Semt.002 – custody statement difference between V02 and V08 (SR 2015) Last updated 5 April 2016 The main changes for SR 2016 are the addition of LEI to all parties, optional element for ‘negative’ in available balance

Topics Statement V2 & V8 Compare2 Custody Statement of Holdings (semt v semt ) Custody Statement of Holdings Custody Statement of Holdings Cancellation (semt v semt ) Custody Statement of Holdings Cancellation Draft usage guidelines for semt and have been uploaded to MyStandards: See SMPG-Global-IF-StatementHoldings-MX_v8-Draft -( )SMPG-Global-IF-StatementHoldings-MX_v8-Draft -( )

Main Sequences Statement V2 & V8 Compare3 Custody Statement Of Holdings Semt Message Identification [1.1] Previous Reference [0.n] Related Reference [0.n] Message Pagination [1.1] Statement General Details [1.1] Account Details [1.1] Identification [1.1] Fungible Indicator [1.1] Name [0.1] Designation [0.1] Intermediary Information [0.10] Account Owner [0.1] Account Servicer [0.1] Balance For Account [0.n] Sub Account Details [0.n] Total Values [0.1] Extension [0.n] Pagination [1.1] Statement General Details [1.1] Account Owner [0.1] Account Servicer [0.1] Safekeeping Account Identification [1.1] Type [0.1] Name [0.1] Designation [0.1] Intermediary Information Balance For Account [0.n] Sub Account Details [0.n] Account Base Currency Total Amounts [0.1] Securities Balance Custody Report Semt Must be used with BAH Equivalent of Statement General Details / Query Reference Not included in V8 because V8 is designed for use with BAH In V08, ‘supplementary data (new ‘extension’ sequence) is inside Balance For Account.

Statement General Details Statement V2 & V8 Compare4 Report Number [0.1] Query Reference [0.1] Statement Identification [0.1] Statement Date Time [1.1] Frequency [1.1] Update Type [1.1] Statement Basis [1.1] Activity Indicator [1.1] Sub Account Indicator [1.1] Reference [1.1] Statement Date Time [1.1] Creation Date Time [0.1] Frequency [1.1] Update Type [1.1] Activity Indictor [1.1] Statements Basis [1.1] Report Number [0.1] Custody Statement Of Holdings semt Securities Balance Custody Report semt Statement Identification: Definition Reference common to all pages of a statement. Reference Definition Reference of the statement. Query Reference: Definition Identification of the Securities Statement Query message sent to request this statement. Equivalent to the Related Reference’ in semt

Account & Intermediary Statement V2 & V8 Compare5 Account Owner [0.1] Account Servicer [0.1] Safekeeping Account Identification [1.1] Type [0.1] Name [0.1] Designation [0.1] Intermediary Information Identification [1.1] Role Account [0.1] Identification [1.1] Account Servicer [0.1] Same code list (Securities Account Purpose Type 1 Code – MARG, SHOR, ABRD, CEND, DVPA, PHYS) Intermediary, Account Owner and Account Servicer are inside the ‘Account’ sequence Same code list (Investment Fund Role 2 Code) Account Details [1.1] Identification [1.1] Choice Identification [1.1] Identification And Purpose Identification [1.1] Purpose [1.1] Fungible Indicator [1.1] Name [0.1] Designation [0.1] Intermediary Information [0.10] Identification [1.1] Account Identification Account Servicer Role Account Owner [0.1] Account Servicer [0.1] Looks like Fungible Indicator is not present in the V08 Intermediary, Account Owner and Account Servicer are at the ‘root’ of the message Custody Statement Of Holdings semt Securities Balance Custody Report semt

