Standards

Standards MT November 2012

High-Level Information

This document describes the requested changes for the next Standards MT Release. These requests must still be
validated by a maintenance working group and some may be modified or rejected. Country user groups must still
vote the approved requests and the Board must ratify those that are accepted by the country vote. This document
also includes other technical changes that are foreseen for implementation at the same time as the Standards MT
Release. The purpose of this document is to help technical implementers and operational users of the Standards MT
messages to evaluate the impact of changes on interfaces and applications.
18 J uly 2011
Standards MT November 2012



2 High-Level Information

Table of Contents
Table of Contents ........................................................................................................................ 2
Preface .......................................................................................................................................... 3
1 Introduction .......................................................................................................................... 4
2 Schedul e for SR 2012 .......................................................................................................... 5
3 Impact Levels of the Change Requests ............................................................................ 6
4 Evaluation of the Impact on Interfaces and Appli cations ............................................... 7
5 Overview of Changes per Category................................................................................... 8
5.1 Impact on Category 0 FIN System Messages ............................................................ 8
5.2 Other Technical Changes ........................................................................................... 9
5.3 Impact on Category 1 Customer Payments and Cheques ....................................... 10
5.4 Impact on Category 2 Financial Institution Transfers ............................................... 11
5.5 Impact on Category 3 Treasury Markets ................................................................... 12
5.6 Impact on Category 4 Collections and Cash Letters ................................................ 14
5.7 Impact on Category 5 Securities Markets ................................................................. 15
5.7.1 All category 5 messages modification .......................................................... 15
5.7.2 Trade Initiation and Confirmation.................................................................. 17
5.7.3 Settlement and Reconciliation ...................................................................... 18
5.7.4 Corporate action ........................................................................................... 21
5.7.5 Collateral Management ................................................................................. 29
5.7.6 Other Category 5 changes ............................................................................ 30
5.8 Impact on Category 6 Treasury Markets-Commodities and Syndications ................ 31
5.9 Impact on Category 7 Documentary Credits and Guarantees .................................. 32
5.10 Impact on Category 8 Travellers Cheques ............................................................... 33
5.11 Impact on Category 9 Cash Management and Customer Status ............................. 34
5.12 Impact on Category n Common Group Messages ................................................... 35
Legal Notices ............................................................................................................................. 36


Preface




18 Jul y 2011 3
Preface
Purpose of this document
This document gives an overview of all MT change requests received by SWIFT Standards for
the next Standards MT Release. The purpose of this document is to inform the SWIFT
community and allow them to start allocating budget and resources for the next maintenance of
the Standards MT messages. Technical implementers and operational users of the MT
messages can use this document to evaluate the impact on interfaces and applications.
This document is not intended to be final. All change requests need to be validated by a
maintenance working group (MWG) and can be subject to modification or rejection. After the
MWG decision, user group chairpersons of all countries are able to discuss the change
requests in their user group and vote on the acceptance or rejection of individual change
requests. The SWIFT Board must ratify the outcome of the country vote.

Intended audience
This document is for the following audience:
Technical implementers of the Standards MT messages
Operational users of the Standards MT messages
All other interested SWIFT users
Standards MT November 2012



4 High-Level Information
1 Introduction

Warning: This document describes changes that are still requests. These requests must be
validated by a maintenance working group and a number of them will be rejected.
Country user groups must then vote the approved requests and the Board must
ratify those that are accepted by the country vote.
The High-Level Information document is part of the normal standards development and
implementation procedures. This document describes the expected or requested changes for
Standards MT Release 2012 (SR 2012). SWIFT distributes this document 16 months before
the Standards MT Release live date.
The High-Level Information document also includes other technical changes that are foreseen
for implementation at the same time as the Standards MT Release, for example, changes to
system messages.
The sole purpose of this document is to help technical implementers and operational users of
the SWIFT messages to evaluate the impact of changes on interfaces and applications.
Consequently, implementers and users can plan resources and budget allocations for the SR
2012 implementation.
As this document describes requests that are not yet validated, a certain number of them will
not be implemented or will be implemented differently following the validation process. Readers
must therefore use this document for budget and resources planning purposes only.
The Standards MT Release Guide 2012, which SWIFT will publish in December 2011, will fully
describe the SR 2012. Approved changes will be effective as of 17 November 2012, the
release date on FIN.
Note: This publication is supplied for information purposes only, and shall not be
binding nor shall it be construed as constituting any obligation, representation or
warranty on the part of SWIFT. The information in this publication is the latest
available at the date of its production, and may change.
Schedule for SR 2012




18 Jul y 2011 5
2 Schedule for SR 2012
This timeline describes the schedule for development and implementation of SR 2012.
SR 2012 Timeline

Note: The High-Level Information document, which SWIFT publishes in J uly, will be
removed from the website once the Updated High-Level Information document is
published in November.
Note: The Updated High-Level Information document provides details of the changes
that are approved by the country voting process.

