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Business activities and gaps worksheet
Column name Column explanation
This column contains the name given to the activity or the function performed
by the message. Given that similar activities have been identified in different
Activity name/function: CSDs with different names, message names provided by CSDs have
occasionally been replaced with generic names corresponding to the activity or
function performed by this message.
This column contains information about the scope of the activity and allows
Activity scope:
placing the activity in its context.
Sender and Receiver Identifies the typical sender and receiver for the activity.
This column indicates whether an ISO 15022 message has been identified as a
15022:
candidate for the activity described.
This column indicates whether an ISO 20022 message has been identified as a
20022: candidate to fill in the activity function described in the activity name/function
column.
This column provides a status on the gaps identified by the CSDs. Below is an
Status:
explanation for each possible status.
gap - being filled : this status means that either messages exist but are not yet
registered with ISO or that messages are being developed.
gap - no message exists : this status means that no message currently exists
that could meet the requirement.
not a high level gap : this status means that it is not expected that a new
message is needed to cover this functionality, however modifications to existing
messages could be required.
Explanation: This column provides explanation on the status.
This column identifies a rough classification of the business domain to which
Category: .
the activity belongs.
Activities removed worksheet
Numerous activities were raised by infrastructures simultaneously so we have activites raised as gaps more than
once. This worksheet captures those activties which we have removed but which should be captured elsewhere
on the business activities. It also captures any activities deemed out of scope.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Confirms the details of a (I)CSD to Not a high level The existing ISO message meets this Trade
Settle1 Trade confirmation notice MT515 N/A
trade Participant gap requirement affirmation
Affirms/agrees the details
(I)CSD to Not a high level The existing ISO message meets this Trade
Settle2 Trade affirmation notice of a previously received MT517 N/A
Participant gap requirement affirmation
trade confirmation notice
Notifies the refusal of a
Refusal of trade Participant to Not a high level The existing ISO message meets this Trade
Settle3 previously received trade MT509 N/A
execution notice (I)CSD gap requirement affirmation
confirmation notice
Request from the
Intermediary to the Market
Request for a trade Member to obtain a Participant to Not a high level The existing ISO message meets this Trade
Settle4 MT549 N/A
confirm notice response to an order (I)CSD gap requirement affirmation
which it passed and which
is executable.
Affirms/agrees the details
of a previously received
More of a detailed gap - A code will be
Default Trade affirmation trade confirmation notice Participant to Not a high level Trade
Settle5 MT517 N/A added to MT517 identify that it is a
notice (default procedure, ie (I)CSD gap affirmation
forced transaction
once deadline for
affirmation is passed).
Notifies the refusal of a
More of a detailed gap - A code will be
Default refusal of trade previously received trade (I)CSD to Not a high level Trade
Settle6 MT509 N/A added to MT509 identify that it is a
execution notice confirmation notice Participant gap affirmation
forced transaction
(default procedure).
Notifies the refusal of a
trade confirmation notice
Refusal of a trade
sent by the Market Participant to Not a high level The existing ISO message meets this Trade
Settle7 execution notice (indirect MT509 N/A
member for the indirect (I)CSD gap requirement affirmation
participants)
participant for which it
ensures clearing
Notifies an indirect
participant of the
Notification of adjustment agreement, explicit or (I)CSD to MT528/MT529 Not a high level The existing ISO messages meet the Trade
Settle8 N/A
for an indirect member forced, of a transaction Participant MT541/MT543 gap requirements affirmation
notice sent by the Market
Member
Notifies that the
transaction will be
Notification of
presented to the (I)CSD to MT528/MT529 Not a high level The existing ISO messages meet the Trade
Settle9 presentation for N/A
Settlement system for Participant MT541/MT543 gap requirements affirmation
Settlement
settlement of securities
and cash
Sent when an instruction
Instruction for Participant to Not a high level The existing ISO message meets this Settlement
Settle12 should be compared but MT540-543 N/A
comparison only (I)CSD gap requirement instructions
not settled (matching only)
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Instructs that an Use of PREA on MT540-3. Part of
Participant to Not a high level Settlement
Settle13 Request to freeze instruction should be put MT540-543 N/A scope for new message instruction
(I)CSD gap instructions
in frozen status modification MT530.
The existing ISO message meets this
Instructs the blocking of a Participant to MT524/540/54 Not a high level Settlement
Settle15 Blocking N/A requirement. MT524 within an account
security (I)CSD 2 gap instructions
or MT540/2 between accounts.
The existing ISO message meets this
Instructs the unblocking of Participant to MT524/540/54 Not a high level Settlement
Settle16 Unblocking N/A requirement. MT524 within an account
a security (I)CSD 2 gap instructions
or MT540/2 between accounts.
Change the
status/availability of the Participant to Not a high level The existing ISO message meets this Settlement
Settle17 Intra-Position Instruction MT524 N/A
security within a (I)CSD gap requirement instructions
safekeeping account
Instructs that a numbered
stock of non-fungible
Request to block/unblock securities should be made The MT524 can be used to move
Participant to MT524/540/54 Not a high level Settlement
Settle18 or reserve/modify non- unavailable/available for N/A positions within an account or MT540/2
(I)CSD 2 gap instructions
fungible securities settlement or between accounts.
modified/reserved
numbered securities
Instructs an internal DVP
Participant to Not a high level The existing ISO message meets this Settlement
Settle19 Against payment trade transfer to a counterparty MT541/543 N/A
(I)CSD gap requirement instructions
account
Instructs an internal FOP
Participant to Not a high level The existing ISO message meets this Settlement
Settle20 Free of payment trade transfer to a counterparty MT540/542 N/A
(I)CSD gap requirement instructions
account
Internal own account Instructs an own account Participant to Not a high level The existing ISO message meets this Settlement
Settle21 MT542 N/A
transfer transfer (I)CSD gap requirement instructions
It is possible on the MT530 to
distinguish between a hard and soft
link. With a soft link, the settlement
platform will seek to settle the linked
Instructs that two or more transactions together up until an agreed
instructions should be time in the operational day. If the link
linked for settlement Participant to Not a high level has not settled by this time, then it will Settlement
Settle22 Linking instruction MT540-543 N/A
purposes. Should be able (I)CSD gap be broken and the settlement platform instructions
to distinguish a hard link will allow the transactions to settle
from a soft link. individually. In the case of a hard link,
this link will never be centrally broken.
The MT54x originating instructions
have a detailed gap as they don't allow
this distinction
Requests the cancellation Participant to Not a high level The existing ISO message meets this Settlement
Settle24 Instruction cancellation MT540-543 N/A
of an instruction (I)CSD gap requirement instructions
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Instructs the delivery free
Participant to Not a high level The existing ISO message meets this Settlement
Settle25 Delivery without matching of payment without MT542 N/A
(I)CSD gap requirement instructions
matching
Notifies that there is a an
instruction in the market
for which no matching (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle26 Allegements MT578 N/A
instruction has been Participant gap requirement instructions
received. Is alleged but
unmatched.
Having discussed this with the CSD we
Communication to
agreed the MT578 meets the business
Allegements of stock participant on trades from (I)CSD to Not a high level Settlement
Settle27 MT578 N/A need but requires some detailed
exchange trades Stock Exchange which are Participant gap instructions
analysis to ensure it covers all the
alleged against them.
needs.
Acceptance or rejection of When a CSD alleges to their
a stock exchange Gap - no participant, the participant needs a
Accept/Reject allegement
alledgement. Participants Participant to message exists message to communicate the rejection Settlement
Settle28 (Modification of a stock N/A N/A
may reject an allegement (I)CSD or currently of the allegement with a reason code. instructions
exchange split)
for different reasons such planned We feel the MT548 and MT578 are not
as to avoid selling short. appropriate to support this process.
Instructs that an
instruction should be split
Can be handled by cancel and replace
to allow it to be settled in Participant to Not a high level Settlement
Settle30 Instruction splitting MT540-543 N/A in ISO messages. Potential detailed
separate amounts. 1 (I)CSD gap instructions
gap.
instruction becomes
several instructions.
Notifies that an instruction
(I)CSD to Not a high level Settlement
Settle31 Instructions at end of life has reached the end of its MT548 N/A More of a detailed gap for the MT548.
Participant gap instructions
life
The provision of the RR to
tell the CSD which
securities should be
Provision of Register Participant to Not a high level More of a detailed gap - could be Settlement
Settle32 delivered. This reference MT540-543 N/A
reference (RR) (I)CSD gap included in settlement instruction instructions
ensures that the trade is
allocated to the correct
participant
Instruction to place stock It is due to the fact that the custody and
Instruction to place of securities on settlement is in separate systems at the
Participant to Not a high level Settlement
Settle33 financial instruments into intermediary's accounts MT542 N/A CSD. Could transfer between
(I)CSD gap instructions
Custody system within a different system at settlement systems using the MT54x
the CSD messages.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
It is due to the fact that the custody and
Instruction to place non- Instruction to place stock settlement is in separate systems at the
Participant to Not a high level Settlement
Settle34 fungible securities into of non-fungible securities MT542 N/A CSD. Could transfer between
(I)CSD gap instructions
Custody system on intermediary's accounts settlement systems using the MT54x
messages.
Being addressed in SR 2007. The
MT530 will allow modification as of Oct
Requests the modification Participant to Settlement
Settle35 Instruction modification MT530 N/A Gap - being filled 2007. If new codes are needed for this
of a Settlement instruction (I)CSD instructions
purpose we can assess them as part of
the detailed analysis.
Delivery of securities with
The existing ISO messages allow
Delivery/ies of securities cash. Frequent in the Participant to Not a high level Settlement
Settle37 MT540/542 N/A delivery with cash in the free of
with cash exercise of options, (I)CSD gap instructions
payment messages
futures.
Instructs the deposit of a Participant to Not a high level
Settle38 Stock deposit (physical) MT540 N/A More of a detailed gap for the MT540. Physicals
physical stock certificate (I)CSD gap
Stock withdrawal Instructs the withdrawal of Participant to Not a high level
Settle39 MT542 N/A More of a detailed gap for the MT542. Physicals
(physical) a physical stock certificate (I)CSD gap
Instructs the input of a
Residual input (non
transaction where the Participant to Not a high level More of a detailed gap but within
Settle40 eligible for settlement in MT541/543 N/A Physicals
stock leg settles outside (I)CSD gap existing ISO messages MT541/3
the system)
the system (Not DVP)
Instructs the receipt of a
Being addressed in SR 2007. The
physical stock by the
MT530 has been enhanced to handle
Buyer acceptance (for buyer outside the system Participant to
Settle41 MT530 N/A Gap - being filled acceptance within this type of context Physicals
residuals) so that the CSD can (I)CSD
though further detailed analysis is
finalise the pending
needed
transaction.
