sr2016: new enhancements supported by citi · sequence b traddet sequence c fiac sequence e1 94l...

Markets & Securities Services | SWIFT

15 July 2016

SR2016: New Enhancements Supported by Citi

as of 15 July 2016

The following SWIFT SR2015 enhancements to be supported as of November 20th 2016 for Regions A, B and C,

unless otherwise indicated

If messages are not present in the list below it indicates that no changes are taking place in Citi for those messages.

Regions

Region A

Asia Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Sri

Lanka, Taiwan, Thailand, Vietnam

Central Europe Bosnia & Herzegovina, Bulgaria, Croatia, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Macedonia, Russia, Serbia, Slovak Republic, Slovenia, Ukraine

Europe Austria, Belgium, Clearstream Banking, Cyprus, Denmark, Euroclear Banking, Finland, France, Germany, Greece, Iceland,

Ireland, Italy, Malta, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Latin America/Central America Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru, Uruguay, Venezuela

North America Canada

Middle East/Africa Bahrain, Benin, Botswana, Burkina Faso, Ghana, Guinea- Bissau, Ivory Coast, Jordan, Kenya, Kuwait, Lebanon, Mali, Mauritius, Namibia, Niger, Nigeria, Oman, Palestine, Qatar, Saudi Arabia, Senegal, South Africa, Tanzania, Togo, Tunisia, UAE, Uganda, Zambia, Zimbabwe

Caribbean Bermuda, Jamaica,

Region B

Czech Republic, Egypt, Hungary, Israel, Morocco, Pakistan, Poland, Romania, Turkey, Ukraine

Region C

United States

All applicable conditional, network validated and usage rules will be supported.

Where wording has change in the standard, added text is show in bold in green shading. Removed text is shown in red shading with strike through text.

For Settlement Instruction and Confirmations, Status and Processing Advices, Interposition Movements and Settlement Allegements:

Message Sequence Tag Qualifier / Code Description

MT540

MT541

MT542

MT543

MT544

MT545

MT546

MT547

MT578

MT508

Sequence B

TRADDET

and

Sequence B1

FIA

90A

Price

DEAL

INDC

MRKT

EXER

Requirement 1.0

Addition of a negative price indicator where field 90A appears in a message and the Percentage Type Code “YIEL” is used.

Format Option A for field 90a will become :4!c//4!c/[N]15d (Qualifier)(Percentage Type Code)(Sign)(Price) Price Qualifiers with field 90A include

MT540-MT547 & MT578 :90A::DEAL//YIEL/[N]15d (Sequence B)

:90A::INDC//YIEL/[N]15d (Sequence B1) :90A::MRKT//YIEL/[N]15d (Sequence B1) :90A::EXER//YIEL/[N]15d (Sequence B1)

Client Impact

Citi will accept the negative price indicator on inbound instructions and will play back on outbound messages where the qualifier is played back today. No changes will be made to the MT508


MT540

MT541

MT542

MT543

MT544

MT545

MT546

Sequence B

TRADDET

Sequence C

FIAC

Sequence E1

94L

Place

95L

Party

MINO Requirement 1.1

Addition of the LEI alongside existing 94a Place and 95a Party fields (with qualifier ALTE,

Alternate Identification) throughout the messages l isted. The use of the LEI is optional and cannot be used on its own.

The new format is option L

MT547

MT578

MT548

SETPRTY

Sequence E2

CSHPRTY

Sequence F

OTHRPRTY

Sequence B

SETTRAN

Sequence B1

SETPRTY

Sequence C

ADDINFO

Option L :4!c//18!c2!n (Qualifier)(Legal Entity Identifier)

New Network Validation Rules are being introduced to mandate the presence of existing fields before the LEI is used and also that where 95S and 95L ALTE exist, it can be repeated

but one format option cannot be repeated more than once. Examples:

Place of Trade and Place of Clearing (Sequence B) :16R:TRADDET :94B::TRAD//4!c/4!c

:94L::TRAD//18!c2!n … :16S:TRADDET

:16R:TRADDET :94H::CLEA//4!a2!a2!c[3!c] :94L::CLEA//18!c2!n

… :16S:TRADDET is allowed but the use of field 95L on its own is not allowed, ie

:16R:TRADDET :94L::TRAD//18!c2!n

… :16S:TRADDET is not allowed

Place of Safekeeping (Sequence C)

:16R:FIAC … :94F::SAFE//4!c /4!a2!a2!c[3!c]

:94L::SAFE//18!c2!n … :16S:FIAC

is allowed but the use of field 95L on its own is not allowed, ie :16R:FIAC

… :95L::SAFE//18!c2!n … :16S:FIAC

is not allowed

Settlement Parties (Sequence E1) :16R:SETPRTY

:95P::DEAG//4!a2!a2!c[3!c] :95L::ALTE//18!c2!n … :16S:SETPRTY

or :16R:SETPRTY

:95P::DEAG//4!a2!a2!c[3!c] … :16S:SETPRTY

are allowed but the use of field 95L on its own is not allowed, ie :16R:SETPRTY

:95L::ALTE//18!c2!n … :16S:SETPRTY

is not allowed (as per existing rules when :95S::ALTE is used). ALTE has been made repetitive so both format options 95S and 95L can be used together, for example

:16R:SETPRTY :95P::SELL//4!a2!a2!c[3!c] :95L::ALTE//18!c2!n

:95S::ALTE/[8c]/4!c/2!a/30x

… :16S:SETPRTY

The order of qualifier ALTE with format options S or L does not matter. 95S and 95L cannot be used on their own, for example :16R: SETPRTY

:95L::ALTE//18!c2!n :95S::ALTE/[8c]/4!c/2!a/30x … :16S:SETPRTY

is not allowed

Client Impact

Citi will accept the LEI on inbound instructions and will play back on outbound messages. No specific processing will be applied where the LEI is received.


MT540

MT541

MT542

MT543

MT544

MT545

MT546

MT547

MT578

MT508

Sequence B1

FIA

36B

Quantity


Change in definition of Quantity qualifier MINO (Minimum Nominal Quantity (Minimum

Nominal Value)) in field 36B Quantity in sequence B1 Financial Instrument Attributes MINO Minimum Nominal Quantity (Minimum Nominal Value) Minimum nominal quantity of financial instrument that must be purchased/sold..

Client Impact

No impact to clients as Citi do not support at present. Change in definition only that Citi will

comply with for any future implementation of this Quantity field


MT540

MT541

MT542

MT543

MT544

MT545

MT546

MT547

MT548

Sequence E

SETDET

Sequence B

SETTRAN

22F

Indicator

STCO//NACT Requirement 1.3

Addition of new indicator code NACT (Not Accounting Related) to qualifier STCO Settlement Transaction Condition Indicator to field 22F Indicator in sequence E Settlement Details of the settlement instruction and confirmation messages and sequence B Settlement Transaction

Details of the MT548. NACT Not Accounting Related

Security transaction is not for accounting

Client Impact

Citi will not be implementing any processing around the codeword at this time. Clients will be

advised of any future implementation of this codeword via a separate Service Watch. Any instruction with the new code received will be processed as normal and not rejected.


