Instruction formats for Cross Border links - Monte Titoli
Instruction formats for Cross Border links - Monte Titoli
Instruction formats for Cross Border links - Monte Titoli
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<strong>Monte</strong> <strong>Titoli</strong><strong>Instruction</strong> <strong><strong>for</strong>mats</strong> <strong>for</strong> <strong>Cross</strong> <strong>Border</strong> <strong>links</strong>November 2013 Version
November 2013Contents1.0 Introduction 62.0 Austria - OeKB 72.1 SWIFT protocol 72.2 RNI protocol 122.3 X-TRM proprietary <strong>for</strong>mat 143.0 Belgium - Euroclear Belgium (ESES) 183.1 SWIFT protocol 183.2 RNI protocol 233.3 X-TRM proprietary <strong>for</strong>mat 254.0 France - Euroclear France (ESES) 294.1 SWIFT protocol 294.2 RNI protocol 344.3 X-TRM proprietary <strong>for</strong>mat 365.0 Germany - Clearstream Banking Frankfurt 405.1 SWIFT protocol 405.2 RNI protocol 485.3 X-TRM proprietary <strong>for</strong>mat 506.0 Luxembourg – VP Lux 546.1 SWIFT protocol 546.2 RNI protocol 596.3 X-TRM proprietary <strong>for</strong>mat 617.0 Netherlands - Euroclear Nederland (ESES) 65Page 3 of 134
November 20137.1 SWIFT protocol 657.2 RNI protocol 707.3 X-TRM proprietary <strong>for</strong>mat 728.0 Spain - Iberclear 768.1 SWIFT protocol 768.2 RNI protocol 809.0 Switzerland – SIX SIS 829.1 SWIFT protocol 829.2 RNI protocol 879.3 X-TRM proprietary <strong>for</strong>mat 8910.0 UK and Ireland - Euroclear UK&Ireland (operated by Citi) 9310.1 SWIFT protocol 9310.2 RNI protocol 9810.3 X-TRM proprietary <strong>for</strong>mat 10011.0 United States - DTCC 10411.1 SWIFT protocol 10411.2 RNI protocol 10812.0 Euroclear Bank 11012.1 SWIFT protocol 11012.2 RNI protocol 11512.3 X-TRM proprietary <strong>for</strong>mat 11713.0 Clearstream Banking Luxembourg 12113.1 SWIFT protocol 12113.2 RNI protocol 12613.3 X-TRM proprietary <strong>for</strong>mat 128Page 4 of 134
November 2013Appendix 132Custody systems codes 132Page 5 of 134
November 20131.0 IntroductionThis document contains a detailed description of the instruction <strong><strong>for</strong>mats</strong> <strong>for</strong> all the marketsserved by <strong>Monte</strong> titoli, within its <strong>Cross</strong> <strong>Border</strong> Securities Services (CBSS).A specific chapter will be dedicated to each market, covering all technical protocols available.The following markets are covered:• Domestic CSDs:o Austria - OeKBo Belgium - Euroclear Belgium (ESES)o France - Euroclear France (ESES)o Germany - Clearstream Banking Frankfurto Netherlands - Euroclear Nederland (ESES)o Spain - Iberclearo Switzerland - SIX SISo UK and Ireland - Euroclear UK&Ireland (operated by Citi)o United States - DTCC• International CSDs:o Euroclear Banko Clearstream Banking LuxembourgPage 6 of 134
November 20132.0 Austria - OeKB<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Austria's domestic CSD, OeKB.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary <strong>for</strong>mat message2.1 SWIFT protocol2.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 7 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘O’ <strong>for</strong> OeKB)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 9 of 134
November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 10 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 11 of 134
November 20132.2 RNI protocol2.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8145100 Fixed value <strong>for</strong> OeKB701 SECURITY CODE “14”b 701:AT000038611500 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free text759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Page 12 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTESQ: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/OFixed value <strong>for</strong> OeKB1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 13 of 134
November 20132.3 X-TRM proprietary <strong>for</strong>mat2.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountPage 14 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)PRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’Page 15 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S CUSTODY SYSTEMCODETRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 4 O ‘MOTI’A 35 O It contains the following data, separated bya “-“:• Settlement system code (‘O’ <strong>for</strong> OeKB)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 16 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 17 of 134
