Market specific requirements for Instructions - Updated - 2014
Participant locations
Location
Market specific requirements for instructions
BP2S Athens
Budapest
Frankfurt
HK
Milan
Warsaw
Chennai
Madrid
UK
Singapore
Brussels
Zurich
France
Brazil
Luxembourg
Lisbon
No Changes
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
Changes
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
No changes or not relevant
Update – October 30 2014
1 / 17
Market specific requirements for Instructions - Updated - 2014
BRANCH
TRANSACTION DESCRIPTION PROPOSED TREATMENT
Frankfurt
Stock Exchange transactions made
via Xetra for which the clients
require the matching functionality.
Xetra reference number is provided.
Sequence F
:95P::MERE//PARBDEFF
:70C::PACO//MATCHXET
:20C::PROC//13!n (XETRA order number) OR
:20C::PROC//7!n (XETRA deal number)
Frankfurt
Stock Exchange transactions made
via Floor brokers for which the
clients require the matching
functionality.
Broker reference number is provided
Stock Exchange net transactions for
which the clients require the
matching functionality
Sequence F
:95P::MERE//PARBDEFF
:70C::PACO//MATCHBKR
:20C::PROC//4X (Broker reference)
BP2S FRANKFURT
Frankfurt
Frankfurt
Frankfurt
Frankfurt
Update – October 30 2014
Sequence F
:95P::MERE//PARBDEFF
:70C::PACO//MATCHBEN
:20C::PROC//nX (any account)
Sub-account information when a
Sequence E1
trade is settled, via a Clearstream
:16R :SETPRTY
bridge account
:95P::SELL//BIC of counterparty at sub-depository
:97A : :SAFE//35x (account number)
:16S :SETPRTY
Account number of final
Sequence E1
beneficiary/sender for internal trades :16R :SETPRTY
:95P::SELL//BIC of counterparty at sub-depository
:97A : :SAFE//35x (account number)
:16S :SETPRTY
Automatic creation of counterparty
Sequence F
trade
:95P::MERE//PARBDEFF
:70C::PACO//TRANSFER
:20C::PROC//<cpty account number>
2 / 17
Market specific requirements for Instructions - Updated - 2014
BP2S MILAN
Client Specific.
It provides instructions for MTS
and MTA deal, not requiring
matching and settlement.
It is for position adjustment only ;
instructions is set at L5 directly.
Sequence B
:94B::TRAD//EXCH/MTS or MTA
Milan
Client Specific.
Auction trades
It is for position adjustment only ;
instructions is set at L5 directly.
Milan
Regulatory reporting
Information regarding the trading
counterpart of the original
transaction
Milan
Beneficiary reference code
required for tax purposes when all
beneficiaries are consolidated in
one account regardless of the tax
status of each individual
counterparty
Sequence B
:94B::TRAD//EXCH/AUCTION
Sequence F
:95P::MERE//PARBITMM
:70C::PACO//PADO
Sequence F
: :16R:OTHRPRTY
:95P::MERE//PARBITMM
:70E::DECL//STIS TAX
FAMT/(amount)/PROC/16X (beneficiary reference code)
:16S:OTHRPRTY
the tag 70 can be repeated (up to 9 times) to report more than one
breakdown
Sequence F
:95P::MERE//PARBITMM
:70C::PACO//STIS
:70C :FAMT/(amount)
:20C::PROC//16X (beneficiary reference code)
or adding in the Settlement Parties Block
95Q: BUYR/SELL : name of the final beneficiary
95S: ALTE//TXID/IT/1994 45 00408  tax id information
Milan
Update – October 30 2014
Sequence F
:95P::MERE//PARBITMM
:70C::PACO//PADO
3 / 17
Market specific requirements for Instructions - Updated - 2014
BP2S BRUSSELS
Brussels
Business Operation Code (BOC)
Determine the type of transaction
as traded by the client
Fixed Income EMTS transactions
Brussels
Fixed Income EMTS transactions
Brussels
Sequence E
:22F : : SETR/PARB/xxxx
“xxxx” being the transaction type (e.g. REPO)
Sequence B :
:70 E::SPRO//SEQN/NNNNNN (NNNNNN notification number)
Sequence C :
:97A: :SAFE//YYYYYYYYYYYY (= full sub-account number & YYYY
participant number)
Sequence E :
:22F::SETR/NBBE/XX (XX instruction type)
Sequence B
:94B::TRAD//EXCH/EMTS or MTS
Sequence F
:95P::MERE//PARBBEBZ
BP2S PARIS and BRUSSELS
EMTS trades when clients instruct
Paris
to the custodian.
