What does MT566 confirm?
MT566 confirms proceeds or movements resulting from a corporate action. It can report securities movements, cash movements, tax, rates, prices and other details tied to an event and account.
Operational checks
Match the corporate action reference to the original notification, confirm the event type and security, then reconcile credited or debited quantities and cash amounts with the expected entitlement and account entries.
Reversal functions require special handling. A reversed movement can map to a different seev flow from an ordinary confirmation and must be reviewed in context.