MT564 is used for corporate action notifications and is usually sent by banks and data providers, such as IDC. According to the ISO website: “This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.”
It contains a great deal information and can be a considered a complex SWIFT message and it contains a lot of important information needed by the markets.
For example, there are more than 50 qualifiers just to describe the different dates involved!
With mondCloud, you can extract all of the following values without writing a single line of code.
- Record Date, Tag 98A with qualifier RDTE
- Coupon Date, Tag 98A with qualifier COUP
- Expiry Date, Tag 98A with qualifier EXPI
- Floating Rate Fixing Date Tag 98A with qualifier FRNR
- Maturity Date Tag 98A with qualifier MATU
- Issue Date Tag 98A with qualifier ISSU
- Call Date Tag 98A with qualifier CALD
- Put Date Tag 98A with qualifier PUTT
- Dated Date Tag 98A with qualifier DDTE
- Conversion Date Tag 98A with qualifier CONV
- Order Expiry Date Tag 98A with qualifier EXPI. (Note this uses the same qualifier ‘EXPI’ as Expiry Date, the difference being this 98A occurs within 16R with qualifier INTSEC, whereas Expiry Date occurs within 16R with qualifier FIA)
- Order Post Date Tag 98A with qualifier POST
- Announcement Date Tag 98A with qualifier ANOU
- Certification Deadline Date Tag 98A with qualifier CERT
- Ex Dividend Distribution Date Tag 98A with qualifier XDTE
- Effective Date Tag 98A with qualifier EFFD
- Further Detailed Announcement Date Tag 98A with qualifier FDAT
- Proration Date Tag 98A with qualifier PROD
- Deadline to Register Date Tag 98A with qualifier REGI
- Results Publication Date Tag 98A with qualifier RESU
- Deadline to Split Date Tag 98A with qualifier SPLT
- Meeting Date Tag 98A with qualifier MEET
- Deadline for Tax Breakdown Instructions Date Tag 98A with qualifier TAXB
- Trading Suspended Date Tag 98A with qualifier TSDT
- Lottery Date Tag98A with qualifier LOTO
- Unconditional Date Tag 98A with qualifier UNCO
- Wholly Unconditional Date Tag 98A with qualifier WUCO
- Second Meeting Date Tag98A with qualifier MET2
- Third Meeting Date Tag98A with qualifier MET3
- Equalization Date Tag98A with qualifier EQUL
- Early Closing Date Tag98A with qualifier ECDT
- Fixing Date Tag98A with qualifier IFIX
- Margin Fixing Date Tag98A with qualifier MFIX
- Court Approval Date Tag98A with qualifier COAP
- New Maturity Date Tag98A with qualifier MATU
- Official Announcement Publication Date Tag 98A with qualifier OAPD
- Special Ex-Date Tag 98A with qualifier SXDT
- Guaranteed Participation Date Tag 98A with qualifier GUPA
- Election To Counterparty Deadline Date Tag 98A with qualifier ECPD
- Lapsed Date Tag 98A with qualifier LAPD
- Market Claim Tracking EndDate Tag 98A with qualifier MCTD
- Payment Date Tag 98A with qualifier PAYD
- Third Party Deadline Date Tag 98A with qualifier TPDT
- Early ThirdParty Deadline Date Tag 98A with qualifier ETPD
- Lead Plaintiff Deadline Date Tag 98A with qualifier PLDT
- Filing Date Tag 98A with qualifier FILL
- Hearing Date Tag 98A with qualifier HEAR
- Corporate Action Detail Cash Movement Pay Date Tag 98A with qualifier PAYD
- Corporate Action Detail Cash Movement Value Date Tag 98A with qualifier VALU
- Cash Movement Foreign Exchange Rate Fixing Date Tag 98A with qualifier FXDT