November 20133.0 Belgium - Euroclear Belgium (ESES)<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Belgium's domestic CSD, Euroclear Belgium (ESESplat<strong>for</strong>m).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary <strong>for</strong>mat message3.1 SWIFT protocol3.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 18 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 19 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ <strong>for</strong> ESES plat<strong>for</strong>m)• Code of the custody system of the counterparty (‘G’ <strong>for</strong>Euroclear Belgium)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 20 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 22 of 134
November 20133.2 RNI protocol3.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value <strong>for</strong>Euroclear Belgium701 SECURITY CODE “14”b 701: BE000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 23 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/93251F Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/GFixed value <strong>for</strong>Euroclear Belgium7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 24 of 134
November 20133.3 X-TRM proprietary <strong>for</strong>mat3.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 25 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 26 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ <strong>for</strong> ESESplat<strong>for</strong>m)• Code of the custody system of thecounterparty (‘G’ <strong>for</strong> EuroclearBelgium)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 27 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 28 of 134
November 20134.0 France - Euroclear France (ESES)<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with France's domestic CSD, Euroclear France (ESESplat<strong>for</strong>m).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary <strong>for</strong>mat message4.1 SWIFT protocol4.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 29 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 30 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ <strong>for</strong> ESES plat<strong>for</strong>m)• Code of the custody system of the counterparty (‘F’ <strong>for</strong>Euroclear France)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 31 of 134
November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 32 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 33 of 134
November 20134.2 RNI protocol4.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value <strong>for</strong>Euroclear France701 SECURITY CODE “14”b 701:FR000013000700 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 34 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/47591N Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/FFixed value <strong>for</strong>Euroclear France7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 35 of 134
November 20134.3 X-TRM proprietary <strong>for</strong>mat4.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 36 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 37 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ <strong>for</strong> ESESplat<strong>for</strong>m)• Code of the custody system of thecounterparty (‘F’ <strong>for</strong> Euroclear France)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 38 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 39 of 134
November 20135.0 Germany - Clearstream BankingFrankfurt<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Germany's domestic CSD, Clearstream BankingFrankfurt (CBF).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary <strong>for</strong>mat message5.1 SWIFT protocol5.1.1 MT542 – Deliver Free of PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMPage 40 of 134
November 2013O :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY <strong>for</strong> X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence Ait must contain the mandatory instruction number from<strong>Monte</strong> <strong>Titoli</strong> composed of 9 numeric positionsSequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n M SETTLEMENT DATE:O :98A: TRAD :4!c//8!n M TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountM :16R: FIACOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYPage 41 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a <strong>Monte</strong> <strong>Titoli</strong> participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by <strong>Monte</strong> <strong>Titoli</strong>M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘DAKV’ plus code of the<strong>for</strong>eign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the <strong>for</strong>eigncounterpartPage 42 of 134
November 2013O:97B: :SAFE/DAKV/CEND/:4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘DAKV’,type code ‘CEND’ plus code of <strong>for</strong>eign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesM :16R: SETPRTYM :95Q: BUYR:4!c/8c/34xOOPTIONAL occurrenceBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the <strong>for</strong>eign intermediary that is the beneficiaryof the operation (<strong>for</strong>mat Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of the<strong>for</strong>eign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E5.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct <strong>for</strong>mat of the instruction of the counterpart.Page 43 of 134
