RA ID: CR0578

Change Request

for the update of ISO 20022 financial repository items

A.  Origin of the request:

A.1 Submitter: CLS Bank LTD

A.2 Contact person: Ben Parkinson (0044 207 971 5705, )

A.3 Sponsors: Request from Market Utility

B.  Related messages:

fxtr.014.001.03

fxtr.015.001.03

fxtr.016.001.03

fxtr.017.001.03

fxtr.030.001.03

fxtr.008.001.05

C.  Description of the change request:

Increase the size of the UTI fields to align with the SWIFT FIN standards 2016. The UTI Namespace has increased from 20 characters to 30 characters. The UTI field has the potential to be up to 62 characters in length. The current XML only supports UTIs of lengths up to 52 characters.

D.  Purpose of the change:

CLS Members need to supply UTIs and share them with counterparties on their matched trades. This change will align the ISO20022 with the market standards.

E.  Urgency of the request:

To be introduced in 2017 standards

F.  Business examples:

Document xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="fxtr.017.001.04.xsd">

FXTradStsAndDtlsNtfctn

StsDtls

MtchgSysUnqRefG201605120000001</MtchgSysUnqRef

MtchgSysMtchgRefT201605120000001</MtchgSysMtchgRef

MtchgSysMtchdSdRefG201605120000002</MtchgSysMtchdSdRef

StsOrgtrCLSBUS33XXX</StsOrgtr

CurSts

StsCd

CdUMTC</Cd

</StsCd

SubStsCdIURT</SubStsCd

</CurSts

CurStsDtTm2016-05-11T09:30:47Z</CurStsDtTm

AllgdTrad1</AllgdTrad

</StsDtls

TradInf

TradDt2016-05-11</TradDt

MsgIdM201605120000001</MsgId

OrgtrRefBNKAGB2LREF1</OrgtrRef

PdctTp>ANDF</PdctTp

SpltTradIndfalse</SpltTradInd

NDFDtls

NDFOpnInd0</NDFOpnInd

OpnClsDtls

ClsDtls

RefOfOpngConfBNKAGB2LREF0</RefOfOpngConf

</ClsDtls

</OpnClsDtls

</NDFDtls

</TradInf

TradgSdId

SubmitgPty

AnyBIC

AnyBICBNKAGB2LXXX</AnyBIC

</AnyBIC

</SubmitgPty

TradPty

AnyBIC

AnyBICBNKAGB2LXXX</AnyBIC

</AnyBIC

</TradPty

</TradgSdId

CtrPtySdId

SubmitgPty

AnyBIC

AnyBICBNKAGB2LXXX</AnyBIC

</AnyBIC

</SubmitgPty

TradPty

AnyBIC

AnyBICBNKAGB2LXXX</AnyBIC

</AnyBIC

</TradPty

</CtrPtySdId

TradAmts

TradgSdBuyAmt Ccy="GBP">80</TradgSdBuyAmt

TradgSdSellAmt Ccy="EUR">100</TradgSdSellAmt

SttlmDt2016-03-21</SttlmDt

</TradAmts

AgrdRate

XchgRate0.8</XchgRate

</AgrdRate

TradgSdSttlmInstrs

RcvgAgt

NmAndAdr

Nm/NETS/</Nm

</NmAndAdr

</RcvgAgt

</TradgSdSttlmInstrs

RgltryRptg

TradgSdTxRptg

RptgJursdctnESMA</RptgJursdctn

TradgSdUnqTxIdr

UnqTxIdr101BNKAGB2LXXXLEI000001BNKAGB2LREF1</UnqTxIdr

</TradgSdUnqTxIdr

</TradgSdTxRptg

</RgltryRptg

</FXTradStsAndDtlsNtfctn


SEG recommendation:

This section is not to be taken care of by the submitter of the change request. It will be completed in due time by the SEG(s) in charge of the related ISO 20022 messages.

Consider / Timing
- Next yearly cycle: 2016/2017
(the change will be considered for implementation in the yearly maintenance cycle which starts in 2016 and completes with the publication of new message versions in the spring of 2017)
- At the occasion of the next maintenance of the messages
(the change will be considered for implementation, but does not justify maintenance of the messages in its own right – will be pending until more critical change requests are received for the messages)
- Urgent unscheduled
(the change justifies an urgent implementation outside of the normal yearly cycle)
- Other timing:

Comments:

Reject

Reason for rejection:

CR0578_CLS_UTI_v1 Submitted by CLS Bank on 26 May 2016 Page 2