14. Processing SWIFT Messages

SWIFT is the ‘Society for Worldwide Interbank Financial Telecommunication’, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. SWIFT enables customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations.

SWIFT is solely a carrier of messages. It does not hold funds nor does it manage accounts on behalf of customers, nor does it store financial information on an on-going basis. As a data carrier, SWIFT transports messages between two financial institutions. This activity involves the secure exchange of proprietary data while ensuring its confidentiality and integrity.

There are four key areas that SWIFT services fall under within the financial marketplace. They are Securities, Treasury and Derivatives, Trade Services, and Payments & Cash Management.

SWIFT messages consist of five blocks of data including three headers, message content, and a trailer. They are identified in a consistent manner. They all start with the literal ‘MT’ which denotes Message Type. This is followed by a 3-digit number that denotes the message type, category, and group. The following are the categories of a message:

	Category		Description
	Category 1		Customer Payments and Cheques
	Category 2		Financial Institution Transfers
	Category 3		Treasury Markets - Foreign Exchange, Money Markets and Deriv­atives
	Category 4		Collections and Cash Letters
	Category 5		Securities Markets
	Category 6		Treasury Markets - Metals
	Category 7		Documentary Credits and Guarantees
	Category 8		Travellers Cheques
	Category 9		Cash Management and Customer Status
	Category n		Common Group Messages

The following SWIFT message types are generated for the various transfers that are initiated through Oracle FLEXCUBE.

This chapter contains the following sections:

• Section 14.1, "Customer Payments and Cheques"
• Section 14.2, "Financial Institution Transfers"
• Section 14.3, "Treasury Markets - Foreign Exchange, Money Markets and Derivatives"
• Section 14.4, "Collections and Cash Letters"
• Section 14.5, "Securities Markets"
• Section 14.6, "Treasury Markets - Metals"
• Section 14.7, "Documentary Credits and Guarantees"
• Section 14.8, "Cash Management and Customer Status"

14.1 Customer Payments and Cheques

This section contains the following topics:

• Section 14.1.1, "MT 102 Multiple Customer Credit Transfer"
• Section 14.1.2, "MT 103 Single Customer Credit Transfer"
• Section 14.1.3, "MT 103 REMIT Single Customer Credit Transfer"
• Section 14.1.3, "MT 103 REMIT Single Customer Credit Transfer"
• Section 14.1.5, "MT 110 Advice of Cheque(s)"
• Section 14.1.6, "MT 111 Request for Stop Payment of a Cheque"
• Section 14.1.7, "MT 191 Request for Payment of Charges, Interest, and Other Expenses"

14.1.1 MT 102 Multiple Customer Credit Transfer

Category 1 consists of the following types of customer related payment messages:

• customer credit transfers
• customer debit transfers
• cheque payments

The messages in this category deal with payments, or information about payments, in which the ordering party or the beneficiary, or both, are not financial institutions.

This message is sent by or on behalf of the financial institution of the ordering customer(s) to another financial institution for payment to the beneficiary customer.

It requests the Receiver to credit the beneficiary customer(s) directly or indirectly through a clearing mechanism or another financial institution, or to issue a cheque to the beneficiary.

This message is used to convey multiple payment instructions between financial institutions for clean payments. Its use is subject to bilateral/multilateral agreements between Sender and Receiver.

Amongst other things, these bilateral agreements cover the transaction amount limits, the currencies accepted and their settlement.

Maximum Length: 10000

14.1.1.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	20		File Reference		16x		M
	23		Bank Operation Code		16x		M
	51A		Sending Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	50a		Ordering Customer		A, F, or K		O
	52a		Ordering Institution		A, B, or C		O
	26T		Transaction Type Code		3!c		O
	77B		Regulatory Reporting		3*35x		O
	71A		Details of Charges		3!a		O
	36		Exchange Rate		12d		O

 

Mandatory Repetitive Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	21		Transaction Reference		16x		M
	32B		Transaction Amount		3!a15d		M
	50a		Ordering Customer		A, F, or K		O
	52a		Ordering Institution		A, B, or C		O
	57a		Account With Institution		A or C		O
	59a		Beneficiary Customer		No letter option, A or F		M
	70		Remittance Information		4*35x		O
	26T		Transaction Type Code		3!c		O
	77B		Regulatory Reporting		3*35x		O
	33B		Currency/Instructed Amount		3!a15d		O
	71A		Details of Charges		3!a		O
	71F		Sender's Charges		3!a15d		O
	71G		Receiver's Charges		3!a15d		O
	36		Exchange Rate		12d		O

 

Mandatory Sequence C Settlement Details

	Field Tag		Field Name		Format		Mandatory/Optional
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	19		Sum of Amounts		17d		O
	71G		Sum of Receiver's Charges		3!a15d		O
	13C		Time Indication		/8c/4!n1!x4!n		O
	53a		Sender's Correspondent		A or C		O
	54A		Receiver's Correspondent		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	72		Sender to Receiver Information		6*35x		O

14.1.2 MT 103 Single Customer Credit Transfer

This message type is sent by or on behalf of the financial institution of the ordering customer, directly or through (a) correspondent(s), to the financial institution of the beneficiary customer. It is used to convey a funds transfer instruction in which the ordering customer or the beneficiary customer, or both, are non-financial institutions from the perspective of the Sender.

This message may only be used for clean payment instructions. It must not be used to advise the remitting bank of a payment for a clean, e.g. cheque, collection, nor to provide the cover for a transaction whose completion was advised separately, e.g. via an MT 400.

Maximum Length: 10000

Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	13C		Time Indication		/8c/4!n1!x4!n		O
	23B		Bank Operation Code		4!c		M
	23E		Instruction Code		4!c[/30x]		O
	26T		Transaction Type Code		3!c		O
	32A		Value Date/Currency/Inter­bank Settled Amount		6!n3!a15d		M
	33B		Currency/Instructed Amount		3!a15d		O
	36		Exchange Rate		12d		O
	50a		Ordering Customer		A, F, or K		M
	51A		Sending Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	52a		Ordering Institution		A or D		O
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	55a		Third Reimbursement Institu­tion		A, B, or D		O
	56a		Intermediary Institution		A, C, or D		O
	57a		Account With Institution		A, B, C, or D		O
	59a		Beneficiary Customer		No letter option, A, or F		M
	70		Remittance Information		4*35x		O
	71A		Details of Charges		3!a		M
	71F		Sender's Charges		3!a15d		O
	71G		Receiver's Charges		3!a15d		O
	72		Sender to Receiver Information		6*35x		O
	77B		Regulatory Reporting		3*35x		O
	77T		Envelope Contents		9000z		O

14.1.3 MT 103 REMIT Single Customer Credit Transfer

This message type is sent by or on behalf of the financial institution of the ordering customer, directly or through (a) correspondent(s), to the financial institution of the beneficiary customer.

It is used to convey a funds transfer instruction in which the ordering customer or the beneficiary customer, or both, are non-financial institutions from the perspective of the Sender.

This message may only be used for clean payment instructions. It must not be used to advise the remitting bank of a payment for a clean, for example, cheque, collection, nor to provide the cover for a transaction whose completion was advised separately, for example, via an MT 400.

Maximum Length: 10000

14.1.3.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	13C		Time Indication		/8c/4!n1!x4!n		O
	23B		Bank Operation Code		4!c		M
	23E		Instruction Code		4!c[/30x]		O
	26T		Transaction Type Code		3!c		O
	32A		Value Date/Currency/Interbank Settled Amount		6!n3!a15d		M
	33B		Currency/Instructed Amount		3!a15d		O
	36		Exchange Rate		12d		O
	50a		Ordering Customer		A, F, or K		M
	51a		Sending Institution		[/1!a][/34x]	4!a2!a2!c[3!c]		O
	52A		Ordering Institution		A or D		O
	53a		Sender's Correspondent		A, B or D		O
	54A		Receiver's Correspondent		A, B or D		O
	55A		Third Reimbursement Institu­tion		A, B or D		O
	56A		Intermediary Institution		A, C or D		O
	57A		Account With Institution		A, B, C or D		O
	59a		Beneficiary Customer		No letter option, A, or F		M
	71A		Details of Charges		3!a		M
	71F		Sender's Charges		3!a15d		O
	71G		Receiver's Charges		3!a15d		O
	72		Sender to Receiver Information		6*35x		O
	77B		Regulatory Reporting		3*35x		O
	77T		Envelope Contents		9000z		M

 

14.1.4 MT 103+ Single Customer Credit Transfer

This message type is sent by or on behalf of the financial institution of the ordering customer, directly or through (a) correspondent(s), to the financial institution of the beneficiary customer. It is used to convey a funds transfer instruction in which the ordering customer or the beneficiary customer, or both, are non-financial institutions from the perspective of the Sender.

This message may only be used for clean payment instructions. It must not be used to advise the remitting bank of a payment for a clean, e.g. cheque, collection, nor to provide the cover for a transaction whose completion was advised separately, e.g. via an MT 400.

Maximum Length: 10000

14.1.4.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	13C		Time Indication		/8c/4!n1!x4!n		O
	23B		Bank Operation Code		4!c		M
	23E		Instruction Code		4!c[/30x]		O
	26T		Transaction Type Code		3!c		O
	32A		Value Date/Currency/Interbank Settled Amount		6!n3!a15d		M
	33B		Currency/Instructed Amount		3!a15d		O
	36		Exchange Rate		12d		O
	50a		Ordering Customer		A, F, or K		M
	52A		Ordering Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	53a		Sender's Correspondent		A or B		O
	54A		Receiver's Correspondent		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	55A		Third Reimbursement Institu­tion		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	56A		Intermediary Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	57A		Account With Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	59a		Beneficiary Customer		No letter option, A, or F		M
	70		Remittance Information		4*35x		O
	71A		Details of Charges		3!a		M
	71F		Sender's Charges		3!a15d		O
	71G		Receiver's Charges		3!a15d		O
	72		Sender to Receiver Information		6*35x		O
	77B		Regulatory Reporting		3*35x		O

The differences between MT 103 and MT 103+ messages are as follows:

• Appropriate MT 103+ format validation is triggered by the code STP in the validation flag field 119 ({3:{119: STP}}) of the user header of the message (block 3)
• In MT 103+ message, fields 52, 54, 55, 56 and 57 may only be used with letter option A
• In MT 103+ message, field 53 may only be used with letter options A and B
• Field 51A is not used in MT 103+. This message may only be used on the FIN SWIFT network since it requires special validation.
• Field 23E may only contain codes CORT, INTC, SDVA and REPA in MT 103+
• If field 53a is used with option B in MT 103+ message, then the Party Identifier must be used
• For MT 103+ message, subfield 1 (Account) of either field 59 or 59A is always mandatory
• In MT 103+ message, code INS must be followed by a valid BIC for Field 72
• In MT 103+ message, codes REJT/RETN must not be used for Field 72
• Field 72 must not include ERI information in MT 103+

14.1.5 MT 110 Advice of Cheque(s)

This multiple message is sent by a drawer bank, or a bank acting on behalf of the drawer bank to the bank on which a/several cheque(s) has/have been drawn (the drawee bank).

