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CONTENTS

How to read your Trading Charge Backing Sheets V4.0

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How to read your Trading Charge Backing Sheets

Guidance Note

Summary

This guidance explains the purpose and format of Trading Charges backing sheets that are sent to you by the Funds Administration Agent.

What are Trading Charges backing sheets?

Backing Sheets provide a breakdown of your Trading Charges. They are sent to you whenever you incur a Trading Charge; if you incur Trading Charges daily, you’ll receive a Trading Charge backing sheet daily.

You shouldn’t pay Trading Charges from the backing sheet – ‘Advice Notes’ are sent for this purpose. You only need to pay Trading Charges when you receive an Advice Note.

You’ll receive an Advice Note when the amount that you owe, or are owed, is £500 or more on the last working day of the quarter.

What format are they in?

Backing Sheets are delivered both in PDF and in ASCII pipe-delimited format. The ASCII pipe-delimited format is meant for loading into applications such as MS Excel (or your own system) rather than direct interpretation.

What information do they contain?

This section will help you understand the information in your Trading Charge backing sheet. Here is an extract from an example backing sheet:

complex image of process

The next few sub-sections examine each ‘data group’ on the backing sheet.

Further details about each of the fields (characterised by 1M, 2M, 3M… etc) in these lines are also provided.

First Data Group

The first data group is the ‘ADV’ row. There is one of these rows per file.

1M

2M

3M

4M

ADV

PARTY001

000001

20081111

ADV – Advice Note Header (1)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= ADV

2 M

BSC Party ID

Char (8)

BSC Party Identifier

3 M

Advice Note Number

Number (10)

Backing Sheet Number

4 M

Payment Date

Date

YYYYMMDD format Known to the BSC Party as “Calendar Payment Date”

Second Data Group

The second data group comprises the ‘CRN’ row and the ‘CCT’ sub-rows. You have one CRN row in your file for each Settlement Run Type. The CCT rows detail what the charge types were for the Settlement Run.

Settlement Run Type

CRN|SF|20081014|20081111|20081111|501.00|501.00|0.00|0.00|0.00|

1M

2M

3M

4M

5M

6M

7M

8M

9M

10M

11M

CRN

SF

200810114

20081111

20081111

501.00

501.00

0.00

0.00

0.00

501.00

CRN – Current Run (1-*)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= CRN

2 M

Settlement Code

Char (2)

SF, R, R2, R3 or RF

3 M

Settlement Date

Date

YYYYMMDD format

4 M

Payment Date

Date

YYYYMMDD format Known to the BSC Party as “Calendar Payment Date”

5 M

Initial Payment Date

Date

YYYYMMDD format

6 M

Total

Number (12,2)

Total for current run

7 M

Difference

Number (12,2)

Difference between current run and previous run

8 M

Interest

Number (12,2)

Interest on Difference

9 M

VAT

Number (12,2)

VAT on Difference

10 M

Tax

Number (12,2)

Income Tax on Interest

11 M

Amount

Number (12,2)

= Difference + Interest + VAT - Tax

Current Run by Charge Type

CCT|B|0.00|Z

1M

2M

3M

4M

CCT

B

0.00

Z

CCT – Current Run by Charge Type (1-*)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= CCT

2 M

Charge Type Code

Char (1)

B, E, I, N, R or S

3 M

Amount

Number (12,2)

4 M

VAT Code

Char (1)

e.g. S, Z, E

complex image of process

Third Data Group

The third data group comprises the ‘PRN’ row and ‘PCT’ sub group. The PRN row provides details of the previous run type, and the PCT row the charge types for the previous run.

Previous Run Type

PRN|SF|20080917|20081015|-130.40

1M

2M

3M

4M

5M

PRN

SF

20080917

20081015

-130.40

PRN – Previous Run (0-*)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= PRN

2 M

Settlement Code

Char (2)

SF, R, R2, R3 or RF

3 M

Settlement Date

Date

YYYYMMDD format

4 M

Payment Date

Date

YYYYMMDD format Known to the BSC Party as “Calendar Payment Date”

5 M

Total

Number (12,2)

Previous Run by Charge Type

PCT|B|0.00|Z

1M

2M

3M

4M

PCT

B

0.00

Z

PCT – Previous Run by Charge Type (0-*)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= PCT

2 M

Charge Type Code

Char (1)

B, E, I, N, R or S

3 M

Amount

Number (12,2)

4 M

VAT Code

Char (1)

e.g. S, Z, E

complex image of process

Fourth Data Group

The fourth data group comprises the ‘IHD’ row and the ‘IDT’ sub group. The IHD row relates to your interest and the IDT rows give a breakdown of that interest.

The Interest Row

IHD|DF|20060628|0.00

1M

2M

3M

4M

IHD

DF

20060628

0.00

IHD – Interest Header (0-*)

Field

Field Name

Field type/ max size

Comment/description

1 M

Record Type

Char (3)

= IHD

2 M

Settlement Code

Char (2)

SF, R , R2, R3 or RF

3 M

Settlement Date

Date

YYYYMMDD format

4 M

Total Interest

Number (12,2)

The Interest Detail Rows

IDT|20060726|20060803|9|0.01|4.5000|0.00|0.01

1M

2M

3M

4M

5M

6M

7M

8M

IDT

20060726

20060803

9

0.0

4.5000

0.00

0.0

IDT – Interest Detail (0-*)

Field

Field Name

Field type/ max size

Comment/description

M

Record Type

Char (3)

= IDT

2 M

Start Date

Date

YYYYMMDD format

3 M

End Date

Date

YYYYMMDD format

4 M

Number of Days

Number (3)

Number of days for which interest rate applies

5 M

Principal

Number (12,4)

Principal Amount on which interest is calculated

6 M

Interest Rate

Number (8,2)

Interest rate used in calculation

7 M

Interest Amount

Number (12,4)

Interest amount for the period

8 M

Total Including Interest

Number (12,4)

Principal + Interest Amount

Need more information?

For more information please contact the BSC Service Desk or call 0370 010 6950.

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