What is the latest version of setr.012?

The latest version in the ISO 20022 e-Repository release of 24 April 2025 is setr.012.001.05.

What is the root element of setr.012?

The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:setr.012.001.05, and its message element is SbcptOrdrConf (SubscriptionOrderConfirmation).

Is there an MT equivalent of setr.012?

Yes. setr.012 does the same business job as MT515. Field-level translation has gaps in both directions.

setr: Securities Trade

setr.012 Subscription Order Confirmation

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

setr.012 is the ISO 20022 SubscriptionOrderConfirmation message in the Securities Trade business area (setr). The latest version is setr.012.001.05, and 4 versions are in the repository.

Message: SubscriptionOrderConfirmation
Latest version: setr.012.001.05
Submitting organisation: Not read from the catalogue
MT equivalent: MT515

In use: published in the current ISO 20022 catalogue.

What setr.012 is for

The SubscriptionOrderConfirmation message is sent by an executing party, for example, a transfer agent, to the instructing party, for example, an investment manager or its authorised representative, to confirm the details of the execution of a SubscriptionOrder instruction.
The SubscriptionOrderConfirmation message is used to confirm the execution of one or more individual orders.
A SubscriptionOrder message containing more than one individual order may be responded to by more than one SubscriptionOrderConfirmation message, as the valuation cycle of the financial instruments in each individual order may be different. When a SubscriptionOrderConfirmation message contains fewer confirmations that originally instructed in the original SubscriptionOrder message, there is no specification indication in the confirmation for this. Reconciliation must be based on the references.
Each individual order confirmation specified is identified in DealReference. The reference of the original individual order is specified in OrderReference. The message identification of the SubscriptionOrder message in which the individual orders was conveyed may also be quoted in RelatedReference but this is not recommended.
A SubscriptionOrder must in all cases be responded to by a SubscriptionOrderConfirmation message and in no circumstances by a SubscriptionBulkOrderConfirmation message.
If the executing party needs to confirm one or more subscription orders for the same financial instrument, then a SubscriptionBulkOrderConfirmation message must be used.

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

setr.012 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.

Version	Registration status	Published in
setr.012.001.05latest	Registered	Latest version set
setr.012.001.04	Registered	Previous version set
setr.012.001.03	Registered	Archive
setr.012.001.02	Registered	Archive