Paris and
Brussels
Update – October 30 2014
Sequence B
:94B::TRAD//EXCH/EMTS
Additional information for Buy
Sell Back (BSBK) and Sell Buy
Back (SBBK)
4 / 17
Market specific requirements for Instructions - Updated - 2014
Paris and
Brussels
Additional information for
Standard Repo trade
We offer 2 options to process
REPOs :
- Option 1 : Receive one leg with
all details in block D from which
we create automatically the second
one
- Option 2 : Receive both legs
(open and close)
Paris
Additional information for a Call
date of a Repo
Sequence D
:16R:REPO
:98A::TERM//YYYYMMDD
:22F::REPT//CALL
:22F::REPT//FIXE ( or VARI )
:92A::REPO//rate
:92C::VASU//Name of the rate if variable
:99B::CADE//999
:16S:REPO
Sequence E
:22F::SETR//REPU
Paris
Additional information for
Securities Lending
Sequence D
:16R:REPO
:98A::TERM//YYYYMMDD
:20C::SECO//reference of the first leg
:16S:REPO
Sequence E
:22F::SETR//SECL
Update – October 30 2014
5 / 17
Market specific requirements for Instructions - Updated - 2014
Update – October 30 2014
Paris
SBI Trade
Paris
EoC Trade
Lisbon
Remote Market Portugal :
Depositary tax for OTC trade
Paris
NETTING instruction
Sequence B
:94B::TRAD//EXCH/SBI
Sequence E
:16R:SETPRTY
:95P::REAG//MGTCBEBE
or
:95P::DEAG//MGTCBEBE
:16S:SETPRTY
:16R:SETPRTY
:95Q::BUYR//Couterparty BIC code
or
:95Q::SELL//Counterparty BIC code
:97A::SAFE//Counterparty account # at EOC Bank
:16S:SETPRTY
Sequence E :
:22F : : BENE//NBEN
or
:22 : :F : :BENE//YBEN
Sequence F :
:70a::PACO//CLNET
6 / 17
Market specific requirements for Instructions - Updated - 2014
Paris
LINKED instructions
:16R:GENL
:20C::SEME//Reference02
:23G:NEWM
:99B::SETT//002
:99B::TOSE//002
:16R:LINK
:22F::LINK//AFTE
( non mandatory )
:13A:LINK//541
( non mandatory )
:20C::PREV//Reference01
:16S:LINK
format indicated above for the delivery
if the clients are to indicate any link information on the receipt sent previously
to the delivery (which is non mandatory), they could use the following format :
:16R:GENL
:20C::SEME//Reference01
:23G:NEWM
:99B::SETT//001
:99B::TOSE//002
:16R:LINK
:20C::POOL//Reference00
:16S:LINK
Update – October 30 2014
Amsterda
m
Remote Market Netherlands :
Optional indicator for priority or
time processing
Sequence F :
:70a::PACO//HOLD
:70a::PACO//PRIORREQ
:70a::PACO//HOLD/PRIORREQ
Paris
Paris
Indicator to settle instruction in a
RTGS or non-RTGS system
Suite de marché
Paris
ADR Information
:22F::RTGS//YRTG (for the French RTGS system)
:22F::RTGS//NRTG (for the French non-RTGS system)
Sequence F :
:70a::PACO//MKTFLW
Sequence B
:94B::TRAD//OTCO/ADR
7 / 17
Market specific requirements for Instructions - Updated - 2014
Update – October 30 2014
Paris
Indicator of Collateral
Paris
Indicator of Collateral for Pouvoir
d’achat
Paris
To instruct nominee
Sequence F :
:70a::PACO//YCOL
:70a::PACO//NCOL
Sequence F :
:70a::PACO//SCOL
:70a::PACO//DCOL
:22F::REGT/YREG
:22F::REGT/NREG
As this is link to the security :
==> If it is not a nominee one but requested using YREG we will need the
beneficiary information in the settlement chain.