MT548 Sequence A2a

REAS

24B

REAS

NMAT//DCMX

NMAT//DMCT

Requirement 1.4

Addition of codes DCMX (Disagreement Cum Ex) and DMCT (Disagreement Automatic Generation in field 24B with qualifier NMAT (Unmatched Reason) in sequence A2a Reason of the MT548

DCMX Disagreement Cum Ex

Disagreement if trade was executed cum or ex

DMCT Disagreement Automatic Generation

Disagreement on automatic generation of market claim or transformation

Client Impact

Citi will be implementing these new codes and clients should expect to receive these where

relevant


MT508 Sequence B2a

INPOS

22F

Indicator

CAEV//SOFF Requirement 1.5

Change in definition of Corporate Action Event Indicator qualifier CAEV code SOFF (Spin Off)

in field 22F Indicator in sequence B2a Intra-Position Details SOFF Spin Off A distribution of subsidiary stock to the shareholders of the parent company without a

surrender of shares. Spin-off represents a form of divestiture usually resulting in an independent company securities issued by another company. The distri buted securities may either be of a newly created or in of an existing company. For example, spin-off, demerger,

distribution, unbundling, divestment.

Client Impact

No impact to clients as Citi do not support at present. Change in definition only that Citi will

comply with for any future implementation of this Corporate Action Event Indicator field


MT508 Sequence B2a

INPOS

22F

Indicator


Change in definition of Corporate Action Event Indicator qualifier CAEV code BONU (Bonus Issue / Capitalisation Issue) in field 22F Indicator in sequence B2a Intra -Position Details BONU Bonus Issue / Capitalisation Issue

Bonus, scrip or capitalisation issue. Security holders receive additional assets free of payment from the issuer, in proportion to their holding.

Client Impact

No impact to clients as Citi do not support at present. Change in definition only that Citi will comply with for any future implementation of this Corporate Action Event Indicator field

For Statement Messages:


MT535

MT536

MT538

MT586

Sequence B1

FIN

Sequence B1a

FIA

Sequence B1

FIN

Sequence B1

FIA

Sequence B

ALLDET

Sequence B2

FIA

90A

Price

DEAL

INDC

MRKT

EXER

Requirement 1.7

Addition of a negative price indicator where field 90A appears in a message and the Percentage Type Code “YIEL” is used.

Format Option A for field 90a will become :4!c//4!c/[N]15d (Qualifier)(Percentage Type Code)(Sign)(Price) Price Qualifiers with field 90A include

MT586 :90A::DEAL//YIEL/[N]15d (Sequence B)

Client Impact

Minimal impact. Citi do not support this information currently in the MT535, MT536 and MT538. The only message impacted may be the MT586 and the information will only be sent

if received


MT535

Sequence A

GENL

Sequence B

SUBSAFE

Sequence B1b

SUBBAL

94L

Place

95L

Party


Addition of the LEI alongside existing 94a Place and 95a Party fields (with qualifier ALTE,

Alternate Identification) throughout the messages l isted. The use of the LEI is optional and cannot be used on its own. The new format is option L

MT536

MT537

MT586

Sequence A

GENL

Sequence B

SUBSAFE

Sequence B1a2

TRANSDET

Sequence B1a2A

SETPRTY

Sequence B2b

TRANSDET

Sequence C2

TRANSDET

Sequence A

GENL

Sequence B

LINK

Sequence B3

FIAC

Sequence B5a

SETPRTY

Sequence C

ADDINFO

Option L :4!c//18!c2!n (Qualifier)(Legal Entity Identifier) New Network Validation Rules are being introduced to mandate the presence of existing

fields before the LEI is used and also that where 95S and 95L ALTE exist, it can be repeated but one format option cannot be repeated more than once. Examples:

Place of Trade and Place of Clearing :16R:TRADDET

:94B::TRAD//4!c/4!c :94L::TRAD//18!c2!n …

:16S:TRADDET :16R:TRADDET :94H::CLEA//4!a2!a2!c[3!c]

:94L::CLEA//18!c2!n … :16S:TRADDET

is allowed but the use of field 95L on its own is not allowed, ie :16R:TRADDET

:94L::TRAD//18!c2!n … :16S:TRADDET

is not allowed

Place of Safekeeping :16R:FIAC …

:94F::SAFE//4!c /4!a2!a2!c[3!c] :94L::SAFE//18!c2!n …

:16S:FIAC

is allowed but the use of field 95L on its own is not allowed, ie

:16R:FIAC … :95L::SAFE//18!c2!n …

:16S:FIAC is not allowed

Settlement Parties

:16R:SETPRTY :95P::DEAG//4!a2!a2!c[3!c] :95L::ALTE//18!c2!n …

:16S:SETPRTY or

:16R:SETPRTY :95P::DEAG//4!a2!a2!c[3!c] …

:16S:SETPRTY are allowed but the use of field 95L on its own is not allowed, ie

:16R:SETPRTY :95L::ALTE//18!c2!n …

:16S:SETPRTY is not allowed (as per existing rules when :95S::ALTE is used). ALTE has been made repetitive so both format options 95S and 95L can be used together, for example

:16R:SETPRTY :95P::SELL//4!a2!a2!c[3!c]

:95L::ALTE//18!c2!n

:95S::ALTE/[8c]/4!c/2!a/30x … :16S:SETPRTY

The order of qualifier ALTE with format options S or L does not matter. 95S and 95L cannot be used on their own, for example

:16R: SETPRTY :95L::ALTE//18!c2!n :95S::ALTE/[8c]/4!c/2!a/30x …

:16S:SETPRTY is not allowed

Client Impact

Citi will play back on outbound statements when received on an instruction or from an allegement in the MT586. No specific processing will be applied where the LEI is received. The

MT535 is not in scope for this release


MT535

MT538

MT586

Sequence B1a

FIA

Sequence B1

FIA

Sequence B2

FIA

36B

Quantity


Change in definition of Quantity qualifier MINO (Minimum Nominal Quantity (Minimum Nominal Value)) in field 36B Quantity in sequence B1 Financial Instrument Attributes MINO Minimum Nominal Quantity (Minimum Nominal Value)

Minimum nominal quantity of financial instrument that must be purchased/sold..

Client Impact

No impact to clients as Citi do not support at present. Change in definition only that Citi will comply with for any future implementation of this Quantity field


MT537 Sequence B1

REAS

Sequence C3a

REAS

24B

REAS

NMAT//DCMX

NMAT//DMCT

Requirement 1.10

Addition of codes DCMX (Disagreement Cum Ex) and DMCT (Disagreement Automatic Generation in field 24B with qualifier NMAT (Unmatched Reason) in sequence A2a Reason of the MT548

DCMX Disagreement Cum Ex

Disagreement if trade was executed cum or ex

DMCT Disagreement Automatic Generation

Disagreement on automatic generation of market claim or transformation

Client Impact

Citi will be implementing these new codes and clients should expect to receive these where relevant


MT536

MT537

MT538

Sequence B1a2

TRANSDET

Sequence B2b

TRANSDET

Sequence C2

TRANSDET

Sequence B2a

INPOS

22F

Indicator


Change in definition of Corporate Action Event Indicator qualifier CAEV code SOFF (Spin Off) in field 22F Indicator in sequence B2a Intra-Position Details

SOFF Spin Off A distribution of subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture usually resulting in an

independent company securities issued by another company. The distributed securities may either be of a newly created or in of an existing company. For example, spin-off, demerger, distribution, unbundling, divestment.

