ASEAN Post Trade Services

Transcription

1 ASEAN Post Trade Services Technical Specifications Version 1.0 Release 1 1 August 2014 Prepared by Application Development Services, Technology & Systems Group Copyright Bursa Malaysia Bhd All Rights Reserved.

2 Disclaimer This is the ASEAN Post Trade Services Technical Specification Version 1.0. No part of this manual may be photocopied or otherwise reproduced without permission. Copyright Bursa Malaysia Bhd All Rights Reserved.

3 ASEAN Post Trade Technical Specifications version1.0 Release 1 Change of History Date Version Description of changes 1 August New Document Copyright Bursa Malaysia Bhd All Rights Reserved.

4 Table of Content ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 1. INTRODUCTION SUBMISSION VIA BURSA EFIX FILE SUBMISSION VIA EFIX CREATION OF SETTLEMENT INSTRUCTIONS (OB NTCP) (FILENAME- APT001) CANCELLATION OF SETTLEMENT INSTRUCTIONS (OB NTCP) (FILENAME- APT002) ACKNOWLEDGEMENT OF SETTLEMENT INSTRUCTIONS (NTCP OB) (FILENAME- APT003) STATUS OF SETTLEMENT INSTRUCTIONS (NTCP OB) (FILENAME- APT004) TRADE SETTLEMENT STATUS (NTCP OB) (FILENAME- APT005) ERROR CODES Copyright Bursa Malaysia Bhd All Rights Reserved Page 4

5 1. Introduction The ASEAN Post Trade Services is a service offered by Bursa Malaysia Depository Sdn Bhd (Bursa Malaysia Depository) to Participating Organisation (PO) for outbound trades executed on a participating ASEAN Stock Exchanges. Under this ASEAN Post Trade Services, Bursa Malaysia Depository will facilitate in the clearing and settlement of outbound trades executed on the respective participating ASEAN Stock Exchanges that will also include safekeeping of the securities traded on these ASEAN Stock Exchanges. This document will prescribe the technical specification for each of the files that will be used in the course of Bursa Malaysia Depository servicing the relevant Participating Organisation that subscribe to this ASEAN Post Trade Services. Copyright Bursa Malaysia Bhd All Rights Reserved Page 5

6 2 Submission via Bursa efix 1. All Settlement Instruction file (APT001) will be uploaded to the Bursa efix following the predefined CSV Pipe format. 2. Participating Organisation (PO) are required to designate one location, either principal office or branch office for the uploading and downloading of the instruction /response file from Bursa efix. 3. Upon receiving the APT001 file from PO, Bursa Malaysia Depository will upload the APT001 file into the Service Provider s system to validate the file format. 4. If the file format is not accepted by the Service Provider, the submission will be rejected and will be reverted to the PO for rectification. 5. Service Provider will update the status of the files at specified time interval once the matching processes have completed the tasks. 6. PO may download the Settlement Instruction response files e.g. Acknowledgement of Settlement Instruction (APT003), Status of Settlement Instructions (APT004) and the Trade Settlement Status (APT005) file via the Bursa efix system. 7. PO may also view the status of the Settlement Instruction via the Services Provider s web based system. Copyright Bursa Malaysia Bhd All Rights Reserved Page 6

7 3 File Submission via efix A. Filename naming convention. The format of an input filename naming convention is as follows EFIX.OriginatingBrokerCode.ASEAN-BM.FIX.Timestamp-ECHCode-OBCode-Filename Where, EFIX is a constant, OriginatingBrokerCode ie. 9(06) e.g , ,etc ASEAN-BM is a constant FIX is a constant Timestamp Time stamp where files are transferred between PO and Bursa Malaysia Depository i.e.<yyyymmddhhmmssmiss> ECH Code ie. BMB/ SET/ SGX OBCode ie. X(04) e.g 0065, 0073,etc Filename ie. APT001/ APT002/ APT003 For example, Participating Organisation Code submits a Settlement Instruction file (APT001) via Bursa efix system, the filename will be EFIX ASEAN-BM..FIX SET-0065-APT001 The format of a response filename naming convention is as follows Filename_yyyymmddhhmmss.xml Where yyyymmdd is the date value hhmmss is the time value filename is the actual file name. For example, Participant code receives a response file for APT003 from Bursa efix system, the filename will be APT003_ B. File format. All files downloaded/uploaded to the Service Provider s web system requires the followings: predefined CSV Pipe format e.g the files will be delimited by the character. for optional field, the delimiter is still required even though the field is blank Copyright Bursa Malaysia Bhd All Rights Reserved Page 7