Standards MT November 2012



6 High-Level Information
3 Impact Levels of the Change Requests
All change requests contain an evaluation of their impact on interfaces and applications
expressed as a number in the range [0 - 3] with or without a +/- sign as in the following table.
Index of impact levels
Level 0 Revision of a message that does not affect the message format: the change is
not related to the format of the message. Example: definition of the message
scope. This kind of revision is mentioned in this document since it may have an
impact on some automated applications.
Level 1

Revision of a message that does not affect the message layout or the FIN
validation: the change relates to the usage of the message format. Example:
change of a definition or of a usage rule.
Level 1+ Deletion of an existing message type.
Level 2- Revision of a message that slightly affects the message layout and the FIN
validation. Example: addition or deletion of field formats, additions or deletion of
qualifiers or codes.
Level 2+ Revision of a message that seriously affects the message layout and the FIN
validation. Example: addition or deletion of fields, addition or deletion of
sequences.
Level 3- Creation of a new message type in a message user group (MUG). Change of
an existing message type from a MUG to general use.
Level 3 Creation of a new message type for general use.

Evaluation of the Impact on Interfaces and Applications




18 Jul y 2011 7
4 Evaluation of the Impact on Interfaces and
Applications
Impact on interfaces
All changes can have a direct impact on interfaces. This also applies to level 0 and level 1
changes, which may require an update to input screens or help screens or both.
Impact on Applications
Level 0 changes should have no to minimum impact on applications.
Higher level changes will normally have an impact on applications, although the impact may be
different for applications sending the message than for applications receiving the message.
Some changes apply to message types (to be) implemented in a Message User Group (MUG).
In case of non-registration to the MUG, users can not send or receive message of this type.
The impact on any application depends directly on the need or desire to support these
message types.
Standards MT November 2012



8 High-Level Information
5 Overview of Changes per Category
When a change description is not clear without further explanation, a brief business context is
sometimes provided to help the readers better understand the reasoning behind the change.
The change request numbers (CR 000nnn) are present to enable the submitters to easily track
their requests.
5.1 Impact on Category 0 FIN System Messages
The following changes are tentatively scheduled for implementation in SR 2012.
Change requests postponed from Standards MT Release 2011
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 074

CR 000147 2+ NA
To make it possible to also add continents, currency areas or
market infrastructure services.
Addition of codes to field 304 Regions.

New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 074
MT 094
CR 000278 2- NA
Remove the Standing Settlement Instructions (SSI) functionality
from the broadcast messages.
With the introduction of the new MT 670 and MT 671 for the distribution
of SSI, code /3/ will be removed from the broadcast messages.
This change will be sent to country vote for the community to decide
whether to implement in 2012 or in 2013.



Overview of Changes per Category



18 Jul y 2011 9
5.2 Other Technical Changes
There are no requests for Other Technical Changes for implementation in SR 2012.

Standards MT November 2012



10 High-Level Information
5.3 Impact on Category 1 Customer Payments and
Cheques
The following changes are tentatively scheduled for implementation in SR 2012.
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 103
REMIT
CR 000231 3- Yes
Make the message a general use message.
To allow interoperability/mapping between the new Fedwire CTP format
and the MT 103.
MT 103 CR 000253 2+ No
Increase length of field 70 Remittance Information.
To be able to include the invoice details of a large number of invoices in
one message.
MT 103

CR 000225 2+ No
Increase size of field 50a Ordering Customer option F and field 59a
Beneficiary Customer.
To accommodate AML requirements for originator information,
including long names and addresses.
MT 103
REMIT
MT 199
CR 000230 2+ Yes
Except
MT 199
Expand character set for field 77T Envelope Contents.
To include the characters $ _ \ ~^ }[ ] and | (vertical bar).
MT 199 CR 000252 2+ No
Increase length of field 79 Narrative to 10000 characters.
To cater for extended Remittance information.
MT 199 CR 000229 2+ No
Increase maximum message length to 10000 characters.
To include extended Remittance information.
MT 103 CR 000224 2+ No
Add a new field to indicate the ordering institution's reference.
To facilitate exceptions and investigations of banks that are involved
later in the payment chain want to contact the ordering institution.
MT 103 CR 000227 1 No
Add usage rules for related message references.
To improve consistent referencing in payments messages that are
related to an MT 103 sent with the cover method.



Overview of Changes per Category



18 Jul y 2011 11
5.4 Impact on Category 2 Financial Institution
Transfers
The following changes are tentatively scheduled for implementation in SR 2012.
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 299 CR 000252 2+ No
Increase length of field 79 Narrative to 10000 characters.
To cater for lengthy payment instructions.
MT 202
COV
MT 205
COV
CR 000227 1 No
Add usage rules for related message references.
To improve consistent referencing in payments messages that are
related to an MT 103 sent with the cover method.


Standards MT November 2012



12 High-Level Information
5.5 Impact on Category 3 Treasury Markets
The following changes are tentatively scheduled for implementation in SR 2012.
Change requests postponed from Standards MT Release 2011
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 300
MT 304
MT 305
MT 306
CR 000022 2+ No
Except
MT 304
Add or modify a network validated rule on currency fields to
prevent use of XAU (gold), XAG (silver), XPD (palladium) and XPT
(platinum).
To prevent the use of these category 3 messages to trade
commodities, when there are specific category 6 messages that should
be used, for example, the MT 600 Commodity Trade Confirmation.
This change is approved but will be implemented in SR 2012.