Client Impact

Definition change only. No impact to clients as Citi do not support at present in the MT538

and in the MT536 and MT537 the current code will sti l l be present where applicable


MT536

MT537

MT538

Sequence B1a2

TRANSDET

Sequence B2b

TRANSDET

Sequence C2

TRANSDET

Sequence B2a

INPOS

22F

Indicator


Change in definition of Corporate Action Event Indicator qualifier CAEV code BONU (Bonus Issue / Capitalisation Issue) in field 22F Indicator in sequence B2a Intra -Position Details BONU Bonus Issue / Capitalisation Issue

Bonus, scrip or capitalisation issue. Security holders receive additional assets free of payment from the issuer, in proportion to their holding.

Client Impact

Definition change only. No impact to clients as Citi do not support at present in the MT538 and in the MT536 and MT537 the current code will sti l l be present where applicable

For Corporate Action Messages: Message Sequence Tag Qualifier / Code Description

MT565 Sequence D

CAINST

90A

Price

INDC

MRKT

ISSU

OFFR

PRPP

Requirement 1.13

Optional addition of a negative price indicator where field 90A appears in a message and the

Percentage Type Code “YIEL” is used. Format Option A for field 90a will become :4!c//4!c/[N]15d (Qualifier)(Percentage Type Code)(Sign)(Price)

Price Qualifiers with field 90A include :90A::INDC//YIEL/[N]15d :90A::MRKT//YIEL/[N]15d

:90A::ISSU//YIEL/[N]15d

:90A::OFFR//YIEL/[N]15d :90A::PRPP//YIEL/[N]15d

Update to field Network Validation Rules and Usage Rules Field Network Validation Rules The integer part of Price and Index Points must contain at least one digit. A decimal comma is

mandatory and is included in the maximum length (Error code(s): T40, T43). Currency Code must be a valid ISO 4217 currency code (Error code(s):T52). When Sign sign is present, Index Points must not be zero (Error code(s): T14). When Sign is present, Price must not be zero (Error code(s): T14).

Field Usage Rules The number of decimal digits in Price is not validated against the currency specified.

Generic Cash Price Received per Product (OFFR) and Generic Cash Price Paid per Product (PRPP) are prices received or paid in the course of an event. The specific meaning (redemption price, subscription price, reinvestment price, etc.) is derived from the event type.

Sign must be present when Price is negative. Sign may only be present if Percentage Type Code is YIEL.

Client Impact

Citi will not reject the MT565 if a negative Yield price is received. The negative sign will also be added to the MT564 and MT566 but Citi will not be supporting at this time due to negligible volumes


MT564

MT566

Sequence F

ADDINFO

Sequence C

CADETL

Sequence E

ADDINFO

70a

Narrative

Various Requirement 1.14

MT564 Sequence F (ADDINFO)

Deletion of narrative qualifier DECL, Declaration Details :70E::DECL//

MT565

Sequence C

BENODET

Sequence D

CAINST

Sequence E

ADDINFO

Definition

DECL Declaration Details Provides declaration details narrative relative to the financial instrument, for example, beneficial ownership.

MT566 Sequence C (CADETL) Deletion of narrative field 70E and all related qualifiers

:70E:: Narrative Definition

This qualified generic field specifies: ADTX Additional Text Provides additional information or specifies in more detail the content of a message. This

field may only be used when the information to be transmitted, cannot be coded. COMP Information to be Complied With Provides information conditions to the account owner that are to be complied with, for

example, not open to US/Canadian residents, QIB or SIL to be provided. INCO Information Conditions Provides conditional information related to the event, for example, an offer is subject to 50%

acceptance, the offeror allows the securities holder to set some conditions. NAME Name

Provides the new name of a company following a name change. OFFO Offeror Provides the entity making the offer and is different from the issuing company. TAXE Taxation Conditions

Details on taxation conditions that cannot be included within the structured fields of this message and has not been mentioned in the related MT 564 or in the SLA.

TXNR Narrative Version Provides information that can be ignored for automated processing; - reiteration of information that has been included within structured fields of this message, - or narrative information not needed for automatic processing.

MT566 Sequence C (CADETL)

Deletion of Network Validation Rule C5 C5

If field :70E::NAME is used in sequence C, then field :22F::CAEV//CHAN must be present in sequence A and :22F::CHAN//NAME must be present in sequence C (Error code(s): D99). MT566 Sequence E (ADDINFO)

Deletion of narrative qualifier DECL (Declaration Details), REGI (Registration Details), INCO (Information Conditions), COMP (Information to be Complied With) and BAIN (Basket or Index Information)

:70E::DECL// :70E::REGI//

:70E::INCO// :70E::COMP// :70E::BAIN//

Definition BAIN Basket or Index Information Provides additional information on the basket or index underlying a security, for example a

warrant. COMP Information to be Complied With Provides information conditions to the account owner that are to be complied with, for

example, not open to US/Canadian residents, QIB or SIL to be provided. DECL Declaration Details Provides declaration details narrative relative to the financial instrument, for example,

beneficial ownership. INCO Information Conditions Provides conditional information related to the event, for example, an offer is subject to 50%

acceptance, the offeror allows the securities holder to set some conditions. REGI Registration Details Provides information required for the registration.

MT565 Sequence C (BENODET)

Deletion of narrative qualifier DECL, Declaration Details

:70E::DECL//

Definition DECL Declaration Details Provides declaration details narrative relative to the financial instrument, for example, beneficial ownership.

MT565 Sequence D (CAINST) Deletion of narrative qualifier DISC, Disclaimer

:70E::DISC//

Definition DISC Disclaimer Disclaimer relative to the information provided in the message. It may be ignored for automated processing. No information about the

instruction itself is allowed here. MT565 Sequence E (ADDINFO)

Deletion of narrative qualifiers ADTX (Additional Text), TXNR (Narrative Version), DI SC (Disclaimer) and BAIN (Basket or Index Information)

:70E::ADTX// :70E::TXNR// :70E::DISC// :70E::BAIN//

Definition

ADTX Additional Text Provides additional information or specifies in more detail the content of a message. This field may only be used when the information to be transmitted, cannot be coded. BAIN Basket or Index Information

Provides additional information on the basket or index underlying a security, for example a warrant. DISC Disclaimer

Disclaimer relative to the information provided in the message. It may be ignored for

automated processing. No information about the instruction itself is allowed here. TXNR Narrative Version Provides information that can be ignored for automated processing; - reiteration of

information that has been included within structured fields of this message, - or narrative information not needed for automatic processing.

