Instruction specifications - CASCADE PC - CBF - Spain
Instruments eligible in Iberclear
In the following tables M=Mandatory; O=Optional.
Deliver Free
M | Debit account | T2S PARTY BIC of CBF participant (alternative 4-digit account master or 7-digit account) |
M | Credit account | IBRCESMMXXX (alternative 4710000a) |
M | Trade Date | Trade Date |
O | Ref.no. | Common Trade Referenceb |
O | Partial Settlement Indicator | PART or NPARc |
O | Opt-out | Empty(default) or “Y” d |
O | Ex-trade | CCPN or XCPNd |
M | Buyer-P1 - BIC | Iberclear participant T2S Party BIC11 |
O | Buyer-P1 - SAC | Iberclear participant T2S Securities Account (SAC) |
M | Buyer-P2 b, g - BIC | BIC11 of final beneficiary |
or | Buyer-P2 b, g – DSS | Party 2 DSS (IBRC) – Ordering party`s CODnnnnnnnn (8-digits) or Tax ID |
Note: Common Trade reference, Opt-out and Ex-trd indicators, P1-BIC11, P1-SAC, P2-BIC11 and P2-SAC will be forwarded as matching relevant information to T2S.
Delivery against Payment (DvP), Delivery with Payment (DwP) and Payment Free of Delivery (PFoD DELI e)
M | Debit account | T2S PARTY BIC of CBF participant (alternative 4-digit account master or 7-digit account) |
M | Credit account | IBRCESMMXXX (alternative 4710000a) |
M | Trade Date | Trade Date |
O | Ref.no. | Common Trade Referenceb |
O | Partial Settlement Indicator | PART or NPARc |
O | Opt-out | Empty(default) or “Y” d |
O | Ex-trade | CCPN or XCPNd |
M | Countervalue | Cash amount (in EUR) f |
M | Buyer-P1 - BIC | Iberclear participant T2S Party BIC11 |
O | Buyer-P1 - SAC | Iberclear participant T2S Securities Account (SAC) |
M | Buyer-P2 b, g - BIC | BIC11 of final beneficiary |
or | Buyer-P2 b, g – DSS | Party 2 DSS (IBRC) - Ordering party`s CODnnnnnnnn (8-digits) or Tax ID |
Note: Common Trade reference, Opt-out and Ex-trd indicators, P1-BIC11, P1-SAC, P2-BIC11 and P2-SAC will be forwarded as matching relevant information to T2S.
a. This account number can also be used for the delivery/receipt of German securities to/from local market participants.
b. Optional Matching field.
c. Only provide in order to prevent Partial Settlement.
d. Additional Matching field.
e. The cash receiving party instructs a securities delivery (PFoD DELI) with the securities nominal amount zero.
f. For a Delivery with Payment (DwP) instruction, the cash amount is entered with a negative (- sign) prefix.
g. 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.
Receive Free
M | Credit account | T2S PARTY BIC of CBF participant (alternative 4-digit account master or 7-digit account) |
M | Debit account | IBRCESMMXXX (alternative 4710000a) |
M | Trade Date | Trade Date |
O | Ref.no. | Common Trade Referenceb |
O | Partial Settlement Indicator | PART or NPARc |
O | Opt-out | Empty(default) or “Y” d |
O | Ex-trade | CCPN or XCPNd |
M | Seller-P1 - BIC | Iberclear participant T2S Party BIC11 |
O | Seller-P1 - SAC | Iberclear participant T2S Securities Account (SAC) |
M | Seller-P2 b, g - BIC | BIC11 of final beneficiary |
or | Seller-P2 b, g – DSS | Party 2 DSS (IBRC) - Beneficiary`s CODnnnnnnnn (8-digits) or Tax ID |
Note: Common Trade reference, Opt-out and Ex-trd indicators, P1-BIC11, P1-SAC, P2-BIC11 and P2-SAC will be forwarded as matching relevant information to T2S.
Receive against Payment (RvP), Receive with Payment (RwP) and Payment Free of Delivery (PFoD RECE e)
M | Credit account | T2S PARTY BIC of CBF participant (alternative 4-digit account master or 7-digit account) |
M | Debit account | IBRCESMMXXX (alternative 4710000a) |
M | Trade Date | Trade Date |
O | Ref.no. | Common Trade Referenceb |
O | Partial Settlement Indicator | PART or NPARc |
O | Opt-out | Empty(default) or “Y” d |
O | Ex-trade | CCPN or XCPNd |
M | Countervalue | Cash amount (in EUR) f |
M | Seller-P1 - BIC | Iberclear participant T2S Party BIC11 |
O | Seller-P1 - SAC | Iberclear participant T2S Securities Account (SAC) |
M | Seller-P2 b, g - BIC | BIC11 of final beneficiary |
or | Seller-P2 b, g – DSS | Party 2 DSS (IBRC) - Beneficiary`s CODnnnnnnnn (8-digits) or Tax ID |
Note: Common Trade reference, Opt-out and Ex-trd indicators, P1-BIC11, P1-SAC, P2-BIC11 and P2-SAC will be forwarded as matching relevant information to T2S.
a. This account number can also be used for the delivery/receipt of German securities to/from local market participants.
b. Optional Matching field.
c. Only provide in order to prevent Partial Settlement.
d. Additional Matching field.
e. The cash delivering party instructs a securities delivery (PFoD RECE) with the securities nominal amount zero.
f. For a Receive with Payment (RwP) instruction, the cash amount is entered with a negative (- sign) prefix.
g. 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.