8 3.1 Creation of Settlement Instructions (OB NTCP) (Filename- APT001) # Name Descriptions Data Length Filled Remark 1.1 OB Code Identifier code defined to identify each OB Text X(04) M OB code 1.2 Unique Identifier for transaction Creation by OB Unique ID assigned by the OB to identify this creation instruction Text X(16) M Unique ID assigned by the OB for reference to this creation instruction Combination of this field + Creation Date + OB Code will uniquely identify this instruction. 1.3 Creation Date Date when the unique ID is generated 1.4 NTCP Code Identifier code defined to identify the NTCP in ECH ISODate X(10) M yyyy-mm-dd Text 9(06) O NTCP Code 1.5 Settlement Type Indicates the transaction is either Inward / Outward for the Securities Movement and with or without payment Code X(03) M RFP = Receive Free of Payment RVP = Receive Against Payment DFP = Deliver Free of Payment Copyright Bursa Malaysia Bhd All Rights Reserved Page 8

9 # Name Descriptions Data ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark DVP = Deliver Against Payment 1.6 Type of Exchange Exchange provides trading of security Note: if EXCH, exchange market will be specified MICIdentifier X(04) M If code of Type = EXCH, please specify the market identifier code (ISO10383). Currently only code XKLS for Bursa Malaysia is acceptable. XKLS must be inserted for both EXCH and OTCO transactions into Bursa Malaysia. Code XBKK is for Thainland stock exchange. And code XSES is for Singapore stock exchange. 1.7 Type of Trade OMT/DBT Code X(04) O EXCH for OMT OTCO for DBT 1.8 Trade Date The date when trade is done ISODate X(10) M yyyy-mm-dd 1.9 Settlement Date Settlement date for trade ISODate X(10) M yyyy-mm-dd Copyright Bursa Malaysia Bhd All Rights Reserved Page 9

10 # Name Descriptions Data Length Filled Remark 1.10 Unit Price Currency Code (ISO 4217) + Unit Price of the stocks on trade date Currency code of Unit Price must match with trading currency code Amount x(3)9(4). 9(6) O Trade price is MYR Level- Transaction Type Identify level of transaction and transaction type Text X(05) O Provides additional settlement processing information First Character denotes level number e.g 1, 2, 3 Second character till fifth character denotes transaction type e.g BUY or SELL E,g if the text is 1BUY, this denotes first need more explanation [df] this is to denote the ISS Level. ISS can happened between TCP and NTCP (Level 1) and subsequently NTCP1 and NTCP2 (Level2) ISIN Code ISIN code ISIN X(12) M ISIN code. Copyright Bursa Malaysia Bhd All Rights Reserved Page 10

11 # Name Descriptions Data Length Filled Remark Identifier 1.13 Product Type Type of Product Text X(2) M Types of product traded EQ- Equities FI- Fixed Income More types to be added in the future 1.14 Stock Code Securities code for settlement. Current length is 6 however, it is designed to cope for future change Text X(20) O Local stock code e.g Quantity of Shares Quantity of shares need to be settled DecimalN Umber 9(18) M Quantity of shares to be settled e,g Delivering Settlement Partiesaccount Account number in which shares will be moved out from its account Note: field is mandatory for DFP/DVP Account number is opened with service provider Text 9(11) M/O Account number in which shares will be moved out from its account - only applicable for sell trade 1.17 Receiving Settlement Parties- Account Account number in which shares will be moved in to its account Note: field is mandatory for Text 9(11) M/O Account number in which shares will be moved in to its account - only applicable for buy Copyright Bursa Malaysia Bhd All Rights Reserved Page 11