November 20135.1.3 MT541/3 – Receive/Deliver Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETPage 44 of 134
November 2013M :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:M :16S: FIACEnd of sequence CThe issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘A’ <strong>for</strong> CBF)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)Sequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCPage 45 of 134
November 2013O :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.:Page 46 of 134
November 2013BUYRFor messagesMT543:BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 47 of 134
November 20135.2 RNI protocol5.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8131800 Fixed value <strong>for</strong> CBF701 SECURITY CODE “14”b 701:DE000352796800 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 48 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBEPossible <strong><strong>for</strong>mats</strong>:1b/29x1b/”4”b/”2”b/”2”b(/”3”b)R: CSD proprietarycodeS: BIC code7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 49 of 134
November 20135.3 X-TRM proprietary <strong>for</strong>mat5.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 50 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O Maximum 3 decimals (according tosettlement currency rules)CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 51 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘A’ <strong>for</strong> CBF)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 52 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 53 of 134
November 20136.0 Luxembourg – VP Lux<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Luxembourg's domestic CSD, VP Lux.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary <strong>for</strong>mat message6.1 SWIFT protocol6.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 54 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 55 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘V’ <strong>for</strong> VP Lux)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 56 of 134
November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 57 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: M :16R:M :19A: M :19A:M :16S: M :16S:End of Sub-sequence E3M :16S: M :16S:End of Sequence EPage 58 of 134
November 20136.2 RNI protocol6.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8575000 Fixed value <strong>for</strong> VPLux701 SECURITY CODE “14”b 701:LU000193348900 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 59 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/VFixed value <strong>for</strong> VPLux7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 60 of 134
November 20136.3 X-TRM proprietary <strong>for</strong>mat6.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 61 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 62 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘V’ <strong>for</strong> VP Lux)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 63 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 64 of 134
November 20137.0 Netherlands - Euroclear Nederland(ESES)<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with the Netherlands' domestic CSD, Euroclear Nederland(ESES plat<strong>for</strong>m).The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary <strong>for</strong>mat message7.1 SWIFT protocol7.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLPage 65 of 134
November 2013M :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:M :16S: TRADDETISIN code of the financial instrumentPage 66 of 134
November 2013End of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘F’ <strong>for</strong> ESES plat<strong>for</strong>m)• Code of the custody system of the counterparty (‘N’ <strong>for</strong>Euroclear Nederland)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>(opt.)M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 67 of 134
November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 68 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 69 of 134
November 20137.2 RNI protocol7.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8134600 Fixed value <strong>for</strong>Euroclear Nederland701 SECURITY CODE “14”b 701:NL000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 70 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/48925F Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/NFixed value <strong>for</strong>Euroclear Nederland7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/00030Page 71 of 134