It is used to advise the drawee bank, or confirm to an enquiring bank, the details concerning the cheque(s) referred to in the message.

Maximum Length: 2000

14.1.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	72		Sender to Receiver Informa­tion		6*35x		O
	21		Cheque Number		16x		M
	30		Date of Issue		6!n		M
	32a		Amount		A or B		M
	52a		Drawer Bank		A, B, or D		O
	59		Payee		[/34x] 4*35x		M

14.1.6 MT 111 Request for Stop Payment of a Cheque

This single message type is sent by a drawer bank, or a bank acting on behalf of the drawer bank, to the bank on which a cheque has been drawn (the drawee bank).

It is used to request stop payment of the cheque referred to in the message.

Maximum Length: 2000

14.1.6.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Cheque Number		16x		M
	30		Date of Issue		6!n		M
	32a		Amount		A or B		M
	52a		Drawer Bank		A, B, or D		O
	59		Payee		[/34x] 4*35x		O
	75		Queries		6*35x		O

14.1.7 MT 191 Request for Payment of Charges, Interest, and Other Expenses

This message type is sent by a financial institution to another financial institution.

It is used to request the payment of charges, interest and/or other expenses which are previously unknown to the Receiver.

Maximum Length: 2000

14.1.7.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		M
	32B		Currency Code, Amount		3!a15d		M
	52a		Ordering Institution		A or D		O
	57a		Account With Institution		A, B or D		O
	71B		Details of Charges		6*35x		M
	72		Sender to Receiver Information		6*35x		O

14.2 Financial Institution Transfers

This section contains the following topics:

• Section 14.2.1, "MT 200 Financial Institution Transfer for its Own Account"
• Section 14.2.2, "MT 202 General Financial Institution Transfer"
• Section 14.2.3, "MT 203 Multiple General Financial Institution Transfer"
• Section 14.2.4, "MT 204 Financial Markets Direct Debit Message"
• Section 14.2.5, "MT 205 Financial Institution Transfer Execution"
• Section 14.2.6, "MT 210 Notice to Receive"

14.2.1 MT 200 Financial Institution Transfer for its Own Account

This message type is sent by an account owner to one of its account servicing institutions. It is used for single funds transfer between two accounts of the beneficiary bank maintained with two different financial institutions.

It is used to request the movement of funds from an account that the Receiver services for the Sender to an account that the Sender has, in the same currency, with another financial institution.

Maximum Length: 2000

14.2.1.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	53B		Sender's Correspondent		[/1!a][/34x] [35x]		O
	56a		Intermediary		A or D		O
	57a		Account With Institution		A, B, or D		M
	72		Sender to Receiver Information		6*35x		O

14.2.2 MT 202 General Financial Institution Transfer

Requests the movement of funds between financial institutions

Maximum Length: 2000

14.2.2.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	13C		Time Indicator		/8c/4!n1!s4!n		O
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	52a		Ordering Institution		A or D		O
	53a		Sender's Correspondent		A, B or D		O
	54a		Receiver's Correspondent		A, B or D		O
	56a		Intermediary		A or D		O
	57a		Account With Institution		A, B or D		O
	58a		Beneficiary Institution		A or D		M
	72		Sender to Receiver Information		6*35x		O

Note

‘TSU - Trade Services Utility transaction’ is supported for field 72 in this particular mes­sage.

14.2.3 MT 203 Multiple General Financial Institution Transfer

This multiple message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution(s) of several beneficiary institution(s). The message contains several transactions.

It is used to order the movement of funds to each beneficiary institution.

This message may also contain order(s) for the movement of the Sender's own funds in favour of itself. This is the case when the Receiver services multiple accounts for the Sender and the funds are to be transferred between these accounts. In addition, it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account owned by the Sender at an institution specified in field 57a.

Maximum Length: 2000

14.2.3.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	19		Sum of Amounts		17d		M
	30		Value Date		6!n		M
	52a		Ordering Institution		A or D		O
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		M
	32B		Currency Code, Amount		3!a15d		M
	56a		Intermediary		A or D		O
	57a		Account With Institution		A, B, or D		O
	58a		Beneficiary Institution		A or D		M
	72		Sender to Receiver Information		6*35x		O

14.2.4 MT 204 Financial Markets Direct Debit Message

Claims funds from SWIFT member banks

Maximum Length: 2000

14.2.4.1 Format Specifications

Sequence A

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	19		Sum of Amounts		17d		M
	30		Value Date		6!n		M
	57a		Account with Institution		A, B or D		O
	58a		Beneficiary Institution		A or D		O
	72		Sender to Receiver Information		6*35x		O

 

Sequence B

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	32B		Transaction Amount		3!a15d		M
	53a		Debit Institution		A, B or D		M
	72		Sender to Receiver Information		6*35x		O

Note

‘TSU - Trade Services Utility transaction’ is supported for field 72 in this particular mes­sage.

14.2.5 MT 205 Financial Institution Transfer Execution

This message is sent by the Receiver of a category 2 transfer message, ie, MT 200, 201, 202, 203 or 205, directly or through correspondent(s), to another financial institution located in the same country as the Sender.

It is used to further transmit a funds transfer instruction domestically.

Maximum Length: 2000

14.2.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	13C		Time Indication		/8c/4!n1!x4!n		O
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	52a		Ordering Institution		A or D		M
	53a		Sender's Correspondent		A, B, or D		O
	56a		Intermediary		A or D		O
	57a		Account With Institution		A, B, or D		O
	58a		Beneficiary Institution		A or D		M
	72		Sender to Receiver Information		6*35x		O

14.2.6 MT 210 Notice to Receive

This message type is sent by an account owner to one of its account servicing institutions.

It is an advance notice to the account servicing institution that it will receive funds to be credited to the Sender's account.

Maximum Length: 2000

14.2.6.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	25		Account Identification		35x		O
	30		Value Date		6!n		M
	21		Related Reference		16x		M
	32B		Currency Code, Amount		3!a15d		M
	50a		Ordering Customer		No letter option, C, or F		O
	52a		Ordering Institution		A or D		O
	56a		Intermediary		A or D		O

14.3 Treasury Markets - Foreign Exchange, Money Markets and Derivatives

This section contains the following topics:

• Section 14.3.1, "MT 300 Foreign Exchange Confirmation"
• Section 14.3.2, "Optional Sequence D Split Settlement Details"
• Section 14.3.3, "MT 306 Foreign Currency Option Confirmation"
• Section 14.3.4, "MT 320 Fixed Loan/Deposit Confirmation"
• Section 14.3.5, "MT 330 Call/Notice Loan/Deposit Confirmation"
• Section 14.3.6, "MT 340 Forward Rate Agreement Confirmation"
• Section 14.3.7, "MT 341 Forward Rate Agreement Settlement Confirmation"
• Section 14.3.8, "MT 350 Advice of Loan/Deposit Interest Payment"
• Section 14.3.9, "MT 360 Single Currency Interest Rate Derivative Confirmation"
• Section 14.3.10, "MT 361 Cross Currency Interest Rate Swap Confirmation"
• Section 14.3.11, "MT 362 Interest Rate Reset/Advice of Payment"
• Section 14.3.12, "MT 364 Single Currency Interest Rate Derivative Termination/ Recouponing Confirmation"
• Section 14.3.13, "MT 365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation"

14.3.1 MT 300 Foreign Exchange Confirmation

This message is exchanged by or on behalf of the institutions or corporate, party A and party B, which have agreed to a foreign exchange contract.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

This message is also used when one of the trading parties is a fund manager as the fund manager has to specify the fund for which he is dealing.

The MT 300 is used to:

• confirm the details of a new contract between the parties
• confirm an exercised foreign currency option
• confirm the details of an amendment to a previously sent confirmation
• Cancel a previously sent confirmation.

Maximum Length: 10000

14.3.1.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	17T		Block Trade Indicator		1!a		O
	17U		Split Settlement Indicator		1!a		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Beneficiary Cus­tomer		A, D, or J		O
	77D		Terms and Conditions		6*35x		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	30T		Trade Date		8!n		M
	30V		Value Date		8!n		M
	36		Exchange Rate		12d		M

 

Mandatory Subsequence B1 Amount Bought

	Field Tag		Field Name		Format		Mandatory/Optional
	32B		Currency, Amount		3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M

 

Mandatory Subsequence B2 Amount Sold

	Field Tag		Field Name		Format		Mandatory/Optional
	33B		Currency, Amount		3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence C Optional General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	84a		Dealing Branch Party A		A, B, D, or J		O
	85a		Dealing Branch Party B		A, B, D, or J		O
	88a		Broker Identification		A, D, or J		O
	71F		Broker's Commission		3!a15d		O
	26H		Counterparty's Reference		16x		O
	21G		Broker's Reference		16x		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

14.3.2 Optional Sequence D Split Settlement Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	17A		Buy (Sell) Indicator		1!a		M
	32B		Currency, Amount		3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O
	16A		Number of Settlements		5n		M

MT 305 Foreign Currency Option Confirmations

This message type is exchanged between the financial institutions which have agreed to a foreign currency option contract.

It is used to confirm the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation

the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

Maximum Length: 2000

14.3.2.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence				M
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		M
	22		Code/Common Reference		8a/4!a2!c4!n4!a2!c		M
	23		Further Identification		16x		M
	94A		Scope of Operation		4!c		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Beneficiary Customer		A, D, or J		O
	30		Date Contract Agreed/Amended		6!n		M
	31C		Earliest Exercise Date		6!n		O
	31G		Expiry Details		6!n/4!n/12a		M
	31E		Final Settlement Date		6!n		M
	26F		Settlement Type		9a		M
	32B		Underlying Currency and Amount		3!a15d		M
	36		Strike Price		12d		M
	33B		Counter Currency and Amount		3!a15d		M
	37K		Premium Price		3!a12d		M
	34a		Premium Payment		P or R		M
	53a		Sender's Correspondent		A, B, or D		O
	56a		Intermediary		A or D		O
	57a		Account With Institution		A or D		M
	77D		Terms and Conditions		6*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O

14.3.3 MT 306 Foreign Currency Option Confirmation

This message is exchanged to confirm a foreign currency option contract, by or on behalf of the institutions or corporate, party A and party B, which have agreed to it.

