What is the latest version of setr.013?

The latest version in the ISO 20022 e-Repository release of 24 April 2025 is setr.013.001.04.

What is the root element of setr.013?

The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:setr.013.001.04, and its message element is SwtchOrdr (SwitchOrder).

Is there an MT equivalent of setr.013?

No Swift MT message is listed as its direct equivalent on this site. Many ISO 20022 messages have no MT counterpart.

setr: Securities Trade

setr.013 Switch Order

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

setr.013 is the ISO 20022 SwitchOrder message in the Securities Trade business area (setr). The latest version is setr.013.001.04, and 3 versions are in the repository.

Message: SwitchOrder
Latest version: setr.013.001.04
Submitting organisation: Not read from the catalogue
MT equivalent: None listed

In use: published in the current ISO 20022 catalogue.

What setr.013 is for

The SwitchOrder message is sent by an instructing party, for example, an investment manager or its authorised representative, to the executing party, for example, a transfer agent, to instruct a switch transaction from a financial instrument or multiple financial instruments to a different specified financial instrument or instruments for a specified amount/quantity.
The SwitchOrder message is used to either:
- instruct one switch transaction comprising one or more redemption legs and one or more subscription legs, that is, a single switch transaction that can be a one to one, many to one, many to many or one to many switch transaction, or,
- instruct one or many switch transactions each comprising one redemption leg and one subscription leg, that is, multiple simple switch transactions.
The SwitchOrder message may be used to either:
- instruct a switch transaction for one investment account, or,
- instruct a switch transaction for separate accounts at the redemption and subscription leg levels.
The message caters for a switch from one financial instrument to another financial instrument (within the same fund family), many to one, many to many and one to many.
The message caters for switch transactions that result in an additional cash payment from the investor or a transaction that results in a net payment to the investor. Not all institutions or funds permit this type of switch and acceptance is therefore not automatic.

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

setr.013 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.013.001.04latest	Registered	Latest version set
setr.013.001.03	Registered	Previous version set
setr.013.001.02	Registered	Archive