Instructs the cancellation So that the certificate number can be
of a stock deposit changed (ie, in case of a mistake made
Stock Deposit certificate certificate at the CSD. Participant to on the cert number). Use of MT530
Settle42 MT530 N/A Gap - being filled Physicals
cancellation This can be achieved (I)CSD seems to make sense here but perhaps
through the modification of detailed gap. Being addressed in SR
the certificate number. 2007.
CSD feels that settlement messages
Details the stock deposits shouldn’t be used as the handling
Counter acceptance received (or withdrawal). Vault to Not a high level agent isn't a participant to the
Settle43 MT530 N/A Physicals
information Sent from the vault to the (I)CSD gap transaction. Further analysis is required
CSD. to rule out any of the existing ISO
messages.
Reports movements of
Detailed analysis is needed as the
Non-fungible securities numbered certificates of (I)CSD to Not a high level
Settle44 MT536/7 N/A existing ISO messages can be used but Physicals
movements non-fungible securities on Participant gap
may need to be enhanced.
intermediaries' accounts.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Notifies that the
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle45 Valid instruction received settlement instruction is MT548 N/A
Participant gap requirement status
valid
Notifies that the
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle46 Instruction was rejected settlement instruction is MT548 N/A
Participant gap requirement status
rejected
Notifies that the
Instruction has been (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle47 settlement instruction has MT548 N/A
cancelled Participant gap requirement status
been cancelled
Being addressed in SR 2007. MT548
Instruction has been Notifies that the instruction (I)CSD to Settlement
Settle48 MT548 N/A Gap - being filled will be enhanced to report this for Oct
modified has been modified Participant status
2007.
Notifies that an settlement (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle49 Instruction is not matched MT548 N/A
instruction is unmatched Participant gap requirement status
Notifies that the instruction
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle50 Instruction matched is matched for future MT548 N/A
Participant gap requirement status
settlement.
Notifies that the instruction
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle51 Instruction failing has not settled, ie it has MT548 N/A
Participant gap requirement status
failed
Notifies that the instruction
is positioned for
Positioned / confirm local settlement so position (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle52 MT548 N/A
market cannot be delivered (is Participant gap requirement status
blocked pending
settlement)
Reports transactions that (I)CSD to Not a high level Settlement
Settle53 Tolerance matching info MT536 N/A More of a detailed gap in the MT536.
have matched on tolerance Participant gap status
Reports the instruction
Feedback on request to
status of a request to The existing ISO messages can provide
block/unblock or (I)CSD to Not a high level Settlement
Settle54 block/unblock MT544/6/8 N/A status and confirm when the block
reserve/modify non- Participant gap reporting
modify/reserve numbered instruction has been processed.
fungible securities
certificates.
Notifies a member
representing a
Information on (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle55 submember of an MT548 N/A
submember's instruction Participant gap requirement reporting
instruction issued by one
of those submembers.
Confirms that an (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle56 Settlement confirmation MT544-547 N/A
instruction has settled Participant gap requirement reporting
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Allows customer to
forecast where they may
be short of securities. More of a detailed gap - potential need
Settlement forecast (I)CSD to Not a high level Settlement
Settle57 Sent day before for MT535 N/A to add some codes to the existing
statement Participant gap reporting
following day and also the MT535
morning for trades eligible
to settle that day
Notifies that a transaction Being addressed in SR 2007. The
Advise of centrally (I)CSD to Settlement
Settle58 has been centrally created MT548 N/A Gap - being filled MT548 will be enhanced in 2007 to
generated transactions Participant reporting
(e.g. a claim transaction) cover this need.
The bank to customer messages allow
reporting of stamp duty as well as the
Reports the stock
underlying transactions. These
transactions that are used (I)CSD to BankToCustomer Settlement
Settle59 UK stamp constituents MT575 Gap - being filled messages are not yet registered with
to make up a UK stamp Participant AccountReportV01 reporting
ISO. Detailed analysis needed to
transaction
ensure it meets full business
requirements.
Reports executed/settled (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle60 Statement of transactions MT536 N/A
instructions Participant gap requirement reporting
Statement of holdings for
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle61 all instrument types (with Reports securities holdings MT535 N/A
Participant gap requirement reporting
or without price)
Request for open Request for open position Participant to Not a high level The existing ISO message meets this Settlement
Settle63 MT549 N/A
position statement statement (I)CSD gap requirement reporting
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle64 Open position statement Reports all open positions MT535 N/A
Participant gap requirement reporting
Registrar's position Reports holding in a (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle65 MT535 N/A
statement Registrars stock account Registrar gap requirement reporting
Pending transactions Reports pending/unsettled (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle66 MT537 N/A
statement instructions Participant gap requirement reporting
Statement of settlement Reports all alleged (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle67 MT586 N/A
allegements instructions Participant gap requirement reporting
Notifies the stock
Instruction stock (I)CSD to Not a high level Settlement
Settle69 movements used in a MT536 N/A More of a detailed gap in the MT536.
movements Participant gap reporting
transaction
Request for Request for Participant to Not a high level The existing ISO message meets this Settlement
Settle70 MT549 N/A
Statement/Status Advice Statement/Status Advice (I)CSD gap requirement reporting
Balance's sent by CSD
May require an enhancement to the
participant for
Statement from (I)CSD to Not a high level scope of the MT535. This is specific to Settlement
Settle71 reconciliation where the MT535 N/A
participants Participant gap Poland so need to fit it within existing reporting
CSD reconciles on behalf
messages
of its participant.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Confirms movements from
settlement and custody on (I)CSD to MT544-7, Not a high level The existing ISO message meets this Settlement
Settle72 Booking confirmation N/A
accounts, both for net and Participant MT566 gap requirement reporting
gross settlement
Requests the system to
send all/some information
(e.g. multilateral balances
The ISO15022 message can be used to
both in cash and
Request for pre- request the security balances. The
securities) related to the Participant to Settlement
Settle73 settlement/day-time MT549 camt.003.001.02 Gap - being filled 20022 message can be used for the
current or next settlement (I)CSD reporting
settlement information cash balance but it is not yet registered
cycle, pertaining the
with ISO.
requester and/or its
associates, matching the
indicated criteria
Feedback about the
This feedback states if the
request for pre- (I)CSD to Not a high level Either an MT548 status message can Settlement
Settle74 request has been MT548 N/A
settlement/settlement Participant gap be sent or the actual report itself. reporting
accepted or rejected
information
This flow contains the
information, either
Sending of settlement
pending or definitive, (I)CSD to MT535-7, Not a high level The existing ISO message meets this Settlement
Settle75 related information upon N/A
matching the indicated Participant MT548 gap requirement reporting
request
criteria related to a
settlement cycle
Reports all the settlement
Settlement instructions instructions concerning (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle76 MT536-7 N/A
report the requestor and/or its Participant gap requirement reporting
operated subjects
Transactions for 1 account
owner (negotiator - the
buyer or seller) per isin,
Multilateral securities The MT535 should be used here
can be netted. These (I)CSD to Not a high level Settlement
Settle77 balances per indirect MT535 N/A though perhaps there are some
"multilateral" balances Participant gap reporting
participant detailed gaps to be looked at.
which result from netting
(net movement) are
reported to the participant.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Multilateral securities
balances on different Reporting the balances on The MT535 should be used here
(I)CSD to Not a high level Settlement
Settle78 accounts, available an account basis and not MT535 N/A though perhaps there are some
Participant gap reporting
securities and uncovered on the "negotiator" basis detailed gaps to be looked at.
quantities of securities
It reports the four addends
that make up the
purchasing power of the Currently there is no consolidated
Gap - no
participant. That is: report meeting this need. A total
Purchasing power per (I)CSD to message exists Settlement
Settle79 liquidity reserve; incoming N/A N/A portfolio valuation message is being
currency Participant or currently reporting
interest/reimbursement designed in 20022 so we think this
planned
payments on Gov. Bonds; could be enhanced for this.
firm collateralisation; self
collateralisation
On line request for On line request for Participant to Not a high level The existing ISO message meets this Settlement
Settle80 MT549 N/A
Statement of transactions Statement of transactions (I)CSD gap requirement reporting
Notifies the rejection of
Feedback about rejection If this is technical then it is out of scope.
On line request for (I)CSD to Not a high level Settlement
Settle81 of On line request for MT548 N/A If not, then the statement would be
Statement of transactions Participant gap reporting
Statement of transactions returned.
in case of errors
Non-fungible securities Reports movements of
(I)CSD to Not a high level The existing ISO message meets this Settlement
Settle82 movements, with series non-fungible securities on MT536/7 N/A
Participant gap requirement reporting
number intermediaries' accounts
Requires the system to
Request for receiving an send a report regarding all Participant to Not a high level The existing ISO message meets this Settlement
Settle83 MT549 N/A
online transaction report the transactions matching (I)CSD gap requirement reporting
the indicated criteria
Feedback about the This feedback states if the
(I)CSD to Not a high level The existing ISO message can be used Settlement
Settle84 request for receiving the request has been MT548 N/A
Participant gap to provide feedback on requests. reporting
online transaction report accepted or rejected
This flow contains the
Transmission of the (I)CSD to Not a high level The existing ISO message meets this Settlement
Settle85 transactions matching the MT536/7 N/A
requested transactions Participant gap requirement reporting
indicated criteria
Report on all transactions
which are linked together (I)CSD to Not a high level Settlement
Settle86 Linked transactions report MT536 N/A More of a detailed gap in the MT536.
either by a soft link or a Participant gap reporting
hard link.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
A message is needed to
supply all the necessary
details to enable a CSD
participant to create a
transaction within their Gap - no
Transaction details
system for cases whereby (I)CSD to message exists No ISO message exists to relay all this Settlement
Settle87 information, status N/A N/A
the CSD has done a Participant or currently data to participants reporting
updates
centrally generated planned
transaction or where the
CSD participant instructed
through non-electronic
means
Indicates frequency and
time for creation in CSD
system of a standing
This has been captured as a high level
instruction for settlement. Gap - no
Standing Settlement gap as no message exists for this
Used when a participant Participant to message exists Settlement
Settle88 Instructions (Settlement N/A N/A purpose. Detailed analysis may
wishes to have the same (I)CSD or currently reporting
instruction not SSI) conclude this should be incorporated
settlement instruction planned
into the existing 15022 messages.
executed periodically
without the necessity to
reinstruct each time.
This has been captured as a high level
Report of all standing Gap - no
gap as no message exists for this
List of active Standing settlement instructions for (I)CSD to message exists Settlement
Settle89 N/A N/A purpose. Detailed analysis may
Settlement Instructions a particular participant Participant or currently reporting
conclude this should be incorporated
upon their request planned
into the existing 15022 messages.