A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal. If there are two money brokers involved in arranging a deal between party A and party B, this message can also be exchanged between these money brokers.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• a trigger event: knock-in/knock-out of an option, hitting of a trigger level
• the close out of an option

Maximum Length: 10000

14.3.3.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	12G		Option Type		4!c		O
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	12F		Option Style		4!c		M
	12E		Expiration Style		4!c		M
	17A		Barrier Indicator		1!a		M
	17F		Non-Deliverable Indicator		1!a		M
	22K		Type of Event		4!c[/35x]		M
	30U		Date of Trigger Hit		8!n		O
	29H		Location of Trigger Hit		4!c		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Beneficiary Cus­tomer		A, D, or J		O
	77H		Type, Date, Version of the Agreement		6a[/8!n][//4!n]		M
	77D		Additional Conditions		6*35x		O
	14C		Year of Definitions		4!n		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	17V		Buy (Sell) Indicator		1!a		M
	30T		Trade Date		8!n		M
	30X		Expiration Date		8!n		M
	29E		Expiration Location and Time		4!c/4!n		M
	30a		Final Settlement Date		F or J		M

 

Optional Subsequence B1 Premium Details

	Field Tag		Field Name		Format		Mandatory/Optional
	37K		Premium Price		3!a12d		O
	30V		Premium Payment Date		8!n		M
	34B		Premium Currency and Amount		3!a15d		M

 

Optional Subsequence B2 Calculation Agent

	Field Tag		Field Name		Format		Mandatory/Optional
	84a		Calculation Agent		A, B, D, or J		O

 

Optional Sequence C Settlement Instructions for Payment of Premium

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence D Vanilla Block

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	30P		Earliest Exercise Date		8!n		O
	30Q		Intermediate Exercise Date		8!n		O
	26F		Settlement Type		9a		M
	32B		Put Currency and Amount		3!a15d		M
	36		Strike Price		12d		M
	33B		Call Currency and Amount		3!a15d		M

 

Optional Sequence E Payout Amount

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	33E		Currency, Amount		3!a15d		M
	30H		Touch Payment Date		8!n		O
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence F Barrier Block

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	22G		Type of Barrier		4!c		M
	37J		Barrier Level		12d		M
	37L		Lower Barrier Level		12d		O

 

Optional Subsequence F1 Barrier Window Block

	Field Tag		Field Name		Format		Mandatory/Optional
	30G		Barrier Window Start Date and End Date		8!n/8!n		M
	29J		Location and Time for Start Date		4!c[/4!n]		M
	29K		Location and Time for End Date		4!c/4!n		M

 

Optional Sequence G Trigger Block

	Field Tag		Field Name		Format		Mandatory/Optional
	15G		New Sequence		Empty field		M
	22J		Type of Trigger		4!c		M
	37U		Trigger Level		12d		M
	37P		Lower Trigger Level		12d		O
	32Q		Currency Pair		3!a/3!a		M

 

Optional Sequence H Non Deliverable Option Block

	Field Tag		Field Name		Format		Mandatory/Optional
	15H		New Sequence		Empty field		M
	14S		Settlement Rate Source, Settlement Rate Location, Settlement Rate Time (HHMM)		3!a2!n		M
	32E		Settlement Currency		3!a		M

 

Optional Sequence I Additional Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15I		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	88a		Broker Identification		A or D		O
	71F		Broker's Commission		3!a15d		O
	21G		Broker's Reference		16x		O
	72		Sender to Receiver Information		6*35x		O

 

Optional Sequence J Additional Amounts

	Field Tag		Field Name		Format		Mandatory/Optional
	15J		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32H		Currency, Payment Amount		[N]3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M

14.3.4 MT 320 Fixed Loan/Deposit Confirmation

This message is exchanged to confirm a fixed term loan/deposit contract, in order to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• a rolled over/renewed contract between the parties
• the maturity of a contract

This message is exchanged by or on behalf of the institutions or corporate, party A and party B, who have agreed to a fixed term loan/deposit contract. A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.

Maximum Length: 10000

14.3.4.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22B		Type of Event		4!c		M
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	21N		Contract Number Party A		16x		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Instructing Party		A, D, or J		O
	77D		Terms and Conditions		6*35x		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	17R		Party A's Role		1!a		M
	30T		Trade Date		8!n		M
	30V		Value Date		8!n		M
	30P		Maturity Date		8!n		M
	32B		Currency and Principal Amount		3!a15d		M
	32H		Amount to be Settled		[N]3!a15d		O
	30X		Next Interest Due Date		8!n		O
	34E		Currency and Interest Amount		[N]3!a15d		M
	37G		Interest Rate		[N]12d		M
	14D		Day Count Fraction		7x		M
	30F		Last Day of the First Interest Period		8!n		O
	38J		Number of Days		1!a3!n		O

 

Mandatory Sequence C Settlement Instructions for Amounts Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Mandatory Sequence D Settlement Instructions for Amounts Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence E Settlement Instructions for Interests Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence F Settlement Instructions for Interests Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence G Tax Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15G		New Sequence		Empty field		M
	37L		Tax Rate		12d		M
	33B		Transaction Currency and Net Inter­est Amount		3!a15d		M
	36		Exchange Rate		12d		O
	33E		Reporting Currency and Tax Amount		3!a15d		O

 

Optional Sequence H Additional Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15H		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	84a		Dealing Branch Party A		A, B, D, or J		O
	85a		Dealing Branch Party B		A, B, D, or J		O
	88a		Broker Identification		A, D, or J		O
	71F		Broker's Commission		3!a15d		O
	26H		Counterparty's Reference		16x		O
	21G		Broker's Reference		16x		O
	72		Sender to Receiver Information		6*35x		O

Optional Sequence I Additional Amounts

	Field Tag		Field Name		Format		Mandatory/Optional
	15I		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32H		Currency, Payment Amount		[N]3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M

14.3.5 MT 330 Call/Notice Loan/Deposit Confirmation

This message is exchanged to confirm a call/notice loan/deposit contract.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation
• an increase or decrease in the balance of the account, in an already agreed contract
• a change in the interest rate
• a change in the period of notice
• the closing of a contract, i.e. final redemption of the loan/deposit balance to zero and all interest paid

This message is sent by or on behalf of the institution or corporate, party A and party B, who have agreed to a call/notice loan/deposit contract.

Maximum Length: 10000

14.3.5.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22B		Type of Event		4!c		M
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	21N		Contract Number Party A		16x		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Instructing Party		A, D, or J		O
	77D		Terms and Conditions		6*35x		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	17R		Party A's Role		1!a		M
	30T		Trade Date		8!n		M
	30V		Value Date		8!n		M
	38A		Period of Notice		3n		M
	32B		Currency and Balance		3!a15d		O
	32H		Principal Amount to be Settled		[N]3!a15d		O
	30X		Interest Due Date		8!n		O
	34E		Currency and Interest Amount		[N]3!a15d		O
	37G		Interest Rate		[N]12d		M
	14D		Day Count Fraction		7x		M
	30F		Last Day of the Next Interest Period		8!n		O
	38J		Number of Days		1!a3!n		O

 

Mandatory Sequence C Settlement Instructions for Amounts Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Mandatory Sequence D Settlement Instructions for Amounts Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence E Settlement Instructions for Interests Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence F Settlement Instructions for Interests Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence G Tax Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15G		New Sequence		Empty field		M
	37L		Tax Rate		12d		M
	33B		Transaction Currency and Net Interest Amount		3!a15d		M
	36		Exchange Rate		12d		O
	33E		Reporting Currency and Tax Amount		3!a15d		O

 

Optional Sequence H Additional Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15H		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	84a		Dealing Branch Party A		A, B, D, or J		O
	85a		Dealing Branch Party B		A, B, D, or J		O
	26H		Counterparty's Reference		16x		O
	72		Sender to Receiver Information		6*35x		O

 

14.3.6 MT 340 Forward Rate Agreement Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

The confirmed transaction is covered by an ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte, FRABBA (British Bankers' Association) or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation.

A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message is used to confirm/notify the details of:

• a new contract between the parties
• an amendment to a previously agreed contract
• the cancellation of a confirmation

Maximum Length: 10000

14.3.6.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23D		Type of FRA		10a		M
	21N		Contract Number Party A		16x		O
	21B		Contract Number Party B		16x		O
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	77H		Type, Date, Version of the Agreement		6a[/8!n][//4!n]		M
	14C		Year of Definitions		4!n		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	30T		Trade Date		8!n		M
	32B		Currency, Notional Amount		3!a15d		M
	30F		Effective Date		8!n		M
	30P		Termination Date		8!n		M
	37M		Fixed Rate		[N]12d		M
	14F		Floating Rate Option		24x		M

 

Optional Subsequence B1 AFB and FRABBA Details

	Field Tag		Field Name		Format		Mandatory/Optional
	30V		Fixing Date		8!n		M
	38D		Contract Period		4n		M

 

Mandatory Subsequence B2 Other Details

	Field Tag		Field Name		Format		Mandatory/Optional
	38G		Designated Maturity		2n1!a/2n1!a		M
	14D		Floating Rate Day Count Fraction		7x		M
	17F		FRA Discounting		1!a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Mandatory Sequence C Settlement Instructions for Settlement Amount Payable by Par­ty B

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Mandatory Sequence D Settlement Instructions for Settlement Amount Payable by Par­ty A

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence E Additional Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	88a		Broker Identification		A or D		O
	71F		Broker's Commission		3!a15d		O
	21G		Broker's Reference		16x		O
	72		Sender to Receiver Information		6*35x		O

 

Optional Sequence F Additional Amounts

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32H		Currency, Payment Amount		[N]3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M

 

14.3.7 MT 341 Forward Rate Agreement Settlement Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).

It is used to confirm the settlement details of the forward rate agreement when the settlement rate has been fixed on the fixing date.

The message is also used for:

• an amendment to a previously agreed settlement message
• the cancellation of a settlement message

Maximum Length: 10000

14.3.7.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23D		Type of FRA		10a		M
	21N		Contract Number Party A		16x		O
	21B		Contract Number Party B		16x		O
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	29A		Contact Information		4*35x		O
	72		Sender to Receiver Infor­mation		6*35x		O

 

Mandatory Sequence B Transaction Details

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	30T		Trade Date		8!n		M
	32B		Currency, Notional Amount		3!a15d		M
	30F		Effective Date		8!n		M
	30P		Termination Date		8!n		M
	37M		Fixed Rate		[N]12d		M

 

Optional Subsequence B1 AFB and FRABBA Details

	Field Tag		Field Name		Format		Mandatory/Optional
	30V		Fixing Date		8!n		O
	38D		Contract Period		4n		O

 

Mandatory Sequence C Settlement Instructions for the Settlement Amount

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	37R		Settlement Rate		[N]12d		M
	34E		Settlement Currency and Amount		[N]3!a15d		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

14.3.8 MT 350 Advice of Loan/Deposit Interest Payment

It is used to inform that an interest amount has been paid to the account of the beneficiary with the receiving agent mentioned in the message.