New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
New MT CR 000330 3 No
Introduce new FX Netting Position Advice message.
To support the communication of a balance as a result of the
netting of FX, NDF, options, NDO, and other trades. It will also
indicate whether this money is to be paid or received and the
settlement parties and accounts for the settlement of the
balance.
MT 300
MT 305
MT 340
MT 360
CR 000235 2+ No
Add optional field Independent Amount to increase usability and
flexibility of the MT 300, MT 305, MT 340 & MT 360 confirmation
messages.
Independent amount is becoming a common element of vanilla trade
confirmations and needs to be included in these messages.
MT 305 CR 000243 2+ No
Add field 77H Type, Date, Version of the Agreement and field 14C
Year of Definitions and delete field 77D Terms & Conditions.
The MT 305 message does not currently have the appropriate fields to
specify the exercise conditions.
MT 300 CR 000219 2+ No
Add optional party field for CCP Name/ID and a reference field for
Trade Matcher/ID to permit conformance to a clearing house
(central counter-party) approach.
To distinguish between CCP and non-CCP settled transactions.

Overview of Changes per Category



18 Jul y 2011 13
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 300 CR 000171 2- No
Modify network validation rule field 77D on presence of SETC if
VALD present - so that SETC can be present without VALD.
Change to rule in order to align MT 300 NDF usage with the MT 304
NDF usage.
To align with MT 300.
MT 300
MT 304
CR 000232 2+ Yes
Except
MT 300
Add three optional fields: [1] field (for example, 77H) for Type,
Date, Version of Agreement [2] field (for example, 14C) for Year of
Definitions [3] Fixing Date. Add usage rule or documentation to
indicate specification of Settlement Rate Source (for example,
/SRCE/ECB37/0915+0200).
Foreign Exchange NDF and NDO business using the MT 300 and MT
304.
MT 305 CR 000249 2+ No
Add mandatory field in the MT305 for Settlement Rate Source
(SRCE) including the rate source and fixing time and time zone.
To allow for Settlement Source to be documented in the MT305.
MT 304 CR 000218 1 Yes
Modify usage rules for fields 56 and 57 so that the account
specified in the field is the account owned by the party specified
in the field (rather than be an account serviced by that party).
Consideration is to be given to changing this rule in all category 3
messages to maintain consistency.
Field 56 and 57 usage rule change re account servicer versus account
owner.



Standards MT November 2012



14 High-Level Information
5.6 Impact on Category 4 Collections and Cash
Letters
There are no requested changes to category 4 Collections and Cash Letters messages for
implementation in SR 2012.

Overview of Changes per Category



18 Jul y 2011 15
5.7 Impact on Category 5 Securities Markets
The following changes are tentatively scheduled for implementation in SR 2012.
5.7.1 All category 5 messages modification
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
Cat 5 CR 000181 2+ NA
Add a new network validated rule.
To prevent the use of a field 97a Account in Other Parties sequences
when identifying a stock exchange or a trade regulator. Those parties
do not need to be identified with an account in a transaction.
Cat 5 CR 000186 2+ NA
Create new format option J 4!c//35x to be used with qualifier PLIS
Place Of Listing in field 94a Place.
Delete format option B from qualifier PLIS Place Of Listing in field
94a Place.
To simplify and harmonise the way to represent a place of listing across
the whole securities trade lifecycle.
Cat 5 CR 000182 2- NA
Delete qualifier PADI Payment Direction Indicator and PREF
Preference To Income Indicator from field 22F Indicator in
sequence Financial Instrument Attributes.
This information is no longer considered relevant to identify an
instrument.
Cat 5 CR 000185 2- NA
Delete format option A from qualifier POOL Pool Number and
LOTS Lot Number in field 13a Number Identification.
To simplify and harmonise the way to represent pool and lot identifiers
across the whole securities trade lifecycle.
Cat 5 CR 000304 2- NA
Add one optional non repetitive qualifier XXXX Yield To Maturity to
field 92a Rate (sequence to be agreed by the Maintenance Working
Group).
To identify the yield to maturity, that is, the rate of return anticipated on
a government bond if it is held until the maturity date. This is a critical
matching element for government bond transaction in India.
Cat 5 CR 000184 2- NA
Delete qualifier POST Postage Amount from field 19a Amount in
sequence Amounts.
This information is no longer considered relevant in a trade.




Standards MT November 2012



16 High-Level Information
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
Cat 5 CR 000187 1 NA
Modify the definition of qualifier VALU Value Date/Time in field 98a
Date in sequences E2 (MT 564) and D2 (MT 566) Cash Movement to
become Date/time at which cash starts to earn interests in a
credit entry or ceases to earn interests in a debit entry. To be
discussed by all Maintenance Working Groups whether such a
change should appl y to all value date fields in all cat 5 messages.
The current definition of Value Date does not help to understand the
actual meaning and usage of that field for corporate actions which often
leads to misuse.
Cat 5 CR 000183 1 NA
Modify the description of qualifier STEX Stock Exchange Tax in
field 19a Amount in sequence Amounts to become Stock
Exchange Fee.
To ensure alignment of terminology across the whole securities trade
lifecycle.