setr.012 message structure

The building blocks of setr.012.001.05 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]
- SbcptOrdrConf SubscriptionOrderConfirmation [1..1]
  - MsgId Message Identification [1..1]MessageIdentification1
    Reference that uniquely identifies the message from a business application standpoint.
    - Id Identification [1..1]Max35Text
      Identification of the message.
    - CreDtTm Creation Date Time [1..1]ISODateTime
      Date of creation of the message.
  - PoolRef Pool Reference [0..1]AdditionalReference11
    Collective reference identifying a set of messages.
    - Ref Reference [1..1]Max35Text
      Reference identifying a set of messages.
    - RefIssr Reference Issuer [0..1]PartyIdentification139
      Issuer of the reference.
      - Pty Party [1..1]PartyIdentification125Choice (choice)
      - LEI LEI [0..1]LEIIdentifier
    - MsgNm Message Name [0..1]Max35Text
      Name of the message.
  - PrvsRef Previous Reference [0..*]AdditionalReference10
    Reference to a linked message that was previously sent.
    - Ref Reference [1..1]Max35Text
      Reference issued by a party to identify an instruction, transaction or a message.
    - RefIssr Reference Issuer [0..1]PartyIdentification139
      Issuer of the reference.
      - Pty Party [1..1]PartyIdentification125Choice (choice)
      - LEI LEI [0..1]LEIIdentifier
    - MsgNm Message Name [0..1]Max35Text
      Name of the message.
  - RltdRef Related Reference [0..1]AdditionalReference10
    Reference to a linked message that was previously received.
    - Ref Reference [1..1]Max35Text
      Reference issued by a party to identify an instruction, transaction or a message.
    - RefIssr Reference Issuer [0..1]PartyIdentification139
      Issuer of the reference.
      - Pty Party [1..1]PartyIdentification125Choice (choice)
      - LEI LEI [0..1]LEIIdentifier
    - MsgNm Message Name [0..1]Max35Text
      Name of the message.
  - MltplExctnDtls Multiple Execution Details [1..1]SubscriptionMultipleExecution6
    General information related to the execution of the orders.
    - AmdmntInd Amendment Indicator [0..1]YesNoIndicator
      Indicates whether the confirmation is an amendment of a previous confirmation.
    - MstrRef Master Reference [0..1]Max35Text
      Unique and unambiguous identifier for a group of individual orders, as assigned by the instructing party.
    - PlcOfTrad Place Of Trade [0..1]PlaceOfTradeIdentification4Choice (choice)
      Market in which the advised trade transaction was executed.
      - Ctry Country [1..1]CountryCode
      - Xchg Exchange [1..1]MICIdentifier
      - Pty Party [1..1]AnyBICDec2014Identifier
      - OverTheCntr Over The Counter [1..1]Max35Text
    - OrdrDtTm Order Date Time [0..1]ISODateTime
      Date and time at which the order was placed by the investor or its agent.
    - RcvdDtTm Received Date Time [0..1]ISODateTime
      Date and time the order was received by the executing party, for example, the transfer agent.
    - ReqdFutrTradDt Requested Future Trade Date [0..1]ISODate
      Future date at which the investor requests the order to be executed.
    - CxlRght Cancellation Right [0..1]CancellationRight1Choice (choice)
      Cancellation right of the investor with respect to the investment fund order.
      - Cd Code [1..1]CancellationRight1Code
      - Prtry Proprietary [1..1]GenericIdentification47
    - InvstmtAcctDtls Investment Account Details [1..1]InvestmentAccount78
      Account impacted by the investment fund order execution.
      - AcctId Account Identification [1..1]Max35Text
      - AcctNm Account Name [0..1]Max35Text
      - AcctDsgnt Account Designation [0..1]Max35Text
      - OwnrId Owner Identification [0..*]PartyIdentification139
      - AcctSvcr Account Servicer [0..1]PartyIdentification139
      - OrdrOrgtrElgblty Order Originator Eligibility [0..1]OrderOriginatorEligibility1Code
      - SubAcctDtls Sub Account Details [0..1]SubAccount6
    - BnfcryDtls Beneficiary Details [0..*]IndividualPerson32
      Additional information about the investor.
      - Nm Name [0..1]Max350Text
      - BirthDt Birth Date [0..1]ISODate
      - CtryAndResdtlSts Country And Residential Status [0..1]CountryAndResidentialStatusType2
      - OthrId Other Identification [0..*]GenericIdentification164
    - IndvExctnDtls Individual Execution Details [1..*]SubscriptionExecution14
      Execution of a subscription order.
      - OrdrRef Order Reference [1..1]Max35Text
      - ClntRef Client Reference [0..1]Max35Text
      - DealRef Deal Reference [1..1]Max35Text
      - OrdrTp Order Type [0..10]FundOrderType4Choice (choice)
      - FinInstrmDtls Financial Instrument Details [1..1]FinancialInstrument57