Client Impact

Citi will no longer be sending the narrative fields or qualifiers being deleted from the standard. Clients should no longer instruct the narrative qualifiers being deleted from the MT565. Instructing them will mean the messages reject on the SWIFT Network


MT564

MT566

MT565

MT567

Sequence E

CAOPTN

Sequence E2

CASHMOVE

Sequence D

CACONF

Sequence D2

CASHMOVE

Sequence D

CAINST

Sequence B

CADETL

92a

Rate

19B

Amount

TAXE

WITF

WITL

TAXR

TAXB

Requirement 1.15

MT564 Sequence E (CAOPTN) MT566 Sequence D (CACONF)

MT564 Sequence E2 (CASHMOVE) MT566 Sequence D2 (CASHMOVE)

Deletion of field 92a Rate qualifiers TAXE (Tax Related Rate) and WITF (Withholding of Foreign Tax) :92J::TAXE//

:92a::WITF// (with Format Options 92A, 92F, 92K and 92R) Definition TAXE Tax Related Rate

Percentage of the gross dividend rate on which tax must be paid. WITF Withholding of Foreign Tax Rate at which the income will be withheld by the jurisdiction to which the income was originally paid, for which relief at source and/or reclaim may be

possible. MT564 Sequence E (CAOPTN) MT564 Sequence E2 (CASHMOVE)

MT566 Sequence D (CACONF)

MT566 Sequence D2 (CASHMOVE)

Update in definition to field 92a Rate qualifier TAXR, Withholding Tax Rate

Definition TAXR Withholding Tax Rate Percentage of a cash distribution that will be withheld by the tax authorities of the jurisdiction of the issuer, for which a relief at source and/or reclaim may be possible. a tax

authority. MT564 Sequence E (CAOPTN) MT564 Sequence E2 (CASHMOVE)

MT566 Sequence D (CACONF) MT566 Sequence D2 (CASHMOVE)

Addition of Format Option F to field 92a Rate qualifier TAXR Option F :4!c//3!a15d (Qualifier)(Currency Code)(Amount) MT564 Sequence E (CAOPTN)

Update in definition to the Code usage for Rate field format 92K CODES

In option K, if Qualifier is TAXR or Qualifier is ATAX or Qualifier is INDX or Qualifier is OVEP or Qualifier is PROR or Qualifier is NETT or Qualifier is TXIN WITF or Qualifier is WITL TXIN , Rate Type Code must contain the following code (Error code(s): K92):

UKWN Unknown Rate Rate is unknown by the sender or has not been established.


Update in definition to the field 92a Rate qualifier WITL WITL Second Level Withholding of Local Tax

Rate at which the income will be withheld by a jurisdiction other than the jurisdiction of the issuer's country of tax incorporation, for which a relief at source and/or reclaim may be possible. It is levied in complement or offset of the withholding tax rate (TAXR) levied by the

jurisdiction of the issuer's tax domicile. the jurisdiction in which the account owner is located,

for which a relief at source and/or reclaim may be possible.

MT564 Sequence E2 (CASHMOVE) Update in definition to the Code usage for Rate field format 92K

CODES In option K, if Qualifier is ATAX or Qualifier is CHAR or Qualifier is EQUL or Qualifier is ESOF or Qualifier is FDIV or Qualifier is FLFR or Qualifier is FISC or Qualifier is INCE or Qualifier is NETT or Qualifier is NRES or Qualifier is PDIV or Qualifier is RATE or Qualifier is SOFE or Qualifier is

TAXC or Qualifier is TAXR or Qualifier is TXIN or Qualifier is TXPR or Qualifier is TXRC or Qualifier is WITF or Qualifier is WITL, Rate Type Code must contain the following code (Error code(s): K92):

UKWN Unknown Rate Rate is unknown by the sender or has not been established. MT564 Sequence E2 (CASHMOVE)

MT566 Sequence D2 (CASHMOVE) MT567 Sequence B (CADETL) Deletion of field 19B Amount qualifier WITF (Withholding of Foreign Tax)

:19B::WITF//

Definition WITF Withholding of Foreign Tax Amount of money withheld by the jurisdiction in which the income was originally paid, for which relief at source and/or reclaim may be possible.


MT567 Sequence B (CADETL) Update in definition to the field 19B Amount qualifiers TAXR and WITL

TAXR Withholding Tax Amount Amount of a cash distribution that will be withheld by the tax authorities of the jurisdiction of the issuer, for which a relief at source and/or recl aim may be possible. a tax authority.

WITL Second Level Tax Amount Withholding of Local Tax Amount of money withheld by the jurisdiction other than the jurisdiction of the issuer's country of tax incorporation, for which a

relief at source and/or reclaim may be possible. It is levied in complement or offset of the withholding tax rate (TAXR) levied by the jurisdiction of the issuer's tax domicile. in which the account owner is located, for which relief at source and/or reclaim may be possible.

MT564 Sequence E (CAOPTN) Deletion of Network Validation Rule C6

C6 In each occurrence of sequence E and subsequence E2, if field :92J::TAXE is present, then

field :92F::GRSS must be present in the same sequence occurrence (Error code(s): E80). MT566 Sequence D (CACONF)

Deletion of Network Validation Rule C7 C7 In each occurrence of sequence D and subsequence D2, if field :92J::TAXE is present, then

field :92F::GRSS must be present in the same sequence occurrence (Error code(s): E80). MT564 Sequence E2 (CASHMOVE)

Update in definition to Network Validation Rule C8 C8

In each occurrence of sequence E and subsequence E2: • if field :92J::GRSS is present more than once, then for each occurrence of field :92J::GRSS, the Rate Type Code must be different.

• if field :92J::TAXE is present more than once, then for each occurrence of field :92J::TAXE, the Rate Type Code must be different. • if field :92J::NETT is present more than once, then for each occurrence of field :92J::NETT, the Rate Type Code must be different.

In each occurrence of subsequence E1 and subsequence E2, if field :92J::TAXC is present more than once, then for each occurrence of field :92J::TAXC, the Rate Type Code must be different (Error code(s): E78).

MT566 Sequence D2 (CASHMOVE) Update in definition to Network Validation Rule C4

C8 In each occurrence of sequence D and subsequence D2: • if field :92J::GRSS is present more than once, then for each occurrence of field :92J::GRSS,

the Rate Type Code must be different. • if field :92J::TAXE is present more than once, then for each occurrence of field :92J::TAXE, the Rate Type Code must be different. • if field :92J::NETT is present more than once, then for each occurrence of field :92J::NETT,

the Rate Type Code must be different. In each occurrence of subsequence D1 and subsequence D2, if field :92J::TAXC is present more than once, then for each occurrence of field :92J::TAXC, the Rate Type Code must be

different (Error code(s): E78). MT564 Sequence E (CAOPTN) and E2 (CASHMOVE)

Addition of Network Validation Rule C19 to Rate qualifier TAXR C19 In each occurrence of sequence E and subsequence E2, if one or more than one occurrence of

field :92a::WITL is present, then at least one occurrence of field :92a::TAXR must be present (Error code(s): E20).