==> If it is a nominee one, the YREG info is not necessary but beneficiary is
requested as well in the settlement chain.
8 / 17
Market specific requirements for Instructions - Updated - 2014
BP2S MADRID
Madrid
Fixed Income Remote Access
Infomedas deal (alias blind
market)
No settlement required.
Transactions already matched.
TAC number required to match
BOS confirmation.
Sequence B
:94B::TRAD//EXCH/INFOMEDA####
Where the string "INFOMEDA" is fixed and #### is the transaction reference
number
In case of repo, the sequence would be:
Sequence D
:16R:REPO
:98A::TERM//YYYYMMDD
:22F::RERT//FIXE
:20C::SECO//16X (other leg reference)
:92A::REPO//+-nn,nnnnn
:99B::CADE//999
:16S:REPO
Sequence F
:95P::MERE//PARBESMM
Update – October 30 2014
9 / 17
Market specific requirements for Instructions - Updated - 2014
Madrid
Fixed Income Remote Access
Interbank Market, entities having
accounts at BOS.
Phone prematching required.
Instructions communicated to BOS
by Paribas on behalf of the client.
BOS matched confirmation
Additional information requested
for Repo txs executed on the
interbank market.
Sequence B
:94B::TRAD//EXCH/INTERBANK####
Where #### is optional (transaction reference number)
In case of repo, the sequence would be:
Sequence D
:16R:REPO
:98A::TERM//YYYYMMDD
:22F::RERT//FIXE
:20C::SECO//16X (other leg reference)
:92A::REPO//+-nn,nnnnn
:99B::CADE//999
:16S:REPO
Sequence F
:95P::MERE//PARBESMM
Madrid
Fixed Income Remote Access
Third party market, entities not
having account at BOS. Nothing
changed compared to actual
process, only indication for repos
and FWD is required.
Sequence B
:94B::TRAD//EXCH/THIRD
In case of repo, the sequence would be:
Sequence D
:16R:REPO
:98A:: TERM//YYYYMMDD
:22F::RERT//FIXE
:20C::SECO//16X (other leg reference)
:92A::REPO//+-nn,nnnnn
:99B::CADE//999
:16S:REPO
Sequence F
:95P::MERE//PARBESMM
Update – October 30 2014
10 / 17
Market specific requirements for Instructions - Updated - 2014
Madrid
Madrid
Madrid
Madrid
Fixed Income remote Access
Auction trades done with BOS
Sequence B
:94B::TRAD//EXCH/PRIM
Fixed Income Remote Access
Strip trades done with BOS
Sequence F
:95P::MERE//PARBESMM
Sequence B
:94B::TRAD//EXCH/STRIP
Sequence F
:95P::MERE//PARBESMM
Sequence B
:94B::TRAD//OTCO/MTS
Fixed Income
EMTS trades. Normally instructed
directly by EMTS but some clients
still instruct to the custodian.