Overview of Changes per Category



18 Jul y 2011 17
5.7.2 Trade Initiation and Confirmation
MTs 502, 509, 513, 514, 515, 517, 518, 576, alignment in other messages possible)
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 502
MT 513
MT 514
MT 515
MT 518
CR 000181 2+ No
Add a new network validated rule.
To prevent the use of a field 97a Account in Other Parties sequences
when identifying a stock exchange or a trade regulator. Those parties
do not need to be identified with an account in a transaction.
MT 502
MT 513
MT 514
MT 515
MT 518
MT 576
CR 000186 2+ No
Create new format option J 4!c//35x to be used with qualifier PLIS
Place Of Listing in field 94a Place.
Delete format option B from qualifier PLIS Place Of Listing in field
94a Place.
To simplify and harmonise the way to represent a place of listing across
the whole securities trade lifecycle.
MT 502
MT 513
MT 514
MT 515
MT 518
MT 576
CR 000182 2- No
Delete qualifier PADI Payment Direction Indicator and PREF
Preference To Income Indicator from field 22F Indicator in
sequence Financial Instrument Attributes.
This information is no longer considered relevant to identify an
instrument.
MT 502
MT 513
MT 514
MT 515
MT 518
CR 000184 2- No
Delete qualifier POST Postage Amount from field 19a Amount in
sequence Amounts.
This information is no longer considered relevant in a trade.
MT 502
MT 513
MT 514
MT 515
MT 518
MT 576
CR 000185 2- No
Delete format option A from qualifier POOL Pool Number and
LOTS Lot Number in field 13a Number Identification.
To simplify and harmonise the way to represent pool and lot identifiers
across the whole securities trade lifecycle.
MT 502
MT 513
MT 514
MT 515
MT 518
CR 000183 1 No
Modify the description of qualifier STEX Stock Exchange Tax in
field 19a Amount in sequence Amounts to become Stock
Exchange Fee.
To ensure alignment of terminology across the whole securities trade
lifecycle.


Standards MT November 2012



18 High-Level Information
5.7.3 Settlement and Reconciliation
MTs 508, 524, 535-8, 540-9, 578, 586, (alignment in other messages possible)
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 508
MT 524
MT 535
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000186 2+ No
Create new format option J 4!c//35x to be used with qualifier PLIS
Place Of Listing in field 94a Place.
Delete format option B from qualifier PLIS Place Of Listing in field
94a Place.
To simplify and harmonise the way to represent a place of listing across
the whole securities trade lifecycle.

MT 524 CR 000257 2+ No
Exact nature of the change in ISO 15022 (if any) will be discussed
by the Maintenance Working Group.
In the context of the management of pools within the settlement
process, Target2 for Securities requires a pool counter to determine the
total number of instructions within a given pool.
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000181 2+ No
Add a new network validated rule.
To prevent the use of a field 97a Account in Other Parties sequences
when identifying a stock exchange or a trade regulator. Those parties
do not need to be identified with an account in a transaction.

MT 508 CR 000204 2- No
Add two optional, non repetitive qualifiers to field 36B Quantity of
Financial Instrument in sequence B Intra-Position Details.
To differentiate Securities-to-be-Received from Pledged Securities
used to monitor collateral in J apan.


Overview of Changes per Category



18 Jul y 2011 19
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 508
MT 524
MT 535
MT 538
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000185 2- No
Delete format option A from qualifier POOL Pool Number and
LOTS Lot Number in field 13a Number Identification.
To simplify and harmonise the way to represent pool and lot identifiers
across the whole securities trade lifecycle.
MT 536
MT 537
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 548
CR 000201 2- No
Add one code ETFT Exchange Traded Fund Transaction to
qualifier SETR Type of Settlement Transaction Indicator in field
22F Indicator.
The ASX Settlement Operating Rules outline the mandatory
requirement to flag all ETF trades for settlement. ETFs are open-ended
listed managed investment funds.

MT 536
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
CR 000200 2- No
Move code RPTO (Reporting) from qualifier SETR Type of
Settlement Transaction Indicator to qualifier STCO Settlement
Transaction Condition Indicator in field 22F Indicator.
To enable the clear identification of the transaction type (pair, repo, etc)
and the fact that the instruction is sent for reporting only.

MT 537
MT 548
MT 549
CR 000273 2- No
Add codes to qualifier CAND Cancelled in field 24B Reason.
The inclusion of Target2 for Securities in the chain of participants in the
market introduced a new level of actors to be communicated.
MT 537
MT 548
MT 549
CR 000271 2- No
Add codes to qualifier PEND Pending in field 24B Reason.
The inclusion of Target2 for Securities in the market introduced a new
level of actors within the chain of settlement participants. This inclusion
has introduced new flows, new functionalities and new validations and
controls in the incoming message.
Standards MT November 2012



20 High-Level Information

Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 548
MT 549
CR 000270 2- No
Add eleven codes to qualifier REJT Rejected in field 24B Reason.
To enable the reporting of new statuses linked to the implementation of
new messages flows in relation to Target2 for Securities.
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000184 2- No
Delete qualifier POST Postage Amount from field 19a Amount in
sequence Amounts.
This information is no longer considered relevant in a trade.

MT 548
MT 549
CR 000202 2- No
Add one code to qualifier NMAT Unmatched Reason in field 24B
Reason.
To indicate that Accrued Interest Amount does not match. In J apan, this
is a matching criterion.
MT 508
MT 524
MT 535
MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000182 2- No
Delete qualifier PADI Payment Direction Indicator and PREF
Preference To Income Indicator from field 22F Indicator in
sequence Financial Instrument Attributes.
This information is no longer considered relevant to identify an
instrument.

MT 540
MT 541
MT 542
MT 543
MT 544
MT 545
MT 546
MT 547
MT 578
MT 586
CR 000183 1 No
Modify the description of qualifier STEX Stock Exchange Tax in
field 19a Amount in sequence Amounts to become Stock
Exchange Fee.
To ensure alignment of terminology across the whole securities trade
lifecycle.


