The Bank of Tokyo-Mitsubishi, Ltd. Global Securities Services Division C C u u s s t t o o d d y y N N e e w w s s f f l l a a s s h h =============================================================== The information contained herein has been derived from several sources believed to be reliable at the time of publication. March 2, 2005 BTM Overview of SWIFT Standard Release 2005 ================================================================== Category Custody Presentation and BTM announcements Summary BTM will implement changes to SWIFT messages in line with SWIFT Standard Release 2005. Impact High. Clients need to send and receive messages in line with SR2005 Actions Clients are requested to check that their implementation will be in line with SR2005, and note the BTM changes. ================================================================== Details As you may be well aware, SWIFT SR2005 will be released on 14th May. BTM will change our system in line with the standard release. We have outlined the changes in ‘BTM Overview of SWIFT SR2005(Settlement and Reconciliations)’ and ‘BTM Overview of Swift SR2005 (Corporate Actions)’. We inform you the outlines of our implemented changes. 1 .Settlement and Reconciliation Th e change which may be of biggest impact to our clients is that PSET will be ma ndatory (unless STCO//DBNM is utilized). Clients are requested to make sure that PSET is included in their settlement instructions via MT540-543. However, while it will be mandatory, actual settlement will be executed in accordance with Market Practice, regardless of the Place of Settlement indicated in each instruction, and indicating incorrect PSET will not be a fail reason. Another change will be in the indication of sub-balance of MT535. As TAVI has been deleted, it will be replaced by NOMI, and will be used to indicate both JASDEC balances and physical shares in our client’s own name. 2.Corporate Actions The new code word ‘NBLT’(new board lot quantity) and ‘Name’(new name of a company following a name change) will be used in MT564. Currently, BTM utilizes Sequence F for notifying above information, however, as these new code words will be used of MT564, Sequence F will not be utilized any longer. According to the consistency with SMPG agreement, the negative sign ‘N’ for the code word ‘WITL’ (withholding tax) and ‘CHAR’ (charge) in current MT564 and Although having made every effort to ensure the accuracy of the contents, The Bank of Tokyo-Mitsubishi does not assume any liability for losses either direct or consequential caused by the use of this information. Copyright 2003 The Bank of Tokyo-Mitsubishi, Ltd. Page 1 of 2
Transcript
The Bank of Tokyo-Mitsubishi, Ltd. Global Securities Services Division
CCuussttooddyy NNeewwssffllaasshh
=============================================================== The information contained herein has been derived from several sources believed to be reliable at the time of publication.
March 2, 2005
BTM Overview of SWIFT Standard Release 2005
================================================================== Category Custody Presentation and BTM announcements Summary BTM will implement changes to SWIFT messages in line with SWIFT
Standard Release 2005. Impact High. Clients need to send and receive messages in line with SR2005 Actions Clients are requested to check that their implementation will be in line
with SR2005, and note the BTM changes. ==================================================================
Details
As you may be well aware, SWIFT SR2005 will be released on 14th May. BTM will change our system in line with the standard release. We have outlined the changes in ‘BTM Overview of SWIFT SR2005(Settlement and Reconciliations)’ and ‘BTM Overview of Swift SR2005 (Corporate Actions)’. We inform you the outlines of our implemented changes. 1 .Settlement and Reconciliation Th e change which may be of biggest impact to our clients is that PSET will be ma ndatory (unless STCO//DBNM is utilized). Clients are requested to make sure that PSET is included in their settlement instructions via MT540-543. However, while it will be mandatory, actual settlement will be executed in accordance with Market Practice, regardless of the Place of Settlement indicated in each instruction, and indicating incorrect PSET will not be a fail reason. Another change will be in the indication of sub-balance of MT535. As TAVI has been deleted, it will be replaced by NOMI, and will be used to indicate both JASDEC balances and physical shares in our client’s own name. 2.Corporate Actions The new code word ‘NBLT’(new board lot quantity) and ‘Name’(new name of a company following a name change) will be used in MT564. Currently, BTM utilizes Sequence F for notifying above information, however, as these new code words will be used of MT564, Sequence F will not be utilized any longer. According to the consistency with SMPG agreement, the negative sign ‘N’ for the code word ‘WITL’ (withholding tax) and ‘CHAR’ (charge) in current MT564 and
Although having made every effort to ensure the accuracy of the contents, The Bank of Tokyo-Mitsubishi does not assume any liability for losses either direct or consequential caused by the use of this information. Copyright 2003 The Bank of Tokyo-Mitsubishi, Ltd. Page 1 of 2
The Bank of Tokyo-Mitsubishi, Ltd. Global Securities Services Division
CCuussttooddyy NNeewwssffllaasshh
=============================================================== The information contained herein has been derived from several sources believed to be reliable at the time of publication.
