Issuance of Electronic Contract Notes in Equity Derivatives Segment

IFN 515 · 2008-11-06 · SEBI

Summary

This section defines the structure and mandatory fields for Message IFN 515 used in contract note reporting. It specifies the format for general information including reference numbers, message functions, and preparation dates. The text further details confirmation data such as trade dates, settlement dates, prices, and transaction indicators. This section defines the mandatory SWIFT message fields for trade confirmation and settlement details in Indian securities transactions. It specifies the format and content for client identification, account safekeeping codes, trade quantity, and security ISIN. The text further outlines requirements for settlement parties, including broker BIC codes, clearing house names, and mandatory arbitration clauses. This section defines the mandatory and optional fields for settlement amounts, including deal amount, brokerage, service tax, securities transaction tax, and settlement amount. It outlines the structure for an optional sequence regarding other parties and trade references. Finally, it specifies the format for message IFN 598 used to convey contract note status updates. This section defines the status updates for matched and unmatched contra

Text

Start of block GENL with mandatory fields for Reference (SEME), Function (NEWM), Preparation Date (PREP), and Dummy Indicator (TRTR).

Format: (Qualifier)//(References) where Qualifier is SEME and References include Contract Type, Exchange No., and Contract Number without consecutive slashes.

To indicate new message or cancellation of a previous message using Function 'NEWM'.

Format: (Qualifier)//(Date) where Qualifier is PREP and Date is YYYYMMDD.

Start of block LINK containing cancelled contract note reference using Qualifier PREV or DUMMY for NEWM messages.

Start of block CONFDET containing trade date, settlement date, price, brokerage, exchange place, and trade indicators.

To give details of the trade date using Qualifier TRAD and Date YYYYMMDD.

To give details of the settlement date using Qualifier SETT and Date YYYYMMDD.

To indicate the trade rate using Qualifier DEAL, Amount Type Code ACTU, Currency INR, and price up to 15 digits with comma as decimal sign.

Optional field to indicate brokerage rate per share using Qualifier CORA, sign +/-, and price up to 15 digits with comma as decimal sign.

To identify the exchange using Qualifier TRAD, Place Code EXCH, and MAPIN code or Narrative.

To indicate whether the trade is Buy [BUYI] or Sell [SELL] using Qualifier BUSE.

Source: SecMarx — Issuance of Electronic Contract Notes in Equity Derivatives Segment. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.