Instruction specifications - Xact Web Portal - Spain

30.11.2020

In the following tables, M=Mandatory; O=Optional.

Instruments eligible in Iberclear 

Receive Free

O

Common ID

Client reference a

M

Trade date

 

O

Trade transaction cond.

XCPN - Ex coupon or
CCPN - Cum coupon d

O

Sett. transaction cond.

NOMC - No automatic market claim d

O

Partial settlement b

PART - Partial allowed (default in T2S)
NPAR - Partial not allowed


Delivering settlement parties


M

Depository Format

BIC

 

Depository Identifier

IBRCESMMXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 1 Safekeeping account a

counterparty's account in T2S

M

Party 2 Format a, e

BIC

 

Party 2 Identifier

ordering party's BIC

or

Party 2 Format a, e

Proprietary


Party 2 Issuer

ordering party's proprietary (DSS) code

 

Party 2 Identifier

Ordering party’s CODnnnnnnnn (8-digits) or Tax ID

O

Party 2 Safekeeping account

ordering party’s account


Receiving settlement parties


O

Depository Format

BIC


Depository Identifier

BIC of receiving settlement party depository

O

Party 1 Format

BIC


Party 1 Identifier

DAKVDEFFXXX


Party 1 Safekeeping account

(T2S SAC number)

IBRCDAKVDEFFXXX000000001OMEX0000001

O

Party 2 Format

BIC, Name or Proprietary d


Party 2 Issuer

If Format is Proprietary:

Buyer’s proprietary (DSS) code


Party 2 Identifier

Buyer’s BIC, Name or Proprietary value

Receive against payment

O

Common ID

Client reference a

M

Trade date

 

O

Deal price

 

O

Trade transaction cond.

XCPN - Ex coupon or
CCPN - Cum coupon b

O

Sett. transaction cond.

NOMC - No automatic market claim b

O

Partial settlement c

PART - Partial allowed (default in T2S)
NPAR - Partial not allowed


Delivering settlement parties


M

Depository Format

BIC

 

Depository Identifier

IBRCESMMXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 1 Safekeeping account a

counterparty's account in T2S

M

Party 2 Format a, e

BIC

 

Party 2 Identifier

ordering party's BIC

or

Party 2 Format a, e

Proprietary


Party 2 Issuer

ordering party's proprietary (DSS) code

 

Party 2 Identifier

Ordering party’s CODnnnnnnnn (8-digits) or Tax ID

O

Party 2 Safekeeping account

ordering party’s account


Receiving settlement parties


O

Depository Format

BIC


Depository Identifier

BIC of receiving settlement party depository

O

Party 1 Format

BIC


Party 1 Identifier

DAKVDEFFXXX


Party 1 Safekeeping account

(T2S SAC number)

IBRCDAKVDEFFXXX000000001OMEX0000001

O

Party 2 Format

BIC, Name or Proprietary d


Party 2 Issuer

If Format is Proprietary:

Buyer’s proprietary (DSS) code


Party 2 Identifier

Buyer’s BIC, Name or Proprietary value

Deliver Free

O

Common ID

Client reference a

M

Trade date

 

O

Trade transaction cond.

XCPN - Ex coupon or
CCPN - Cum coupon b

O

Sett. transaction cond.

NOMC - No automatic market claim b

O

Partial settlement c

PART - Partial allowed (default in T2S)
NPAR - Partial not allowed


Receiving settlement parties


M

Depository Format

BIC

 

Depository Identifier

IBRCESMMXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 1 Safekeeping account a

counterparty's account in T2S

M

Party 2 Format a, e

BIC

 

Party 2 Identifier

beneficiary's BIC

or

Party 2 Format a,e

Proprietary


Party 2 Issuer

beneficiary 's proprietary (DSS) code

 

Party 2 Identifier

beneficiary's CODnnnnnnnn (8-digits) or Tax ID

O

Party 2 Safekeeping account

beneficiary's account


Delivering settlement parties


O

Depository Format

BIC


Depository Identifier

BIC of delivering settlement party depository

O

Party 1 Format

BIC


Party 1 Identifier

DAKVDEFFXXX


Party 1 Safekeeping account

(T2S SAC number)

IBRCDAKVDEFFXXX000000001OMEX0000001

O

Party 2 Format

BIC, Name or Proprietary d


Party 2 Issuer

If Format is Proprietary:

Seller’s proprietary (DSS) code


Party 2 Identifier

Seller’s BIC or Name or Proprietary value

Deliver against payment

O

Common ID

Client reference a

M

Trade date

 

O

Deal price

 

O

Trade transaction cond.

XCPN - Ex coupon or
CCPN - Cum coupon b

O

Sett. transaction cond.

NOMC - No automatic market claim b

O

Partial settlement c

PART - Partial allowed (default in T2S)
NPAR - Partial not allowed


Receiving settlement parties


M

Depository Format

BIC

 

Depository Identifier

IBRCESMMXXX

M

Party 1 Format

BIC

 

Party 1 Identifier

counterparty’s BIC

O

Party 1 Safekeeping account a

counterparty's account in T2S

M

Party 2 Format a, e

BIC

 

Party 2 Identifier

beneficiary's BIC

or

Party 2 Format a,e

Proprietary


Party 2 Issuer

beneficiary 's proprietary (DSS) code

 

Party 2 Identifier

beneficiary's CODnnnnnnnn (8-digits) or Tax ID

O

Party 2 Safekeeping account

beneficiary's account


Delivering settlement parties


O

Depository Format

BIC


Depository Identifier

BIC of delivering settlement party depository

O

Party 1 Format

BIC


Party 1 Identifier

DAKVDEFFXXX


Party 1 Safekeeping account

(T2S SAC number)



IBRCDAKVDEFFXXX000000001OMEX0000001

O

Party 2 Format

BIC, Name or Proprietary d


Party 2 Issuer

If Format is Proprietary:

Seller’s proprietary (DSS) code


Party 2 Identifier

Seller’s BIC, Name or Proprietary value

a. Optional matching fields.
b. Additional matching fields.
c. Only provide in order to prevent partial settlement. Iberclear only accepts indicators COEX/PARQ and COEX/PARC when instructing in ISO20022.
d. This optional matching field will be forwarded as received.  T2S will only match if provided with format BIC or proprietary.  If not present, Clearstream will default the customer’s matching BIC for the instructing account (refer to Announcement A16033).
e. If the counterparty is a Spanish resident, the Tax ID must be provided. If the counterparty is not a Spanish resident, then either the BIC or, if the BIC is not available, Iberclear's assigned CODnnnnnnnn code must be provided. If the DEAG/REAG is specified by BIC, the SELL/BUYR field must indicate the registration party, using the BIC, CODnnnnnnnn or Tax ID, as appropriate.