12 # Name Descriptions Data Length Filled Remark 1.18 Settlement Amount RFP/RVP Account number is opened with service provider Currency Code (ISO 4217) + Amount of trade need to be settled Currency code of Settlement Amount must match with trading currency code Note: field is mandatory for RVP/DVP Amount x(3)9(12).9(2) M/O trade MYR Tolerance Amount Currency Code (ISO 4217) + Tolerance amount (acceptable difference between the initiated and confirmed/affirmed amount) Currency code of Tolerance Amount must match with trading currency code Amount X(03)9(4).9(2) O MYR Counterparty The identification of counter Party Text 9(06) M The identification of the Counterparty (sponsoring broker) 1.21 Name of Buyer/Seller End Client Text X(35) O Copyright Bursa Malaysia Bhd All Rights Reserved Page 12

13 # Name Descriptions Data Length Filled Remark 1.22 Remark Remark Text X(210) O Blank filled Copyright Bursa Malaysia Bhd All Rights Reserved Page 13

14 3.2 Cancellation of Settlement Instructions (OB NTCP) (Filename- APT002) # Name Descriptions Data Length Filled Remark 2.1 OB Code Identifier code defined to Text X(04) M OB code identify each OB 2.2 Unique Identifier for transaction Creation by OB Unique ID assigned by the OB to identify this creation instruction Note: unique identifier of the original settlement instruction created Text X(16) M Unique ID assigned by the OB for reference to this creation instruction Combination of this field + Creation Date + OB Code will uniquely identify this instruction. 2.3 Creation Date Date when the unique ID is generated 2.4 NTCP Code Identifier code defined to identify the NTCP in ECH ISODate X(10) M yyyy-mm-dd Text 9(06) O NTCP Code 2.5 Settlement Type Indicates the transaction is either Inward /Outward for the Securities Movement and with or without payment Code X(03) M RFP = Receive Free of Payment RVP = Receive Against Payment DFP = Deliver Free of Payment DVP = Deliver Against Payment Copyright Bursa Malaysia Bhd All Rights Reserved Page 14

15 # Name Descriptions Data ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark 2.6 Type of Exchange Exchange provides trading of security Note: if EXCH, exchange market will be specified MICIdenti Fier X(04) M If code of Type = EXCH, please specify the market identifier code (ISO10383). Currently only code XKLS for Bursa Malaysia is acceptable. XKLS must be inserted for both EXCH and OTCO transactions into Bursa Malaysia. 2.7 Type of Trade OMT/DBT Code X(04) O EXCH for OMT OTCO for DBT 2.8 Trade Date The date when trade is done ISODate X(10) M yyyy-mm-dd 2.9 Settlement Date Settlement date for trade ISODate X(10) M yyyy-mm-dd 2.10 Unit Price Currency Code (ISO 4217) + Unit Price of the stocks on trade date Currency code of Unit Price must match with trading Amount x(3)9(4).9( 6) Copyright Bursa Malaysia Bhd All Rights Reserved Page 15 O Trade price is. MYR

16 # Name Descriptions Data currency code ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark 2.11 Level- Transaction Type Identify level of transaction and transaction type Text X(05) O Provides additional settlement processing information First Character denotes level number e.g 1, 2, 3 Second character till fifth character denotes transaction type e.g BUY or SELL E,g if the text is 1BUY, this denotes first need more explanation [df] this is to denote the ISS Level. ISS can happened between TCP and NTCP (Level 1) and subsequently NTCP1 and NTCP2 (Level2) ISIN Code ISIN code ISIN X(12) M ISIN code. Identifier 2.13 Product Type Type of Product Text X(2) M Types of product traded EQ- Equities FI- Fixed Income More types to be Copyright Bursa Malaysia Bhd All Rights Reserved Page 16