The message may also be used to notify the details of:

• an amendment to a previously sent advice
• the cancellation of an advice

This message is sent by or on behalf of the institution or corporate, party A who has borrowed cash from the institution or corporate, party B.

Maximum Length: 10000

14.3.8.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	21N		Contract Number Party A		16x		O
	82a		Party A		A, D, or J		M
	87a		Party B		A, D, or J		M
	83a		Fund or Instructing Party		A, D, or J		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Mandatory Sequence B Interest Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	30G		Interest Period		8!n/8!n		M
	32B		Currency and Principal Amount		3!a15d		M
	30V		Value Date of Interest Payment		8!n		M
	34B		Currency and Interest Amount		3!a15d		M
	37J		Interest Rate		12d		M
	14D		Day Count Fraction		7x		M
	30F		Next Interest Payment Date		8!n		O

 

 

Mandatory Sequence C Settlement Instructions

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	53a		Delivery Agent		A, D, or J		O
	86a		Intermediary 2		A, D, or J		O
	56a		Intermediary		A, D, or J		O
	57a		Receiving Agent		A, D, or J		M
	58a		Beneficiary Institution		A, D, or J		O

 

Optional Sequence D Tax Information and Broker's Commission

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	34B		Transaction Currency and Interest Amount		3!a15d		M
	33B		Transaction Currency and Net Interest Amount		3!a15d		M
	36		Exchange Rate		12d		O

 

Optional Subsequence D1 Tax Details

	Field Tag		Field Name		Format		Mandatory/Optional
	37L		Tax Rate		12d		M
	33E		Reporting Currency and Tax Amount		3!a15d		M

 

Optional Subsequence D2 Broker's Commission Information

	Field Tag		Field Name		Format		Mandatory/Optional
	71F		Broker's Commission		3!a15d		M
	37L		Tax Rate on Broker's Commission		12d		O
	33E		Reporting Currency and Tax Amount on Broker's Commission		3!a15d		O

 

14.3.9 MT 360 Single Currency Interest Rate Derivative Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a single currency interest rate swap, a cap, a collar or a floor. The confirmed transaction is covered by a BBAIRS (British Bankers' Association Interest Rate Swap), ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte or AFB (Association Française de Banques) Master Agreement.

The message also covers deals which are not part of an ISDA, AFB, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The MT 360 may be used to:

• confirm the details of a new transaction between the parties
• correct a previously sent confirmation
• cancel a previously sent confirmation

Maximum Length: 10000

14.3.9.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23A		Identification of the Swap		10a/5a		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	30T		Trade Date		8!n		M
	30V		Effective Date		8!n		M
	30P		Termination Date		8!n		M
	14A		Business Day Convention		9a		O
	32B		Currency, Notional Amount		3!a15d		M
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	83a		Fund or Beneficiary Cus­tomer		A, D, or J		O
	17A		Collateral Agreement Indica­tor		1!a		O
	77H		Type, Date, Version of the Agreement		6a[/8!n][//4!n]		M
	77D		Additional Conditions		6*35x		O
	14C		Year of Definitions		4!n		M
	72		Sender to Receiver Informa­tion		6*35x		O

 

Optional Sequence B Fixed Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	37U		Fixed Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence B1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		O
	17F		Period End Date Adjustment Indi­cator		1!a		O
	14D		Day Count Fraction		7x		O
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence C Floating Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	14F		Floating Rate Option		24x		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence C1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	14J		Reset Date Specification		5a		M
	14G		Averaging Frequency and Method		1!a/8!a		O
	38E		Designated Maturity		2n1!a		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	17F		Period End Date Adjustment Indica­tor		1!a		M
	14D		Day Count Fraction		7x		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	37R		Spread		[N]12d		O

 

Optional Subsequence C2 Compounding Details

	Field Tag		Field Name		Format		Mandatory/Optional
	22D		Compounding Type		4!c		M
	18A		Number of Repetitions		5n		M
	30X		Compounding Date		8!n		M

 

Optional Subsequence C3 Interpolation for Stub Periods

	Field Tag		Field Name		Format		Mandatory/Optional
	38G		First Stub Period, Interpolation Period		2n1!a/2n1!a		O
	38H		Last Stub Period, Interpolation Period		2n1!a/2n1!a		O

 

Mandatory Sequence D Payment Instructions for Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence E Fixed Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	37U		Fixed Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence E1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		O
	17F		Period End Date Adjust­ment Indicator		1!a		O
	14D		Day Count Fraction		7x		O
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence F Floating Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	14F		Floating Rate Option		24x		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence F1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	14J		Reset Date Specification		5a		M
	14G		Averaging Frequency and Method		1!a/8!a		O
	38E		Designated Maturity		2n1!a		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	17F		Period End Date Adjustment Indi­cator		1!a		M
	14D		Day Count Fraction		7x		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	37R		Spread		[N]12d		O

 

Optional Subsequence F2 Compounding Details

	Field Tag		Field Name		Format		Mandatory/Optional
	22D		Compounding Type		4!c		M
	18A		Number of Repetitions		5n		M
	30X		Compounding Date		8!n		M

 

Optional Subsequence F3 Interpolation for Stub Periods

	Field Tag		Field Name		Format		Mandatory/Optional
	38G		First Stub Period, Interpolation Period		2n1!a/2n1!a		O
	38H		Last Stub Period, Interpolation Period		2n1!a/2n1!a		O

 

Mandatory Sequence G Payment Instructions for Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15G		New Sequence		Empty field		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence H Amortising Schedule

	Field Tag		Field Name		Format		Mandatory/Optional
	15H		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30G		Variable Notional Start and End Date		8!n/8!n		M
	32U		Outstanding Notional Currency and Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence L Additional Amounts Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15L		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22E		Type of Payment		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		O

 

Optional Sequence M Additional Amounts Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15M		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22E		Type of Payment		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		O

 

Optional Sequence N Optional General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15N		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	88a		Broker Identification		A or D		O
	71F		Broker's Commission		3!a15d		O
	21G		Broker's Reference		16x		O

14.3.10 MT 361 Cross Currency Interest Rate Swap Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a cross currency interest rate swap covered by a BBAIRS (British Bankers' Association Interest Rate Swap), Deutscher Rahmenvertrag für Finanztermingeschäfte or an ISDA (International Swaps and Derivatives Association) Master Agreement.

The message also covers deals which are not part of an ISDA, Deutscher Rahmenvertrag für Finanztermingeschäfte or BBAIRS Master. In this case, party A and party B must have another bilateral agreement in place, except under AFB (Association Française de Banques) Master (until the AFB does define the interbank confirmation for cross currency swaps, the MT 361 cannot be used to confirm such transactions).

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.

If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.

The message may be used to:

• confirm the details of a new transaction between the parties
• correct a previously sent confirmation
• cancel a previously sent confirmation

Maximum Length: 10000

14.3.10.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23A		Identification of the Swap		10a/5a		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	30T		Trade Date		8!n		M
	30V		Effective Date		8!n		M
	30P		Termination Date		8!n		M
	14A		Business Day Convention		9a		O
	32B		Party B Currency and Notional Amount		3!a15d		M
	33B		Party A Currency and Notional Amount		3!a15d		M
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	83a		Fund or Beneficiary Customer		A, D, or J		O
	17A		Collateral Agreement Indicator		1!a		O
	77H		Type, Date, Version of the Agreement		6a[/8!n][//4!n]		M
	77D		Additional Conditions		6*35x		O
	14C		Year of Definitions		4!n		M
	72		Sender to Receiver Information		6*35x		O

 

Optional Sequence B Fixed Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	37U		Fixed Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence B1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		O
	17F		Period End Date Adjustment Indicator		1!a		O
	14D		Day Count Fraction		7x		O
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence C Floating Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	14F		Floating Rate Option		24x		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence C1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	14J		Reset Date Specification		5a		M
	14G		Averaging Frequency and Method		1!a/8!a		O
	38E		Designated Maturity		2n1!a		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	17F		Period End Date Adjustment Indicator		1!a		M
	14D		Day Count Fraction		7x		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	37R		Spread		[N]12d		O

 

Optional Subsequence C2 Compounding Details

	Field Tag		Field Name		Format		Mandatory/Optional
	22D		Compounding Type		4!c		M
	18A		Number of Repetitions		5n		M
	30X		Compounding Date		8!n		M

 

Optional Subsequence C3 Interpolation for Stub Periods

	Field Tag		Field Name		Format		Mandatory/Optional
	38G		First Stub Period, Interpolation Period		2n1!a/2n1!a		O
	38H		Last Stub Period, Interpolation Period		2n1!a/2n1!a		O

 

Mandatory Sequence D Payment Instructions for Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermedi­ary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence E Fixed Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	37U		Fixed Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence E1 Interest Details

	Field Tag		Field Name		Format		Mandatory/Optional
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		O
	17F		Period End Date Adjustment Indicator		1!a		O
	14D		Day Count Fraction		7x		O
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence F Floating Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15F		New Sequence		Empty field		M
	14F		Floating Rate Option		24x		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Subsequence F1 Interest Details

 

	Field Tag		Field Name		Format		Mandatory/Optional
	14J		Reset Date Specification		5a		M
	14G		Averaging Frequency and Method		1!a/8!a		O
	38E		Designated Maturity		2n1!a		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	17F		Period End Date Adjustment Indicator		1!a		M
	14D		Day Count Fraction		7x		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	37R		Spread		[N]12d		O

 

Optional Subsequence F2 Compounding Details

	Field Tag		Field Name		Format		Mandatory/Optional
	22D		Compounding Type		4!c		M
	18A		Number of Repeti­tions		5n		M
	30X		Compounding Date		8!n		M

 

Optional Subsequence F3 Interpolation for Stub Periods

	Field Tag		Field Name		Format		Mandatory/Optional
	38G		First Stub Period, Interpolation Period		2n1!a/2n1!a		O
	38H		Last Stub Period, Interpolation Period		2n1!a/2n1!a		O

Mandatory Sequence G Payment Instructions for Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15G		New Sequence		Empty field		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermedi­ary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence H Amortizing Schedule for Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15H		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30G		Variable Notional Start and End Date		8!n/8!n		M
	32U		Outstanding Notional Currency and Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence I Amortizing Schedule for Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15I		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30G		Variable Notional Start and End Date		8!n/8!n		M
	32U		Outstanding Notional Currency and Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

Optional Sequence J Exchanges of Principal Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15J		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22X		Type of Exchange		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence K Exchanges of Principal Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15K		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22X		Type of Exchange		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M

 

Optional Sequence L Additional Amounts Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15L		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22E		Type of Payment		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		O

 

Optional Sequence M Additional Amounts Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15M		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	22E		Type of Payment		4!c		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	14A		Business Day Convention		9a		M
	18A		Number of Repetitions		5n		M
	22B		Financial Centre		4!c		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		O

 

Optional Sequence N Optional General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15N		New Sequence		Empty field		M
	29A		Contact Information		4*35x		O
	24D		Dealing Method		4!c[/35x]		O
	88a		Broker Identification		A or D		O
	71F		Broker's Commis­sion		3!a15d		O
	21G		Broker's Reference		16x		O

14.3.11 MT 362 Interest Rate Reset/Advice of Payment

This message is exchanged by or on behalf of the financial institutions, Party A and Party B, who have agreed to a single or cross currency interest rate derivative transaction, including caps, collars and floors.