November 20137.3 X-TRM proprietary <strong>for</strong>mat7.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 72 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 73 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘F’ <strong>for</strong> ESESplat<strong>for</strong>m)• Code of the custody system of thecounterparty (‘N’ <strong>for</strong> EuroclearNederland)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicablePage 74 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicableTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 75 of 134
November 20138.0 Spain - Iberclear<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Spain's domestic CSD, Iberclear.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 7108.1 SWIFT protocol8.1.1 MT542 – Deliver Free of PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMO :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY <strong>for</strong> X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1it must contain the mandatory instruction number from<strong>Monte</strong> <strong>Titoli</strong> composed of 9 numeric positionsPage 76 of 134
November 2013M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n O SETTLEMENT DATE:O :98A: TRAD :4!c//8!n O TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a <strong>Monte</strong> <strong>Titoli</strong> participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETPage 77 of 134
November 2013M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by <strong>Monte</strong> <strong>Titoli</strong>M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘IBRC’ plus code of the<strong>for</strong>eign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the <strong>for</strong>eigncounterpartO :97B: :SAFE/IBRC/CEND/ :4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘IBRC’,type code ‘CEND’ plus code of <strong>for</strong>eign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 78 of 134
November 2013M:95Q:BUYR:4!c/8c/34xOBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the <strong>for</strong>eign intermediary that is the beneficiaryof the operation (<strong>for</strong>mat Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of the<strong>for</strong>eign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E8.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct <strong>for</strong>mat of the instruction of the counterpart.8.1.3 MT541/3 – Receive/Deliver Against PaymentService currently not provided.Page 79 of 134
November 20138.2 RNI protocol8.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8148800 Possible values:8148800 <strong>for</strong> SCLVsecurities (equities)8150400 <strong>for</strong> CADEsecurities(Government Bonds)701 SECURITY CODE “14”b 701:ES011321183500 ISIN code + suffixPage 80 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free text759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBEPossible <strong><strong>for</strong>mats</strong>:1b/29x1b/”4”b/”2”b/”2”b(/”3”b)R: CSD proprietarycodeS: BIC code7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 81 of 134
November 20139.0 Switzerland – SIX SIS<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in with Switzerland's domestic CSD, SIX SIS.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary <strong>for</strong>mat message9.1 SWIFT protocol9.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 82 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 83 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘S’ <strong>for</strong> SIX SIS)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 84 of 134
November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT541BUYRFor messagesMT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT541It is only mandatory when the trading member is different tothe sender of the message.Page 85 of 134
November 2013:95P::95R::95R:SELLFor messagesMT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORYM :16R: M :16R: M :16R:M :19A: M :19A: M :19A:M :16S: M :16S: M :16S:End of Sub-sequence E3M :16S: M :16S: M :16S:End of Sequence EPage 86 of 134
November 20139.2 RNI protocol9.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8155100 Fixed value <strong>for</strong> SIXSIS701 SECURITY CODE “14”b 701:CH003886335000 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 87 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/SFixed value <strong>for</strong> SIXSIS7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 88 of 134
November 20139.3 X-TRM proprietary <strong>for</strong>mat9.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 89 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O Maximum 3 decimals (according tosettlement currency rules)CODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'TRADE DATE N 8 O YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 O YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 90 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘S’ <strong>for</strong> SIX SIS)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 91 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 92 of 134