MT566 will be deleted. P lease refer to the attached documents for details. Should you have any inquires, please feel free to contact us. Global Securities Services Division, Bank of Tokyo-Mitsubishi Past Newsflash issues are available at the BTM Yen Custody Website; http://www.btm.co.jp/custody/. The site is dedicated to our clients, and accessible only with “ID” and “Password”. Should you require them, please contact us.
Although having made every effort to ensure the accuracy of the contents, The Bank of Tokyo-Mitsubishi does not assume any liability for losses either direct or consequential caused by the use of this information. Copyright 2003 The Bank of Tokyo-Mitsubishi, Ltd. Page 2 of 2
E Settlement Details 22F LEOG If you override L/G default status in settlement of public offering,
this qualifier is required.
E1 Settlement Parties 95P PSET As for data field pease refer to 1.2 PSET recommendation.
1.2 PSET recommendation
PSET is mandatory unless STCO//DBNM is utilized. Below table shows recommendation for PSET. Incorrect PSET will be disregarded
and will not disturb our STP. We will execute settlement in accordance with Market Practice in Japan. Any instruction won't fail due to incorrect PSET as we override PSET in accordance with market practice in Japan.
Type of Securities PSET recommendation Equity JJSDJPJ1XXX Japanese Government Bond BOJPJPJTXXX Convertible Bond JJSDJPJ1XXX
1.3 Settlement Instruction template
Field Qualifier Definition Qualifiers
and codes
Swift
O/M
BTM
mandatory
SR2005 notes
Mandatory Sequence A - General Information
16R GENL Start of Sequence GENL M M
20C SEME Sender's Reference Number M M
23G Function of the Message PREA M C Agreement is required in using PREA
NEWM or M
CANC or or
Repetitive Mandatory Subsequence A1 - Linkages
16R LINK Start of Subsequence LINK M M
22F LINK Linkage Type Indicator AFTE O CM Unless Linkage indicator is used for all
2
Field Qualifier Definition Qualifiers
and codes
Swift
O/M
BTM
mandatory
SR2005 notes
BEFO CM
INFO
WITH CM
likned transactions and if such information
is notified in a narrative field, correct
settlement might not be guaranteed.
13a LINK Linked Message O
20C POOL M
PREV or CM In case of using a linkage indicator PREV is
required.
RELA or
TRRF or
COMM or
COLR or
16S LINK End of Subsequence LINK M M
16S GENL End of Sequence GENL M M
Mandatory Sequence B - Trade Details
16R TRADDET Start of Sequence TRADDET M M
98a SETT M M
If the designated date falls on a national
holiday in Japan we treat the following
business day as the settlement date without
notification.
TRAD O M
35B Identification of the Financial
Instrument M M
16S TRADDET End of Sequence FIA M
Repetitive Mandatory Sequence C - Financial Instrument/Account
16R FIAC Start of Sequence FIAC M M
36B SETT Quantity of Financial Instrument M M
97a Account SAFE M M Your safekeeping account with us
16S FIAC End of Sequence FIAC M
Mandatory Sequence E - Settlement Details
16R SETDET Start of Settlement Details Sequence SETDET M M
22F Indicator STCO O CM JGB tax exempt customer only: In selling
taxable JGB STCO//DIRT is required.
SETR M M
REGT O CM If registration condition is to be overriden,
3
Field Qualifier Definition Qualifiers
and codes
Swift
O/M
BTM
mandatory
SR2005 notes
this field must be submitted.
DBNM O CM Please refer to PSET recommendation.
LEOG O CM ★
If you override L/G default status in
settlement of public offering, this qualifier
is required.
Mandatory Subsequence E1 Settlement Parties
16R SETPRTY Start of Subsequence SETPRTY M M
95a Party BUYR M M
DEAG or
DECU or
DEI1 or
DEI2 or
DEI3 or
DEI4 or
DEI5 or
DEI6 or
DEI7 or
DEI8 or
(This template shows Subsequence of
MT542/3)
Other than REAG party sequences including
a client of REAG should be presented with
97A.
(MT540/541)
On the contrary to delivering instructions,
DEAG plus at least one party should be
generated.
DEI9 or
PSET or CM ★ Please refer to 1.2 PSET recommendation.
REAG or M
RECU or
REI1 or
REI2 or
REI3 or
REI4 or
REI5 or
REI6 or
REI7 or
REI8 or
REI9 or
SELL or
97a SAFE Safekeeping Account SAFE O M An owner's account number with REAG is