The MT535 should meet this need. To
Overall security balance Reconciliation of positions (I)CSD to Not a high level be reviewed in overall context of Registration
Settle90 MT535 N/A
reconciliation with the registrar Registrar gap communication between CSD and reconciliation
registrar
Intra day stock account Reconciliation of positions (I)CSD to Not a high level The existing ISO message meets this Registration
Settle93 MT535 N/A
reconciliation with the registrar Registrar gap requirement reconciliation
The MT535 should meet this need. To
Provides the daily
(I)CSD to Not a high level be reviewed in overall context of Registration
Settle94 Registry updates changes to the ownership MT535 N/A
Registrar gap communication between CSD and reconciliation
of securities
registrar
On T+0 the participants Being addressed in SR 2007. The
accept that a list of trades MT530 will allow acceptance as of Oct
Participant to Trade
Settle95 Trade acceptance is theirs (legal MT530 N/A Gap - being filled 2007. If new codes are needed for this
(I)CSD acceptance
requirement). From purpose we can assess them as part of
participant to CSD. the detailed analysis.
Instructs a substitution of Participant to MT505/540/54 Not a high level The existing ISO messages meet this
Settle96 Substitution instruction N/A Collateral
collateral (I)CSD 2 gap business need
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Used for collateral
The MT505 covers the high level
Delivery/ies versus management - Participant to Not a high level
Settle97 MT505 N/A business need though there may be Collateral
delivery/ies replacement of delivery of (I)CSD gap
some detailed gaps
particular instruments
Matching reminder for Notifies that there is a
(I)CSD to Not a high level
Settle99 substitution of sec under substitution instruction MT548 N/A This reporting is covered in the MT548 Collateral
Participant gap
BdF repo that needs to be matched
Notification from the
participant to inform the
Participant to Not a high level The existing ISO message meets this
Settle100 Collateral instruction CSD that a certain MT504 N/A Collateral
(I)CSD gap business need
position should be made
available for collateral
Notification from the
participant to inform the
CSD that a certain
Participant to Not a high level The existing ISO message meets this
Settle101 Pledging position should be MT504/524 N/A Collateral
(I)CSD gap business need
pledged. In this case the
CSD has control over the
position.
Participant instructs to Participant to Not a high level This is covered in the pledging process
Settle102 Pledging MT504/524 N/A Collateral
pledge (block) securities (I)CSD gap already described on the spreadsheet.
Notifies the Payment
This is being captured as a high level
system with the securities
Gap - no gap as the CSD feels there is relatively
eligible for
Securities eligible for message exists low compatibility between their
Settle103 collateralisation. This may (I)CSD to NCB MT504? N/A Collateral
collateralisation or currently collateral management process and
also include pricing
planned that of existing ISO messages. Detailed
information. Sent from
analysis is needed.
CSD to NCB.
Notifies that the liquidity
reserve has been The existing message meets this
Settle105 Liquidity reserve increase increased due to NCB to (I)CSD N/A camt.047.001.01 Gap - being filled requirement but is not yet registered Collateral
collateralisation. From with ISO
NCB back to CSD.
Notifies the Payment
Information about system with information Not a high level The existing ISO message meets this
Settle106 (I)CSD to NCB MT506 N/A Collateral
collateral about collateral sent by gap requirement
intermediaries
Report to the Central Bank
The MT506 can be used to provide
Collateral value of a the collateral value of a Not a high level
Settle107 (I)CSD to NCB MT506 N/A collateral valuation so we don't see this Collateral
portfolio portfolio. gap
business process as a high level gap
Triparty collateral Instructs a triparty repo Participant to Not a high level The existing ISO message meets this Collateral
Settle108 MT527 N/A
instruction operation (I)CSD gap requirement triparty
Triparty collateral status Notifies unexecuted tri- (I)CSD to Not a high level The existing ISO message meets this Collateral
Settle109 MT558 N/A
and processing advice party operations Participant gap requirement triparty
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Delivery by Value
transaction input - a
collateral transaction
Participant to Not a high level The existing ISO message meets this Collateral
Settle110 Delivery By Value (DBV) offering a basket of MT527 N/A
(I)CSD gap requirement triparty
securities in return for
cash/liquidity on an
overnight basis
Instructs the modification Participant to Not a high level The existing ISO message meets this Collateral
Settle111 DBV modification MT527 N/A
of a DBV transaction (I)CSD gap requirement triparty
Instructs the cancellation Participant to Not a high level The existing ISO message meets this Collateral
Settle112 DBV cancellation MT527 N/A
of a DBV transaction (I)CSD gap requirement triparty
Notifies the details of a (I)CSD to Not a high level The existing ISO message meets this Collateral
Settle113 DBV instruction info MT558 N/A
DBV transaction Participant gap requirement triparty
Notifies the status of a (I)CSD to Not a high level The existing ISO message meets this Collateral
Settle114 DBV instruction status MT558 N/A
DBV transaction Participant gap requirement triparty
Notifies the valuation of
(I)CSD to Not a high level The existing ISO message meets this Collateral
Settle115 DBV stock valuation the stock associated with MT569 N/A
Participant gap requirement triparty
a DBV transaction
Notifies the level of
(I)CSD to Not a high level The existing ISO message meets this
Settle116 Exposure report exposure as a result of MT569/506 N/A Collateral report
Participant gap requirement
securities lending.
Contains all lending,
borrowing, futures which is (I)CSD to Not a high level The existing ISO message meets this
Settle117 Collateral report MT506/569 N/A Collateral report
currently pledged as Participant gap requirement
collateral
Instructs the settlement of
Participant to Not a high level The existing ISO message meets this
Settle118 Stock loans a loan or the borrowing of MT540-543 N/A Collateral loans
(I)CSD gap business need
a security
We propose that we leverage the
Notifies the revaluation of (I)CSD to Not a high level
Settle119 Stock loan revaluation MT558 N/A MT558 for this process. Detailed Collateral loans
open stock loans returns Participant gap
analysis required to check compatibility.
Notifies the automatically
(I)CSD to Not a high level The existing ISO message meets this
Settle120 Stock loan return info created stock loan return MT548 N/A Collateral loans
Participant gap business need
instructions
Reports holdings that are (I)CSD to Not a high level The existing ISO message meets this
Settle121 Positions report MT535 N/A Collateral loans
out on loan or borrowed Participant gap business need
Notifies the borrower that This ISO message meets the
(I)CSD to Not a high level
Settle122 Mandatory recall notices there is a mandatory recall MT520 N/A requirement. (note - it is not carried on Collateral loans
Participant gap
of securities out on loan the SWIFT network)
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Instructs a request for an
opportunity borrowing.
Opportunity borrowing is
Gap - no
General Securities where the system will There is no ISO 15022 or 20022
Participant to message exists
Settle123 Lending/Borrowing borrow if you don't have MT526 (7775) N/A equivalent of the MT526 which is a Collateral loans
(I)CSD or currently
Message the securities available. ISO7775 message
planned
Auto borrowing - system
always decides
irrespective.
Notifies the status of a Gap - no
No ISO message for this. This would be
Opportunity borrowing request for an opportunity (I)CSD to message exists
Settle124 N/A N/A an ISO15022/20022 response to the Collateral loans
processing status borrowing and for recall Participant or currently
MT526.
notices planned
Notifies the maximum
quantity - for each eligible This is being captured as a high level
security - that the user Gap - no gap as the CSD feels there is relatively
Collateral limits wishes to be taken into Participant to message exists low compatibility between their
Settle125 MT506? N/A Collateral limit
communication consideration by the (I)CSD or currently collateral management process and
settlement system for its planned that of existing ISO messages. Detailed
paying agent's purchasing analysis is needed.
power
This is being captured as a high level
Requires the settlement Gap - no gap as the CSD feels there is relatively
Request for information system to communicate Participant to message exists low compatibility between their
Settle127 MT549? N/A Collateral limit
about collateral limits the user's own collateral (I)CSD or currently collateral management process and
limits planned that of existing ISO messages. Detailed
analysis is needed.
This is being captured as a high level
Notifies that a request for Gap - no gap as the CSD feels there is relatively
Outcome of the request
information about (I)CSD to message exists low compatibility between their
Settle128 for information about MT507? N/A Collateral limit
collateral limits has been Participant or currently collateral management process and
collateral limits
received planned that of existing ISO messages. Detailed
analysis is needed.
Instructs a biparty repo Participant to Not a high level The existing ISO message meets this
Settle130 Biparty repo instruction MT541/543 N/A Repo
instruction (I)CSD gap requirement
Instructs the modification Participant to Not a high level The existing ISO message meets this
Settle131 Repo modification MT541/543 N/A Repo
of a repo instruction (I)CSD gap requirement
Instructs the cancellation
Repo modification Participant to Not a high level The existing ISO message meets this
Settle132 of the request to modify a MT541/543 N/A Repo
cancellation (I)CSD gap requirement
repo instruction
Notifies the details of the (I)CSD to Not a high level The existing ISO message meets this
Settle133 Repo return info MT548 N/A Repo
return leg of a Repo Participant gap requirement
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Notifies the various stages
of the matching and
settlement processing
Information on loan/repo (I)CSD to Not a high level The existing ISO message meets this
Settle134 routines for a repo/loan MT548 N/A Repo
instruction Participant gap requirement
instruction issued by a
member or its
counterparty.
Notifies the member
issuing repo instructions
of the outcome of the
different stages of
processing of its NCB
Information on Central (I)CSD to Not a high level The existing ISO message meets this
Settle137 transactions (tenders, MT548 N/A Repo
Bank repo instruction Participant gap requirement
bilateral transactions,
permanent marginal
lending facilities, intraday
repos)
Settlement bank and
clearing members need to
change and set settlement The existing message meets this
Set or change settlement Participant to
Settle138 headroom for underlying N/A camt.011.001.02 Gap - being filled requirement but is not yet registered Cash limits
headroom (I)CSD
clients according to their with ISO
own credit decisions on
clients
Settlement bank and
clearing members need The existing message meets this
Query settlement Participant to
Settle139 query the settlement N/A camt.009.001.02 Gap - being filled requirement but is not yet registered Cash limits
headroom (I)CSD
headroom for underlying with ISO
clients
It reports the limit of the
cap of cash of an indirect
CAPS limit and The existing message meets this
participant, administered (I)CSD to
Settle140 uncovered quantity of N/A camt.010.001.02 Gap - being filled requirement but is not yet registered Cash limits
by its agent bank, as well Participant
cash with ISO
as the uncovered quantity
of cash
Requests the actual CAP The existing message meets this
Participant to
Settle141 Query about CAPS limit (by both cash agent N/A Gap - being filled requirement but is not yet registered Cash limits
(I)CSD
and indirect participant) camt.009.001.02 with ISO
Notifies the rejection of
The existing message meets this
Feedback about rejection CAPS query in case the (I)CSD to
Settle142 N/A camt.010.001.02 Gap - being filled requirement but is not yet registered Cash limits
of CAPS query CAP limit cannot be Participant
with ISO
returned.
Request to set up and Participant to
Settle144 CAPS management N/A Gap - being filled The existing message meets this requirement Cash limits
change the CAP limit (I)CSD
camt.011.001.02 but is not yet registered with ISO.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Notifies the rejection of
Feedback about rejection CAPS management
(I)CSD to
Settle145 of CAPS management request in case the limit N/A camt.010.001.02 Gap - being filled Cash limits
Participant
request cannot be set-up or The existing message meets this requirement
modified. but is not yet registered with ISO.