Overview of Changes per Category



18 Jul y 2011 21
5.7.4 Corporate action
MTs 564, 565, 566, 567, 568, alignment in other messages possible)
Change requests postponed from Standards MT Release 2011
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 565 CR 000119 2- No
Delete qualifier EXER (Exercise Price) from field 90a Price in
sequence D Corporate Action Instruction.
To simplify the standard. Redundant with PRPP (Generic Cash Price
Paid Per Product).
This change is approved but will be implemented in SR 2012.
MT 564
MT 566
CR 000078 2- No
Delete format option M from field 92a Rate in the sequences E1
(MT 564) and D1 (MT 566) Securities Movement.
The SMPG has demonstrated that quantity information that would be
contained in field 92M Rate should be provided in quantity fields such
as field 36B Quantity of Financial Instrument, using the code MILT or
MIEX.
The change is approved but will be implemented in SR 2012.

New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564 CR 000260 2+ No
Exact nature of the change in ISO 15022 (if any) will be discussed
by the Maintenance Working Group.
To indicate that one or more of the rates given for a reported cash or
securities movement has been estimated.
MT 564 CR 000206 2+ No
Add format option C to all qualifiers in field 36a Quantity of
Financial Instrument in sequences D Corporate Action Details and
E Corporate Action Options.
To enable the use of value "Unknown" or "All Securities" with any of the
quantities available.
MT 564
MT 565
MT 566
MT 568
CR 000186 2+ No
Create new format option J 4!c//35x to be used with qualifier PLIS
Place Of Listing in field 94a Place.
Delete format option B from qualifier PLIS Place Of Listing in field
94a Place.
To simplify and harmonise the way to represent a place of listing across
the whole securities trade lifecycle.

Standards MT November 2012



22 High-Level Information
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 566
CR 000263 2+ No
Add one optional field 94C Place with one qualifier Income Source
Country in sequences E1 (MT 564) and D1 (MT 566) Securities
Movement and sequences E2 (MT 564) and D2 (MT 566) Cash
Movement.
To identify the country of source of income for the distribution resulting
from the corporate event in order to define potential tax implications.
MT 564
MT 568
CR 000233 2+ No
Add optional non repetitive field 28E Page Number/Continuation
Indicator in sequence A General Information.
Add one code to qualifier LINK in field 22a Indicator in sequence
A1 Linkages of the MT 564.
To enable pagination of long notifications that cannot fit one MT 564 or
one MT 568.
To enable forward linking of a MT 564 with its attached MT 568.
MT 564 CR 000216 2- No
Add one optional, non repetitive qualifier XXXX Taxability
Indicator to field 22a Indicator in sequences E1 Securities
Movement and E2 Cash Movement.
To help characterize the taxability of events and the associated cash
and share proceeds that are being paid.
MT 564 CR 000267 2- No
Add one optional, non repetitive qualifier XXXX Suspension Period
to field 69a Period in sequence D Corporate Action Details.
Related to the suspension of settlement activity with co-depositories
during a corporate action, in order to indicate that settlement activity is
temporarily suspended for co-depositories.
MT 564 CR 000256 2- No
Add one optional, non repetitive qualifier Beneficial Owner
Processing Indicator to field 22a Indicator in sequence E
Corporate Action Options.
An optional indicator is required at the corporate action option level to
indicate that processing will be required at beneficial owner level.

MT 564 CR 000207 2- No
Add one optional, non repetitive qualifier XXXX Depot Date to field
98a Date (sequence to be agreed by the Maintenance Working
Group).
On some markets (France, Belgium, The Netherlands), there is a
deposit deadline for the instructed quantities to the centralizing agent.


Overview of Changes per Category



18 Jul y 2011 23
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564 CR 000261 2- No
Exact nature of the change in ISO 15022 (if any) will be discussed
by the Maintenance Working Group.
Having a specific indicator to further identify the occurrence of
corporate action applicable to other corporate action events in addition
to dividend or conversion related events will promote greater workflow
processing, and eliminate the use of narrative text to convey the
information.
MT 564 CR 000262 2- No
Add two optional, non repetitive qualifiers XXXX Filing Date and
YYYY Hearing Date to field 98a Date in sequence D Corporate
Action Details.
To provide additional important date information to the recipient of the
notification (the end investor or other interested party), about the details
of the class action.
MT 564 CR 000264 2- No
Add one code to qualifier OSTA Option Status in field 22F
Indicator in sequence E Corporate Action Options.
To indicate that the option is temporarily suspended.
MT 564 CR 000266 2- No
Add one optional, non repetitive qualifier XXXX Option Support to
field 22F Indicator in sequence E Corporate Action Options.
To indicate that the option is supported by the issuer, or by the sender
of the message, or both.
MT 564
MT 565
CR 000193 2- No
Add one optional, non repetitive qualifier to identify the disclosure
threshold quantity in field 36a Quantity in sequence D Corporate
Action Details in the MT 564.
Add one code to qualifier CAOP Corporate Action Option Code
Indicator in field 22F Indicator in sequence E Corporate Action
Option in the MT 564.
Add four codes to qualifier OPTF Option Feature Indicator in field
22F Indicator in sequence E Corporate Action Options in the MT
564.
Add one code to qualifier CETI Certification Type Indicator in field
22F Indicator in sequence E Corporate Action Options in the MT
564.
Add one qualifier to field 95a in sequence C Beneficial Owner
Details in the MT 565.
Add options for qualifier ALTE to field 95a in sequence C
Beneficial Owner Details in the MT 565.
Add optional qualifiers to field 70a of sequence C Beneficial
Owner Details in the MT 565.
To enable the standard use of the MT 564 and MT 565 for the
disclosure of beneficial owners cross-border process.