November 201310.0 UK and Ireland - EuroclearUK&Ireland (operated by Citi)<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in with UK and Ireland's domestic CSD, Euroclear UK & Ireland(EUI), which is operated by Citi.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:oSWIFT message MT542o RNI message 710oX-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:ooSWIFT message MT540X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:ooSWIFT message MT543X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:ooSWIFT message MT541X-TRM proprietary <strong>for</strong>mat message10.1 SWIFT protocol10.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLPage 93 of 134
November 2013M :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDM:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:M :16S: TRADDETISIN code of the financial instrumentPage 94 of 134
November 2013End of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘K’ <strong>for</strong> EUI)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>Page 95 of 134
November 2013O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.:M :16S: SETPRTYEnd of Sub-sequence E1:PACO//COSL:00Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 96 of 134
November 2013OBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.It is made of maximum 11 alphanumericsSELLThe following coding types are admitted::95P::95R:For messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34xBIC code+ 'MOTI' -> CED code:95R::4!c/8c/34x+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only <strong>for</strong> MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 97 of 134
November 201310.2 RNI protocol10.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8566700 Fixed value <strong>for</strong> EUI701 SECURITY CODE “14”b 701:GB00B15KXV3300 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 98 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/KFixed value <strong>for</strong> EUI1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYY7E9 STAMP DUTY RESERVE TAX (“4”b)(/”4”b)(/15n)(/”3”b)7E9:AGEN/TRRE/10000/GBPIt contains thefollowingin<strong>for</strong>mation:Agent indicator +transaction stampstatus + stampableconsideration(amount) +stampableconsideration(currency)Page 99 of 134
November 201310.3 X-TRM proprietary <strong>for</strong>mat10.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 100 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 101 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘K’ <strong>for</strong>Euroclear UK & Ireland)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 102 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 103 of 134
November 201311.0 United States - DTCC<strong>Monte</strong> <strong>Titoli</strong> has a FoP link in place with the United States' domestic CSD, DTCC.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 71011.1 SWIFT protocol11.1.1 MT542 – Deliver Free of PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the keyword MOTI- followed by a string of 9charactersM :23G: NEWM :4!c M NEWMO :98A: PREP :4!c//8!n M PREPARATION DATESub-sequence A1 – LinkagesMANDATORY <strong>for</strong> X-TRMM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:M :16S: LINKEnd of Sub-sequence A1it must contain the mandatory instruction number from<strong>Monte</strong> <strong>Titoli</strong> composed of 9 numeric positionsPage 104 of 134
November 2013M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98A: SETT :4!c//8!n M SETTLEMENT DATE:O :98A: TRAD :4!c//8!n O TRADE DATE:M :35B: [ISIN1!e12!c][4*35]O :70E: SPRO :4!c//10*35MISIN-CODE: the suffix must be mandatorily input with thekeyword SUFF: followed by the suffix in the first charactersof the first line of 35xSETTLEMENT INSTRUCTION:OR717: referencesR741:instructionsM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountOThe max length of instructions must be of 100 characters onthree consecutive linesMANDATORYM :16R: FIACM :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It must contain maximum two decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M It represents the DELIVERING AGENT that is thesender’s account:It must mandatorily be a <strong>Monte</strong> <strong>Titoli</strong> participant code withissuer code (DSS) MOTIM :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETPage 105 of 134
November 2013M :22F: SETR :4!c/[8c]/4!c ACTIVITY CODE:it must contain the data source scheme MOTI and activitycode 00E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] PLACE OF SETTLEMENT: this field is not taken intoaccount by <strong>Monte</strong> <strong>Titoli</strong>M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95R: REAG:4!c/8c/34xMRECEIVING AGENT:Option R: Data Source Scheme ‘DTCC’ plus code of the<strong>for</strong>eign intermediary, in the CSD’s proprietary type ofcoding.:95P::4!c//4!a2!a2!c[3!c]Option P: it must contain the BIC Code of the <strong>for</strong>eigncounterpartO:97B: :SAFE/DTCC/CEND/:4!c/[8c]/4!c/35x O SAFEKEEPING ACCOUNT: Data Source Scheme‘DTCC’,type code ‘CEND’ plus code of <strong>for</strong>eign intermediaryaccountM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYPage 106 of 134