17 # Name Descriptions Data ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark added in the future 2.14 Stock Code Securities code for settlement. Current length is 6 however, it is designed to cope for future change Text X(20) O Local stock code e.g Quantity of shares Quantity of shares need to be settled DecimalN umber 9(18) M Quantity of shares to be settled e,g Delivering Settlement Parties- account 2.17 Receiving Settlement Parties- Account Account number in which shares will be moved out from its account Note: field is mandatory for DFP/DVP Account number is opened with service provider Account number in which shares will be moved in to its account Note: field is mandatory for RFP/RVP Account number is opened with service provider Text 9(11) M/O Account number in which shares will be moved out from its account - only applicable for sell trade Text 9(11) M/O Account number in which shares will be moved in to its account - only applicable for buy trade Copyright Bursa Malaysia Bhd All Rights Reserved Page 17

18 # Name Descriptions Data ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark 2.18 Settlement Amount Currency Code (ISO 4217) + Amount of trade need to be settled Currency code of Settlement Amount must match with trading currency code Amount x(3)9(12). 9(2) M/O MYR Note: field is mandatory for RVP/DVP 2.19 Tolerance Amount Currency Code (ISO 4217) + Tolerance amount (acceptable difference between the initiated and confirmed/affirmed amount) Currency code of Tolerance Amount must match with trading currency code Amount X(03)9(4). 9(2) O MYR Counterparty The identification of counter Party Text 9(06) M The identification of the Counterparty (sponsoring broker) 2.21 Name of Buyer/Seller 2.22 Unique Identifier for NTCP End Client Text X(35) O Unique ID assigned by the NTCP to identify the creation instruction Text X(16) M Unique ID assigned by the NTCP to reference to the creation Copyright Bursa Malaysia Bhd All Rights Reserved Page 18

19 # Name Descriptions Data ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark instruction 2.23 Remark Remark Text X(210) O Blank filled Copyright Bursa Malaysia Bhd All Rights Reserved Page 19

20 3.3 Acknowledgement of Settlement Instructions (NTCP OB) (Filename- APT003) # Name Descriptions Data Length Filled Remark 3.1 OB Code Identifier code defined to Text X(04) M OB code identify each OB 3.2 Unique Identifier for Instruction by OB Unique ID assigned by the OB to reference the instruction Text X(16) M Unique ID assigned by the OB to reference to the instructions Eg. Unique Identifier for Creation by OB for Creation Instructions Or Unique Identifier for Cancellation by OB for Cancellation Instructions. Combination of this field + Creation Date + OB Code will uniquely identify the instruction this message is acknowledging. Copyright Bursa Malaysia Bhd All Rights Reserved Page 20

21 # Name Descriptions Data Length Filled Remark 3.3 Creation Date for OB Date when the unique ID is generated ISODate X(10) M yyyy-mm-dd 3.4 Unique Identifier for NTCP 3.5 Creation Date for NTCP Unique ID assigned by the NTCP to identify the creation instruction Date when the file is Generated by NTCP Text X(16) M Unique ID assigned by the NTCP to reference to the creation instruction ISODate X(10) M yyyy-mm-dd 3.6 NTCP Code Identifier code defined to identify the NTCP in ECH Text 9(06) O NTCP Code Copyright Bursa Malaysia Bhd All Rights Reserved Page 21

22 3.4 Status of Settlement Instructions (NTCP OB) (Filename- APT004) # Name Descriptions Data Length Filled Remark 4.1 OB Code Identifier code defined to Text X(04) M OB Code identify each OB 4.2 Unique Identifier for Creation Instruction by OB Unique ID assigned by the OB to reference the creation instruction Text X(16) M Unique ID assigned by the OB to reference to the instructions Combination of this field + Creation Date + OB Code will uniquely identify the instruction this message is referencing. 4.3 Creation Date for OB Date when the unique ID is generated ISODate X(10) M yyyy-mm-dd 4.4 Creation Date for NTCP Date when the file is generated by NTCP ISODate X(10) M yyyy-mm-dd 4.5 NTCP Code Identifier code defined to identify the NTCP in ECH Text 9(06) M NTCP Code 4.6 Unique Identifier for NTCP Unique ID assigned by the NTCP to identify the creation instruction Text X(16) M Unique ID assigned by the NTCP to reference to the creation instruction Copyright Bursa Malaysia Bhd All Rights Reserved Page 22