Standards MT November 2012



24 High-Level Information
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000210 2- No
Add one code to qualifier CAEV Corporate Action Event Indicator
in field 22F Indicator.
To identify a new partial redemption type growing in terms of frequency
of occurrence.
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000212 2- No
Add one code to qualifier CAEV Corporate Action Event Indicator
in field 22F Indicator.
To be able to distribute cash resulting from the sale of CSD non-eligible
securities in the market. This is a common practice in the US market.
MT 564
MT 566
CR 000194 2- No
Add one optional, non repetitive qualifier QUOT Quotation Setting
Date to field 98a Date in sequences E1 (MT 564) and D1 (MT 566)
Securities Movement.
This date was removed in SR 2010 but is needed in the UK for events
such as Tender and Schemes.
MT 564
MT 566
CR 000238 2- No
Add one optional, non repetitive qualifier PRPP Generic Cash
Price Paid per Product to field 90a Price in sequences E1 (MT 564)
and D1 (MT 566) Securities Movement.
Move optional, repetitive qualifier OFFR Generic Cash Price Paid
per Product in field 90a Price from sequences E (MT 564) and D
(MT 566) Corporate Action Option to sequence E1 (MT 564) and D1
(MT 566) Securities Movement.
Add three optional, non repetitive qualifier RATE Applicable Rate,
CHAR Charges/Fees, FISC Fiscal Stamp and one optional
repetitive qualifier TAXC (Tax Credit Rate) to field 92a Rate in
sequences E1 (MT 564) and D1 (MT 566) Securities Movement.
Add one optional, repetitive qualifier NETT Net Dividend Rate to
field 92a Rate in sequences E (MT 564) and D (MT 566) Corporate
Action Option.
Finalisation of the Event Interpretation Grid work by the SMPG and
corrections of some SR 2011 changes.
MT 564
MT 566
CR 000265 2- No
Add two optional, non repetitive qualifiers XXXX Shortfall of
Interest Payment and YYYY Realised Loss to field 92a Rate in
sequence D Corporate Action Details.
For mortgage-backed securities:
The interest shortfall will provide an indication of the difference between
the expected interest payments and the actual interest payments.
The realised loss will provide an indication of the difference between
the expected capital payments and the actual capital payments.


Overview of Changes per Category



18 Jul y 2011 25
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 566
CR 000248 2- No
Add code UKWN (Unknown) to qualifier PTSC Percentage Sought
in field 92K Rate.
When the Percentage Sought is not yet known at the time of the
announcements, it should be possible to inform the users that it is
unknown.
MT 564
MT 566
CR 000191 2- No
Add code MRGR (Merger) to qualifier RHDI Intermediate Securities
Distribution Type Indicator in field 22F Indicator in sequences D
(MT 564) and C (MT 566) Corporate Action Details.
To cover distribution of fractions in case of merger with intermediate
securities in Germany.
MT 564
MT 566
CR 000192 2- No
Add one optional, non repetitive qualifier WITF Withholding of
Foreign Tax to field 92a Rate in sequences E Corporate Action
Options (MT 564) and D Corporate Action Confirmation (MT 566).
According to the German Market Practise, the tax refund for non-
German investors is reported with rate qualifier WITF Withholding of
Foreign Tax - in the cash option.
MT 564
MT 566
CR 000259 2- No
Add one optional, non repetitive qualifier Fair Market Value to field
90a Price (sequence to be agreed by the Maintenance Working
Group).
To support the provision of the fair market value of shares resulting
from a corporate action.
MT 564
MT 566
CR 000208 2- No
Add format option K to qualifiers MINP Minimum Price and MAXP
Maximum Price in field 90a Price in sequences D (MT 564) and C
(MT 566) Corporate Action Details.
MT 564
MT 566
MT 567
CR 000184 2- No
Delete qualifier POST Postage Amount from field 19a Amount in
sequence Amounts.
This information is no longer considered relevant in a trade.
MT 564
MT 567
CR 000190 2- No
Add code INFO (For Information) to qualifier OSTA Option Status
in field 22F Indicator in sequence E Corporate Action Options in
MT 564.
Modify the definition of code INTV (Inactive) of qualifier REJT
Reject in field 24B Reason in sequence A2a Reason in the MT 567.
To increase the clarity of the information for tender offer/exchange
offer.


