SWIFT ISO15022 Standard
Detail view for message MT516 - Securities Loan Confirmation
Financial acronyms
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Purpose of the message MT516
Confirms the details of a securities loan, including collateral arrangements. It may also confirm the details of a partial recall or return of securities previously out on loan
Scope of the message MT516
This message type is sent from one financial institution to another, both of which are involved in the lending of securities.
It is used to confirm the details of:
- a new securities loan
- a partial recall of securities previously out on loan
- a partial return of securities previously out on loan
- the close-out of a securities loan.
Structure of the message MT516
Sequence A - Securities Loan/Recall/Return Identification [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
20
Transaction Reference Number
M
2
21
Related Reference
O
3
23
Further Identification
M
4
31P
Date Loan/Recall/Return Agreed
M
5
83C
Safekeeping Account
C
6
35B
Identification of Securities
M
7
35A
Quantity of Securities
C
8
31L
Payable Date
O
9
31X
Ex Date
O
10
30
Effective Date
M
11
31F
Expiry and Option Date of Loan
O
12
87a
A
Receiver/Deliverer of Securities
C
D
13
35N
Quantity of Securities Recalled/Returned
C
14
33T
Market Price of Securities
O
Sequence B - Collateral Arrangements [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
15
37J
Interest Rate on Securities
O
16
26H
Collateral Type
O
17
33S
Collateral Requirement
O
18
32a
A
Cash Collateral Amount
O
B
19
37a
A
Rebate Agreed
O
B
C
D
E
F
20
57a
A
Account With Institution
O
B
D
21
35S
Quantity of Securities Transferred as Collateral
O
22
35B
Identification of Securities
O
23
87a
A
Receiver/Deliverer of Securities
O
D
Sequence C - Additional Information [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
24
77D
Special Terms and Conditions
O
25
72
Sender to Receiver Information
O