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

  1. Record Date, Tag 98A with qualifier RDTE
  2. Coupon Date, Tag 98A with qualifier COUP
  3. Expiry Date, Tag 98A with qualifier EXPI
  4. Floating Rate Fixing Date Tag 98A with qualifier FRNR
  5. Maturity Date Tag 98A with qualifier MATU
  6. Issue Date Tag 98A with qualifier ISSU
  7. Call Date Tag 98A with qualifier CALD
  8. Put Date Tag 98A with qualifier PUTT
  9. Dated Date Tag 98A with qualifier DDTE
  10. Conversion Date Tag 98A with qualifier CONV
  11. 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)
  12. Order Post Date Tag 98A with qualifier POST
  13. Announcement Date Tag 98A with qualifier ANOU
  14. Certification Deadline Date Tag 98A with qualifier CERT
  15. Ex Dividend Distribution Date Tag 98A with qualifier XDTE
  16. Effective Date Tag 98A with qualifier EFFD
  17. Further Detailed Announcement Date Tag 98A with qualifier FDAT
  18. Proration Date Tag 98A with qualifier PROD
  19. Deadline to Register Date Tag 98A with qualifier REGI
  20. Results Publication Date Tag 98A with qualifier RESU
  21. Deadline to Split Date Tag 98A with qualifier SPLT
  22. Meeting Date Tag 98A with qualifier MEET
  23. Deadline for Tax Breakdown Instructions Date Tag 98A with qualifier TAXB
  24. Trading Suspended Date Tag 98A with qualifier TSDT
  25. Lottery Date  Tag98A with qualifier LOTO
  26. Unconditional Date Tag 98A with qualifier UNCO
  27. Wholly Unconditional Date Tag 98A with qualifier WUCO
  28. Second Meeting Date Tag98A with qualifier MET2
  29. Third Meeting Date Tag98A with qualifier MET3
  30. Equalization Date Tag98A with qualifier EQUL
  31. Early Closing Date Tag98A with qualifier ECDT
  32. Fixing Date Tag98A with qualifier IFIX
  33. Margin Fixing Date Tag98A with qualifier MFIX
  34. Court Approval Date Tag98A with qualifier COAP
  35. New Maturity Date Tag98A with qualifier MATU
  36. Official Announcement Publication Date Tag 98A with qualifier OAPD
  37. Special Ex-Date Tag 98A with qualifier SXDT
  38. Guaranteed Participation Date Tag 98A with qualifier GUPA
  39. Election To Counterparty Deadline Date Tag 98A with qualifier ECPD
  40. Lapsed Date Tag 98A with qualifier LAPD
  41. Market Claim Tracking EndDate Tag 98A with qualifier MCTD
  42. Payment Date Tag 98A with qualifier PAYD
  43. Third Party Deadline Date Tag 98A with qualifier TPDT
  44. Early ThirdParty Deadline Date Tag 98A with qualifier ETPD
  45. Lead Plaintiff Deadline Date Tag 98A with qualifier PLDT
  46. Filing Date Tag 98A with qualifier FILL
  47. Hearing Date Tag 98A with qualifier HEAR
  48. Corporate Action Detail Cash Movement Pay Date Tag 98A with qualifier PAYD
  49. Corporate Action Detail Cash Movement Value Date Tag 98A with qualifier VALU
  50. Cash Movement Foreign Exchange Rate Fixing Date Tag 98A with qualifier FXDT

Other Posts That Might Interest You.

Your Message to mondCloud
Optional Information That Helps Us Process Your Request Faster