Standards MT November 2012



26 High-Level Information
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 568
CR 000196 2- No
Add code INFO (Information Event) to qualifier CAEV Corporate
Action Event Indicator in field 22F Indicator.
Add one new qualifier INFO to field 22F Indicator in sequence D
Corporate Action Details of the MT 564.
The INFO event will allow for processing of events for information that
will result in no movement of cash or securities (no benefit).
MT 565 CR 000234 2- No
Add one optional, non repetitive qualifier OPTF Option Features to
field 22F Indicator in sequence D Corporate Action Instruction.
Add one optional, non repetitive qualifier OFFO Offeror Name to
field 70E Narrative in sequence D Corporate Action Instruction.
Add eight optional qualifiers NETT Net Rate, GRSS Gross Rate,
RATE Rate, SOFE Solicitation Fee Rate, ESOF Earl y Soli citation
Fee Rage, TAXC Tax Credit Rate, TAXE Tax Related Rate, TAXR
Withholding Tax Rate to field 92a Rate in sequence D Corporate
Action Instruction.
Delete qualifier OFFR Proposed Rate from field 92a Rate in
sequence D Corporate Action Instruction.
The option details available in the Corporate Action Notification are also
needed in the Corporate Action Instruction message to allow for the
account owner to clearly communicate back to the service provider
which option they are choosing while also clarifying the intent of their
election.
MT 566 CR 000203 2- No
Add one optional, non repetitive qualifier ESOF Earl y Sol icitation
Fee Rate to field 92a Rate in the sequence D2 Cash Movement of
the MT566.
To align ESOF Early Solicitation Fee Rate presence with SOFE
Solicitation Fee Rate presence in both MT 564 and 566.
MT 564 CR 000258 1 No
Modify the definition of code CAOS (Corporate Action Option
Applicability) in qualifier OPTF Option Features Indicator in field
22a Indicator in sequence E Corporate Action Options to become
" The option applicability and/or payout are subject to terms
defined by the issuer, for example in the case of Equity Linked
Notes, Warrants, Rights, or Conversions when the payout is
unknown at the time of instruction."
In instances where the outturn of the election is not known at the time
of instruction on voluntary or choice events, code CAOS could also be
used. The current definition prevents its usage leading to the usage of
OTHR (Other) which hinders STP.


Overview of Changes per Category



18 Jul y 2011 27
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000197 1 No
Modify the definition of code CAPD (Capital Distribution) in
qualifier CAEV Corporate Action Event Indicator in field 22F
Indicator in sequence A General Information to become " The
Corporate event pays shareholders an amount in cash issued
from the Capital account. There is no reduction to the face value
of a single share. The number of circulating shares remains
unchanged."
In such an event, the current indication in the definition that "There is no
reduction to the face value of a single share is not appropriate in the
ZA market context.
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000198 1 No
Modify the definition of code DVOP (Dividend Option) in qualifier
CAEV Corporate Action Event Indicator in field 22F Indicator in
sequence A General Information to become " Distribution of a
dividend and/or interest to shareholders with a choice of benefit to
receive. Shareholders may choose to receive shares or cash. To
be distinguished from DRIP as the company creates new share
capital in exchange for the dividend rather than investing the
dividend in the market."
To be more in line with the Market Practice in ZA.
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000213 1 No
Modify the definition of code WTRC (Withholding Tax Relief
Certification) in qualifier CAEV (Corporate Action Event Indicator)
in field 22a Indicator to become Certification request process for
withholding tax reduction or exemption based on the tax status of
the holder .
To allow a wider use of this code and extend it to notifications to advise
acknowledgement or expiry of tax certificates.
MT 564
MT 565
MT 566
MT 567
MT 568
CR 000195 1 No
Modify the definition of code SHPR (Shares Premium Dividend) in
qualifier CAEV Corporate Action Event Indicator in field 22F
Indicator in sequence A General Information to become " This
corporate event pays shareholders an amount in cash issued from
the shares premium reserve. It is similar to a dividend but with
different tax implications. The shareholder may be given the
option to receive the distribution in the form of securities."
To allow flexibility to process the Shares Premium Dividend event as a
choice event in South Africa.
MT 564
MT 565
MT 566
MT 568
CR 000246 1 No
Modify the definition of MIEX Minimum Exercisable Quantity and
MAEX Maximum Exercisable Quantity qualifiers in field 36B
Quantity of Financial Instrument to replace the statement that
must be exercised by that may be exercised .
When used for elective events, the definitions of those 2 quantities
should be amended to specify that those quantities must not
necessarily be exercised but may be exercised.

Standards MT November 2012



28 High-Level Information
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 564
MT 566
CR 000189 1 No
Modify the definition of qualifier MQSO Maximum Quantity of
Securities, QTSO Minimum Quantity Sought and of code QALL (All
Securities) in field 36B Quantity in sequences D (MT 564) and C
(MT 566) Corporate Action Details.
To clarify usage and avoid misuse or misinterpretation.
MT 564
MT 566
CR 000187 1 No
Modify the definition of qualifier VALU Value Date/Time in field 98a
Date in sequences E2 (MT 564) and D2 (MT 566) Cash Movement to
become Date/time at which cash starts to earn interests in a
credit entry or ceases to earn interests in a debit entry. To be
discussed by all Maintenance Working Groups whether such a
change should appl y to all value date fields in all cat 5 messages.
The current definition of Value Date does not help to understand the
actual meaning and usage of that field for corporate actions which often
leads to misuse.
MT 564
MT 566
MT 567
CR 000183 1 No
Modify the description of qualifier STEX Stock Exchange Tax in
field 19a Amount in sequence Amounts to become Stock
Exchange Fee.
To ensure alignment of terminology across the whole securities trade
lifecycle.
MT 567 CR 000188 1 No
Modify the definition of code ADEA (Account Servicer Deadline
Missed) in qualifier CANP Cancellation Pending in field 24b
Reason in sequence A2a Reason to become " Received after the
account servicers deadline. Processed on best effort basis" .
Alignment of definitions.
MT 564 CR 000205 1 No
Add one usage rule for code CANC (Cancellation) in field 23F
Function of the Message.
To clarify the process of cancelling Preliminary Advice of Payment
message (when :22F::ADDB//CAPA in sequence D is present).



