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Instruction specifications - Xact Web Portal - South Africa

19.11.2018

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

Debt securities

	Receive Free
O	Settlement instruction processing additional details	Portfolio transfer ^a
M	Trade date
O	Deal price
	Delivering settlement duties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^b
	Party 1 Identifier	counterparty’s BIC ^b
or	Party 1 Format	Name ^b
	Party 1 Identifier	counterparty’s name (if BIC does not exist)^b
M	Party 2 Format	BIC ^b
	Party 2 Identifier	ordering party’s BIC ^b
M	Party 2 Safekeeping account	ordering party’s account ^c
	Receive Against Payment
M	Trade date
O	Deal price
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^b
	Party 1 Identifier	counterparty’s BIC^b
or	Party 1 Format	Name ^b
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^b
M	Party 2 Format	BIC ^b
	Party 2 Identifier	ordering party’s BIC ^b
M	Party 2 Safekeeping account	ordering party’s account ^c
	Deliver Free
O	Settlement instruction processing additional details	Portfolio transfer ^a
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^b
	Party 1 Identifier	counterparty’s BIC ^b
or	Party 1 Format	Name ^b
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^b
M	Party 2 Format	BIC ^b
	Party 2 Identifier	beneficiary’s BIC ^b
M	Party 2 Safekeeping account	beneficiary’s account ^c
	Deliver Against Payment
M	Trade date
O	Deal price
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^b
	Party 1 Identifier	counterparty’s BIC ^b
or	Party 1 Format	Name ^b
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^b
M	Party 2 Format	BIC ^b
	Party 2 Identifier	beneficiary’s BIC ^b
M	Party 2 Safekeeping account	beneficiary’s account ^c

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a. Please refer to the Specific settlement rules / settlement restrictions for portfolio transfers.
b. If no BIC exists for the Delivering/Receiving Agent or for the 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.
c. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.

Dematerialised equities

	Receive Free
O	Settlement instruction processing additional details	Portfolio transfer ^b
M	Trade date
O	Deal price
C	Beneficial ownership	unticked
C	Stamp duty tax basis	^a,c
	Delivering settlement duties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name ^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	ordering party’s BIC ^d
M	Party 2 Safekeeping account	ordering party’s account ^e
	Receive Against Payment
M	Trade date
O	Deal price
C	Beneficial ownership	unticked
C	Stamp duty tax basis	^a,c
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name ^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	ordering party’s BIC ^d
M	Party 2 Safekeeping account	ordering party’s account ^e
	Deliver Free
O	Settlement instruction processing additional details	Portfolio transfer ^b
M	Trade date
O	Deal price
C	Beneficial ownership	unticked
C	Stamp duty tax basis	^a,c
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name ^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	beneficiary’s BIC ^d
M	Party 2 Safekeeping account	beneficiary’s account ^e
	Deliver Against Payment
M	Trade date
O	Deal price
C	Beneficial ownership	unticked
C	Stamp duty tax basis	^a,c
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	STRAZAJJXXX
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name ^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	beneficiary’s BIC ^d
M	Party 2 Safekeeping account	beneficiary’s account ^e

Non-dematerialised equities
a. If the transaction entails a change in beneficial ownership, these fields must be omitted. Otherwise, "No change of beneficial ownership" must be specified and the Stamp duty tax basis field must contain “ZA Exempt”.
b. Please refer to the Specific settlement rules / settlement restrictions for portfolio transfers.
c. If STT is applicable, the STT tax status must be indicated in a specific format (see Impact of STT on instruction formats).
d. If no BIC exists for the Delivering/Receiving Agent or for the 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.
e. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.

	Receive Free
O	Settlement instruction processing additional details	Portfolio transfer ^b
M	Trade date
O	Deal price
M	Sett. transaction cond. PHYS – Physical
C	Beneficial owner	unticked
C	Stamp duty tax basis	^a,c
	Delivering settlement parties
M	Depository Format	Country Code
	Depository Identifier	ZA - South Africa Physical
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	ordering party’s BIC ^d
C	Party 2 Safekeeping account	ordering party’s account ^e
	Receive Against Payment
M	Trade date
O	Deal price
M	Sett. transaction cond. PHYS – Physical
C	Beneficial owner	unticked
C	Stamp duty tax basis	^a,c
	Delivering settlement parties
M	Depository Format	Country Code
	Depository Identifier	ZA - South Africa Physical
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	ordering party’s BIC ^d
C	Party 2 Safekeeping account	ordering party’s account ^e
	Deliver Free
O	Settlement instruction processing additional details	Portfolio transfer ^b
M	Trade date
O	Deal price
M	Sett. transaction cond. PHYS – Physical
C	Beneficial owner	unticked
C	Stamp duty tax basis	^a,c
M	Depository Format	Country Code
	Depository Identifier	ZA - South Africa Physical
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	beneficiary’s BIC ^d
C	Party 2 Safekeeping account	beneficiary’s account ^e
	Deliver Against Payment
M	Trade date
O	Deal price
M	Sett. transaction cond. PHYS – Physical
C	Beneficial owner	unticked
C	Stamp duty tax basis	^a,c
	Receiving settlement parties
M	Depository Format	Country Code
	Depository Identifier	ZA - South Africa Physical
M	Party 1 Format	BIC ^d
	Party 1 Identifier	counterparty’s BIC ^d
or	Party 1 Format	Name^d
	Party 1 Identifier	counterparty’s name (if BIC does not exist) ^d
M	Party 2 Format	BIC ^d
	Party 2 Identifier	beneficiary’s BIC ^d
C	Party 2 Safekeeping account	beneficiary’s account ^e

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a. If the transaction entails a change in beneficial ownership, these fields must be omitted. Otherwise, "No change of beneficial ownership" must be specified and the Stamp duty tax basis field must contain “ZA Exempt”.
b. Please refer to the Specific settlement rules / settlement restrictions for portfolio transfers.
c. If STT is applicable, the STT tax status must be indicated in a specific format. See Impact of STT on instruction formats.
d. If no BIC exists for the Delivering/Receiving Agent or for the 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.
e. The account number of the ordering party/beneficiary must also always be indicated, in addition to the above mandatory fields. Otherwise STP cannot be guaranteed and there is a risk of incurring eventual charges.

Further South Africa MLG information

Related South Africa information

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

This page contains Governing Information.