Notifies that the CAP limit
has been changed
Notification of change to following the settlement of (I)CSD to
Settle146 N/A Gap - being filled Cash limits
CAP limit an instruction or Participant
processing of a request to The existing message meets this requirement
change limit. camt.010.001.02 but is not yet registered with ISO.
Request from CSD
participant to include
Instruction to registrar / Participant to Not a high level The existing ISO messages meet this
Settle149 beneficial owner on the MT500 N/A Registration
Registrar updates (I)CSD gap business need
register for newly acquired
position.
Instruction from the CSD
Request update at the (I)CSD to Not a high level The existing ISO messages meet this
Settle151 to the registrar to update MT500 N/A Registration
registrar Registrar gap business need
the registrar
Response from the
Registration request Registrar to Not a high level The existing ISO messages meet this
Settle152 registrar to reject the MT510 N/A Registration
rejection (I)CSD gap business need
registration request
Registration instruction
Response from the
confirmation from the Registrar to Not a high level The existing ISO messages meet this
Settle153 registrar to confirm the MT501 N/A Registration
registrar (I)CSD gap business need
registration request
Registration instruction
Response from the CSD
confirmation from the (I)CSD to Not a high level The existing ISO messages meet this
Settle154 to its participant to confirm MT501 N/A Registration
CSD Participant gap business need
the registration request
Participant requesting
Request to be removed Participant to Not a high level The existing ISO messages meet this
Settle156 withdrawal from the MT500 N/A Registration
from the register (I)CSD gap business need
registry
Request to transfer
securities from so called
Deregistration request Participant to MT500/524/54 Not a high level The existing ISO messages meet this
Settle157 Initial Register to N/A Registration
and transfer of securities (I)CSD 2 gap business need
securities account opened
with participant
Pre-advise - Notifies the
Advance Notice of issuer's and the
(I)CSD to The communication with the issuers is
Income and Redemption intermediary's agent Issuer
Settle159 Issuer/Issuer's MT564 N/A Gap - being filled being addressed in the new ISO 20022
payment (for agent banks with the cash communication
Agent issuer agent solution.
banks) amount they will have to
exchange
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Payment confirmation -
Instructs the issuer's and
(I)CSD to The communication with the issuers is
Payment confirmation the intermediary's agent Issuer
Settle160 Issuer/Issuer's MT566 N/A Gap - being filled being addressed in the new ISO 20022
(for agent banks) banks with the cash communication
Agent issuer agent solution.
amount they have to
exchange.
Notifies the CSD that the
Issuer/Issuer's The communication with the issuers is
issuer's agent bank is not Issuer
Settle161 Income payment refusal agent to MT564/7 N/A Gap - being filled being addressed in the new ISO 20022
going to pay the due cash communication
(I)CSD issuer agent solution.
amount.
Notifies the issuer's agent
bank that its income (I)CSD to The communication with the issuers is
Income payment refusal Issuer
Settle162 payment refusal has been Issuer/Issuer's MT567 N/A Gap - being filled being addressed in the new ISO 20022
confirmation communication
successfully received by Agent issuer agent solution.
the CSD.
Communication from
Issuer/Issuer's The communication with the issuers is
Corporate Actions issuer to CSD to spread Issuer
Settle163 agent to MT564 N/A Gap - being filled being addressed in the new ISO 20022
announcement information on issuer's communication
(I)CSD issuer agent solution.
corporate actions
Notifies issuers on stock
movement and on (I)CSD to The communication with the issuers is
Notification on corporate Issuer
Settle164 corporate actions Issuer/Issuer's N/A N/A Gap - being filled being addressed in the new ISO 20022
action instructions communication
instructions sent by Agent issuer agent solution.
participants
There are two processes here. The first
The Issuer / Issuer's Agent
is the communication between issuer
sends the amount to be
agent and CSD which is a gap that is
redeemed and the CSD
Drawing/redemption (I)CSD to being filled with a new ISO 20022 Issuer
Settle167 calculate the percentage MT564/8 N/A Gap - being filled
administration Participant solution. The second which is the communication
to be redeemed. Resultant
communication of the percentage to the
information is confirmed
market can be handled via 15022 CA
and publicised
messaging.
CSD notifies the
General Corporate Action announcement of a (I)CSD to Not a high level The existing ISO messages meet this CA
Settle168 MT564/568 N/A
(CA) announcement corporate action to its Participant gap business need announcement
participants
CSD notifies the
CA announcement for announcement of a (I)CSD to Not a high level The existing ISO messages meet this CA
Settle169 MT564/568 N/A
holders of security corporate action to its Participant gap business need announcement
entitled participants
Notifies that a CA
(I)CSD to Not a high level The existing ISO messages meet this CA
Settle170 CA reminder instruction has not yet MT564 N/A
Participant gap business need announcement
been received
Confirms the outcome of a
CA event which results in (I)CSD to Not a high level The existing ISO messages meet this
Settle171 CA confirmation MT566 N/A CA reporting
a movement of cash Participant gap business need
or/and stock.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Reports the positions in
Escrow positions (I)CSD to Not a high level The existing ISO messages meet the
Settle172 an escrow account. UK MT535 N/A CA reporting
statement Participant gap requirements
market specific.
Reports the postings in an
Escrow postings (I)CSD to Not a high level The existing ISO messages meet the
Settle173 escrow account. UK MT535 N/A CA reporting
statement Participant gap requirements
market specific.
Adjustment of a position in
Participant to MT508/524/53 Not a high level The existing ISO messages meet the
Settle174 Escrow adjustment an escrow account. N/A CA general
(I)CSD 8 gap requirements
Specific to UK market.
Instructs the movement
from an escrow agent's
account back to the
originating members
Receiving agent escrow Participant to MT508/524/53 Not a high level The existing ISO messages meet the
Settle175 account (used by escrow N/A CA general
account instruction (I)CSD 8 gap requirements
agents to return stock to
members after a corporate
action). Specific to UK
market.
A corporate action is
required when there is a This process describes the merging of
Funds revaluation change in value of a fund (I)CSD to Not a high level funds following a revaluation and this
Settle176 MT564/8 N/A CA general
corporate action which results in 1 or more Participant gap merging can be handled via existing
funds being merged via 15022 messaging.
CA process.
Advise on the creation of
(I)CSD to Not a high level The existing ISO messages meet this CA Market
Settle177 CA Market claim advice a market claim as a result MT564 N/A
Participant gap business need. Claims
of a corporate action
CA Market claim (I)CSD to Not a high level The existing ISO messages meet this CA Market
Settle178 Execution of a claim MT566 N/A
execution Participant gap business need Claims
Cancellation of the claim
CA market claim (I)CSD to Not a high level The existing ISO messages meet this CA Market
Settle179 by the CSD and sent to MT564 N/A
cancellation by the CSD Participant gap business need. Claims
the participant
Cancellation/deletion of a The existing ISO messages meet this
CA Market claim deletion Participant to Not a high level CA Market
Settle180 claim by the participant to MT565 N/A business need though detailed analysis
request (I)CSD gap Claims
the CSD. is needed to confirm.
CA Market claim The existing ISO messages meet this
Process a transformation Participant to Not a high level CA Market
Settle181 transformation election MT565 N/A business need though detailed analysis
affecting a claim (I)CSD gap Claims
(buyer protection) is needed to confirm.
We don't think there is a high level gap
Transformation of a CA Not a high level CA Market
Settle182 Transformation of a claim MT565 N/A here and that existing ISO messages
Market claim gap Claims
can be used.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
There is no message to cover cash and
securities together though the 15022
Report of outstanding
Report of outstanding CA (I)CSD to Not a high level message may cover the securities part CA Market
Settle183 claims. This covers both MT537 camt.006.001.02
Market claim Participant gap and the 20022 message the cash part. Claims
cash and securities.
Detailed analysis needed though not
captured as a high level gap at present.
Gap - no
Allows the participant to
Participant to message exists CA Market
Settle184 CA Market claim split instruct the CSD to split on N/A N/A There is no ISO message for this.
(I)CSD or currently Claims
the claim
planned
Allows the CSD participant
Being addressed in SR 2007. The
CA Market claim priority to instruct a change in Participant to CA Market
Settle185 MT530 N/A Gap - being filled MT530 caters for this and will be
change priority for the treatment of (I)CSD Claims
available in Oct 2007.
the claim
Notifies the processing
(I)CSD to Not a high level The existing ISO messages meet the CA Market
Settle186 Claim status status of a pending market MT567 N/A
Participant gap requirements Claims
claim
Coupon compensation - Confirms the coupon (I)CSD to Not a high level The existing ISO messages meet the CA Market
Settle187 MT566 N/A
Market claims compensation paid. Participant gap requirements Claims
CA instructions to a
voluntary event or a Participant to Not a high level The existing ISO messages meet the
Settle188 CA instructions MT565 N/A CA instruction
mandatory event with (I)CSD gap requirements
options
CA instruction Instructs the cancellation Participant to Not a high level The existing ISO messages meet the
Settle190 MT565 N/A CA instruction
cancellation of a CA instruction (I)CSD gap requirements
Notifies the sender of a
(I)CSD to Not a high level The existing ISO messages meet the
Settle191 Valid CA instructions CA instruction that it is a MT567 N/A CA instruction
Participant gap requirements
valid one
Notifies the sender of a
(I)CSD to Not a high level The existing ISO messages meet the
Settle192 Rejected CA instructions CA instruction that it is MT567 N/A CA instruction
Participant gap requirements
rejected
Notifies the sender of a
(I)CSD to Not a high level The existing ISO messages meet the
Settle193 Cancelled CA instructions CA instruction that it is MT567 N/A CA instruction
Participant gap requirements
cancelled
Individual principle and
coupon payments are
Coupon Unstripping on Participant to Not a high level The existing ISO messages meet this
Settle194 reconstructed back into a MT565 N/A CA instruction
Government Bonds (I)CSD gap business need
standard fixed interest
bearing government bond
Instruction to allow the
Receiving agent escrow change of an option
Participant to Not a high level The existing ISO messages meet the
Settle195 accept/reject instruction (during a corporate action) MT565 N/A CA instruction
(I)CSD gap requirements
& cancellation within an escow account.
UK market specific.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Application / search of
Application for advanced application / cancellation
Participant to Not a high level The existing iso messages meet this
Settle197 payment (early of application for MT565 N/A CA instruction
(I)CSD gap business need
redemption) advanced payment for
bonds
Gap - no
Advise to participant on
(I)CSD to message exists There is no appropriate way to handle
Settle198 IPO creation the creation of securities N/A N/A CA instruction
Participant or currently IPO process with ISO messages
from an IPO.
planned
Application / search of
application / cancellation Gap - no
Subscription/application of application of Participant to message exists There is no appropriate way to handle
Settle199 N/A N/A CA instruction
to IPO for bonds participant for a number of (I)CSD or currently IPO process with ISO messages
bonds relating to a new planned
IPO of bonds.
