	E1
M	:95R:	:DEAG	/DAKV/7121 (7215 possible as well)
M	:95P:	:DECU	//Counterparty's BIC
or	:95Q:	:DECU	//Counterparty's Name (If BIC does not exist)
M	:97A:	:SAFE	//xxxxxxxx (BPID Code) a
M	:95P:	:SELL	//Ordering Party's BIC
or	:95Q:	:SELL	//Ordering Party's Name (If BIC does not exist)
M	:97A:	:SAFE	//Ordering Party's account
	MT541		Receipt against Payment (EUR only) b	Seq
M	:98a:	:TRAD	//trade date and time	B
C	:22F:	:RTGS	//YRTG c
M	:94F:	:SAFE	//NCSD/DAKVDEFF[XXX]	C
M	:95P:	:PSET	//DAKVDEFF[XXX]	E1
M	:95R:	:DEAG	/DAKV/7121
M	:95P:	:DECU	//Counterparty's BIC
or	:95Q:	:DECU	//Counterparty's Name (If BIC does not exist)
M	:97A:	:SAFE	//xxxxxxxx (BPID Code) a
M	:95P:	:SELL	//Ordering Party's BIC
or	:95Q:	:SELL	//Ordering Party's Name (If BIC does not exist)
M	:97A:	:SAFE	//Ordering Party's account
	MT542		Deliver Free	Seq
M	:98a:	:TRAD	//trade date and time	B
M	:94F:	:SAFE	//NCSD/DAKVDEFF[XXX]	C
M	:95P:	:PSET	//DAKVDEFF[XXX]	E1
M	:95R:	:REAG	/DAKV/7121 (7215 possible as well)
M	:95P:	:RECU	//Counterparty's BIC
or	:95Q:	:RECU	//Counterparty's Name (If BIC does not exist)
M	:97A:	:SAFE	//xxxxxxxx (BPID Code) a
M	:95P:	:BUYR	//Beneficiary's BIC
or	:95Q:	:BUYR	//Beneficiary's Name (If BIC does not exist)
M	:97A:	:SAFE	//Beneficiary's account
	MT543		Deliver against Payment (EUR only) b	Seq
M	:98a:	:TRAD	//trade date and time	B
C	:22F:	:RTGS	//YRTG c
M	:94F:	:SAFE	//NCSD/DAKVDEFF[XXX]	C
M	:95P:	:PSET	//DAKVDEFF[XXX]	E1
M	:95R:	:REAG	/DAKV/7121
M	:95P:	:RECU	//Counterparty's BIC
or	:95Q:	:RECU	//Counterparty's Name (If BIC does not exist)
M	:97A:	:SAFE	//xxxxxxxx (BPID Code) a
M	:95P:	:BUYR	//Beneficiary's BIC
or	:95Q:	:BUYR	//Beneficiary's Name (If BIC does not exist)
M	:97A:	:SAFE	//Beneficiary's account

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a. The format of the Business Partner Identification (BPID) code is xxxxxxxx, which identifies the counterparty account at SIS.
b. Clearstream Banking customers can settle against payment instructions in EUR only.
c. Mandatory if the transaction is for settlement via real-time processing in CASCADE. The default :22F::RTGS//NRTG is optional.

Further Switzerland MLG information

Related Switzerland information

Market Profile - Switzerland
Entitlement Compensation Rules - Switzerland
Disclosure Requirements – Switzerland
BaFin Three-Point Declaration – CBL
Realignment Guide - Switzerland
Swiss registered shares
Market Taxation Guide - Switzerland

This page contains Governing Information.