This message may be used to:

• advise the details of the determination of the floating interest rate(s)
• advise the details of the payment of interest at the end of an interest period
• cancel a previously sent reset/advice
• correct errors in a previously sent reset/advice

Maximum Length: 2000

14.3.11.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23A		Identification of the Swap		10a/5a		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	30V		Effective Date		8!n		M
	30P		Termination Date		8!n		M
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	83a		Fund or Beneficiary Customer		A, D, or J		O
	29A		Contact Information		4*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Optional Sequence B Interest Rate/Principal Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	33F		Calculation Notional Currency and Amount		3!a15d		M
	30X		Period Start Date		8!n		M
	30Q		Period End Date		8!n		O
	37G		Reset Rate		[N]12d		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37R		Spread		[N]12d		M
	37M		Total Rate		[N]12d		M
	30F		Payment Date		8!n		M
	32H		Currency, Interest Amount		[N]3!a15d		O
	33E		Currency, Principal Exchange Amount		3!a15d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Sequence C (Net) Amount(s) Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15C		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence D Interest Rate/Principal Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15D		New Sequence		Empty field		M
	33F		Calculation Notional Currency and Amount		3!a15d		M
	30X		Period Start Date		8!n		M
	30Q		Period End Date		8!n		O
	37G		Reset Rate		[N]12d		M
	37J		Cap Rate		12d		O
	37L		Floor Rate		12d		O
	37R		Spread		[N]12d		M
	37M		Total Rate		[N]12d		M
	30F		Payment Date		8!n		M
	32H		Currency, Interest Amount		[N]3!a15d		O
	33E		Currency, Principal Exchange Amount		3!a15d		O
	37N		Details of Interest Rate		6*35x		O

 

Optional Sequence E (Net) Amount(s) Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	18A		Number of Repetitions		5n		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

14.3.12 MT 364 Single Currency Interest Rate Derivative Termination/ Recou­poning Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a single currency interest rate swap, a cap, a collar or a floor. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or AFB or another bilateral agreement.

This message may be used to:

• confirm the details of the partial or full termination of an existing transaction between the parties
• confirm the details of the recouponing of an existing transaction
• correct a previously sent termination/recouponing
• cancel a previously sent termination/recouponing

Maximum Length: 10000

14.3.12.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22B		Type of Event		4!c		M
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23A		Identification of the Swap		10a/5a		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	30T		Termination/Recouponing Trade Date		8!n		M
	30Q		Termination/Recouponing Effective Date		8!n		M
	30P		Original Termination Date		8!n		M
	30V		Original Effective Date		8!n		M
	32B		Current Currency, Notional Amount		3!a15d		M
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	83a		Fund or Beneficiary Customer		A, D, or J		O
	22D		Accrual of Interest Specifica­tion		4!c		O
	32G		New Currency, Notional Amount		3!a15d		O
	37N		Details of Interest Rate		6*35x		O
	29A		Contact Information		4*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Optional Sequence B Fixed Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	37U		Current Fixed Rate		12d		M
	37P		New Fixed Rate		12d		O

 

Optional Sequence E Fixed Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	37U		Current Fixed Rate		12d		M
	37P		New Fixed Rate		12d		O

 

Optional Sequence L Fee Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15L		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence M Fee Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15M		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

14.3.13 MT 365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a cross currency interest rate swap. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or another bilateral agreement.

The message may be used to:

• confirm the details of the partial or full termination of an existing transaction between the parties
• confirm the details of the recouponing of an existing transaction
• correct a previously sent termination/recouponing
• Cancel a previously sent termination/recouponing

Maximum Length: 10000

14.3.13.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	15A		New Sequence		Empty field		M
	20		Sender's Reference		16x		M
	21		Related Reference		16x		O
	22A		Type of Operation		4!c		M
	94A		Scope of Operation		4!c		O
	22B		Type of Event		4!c		M
	22C		Common Reference		4!a2!c4!n4!a2!c		M
	23A		Identification of the Swap		10a/5a		M
	21N		Contract Number Party A		16x		M
	21B		Contract Number Party B		16x		O
	30T		Termination/Recouponing Trade Date		8!n		M
	30Q		Termination/Recouponing Effective Date		8!n		M
	30P		Original Termination Date		8!n		M
	30V		Original Effective Date		8!n		M
	32B		Party B Current Currency, Notional Amount		3!a15d		M
	33B		Party A Current Currency, Notional Amount		3!a15d		M
	82a		Party A		A or D		M
	87a		Party B		A or D		M
	83a		Fund or Beneficiary Customer		A, D, or J		O
	22D		Accrual of Interest Specification		4!c		O
	32G		Party B New Currency, Notional Amount		3!a15d		O
	33E		Party A New Currency, Notional Amount		3!a15d		O
	37N		Details of Interest Rate		6*35x		O
	29A		Contact Information		4*35x		O
	72		Sender to Receiver Information		6*35x		O

 

Optional Sequence B Fixed Interest Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15B		New Sequence		Empty field		M
	37U		Current Fixed Rate		12d		M
	37P		New Fixed Rate		12d		O

 

Optional Sequence E Fixed Interest Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15E		New Sequence		Empty field		M
	37U		Current Fixed Rate		12d		M
	37P		New Fixed Rate		12d		O

 

Optional Sequence J Re-exchange of Principal Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15J		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence K Re-exchange of Principal Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15K		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence L Fee Payable by Party B

	Field Tag		Field Name		Format		Mandatory/Optional
	15L		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

 

Optional Sequence M Fee Payable by Party A

	Field Tag		Field Name		Format		Mandatory/Optional
	15M		New Sequence		Empty field		M
	30F		Payment Date		8!n		M
	32M		Currency, Payment Amount		3!a15d		M
	53a		Delivery Agent		A or D		O
	56a		Intermediary		A or D		O
	86a		Second Intermediary		A or D		O
	57a		Receiving Agent		A or D		M

14.4 Collections and Cash Letters

This section contains the following topics:

• Section 14.4.1, "MT 400 Advice of Payment"
• Section 14.4.2, "MT 410 Acknowledgement"
• Section 14.4.3, "MT 412 Advice of Acceptance"
• Section 14.4.4, "MT 416 Advice of Non-Payment/Non-Acceptance"
• Section 14.4.5, "MT 420 Tracer"
• Section 14.4.6, "MT 422 Advice of Fate and Request for Instructions"
• Section 14.4.7, "MT 430 Amendment of Instructions"

14.4.1 MT 400 Advice of Payment

This message type is typically sent by the collecting bank to the remitting bank. It may also be sent:

• on behalf of the collecting bank by its branch/affiliate bank to the remitting bank or branch/affiliate of that bank
• by a collecting bank to another collecting bank

It is used to advise a payment under a collection or a part thereof and may also be used for the settlement of proceeds. The account relationship between the Sender and the Receiver is used, unless expressly stated otherwise in the message.

This message must never be sent to a bank acting solely as a reimbursement bank. In this case, the appropriate message type is an MT 202 Financial Institution Transfer.

Maximum Length: 2000

14.4.1.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32a		Amount Collected		A, B, or K		M
	33A		Proceeds Remitted		6!n3!a15d		M
	52a		Ordering Bank		A or D		O
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	57a		Account With Bank		A or D		O
	58a		Beneficiary Bank		A, B, or D		O
	71B		Details of Charges		6*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O
	73		Details of Amounts Added		6*35x		O

14.4.2 MT 410 Acknowledgement

This message type is sent by a collecting bank to a remitting bank to acknowledge the receipt of a collection. It may also be sent by a collecting bank to another collecting bank.

Unless otherwise expressly stated, this message type states that the collecting bank intends to act in accordance with the collection instruction.

Maximum Length: 2000

14.4.2.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32a		Amount Acknowledged		A, B, or K		M
	72		Sender to Receiver Informa­tion		6*35x		O

14.4.3 MT 412 Advice of Acceptance

This message type is sent by the collecting bank to the remitting bank. It may also be sent by a collecting bank to another collecting bank.

It is used to inform the Receiver of the acceptance of one or more drafts under one collection instruction.

Maximum Length: 2000

14.4.3.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32A		Maturity Date, Currency Code, Amount Accepted		6!n3!a15d		M
	72		Sender to Receiver Information		6*35x		O

14.4.4 MT 416 Advice of Non-Payment/Non-Acceptance

This message type is sent by the collecting bank to the remitting bank.

It may also be sent:

• to the remitting bank via another financial institution
• by a presenting bank to a collecting bank

It is used to advise of non-payment or non-acceptance under a previously received collection or part thereof.

Maximum Length: 10000

14.4.4.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Related Reference		16x		M
	23E		Advice Type		4!c[/30x]		O
	51A		Sending Institution		[/1!a][/34x] 4!a2!a2!c[3!c]		O
	53a		Sender's Correspondent		A or B		O
	71F		Sender's Charges		3!a15d		O
	77A		Reason for Non-Payment/Non-Acceptance		20*35x		O

 

Mandatory Repetitive Sequence B Non-Payment/Non-Acceptance Details

	Field Tag		Field Name		Format		Mandatory/Optional
	21A		Related Sequence Reference		16x		M
	23E		Advice Type		4!c[/30x]		O
	21C		Principal's Reference		35x		O
	32a		Face Amount of Document(s)		A, B, or K		M
	50D		Principal		[/1!a][/34x] 4*35x		O
	59		Drawee		[/34x] 4*35x		O
	71F		Sender's Charges		3!a15d		O
	77A		Reason for Non-Payment/ Non-Acceptance		20*35x		O

14.4.5 MT 420 Tracer

This message type is sent by the remitting bank to the collecting bank. It may also be sent by a collecting bank to another collecting bank.

It is used to enquire about the fate of documents sent for collection.

Maximum Length: 2000

14.4.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32a		Amount Traced		A, B, or K		M
	30		Date of Collection Instruction		6!n		O
	59		Drawee		[/34x] 4*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O

14.4.6 MT 422 Advice of Fate and Request for Instructions

This message type is sent by the collecting bank to the remitting bank.

It may also be sent by a collecting bank to another collecting bank.

It is used to advise the Receiver of the status of collection documents received by the collecting bank. Since an advice of fate generally includes one or more questions or requests, the two functions are included in this one message type.