Modification of a CA
instruction (Example -
participant has an
instruction (inx) for 100 Gap - no
There is no modification process for CA
CA Instruction and wishes to instruct on Participant to message exists
Settle202 N/A N/A instructions other than cancel and CA instruction
modification 400 more. Participant (I)CSD or currently
replace.
doesn't cancel the 100 but planned
sends an inx for 500 which
overrides the 100)
The CA instruction from The existing MT565 should meet this
Transformation option Participant to Not a high level CA
Settle203 the receiving agent of a MT565 N/A high level need though further detailed
instruction (I)CSD gap transformation
transformation movement analysis is needed.
Deletes a corporate action The existing MT565 should meet this
Transformation option Participant to Not a high level CA
Settle204 option from the associated MT565 N/A high level need though further detailed
cancellation (I)CSD gap transformation
transaction analysis is needed.
Instructs the association
There may be a detailed gap here but it
Transformation option of a transaction and a Participant to Not a high level CA
Settle205 MT565 N/A is not a high level gap. Further
details corporate action option (I)CSD gap transformation
discussion with the CSD is needed.
number
Notifies the deletion of
unsettled instructions and
Automatic transformation (I)CSD to Not a high level Not a high level gap though further CA
Settle206 the creation of new MT548 / 567 N/A
notification Participant gap analysis is needed. transformation
instructions related to
transformations
This activity is to advise
the counterparty that the Gap - no
Further analysis is needed though at
Transformation buyer has sent a (I)CSD to message exists
Settle207 N/A N/A this stage we feel it may be a high level
allegement corporate action Participant or currently
gap
instruction on the position planned
they will be receiving
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
CSD calculates the
interest for bonds,
mortgage rate. This would CSD clarified this to be the calculation
be traditionally done by of the income dividend and resulting
the issuers but it’s a (I)CSD to Not a high level communication to the market. The
Settle208 Interest computation MT564/8 N/A CA income
service which some CSDs Participant gap former is simply a process and the
are responsible for. This is latter can be handled via 15022 CA
communicated back to the messages.
participants as well as the
number of days.
Stripping is the process of
breaking down standard
Coupon Stripping on fixed interest bearing Participant to Not a high level The existing ISO messages meet the
Settle209 MT565 N/A CA income
Government Bonds government bonds into (I)CSD gap requirements
their individual principal
and coupon payments
Notifies a CSD participant
Advance Notice of (I)CSD to Not a high level The existing iso messages meet this
Settle210 of a future income or MT564 N/A CA income
Income and Redemption Participant gap business need
redemption payment
CSD confirms the
principal repayment,
(I)CSD to Not a high level The existing iso messages meet this
Settle211 Income confirmation interest and dividend MT566 N/A CA income
Participant gap business need
payments on securities
held to its participants
Though the scope of the MT568 does
CSD notifies the status of
(I)CSD to Not a high level not cater specifically for this at present,
Settle212 Tax certificate status a tax certificate to its MT568 N/A Tax
Participant gap we believe this is the right message to
participants
use.
CSD Notifies the status on
Detailed analysis of the MT567 required
Tax reclaims processing any claim for refund of (I)CSD to Not a high level
Settle213 MT567 N/A as it may need to be enhanced for this Tax
status withholding tax to its Participant gap
process
participants
From CSD to participants.
CSD confirms the claims If the closure of the claim results in a
for refund of withholding (I)CSD to Not a high level payment then this could be confirmed
Settle214 Closed tax claims MT566/7 N/A Tax
tax which are closed and Participant gap via MT566. If no payment, then report
do not require further closure via MT567
processing.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
From CSD to participants.
CSD aggregate the Specific to the Polish market but we
Request for information information received and (I)CSD to Not a high level would anticipate this being handled via
Settle215 MT568 N/A Tax
about tax refund amount then make the request to Participant gap MT568 and not need a new message
the issuer for the amount for this purpose.
needed
Response from participant As this message provides complex
Participant to Not a high level
Settle216 Tax refund amount to CSD on the request for MT568 N/A instructions and narrative it could be Tax
(I)CSD gap
tax refund amount used for this purpose.
From CSD to participants.
Requests documentation (I)CSD to Not a high level Using the CERT event type in the
Settle217 Certification request MT564 N/A Tax
required to support Participant gap MT564.
certification.
From CSD back to
Tax refund amount participant after the (I)CSD to Not a high level The existing ISO message meets this
Settle218 MT566 N/A Tax
payment confirmation payment has been made Participant gap business need
in their NCB account.
From CSD to participants. The existing ISO 15022 messages
Notifies the (I)CSD to Not a high level meet this business need and 20022 Proxy
Settle219 Meeting announcements MT564/8 seev.001.001.01
announcement of a Participant gap messages are developed but not yet announcement
meeting. registered with ISO.
The existing ISO 15022 messages
From CSD to participants.
Meeting announcement (I)CSD to Not a high level meet this business need and 20022 Proxy
Settle220 Notifies the modification of MT564 seev.001.001.01
modification Participant gap messages are developed but not yet announcement
a meeting announcement
registered with ISO.
The existing ISO 15022 messages
From CSD to participants.
Meeting announcement (I)CSD to Not a high level meet this business need and 20022 Proxy
Settle221 Notifies the cancellation of MT564 seev.002.001.01
cancellation Participant gap messages are developed but not yet announcement
a meeting announcement
registered with ISO.
From CSD to Issuer/Issuer
Agent. Notifies the
The existing ISO 15022 messages
balances of accounts (I)CSD to
Not a high level meet this business need and 20022 Proxy
Settle222 Meeting entitlement belonging to participants Issuer/Issuer's MT564 seev.003.001.01
gap messages are developed but not yet announcement
who are involved with a agent
registered with ISO.
vote in relation to a
meeting resolution.
Instructs the name and The existing ISO 15022 messages
Meeting instruction address sets of investors Participant to Not a high level meet this business need and 20022 Proxy
Settle223 MT565 seev.004.001.01
(investor details) associated with a Proxy (I)CSD gap messages are developed but not yet instruction
Instruction. registered with ISO.
The existing ISO 15022 messages
Instructs on a meeting Participant to Not a high level meet this business need and 20022 Proxy
Settle224 Meeting Instruction (vote) MT565 seev.004.001.01
resolution. (I)CSD gap messages are developed but not yet instruction
registered with ISO.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
The existing ISO 15022 messages
Meeting instruction Instructs the amendment Participant to Not a high level meet this business need and 20022 Proxy
Settle225 MT565 seev.004.001.01
modification of a proxy instruction (I)CSD gap messages are developed but not yet instruction
registered with ISO.
The existing ISO 15022 messages
Meeting instruction Requests the cancellation Participant to Not a high level meet this business need and 20022 Proxy
Settle226 MT565 seev.005.001.01
Cancellation of a proxy instruction (I)CSD gap messages are developed but not yet instruction
registered with ISO.
The existing ISO 15022 messages
Confirms that the
Cancellation instruction (I)CSD to Not a high level meet this business need and 20022 Proxy
Settle227 cancellation instruction MT567 seev.006.001.01
confirmation Participant gap messages are developed but not yet instruction
was processed.
registered with ISO.
The existing ISO 15022 messages
Notifies the details of an
(I)CSD to Not a high level meet this business need and 20022 Proxy
Settle228 Meeting instruction status instruction, including its MT567 seev.006.001.01
Participant gap messages are developed but not yet instruction
status and history.
registered with ISO.
The existing ISO 15022 messages
Confirms the outcome of a (I)CSD to Not a high level meet this business need and 20022
Settle231 Meeting results MT568 seev.008.001.01 Proxy reporting
meeting. Participant gap messages are developed but not yet
registered with ISO.
Request to specify the
Issuer/Issuer's
Request message for the securities and the date for Not a high level The existing iso messages meet this
Settle232 agent to N/A seev.001.001.01 Proxy
list of owners which the info needs to be gap business need
(I)CSD
provided.
The existing ISO 15022 messages
Request for breakdown Requests a breakdown of (I)CSD to Not a high level meet this business need and 20022
Settle234 MT564 N/A Proxy
of holders holders. Participant gap messages are developed but not yet
registered with ISO.
The existing ISO 15022 messages
US tax beneficial
Instructs the breakdown of Participant to Not a high level meet this business need and 20022
Settle244 ownership breakdown of MT565 N/A Proxy
beneficial ownership. (I)CSD gap messages are developed but not yet
holdings.
registered with ISO.
Participant/issuer asked
for a report from the CSD
of the accounts and their Participant or
Query account owner Not a high level The existing iso messages meet this
Settle247 respective participants Issuer to N/A seev.003.001.01 Proxy
information gap business need
before allowing the IPO to (I)CSD
be processed to those
accounts
The 20022 message meets this
Report on dividends paid Report on dividends paid
(I)CSD to requirement but it is not yet registered
Settle248 by issuer for certain by issuer for certain MT566 camt.004.001.02 Gap - being filled Cash
Participant with ISO and codes need to be added
security for a period security for a period
for custody operations.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
The Bank to Customer Debit
Gap - no
Advance notice of fees for notification may meet this need and is
(I)CSD to message exists
Settle249 Fees pre-advice participants to be N/A N/A under development. Detailed analysis Cash
Participant or currently
deducted at the CSD. needed to ensure it has the correct
planned
content to reflect this process
Bank to Customer Statement and
Gap - no
Reports lending and Account Report message is under
(I)CSD to message exists
Settle250 Fees report borrowing fees for the N/A N/A development. Detailed analysis Cash
Participant or currently
participant at the CSD. required to ensure it meets this
planned
business need.
The 20022 message meets this
Cash balances that will be
(I)CSD to requirement but it is not yet registered
Settle251 Cash settlement report debited or credited as a N/A camt.004.001.02 Gap - being filled Cash
Participant with ISO and codes may need to be
result of settlement.
added .
From CSD to participant. The 20022 message meets this
Report all cash payments (I)CSD to requirement but it is not yet registered
Settle252 Cash payments report N/A camt.006.001.02 Gap - being filled Cash
(transactions) per Participant with ISO and codes may need to be
account/client. added .
Advises the participants
on the forecasted impact The 20022 message meets this
of settlement (or income, (I)CSD to requirement but it is not yet registered
Settle253 Cash forecast N/A camt.004.001.02 Gap - being filled Cash
fees etc…) on the cash Participant with ISO and codes may need to be
balance of the participant added .
at the NCB.
Sent from CSD to
participant. May be per The 20022 message meets this
currency and per indirect (I)CSD to requirement but it is not yet registered
Settle257 Multilateral cash balances N/A camt.004.001.02 Gap - being filled Cash
participant (using an agent Participant with ISO and codes may need to be
bank for cash), and added .
uncovered quantity of cash
Allows users to retrieve Gap - no
Issuer security Reference details of the securities Participant to message exists Securities
Settle266 N/A N/A There is no ISO message for this.
data that currently exist for a (I)CSD or currently reference data
specified Issuer. planned
Allows an IPA to retrieve
the details of the Issuance
message data that was Gap - no
Issuer/Issuer's
Money market instrument used to create an MMI message exists Securities
Settle267 agent to N/A N/A There is no ISO message for this.