November 2013M:95Q:BUYR:4!c/8c/34xOBUYER (Party that receives the financial instrument).If option Q is used, it contains the description of thecustomer of the <strong>for</strong>eign intermediary that is the beneficiaryof the operation (<strong>for</strong>mat Q of the IDC 774):95P::4!c//4!a2!a2!c[3!c]If option P is used it must contain the Bic Code of the<strong>for</strong>eign intermediary that is the beneficiary of the operationM :16S: SETPRTYEnd of Sub-sequence E1M :16S: SETDETEnd of Sequence E11.1.2 MT540 – Receive Free of PaymentCustomers are automatically credited of the incoming securities without need of instructing,conditional the correct <strong>for</strong>mat of the instruction of the counterpart.11.1.3 MT541/3 – Receive/Deliver Against PaymentService currently not provided.Page 107 of 134
November 201311.2 RNI protocol11.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:8162600 Fixed value <strong>for</strong> DTCC701 SECURITY CODE “14”b 701:US00184A105100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 108 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 774778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE RS7E5:R/MGTCBEBE7E51b/29x1b/”4”b/”2”b/”2”b(/”3”b)7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/7204Page 109 of 134
November 201312.0 Euroclear Bank<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Euroclear Bank.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary <strong>for</strong>mat message12.1 SWIFT protocol12.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 110 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 111 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘E’ <strong>for</strong> Euroclear Bank)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 112 of 134
November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.Page 113 of 134
November 2013:95P::95R::95R:SELLFor messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only <strong>for</strong> MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 114 of 134
November 201312.2 RNI protocol12.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:1293400 Fixed value <strong>for</strong>Euroclear Bank701 SECURITY CODE “14”b 701:BE000380118100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 115 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R1b/29x7E5:R/EFixed value <strong>for</strong>Euroclear Bank7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 116 of 134
November 201312.3 X-TRM proprietary <strong>for</strong>mat12.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 117 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 118 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘E’ <strong>for</strong>Euroclear Bank)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 119 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 120 of 134
November 201313.0 Clearstream Banking Luxembourg<strong>Monte</strong> <strong>Titoli</strong> has a DvP link in place with Clearstream Banking Luxembourg.The following instruction types can be managed through the link, using the indicated protocols:• Delivery Free of Payment:o SWIFT message MT542o RNI message 710o X-TRM proprietary <strong>for</strong>mat message• Receive Free of Payment:o SWIFT message MT540o X-TRM proprietary <strong>for</strong>mat message• Delivery Against Payment:o SWIFT message MT543o X-TRM proprietary <strong>for</strong>mat message• Receive Against Payment:o SWIFT message MT541o X-TRM proprietary <strong>for</strong>mat message13.1 SWIFT protocol13.1.1 MT540/1/2/3 – Receive/Deliver Free of/Against PaymentSequence A – General in<strong>for</strong>mationMANDATORYM/O<strong>for</strong>SWIFTTag Qualifier Format M/O <strong>for</strong><strong>Monte</strong><strong>Titoli</strong>NotesM :16R: GENLM :20C: SEME :4!c//16x M REFERENCE-CODE:it must contain the unique message IDPage 121 of 134