Maximum Length: 2000

14.4.6.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32a		Amount of Collection		A, B, or K		O
	72		Sender to Receiver Informa­tion		6*35x		O
	75		Queries		6*35x		O
	76		Answers		6*35x		O

14.4.7 MT 430 Amendment of Instructions

This message type is sent by the remitting bank to the collecting bank. It may also be sent by a collecting bank to another collecting bank.

This message is used to amend instructions contained in the collection.

Maximum Length: 2000

14.4.7.1 Format Specifications

Mandatory Repetitive Sequence A

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sending Bank's TRN		16x		M
	21		Related Reference		16x		M
	32a		Existing Maturity Date, Currency Code, Amount		A or K		O
	33a		Amended Maturity Date, Currency Code, Amount		A or K		O

 

Optional Sequence B

	Field Tag		Field Name		Format		Mandatory/Optional
	59		Drawee		[/34x] 4*35x		O
	72		Sender to Receiver Informa­tion		6*35x		O
	74		Amendments		6*35x		O

14.5 Securities Markets

This section contains the following topics:

• Section 14.5.1, "MT 517 Trade Confirmation Affirmation"
• Section 14.5.2, "MT 518 Market-Side Securities Trade Confirmation"
• Section 14.5.3, "MT 540 Receive Free"
• Section 14.5.4, "MT 541 Receive Against Payment "
• Section 14.5.5, "MT 542 Deliver Free"
• Section 14.5.6, "MT 543 Deliver Against Payment"
• Section 14.5.7, "MT 592 Request for Cancellation"
• Section 14.5.8, "MT 598 Proprietary Message"

14.5.1 MT 517 Trade Confirmation Affirmation

This message is sent by an instructing party, e.g. client, or its authorized representative, to a financial institution which had previously sent a trade confirmation/contract note.

This message is used to positively affirm the details of a previously received confirmation/contract note. This message binds the Sender and the Receiver of the message to the trade details contained in the confirmation being affirmed.

This message may be sent directly between the parties to the trade or via an ETC service provider.

Maximum Length: 10000

14.5.1.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A, C, or E		O
	95a		Party		(see qualifier description)		P, Q, or R		M
	25D		Status Code		Affirmation Status		:4!c/[8c]/4!c		O

 

Mandatory Repetitive Subsequence A1 Linkages

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	13a		Number Identifi­cation		Linked Message		A or B		O
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		M
	16S				End of Block		LINK		M

 

End of Subsequence A1 Linkages

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16S				End of Block		GENL		M

 

14.5.2 MT 518 Market-Side Securities Trade Confirmation

This message is sent by an executing party to its trade counterparty. It is used to confirm the details of a trade.

It may also be used to:

• request the cancellation of a previously sent confirmation
• re-send a confirmation previously sent
• provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent

This message may include, where necessary, the settlement details of the trade.

The market confirmation may be:

• exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade details
• sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider

Maximum Length: 10000

14.5.2.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A, C, or E		O
	22F		Indicator		Trade Transaction Type		:4!c/[8c]/4!c		M

 

Optional Repetitive Subsequence A1 Linkages

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	13a		Number Identifi­cation		Linked Message		A or B		O
	20C		Reference		(see qualifier description)		:4!c//16x		M
	16S				End of Block		LINK		M
	16S				End of Block		GENL		M

 

Mandatory Sequence B Confirmation Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		CONFDET		M
	98a		Date/Time		(see qualifier descrip­tion)		A, B, C, or E		M
	90a		Price		Deal Price		A or B		M
	92A		Rate		(see qualifier descrip­tion)		:4!c//[N]15d		O
	99A		Number Count		(see qualifier descrip­tion)		:4!c//[N]3!n		O
	94a		Place		(see qualifier descrip­tion)		B, C, or F		O
	19A		Amount		Settlement Amount		:4!c//[N]3!a15d		O
	22a		Indicator		(see qualifier descrip­tion)		F or H		M
	11A		Currency		(see qualifier descrip­tion)		:4!c//3!a		O

 

Mandatory Repetitive Subsequence B1 Confirmation Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		CONFPRTY		M
	95a		Party		(see qualifier descrip­tion)		P, Q, R, or S		M
	97a		Account		(see qualifier descrip­tion)		A or B		O
	98a		Date/Time		Processing Date/Time		A or C		O
	20C		Reference		Processing Reference		:4!c//16x		O
	70a		Narrative		(see qualifier descrip­tion)		C or E		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	s16S				End of Block		CONFPRTY		M

 

End of Subsequence B1 Confirmation Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument Confirmed		:4!c//4!c/15d		M
	35B				Identification of the Financial Instrument		[ISIN1!e12!c] [4*35x]		M

 

Optional Subsequence B2 Financial Instrument Attributes

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		FIA		M
	94B		Place		Place of Listing		:4!c/[8c]/4!c[/30x]		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	12a		Type of Finan­cial Instrument		(see qualifier descrip­tion)		A, B, or C		O
	11A		Currency		Currency of Denomi­nation		:4!c//3!a		O
	98A		Date/Time		(see qualifier descrip­tion)		:4!c//8!n		O
	92A		Rate		(see qualifier descrip­tion)		:4!c//[N]15d		O
	13a		Number Identifi­cation		(see qualifier descrip­tion)		A or B		O
	17B		Flag		(see qualifier descrip­tion)		:4!c//1!a		O
	90a		Price		(see qualifier descrip­tion)		A or B		O
	36B		Quantity of Financial Instru­ment		(see qualifier descrip­tion)		:4!c//4!c/15d		O
	35B				Identification of the Financial Instrument		[ISIN1!e12!c] [4*35x]		O
	70E		Narrative		Financial Instrument Attribute Narrative		:4!c//10*35x		O
	16S				End of Block		FIA		M

 

End of Subsequence B2 Financial Instrument Attributes

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	13B		Number Identifica­tion		Certificate Number		:4!c/[8c]/30x		O
	70E		Narrative		(see qualifier descrip­tion)		:4!c//10*35x		O
	16S				End of Block		CONFDET		M

 

Optional Sequence C Settlement Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETDET		M
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		M
	11A		Currency		(see qualifier descrip­tion)		:4!c//3!a		O

 

Optional Repetitive Subsequence C1 Settlement Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, Q, R, or S		M
	97a		Account		Safekeeping Account		A or B		O
	98a		Date/Time		Processing Date/Time		A or C		O
	20C		Reference		Processing Reference		:4!c//16x		O
	70a		Narrative		(see qualifier descrip­tion)		C or D		O
	16S				End of Block		SETPRTY		M

 

Optional Repetitive Subsequence C2 Cash Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		CSHPRTY		M
	95a		Party		(see qualifier descrip­tion)		P, Q, R, or S		M
	97A		Account		(see qualifier descrip­tion)		:4!c//35x		O
	98a		Date/Time		Processing Date/Time		A or C		O
	20C		Reference		Processing Reference		:4!c//16x		O
	70C		Narrative		Party Narrative		:4!c//4*35x		O
	16S				End of Block		CSHPRTY		M

 

Optional Repetitive Subsequence C3 Amounts

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		AMT		M
	17B		Flag		(see qualifier descrip­tion)		:4!c//1!a		O
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		M
	98a		Date/Time		Value Date/Time		A or C		O
	92B		Rate		Exchange Rate		:4!c//3!a/3!a/15d		O
	16S				End of Block		AMT		M

 

End of Subsequence C3 Amounts

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16S				End of Block		SETDET		M

 

Optional Repetitive Sequence D Other Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		OTHRPRTY		M
	95a		Party		(see qualifier descrip­tion)		P, Q, R, or S		M
	97a		Account		(see qualifier descrip­tion)		A or B		O
	70C		Narrative		Party Narrative		:4!c//4*35x		O
	20C		Reference		Processing Reference		:4!c//16x		O
	16S				End of Block		OTHRPRTY		M

 

Optional Sequence E Two Leg Transaction Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		REPO		M
	98a		Date/Time		(see qualifier description)		A, B, or C		O
	22F		Indicator		(see qualifier description)		:4!c/[8c]/4!c		O
	20C		Reference		(see qualifier description)		:4!c//16x		O
	92a		Rate		(see qualifier description)		A, C, or F		O
	99B		Number Count		(see qualifier description)		:4!c//3!n		O
	19A		Amount		(see qualifier description)		:4!c//[N]3!a15d		O
	70C		Narrative		Second Leg Narra­tive		:4!c//4*35x		O
	16S				End of Block		REPO		M

14.5.3 MT 540 Receive Free

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a receipt of financial instruments free of payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

14.5.3.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A,C or E		O

 

Optional Repetitive Subsequence A1

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	20C		Reference		(see qualifier description)		:4!c//16x		M
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument to be Paired-off		:4!c//4!c/15d		O
	16S				End of Block		LINK		M
	16S				End of Block		GENL		M

 

Mandatory Sequence B Trade Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		TRADDET		M
	94B		Place		Place of Trade		:4!c/[8c]/4!c[/30x]		O
	98a		Date/Time		(see qualifier description)		A, B, C, or E		M
	90a		Deal		Deal Price		A or B		O
	99A		Number Count		Number of Days Accrued		:4!c//[N]3!n		O
	35B				Identification of the Finan­cial Instrument		[ISIN1!e12!c]		M
	70E		Narrative		(see qualifier description)		:4!c//10*35x		O
	16S				End of Block		TRADDET		M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		FIAC		M
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument to be settled		:4!c//4!c/15d		M
	95a		Party		Account Owner		P or R		O
	97a		Account		(see qualifier description)		A or B		M
	16S				End of Block		FIAC		M

 

Optional Sequence D Two Leg Transaction Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		REPO		M
	98a		Date/Time		(see qualifier descrip­tion)		A, B, or C		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		O
	92a		Rate		(see qualifier descrip­tion)		A, C, or F		O
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		O
	70C		Narrative		Second Leg Narrative		:4!c//4*35x		O
	16S				End of Block		REPO		M

 

Mandatory Sequence E Settlement Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETDET		M
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, Q, R, or S		M
	97a		Account		Safekeeping Account		A or B		O
	16S				End of Block		SETPRTY		M

 

Optional Repetitive Subsequence E3 Amount

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		AMT		M
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		M
	16S				End of Block		AMT		M
	16S				End of Block		SETDET		M

 

14.5.4 MT 541 Receive Against Payment

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a receipt of financial instruments against payment. It may also be used to request a cancellation or pre-advise an instruction

Maximum Length: 10000

14.5.4.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A,C or E		O

 

Optional Repetitive Subsequence A1

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	20C		Reference		(see qualifier description)		:4!c//16x		M
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument to be Paired-off		:4!c//4!c/15d		O
	16S				End of Block		LINK		M
	16S				End of Block		GENL		M

 