(MMI) Issuance Details security, including details or currently reference data
(I)CSD
of coupon payments planned
associated with the
security
Floating rate note interest Notifies the interest rate of (I)CSD to Not a high level Securities
Settle269 MT564 N/A Can be supplied via MT564.
rate fixing an FRN for the next period Participant gap reference data
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Provides the current
interest rate applicable per Gap - no
currency, foreign (I)CSD to message exists Securities
Settle270 Provision of rates N/A N/A There is no ISO message for this.
exchange rates, discount Participant or currently reference data
rates for MMI calculation planned
etc..
Securities collateral Notifies the collateral (I)CSD to Not a high level The existing ISO message can meet Securities
Settle274 MT506 N/A
valuation value of a security Participant gap this business need. reference data
Notifies the securities
Gap - no
eligible for cross border
(I)CSD to message exists Securities
Settle276 Security eligibility settlement, for CCP, for N/A N/A There is no ISO message for this.
Participant or currently reference data
settlement at the CSD,
planned
NCB operations etc..
Notifies the details of the Gap - no
constituent interest and (I)CSD to message exists Securities
Settle278 Strip cross references N/A N/A There is no ISO message for this.
maturity stocks related to Participant or currently reference data
a given strippable stock planned
Gap - no
Composition of indexes
Notifies the composition of (I)CSD to message exists Securities
Settle279 for the exchange traded N/A N/A There is no ISO message for this.
a tracker. Participant or currently reference data
funds (ETF)
planned
A message to allow an
issuing paying agent (IPA)
or issuing agent (IA) to
Gap - no
communicate the required Issuer/Issuer's
message exists Securities
Settle282 New security Issuance data to create a new agent to N/A N/A
or currently reference data
security on the market (I)CSD
planned
infrastructure platform. It
may or may not include an
isin code. There is no ISO message for this process.
This message is required
to update the IPA or IA
that their request to issue
a new security has been
Gap - no
successful or (I)CSD to
New security issuance message exists Securities
Settle283 unsuccessful. The Issuer/Issuer's N/A N/A
response or currently reference data
message will also be agent
planned
required to include details
of the ISIN code that has
been allocated (if
appropriate). There is no ISO message for this process.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
A message to allow an
issuing paying agent (IPA)
Gap - no
or issuing agent (IA) to Issuer/Issuer's
New security Issuance message exists Securities
Settle284 communicate the agent to N/A N/A
Modification or currently reference data
modification of a new (I)CSD
planned
security on the market
infrastructure platform. There is no ISO message for this process.
A message to allow an
issuing paying agent (IPA)
Gap - no
or issuing agent (IA) to Issuer/Issuer's
New security Issuance message exists Securities
Settle285 communicate the agent to N/A N/A
Cancellation or currently reference data
modification of a new (I)CSD
planned
security on the market
infrastructure platform. There is no ISO message for this process.
This message allows an
issuing paying agent IPA
to request from the local Gap - no
Issuer/Issuer's
Request of ISIN code CSD a range of ISIN message exists Securities
Settle286 agent to N/A N/A
reservation codes. These codes will or currently reference data
(I)CSD
then be used by the IPA planned
when issuing new money
market instruments. There is no ISO message for this process.
Report ISIN allocation to
National Numbering From CSD to NNA. As per
Agency NNA/ANNA CSD's requirement to be
able to reserve a block of
ISIN codes, this message
will be required to notify
Gap - no
back to the NNA when a
message exists Securities
Settle291 delegated ISIN code has (I)CSD to NNA N/A N/A
or currently reference data
actually been allocated to
planned
a new security. It will be
required to contain details
of the new security within
it and will be sent from the
CSD to the local NNA.
There is no ISO message for this process.
From CSD to Participants.
Gap - no
Communication to
Security reference data (I)CSD to message exists Securities
Settle292 participants on the N/A N/A
communication Participant or currently reference data
attributes of a particular
planned
security.
There is no ISO message for this process.
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
Notification to issuers or
participants about ISIN
code registration into Gap - no
(I)CSD to
Notification of ISIN code Custody system. It tells message exists There are no ISO messages to Securities
Settle294 Issuer or N/A N/A
registration them that registration of or currently communicate this process reference data
Participant
that ISIN within the planned
custody system has been
made.
Notifies the ISIN codes of Gap - no
List of securities admitted domestic or foreign (I)CSD to message exists There are no ISO messages to Securities
Settle296 N/A N/A
to custody securities admitted to Participant or currently communicate this process reference data
custody planned
Instruction containing The 20022 message meets this
Instruction to open an sufficient and required Participant to requirement but it is not yet registered Client
Settle299 N/A acmt.001.001.01 Gap - being filled
account information in order to (I)CSD with ISO and codes may need to be reference data
open an account. added .
The 20022 message meets this
Instructs change of
Instruction to modify an Participant to requirement but it is not yet registered Client
Settle301 information on the account N/A acmt.003.001.01 Gap - being filled
account (I)CSD with ISO and codes may need to be reference data
details at the servicer
added .
There is no message to close an
Request to close account, Participant to account. The 20022 message can be Client
Settle306 Account close request N/A acmt.001.001.01 Gap - being filled
put on hold operations (I)CSD used to open an account but it is not yet reference data
registered with ISO.
Message from a
participant saying that
they want to establish a
relationship within the
CSD with another The 20022 message can be used to
Relationship between Participant to Client
Settle309 participant. This allows N/A Gap - being filled establish relationships though not this
participants (I)CSD reference data
certain functions to exist particular type of relationship at present.
between the participants
ie, direct transfer of
positions for one investor
between participants camt.015.001.01
Gap - no
Authorize participant to Participant to message exists There is no ISO message for this Client
Settle310 Authorize participant N/A N/A
access investor account (I)CSD or currently process. reference data
planned
Gap - no
Deauthorize participant to Participant to message exists There is no ISO message for this Client
Settle311 Deauthorize participant N/A N/A
access investor account (I)CSD or currently process. reference data
planned
Report sent to account The 20022 message meets this
owners on the reference (I)CSD to requirement but it is not yet registered Client
Settle312 Report account details N/A Gap - being filled
data related to their Participant with ISO and codes may need to be reference data
accounts acmt.002.001.01 added .
External Sender and
Activity Name/function Activity Scope 15022 20022 Status Explanation Category
Ref Receiver
The 20022 message meets this
Status of the request to
(I)CSD to requirement but it is not yet registered Client
Settle313 open or modify account N/A acmt.006.001.01 Gap - being filled
Account opening/ Participant with ISO and codes may need to be reference data
details
modification status added .
List of participants to the
The 20022 message meets this
matching/clearing and
List of participants and (I)CSD to requirement but it is not yet registered Client
Settle315 routing system and N/A Gap - being filled
securities Participant with ISO and codes may need to be reference data
settlement system sent
added .
from CSD to its participant
camt.014.001.01
Status of reconciliation
May require an enhancement to the
sent by CSD back to
Status of members' (I)CSD to Not a high level scope of the MT535. This is specific to Settlement
Settle320 participant where the CSD MT535 N/A
statement Participant gap Poland so need to fit it within existing reporting
reconciles on behalf of its
messages
participant.
Processing status of The 20022 Return business info
Processing status of
daytime cash settlement (I)CSD to message should cover this high level
Settle327 daytime cash settlement N/A camt.021.001.01 Gap - being filled Admin
in NCB is reported to the Participant requirement though it is not yet
in NCB
CSD participants registered with ISO.
It will include details of the
individual diary event
(examples deadlines
relating to settlement
cycles, opening and
closure of system for The Return Business Day information
settlement etc..) as well as message which is part of the cash
an update on its status. management 20022 messages seems
Timetable details (diary (I)CSD to
Settle330 Upon any change in status N/A camt.019.001.02 Gap - being filled to meet this high level requirement. It is Admin
events) Participant
of a diary event, this not yet registered with ISO. Detailed
message will be sent to analysis is needed with the CSDs to
requesting participants. ensure it can meet their needs.
Participants will then be
able to, should they so
wish, use these messages
to then drive their own
system diary.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Item dropped
Trade execution End of day trade execution (I)CSD to after further Trade
Settle10 N/A N/A Activity removed
report report Participant conversations affirmation
with the CSD
Reports the securities and
cash balance carried out on
the Monthly Settlement
market from the first day of
Item dropped
liquidation, taking into
Statement of (I)CSD to MT535/536/575 after further Trade
Settle11 account corporate actions N/A Activity removed
liquidation notice Participant ? conversations affirmation
(CA/Flows), by security, by
with the CSD
pair of participants, by pair
of currencies, by quantity
unit and by theoretical
settlement date
Duplicate of
Participant Settlement
Settle14 Request to freeze MT540-543 N/A Activity removed existing item on
to (I)CSD instructions
spreadsheet
Covered in
Reports which instructions (I)CSD to linking Settlement
Settle23 Linking instruction MT540-543 N/A Activity removed
are linked together Participant instruction within instructions
the MT540-3
messages.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Further
explanation from
the CSD has
revealed the gap
within this to be
Conceal, acceptance, the response to
conceal acceptance, an allegement in
refusal of acceptance, Participant the case of the Settlement
Settle29 Technical operations N/A N/A Activity removed
additional information to (I)CSD participant instructions
pertain to any indicated rejecting it. This
instructions., is described and
captured as a
gap in the
accept/reject
allegement
process.
A number of
gaps were
raised by Russia
Confirmation of but we have
settlement for a been unable to Settlement
Settle36 ? N/A N/A need more info
transaction to the get the additional instructions
clearing Bank information
needed to
conclude this
analysis
Statement of
Covered in
holdings for all Reports securities holdings (I)CSD to Settlement
Settle62 MT535 N/A Activity removed statement of
instrument types with values Participant reporting
holdings
(with price)
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Reports a summary, in the
form of global counters, of
Dropped after
Number of the messages concerning
(I)CSD to further Settlement
Settle68 instructions the member that have been N/A N/A Activity removed
Participant discussions with reporting
processed processed by the matching
the CSD
and settlement system
during the day.
This could be
Changed stock covered in the
Reconciliation of positions (I)CSD to Registration
Settle91 accounts MT535 N/A Activity removed overall position
with the registrar Registrar reconciliation
reconciliation reconciliation
with the registrar.