November 2013M:23G: NEWMCANC:4!c M MESSAGE FUNCTION:NEWM <strong>for</strong> new messagesCANC <strong>for</strong> cancellationsSub-sequence A1 – LinkagesThis occurrence is MANDATORY <strong>for</strong> X-TRM, only <strong>for</strong> cancellationsM :16R: LINKM :20C: PREV :4!c//16x M PREVIOUS MESSAGE REFERENCE:M :16S: LINKEnd of Sub-sequence A1Only <strong>for</strong> cancellations, it must contain the X-TRM referenceof the instruction that needs to be cancelled (max 6alphanumerics)Sub-sequence A1 – LinkagesMANDATORYM :16R: LINKM :20C: TRRF :4!c//16x M DEAL REFERENCE:it must contain the instruction ID assigned by the userM :16S: LINKEnd of Sub-sequence A1M :16S: GENLEnd of Sequence ASequence B – Trade detailsMANDATORYM :16R: TRADDETM :98C: SETT :4!c//8!n6!n M SETTLEMENT DATE:This <strong>for</strong>mat allows to indicate settlement date andsettlement Time Out. Time Out is not applicable <strong>for</strong> CBSS,so it must be filled in with zeroes, e.g.::SETT//20110823000000O :98A: TRAD :4!c//8!n M TRADE DATE:e.g.::TRAD//20011023M :35B: [ISIN1!e12!c] M ISIN CODE:ISIN code of the financial instrumentM :16S: TRADDETEnd of sequence BSequence C – Financial Instrument/AccountMANDATORYM :16R: FIACPage 122 of 134
November 2013M :36B: SETT :4!c//4!c/15d M QUANTITY OF FINANCIAL INSTRUMENT: it can beexpressed either as units number (UNIT) or face amount(FAMT). It can contain maximum 11 integers and 3 decimalsM :97B: SAFE/MOTI/CEND :4!c/[8c]/4!c/35x M SECURITY SETTLEMENT ACCOUNT:The issuer code must mandatorily contain the word ‘MOTI’.The account type code must be ‘CEND’The settlement account number (35x) contains the followingdata, separated by a “-“:• Settlement system code (‘C’ <strong>for</strong> CBL)• Code of the custody system of the counterparty (seetable in Appendix)• Account code of the counterparty at the cross-bordercustody system• BIC code of the beneficiary /customer of thecounterparty (opt.)• Account code of the beneficiary /customer of thecounterparty (opt.)• Account code of the trading member at <strong>Monte</strong> <strong>Titoli</strong>M :16S: FIACEnd of sequence CSequence E – Settlement detailsMANDATORYM :16R: SETDETM :22F: SETR :4!c/[8c]/4!c M TYPE OF SETTLEMENT TRANSACTION INDICATOR:It must contain DSS ‘MOTI’ and Indicator ‘OCTC’, i.e.::SETR/MOTI/OCTCO :22F: TRCA :4!c//4!c M PARTY CAPACITY INDICATOR:‘SPRI’ = own account‘SAGE’ = third party accountSub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM :95P: PSET :4!c//4!a2!a2!c[3!c] O PLACE OF SETTLEMENT:this field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>O :70C: PACO :4!c//6*35x M PARTY NARRATIVE:It contains codeword ‘COSL’ (settlement system code),followed by fixed value ‘00’, i.e.::PACO//COSL:00Page 123 of 134
November 2013M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95P:DEAG:4!c//4!a2!a2!c[3!c]ODELIVERING/RECEIVING AGENT::95R:For messagesMT540 or MT541REAG:4!c/8c/34xthis field is not taken into account by <strong>Monte</strong> <strong>Titoli</strong>For messagesMT542 or MT543M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesMANDATORYM :16R: SETPRTYM:95R: SELLFor messagesMT540 or MT541BUYRFor messagesMT542 or MT543:4!c/8c/34x M COUNTERPARTY CODE:It must contain DSS ‘MOTI’ and Indicator CODE ‘617’(<strong>Monte</strong> <strong>Titoli</strong>), i.e.::BUYR/MOTI/617Or:SELL/MOTI/617M :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E1– Settlement partiesOPTIONAL occurrenceM :16R: SETPRTYOBUYROCOUNTERPARTY CODE:For messagesMT540 or MT541It is only mandatory when the trading member is different tothe sender of the message.Page 124 of 134
November 2013:95P::95R::95R:SELLFor messagesMT542 or MT543:4!c//4!a2!a2!c[3!c]:4!c/8c/34x:4!c/8c/34xIt is made of maximum 11 alphanumericsThe following coding types are admitted:BIC code+ 'MOTI' -> CED code+ 'ITIT' -> ABI codeM :16S: SETPRTYEnd of Sub-sequence E1Sub-sequence E3 – AmountsMANDATORY, only <strong>for</strong> MT541 or MT543M :16R: AMTM :19A: SETT :4!c//[N]3!a15d M SETTLEMENT AMOUNT:It is the countervalue of the instruction (max 11 integers and3 decimals)e.g.::SETT//EUR5000,M :16S: AMTEnd of Sub-sequence E3M :16S: SETDETEnd of Sequence EPage 125 of 134
November 201313.2 RNI protocol13.2.1 710 – Delivery Free of PaymentIDC DESCRIPTION FORMAT EXAMPLE NOTES01 MESSAGE TYPE “3”b 01:710 Fixed value040 SENDER “5”n(/”5”n/”2”b) 040:60394 ABI code050 RECEIVER “5”n(/”5”n/”2”b) 050:12930 Fixed value (<strong>Monte</strong><strong>Titoli</strong>)031 REFERENCE DATE “6”n 031:260711 DDMMYY020 C.R.O. “11”n 020:86155101803010 CHECK NUMBER “5”n 010:36526751 FORM NUMBER “9”n 751:861551018 Unique code perinstruction andintermediary717 REFERENCES 20x 717:EOS1107200019405 Free text706 PARTICIPANT CODE “7”n 706:1293200 Fixed value <strong>for</strong> CBL701 SECURITY CODE “14”b 701:LU015680172100 ISIN code + suffix718 QUANTITY – NOMINAL VALUE 15n 718:3500000741 TRANSFER INSTRUCTIONS 2 * 50x 741:MGTCBEBE In<strong>for</strong>mation <strong>for</strong> thebeneficiary – free textPage 126 of 134
November 2013IDC DESCRIPTION FORMAT EXAMPLE NOTES759 ACTIVITY CODES 1b/1b E/1 Fixed value774 BENEFICIARY CODE Q S 774:Q/22429 29107 Possible <strong><strong>for</strong>mats</strong>:Q: descriptionS: BIC code778 INSTITUTIONAL CUSTOMERFLAG“1”x 778:S Fixed value7E5 FOREIGN INTERMEDIARY CODE R7E5:R/CFixed value <strong>for</strong> CBL1b/29x7E6FOREIGN INTERMEDIARYACCOUNT CODEB/35x7E6:B/72047E7 SETTLEMENT DATE “8”n 7E7:20072011 DDMMYYYY7E8 TRADE DATE “8”n 7E8:20072011 DDMMYYYYPage 127 of 134