MT566 Sequence D (CACONF) and D2 (CASHMOVE) Addition of Network Validation Rule C8 to Rate qualifier TAXR

C8 In sequence D and in each occurrence of subsequence D2, if one or more than one occurrence of field :92a::WITL is present, then at least one occurrence of field :92a::TAXR

must be present (Error code(s): E20). MT565 Sequence D (CAINST)

Deletion of field 92a Rate qualifiers TAXE and WITF :92a::WITF//

Definition WITF Withholding of Foreign Tax Rate at which the income will be withheld by the jurisdiction to which the income was

originally paid, for which relief at source and/or reclaim may be possible. MT565 Sequence D (CAINST)

Update in definition to the field 92a Rate qualifiers TAXB and WITL TAXB Requested Withholding Tax Taxation Rate Requested tax rate that will be withheld by the tax authorities of the jurisdiction of the issuer,

for which a relief at source and/or reclaim may be possible.in case of breakdown of tax rate, for example, used for adjustment of tax rate. This is the new requested applicable rate.

WITL Requested Second Level Tax Rate Withholding of Local Tax Requested rate at which the income will be withheld by the jurisdiction other than in which the jurisdiction of the issuer's country of tax Incorporation account owner is located , for which a relief at source and/or reclaim may be possible.

Client Impact

Clients should take note of the deletions and definition changes to the Rate and Amount fields.

TAXR is now the withholding tax in relation to the jurisdiction it applies to. WITL is a second level tax that may be applied outside of the issuer jurisdiction.

If WITL is present in the message, TAXR will also be present.

WIFT and TAXE will no longer be sent and can no longer be instructed on the MT565.


MT564

Sequence D

CADETL

98a

Date/Time

ECRD

ECPD

Requirement 1.16

Addition of field 98a Date / Time qualifier ECRD (Election to Counterparty Response Deadline). The qualifier is non-repetitive and the format options available are 98A, 98B and 98C

ECRD Election to Counterparty Response Deadline

Date/time the account servicer has set as the deadline to respond, with instructions, prior to

the election to counterparty market deadline. Change in definition of field 98a Date / Time qualifier ECPD

ECPD Election to Counterparty Market Deadline Deadline by which an entitled holder needs to advise their counterparty to a transaction of their election for a corporate action event, also known as Buyer Protection Deadline.

Client Impact

Citi do not currently support qualifier ECPD and not additions will be made as part of SR2016. Any support of the two qualifiers will be communicated via a separate Service Watch


MT564

Sequence D

CADETL

22F

Indicator

DIVI//SPRE Requirement 1.17

Addition of code SPRE (Special Dividend With Reinvestment) to field 22F qualifier DIVI

(Dividend Type Indicator) Definition

SPRE Special Dividend With Reinvestment Special dividend with reinvestment component.

Client Impact

Citi will supply the new Dividend Type Indicator code when applicable to the event


MT564

MT566

Sequence E

CAOPTN

Sequence D

CACONF

22F

Indicator

36B

Quantity

OPTF//QOVE

OPTF//QREC

QOVE

QREC

Requirement 1.18

MT564 Sequence E (CAOPTN) MT566 Sequence D (CACONF) Deletion of code QOVE (Over and Above) from field 22F qualifier OPTF (Option Features

MT565

MT567

Sequence C

BENODET

Sequence B

CADETL

QINS Indicator)

Deletion of code QREC (Quantity to Receive) from field 22F qualifier OPTF (Option Features Indicator)

Definition QOVE Over and Above Feature whereby the holder can elect a quantity to receive over and above normal ensured

entitlement. QREC Quantity to Receive Feature whereby the holder can elect a quantity to receive.

MT565 Sequence C (BENODET) Deletion of qualifier QOVE (Over and Above) from Balance field 36B

Definition QOVE Over and Above Feature whereby the holder can elect a quantity to receive over and above normal ensured

entitlement. MT565 Sequence C (BENODET) MT567 Sequence B (CADETL)

Deletion of qualifier QREC (Quantity to Receive) from Balance field 36a

Definition QREC Quantity to Receive Feature whereby the holder can elect a quantity to receive.

MT565 Sequence C (BENODET) Change in definition of qualifier QINS (Quantity Instructed) in Balance field 36a

Definition QINS Quantity of Securities Instructed Quantity of underlying securities to which this instruction applies.

MT565 Sequence C (BENODET)

Update to Code list and Usage Rules definition for qualifier QINS (Quantity Instructed) in

Balance field 36C CODES

In option C, if Qualifier is QINS, Quantity Code must contain the following code (Error code(s): K36): QALL All Securities Instruction applies to the entire eligible balance of underlying securities.

USAGE RULES QOVE (Quantity Instructed to be Received Over and Above Normal Ensured Entitlement) defines the quantity to receive on top of the normal entitlement, not the combined quantity. QINS could refer to one account in case of one account per instruction. It would refer to the

aggregated quantity of the different accounts if the instruction message refers to more than one account, that is multiple B2 subsequence. The Instructed Quantity (QINS) is to be provided unless the Quantity to Receive (QREC) is

requested in the related MT 564, for example, for :22F::CAEV//PRIO and DRIP. MT565 Sequence C (BENODET)

Update to Network Validation Rule C4 C4 In sequence D, field :36B::QINS or QREC cannot appear more than twice (maximum two

occurrences). When repeated, one occurrence must have Quantity Type Code FAMT and the other occurrence must have Quantity Type Code AMOR (Error code(s): C72).

MT567 Sequence B (CADETL) Update to Network Validation Rule C3

C3 In sequence B, field :36B::STAQ or QREC cannot appear more than twice (maximum two

occurrences). When repeated, one occurrence must have Quantity Type Code FAMT and the other occurrence must have Quantity Type Code AMOR (Error code(s): C71).

Client Impact

Clients should take note of the deletions and definition changes to the Indicator and Quantity fields.

QREC and QOVE will no longer be sent in the MT564 and can no longer be instructed on the

MT565.


MT564

MT566

MT565

MT568

Sequence B1

FIA

Sequence D

CADETL

Sequence B1

FIA

Sequence C

CADETL

Sequence B1

FIA

Sequence B1

FIA

36B

Quantity

MIEX

MILT

MINO

MAEX

Requirement 1.19

MT564 Sequence B1 (FIA) MT564 Sequence D (CADETL) MT566 Sequence B1 (FIA) MT566 Sequence C (CADETL)

MT565 Sequence B1 (FIA) MT568 Sequence B1 (FIA)

Deletion of field 36B Balance qualifiers MIEX and MILT Definition MIEX Minimum Exercisable Quantity

Minimum quantity of financial instrument or lot of rights/warrants that must be exercised. MILT Minimum Exercisable Multiple Quantity Minimum multiple quantity of financial instrument or lot of rights/warrants that must be

exercised. Deletion of associated Usage Rules for the field (Sequence D only)

USAGE RULES MIEX and MILT in the sequence D or E are different from the MIEX or MILT used in the financial instrument attributes (sequence B1) as they give indication on quantity of financial instrument in the precise context of the described corporate actions for a given account

servicer. In sequence B1, the quantity given are the quantity pertaining to the financial instrument in general, not specifics to the corporate action processing.

MT564 Sequence B1 (FIA) MT566 Sequence B1 (FIA) MT565 Sequence B1 (FIA) MT568 Sequence B1 (FIA)

Update in definition of field 36B Balance Qualifier MINO

Definition MINO Minimum Nominal Quantity (Minimum Nominal Value) Minimum nominal quantity of financial instrument that must be purchased/sold.