Mandatory Sequence B Trade Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		TRADDET		M
	94B		Place		Place of Trade		:4!c/[8c]/4!c[/30x]		O
	98a		Date/Time		(see qualifier description)		A, B, C, or E		M
	90a		Deal		Deal Price		A or B		O
	99A		Number Count		Number of Days Accrued		:4!c//[N]3!n		O
	35B				Identification of the Finan­cial Instrument		[ISIN1!e12!c]		M
	70E		Narrative		(see qualifier description)		:4!c//10*35x		O
	16S				End of Block		TRADDET		M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		FIAC		M
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument to be settled		:4!c//4!c/15d		M
	95a		Party		Account Owner		P or R		O
	97a		Account		(see qualifier description)		A or B		M
	16S				End of Block		FIAC		M

 

Optional Sequence D Two Leg Transaction Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		REPO		M
	98a		Date/Time		(see qualifier descrip­tion)		A, B, or C		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		O
	92a		Rate		(see qualifier descrip­tion)		A, C, or F		O
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		O
	70C		Narrative		Second Leg Narrative		:4!c//4*35x		O
	16S				End of Block		REPO		M

 

Mandatory Sequence E Settlement Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETDET		M
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, Q, R, or S		M
	97a		Account		Safekeeping Account		A or B		O
	16S				End of Block		SETPRTY		M

 

Optional Repetitive Subsequence E3 Amount

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		AMT		M
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		M
	16S				End of Block		AMT		M
	16S				End of Block		SETDET		M

 

Repetitive Optional Sequence F Other Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		OTHRPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, R, Q or S		M
	97A		Account		(see qualifier descrip­tion)		:4c//35x		O
	70a		Narrative		(see qualifier descrip­tion)		E,D or C		O
	20C		Reference		Reference		:4c//16x		O
	16S				End of Block		OTHRPRTY		M

14.5.5 MT 542 Deliver Free

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a delivery of financial instruments free of payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

14.5.5.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A, C or E		O
	99B		Number Count		(see qualifier description)		:4!c//3!n		O

 

Optional Repetitive Subsequence A1

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		M
	16S				End of Block		LINK		M
	16S				End of Block		GENL		M

 

Mandatory Sequence B Trade Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		TRADDET		M
	94B		Place		Place of Trade		:4!c/[8c]/4!c[/30x]		O
	98a		Date/Time		(see qualifier description)		A, B, C, or E		M
	90a		Price		Deal Price		A or B		O
	35B				Identification of the Finan­cial Instrument		[ISIN1!e12!c]		M
	16S				End of Block		TRADDET		M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		FIAC		M
	36B		Quantity of Finan­cial Instrument		Quantity of Financial Instrument to be Settled		:4!c//4!c/15d		M
	95a		Party		Account Owner		P or R		O
	97a		Account		(see qualifier description)		A or B		M
	94a		Place		Place of Safekeeping		B, C, or F		O
	16S				End of Block		FIAC		M

 

Optional Sequence D Two Leg Transaction Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		REPO		M
	98a		Date/Time		Closing Date/Time		A, B, or C		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		O
	92a		Rate		(see qualifier descrip­tion)		A, C, or F		O
	99B		Number Count		(see qualifier descrip­tion)		:4!c//3!n		O
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		O
	70C		Narrative		Second Leg Narrative		:4!c//4*35x		O
	16S				End of Block		REPO		M

 

Mandatory Sequence E Settlement Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETDET		M
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		M

 

Mandatory Repetitive Subsequence E1 Settlement Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, Q, R, or S		M
	16S				End of Block		SETPRTY		M

 

Repetitive Optional Subsequence E2 Cash Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		CSHPRTY		M
	95a		Party		(see qualifier descrip­tion)		P, R, Q or S		M
	97A		Account		(see qualifier descrip­tion)		:4c//35x		O
	70a		Narrative		(see qualifier descrip­tion)		E,D or C		O
	16S				End of Block		CSHPRTY		M

 

Optional Repetitive Subsequence E3 Amount

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		AMT		M
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		M
	16S				End of Block		AMT		M
	16S				End of Block		SETDET		M

 

Repetitive Optional Sequence F Other Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		OTHRPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, R, Q or S		M
	97A		Account		(see qualifier descrip­tion)		:4c//35x		O
	70a		Narrative		(see qualifier descrip­tion)		E,D or C		O
	20C		Refer­ence		Reference		:4c//16x		O
	16S				End of Block		OTHRPRTY		M

 

14.5.6 MT 543 Deliver Against Payment

This message is sent by an account owner to an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian.

This message is used to instruct a delivery of financial instruments against payment. It may also be used to request a cancellation or pre-advise an instruction.

Maximum Length: 10000

14.5.6.1 Format Specifications

Mandatory Sequence A General Information

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		GENL		M
	20C		Reference		Sender's Message Refer­ence		:4!c//16x		M
	23G				Function of the Message		4!c[/4!c]		M
	98a		Date/Time		Preparation Date/Time		A, C or E		O
	99B		Number Count		(see qualifier description)		:4!c//3!n		O

 

Optional Repetitive Subsequence A1

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		LINK		M
	16S				End of Block		LINK		M
	16S				End of Block		GENL		M

 

Mandatory Sequence B Trade Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		TRADDET		M
	94B		Place		Place of Trade		:4!c/[8c]/4!c[/30x]		O
	98a		Date/Time		(see qualifier description)		A, B, C, or E		M
	90a		Price		Deal Price		A or B		O
	35B				Identification of the Finan­cial Instrument		[ISIN1!e12!c]		M
	16S				End of Block		TRADDET		M

 

Mandatory Repetitive Sequence C Financial Instrument/Account

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		FIAC		M
	36B		Quantity of Financial Instrument		Quantity of Finan­cial Instrument to be Settled		:4!c//4!c/15d		M
	95a		Party		Account Owner		P or R		O
	97a		Account		(see qualifier description)		A or B		M
	16S				End of Block		FIAC		M

 

Optional Sequence D Two Leg Transaction Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		REPO		M
	98a		Date/Time		(see qualifier descrip­tion)		A, B, or C		O
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		O
	20C		Reference		(see qualifier descrip­tion)		:4!c//16x		O
	92a		Rate		(see qualifier descrip­tion)		A, C, or F		O
	99B		Number Count		(see qualifier descrip­tion)		:4!c//3!n		O
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		O
	70C		Narrative		Second Leg Narrative		:4!c//4*35x		O
	16S				End of Block		REPO		M

 

Mandatory Sequence E Settlement Details

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		SETDET		M
	22F		Indicator		(see qualifier descrip­tion)		:4!c/[8c]/4!c		M
	95a		Party		(see qualifier descrip­tion)		C, P, Q, R, or S		M

 

Repetitive Optional Subsequence E2 Cash Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		CSHPRTY		M
	95a		Party		(see qualifier descrip­tion)		P, R, Q or S		M
	97A		Account		(see qualifier descrip­tion)		:4c//35x		O
	70a		Narrative		(see qualifier descrip­tion)		E,D or C		O
	16S				End of Block		CSHPRTY		M

 

Mandatory Repetitive Subsequence E3 Amount

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		AMT		M
	19A		Amount		(see qualifier descrip­tion)		:4!c//[N]3!a15d		M
	16S				End of Block		AMT		M
	16S				End of Block		SETDET		M

 

Repetitive Optional Sequence F Other Parties

	Field Tag		Field Name		Field Description		Format		Mandatory/Optional
	16R				Start of Block		OTHRPRTY		M
	95a		Party		(see qualifier descrip­tion)		C, P, R, Q or S		M
	97A		Account		(see qualifier descrip­tion)		:4c//35x		O
	70a		Narrative		(see qualifier descrip­tion)		E,D or C		O
	20C		Reference		Reference		:4c//16x		O
	16S				End of Block		OTHRPRTY		M

14.5.7 MT 592 Request for Cancellation

This message type is sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request.

If the Receiver of the request for cancellation has already acted on the message for which cancellation is requested, the MT n92 asks for a retransfer, ie, reversal, with the beneficiary's consent.

Maximum Length: 2000

14.5.7.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	11S		MT and Date of the Original Message		3!n 6!n [4!n6!n]		M
	79		Narrative Description of the Original Message		35*50x		O
			Copy of at least the Mandatory Fields of the Original Message		Copy of fields		O

14.5.8 MT 598 Proprietary Message

This message type is used by financial institutions, with their own offices, and/or with other financial institutions with which they have established bilateral agreements.

It is used as an envelope for a specified message included in it.

It allows for the definition of a unique format for which another message type is not available or applicable.

It also allows financial institutions to use message types which are awaiting live implementation on the SWIFT system.

Maximum Length: 10000

14.5.8.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	12		Sub-Message Type		3!n		M
	77E		Proprietary Message		120*78x		M

14.6 Treasury Markets - Metals

This section contains the following topics:

• Section 14.6.1, "MT 643 Notice of Drawdown/Renewal"
• Section 14.6.2, "MT 644 Advice of Rate and Amount Fixing"
• Section 14.6.3, "MT 645 Notice of Fee Due"
• Section 14.6.4, "MT 646 Payment of Principal and/or of Interest"
• Section 14.6.5, "MT 649 General Syndicated Facility Message"

14.6.1 MT 643 Notice of Drawdown/Renewal

This message type is sent by the agent of the facility to the providers of funds.

It gives notice of the borrower(s) request for drawdown(s)/renewal(s) on a given date. This request may require the provision of new funds or the re-borrowing of previously disbursed funds.

The MT 643 allows for the handling of drawdown(s)/renewal(s) with differing characteristics. It specifies the currency (ies), amount(s), period(s) and interest rate origin(s).

Maximum Length: 2000

14.6.1.1 Format Specifications

Mandatory Sequence A Identification of the Facility

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	23		Further Identification		16x		M
	27		Sequence of Total		1!n/1!n		O
	29A		From		4*35x		O
	29B		To the Attention of		4*35x		O
	88D		Borrower(s)		[/1!a][/34x] 4*35x		M
	32A		Original Facility Amount		6!n3!a15d		M

 

Optional Repetitive Sequence B Existing Drawings

	Field Tag		Field Name		Format		Mandatory/Optional
	26P		Drawing Identification		3!a/4x		M
	31F		Drawdown Period		6!n[/6!n][//35x]		O
	32P		Repayment of Principal		6!n3!a15d		O
	33a		Interest Amount		P or R		M
	71C		Details of Adjustments		6*35x		O
	34a		Net Interest Amount		P or R		O
	57a		Account With Institution		A, B, or D		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Mandatory Repetitive Sequence C New Drawing(s)

	Field Tag		Field Name		Format		Mandatory/Optional
	26N		Drawing Identification (New)		3!a/4x		M
	32E		Selected Currency		3!a		O
	31F		Drawdown Period		6!n[/6!n][//35x]		M
	31R		Rate Fixing Date		6!n[/6!n]		O
	32B		Amount of Drawdown		3!a15d		M
	33B		Receiver's Participation		3!a15d		M
	57a		Account With Institution		A, B, or D		O
	72		Sender to Receiver Informa­tion		6*35x		O

14.6.2 MT 644 Advice of Rate and Amount Fixing

This message type is sent by the agent of the facility to the providers of funds.