Balance For Account Statement V2 & V8 Compare6 Financial Instrument Identification [1.1] Financial Instrument Attributes [0.1] Investment Funds Financial Instrument Attributes [0.1] Valuation Haircut Details [0.1] Aggregate Balance [1.1] Available Balance [0.1] Not Available Balance [0.1] Safekeeping Place [0.1] Corporation Action Optional Type [0.1] Price Details [0.n] Foreign Exchange Details [0.1] Days Accrued [0.1] Account Base Currency Amounts [0.1] Holding Value [0.1] Previous Holding Value [0.1] Book Value [0.1] Eligible Collateral Value [0.1] Accrued Interest /amount (+ sign) [0.1] Instrument Currency Amounts [0.1] Holding Value [0.1] Quantity Breakdown [0.n] Balance Breakdown [0.n] Additional Balance Breakdown [0.n] Balance At Safekeeping Place [0.n] Holding Additional Details [0.1] Supplementary Data [0.1] Aggregate Quantity [1.1] Available Quantity [0.1] Not Available Quantity [0.1] Days Accrued [0.1] Holding Value [0.n] Previous Holding Value [0.1] Accrued Interest Amount [0.1] Accrued Interest Amount Sign [0.1] Book Value [0.1] Safekeeping Place [0.1] Financial Instrument Details [0.1] Price Details [0.n] Foreign Exchange Details [0.1] Balance Breakdown Details [0.n] Additional Balance Breakdown Details [0.n] Balance At Safekeeping Place Holding Value is repetitive. In v8, it is [0.1]. However, Instrument Currency Amounts allows Holding Value and Book Value to be repeated. Different format Custody Statement Of Holdings semt Securities Balance Custody Report semt SR optional element for negative

Balance For Account / Financial Instrument Statement V2 & V8 Compare7 Financial Instrument Identification [1.1] ISIN Other Identification Description Investment Funds Financial Instrument Attributes [0.1] Class Type [0.1] Securities Form [0.1] BEAR REGD Distribution Policy [0.1] Product Group [0.1] Umbrella Name [0.1] Base Currency [0.1] Denomination Currency [0.1] Requested VAN Currency [0.1] Duel Fund Indicator [0.1] Country of Domicile [0.1] Registered Distribution Country [0.n] V08 has more ‘funds attributes’ than V02, although it looks like Supplementary Information is not covered Financial Instrument Details [0.1] Identification [1.1] Choice ISIN SEDOL CUSIP etc Other Proprietary Identification Name [0.1] Supplementary Information [0.1] Class Type [0.1] Securities Form [0.1] BEAR, REGD Distribution Policy [0.1] Rules: [1]If ISIN is not present then either Description or at least one occurrence of Other Identification must be present. [2]If Other Identification is not present then either ISIN or Description must be present. Custody Statement Of Holdings semt Securities Balance Custody Report semt

Balance For Account / Balance Breakdown Statement V2 & V8 Compare8 Balance Breakdown [0.n] Sub Balance Type Quantity Choice Quantity Proprietary Quantity And Availability Quantity [1.1] Availability Indicator [1.1] Balance Breakdown Details [0.n] QuantityChoice Quantity Quantity As DSS Quantity And Availability Quantity [1.1] Availability Indicator [1.1] Sub Balance Type SecuritiesBalanceType12Code SecuritiesBalanceType1Code Custody Statement Of Holdings semt Securities Balance Custody Report semt SR optional element for negative

Balance For Account / Balance Breakdown / Balance Type Statement V2 & V8 Compare9 AWAS BLCA BLOK BLOT BLOV BODE BORE BORR BTRA COLI COLO DRAW LOAN LODE LORE MARG OTHR PDMT PendingDeliveryMatchedBalance PDUM PendingDeliveryUnmatchedBalance PECA PEDA PEND PendingDelivery PENR PendingReceipt PLED PRMT PendingReceiptMatchedBalance PRUM PendingReceiptUnmatchedBalance REGO RSTR TRAN WDOC It looks like 4 funds balance types could be missing from the list in V8 Custody Statement Of Holdings semt Securities Balance Custody Report semt

Balance For Account / Additional Balance Breakdown Statement V2 & V8 Compare10 Additional Balance Breakdown [0.n] Sub Balance Type QuantityChoice Quantity Quantity And Availability Quantity [1.1] Availability Indicator [1.1] Additional Balance Breakdown Details [0.n] QuantityChoice Quantity Quantity And Availability Quantity [1.1] Availability Indicator [1.1] Sub Balance Type SecuritiesBalanceType7Code SecuritiesBalanceType2Code COLA CLEN DIRT ISSU NOMI OTHR QUAS SPOS UNRG All funds additional balance type codes are present in V08 Custody Statement Of Holdings semt Securities Balance Custody Report semt

Technical Difference 1 – Party Identification (36) Statement V2 & V8 Compare11 Account Owner [0.1]Choice BIC Or BEI : Any BIC Identifier Proprietary Identification: Identification [1.1] : Max 35 Text Scheme Name [0.1] : Max 35 Text Issuer [0.1]: Max 35 Text Name And Address Account Owner [0.1]Choice Any BIC: Any BIC Identifier Proprietary Identification: Identification [1.1] : Max 35 Text Issuer [1.1]: Max 35 Text Scheme Name [0.1] : Max 35 Text No Name and Address option for account owner (which makes sense) In Proprietary Identification, Issue is mandatory. Custody Statement Of Holdings semt Securities Balance Custody Report semt