Covered in
Overall security
All stock account Reconciliation of positions (I)CSD to Registration
Settle92 MT535 N/A Activity removed balance
reconciliation with the registrar Registrar reconciliation
reconciliation
process
Covered in
Used for collateral delivery versus
Delivery/ies versus management - replacement Participant delivery process
Settle98 MT505, N/A Activity removed Collateral
delivery/ies of delivery of particular to (I)CSD already
instruments described on the
spreadsheet
Covered in
MT504
Notifies the payment system securities
Securities eligible for
with the securities actually (I)CSD to eligible for
Settle104 collateralisation and N/A N/A Activity removed Collateral
eligible for collateralisation NCB collateralisation
prices
and their current prices process already
described on the
spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is covered
in the outcome
of the request for
Notifies that a collateral information
Collateral limits (I)CSD to
Settle126 limits communication has MT507 N/A Activity removed about collateral Collateral limit
received Participant
been successfully received limits process
already
described on the
spreadsheet.
This is covered
in the collateral
Contains the information limits
Collateral limits (I)CSD to
Settle129 about collateral limits, MT506? N/A Activity removed communication Collateral limit
information Participant
required by the user process already
described on the
spreadsheet.
Dropped after
Notifies the list/details of the
Repo instruction (I)CSD to further
Settle135 Repos for a given search N/A N/A Activity removed Repo
details Participant discussions with
criteria
the CSD
Notifies a member
representing a submember Dropped after
Information on
of events regarding a (I)CSD to further
Settle136 submember's N/A N/A Activity removed Repo
repo/loan instruction issued Participant discussions with
loan/repo instruction
by one of those the CSD
submembers.
Covered in CAP
Reports the actual CAPS
Answer to CAPS (I)CSD to limit and
Settle143 limit of the inquiring N/A Activity removed Cash limits
query Participant uncovered cash
participant
amount message
camt.010.001.02
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Notifies the Participant
Covered in
operated by the Agent Bank
Notification for (I)CSD to Notification of
Settle147 that the CAP has been N/A Activity removed Cash limits
indirect participant Participant change to CAP
changed following the
limit
settlement of an instruction
camt.010.001.02
Covered in
Reports balances where the
messages
stock account is linked to a (I)CSD to
Settle148 Cap Balances N/A camt.010.001.02 Activity removed relating to CAPs Cash limits
cap administered by the Participant
management
specified bank.
and reporting
This is covered
From customer to CSD in the instruction
Instruction to register Participant
Settle150 requesting to have the MT500 N/A Activity removed to register Registration
shares to (I)CSD
position registered process already
on spreadsheet
Covered in
(I)CSD to registration flows
Settle155 Registrar adjustments N/A N/A Activity removed Registration
Registrar already on
spreadsheet
A number of
gaps were
raised by Russia
but we have
Information report
been unable to
Settle158 about Issuer or N/A N/A need more info Registration
get the additional
Registrar
information
needed to
conclude this
analysis
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Same flow as
Advance notice of Notifies issuers on a future (I)CSD to Issuer
Advance notice
Settle165 corporate actions corporate actions-related Issuer/Issue MT564 N/A Activity removed communicatio
of Income
payment payment r's Agent n
payment
Notifies issuers on (I)CSD to Same flow as Issuer
Corporate Actions
Settle166 corporate actions-related Issuer/Issue MT566 N/A Activity removed Income payment communicatio
payment confirmation
payment r's Agent confirmation n
Covered in
Voluntary CA Instructs on a CA elective Participant MT565 items
Settle189 MT565 N/A Activity removed CA instruction
instruction event to (I)CSD already on
spreadsheet
Application / search of Covered in
application / cancellation of application to
Subscription/applicati application of participant for Participant IPO for bonds
Settle196 N/A N/A Activity removed CA instruction
on to IPO for bonds a number of bonds relating to (I)CSD already
to a new IPO of bonds. described on the
From participant to CSD. spreadsheet.
A number of
gaps were
raised by Russia
Registration of
but we have
standard settlement
been unable to
Settle200 instructions for ? N/A N/A need more info CA instruction
get the additional
income and
information
redemption payments
needed to
conclude this
analysis
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
A number of
gaps were
Confirmation of raised by Russia
registration of but we have
standard settlement been unable to
Settle201 ? N/A N/A need more info CA instruction
instructions for get the additional
income and information
redemption payments needed to
conclude this
analysis
Covered in the
meeting
Notifies that an instruction
Valid proxy (I)CSD to instruction status Proxy
Settle229 received from the MT567 seev.006.001.01 Activity removed
instructions Participant process already instruction
participant is valid.
described on the
spreadsheet
Covered in the
meeting
Notifies that the instruction (I)CSD to instruction status Proxy
Settle230 Rejected instructions MT567 seev.006.001.01 Activity removed
was rejected Participant process already instruction
described on the
spreadsheet
Covered in
request for list of
Specify the securities and Issuer/Issue
Request message for owners message
Settle233 the date for which the info r's agent to MT564 N/A Activity removed Proxy
the list of owners already
needs to be provided (I)CSD
described on the
spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Covered in
meeting
entitlement
process already
on the
spreadsheet.
Provide a list of the Provides owner and holding
Participant Message may
Settle235 owners for specific information on a specific MT565 seev.003.001.01 Activity removed Proxy
to (I)CSD need
securities they hold security per a specific date
enhancement so
that info
provided is not
necessarily
linked to a
meeting.
Covered in
meeting
entitlement
process already
on the
spreadsheet.
Provide a list of the Provides owner and holding
Participant Message may
Settle236 owners for specific information on a specific MT565 seev.003.001.01 Activity removed Proxy
to (I)CSD need
securities they hold security per a specific date
enhancement so
that info
provided is not
necessarily
linked to a
meeting.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
seev.003.001.01 Covered in
meeting
entitlement
process already
Information about
on the
owners of financial
spreadsheet.
instruments, who (I)CSD to
Message may
Settle237 have locked financial Issuer/Issue MT564 Activity removed Proxy
need
instruments to r's agent
enhancement so
financial instrument
that info
owners' meeting
provided is not
necessarily
linked to a
meeting.
seev.003.001.01 Covered in
meeting
entitlement
process already
Information about on the
owners of financial spreadsheet.
(I)CSD to
instruments and Message may
Settle238 Issuer/Issue MT564 Activity removed Proxy
persons, in whose need
r's agent
holding financial enhancement so
instruments are. that info
provided is not
necessarily
linked to a
meeting.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Covered in
meeting
Provide list of attendees to (I)CSD to instruction with
List of attendances to
Settle239 general meeting, including Issuer/Issue N/A seev.004.001.01 Activity removed investor details Proxy
GM
representatives r's agent already
described on the
spreadsheet.
Covered in
meeting
Provides owner and holding (I)CSD to instruction with
Settle240 List of shareholders information on a specific Issuer/Issue MT565 seev.003.001.01 Activity removed investor details Proxy
security per a specific date r's agent already
described on the
spreadsheet.
This is covered
in the meeting
Provide list of attendees to (I)CSD to
List of attendances to instruction
Settle241 general meeting, including Issuer/Issue N/A seev.004.001.01 Activity removed Proxy
GM process already
representatives r's agent
described on the
spreadsheet
This is covered
in the meeting
Certification to attend Notifies the issuer with the (I)CSD to
instruction
Settle242 the shareholders' list of the names of the Issuer/Issue N/A seev.004.001.01 Activity removed Proxy
process already
meeting participants to the meeting r's agent
described on the
spreadsheet
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
List of eligible
This is covered
shareholders
in the meeting
(information from
instruction
Settle243 Nominee to the ? MT564/5 seev.003.001.01 ?Activity removed Proxy
process already
Registrar about
described on the
eligible shareholders
spreadsheet
serviced by Nominee)
Covered in proxy
messages for
Provides issuers a precise (I)CSD to
meeting
Settle245 TPI picture of their shareholders Issuer/Issue N/A seev.003.001.01 Activity removed Proxy
entitlement
at a given date r's agent
already on the
spreadsheet
A number of
gaps were
raised by Russia
but we have
Information report on (I)CSD to been unable to
Settle246 N/A N/A need more info Proxy
Meetings for a period Participant get the additional
information
needed to
conclude this
analysis
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is covered
in the cash
Cash balances per Report of outstanding cash settlement and
(I)CSD to
Settle254 currency/securities balances to participants N/A camt.004.001.02 Activity removed cash payments Cash
Participant
account (including fees) reports already
in the
spreadsheet.
There is already
CSD to participant. Report
a gap captured
on dividends paid by issuer (I)CSD to
Settle255 Dividends paid report N/A camt.004.001.02 Activity removed for reporting Cash
at the CSD for certain Participant
dividend
security for a period.
payments.
Prior to each settlement This is covered
batch, the CSD in the cash
Notification of cash (I)CSD to
Settle256 communicates the cash N/A camt.004.001.02 Activity removed forecast process Cash
obligations Participant
obligations linked to that already in the
particular batch spreadsheet.
Covered by multi
Multilateral cash
lateral cash
balances per all balances reported in
(I)CSD to balance
Settle258 currency, and record type 4 plus balances N/A N/A Activity removed Cash
Participant message
uncovered quantity of related to agenda
already on
cash
spreadsheet
Cash balance
reporting is
Cash balance per covered by the
indirect participant Cash net balance per (I)CSD to forecast,
Settle259 N/A camt.004.001.02 Activity removed Cash
(using an agent for negotiator Participant settlement and
securities side) payments
messages in the
spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Cash balance
reporting is
covered by the
Cash balance per Cash net balance per (I)CSD to forecast,
Settle260 N/A camt.004.001.02 Activity removed Cash
securities account account Participant settlement and
payments
messages in the
spreadsheet.
Gross cash
settlement with
Cash transfer for
Instructs the Payment the central Bank
interest (I)CSD to
Settle261 system with interest N/A N/A Activity removed is covered in Cash
payments/reimburse NCB
payments/reimbursements Target 2 and not
ments
part of the scope
of this analysis
Gross cash
settlement with
the central Bank
Gross cash Participant
Settle262 MT202 N/A Activity removed is covered in Cash
settlement instruction to (I)CSD
Target 2 and not
part of the scope
of this analysis
Gross cash
settlement with
the central Bank
Outcome of gross (I)CSD to
Settle263 N/A Activity removed is covered in Cash
cash settlement Participant
Target 2 and not
part of the scope
of this analysis
camt.006.001.02
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
The CSD has
not provided
Confirmation of
sufficient detail
execution of payment (I)CSD to
Settle264 N/A need more info to analyse this Cash
for a transaction by Participant
further so it will
the clearing Bank
not be reported
camt.006.001.02 at present.
This is covered
by the cash
For settlement banks and
camt.006.001.02 settlement and
Cash settlement clearing members to (I)CSD to
Settle265 N/A / Activity removed cash payment Cash
amount report receive reports for the net Participant
camt.004.001.02 reports already
payments per client
in the
spreadsheet.
This is covered
by the Issuer
Notifies the characteristics (I)CSD to security data Securities
Settle268 Reference data N/A N/A Activity removed
of a security Participant process already reference data
described in the
spreadsheet.
