SecuritiesSettlementTransactionInstructionV13 (SctiesSttlmTxInstr)

Scope

An account owner sends a SecuritiesSettlementTransactionInstruction to an account servicer to instruct the receipt or delivery of financial instruments with or without payment, physically or by book-entry. The account owner/servicer relationship may be: - a global custodian which has an account with a local custodian, or - an investment management institution which manages a fund account opened at a custodian, or - a broker which has an account with a custodian, or - a central securities depository participant which has an account with a central securities depository, or - a central securities depository which has an account with a custodian, another central securities depository or another settlement market infrastructure, or - a central counterparty or a stock exchange or a trade matching utility which need to instruct the settlement of transactions to a central securities depository or another settlement market infrastructure.

Usage

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 linkage functionality. The message may also be used to: - re-send a message previously sent, - provide a third party with a copy of a message for information, - re-send to a third party a copy of a message for information using the relevant elements in the Business Application Header.

Outline

The SecuritiesSettlementTransactionInstructionV13 MessageDefinition is composed of 19 MessageBuildingBlocks:

Transaction Identification — Unambiguous identification of the transaction as known by the instructing party.
Settlement Type And Additional Parameters — Provides settlement type and identification information.
Number Counts — Count of the number of transactions linked.
Linkages — Link to another transaction that must be processed after, before or at the same time.
Trade Details — Details of the trade.
Financial Instrument Identification — Financial instrument representing a sum of rights of the investor vis-a-vis the issuer.
Financial Instrument Attributes — Elements characterising a financial instrument.
Quantity And Account Details — Details related to the account and quantity involved in the transaction.
Settlement Parameters — Parameters which explicitly state the conditions that must be fulfilled before a particular transaction of a financial instrument can be settled. These parameters are defined by the instructing party in compliance with settlement rules in the market the transaction will settle in.
Standing Settlement Instruction Details — Specifies what settlement standing instruction database is to be used to derive the settlement parties involved in the transaction.
Delivering Settlement Parties — Identifies the chain of delivering settlement parties.
Receiving Settlement Parties — Identifies the chain of receiving settlement parties.
Cash Parties — Cash parties involved in the transaction if different from the securities settlement parties.
Settlement Amount — Total amount of money to be paid or received in exchange for the securities.
Other Amounts — Other amounts than the settlement amount.
Digital Payment Settlement — Total quantity of digital asset to be paid or received in exchange for the securities token; or the network fee.
Other Business Parties — Other business parties relevant to the transaction.
Additional Physical Or Registration Details — Information for registration or physical settlement.
Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.