📦 SWIFT MT‑543 – Deliver Against Payment

US Capital Private Bank Knowledge Base

MT‑543 is a SWIFT Category 5 message used by custodians or brokers to instruct delivery of financial instruments against payment—either in physical form or via book entry. It can also be used for cancellation or pre-advice of such delivery instructions. asxonline.com+5Citi+5ISO20022+5bankofgreece.gr+4ISO20022+4Oracle Docs+4

📘 What is MT‑543?

• Sent by an account owner (e.g., global custodian, investment manager, broker) to their account servicer to:

  • INSTRUCT a delivery against payment (DVP)

  • REQUEST CANCELLATION of a prior DVP instruction

  • PRE-ADVISE a forthcoming DVP instruction. Oracle Docs+2ISO20022+2Oracle Docs+2Euronextbankofgreece.gr

• Supports functions:

  • NEWM – New instruction

  • CANC – Cancel instruction

  • PREA – Pre-advice

  • DUPL, COPY, CODU – Resend/resend copy. Euronext+1bankofgreece.gr+1asxonline.com+4ISO20022+4Euronext+4

⚙️ Message Structure Overview

• Maximum length 10,000 chars. Oracle Docs

🧠 Use Cases

• DVP instruction: Initiate settlement where instruments deliver on payment

• Cancellation: Withdraw instruction pre-matching

• Pre-advice: Notify custodian of upcoming instruction

• Large batch operations: Via reuse and pooling features (POOL//)

• Two-leg flows: Supports trades like repos with unwind explicitly allowed. ibm.com+8asxonline.com+8bankofgreece.gr+8ISO20022+3Oracle Docs+3ISO20022+3

🔏 Security & Compliance

• Fully encrypted via SWIFTNet FIN

• Supports audit trail for DVP processes

• Harmonized with ISO 15022 – SWIFT SR 2022 standard www2.swift.com+5Euronext+5bankofgreece.gr+5

✅ Best Practices

1. Use correct function (NEWM, CANC, PREA, etc.)

2. Include linkages (PREV// or POOL//) when canceling or grouping

3. Populate mandatory fields (:35B: ISIN, Quantity, Settlement Party info)

4. Utilize :22F: codes in settlement details to clarify trade types (e.g., REPO, DVP) bankofgreece.gr+3Euronext+3ISO20022+3bankofgreece.gr+1ISO20022+1asxonline.com+1Oracle Docs+1

📞 Support

Email: [email protected]
Call: +971 52 992 6005
Web: uscapitalprivatebank.com

📈 Medium-Term Notes (MTN)

US Capital Private Bank Knowledge Base

Medium-Term Notes (MTNs) are debt securities issued continuously under a program, typically with maturities ranging from 9 months up to 30 years, offering flexibility for both issuers and investors.

📘 What are MTNs?

• MTNs are bonds issued under a shelf program, allowing the issuer to tap investors periodically with varying maturities and structures.

• Investors receive a note specifying maturity, coupon, issue date, interest, and redemption terms.

🧩 Key Characteristics

🧠 Use Cases

• Issuer Needs: Used by corporations, agencies, or banks seeking continuous funding

• Programmatic Issuance: Cover varying USD, EUR, or GBP funding needs over time

• Investor Appeal: Offering both stable income (fixed) and flexibility (floaters)

📊 Investor Perspective

• Diversification: Spread across maturities, coupon types, currencies

• Yield Edge: Often offer better returns than money market instruments

• Program Features: Benchmark, minimum sizes, secondary market access

✅ Program Administration

• Requires legal shelf registration, appointment of a dealer and trustee

• Trades usually done via private placement or exchange

• Documentation: Includes legal MTN Agreement, pricing supplements, and final terms

📞 Support

Call: +971 52 992 6005