23 # Name Descriptions Data 4.7 Settlement Instruction Status ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Length Filled Remark Status of settlement instruction Code X(04) M AFFI- Affirmed. NAFI-Unaffirmed. 4.8 Rejection Code Rejection Code Code X(04) O Refer to Rejection Codes table below for list of rejection codes. 4.9 Proprietary Rejection Code Proprietary Rejection Code Code X(04) O Refer to Proprietary Rejection Codes table below for list of proprietary rejection codes Cancellation Code Cancellation Code Code X(04) O Refer to Cancellation Code table below for list of cancellation codes Unmatched Status Unmatched Status Code X(04) O Refer to Unmatched Code table below for list of unmatched codes Name of Buyer/Seller End Client Text X(35) O 4.13 Remark Remark Text X(210) O Copyright Bursa Malaysia Bhd All Rights Reserved Page 23

24 3.5 Trade Settlement Status (NTCP OB) (Filename- APT005) # Name Descriptions Data Length Filled Remark 5.1 OB Code Identifier code defined to identify each OB Text X(04) M OB Code 5.2 Unique Identifier for Creation Instruction by OB Unique ID assigned by the OB to reference the creation instruction Text X(16) M Unique ID assigned by the OB to reference to the instructions Combination of this field + Creation Date + OB Code will uniquely identify the instruction this message is referencing. 5.3 Creation Date for OB 5.4 Creation Date for NTCP Date when the unique ID is generated Date when the file is Generated by NTCP ISODate X(10) M yyyy-mm-dd ISODate X(10) M yyyy-mm-dd 5.5 NTCP Code Identifier code defined to identify the NTCP in ECH Text 9(06) M NTCP Code 5.6 Unique Identifier for NTCP Unique ID assigned by the NTCP to identify the creation instruction Text X(16) M Unique ID assigned by the NTCP to reference to the creation instruction Copyright Bursa Malaysia Bhd All Rights Reserved Page 24

25 # Name Descriptions Data Length Filled Remark 5.7 Trade Settled in the Market Status of trade settlement Code X(04) M SETL Settled 5.8 Quantity of Shares Settled 5.9 Settlement Amount Quantity of shares settled Currency Code (ISO 4217) + Amount of trade settled Currency code of Settlement Amount must match with trading currency code DecimalN umber Amount 9(18) M Quantity of shares settled e,g x(3)9(12). 9(2) M MYR Name of Buyer/Seller End Client Text X(35) O 5.11 Remark Remark Text X(210) O Copyright Bursa Malaysia Bhd All Rights Reserved Page 25

26 3.6 Error Codes Rejection Code Code Descriptions ADEA Transaction/instruction received after the account servicer's specified deadline. BATC Unrecognised or invalid processing batch, that is, daytime/real-time while only possible to settle in overnight batch. CAEV Corporate action pending on the financial instrument instructed. CASH Unrecognised or invalid cash account. CASY Impossible standing arrangements override instruction for the cash settlement system. DDAT Unrecognised or invalid settlement date. DDEA Unrecognised or invalid deal price. DEPT Unrecognised or invalid depository. DMON Unrecognised or invalid settlement amount DQUA Unrecognised or invalid instructed quantity. DSEC Unrecognised or invalid financial instrument identification. DTRD Unrecognised or invalid trade date or requested trade date or future trade date. ICAG Unrecognised or invalid participant of delivering or receiving depository. ICUS Unrecognised or invalid client of delivering or receiving party 1. IEXE Unrecognised or invalid client of delivering or receiving party 2. IIND Unrecognised, invalid or missing common reference. INPS Unrecognised, invalid or missing Place of Safekeeping. LATE Received after market deadline. MINO Quantity instructed is lower than the minimum existing settlement quantity for the financial instrument. MUNO Quantity instructed is not a multiple of an existing settlement quantity lot for the financial instrument. NCRR Rejection Unrecognised or invalid settlement amount currency. OTHR Other. See Narrative. PHYS Physical settlement is impossible for the instructed financial instrument. Copyright Bursa Malaysia Bhd All Rights Reserved Page 26

