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secl: Securities Clearing

secl.006 Default Fund Contribution Report

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secl.006 is the ISO 20022 DefaultFundContributionReport message in the Securities Clearing business area (secl). The latest version is secl.006.001.02.

Message
DefaultFundContributionReport
Latest version
secl.006.001.02
Submitting organisation
Swift and FPL
MT equivalent
None listed

In use: published in the current ISO 20022 catalogue.

What secl.006 is for

The DefaultFundContributionReport message is sent by the central counterparty (CCP) to a Clearing member to report on the calculation of the default fund contribution and the potential net excess or deficit.

The message definition is intended for use with the ISO20022 Business Application Header.

CCPs require participants to post assets in a clearing fund that can be used in the event of a default by a participant, to compensate non-defaulting participants for losses they suffer due to this default. The CCP evaluates each participant risk level based on their positions (monthly or daily) and calculate the excess of deficit of the default fund contribution. The DefaultFundContributionReport is usually sent on a monthly basis.

Definition from the ISO 20022 e-Repository, release of 24 April 2025.

secl.006 versions

Every version published in the e-Repository, newest first. A message keeps its business purpose across versions; each new version is a separate schema with its own namespace.

VersionRegistration statusPublished in
secl.006.001.02latestRegisteredLatest version set

secl.006 message structure

The building blocks of secl.006.001.02 to three levels, with multiplicity ([0..1] optional, [1..1] mandatory, * any number) and the data type or component. Element names and definitions are from the ISO 20022 repository; usage guidelines such as CBPR+ or a market infrastructure's rules can restrict them further.

  • Document [1..1]
    • DfltFndCntrbtnRpt DefaultFundContributionReport [1..1]
      • RptParams Report Parameters [1..1]ReportParameters2

        Provides details about the report such as the report identification, the calculation date, the value date.

        • RptId Report Identification [1..1]Max35Text

          Unique identification of the report.

        • RptDtAndTm Report Date And Time [1..1]DateAndDateTimeChoice (choice)

          Date (and time) at which the report was created.

          • Dt Date [1..1]ISODate
          • DtTm Date Time [1..1]ISODateTime
        • Frqcy Frequency [1..1]EventFrequency6Code

          Frequency of the report.

        • RptCcy Report Currency [1..1]CurrencyCode

          Indicates the currency used for the calculation of the guarantee fund.

        • ClctnDt Calculation Date [0..1]ISODateTime

          Indicates the date of calculation of the deficit (if any).

      • ClrMmb Clearing Member [1..1]PartyIdentification35Choice (choice)

        Provides the identification of the account owner, that is the clearing member (individual clearing member or general clearing member).

        • BIC BIC [1..1]AnyBICIdentifier

          Unique and unambiguous identifier for an organisation that is allocated by an institution, eg, Dun & Bradstreet Identification.

        • PrtryId Proprietary Identification [1..1]GenericIdentification29

          Unique and unambiguous identifier, as assigned to a financial institution using a proprietary identification scheme.

          • Id Identification [1..1]Max35Text
          • Issr Issuer [1..1]Max35Text
          • SchmeNm Scheme Name [0..1]Max35Text
      • RptDtls Report Details [1..*]DefaultFundReport1

        Provides details on the default fund report.

        • DfltFndClctn Default Fund Calculation [1..*]DefaultFund1

          Provides details about the calculation of the clearing member contribution to the default fund.

          • DfltFndAcct Default Fund Account [1..1]AccountIdentification4Choice (choice)
          • TtlDfltFndAmt Total Default Fund Amount [1..1]ActiveCurrencyAndAmount
          • Cntrbtn Contribution [0..*]Contribution1
          • IncrCvrgAmt Increase Coverage Amount [0..1]ActiveCurrencyAndAmount
        • CollDesc Collateral Description [1..*]Collateral3

          Provides details about the collateral held.

          • PstHrcutVal Post Haircut Value [1..1]ActiveCurrencyAndAmount
          • MktVal Market Value [1..1]ActiveCurrencyAndAmount
          • CollTp Collateral Type [1..1]CollateralType2Code
        • NetXcssOrDfcit Net Excess Or Deficit [1..1]AmountAndDirection21

          Excess amount that the central counterparty will restitute to the clearing member or deficit to be provided by the member for the guarantee fund.

          • Amt Amount [1..1]ActiveOrHistoricCurrencyAndAmount
          • CdtDbtInd Credit Debit Indicator [0..1]CreditDebitCode
      • SplmtryData Supplementary Data [0..*]SupplementaryData1

        Additional information that can not be captured in the structured fields and/or any other specific block.

        • PlcAndNm Place And Name [0..1]Max350Text

          Unambiguous reference to the location where the supplementary data must be inserted in the message instance.

        • Envlp Envelope [1..1]SupplementaryDataEnvelope1

          Technical element wrapping the supplementary data.

Have a secl.006 message? Paste it into the parser to see every element with its name and definition, and format checks on BICs, IBANs, dates and amounts.

External code sets used in secl.006

These elements take their values from ISO 20022 external code sets, which are published separately and updated every quarter without a new message version.

secl.006 questions

What is the latest version of secl.006?
The latest version in the ISO 20022 e-Repository release of 24 April 2025 is secl.006.001.02.
What is the root element of secl.006?
The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:secl.006.001.02, and its message element is DfltFndCntrbtnRpt (DefaultFundContributionReport).
Is there an MT equivalent of secl.006?
No Swift MT message is listed as its direct equivalent on this site. Many ISO 20022 messages have no MT counterpart.

All ISO 20022 messages · ISO 20022 code sets · MT messages

The ISO 20022 message definitions, element names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.