Technical Difference 1 – Party Identification (49) Statement V2 & V8 Compare12 Intermediary Information [0.1] Identification [1.1] Choice BIC Or BEI : Any BIC Identifier Proprietary Identification: Identification [1.1] : Max 35 Text Scheme Name [0.1] : Max 35 Text Issuer [0.1]: Max 35 Text Name And Address Intermediary Information [0.1] Identification [1.1] Choice Any BIC: Any BIC Identifier Proprietary Identification: Identification [1.1] : Max 35 Text Issuer [1.1]: Max 35 Text Scheme Name [0.1] : Max 35 Text Name And Address In Proprietary Identification, Issue is mandatory. Custody Statement Of Holdings semt Securities Balance Custody Report semt

Technical Difference 2 – Aggregate Quantity Statement V2 & V8 Compare13 Aggregate Quantity [1.1]Choice QuantityChoice Unit Face Amount Amortised Amount Quantity As DSS Issuer [1.1] Max 8 Text Information [1.1] Exact 4 Alpha Balance [1.1] Number Aggregate Balance [1.1] Short Long Indicator [1.1] (codes: long, short) QuantityChoice Unit Face Amount Amortised Value Original And Current Face Face Amount Amortised Value Proprietary Identification [1.1] Exact 4 Alpha Issuer [1.1]1 Max 35 Text Schema Name [0.1] Max 35 Text Balance [1.1] Decimal Number Custody Statement Of Holdings semt Securities Balance Custody Report semt

Technical & Business Difference 3 – Price Statement V2 & V8 Compare14 Price Details [0.n] Value [1.1] Choice Rate Amount Unknown Value Type [0.1] DISC PREM XOR (type of price) Choice Type [1.1] Extended Type [1.1] Source Of Price [0.1] Quotation Date [0.1] Yielded [0.1] Price Details [0.n] Type [1.1] Choice Type Proprietary Value [1.1] Choice Rate Amount Unknown Value Type [1.1] Choice Yielded [1.1] Value Type [1.1] DISC PARV PREM Source Of Price [0.1] Quotation Date [0.1] Type of Price 11 Code Price 6 ‘Value Type ’ mandatory in V08. Funds should submit change request ? Custody Statement Of Holdings semt Securities Balance Custody Report semt

Example – semt Statement V2 & V8 Compare T10:30:00 1 true Statement DAIL COMP true CONT true DISTLULL INTR LU NAVL REGO

Example – semt (same data as semt ) Statement V2 & V8 Compare16 1 true Statement DAIL COMP CONT true false DISTLULL INTR LU SHOR NAVL 10 false true true REGO 200

Cancellation Statement V2 & V8 Compare17 In investment funds, we have separate messages for cancellation of a statement: CurrentFuture Semt Custody Statement Of Holdings Semt Securities Balance Custody Report Semt Accounting Statement Of Holdings Semt Securities Balance Accounting Report Semt Statement Of Investment Fund Transactions Semt (*) Statement Of Investment Fund Transactions Semt Custody Statement Of Holdings Cancellation Semt Securities Message Cancellation Advice Semt Accounting Statement Of Holdings Cancellation Semt Statement Of Investment Fund Transactions Cancellation Semt Statement Of Investment Fund Transactions Cancellation (*) Not yet implemented in Funds Solution

Custody Statement of Holdings Cancellation semt Statement V2 & V8 Compare18 Message Identification [1.1] Previous Reference [0.1] Related Reference [0.1] Message Pagination [1.1] Statement To Be Cancelled [0.1] Statement General Details [1.1] Account Details [1.1] Balance For Account [0.n] Sub Account Details [0.n] Total Values [0.1] Extension [0.n] Custody Statement Of Holdings Cancellation Semt Securities Message Cancellation Advice Semt Reference [1.1] Account Owner [0.1] Safekeeping Account [1.1] Supplementary Data [0.n] Semt allows cancellation by reference or cancellation by details. MP says do not use Statement To Be Cancelled sequence In semt.020, it is ONLY cancellation by reference, however, the account is mandatory. This should be been conditional (that is only present is Statement To Be Cancelled is present)