Category 5: Securities markets
MT507 Collateral Status and Processing Advice
Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked
The MT507 is sent by the receiver of a collateral claim (MT503), proposal (MT504) or substitution (MT505) to report what it did with it. It can accept or reject the message, give the settlement details of the proposed collateral and answer a cancellation request.
- Message type
- MT507
- Category
- 5
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT507 is used for
Field 23G is INST when the advice reports on an instruction and CAST when it reports on a cancellation request. Sequence B, when present, reports per collateral item, with the collateral type, its status and the settlement details for securities or cash. The account owner can ask for a status with an MT549.
- Sent by
- The receiver of the claim, proposal or substitution
- Sent to
- The party that sent it
Fields
This is a catalogue entry: the field-by-field structure is not shown here because we publish structures only where we have checked them against public sources. Paste an MT507 into the parser to see each field decoded with its tag, name and value.
ISO 20022
Swift’s MT and MX equivalence tables list no ISO 20022 equivalent for the MT507.
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