setr.013 message structure

The building blocks of setr.013.001.04 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]
- SwtchOrdr SwitchOrder [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]AdditionalReference9
    Collective reference identifying a set of messages.
    - Ref Reference [1..1]Max35Text
      Reference identifying a set of messages.
    - RefIssr Reference Issuer [0..1]PartyIdentification113
      Issuer of the reference.
      - Pty Party [1..1]PartyIdentification90Choice (choice)
      - LEI LEI [0..1]LEIIdentifier
    - MsgNm Message Name [0..1]Max35Text
      Name of the message.
  - PrvsRef Previous Reference [0..*]AdditionalReference8
    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]PartyIdentification113
      Issuer of the reference.
      - Pty Party [1..1]PartyIdentification90Choice (choice)
      - LEI LEI [0..1]LEIIdentifier
    - MsgNm Message Name [0..1]Max35Text
      Name of the message.
  - MsgPgntn Message Pagination [0..1]Pagination
    Pagination of the message.
    - PgNb Page Number [1..1]Max5NumericText
      Page number.
    - LastPgInd Last Page Indicator [1..1]YesNoIndicator
      Indicates the last page.
  - SwtchOrdrDtls Switch Order Details [1..*]SwitchOrder7
    Information related to the switch order.
    - MstrRef Master Reference [0..1]Max35Text
      Unique and unambiguous identifier for a group of individual orders, as assigned by the instructing party.
    - OrdrDtTm Order Date Time [0..1]ISODateTime
      Date and time the order is placed by the investor or its agent.
    - PlcOfTrad Place Of Trade [0..1]PlaceOfTradeIdentification1Choice (choice)
      Market in which the advised trade transaction was executed.
      - Ctry Country [1..1]CountryCode
      - Xchg Exchange [1..1]MICIdentifier
      - Pty Party [1..1]AnyBICIdentifier
      - OverTheCntr Over The Counter [1..1]Max35Text
    - OrdrRef Order Reference [1..1]Max35Text
      Unique and unambiguous identifier for the order, as assigned by the instructing party.
    - ClntRef Client Reference [0..1]Max35Text
      Unique and unambiguous investor's identification of the order.
    - InvstmtAcctDtls Investment Account Details [0..1]InvestmentAccount58
      Account impacted by the investment fund order.
      - AcctId Account Identification [1..1]Max35Text
      - AcctNm Account Name [0..1]Max35Text
      - AcctDsgnt Account Designation [0..1]Max35Text
      - OwnrId Owner Identification [0..*]PartyIdentification113
      - AcctSvcr Account Servicer [0..1]PartyIdentification113
      - OrdrOrgtrElgblty Order Originator Eligibility [0..1]OrderOriginatorEligibility1Code
      - SubAcctDtls Sub Account Details [0..1]SubAccount6
    - RltdPtyDtls Related Party Details [0..10]Intermediary40
      Party related to the transaction.
      - Id Identification [1..1]PartyIdentification113
      - Acct Account [0..1]Account22
      - OrdrOrgtrElgblty Order Originator Eligibility [0..1]OrderOriginatorEligibility1Code
      - Role Role [0..1]InvestmentFundRole2Choice (choice)
    - ReqdFutrTradDt Requested Future Trade Date [0..1]ISODate
      Future date at which the investor requests the order to be executed.
    - SttlmAmt Settlement Amount [0..1]ActiveCurrencyAndAmount
      Total amount of money paid /to be paid or received in exchange for the financial instrument in the individual order.
    - CshSttlmDt Cash Settlement Date [0..1]ISODate
      Date on which cash is available.
    - SttlmMtd Settlement Method [0..1]DeliveryReceiptType2Code
      Method by which the transaction is settled.
    - AddtlAmt Additional Amount [0..1]AdditionalAmount1Choice (choice)
      Choice between additional cash in or resulting cash out.
      - AddtlCshIn Additional Cash In [1..1]ActiveOrHistoricCurrencyAndAmount
      - RsltgCshOut Resulting Cash Out [1..1]ActiveOrHistoricCurrencyAndAmount
    - XpryDtTm Expiry Date Time [0..1]DateAndDateTimeChoice (choice)
      Date on which the order expires.
      - Dt Date [1..1]ISODate
      - DtTm Date Time [1..1]ISODateTime
    - 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
    - RedLegDtls Redemption Leg Details [1..*]SwitchRedemptionLegOrder6
      Part of the investment fund switch order that is a redemption.
      - LegId Leg Identification [0..1]Max35Text
      - FinInstrmDtls Financial Instrument Details [1..1]FinancialInstrument57
      - FinInstrmQtyChc Financial Instrument Quantity Choice [0..1]FinancialInstrumentQuantity29Choice (choice)
      - InvstmtAcctDtls Investment Account Details [0..1]InvestmentAccount58
      - IncmPref Income Preference [0..1]IncomePreference1Code
      - Grp1Or2Units Group1 Or2 Units [0..1]UKTaxGroupUnit1Code
      - ReqdSttlmCcy Requested Settlement Currency [0..1]ActiveCurrencyCode
      - ReqdNAVCcy Requested NAV Currency [0..1]ActiveOrHistoricCurrencyCode
      - TxOvrhd Transaction Overhead [0..1]FeeAndTax1
      - SttlmAndCtdyDtls Settlement And Custody Details [0..1]FundSettlementParameters12
      - PhysDlvryInd Physical Delivery Indicator [1..1]YesNoIndicator
      - PhysDlvryDtls Physical Delivery Details [0..1]DeliveryParameters3
      - NonStdSttlmInf Non Standard Settlement Information [0..1]Max350Text
      - Equlstn Equalisation [0..1]Equalisation1
    - SbcptLegDtls Subscription Leg Details [1..*]SwitchSubscriptionLegOrder6
      Part of the investment fund switch order that is a subscription.
      - LegId Leg Identification [0..1]Max35Text
      - FinInstrmDtls Financial Instrument Details [1..1]FinancialInstrument57
      - FinInstrmQtyChc Financial Instrument Quantity Choice [0..1]FinancialInstrumentQuantity26Choice (choice)
      - InvstmtAcctDtls Investment Account Details [0..1]InvestmentAccount58
      - IncmPref Income Preference [0..1]IncomePreference1Code
      - ReqdSttlmCcy Requested Settlement Currency [0..1]ActiveCurrencyCode
      - ReqdNAVCcy Requested NAV Currency [0..1]ActiveOrHistoricCurrencyCode
      - TxOvrhd Transaction Overhead [0..1]FeeAndTax1
      - SttlmAndCtdyDtls Settlement And Custody Details [0..1]FundSettlementParameters11
      - PhysDlvryInd Physical Delivery Indicator [1..1]YesNoIndicator
      - PhysDlvryDtls Physical Delivery Details [0..1]NameAndAddress4
      - NonStdSttlmInf Non Standard Settlement Information [0..1]Max350Text
      - Equlstn Equalisation [0..1]Equalisation1
    - CshSttlmDtls Cash Settlement Details [0..1]PaymentTransaction71
      Payment process for the transfer of cash from the debtor to the creditor.
      - CshInOrOut Cash In Or Out [1..1]CashInOrOut7Choice (choice)
    - FXDtls Foreign Exchange Details [0..1]ForeignExchangeTerms32
      Information needed to process a currency exchange or conversion.
      - UnitCcy Unit Currency [1..1]ActiveCurrencyCode
      - QtdCcy Quoted Currency [1..1]ActiveCurrencyCode
      - XchgRate Exchange Rate [1..1]BaseOneRate
      - QtnDt Quotation Date [0..1]ISODateTime
      - QtgInstn Quoting Institution [0..1]PartyIdentification113
    - FinAdvc Financial Advice [0..1]FinancialAdvice1Code
      Specifies if advice has been received from an independent financial advisor.
    - NgtdTrad Negotiated Trade [0..1]NegotiatedTrade1Code
      Specifies whether the trade is negotiated.
    - CstmrCndctClssfctn Customer Conduct Classification [0..1]CustomerConductClassification1Choice (choice)
      Assessment of the customer’s behaviour at the time of the account opening application.
      - Cd Code [1..1]ConductClassification1Code
      - Prtry Proprietary [1..1]GenericIdentification47
    - TxChanlTp Transaction Channel Type [0..1]TransactionChannelType1Choice (choice)
      Means by which the investor or account owner submits the open account form.
      - Cd Code [1..1]TransactionChannel2Code
      - Prtry Proprietary [1..1]GenericIdentification47
    - SgntrTp Signature Type [0..1]SignatureType1Choice (choice)
      Type of signature.
      - Cd Code [1..1]SignatureType2Code
      - Prtry Proprietary [1..1]GenericIdentification47
    - OrdrWvrDtls Order Waiver Details [0..1]OrderWaiver1
      Information about a non-standard order.
      - OrdrWvrRsn Order Waiver Reason [0..*]OrderWaiverReason3Choice (choice)
      - InfVal Information Value [0..1]Max350Text
  - CpyDtls Copy Details [0..1]CopyInformation4
    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]AnyBICIdentifier
      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.013 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.013

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.013 questions

What is the latest version of setr.013?: The latest version in the ISO 20022 e-Repository release of 24 April 2025 is setr.013.001.04.
What is the root element of setr.013?: The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:setr.013.001.04, and its message element is SwtchOrdr (SwitchOrder).
Is there an MT equivalent of setr.013?: 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.