MT564 Sequence E (CAOPTN) MT564 Sequence E1a (FIA) MT566 Sequence D1a (FIA)

Update in definition of field 36B Balance qualifiers MAEX, MIEX and MILT Definition

MAEX Maximum Quantity To Instruct Exercisable Quantity Maximum quantity (or lot) of financial instrument that may be instructed exercised or tendered .

MIEX Minimum Quantity To Instruct Exercisable Quantity Minimum quantity (or lot) of financial instrument that may be instructed exercised or tendered . MILT Minimum Exercisable Multiple Quantity To Instruct

Minimum multiple quantity (or lot) of financial instrument that may be instructed exercised or tendered . Deletion of associated Usage Rules for the field (Sequence E only)

USAGE RULES MIEX and MILT in the sequence D or E are different from the MIEX or MILT used in the

financial instrument attributes (sequence B1) as they give indication on quantity of financial instrument in the precise context of the described corporate actions for a given account servicer. In sequence B1, the quantity given are the quantity pertaining to the financial instrument in general, not specifics to the corporate action processing.

Client Impact

Clients should take note of the deletions and definition changes to the Quantity fields.

Citi will no longer send any of the deleted qualifiers and will comply with the definition updates of the others. Clients should not instruct deleted qualifiers in their MT565’s


MT564

MT566

MT565

MT568

Sequence E

CAOPTN

Sequence F

ADDINFO

Sequence E

ADDINFO

Sequence C

BENODET

Sequence C

ADDINFO

70a

Narrative

CETI

TXNR

Requirement 1.20

MT564 Sequence E (CAOPTN) MT564 Sequence F (ADDINFO) MT566 Sequence E (ADDINFO)

Update in definition to narrative qualifier TXNR, Narrative Version Definition

TXNR Narrative Version Provides information that can be ignored for automated processing; - reiteration of information that has been included within structured fields of this message , - or narrative

information not needed for automatic processing. MT564 Sequence F (ADDINFO) MT565 Sequence C (BENODET)

Addition of narrative qualifier CETI, Certification / Breakdown Narrative. The qualifier is repetitive and available in format option 70E

Definition CETI Certification/Breakdown Narrative

Provides additional information about the type of certification/breakdown required. MT568 Sequence C (ADDINFO)

Addition of narrative qualifiers TXNR (Narrative Version) and CETI (Certification / Breakdown Narrative). Both qualifiers are repetitive and available in format options 70E or 70F. They are covered by Network Validation Rule C2.

Definition TXNR Narrative Version

Provides information that can be ignored for automated processing; - reiteration of

information that has been included within structured

fields of this message, - or narrative information not needed for automatic processing. CETI Certification/Breakdown Narrative Provides additional information about the type of certification/breakdown required.

Client Impact

Citi will comply with the definition change of TXNR in the MT564.

Citi will be adding narrative qualifier CETI to the MT564,except in Region C and will accept

MT565’s with CETI from clients.

Citi will not be adding narrative qualifier TXNR to the MT568 at this time


MT564

MT566

Sequence D

CADETL

Sequence C

CADETL

22F

Indicator

ADDB//FPRE

ADDB//PPRE

Requirement 1.21

Addition of code NREF (Non-Refunded Security Indicator) to field 22F qualifier NSIS (New Securities Issuance Indicator)

Addition of code REFU (Refunded Security Indicator) to field 22F qualifier NSIS (New Securities Issuance Indicator)

Definition

NREF Non-Refunded Security Indicator

New Security issued that has not been refunded and the maturity date of the original

underlying security is unchanged. Applicable only in the frame of a partial defeasance corporate action event.

REFU Refunded Security Indicator

New security issued which has been refunded to an earlier maturity date. Applicable only in

the frame of a partial defeasance corporate action event.

Client Impact

Citi will add the New Securities Issuance Indicator where applicable for Region C (US) Corporate Action Events only


MT564

MT566

Sequence E1

SECMOVE

Sequence E2

CASHMOVE

Sequence D1

SECMOVE

Sequence D2

CASHMOVE

22F

Indicator

TXAP Requirement 1.22

Deletion of format option H from field 22a Indicator qualifier TXAP (Issuer / Offeror Taxability Indicator)

Option H :4!c//4!c (Qualifier)(Indicator) Addition of format option F from field 22a Indicator qualifier TXAP (Issuer / Offeror Taxability Indicator)

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

Change in Codes for field 22F Indicator qualifier TXAP (Issuer / Offeror Taxability Indicator). The following is removed: CODES

In option H, if Qualifier is TXAP, Indicator must contain the following code (Error code(s): K22): TXBL Taxable The securities proceeds are taxable.

The following is added CODES

If Qualifier is TXAP, Data Source Scheme must be used, for example, IRSX in the United States. The lists of Issuer/Offeror Taxability codes to be used in Indicator are provided in the document titled "TXAP Taxability Codes" that is available on the SMPG website at www.smpg.info.

MT566 Sequence D1 (SECMOVE) MT566 Sequence D2 (CASHMOVE)

Addition of field 22a Indicator qualifier TXAP (Issuer / Offeror Taxability Indicator) Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

Addition of Codes and Usage Rules for qualifier TXAP

http://www.smpg.info/

CODES If Qualifier is TXAP, Data Source Scheme must be used, for example, IRSX in the United States. The lists of Issuer/Offeror Taxability codes to be used in Indicator are provided in the

document titled "TXAP Taxability Codes" that is available on the SMPG website at www.smpg.info. USAGE RULES

The Issuer/Offeror Taxability Indicator (TXAP) may only be used when no tax rate is provided in the message. It must not be used in events such as dividend or interest.

Client Impact

Citi will add the new 22F TXAP format where applicable in relation to taxable events. 22H will no longer be sent. This is applicable to Region C (US) and Global Window events only


MT564

MT566

Sequence E1

SECMOVE

Sequence D1

SECMOVE

22F

Indicator

ITYP

ETYP

Requirement 1.23

Addition of field 22F qualifier ETYP

ETYP Type of Exemption Specifies the basis for the reduced rate of withholding.

Addition of Code usage for qualifier ETYP CODES If Qualifier is ETYP, Data Source Scheme must be used, for example, IRSX in the United States.

The lists of exemption type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.

Addition of field 22F qualifier ITYP ITYP Type of Income

Specifies the type of income



Addition of Code usage for qualifier ITYP CODES

If Qualifier is ITYP, Data Source Scheme must be used, for example, IRSX in the United States or DGIX for France. The lists of income type codes to be used in Indicator are provided in the document titled "ETYP-ITYP Exemption & Income Type Codes" that is available on the SMPG website at www.smpg.info.

Client Impact

Citi will add the new 22F ITYP and ETYP fields where applicable. This is applicable to Region C (US) only


MT564

MT566

Sequence E

CAOPTN

Sequence E2

CASHMOVE

Sequence D

CACONF

Sequence D2

CASHMOVE

92a

Rate

GRSS

NETT

FDIV

PDIV

Requirement 1.24

Addition of Format Option H to Rate qualifiers GRSS and NETT

Option H :4!c//3!a15d/4!c (Qualifier)(Currency Code)(Amount)(Rate Status)

CODES In option H, Rate Status must contain one of the following codes (Error code(s): K92): ACTU Actual Rate Rate is actual.