Sequence F
:95P::MERE//PARBESMM
Securities Lending Transactions
Sequence A
New Loan
:23G::NEWM
Sequence B
:70E::SPRO//SCLI
OR
MT 542 Lending initiation
Sequence E :22F::SETR//SECL
MT 540 Borrowing initiation
Sequence E
:22F::SETR//SECB
Update – October 30 2014
11 / 17
Market specific requirements for Instructions - Updated - 2014
Madrid
Securities Lending Transactions
Cancel Loan
Sequence A
:23G::NEWM
Sequence B
:70E::SPRO//SCLC
OR
- MT 540 Lending return
Sequence E
:22F::SETR//SECL
MT 542 Borrowing return
Sequence E:22F::SETR//SECB
Madrid
Securities Lending Transactions
Deal reference (Iberclear request –
loan cancel matching)
Madrid
Registration details in case the
client is not able to include subaccount in sequence C field 97A.
Madrid
Update – October 30 2014
Sequence A1
16R :LINK
20C : :TRRF//XXXXXXXXX
16S :LINK
Sequence B
70E : :SPRO/REG/XXXXX
Or
70D::REGI//XXXXX
“Wash” account (ABS subaccount)
Automatic Clearing Matching by
Sequence A1
Reference
16R :LINK
22F : :LINK//WITH
20C : :RELA//XXXXXXX
16S :LINK
12 / 17
Market specific requirements for Instructions - Updated - 2014
Madrid
Securities Transactions
Beneficiary
Sequence E1 (always)
:95P : : SELL//
:95P : : BUYR//
Or
Sequence E1
Sequence E1
:95P : : DECU//
SELL//
:95P : : RECU// + BUYR//
Madrid
Madrid
Madrid
Madrid
Update – October 30 2014
Securities transfer instructionsMT 540
When received securities result
from a transfer, price, currency and
the purchase date should be
mentionned
Securities Instructions
Clients using “Dummy account”
structure within the ISO7775
messages. Option 1.
Sequence B
:98A::TRAD//YYYYMMDD
:90B::DEAL//ACTU/CCY999,9
Receipts:
Sequence E1
95P::REAG//PARBESMX
97A::SAFE//XXXXX
Deliveries:
Sequence E1
95P::DEAG//PARBESMX
97A::SAFE//XXXXX
ADR Information : when doing
Sequence B
ADR’s conversions, client needs to :94B::TRAD//OTCO/ADR
specify it, as the transmission to
the clearing house is different from
all other OTC trades.
Authorisation for put-through (or
16R:SETDET
re-registrations). If you include
22F::SETR//XXXX
this you give authorisation to your 22F::BENE//YBEN
acc.officer to do a re-registration
16R:SETPRTY
of the shares in case of discrepancy The new name at which the shares will be registered will be the one indicated
in registration details. Charges of
in 95a::BUYR/SELL
the put-through will be passed on
to you. Treated manually by BPSS.
13 / 17
Market specific requirements for Instructions - Updated - 2014
BP2S ATHENS
Update – October 30 2014
Athens
HDAT Instructions from clients
Athens
EMTS Instructions from clients
Ahens
BTEC Insrructions from clients
Athens
CCBM Instructions from client
Sequence B :
:70 E::SPRO//SEQN/NNNNNNNNNNNNNNNN ( Contract number 16 digits)
Sequence E :
:22F::SETR/PARB/HDAT
Sequence B :
70E :SPRO//SEQN/000XXX
6 FIRST DIGITS FROM EUROMTS
REFERENCE
Sequence E :
:22F::SETR/PARB/EMTS
Sequence B:
70E :SPRO//SEQN/XXXXXXXXXXXXXX 14 FIRST DIGITS FROM
BTEC REFERENCE
Sequence E :
22F :SETR/PARB/BTEC
Subsequence E1 ;
95P :DEAG//BNGRGRAACCB
or
95P: REAG//BNGRGRAACCB
or
95P::DEAG//BNGRGRAA and
97A :SAFE//9103
or
95P::REAG //BNGRGRAA and
97A :SAFE//9103
14 / 17
Market specific requirements for Instructions - Updated - 2014
Update – October 30 2014
Athens
EFSF notes to CEDELULL
Athens
EFSF notes to EUROCLEAR
MT 542 or MT540
Subsequence E1 ;
95P :REAG// BNGRGRAASSS
97A :SAFE//9304
or
95P : DEAG // BNGRGRAASSS
97A :SAFE//9304
and
95P :PSET//DAKVDEFF
95P :BUYR// CEDELULL
97A :SAFE//account number at CEDEL
or
95P :PSET//DAKVDEFF
95P :SELL /CEDELULL
97A :SAFE//account number at CEDEL
MT 542 or MT540
Subsequence E1 ;
95P :REAG// BNGRGRAASSS
97A :SAFE//9304
or
95P : DEAG // BNGRGRAASSS
97A :SAFE//9304
and
95P :PSET//DAKVDEFF
95P :BUYR//MGTCBEBEECL
97A :SAFE//account number at EUROCLEAR
or
95P :PSET//DAKVDEFF
95P :SELL //MGTCBEBEECL
97A :SAFE//account number at EUROCLEAR
15 / 17
Market specific requirements for Instructions - Updated - 2014
Update – October 30 2014
Athens
EFSF notes to DAKVDEFF
MT542 or MT540
Subsequence E1 ;
95P :REAG// BNGRGRAASSS
97A :SAFE//9304
or
95P : DEAG // BNGRGRAASSS
97A :SAFE//9304
and
95P :PSET//DAKVDEFF
95P :BUYR// DAKVDEFF
97A :SAFE//account number at CBL
or
95P :PSET//DAKVDEFF
95P :SELL // DAKVDEFF
97A :SAFE//account number at CBL
Athens
Back to Back
Athens
Normal OTC
Athens
Lending/ Borrowing
Athens
Collateral/ Return Collateral
Athens
Re-registration
Athens
Fail Rectification
Athens
ADR issuance
Athens
ADR redemption
Sequence A1
:16R :LINK
:20C : :RELA//XXXXXXXXX
:16S :LINK
94B :TRAD//OTCO/HELEX
22F : SETR//TRAD
94B :TRAD//OTCO/HELEX
22F : SETR//SECB or SECL
94B :TRAD//OTCO/HELEX
22F : SETR//COLI or COLO
94B :TRAD//OTCO/HELEX
22F : SETR//TRAD
REGT//YREG
or
SETR// OWNE
REGT// YREG
94B :TRAD//OTCO/HELEX
22F::STCO/HCSD/RCTF
94B :TRAD//OTCO/HELEX
22F:: SETR//ISSU
94B :TRAD//OTCO/HELEX
22F:: SETR//RELE
16 / 17
Market specific requirements for Instructions - Updated - 2014
BP2S LONDON
London
London
BP2S HONG KONG
HK
Nationality declaration
Sequence F
This field will be used to carry out :95C::INVE//FR
to CREST the nationality of the
final client. This declaration is
compulsory for a few UK stocks
(Bristish Airways, Rolls Royce
etc.).
Security Lending Transaction
To indicate DTDC Conversion
(MT540/542)
New Market Practice in HK
Sequence E
:22F::SETR/CCAS/DCTF
DTDC Security
Transfer
BP2S WARSAW
Warsaw
Client Specific.
It provides instructions for MTS
(Bond Spot market)
Sequence B
:94B::TRAD//EXCH/TBSP
Warsaw
Linked Instructions
:99B::TOSE//00X
:99B::SETT//00Y
:16R:LINK
:22F::LINK//WITH
:20C::PREV//Ref001
:16S:LINK
22F : SETR//SECB or SECL
:22F::SETR//OWNE
:22F::BENE//NBEN
Warsaw
Warsaw
Update – October 30 2014
Lending/ Borrowing
Portfolio transfer without change
of beneficial owner
linkage type (WITH, BEFO, AFTE)
17 / 17