Overview of Changes per Category



18 Jul y 2011 29
5.7.5 Collateral Management
MTs 503-507, 527, 558, 569, alignment in other messages possible)
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 527
MT 558
CR 000199 2+ Yes
Add optional fields and/or modify existing fields (to be discussed
by the Maintenance Working Group).
It is a regulatory requirement by the FED to clearly mention, in a tri-
party repo trade, the collateral structure type, the minimum notice
period for a call, the trade date and settlement date of the repo deal.
MT 527
MT 558
CR 000237 2- Yes
Add two codes to qualifier CINT Collateral Instruction Type
Indicator in field 22a Indicator in sequence A General Information.
To be able to instruct the setting of a closing date or a rate change for
an exposure, in a distinct manner. Today, the same code DADJ (Data
Adjustment) is used.
MT 527
MT 558
CR 000180 1 Yes
Modify the scope of the MT 527 and 558.
To include scenarios where the 527 and 558 is sent or received by
parties other than a trading party.



Standards MT November 2012



30 High-Level Information
5.7.6 Other Category 5 changes

New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 500
MT 501
MT 519
CR 000186 2+ No
Create new format option J 4!c//35x to be used with qualifier PLIS
Place Of Listing in field 94a Place.
Delete format option B from qualifier PLIS Place Of Listing in field
94a Place.
To simplify and harmonise the way to represent a place of listing across
the whole securities trade lifecycle.
MT 500
MT 501
MT 519
CR 000185 2+ No
Delete format option A from qualifier POOL Pool Number and
LOTS Lot Number in field 13a Number Identification.
To simplify and harmonise the way to represent pool and lot
identifiers across the whole securities trade lifecycle.
MT 500
MT 501
MT 519
CR 000182 2- No
Delete qualifiers PADI Payment Direction Indicator and PREF
Preference To Income Indicator from field 22F Indicator in
sequence Financial Instrument Attributes.
This information is no longer considered relevant to identify an
instrument.


Overview of Changes per Category



18 Jul y 2011 31
5.8 Impact on Category 6 Treasury Markets-
Commodities and Syndications
The following changes are tentatively scheduled for implementation in SR 2012.
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 600
MT 601
MT 604
MT 605
MT 606
MT 607
MT 608
MT 609
MT 620
CR 000240 2+ No
Except
MT 620
Add conditional rule to ensure correct unit is used when trading
Gold.
The introduction of a conditional rule on the use of the correct unit code
is to help improve matching rates and STP and so will allow the
community to better comply with their regulatory commitments.

MT 604
MT 606
MT 607
CR 000178 2+ No
Delete optional field 56a Intermediary from the MT 604.
Add one new optional, non-repetitive field 86a Intermediary to the
MT 606 and MT 607.
Add one new optional, non-repetitive field 88a Beneficiary of the
Commodity to the MT 607.
To align the Category 6 messages in terms of party identification.

The following changes are tentatively scheduled for implementation in SR 2013.
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
New MT CR 000241 3 No
Add a new message to confirm a commodity swap transaction.
To meet market demand for commodities swaps. Implementation would
be for SR 2013.
New MT CR 000242 3 No
Add a new message to confirm a commodity swap price
reset/advice of payment.
To meet market demand for commodity swap price reset/advice of
payment. Implementation would be for SR 2013.
Standards MT November 2012



32 High-Level Information
5.9 Impact on Category 7 Documentary Credits and
Guarantees
There are no requested changes to the category 7 Documentary Credits and Guarantees
messages for implementation in SR 2012.
Overview of Changes per Category



18 Jul y 2011 33
5.10 Impact on Category 8 Travellers Cheques
There are no requested changes to the category 8 Travellers Cheques messages for
implementation in SR 2012.
Standards MT November 2012



34 High-Level Information
5.11 Impact on Category 9 Cash Management and
Customer Status
The following changes are tentatively scheduled for implementation in SR 2012.
New change requests for Standards MT Release 2012
Message
Types
(MT)
Short description of the modification
Impact
level
MUG
MT 910 CR 000251 2+ No
Add field 58a Beneficiary Institution and 59a Beneficiary
Customer.
To provide more information to the receiver for reconciliation purposes
and to minimise investigations.
MT 910 CR 000226 2+ No
Remove network validated rule for field 50a Ordering Customer
which mandates non-financial institution BICs in option A.
To enable the use of financial institution BICs in this field.
MT 940
MT 941
MT 950
CR 000222 2+ No
Increase the size of subfield Amount in all the balances fields.
To accommodate currencies where balances are typically very large,
such as COP in Colombia.
MT 941 CR 000228 2+ No
Add option M to field 62a Closing Balance (Booked Funds).
To enable the use of this message for intraday balance reports.
MT 910 CR 000227 1 No
Add usage rules for related message references.
To improve consistent referencing in payments messages that are
related to an MT 103 sent with the cover method.


Overview of Changes per Category



18 Jul y 2011 35
5.12 Impact on Category n Common Group
Messages

There are no requested changes to the category n Common Group messages for
implementation in SR 2012.
Standards MT November 2012



36 High-Level Information
Legal Notices
Copyright
SWIFT 2011. All rights reserved.
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Confidentiality
This publication contains SWIFT or third-party confidential information. Do not disclose this publication
outside your organisation without the prior written consent of SWIFT.
Disclaimer
This publication constitutes advance information only and is not to be considered the final and complete
standards documentation for the subject matter published herein. The information in this publication may
change from time to time. You must always refer to the latest available version on www.swift.com.
SWIFT Standards Intellectual Property Ri ghts (IPR) Policy - End-User License
Agreement
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End-User License Agreement, available at www.swift.com >About SWIFT >Legal >SWIFT Standards
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Translations
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