INDI Indicative Rate Rate is indicative. Deletion of field 92a Rate qualifiers FDIV and PDIV

:92a::FDIV// (with Format Options 92F and 92K) :92a::PDIV// (with Format Options 92F and 92K)

Definition FDIV Final Dividend Rate Dividend is final.

PDIV Provisional Dividend Rate


Dividend is provisional.

Update in definition to the Code usage for Rate field format 92K

CODES In option K, if Qualifier is ATAX or Qualifier is CHAR or Qualifier is EQUL or Qualifier is ESOF or Qualifier is FDIV or Qualifier is FLFR or Qualifier is FISC or Qualifier is INCE or Qualifier is NETT or Qualifier is NRES or Qualifier is PDIV or Qualifier is RATE or Qualifier is SOFE or Qualifier is

TAXC or Qualifier is TAXR or Qualifier is TXIN or Qualifier is TXPR or Qualifier is TXRC or Qualifier is WITF or Qualifier is WITL, Rate Type Code must contain the following code (Error code(s): K92): UKWN Unknown Rate

Rate is unknown by the sender or has not been established. Update in definition to Network Validation Rule C7

C7 In each occurrence of sequence E and subsequence E2: • field :92F::GRSS cannot appear more than once, and field :92H::GRSS cannot appear more

than once, and field :92K::GRSS cannot appear more than once and only one of the fields both :92F::GRSS, :92H::GRSS and :92K::GRSS may be present cannot appear together . • field :92F::NETT cannot appear more than once, and field :92H::NETT cannot appear more than once, and field :92K::NETT cannot appear more than once and only one of the fields

both :92F::NETT, :92H::NETT and :92K::NETT may be present cannot appear together . In each occurrence of subsequence E1 and subsequence E2, field :92A::TAXC cannot appear more than once and field :92F::TAXC cannot appear more than once, and field :92K::TAXC

cannot appear more than once and only one none of the three fields :92A::TAXC, :92F::TAXC and :92K::TAXC may be present can appear in pair or all three together (Error code(s): E77). Update in definition to Network Validation Rule C3

C3 In sequence D and in each occurrence of subsequence D2:

• field :92F::GRSS cannot appear more than once and field :92H::GRSS cannot appear more than once and only one of the fields :92F::GRSS and 92H::GRSS may be present. • field :92F::NETT cannot appear more than once and field :92H::NETT cannot appear more than once and only one of the fields :92F::NETT and 92H::NETT may be present.

• field :92F::GRSS cannot appear more than once. • field :92F::NETT cannot appear more than once. In each occurrence of subsequence D1 and subsequence D2, field :92A::TAXC cannot appear

more than once and field :92F::TAXC cannot appear more than once and only one of the

fields both :92A::TAXC and :92F::TAXC may be present cannot appear together (Error code(s): E77).

Client Impact

Citi will add the new 92H format and use where applicable. The deletions and definition updates will be adhered to by Citi. This is applicable to Region C (US) only.


MT564

MT565

MT566

MT567

MT568

MT564

Sequence A

GENL

Sequence D

CADETL

22F

Indicator

CAEV//SOFF

CAEV//BONU

RHDI//SOFF

Requirement 1.25

Update the definition of Corporate Action Event Type code SOFF in the 22F Corporate Action Event Type Indicator field :22F::CAEV. This also applies to field :22F::RHDI in sequence D of

the MT564 only SOFF Spin Off A distribution of securities issued by another company. The distributed securities may either

be of a newly created or of an existing company. For example, spin-off, demerger, unbundling, divestment. subsidiary stock to the shareholders of the parent company without a surrender of shares. Spin-off represents a form of divestiture usually resulting in an

independent company or in an existing company. For example, demerger, distribution, unbundling. Update the definition of Corporate Action Event Type code BONU in the 22F Corporate Action

Event Type Indicator field :22F::CAEV BONU Bonus Issue / Capitalisation Issue Bonus, scrip or capitalisation issue. Security holders receive additional assets free of payment

from the issuer, in proportion to their holding.

Client Impact

No impact to clients. Citi will comply with the definition changes.

For FX Messages:


MT304

MT300

Sequence C1a

Sequence C

72

Narrative

N/A Requirement 1.26

MT304 Sequence C1a Change in definition of the field Network Validated Rules for field 72 Sender to Receiver

Information NETWORK VALIDATED RULES

If code VALD is used: • it must appear in the first six characters of the first l ine and in no other place, followed by a date expressed as YYYYMMDD and the end of l ine separator (that is :72:/VALD/YYYYMMDDCrLf) (Error code(s): C58).

If code SETC is used: • it must appear in the first six characters of the second line and in no other place and /SETC/ must be followed by a valid ISO 4217 currency code and the end of l ine code, that is CrLf (Error code(s): C59)

• the first six characters of the first l ine must be /VALD/ (Error code(s): C59) If the code SRCE is used: • /SRCE/ must be at the start of the third l ine and in no other place (Error code(s): C59)

• the first six characters of the second line must be /SETC/ (Error code(s): C59) Code must not be UTI, PUTI, USI or PUSI (Error code(s): T49). MT300 Sequence C

Addition of new field Network Validated Rules for field 72 Sender to Receiver Information

NETWORK VALIDATED RULES Code must not be UTI, PUTI, USI or PUSI (Error code(s): T49).

Client Impact

Clients should take note of the new additions to the Network Validation Rules in the MT304. Citi will adhere to the Network Validation Rules in the MT300


MT304

Sequence C1

22L N/A Requirement 1.26

Addition of field 22L Reporting Jurisdiction. It is mandatory in Optional Sequence C1 33. Field 22L: Reporting Jurisdiction

FORMAT Option L 35x (Reporting Jurisdiction)

PRESENCE Mandatory in optional subsequence C1

DEFINITION This field specifies the supervisory party for which the UTI was created or to which the trade needs to be reported.

CODES One of the following codes may be used: ASIC Australian Securities and Investments Commission (AU) CAMBMSC Manitoba Securities Commission (CA-MB)

CAONOSC Ontario Securities Commission (CA-ON) CAQCAMF Autorite des Marches Financiers (CA-QC) CFTC Commodities Futures Trading Commission (US)

ESMA European Securities and Markets Authority (EU) FFMS Federal Financial Markets Service (RU) HKMA Hong Kong Monetary Authority (HK) JFSA Japanese Financial Services Agency (JP)

MAS Monetary Authority of Singapore (SG) OTHR Other SEC Securities and Exchange Commission (US)

USAGE RULES If the code OTHR is used, the reporting jurisdiction must be identified in field 77A Additional Reporting Information.

