Standards
Category 5 - Securities Markets
For Standards MT November 2020
Message Reference Guide: Volume 3
(MT 544 - MT 567)
Standards Release Guide
This reference guide contains the category 5 message text standards, including a detailed description of the scope, the
format specifications, the rules, the guidelines, and the field specifications of each message type.
28 February 202020 December 2019
Table of Contents
Introduction................................................................................................................................................. 3
Summary of Changes............................................................................................................................. 3
Category 5 Message Types........................................................................................................................4
Euro - Impact on Category Message Standards ........................................................................................9
Securities Data Source Schemes.............................................................................................................10
Process ................................................................................................................................................ 10
Data Source Scheme list...................................................................................................................... 11
MT 544 Receive Free Confirmation .........................................................................................................12
MT 545 Receive Against Payment Confirmation......................................................................................13
MT 546 Deliver Free Confirmation ...........................................................................................................14
MT 547 Deliver Against Payment Confirmation .......................................................................................15
MT 548 Settlement Status and Processing Advice ..................................................................................16
MT 548 Scope ...................................................................................................................................... 16
MT 548 Format Specifications..............................................................................................................16
MT 548 Network Validated Rules .........................................................................................................24
MT 548 Usage Rules............................................................................................................................28
MT 548 Field Specifications .................................................................................................................28
MT 549 Request for Statement/Status Advice .......................................................................................149
MT 558 Triparty Collateral Status and Processing Advice .....................................................................150
MT 564 Corporate Action Notification ....................................................................................................151
MT 564 Scope .................................................................................................................................... 151
MT 564 Format Specifications............................................................................................................151
MT 564 Network Validated Rules .......................................................................................................159
MT 564 Usage Rules..........................................................................................................................165
MT 564 Market Practice Rules ...........................................................................................................166
MT 564 Field Specifications ...............................................................................................................166
MT 565 Corporate Action Instruction......................................................................................................304
MT 565 Scope .................................................................................................................................... 304
MT 565 Format Specifications............................................................................................................304
MT 565 Network Validated Rules .......................................................................................................308
MT 565 Usage Rules..........................................................................................................................310
MT 565 Market Practice Rules ...........................................................................................................310
MT 565 Field Specifications ...............................................................................................................310
MT 566 Corporate Action Confirmation ..................................................................................................363
MT 566 Scope .................................................................................................................................... 363
MT 566 Format Specifications............................................................................................................363
MT 566 Network Validated Rules .......................................................................................................370
MT 566 Usage Rules..........................................................................................................................372
MT 566 Market Practice Rules ...........................................................................................................373
MT 566 Field Specifications ...............................................................................................................373
MT 567 Corporate Action Status and Processing Advice ......................................................................488
MT 567 Scope .................................................................................................................................... 488
MT 567 Format Specifications............................................................................................................488
MT 567 Network Validated Rules .......................................................................................................490
MT 567 Market Practice Rules ...........................................................................................................492
MT 567 Field Specifications ...............................................................................................................492
Glossary of Terms................................................................................................................................... 527
Legal Notices.......................................................................................................................................... 533
Category 5 - Securities Markets for Standards MT November 2020
2 Message Reference Guide: Volume 3 (MT 544 - MT 567) - Standards Release Guide
Category 5 Message Types
The following table lists all message types defined in Category 5.
For each message type, there is a short description, an indicator whether the message type is
signed (Y/N), the maximum message length (2,000 or 10,000 characters) and whether the use of
the message requires registration with SWIFT for use in a message user group (Y/N).
MT MT Name Purpose
Signed
(1)
Max.
Length
MUG
500 Instruction to Register Instructs the registration,
deregistration or reregistration of a
financial instrument at the
registration provider
Y 10,000 N
501 Confirmation of
Registration or
Modification
Confirms the registration,
reregistration or deregistration of a
beneficial owner or shareholder
with the registration provider.
Confirm the modification of
registration details
Y 10,000 N
502 Order to Buy or Sell Instructs the purchase or sale of a
given quantity of a specified
financial instrument under specified
conditions
Y 10,000 N
503 Collateral Claim Requests new or additional
collateral, or the return or recall of
collateral
Y 10,000 Y
504 Collateral Proposal Proposes new or additional
collateral
Y 10,000 Y
505 Collateral Substitution Proposes or requests the
substitution of collateral held
Y 10,000 Y
506 Collateral and
Exposure Statement
Provides the details of the valuation
of both the collateral and the
exposure
Y 10,000 Y
507 Collateral Status and
Processing Advice
Advises the status of a collateral
claim, a collateral proposal, or a
proposal/request for collateral
substitution
Y 10,000 Y
508 Intra-Position Advice Reports on the movement of
securities within the holding
Y 10,000 N
509 Trade Status
Message
Provides information about the
status of a previously executed
trade
Y 10,000 N
510 Registration Status
and Processing
Advice
Advises the status of a registration
instruction or modification, or the
status of the registration process
previously sent by the account
owner
Y 10,000 N
Category 5 - Securities Markets for Standards MT November 2020
4 Message Reference Guide: Volume 3 (MT 544 - MT 567) - Standards Release Guide
MT MT Name Purpose
Signed
(1)
Max.
Length
MUG
513 Client Advice of
Execution
Provides brief and early information
about a securities deal, for
example, a block trade that is to be
allocated before final confirmation
Y 10,000 N
514 Trade Allocation
Instruction
Instructs the allocation of a block
trade
Y 10,000 N
515 Client Confirmation of
Purchase or Sale
Provides a detailed accounting of
financial instruments purchased or
sold by the Sender on behalf of the
Receiver or its client. It may also
convey the payment details of the
purchase or sale. It may also be
sent by, or via an ETC service
provider
Y 10,000 N
516 Securities Loan
Confirmation
Confirms the details of a securities
loan, including collateral
arrangements. It may also confirm
the details of a partial recall or
return of securities previously out
on loan
Y 2,000 N
517 Trade Confirmation
Affirmation
Positively affirms the details of a
previously received confirmation/
contract note
Y 10,000 N
518 Market-Side
Securities Trade
Confirmation
Confirms the details of a trade and,
where necessary, its settlement to a
trading counterparty
Y 10,000 N
519 Modification of Client
Details
Instructs the modification of client
details at the registration provider
Y 10,000 N
524 Intra-Position
Instruction
Instructs the movement of
securities within the holding
Y 10,000 N
526 General Securities
Lending/Borrowing
Message
Requests the borrowing of
securities or notifies the return or
recall of securities previously out on
loan. It may also be used to list
securities available for lending
Y 2,000 N
527 Triparty Collateral
Instruction
Performs a specific action on a
collateral management transaction
Y 10,000 Y
530 Transaction
Processing
Command
Requests the modification of a
processing indicator or other non-
matching information.
Y 10,000 N
535 Statement of
Holdings
Reports at a specified time, the
quantity and identification of
securities and other holdings which
the account servicer holds for the
account owner
Y 10,000 N
Category 5 Message Types
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