      - SubAcctForHldg Sub Account For Holding [0..1]SubAccount6
      - UnitsNb Units Number [1..1]DecimalNumber
      - Rndg Rounding [0..1]RoundingDirection2Code
      - NetAmt Net Amount [0..1]ActiveCurrencyAndAmount
      - GrssAmt Gross Amount [0..1]ActiveCurrencyAndAmount
      - TradDtTm Trade Date Time [1..1]DateAndDateTime2Choice (choice)
      - DealgPricDtls Dealing Price Details [1..1]UnitPrice22
      - InftvPricDtls Informative Price Details [0..2]UnitPrice22
      - SttlmAmt Settlement Amount [1..1]ActiveCurrencyAndAmount
      - CshSttlmDt Cash Settlement Date [0..1]ISODate
      - SttlmMtd Settlement Method [0..1]DeliveryReceiptType2Code
      - PrtlyExctdInd Partially Executed Indicator [1..1]YesNoIndicator
      - BestExctn Best Execution [0..1]BestExecution1Code
      - CumDvddInd Cum Dividend Indicator [1..1]YesNoIndicator
      - IntrmPrftAmt Interim Profit Amount [0..1]ProfitAndLoss2Choice (choice)
      - FXDtls Foreign Exchange Details [0..*]ForeignExchangeTerms37
      - IncmPref Income Preference [0..1]IncomePreference1Code
      - LttrInttRef Letter Intent Reference [0..1]Max35Text
      - AcmltnRghtRef Accumulation Right Reference [0..1]Max35Text
      - TxOvrhd Transaction Overhead [0..1]TotalFeesAndTaxes42
      - InftvTaxDtls Informative Tax Details [0..1]InformativeTax2
      - SttlmAndCtdyDtls Settlement And Custody Details [0..1]FundSettlementParameters20
      - PhysDlvryInd Physical Delivery Indicator [1..1]YesNoIndicator
      - PhysDlvryDtls Physical Delivery Details [0..1]DeliveryParameters3
      - ReqdSttlmCcy Requested Settlement Currency [0..1]ActiveCurrencyCode
      - ReqdNAVCcy Requested NAV Currency [0..1]ActiveOrHistoricCurrencyCode
      - Rfnd Refund [0..1]ActiveCurrencyAndAmount
      - SbcptIntrst Subscription Interest [0..1]ActiveCurrencyAndAmount
      - CshSttlmDtls Cash Settlement Details [0..1]PaymentTransaction162
      - NonStdSttlmInf Non Standard Settlement Information [0..1]Max350Text
      - PrtlSttlmOfUnits Partial Settlement Of Units [0..1]PercentageRate
      - PrtlSttlmOfCsh Partial Settlement Of Cash [0..1]PercentageRate
      - StffClntBrkdwn Staff Client Breakdown [0..4]InvestmentFundsOrderBreakdown2
      - FinAdvc Financial Advice [0..1]FinancialAdvice1Code
      - NgtdTrad Negotiated Trade [0..1]NegotiatedTrade1Code
      - LateRpt Late Report [0..1]LateReport1Code
      - RltdPtyDtls Related Party Details [0..10]Intermediary49
      - Equlstn Equalisation [0..1]Equalisation4
      - SrcOfCsh Source Of Cash [0..*]SourceOfCash1Choice (choice)
      - CstmrCndctClssfctn Customer Conduct Classification [0..1]CustomerConductClassification1Choice (choice)
      - TxChanlTp Transaction Channel Type [0..1]TransactionChannelType1Choice (choice)
      - SgntrTp Signature Type [0..1]SignatureType1Choice (choice)
      - OrdrWvrDtls Order Waiver Details [0..1]OrderWaiver1
    - TtlSttlmAmt Total Settlement Amount [0..1]ActiveCurrencyAndAmount
      Total amount of money paid /to be paid or received in exchange for the financial instrument in the multiple order.
    - BlkCshSttlmDtls Bulk Cash Settlement Details [0..1]PaymentTransaction162
      Payment process for the transfer of cash from the debtor to the creditor.
      - PmtInstrm Payment Instrument [1..1]PaymentInstrument27Choice (choice)
  - CpyDtls Copy Details [0..1]CopyInformation5
    Information provided when the message is a copy of a previous message.
    - CpyInd Copy Indicator [1..1]YesNoIndicator
      Indicates whether the message is a copy.
    - OrgnlRcvr Original Receiver [0..1]AnyBICDec2014Identifier
      Original receiver of the message, if this message is a copy.
  - Xtnsn Extension [0..*]Extension1
    Additional information that cannot be captured in the structured elements and/or any other specific block.
    - PlcAndNm Place And Name [1..1]Max350Text
      Name qualifying the information provided in the Text field, and place where this information should be inserted.
    - Txt Text [1..1]Max350Text
      Text of the extension.

Have a setr.012 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 setr.012

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

ExternalAccountIdentification1Code4 codes

setr.012 questions

What is the latest version of setr.012?: The latest version in the ISO 20022 e-Repository release of 24 April 2025 is setr.012.001.05.
What is the root element of setr.012?: The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:setr.012.001.05, and its message element is SbcptOrdrConf (SubscriptionOrderConfirmation).
Is there an MT equivalent of setr.012?: Yes. setr.012 does the same business job as MT515. Field-level translation has gaps in both directions.

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.