November 201313.3 X-TRM proprietary <strong>for</strong>mat13.3.1 Proprietary <strong>for</strong>mat message – Delivery/Receive Against/Free ofPaymentLU 6.2 protocol is taken as an example:DESCRIPTION TYPE LENGTH M/O NOTESMARKET SOURCE A 3 M 'LU6'TRADE TYPE ABBREVIATION A 3 M ‘CTC’OPTION TYPE ABBREVIATION A 3 O Not applicableACTION REQUIRED A 1 M ‘I’ = input‘C’ = cancellationX-TRM IDENTIFIER A 6 O Only <strong>for</strong> cancellationsTRADE IDENTIFIER FOR THE TRADINGMEMBERA 6 M Identifier assigned to the instruction by thetrading memberTRADING MEMBER IDENTIFIER A 11 M Code of the declaring trading member,according to the type of coding specifiedbelowTRADING MEMBER TYPE OF CODING A 1 O ‘A’ = ABI‘B’ = BIC'C' = CEDSIGN A 1 O ‘A’ = deliver'D' = receiveCOUNTERPARTY IDENTIFIER A 11 M ‘617’ (CED code of <strong>Monte</strong> <strong>Titoli</strong>)COUNTERPARTY TYPE OF CODING A 1 O 'C'CODE OF THE TRADED SECURITY A 12 M ISIN code of the securityTYPE OF CODING OF THE TRADEDSECURITYA 1 O 'I'MARKET IDENTIFIER A 3 O 'FME'NEGOTIATION TYPE OF THE TRADINGMEMBERA 1 M ‘P’ = own account‘T’ = third party accountQUANTITY A 19 M 15 integers and 3 decimals (explicit decimalcomma)Page 128 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESPRICE A 15 O Not applicableEXCHANGE RATE A 13 O Not applicableSIGN OF THE COUNTERVALUE A 1 O Blank (assuming countervalue has oppositesign with respect to quantity)COUNTERVALUE A 16 O 0 <strong>for</strong> FoP transfersCODE OF THE SETTLEMENT CURRENCY A 3 O 'EUR'Maximum 3 decimals (according tosettlement currency rules)TRADE DATE N 8 M YYYYMMDDTRADE TIME N 6 O Not applicableSETTLEMENT DATE N 8 M YYYYMMDDEND VALIDITY DATE N 8 O Not applicableUNITARY ACCRUED INTEREST A 8 O Not applicableOPTION PRICE A 10 O Not applicableDATE OF PREMIUM OUTCOME N 8 O Not applicablePREMIUM OPERATION IDENTIFIER A 6 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODEA 11 O Not applicableTRADING MEMBER'S CENTRALCOUNTERPARTY CODE TYPEA 1 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODEA 11 O Not applicableTRADING MEMBER'S SETTLEMENTAGENT CODE TYPEA 1 O Not applicableCODE OF THE SETTLEMENT SYSTEM N 2 M ‘00’TRADING MEMBER'S CUSTODY SYSTEMCODEA 4 O ‘MOTI’Page 129 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S SECURITYSETTLEMENT ACCOUNTA 35 O It contains the following data, separated bya “-“:• Settlement system code (‘C’ <strong>for</strong> CBL)• Code of the custody system of thecounterparty (see table in Appendix)• Account code of the counterparty at thecross-border custody system• BIC code of the beneficiary /customer ofthe counterparty (opt.)• Account code of the beneficiary/customer of the counterparty (opt.)• Account code of the trading member at<strong>Monte</strong> <strong>Titoli</strong>TRADING MEMBER'S GENERALCLEARING MEMBER CODEA 11 O Not applicableTRADING MEMBER'S GENERALCLEARING MEMBER CODE TYPEA 1 O Not applicableCOSTS AMOUNT A 10 O Not applicableCOSTS DEBIT INDICATOR A 1 O Not applicableCOMMISSION TYPE A 1 O Not applicableCOMMISSION A 10 O Not applicableINDICATOR FOR COMMISSION RATE A 1 O Not applicableSTAMP DUTY ISSUE INDICATOR A 1 O Not applicableSTAMP DUTY DEBIT INDICATOR A 1 O Not applicableSTAMP DUTY CATEGORY A 1 O Not applicableCODE OF THE BENEFICIARY/ CUSTOMEROF THE TRADING MEMBERA 16 O Not applicableBUYER OF THE TRADING MEMBER CODETYPEN 2 O Not applicableTRADING MEMBER'S ORDER IDENTIFIER A 20 O Not applicablePage 130 of 134
November 2013DESCRIPTION TYPE LENGTH M/O NOTESTRADING MEMBER'S ORDER DATE N 8 O Not applicableFORWARD PRICE A 15 O Not applicableFORWARD LEG'S STAMP DUTY DEBITINGINDICATOREXCHANGE RATE OF THE FORWARDLEGUNIT ACCRUED INTEREST OF THEFORWARD LEGSETTLEMENT DATE OF THE FORWARDLEGA 1 O Not applicableA 13 O Not applicableA 8 O Not applicableN 8 O Not applicableEND VALIDITY DATE OF THE FORWARDLEGN 8 O Not applicablePRIORITY A 1 O Not applicableTIME OUT A 4 O Not applicablePRIORITY OF THE FORWARD LEG A 1 O Not applicableTIME OUT OF THE FORWARD LEG A 4 O Not applicableTRADING MEMBER BENEFICIARY A 35 O Not applicableFILLER A 1 OHOLD-RELEASE INDICATOR A 1 O Not applicableSETTLEMENT CYCLE A 2 O Not applicableCORPORATE ACTION INDICATOR A 1 O Not applicableNEGATIVE UNIT ACCRUED INTERESTINDICATORNEGATIVE UNIT ACCRUED INTERESTINDICATOR OF THE FORWARD LEGA 1 O Not applicableA 1 O Not applicableCOUNTERPARTY BENEFICIARY A 35 O Not applicableFILLER A 118Page 131 of 134
November 2013AppendixCustody systems codesCodeCEAFOIBSDNPGKHLMJDescriptionClearstream Banking LuxembourgEuroclear BankClearstream FrankfurtEuroclear FranceOeKBIberclear SCLVIberclear CADESIX SISDTCCEuroclear NederlandEuroclear FinlandEuroclear BelgiumEuroclear UK&IrelandBank of GreeceBanque Nationale de BelgiqueInterbolsa (Portugal)KDD (Slovenia)Page 132 of 134
November 2013QVCDCP (Slovak Republic)VP Lux (Luxembourg)Page 133 of 134