This is covered
Allows members to retrieve in the provision
Money market
details of the discount rates (I)CSD to of rates process Securities
Settle271 instrument discount N/A N/A Activity removed
used in the MMI valuation Participant already reference data
rate
process described on the
spreadsheet.
This is covered
by the Issuer
Notifies the market price of (I)CSD to security data Securities
Settle272 Quotations N/A N/A Activity removed
a security Participant process already reference data
described in the
spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is covered
in the provision
Foreign exchange Notifies the foreign (I)CSD to of rates process Securities
Settle273 N/A N/A Activity removed
rates exchange rates applied Participant already reference data
described on the
spreadsheet.
This is covered
in the provision
Settlement
Notifies the exchange rates (I)CSD to of rates process Securities
Settle275 currencies and N/A N/A Activity removed
per currency applied Participant already reference data
exchange rates
described on the
spreadsheet.
Covered in
Notifies the securities security eligibility
CCP security (I)CSD to Securities
Settle277 eligible for settlement via a N/A N/A Activity removed process
eligibility Participant reference data
given central counterparty described on the
spreadsheet.
Covered in
security eligibility
Eligible sec. To NCB Notifies the securities (I)CSD to Securities
Settle280 N/A N/A Activity removed process
operations eligible to NCB operations. Participant reference data
described on the
spreadsheet.
Covered in
security
To provide details on
Details on instrument (I)CSD to reference data Securities
Settle281 reference data on N/A N/A Activity removed
reference data Participant communication reference data
forthcoming instruments
process already
on spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Messages for
issuance
communication are
covered in the
spreadsheet. When
we do detailed
Issuance of analysis we will
Issuance of dematerialized (I)CSD to Securities
Settle287 dematerialized N/A N/A Activity removed determine if
investment fund units Participant reference data
security separate messages
are needed for
different
instrument types
ie, equities,
investment fund
units.
Messages for
issuance
cancellation
communication are
covered in the
spreadsheet. When
Cancellation of cancellation of we do detailed
(I)CSD to analysis we will Securities
Settle288 dematerialized dematerialized investment N/A N/A Activity removed
Participant determine if reference data
security fund units
separate messages
are needed for
different
instrument types
ie, equities,
investment fund
units.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
From Issuer to CSD. In This is covered in
support of their request for the ISIN code
Issuer/Issue reservation
Request for security a new security identifier, Securities
Settle289 r's agent to N/A N/A Activity removed
code identification Issuer needs to provide process already reference data
(I)CSD
CSD with certain info about described on the
the security. spreadsheet.
Dissemination of isin from
Covered in
Advise of new sin to the ANNA central database NNA to Securities
Settle290 N/A N/A Activity removed Report isin
ANNA (ASB) (company name, isin code (I)CSD reference data
allocation to NNA
etc..)
Covered in
From CSD to participants to security eligibility
List of securities (I)CSD to Securities
Settle293 advise which securities can N/A N/A Activity removed process
eligible for settlement Participant reference data
settle on their platform. described on the
spreadsheet.
Covered in
notification of
Notification to participants ISIN code
Notification of ISIN (I)CSD to Securities
Settle295 about ISIN code registration N/A N/A Activity removed registration
code registration Participant reference data
into Custody system process already
described on the
spreadsheet.
This is covered
in the
communication
Information report (I)CSD to of security Securities
Settle297 N/A N/A Activity removed
about Security Issue Participant details process reference data
identified already
on the
spreadsheet.
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Covered in
Notification of an
existing process Securities
Settle298 applicant of ISIN ? N/A N/A Activity removed
already on the reference data
code assigned
spreadsheet
This is covered
Instruction containing in the account
Instruction to open sufficient and required Participant opening Client
Settle300 N/A acmt.001.001.01 Activity removed
an account information in order to open to (I)CSD message reference data
an account. already on the
spreadsheet
This is covered
in the account
Instruction to modify Instructs change of Participant modification Client
Settle302 N/A acmt.003.001.01 Activity removed
an account information on the account to (I)CSD message reference data
already on the
spreadsheet
This is covered
Inserting a client
in the account
classification number (in
Account modification Participant modification Client
Settle303 special case the same as a N/A acmt.004.001.01 Activity removed
request to (I)CSD message reference data
number of individual client
already on the
account)
spreadsheet
This would be
Instruction to transfer an covered in the
Instructs to change Participant Client
Settle304 account to another account N/A Activity removed instruction to
account operator to (I)CSD reference data
operator modify account
details message.
acmt.003.001.01
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This would be
Instruction to transfer
covered in the
an account to Instructs to change account Participant Client
Settle305 N/A Activity removed instruction to
another account operator to (I)CSD reference data
modify account
operator
details message.
acmt.003.001.01
This would be
covered in the
Instruction to close Participant Client
Settle307 Instructs to close an account N/A N/A Activity removed account close
an account to (I)CSD reference data
request
message.
This is covered
in the account
Instruction to close Participant close request Client
Settle308 Instructs to close an account N/A N/A Activity removed
an account to (I)CSD message reference data
already on the
spreadsheet
Covered in
account
(I)CSD to Client
Settle314 Status for Request of Status of message N/A acmt.002.001.01 Activity removed opening/modificat
Participant reference data
Client Classification ion status
Number message
covered in item
already on
List of participants to (I)CSD to spreadsheet Client
Settle316 N/A N/A Activity removed
the settlement system Participant relating to reference data
participants in a
system
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is similar to
the list of
participants
Notifies the CSD with the
Participants master NCB to message so this Client
Settle317 list of participants to the N/A Activity removed
file (I)CSD requirement reference data
payment system
should be
covered with that
camt.014.001.01 gap.
Informs the CSD on which
NCB to Out of scope for Client
Settle318 Banking groups banks belong to the same N/A N/A Activity removed
(I)CSD Giovannini reference data
group
covered in item
already on
Notifies the codes and the
List of participants to (I)CSD to spreadsheet Client
Settle319 names of participants to N/A N/A Activity removed
custody Participant relating to reference data
custody
participants in a
system
This is covered
under the
Transaction flow
Contains all guaranteed analysis
(containing both OTC
transactions sent every reported on the
and market (I)CSD to
Settle321 trade date to the CCPs MT536/7 N/A Activity removed spreadsheet CCP flows
transactions) sent CCP
simultaneously with the related to CCPs.
from the CSD to the
trade execution This ISO
CCP
message covers
this need
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is covered
under the
analysis
Calculation of net
CSD sends a message to reported on the
preliminary balances (I)CSD to
Settle322 the CCP regarding the net MT535 N/A Activity removed spreadsheet CCP flows
by CSD (on behalf of CCP
bilateral balances related to CCPs.
CCP) on SD-2 & -1
This ISO
message covers
this need
This is covered
under the
analysis
Rejection of net CCP sends a rejection reported on the
CCP to
Settle323 balances calculation (preliminary net balances) N/A N/A Activity removed spreadsheet CCP flows
(I)CSD
(SD-2 & -1) message to the CSD related to CCPs.
This ISO
message covers
this need
This is covered
under the
analysis
Calculation of net
CSD sends a message to reported on the
final balances by (I)CSD to
Settle324 the CCP regarding the net MT535 N/A Activity removed spreadsheet CCP flows
CSD (on behalf of CCP
bilateral balances related to CCPs.
CCP) on SD-1
This ISO
message covers
this need
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
This is covered
under the
analysis
Rejection/confirmatio CCP sends a rejection reported on the
CCP to
Settle325 n of net balances (final net balances) N/A N/A Activity removed spreadsheet CCP flows
(I)CSD
calculation (SD-1) message to the CSD related to CCPs.
This ISO
message covers
this need
This is covered
under the
analysis
From CCP to CSD.
Confirmation/rejection reported on the
Confirmation that they CCP to
Settle326 of end of day N/A N/A Activity removed spreadsheet CCP flows
received the reconciliation (I)CSD
reconciliation related to CCPs.
message.
This ISO
message covers
this need
Some, if not all,
of this is covered
Information regarding when in the Timetable
the system, open, close, (I)CSD to details
Settle328 Settlement calendar N/A camt.019.001.02 Activity removed Admin
which types of instructions Participant processing
are part of which cycle message so it
will be captured
there as a gap.
covered in
real-time' end of day (I)CSD to
Settle329 N/A N/A Activity removed timetable item Admin
advice Participant
on spreadsheet
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Some, if not all,
of this is covered
Informs the Payment in the Timetable
Request for closing
system that the flow of DVP (I)CSD to details
Settle331 of DVP settlement N/A camt.019.001.02 Activity removed Admin
settlement instructions from NCB processing
system
the CSD is over message so it
will be captured
there as a gap.
File changes provide a user
with access to changes to Dropped after
the data within CREST, (I)CSD to further
Settle332 File changes N/A N/A Activity removed Admin
including static, dynamic, Participant discussions with
registration and money the CSD
markets data
The summary report is sent
to every member. It Dropped after
Summary report;
summarizes all messages (I)CSD to further
Settle333 acknowledgement of N/A N/A Activity removed Admin
sent by the member and Participant discussions with
messages received
received by matching and the CSD
settlement during the day.
Dropped after
Informs information already (I)CSD to further
Settle334 Copies service N/A N/A Activity removed Admin
sent to a different address. Participant discussions with
the CSD
Enquiries on which days are
Dropped after
classed as Discipline Non
Settlement discipline Participant further
Settle335 Days (days on which N/A N/A Activity removed Admin
non-days details to (I)CSD discussions with
discipline fines are not
the CSD
imposed)
Sender
External Activity
Activity Scope and 15022 20022 Status Explanation Category
Ref Name/function
Receiver
Allows participants to obtain Dropped after
Matching fine summary information about (I)CSD to further
Settle336 N/A N/A Activity removed Admin
information fines which have accrued Participant discussions with
as a result of late matching the CSD
Allows participants to obtain
detailed information about Dropped after
Matching matching fines and to (I)CSD to further
Settle337 N/A N/A Activity removed Admin
performance details identify the late matched Participant discussions with
transactions which gave the CSD
rise to the fines
Allows participants to obtain Dropped after
Settlement fine summary information about (I)CSD to further
Settle338 N/A N/A Activity removed Admin
information fines which have accrued Participant discussions with
as a result of late settlement the CSD
Allows participants to obtain
detailed information about Dropped after
Settlement settlement fines and to (I)CSD to further
Settle339 N/A N/A Activity removed Admin
performance details identify the late settling Participant discussions with
transactions which gave the CSD
rise to the fines
This seems to
Outcome of request be a technical
Outcome of request for
for closing of DVP NCB to message
Settle340 closing of DVP settlement N/A N/A Activity removed Admin
settlement and (I)CSD between internal
and reconciliation system
reconciliation system systems at the
CSD.
Regulatory
Reporting to FSA (& Instructs instructions to be
Participant reporting is out Regulatory
Settle341 other regulatory reported to a regulatory N/A N/A Activity removed
to (I)CSD of scope for reporting
bodies) body.
Giovannini.
