Securities Processing for SWIFT 15022 (MT).

Modelling the lifecycle of Securities Processing from instruction of securities transfer, settlement and reconciliation.

Deliver Against Payment.

Out

Securities Instruction

At point of instructing an outgoing SWIFT message is sent out onto the SWIFT network to instruct to receive free of payment transfer.


MT543 - Deliver Against Payment

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Instructs a delivery of financial instruments against payment. It may also be used to request a cancellation or preadvise an instruction

TThis message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian. This message is used to:
- instruct the delivery of financial instruments against payment, physically or by book-entry, to a specified party (the function of the message is NEWM)
- request the cancellation of a deliver against payment instruction previously sent by the account owner (the function of the message is CANC)
- re-advise the account servicer of a forthcoming deliver against payment instruction (the function of the message is PREA).

The instruction may be linked to other settlement instructions, for example, for a turnaround or back-to-back, or other transactions, for example, foreign exchange deal, using the linkages sequence.

In

Acknowledgement

Almost immediately and where the message passes the SWIFT network validation rules, an inward ACK is received.


SWIFT ACK

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All outward SWIFT 15022 messages go through SWIFT network validation to ensure they adhere to messaging standards.

Where they pass validation a SWIFT ACK is returned.

In

Lifecycle Status - Not Matched (optional status)

Throughout the lifecycle a status and processing advice is received.


MT548 - Settlement Status and Processing Advice

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Advises the status of a settlement instruction or replies to a cancellation request.

This message is sent by an account servicer (account servicing Institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

In

Lifecycle Status - Matched

Throughout the lifecycle a status and processing advice is received.


MT548 - Settlement Status and Processing Advice

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Advises the status of a settlement instruction or replies to a cancellation request.

This message is sent by an account servicer (account servicing Institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.

In

Settlement

At the point of settlement and once the funds transfer has settled, a confirmation of settlement is received.


MT547 - Deliver Against Payment Confirmation

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Confirms a delivery of financial instruments against payment. It may also be used to cancel or reverse a confirmation.

In

Reconciliation

For stock reconciliation stock balances and transactions are returned in separate messages.


MT535 - Statement of Holdings

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Reports at a specified time, the quantity and identification of securities and other holdings which the account servicer holds for the account owner.

MT536 - Statement of Transactions

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The SWIFT 20022 (MX) equivalent is a camt.052

Provides details of increases and decreases of holdings which occurred during a specified period.

Other Securities Instruction Flows

As we find further scenarios we will add here...

MT540 - Receive Free of Payment

Modelling the lifecycle of Securties Processing from instruction of transfer, pre-settlement advice, settlement and reconciliation

MT541 - Receive Againstt Payment

Modelling the lifecycle of Securties Processing from instruction of transfer, pre-settlement advice, settlement and reconciliation

MT542 - Deliver Free of Payment

Modelling the lifecycle of Securties Processing from instruction of transfer, pre-settlement advice, settlement and reconciliation

MT543 - Deliver Against Payment

Modelling the lifecycle of Securties Processing from instruction of transfer, pre-settlement advice, settlement and reconciliation