DBV Indicator

Field 2.19 | Matching Date: 2023-01-01 | Tolerance: None | Agent Lender Data Provision: No>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Field 2.19 | Matching Date: 2023-01-01 | Tolerance: None | Agent Lender Data Provision: No

Description:
This field specifies whether the transaction was settled using the Delivery-by-Value (DBV) mechanism.

Best Practice:
When populated, this field should be populated with either "TRUE" to indicate when the trade is collateralised using DBV at Crest Co. or "FALSE" to indicate where it is not.

When booking a cash pool trade then report false for the NEWT for a securities loan, the DBV allocation is a secondary back office action and the DBV securities will be reported separately in the collateral position report. (SFTR-39)