MT 564 Corporate Action Notification
MT564 Scope
This message is sent by an account servicer (account servicing institution) to an account owner or its designated agent. The account servicer may be a local agent (sub-custodian) acting on behalf of their global custodian customer, or a custodian acting on behalf of an investment management institution or a broker/dealer.
This message is used to provide an account owner with the details of a corporate action event along with the possible elections or choices available to the account owner. It can be initially sent as a preliminary advice and subsequently replaced by another MT 564 with complete or confirmed information.
This message will also be used to provide the account owner with details of the impact a corporate action event will have on a safekeeping or cash account, for example, entitlement calculation.
This message may also be used to provide the account owner with a preliminary advise of upcoming postings or reversal of securities and/or cash postings.
This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.
This message may also be used to:
request the cancellation of a previously sent corporate action notification
re-send a corporate action notification previously sent
provide a third party with a copy of the message.