Client Impact

Citi will not be supporting any specific processing around this new field. However, Citi will not reject the message if the new field is received,


MT304

Sequence D

34B

30F


Addition of field 34B Commission and Fees – Currency and Amount. It is optional in Conditional Sequence D (see Conditional Rule C4)

49. Field 34B: Commission and Fees - Currency and Amount FORMAT

Option B 3!a15d (Currency)(Amount) PRESENCE Optional in conditional (see rule C4) sequence D

DEFINITION This field specifies the amount of any non-settlement related commission or fees associated

with the trade, for example resulting from central clearing. NETWORK VALIDATED RULES Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The codes XAU, XAG, XPD and XPT are not allowed, as these are codes for commodities for which the category 6 commodities messages must be used (Error code(s): C08). The integer part of Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum length. The number of digits following the comma must not

exceed the maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

MT304 Sequence D Addition of field 30F Commission and Fees – Settlement Date. It is Conditional (see Conditional Rule C7) in Conditional Sequence D (see Conditional Rule C4)

50. Field 30F: Commission and Fees - Settlement Date

FORMAT Option F 8!n (Date)

PRESENCE Conditional (see rule C7) in conditional (see rule C4) sequence D DEFINITION

This field specifies the date on which commission and fees that are specified in field 34B must be settled. NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50). Addition of Network Validation Rule C7

C7 In sequence D, field 30F may only be present if field 34B is present (Error code(s): C20).

Client Impact

Citi will not be supporting any specific processing around these new fields. However, Citi will not reject the message if the new fields are received,


MT304

MT300

Sequence C1

Sequence C1a

Sequence E1a

Sequence E1a1

22M

22P


Change in format option M field length from 20x characters to 30x characters in field 22P PUTI Namespace/Issuer Code

FORMAT

Option M 30x 20x (Namespace)

Change in format option P field length from 20x characters to 30x characters in field 22M UTI Namespace/Issuer Code

FORMAT

Option P 30x 20x (Namespace)

Client Impact

Citi will comply with the changes to formats of the fields

IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax ma tters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by you for the purpose of avoiding any tax penalties and (ii) may have been written in connection with the "promotion or marketing" of any transaction co ntemplated hereby ("Transaction"). Accordingly, you

should seek advice based on your particular circumstances from an independent tax advisor.

In any instance where distribution of this communication is subject to the rules of the US Commodity Futures Trading Commissi on (“CFTC”), this communication constitutes an invitation to consider entering into a derivatives transaction under U.S. CFTC Regulations §§ 1.71 and 23.605, where applicable, but is not a binding offer to buy/sell any financial instrument.

Any terms set f orth herein are intended f or discussion purposes only and are subject to the f inal terms as set f orth in separate def initiv e written agreements. This presentation is not a commitment to lend, sy ndicate a f inancing, underwrite or purchase securities, or commit capital nor does it obligate us to enter into such a commitment, nor are we acting as a f iduciary to y ou. By accepting this presentation, subject to applicable law or regulation, y ou agree to

keep conf idential the inf ormation contained herein and the existence of and proposed terms f or any Transaction.

Prior to entering into any Transaction, y ou should determine, without reliance upon us or our af f iliates, the economic risks and merits (and independently determine that y ou are able to assume these risks) as well as the legal, tax and accounting characterizations and consequences of any such Transaction. In this regard, by accepting this presentation, y ou acknowledge that (a) we are not in the business of prov iding (and y ou are not rely ing on us f or) legal, tax or accounting adv ice, (b) there may be legal, tax or accounting risks associated with any Transaction, (c) y ou should receiv e (and rely on) separate and qualif ied legal, tax and accounting adv ice and (d) y ou should apprise senior

management in y our organization as to such legal, tax and accounting adv ice (and any risks associated with any Transaction) and our disclaimer as to these matters. By acceptance of these materials, y ou and we hereby agree that

f rom the commencement of discussions with respect to any Transaction, and notwithstanding any other prov ision in this presentation, we hereby conf irm that no participant in any Transaction shall be limited f rom disclosing the U.S.

tax treatment or U.S. tax structure of such Transaction.

We are required to obtain, v erif y and record certain inf ormation that identif ies each entity that enters into a f ormal business relationship with us. We will ask f or y our complete name, street address, and taxpay er ID number. We may also request corporate f ormation documents, or other f orms of identif ication, to v erif y inf ormation prov ided.

Any prices or lev els contained herein are preliminary and indicativ e only and do not represent bids or of f ers. These indications are prov ided solely f or y our inf ormation and consideration, are subject to change at any time without notice and are not intended as a solicitation with respect to the purchase or sale of any instrument. The inf ormation contained in this presentation may include results of analy ses f rom a quantitativ e model which represent potential

f uture ev ents that may or may not be realized, and is not a complete analy sis of ev ery material f act representing any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change

without any notice. We and/or our af f iliates may make a market in these instruments f or our customers and f or our own account. Accordingly , we may hav e a position in any such instrument at any time.

Although this material may contain publicly av ailable inf ormation about Citi corporate bond research, f ixed income strategy or economic and market analy sis, Citi policy (i) prohibits employ ees f rom of f ering, directly or indirectly , a f av orable or negativ e research opinion or of f ering to change an opinion as consideration or inducement f or the receipt of business or f or compensation; and (ii) prohibits analy sts f rom being compensated f or specif ic recommendations

or v iews contained in research reports. So as to reduce the potential f or conf licts of interest, as well as to reduce any appearance of conf licts of interest, Citi has enacted policies and procedures designed to limit communications

between its inv estment banking and research personnel to specif ically prescribed circumstances.

[TRADEMARK SIGNOFF: add the appropriate signof f f or the relev ant legal v ehicle]

© 2016 Citigroup Global Markets Inc. Member SIPC. All rights reserv ed. Citi and Citi and Arc Design are trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

© 2016 Citibank, N.A. All rights reserv ed. Citi and Citi and Arc Design are trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

© 2016 Citigroup Inc. All rights reserv ed. Citi and Citi and Arc Design are trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

© 2016 Citigroup Global Markets Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority . All rights reserv ed. Citi and Citi and Arc Design are trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

© 2016 Citibank, N.A. London. Authorised and regulated by the Of f ice of the Comptroller of the Currency (USA) and authorised by the Prudential Regulation Authority . Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority . Details about the extent of our regulation by the Prudential Regulation Authority are av ailable f rom us on request. All rights reserv ed. Citi and Citi and Arc Design are

trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

© 2016 [Name of Legal Vehicle] [Name of regulatory body .] All rights reserv ed. Citi and Citi and Arc Design are trademarks and serv ice marks of Citigroup Inc. or its af f iliates and are used and registered throughout the world.

Citi believ es that sustainability is good business practice. We work closely with our clients, peer f inancial institutions, N GOs and other partners to f inance solutions to climate change, dev elop industry standards, reduce our own env ironmental f ootprint, and engage with stakeholders to adv ance shared learning and solutions. Citi’s Sustainable Progress strategy f ocuses on sustainability perf ormance across three pillars: Env ironmental Finance; Env ironmental and Social Risk Management; and Operations and Supply Chain. Our cornerstone initiativ e is our $100 Billion Env ironmental Finance Goal – to lend, inv est and f acilitate $100 billion ov er 10 y ears to activ ities f ocused on env ironmental

and climate solutions.

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