NSD’s trade repository messages specifications

Current specification

SettlementInstruction

A type that models a complete instruction for settling a currency payment, including the settlement method to be used, the correspondent bank, any intermediary banks and the ultimate beneficary.

FieldTypeDescriptionPrint form titleFFSM titlePropertiesConditions
settlementMeth​odSettlementMeth​odThe mechanism by which settlement is to be made. The scheme of domain values will include standard mechanisms such as CLS, Fedwire, Chips ABA, Chips UID, SWIFT, CHAPS and DDA. 0-1, ncf
correspondentI​nformationCorrespondentI​nformationThe information required to identify the correspondent bank that will make delivery of the funds on the paying bank's behalf in the country where the payment is to be made 0-1, ncf
intermediaryIn​formationIntermediaryIn​formationInformation to identify an intermediary through which payment will be made by the correspondent bank to the ultimate beneficiary of the funds. 0-∞, ncf
beneficiaryBankBeneficiaryThe bank that acts for the ultimate beneficiary of the funds in receiving payments.0-1, ncf
beneficiaryBeneficiaryThe ultimate beneficiary of the funds. The beneficiary can be identified either by an account at the beneficiaryBank (qv) or by explicit routingInformation. This element provides for the latter. 0-1, ncf
depositoryPart​yReferencePartyReferenceReference to the depository of the settlement.0-1, ncf
splitSettlementSplitSettlementThe set of individual payments that are to be made when a currency payment settling a trade needs to be split between a number of ultimate beneficiaries. Each split payment may need to have its own routing information. 0-∞, ncf
SettlementInstruction