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SWIFT ISO15022 Standard
Detail view for message MT503 - Collateral Claim

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 Description of the message MT503

Important!

The user header of the message (block 3) is mandatory and must contain a code in the Validation Flag field 119 ( {3:{119:xxxx}} ) to identify the exposure type or collateral reason.

These codes may be used for routing purposes.

 Purpose of the message MT503

Requests new or additional collateral, or the return or recall of collateral

 Scope of the message MT503

This message is sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager. This message is also sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager.

When sent by the taker, it is used to:

  • request new collateral at the initiation of an exposure
  • request additional collateral

    • When sent by the giver, it is used to:

    • request the return of collateral
    • recall the collateral upon the termination of an underlying exposure.

    This message is also used by the taker or the giver to request the cancellation of a previously sent collateral claim.

    This message must not be used to initiate a substitution of collateral.

    The message may also be used to:

    • re-send a message previously sent (Subfunction of the message is DUPL)
    • provide a third party with a copy of the message for information (Subfunction of the message is COPY)
    • re-send to a third party a copy of the message for information (Subfunction of the message is CODU).

  Structure of the message MT503

Sequence A - General information  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
16R
 
Start of Block
M
2
20C
 
Reference
M
3
23G
 
Function of the Message
M
Sequence A1 - Agreement  [ mandatory, repetitive ]
No.
Tag
Option
Name
Status
4
16R
 
Start of Block
M
5
22F
 
Indicator: Agreement Indicator
O
6
98A
 
Date: Agreement Date
O
7
13B
 
Number: Agreement Version Number
O
8
70C
 
Narrative: Agreement Narrative
C
9
16S
 
End of Block
M
10
98a
A
Date/Time: Preparation Date/Time
O
 
 
C
 
 
 
 
E
 
 
11
22a
F
Indicator
M
 
 
H
 
 
12
95a
P
Party
M
 
 
Q
 
 
 
 
R
 
 
13
70C
 
Narrative: Party Narrative
O
Sequence A2 - Linkages  [ optional, repetitive ]
No.
Tag
Option
Name
Status
14
16R
 
Start of Block
M
15
13a
A
Number Identification: Linked Message
O
 
 
B
 
 
16
20C
 
Reference
M
17
16S
 
End of Block
M
18
16S
 
End of Block
M
Sequence B - Summary  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
19
16R
 
Start of Block
M
20
95a
P
Party: Exposed Party
C
 
 
Q
 
 
 
 
R
 
 
21
19B
 
Amount
M
Sequence B1 - Summary Details  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
22
16R
 
Start of Block
M
23
19B
 
Amount
O
24
98a
A
Date/Time
O
 
 
C
 
 
25
16S
 
End of Block
M
26
16S
 
End of Block
M
Sequence C - Collateral Details  [ optional, repetitive ]
No.
Tag
Option
Name
Status
27
16R
 
Start of Block
M
28
20C
 
Reference: Collateral Reference
M
29
22a
F
Indicator
M
 
 
H
 
 
30
98A
 
Date: Settlement Date
O
Sequence C1 - Securities Collateral Details  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
31
16R
 
Start of Block
M
32
35B
 
Identification of Financial Instrument
M
33
36B
 
Quantity of Financial Instrument: Quantity of Securities Collateral
M
34
17B
 
Flag: Ownership Flag
O
35
16S
 
End of Block
M
Sequence C2 - Cash Collateral Details  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
36
16R
 
Start of Block
M
37
19B
 
Amount: Deposit Amount
M
38
22H
 
Indicator: Type of Deposit Indicator
M
39
98A
 
Date: Maturity Date
C
40
16S
 
End of Block
M
Sequence C3 - Other Collateral Details  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
41
16R
 
Start of Block
M
42
22H
 
Indicator: Type of Other Collateral Indicator
M
43
98a
A
Date/Time
M
 
 
B
 
 
44
95a
P
Party: Issuer
M
 
 
Q
 
 
 
 
R
 
 
45
19B
 
Amount
M
46
16S
 
End of Block
M
47
16S
 
End of Block
M
Sequence D - Additional Information  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
48
16R
 
Start of Block
M
49
95a
P
Party
O
 
 
Q
 
 
 
 
R
 
 
50
16S
 
End of Block
M
◄   MT502 - Order to Buy or Sell
MT504 - Collateral Proposal   ►