27 Code PLCE REFE RTGS SAFE SDUT SETR SETS TXST ASEAN Post Trade Services Technical Specifications version 1.0 Release 1 Descriptions Unrecognised or invalid place of trade. Instruction has a reference identical to another previously received instruction. It is not possible to use the RTGS system instructed (NRTG or YRTG). Unrecognised or invalid message sender's safekeeping account. Required stamp duty information is missing. Unrecognised or invalid settlement transaction type. Unrecognised or invalid settlement system/method instructed. Unrecognised or invalid tax status of the securities instructed. Proprietary Rejection Code Code Descriptions 0001 Error on Initiator code 0002 Error on Counterparty code 0003 Error on Trade Date 0004 Error on Settlement Date 0005 Error on Transaction Type 0006 Error on Type of Trade 0007 Error on Settlement Type 0008 Error on Securities Movement 0009 Error on Type of Exchange 0010 Error on Stock Code 0011 Error on ISIN Code 0012 Error on Quantity of share 0013 Error on Settlement Amount 0014 Error on Tolerance Amount 0015 Error on CDS Account (Initiator) 0016 Error on CDS Account (Counterparty) Copyright Bursa Malaysia Bhd All Rights Reserved Page 27

28 Code Descriptions 0017 Error on NTCP Ref Number 0018 Error on Contract Number 0019 Error on Linking Reference 0020 Error on Unique Identifier 0021 Error on Action 0022 Error on TRS Number 0023 Error on Unit Price 0024 Error on Currency Code 0025 Insufficient stock balance 0026 Error on Par Value Code 0027 Error on Securities Transaction Type Code 0028 Error on Issuer Code 0029 Error on Debit-Credit Indicator 0030 Error on Level Number 0031 Request Quantity Should Not Exceeded Trade Quantity 0032 Request Quantity Should Not Exceeded Outstanding Quantity 0033 Net Amount Must Not Be Less Than Trade Contract Amount 0034 Net Amount Must Not Be Greater Than Trade Contract Amount 0035 Net Amount Must Not Be Less Than Average Original Net Amount 0036 Net Amount Must Not Be Greater Than Average Original Net Amount 0037 No Trade Contract found On This Contract Date 0038 Matching information for level 1 and level 2 does not same 0039 Failed to create transfer transaction due to insufficient stock balance 0040 Cancellation not allowed due to transfer record already created at CDS. Copyright Bursa Malaysia Bhd All Rights Reserved Page 28

29 Cancellation Code Code CANI CANS CANT CANZ CORP CSUB CXLR OTHR SCEX Descriptions Transaction is cancelled by yourself. Transaction is cancelled by the system. Original transaction has been cancelled and replaced due to a corporate action. Original transaction has been cancelled and replaced to allow a partial or split settlement. Transaction has been cancelled due to a corporate Transaction is cancelled by the agent./initiating party Transaction is rejected by the executing party, the rejection is final therefore the order is cancelled in the system. Other. See Narrative. Transaction has been cancelled; the security no longer exists or is no longer eligible on the market instructed. For corporate action related cancellation, CORP should be used. Unmatched Code Code ADEA CLAT CMIS CPCA DDAT Descriptions Received after the account servicer's deadline. Processed on best effort basis. Counterparty's instruction was too late for matching A matching instruction from your counterparty could not be found. Counterparty cancelled their instruction Settlement date/time does not match. Copyright Bursa Malaysia Bhd All Rights Reserved Page 29