It specifies the interest rate applicable for a drawdown/renewal for a specified interest period, whether the end date of that period is set or not. When applicable, this message type will also set the exchange rate.

Maximum Length: 2000

14.6.2.1 Format Specifications

Mandatory Sequence A Identification of the Facility

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	27		Sequence of Total		1!n/1!n		O
	29A		From		4*35x		O
	29B		To the Attention of		4*35x		O
	88D		Borrower(s)		[/1!a][/34x] 4*35x		M
	32A		Original Facility Amount		6!n3!a15d		M

 

Mandatory Repetitive Sequence B Specification of the Drawing and Related Data

	Field Tag		Field Name		Format		Mandatory/Optional
	26a		Drawing Identification		N or P		M
	31F		Interest Period		6!n[/6!n][//35x]		M
	33B		Receiver's Participation		3!a15d		O
	36		Exchange Rate		12d		O
	37G		Basis Rate		[N]12d		M
	37M		Interest Margin		[N]12d		O
	37R		Reserve Interest		[N]12d		O
	37a		Total Interest Rate		A, B, C, D, E, or F		O
	34a		Differential Amount		P or R		O
	57a		Account With Institution		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O

 

14.6.3 MT 645 Notice of Fee Due

This message type is sent by the agent of the facility to the signatories thereto or to the parties to the offer.

It specifies flat and variable fees, payable on the same date, which are due to the Receiver.

Maximum Length: 2000

14.6.3.1 Format Specifications

Mandatory Sequence A Identification of the Facility and Flat Fees

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	29A		From		4*35x		O
	29B		To the Attention of		4*35x		O
	88D		Borrower(s)		[/1!a][/34x] 4*35x		M
	32A		Original Facility Amount		6!n3!a15d		M
	71B		Flat Fees		6*35x		O

 

Optional Repetitive Sequence B Variable Fees

	Field Tag		Field Name		Format		Mandatory/Optional
	23		Type of Fee		16x		M
	31F		Fee Period		6!n[/6!n][//35x]		M
	33B		Computation Base Amount		3!a15d		O
	34B		Fee Amount		3!a15d		M
	37a		Fee Rate		A, B, C, D, E, or F		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Mandatory Sequence C Summation of Fees

	Field Tag		Field Name		Format		Mandatory/Optional
	71C		Summary of Variable Fees		6*35x		O
	33A		Total Fees		6!n3!a15d		M
	34A		Amount to be Transferred		6!n3!a15d		O
	57a		Account With Institution		A, B, or D		O
	72		Sender to Receiver Informa­tion		6*35x		O

14.6.4 MT 646 Payment of Principal and/or of Interest

This message type is sent by the agent of a facility to the providers of funds.

It provides advice of payments and/or prepayments of principal and/or payment of interest on the same value date, which are not related to any subsequent drawing or renewal. It specifies (to the Receiver) the amount with respect to principal and/or interest.

Maximum Length: 2000

14.6.4.1 Format Specifications

Mandatory Sequence A Identification of the Facility

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	23		Further Identification		16x		M
	29A		From		4*35x		O
	29B		To the Attention of		4*35x		O
	88D		Borrower(s)		[/1!a][/34x] 4*35x		M
	32A		Original Facility Amount		6!n3!a15d		M
	26P		Drawing Identification		3!a/4x		O

 

Mandatory Repetitive Sequence B Interest Calculation

	Field Tag		Field Name		Format		Mandatory/Optional
	31F		Interest Period		6!n[/6!n][//35x]		O
	33B		Computation Base Amount		3!a15d		O
	34N		Interest Amount		[N]6!n3!a15d		O
	37a		Interest Rate		A, B, C, D, E, or F		O
	72		Sender to Receiver Informa­tion		6*35x		O

 

Mandatory Sequence C Principal Payment/Sum of Interest Due

	Field Tag		Field Name		Format		Mandatory/Optional
	32A		Total Principal Amount Repaid/Prepaid		6!n3!a15d		M
	32N		Principal Amount Due to Receiver		[N]6!n3!a15d		O
	33N		Gross Interest Amount Due to Receiver		[N]6!n3!a15d		O
	34N		Net Interest Amount Due to Receiver		[N]6!n3!a15d		O
	34a		Total Amount Transferred		P or R		O
	57a		Account With Institution		A, B, or D		O
	71C		Details of Adjustments		6*35x		O
	72		Sender to Receiver Information		6*35x		O

14.6.5 MT 649 General Syndicated Facility Message

This message type may be sent by any financial institution involved in a facility to another financial institution in the facility.

It is used for any communications related to syndicated facilities for which specific message types have not been defined.

This message type may be used throughout the life of the facility.

Maximum Length: 2000

14.6.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	27		Sequence of Total		1!n/1!n		O
	29A		From		4*35x		O
	29B		To the Attention of		4*35x		O
	88D		Borrower(s)		[/1!a][/34x] 4*35x		M
	32a		Facility Amount		A or B		O
	79		Narrative		35*50x		M

14.7 Documentary Credits and Guarantees

This section contains the following topics:

• Section 14.7.1, "MT 700 Issue of a Documentary Credit"
• Section 14.7.2, "MT 701 Issue of a Documentary Credit"
• Section 14.7.3, "MT 705 Pre-Advice of a Documentary Credit"
• Section 14.7.4, "MT 707 Amendment to a Documentary Credit"
• Section 14.7.5, "MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit"
• Section 14.7.6, "MT 720 Transfer of a Documentary Credit"
• Section 14.7.7, "MT 730 Acknowledgement"
• Section 14.7.8, "MT 732 Advice of Discharge"
• Section 14.7.9, "MT 734 Advice of Refusal"
• Section 14.7.10, "MT 740 Authorization to Reimburse"
• Section 14.7.11, "MT 742 Reimbursement Claim"
• Section 14.7.12, "MT 747 Amendment to an Authorization to Reimburse"
• Section 14.7.13, "MT 750 Advice of Discrepancy"
• Section 14.7.14, "MT 752 Authorization to Pay, Accept or Negotiate"
• Section 14.7.15, "MT 754 Advice of Payment/Acceptance/Negotiation"
• Section 14.7.16, "MT 756 Advice of Reimbursement or Payment"
• Section 14.7.17, "MT 760 (Guarantee / Standby Letter Of Credit)"
• Section 14.7.18, "MT 767 Guarantee / Standby Letter of Credit Amendment"
• Section 14.7.19, "MT 768 Acknowledgement of a Guarantee / Standby Message"

14.7.1 MT 700 Issue of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

The system follows the below STP process for incoming MT700 message:

1. When the Advising Bank receives this message, the system compares tag value of 20 in MT700 against the field ‘Source Reference’ and checks for the existence of the Pre-advice contract.

• If a contract does not exist, then the system creates a new Export LC contract.
• If an inactive or unauthorized contract exists, then the system moves MT700 message to a ‘Repair’ status.
• If an active and authorized contract exists, then the system amends the operation of the contract from PAD to ADV (advice) or ANC (advice & confirm).
  • If the change is from PAD to ADV, then the system triggers APAD event.
  • If the change is from PAD to ANC, then the system triggers APAC event.

2. The system compares the common fields available in MT705 and MT700 Swift messages, if the check box ‘Pre-advice Fields Validation on STP of 700 Required’ is checked.

• If the any of the fields in both the messages are different, then the system moves the contract in ‘Repair’ status, which can be resolved and processed manually. The system updates ‘Mismatch between Pre-advice and Operative LC’ as the ‘Repair’ reason.
• If any field values are missing in a contract created out of MT705 message, the system updates these values with those available in MT700.

3. The system overwrites all the values of the contract with those available in MT700 message, if the check box ‘Pre-advice Fields Validation on STP of 700 Required’ is unchecked.

Maximum Length: 10000

14.7.1.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1!n/1!n		M
	40A		Form of Documentary Credit		24x		M
	20		Documentary Credit Number		16x		M
	23		Reference to Pre-Advice		16x		O
	31C		Date of Issue		6!n		O
	40E		Applicable Rules		30x[/35x]		M
	31D		Date and Place of Expiry		6!n29x		M
	51a		Applicant Bank		A or D		O
	50		Applicant		4*35x		M
	59		Beneficiary		[/34x] 4*35x		M
	32B		Currency Code, Amount		3!a15d		M
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	41a		Available With ... By ...		A or D		M
	42C		Drafts at ...		3*35x		O
	42a		Drawee		A or D		O
	42M		Mixed Payment Details		4*35x		O
	42P		Deferred Payment Details		4*35x		O
	43P		Partial Shipments		1*35x		O
	43T		Transshipment		1*35x		O
	44A		Place of Taking in Charge/Dispatch from .../Place of Receipt		1*65x		O
	44E		Port of Loading/Airport of Departure		1*65x		O
	44F		Port of Discharge/Airport of Destination		1*65x		O
	44B		Place of Final Destination/For Transporta­tion to .../Place of Delivery		1*65x		O
	44C		Latest Date of Shipment		6!n		O
	44D		Shipment Period		6*65x		O
	45A		Description of Goods and/or Services		100*65x		O
	46A		Documents Required		100*65x		O
	47A		Additional Conditions		100*65x		O
	71B		Charges		6*35x		O
	48		Period for Presentation		4*35x		O
	49		Confirmation Instructions		7!x		M
	53a		Reimbursing Bank		A or D		O
	78		Instructions to the Paying/Accepting/Nego­tiating Bank		12*65x		O
	57a		'Advise Through' Bank		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O

14.7.2 MT 701 Issue of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is used to indicate the terms and conditions of a documentary credit which has been originated by the Sender (issuing bank).

This message is sent in addition to an MT 700 Issue of a Documentary Credit, when the information in the documentary credit exceeds the maximum input message length of the MT 700.

Maximum Length: 10000

14.7.2.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1!n/1!n		M
	20		Documentary Credit Number		16x		M
	45B		Description of Goods and/or Services		100*65x		O
	46B		Documents Required		100*65x		O
	47B		Additional Conditions		100*65x		O

14.7.3 MT 705 Pre-Advice of a Documentary Credit

This message is sent by the issuing bank to the advising bank.

It is a brief advice of a documentary credit, the full details of which will follow.

The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward the operative credit instrument, i.e., MT 700 Issue of a Documentary credit, without delay.

Maximum Length: 2000

When an Advising Bank receives this message, the system creates a Pre-advice Export LC contract automatically through STP processing.

14.7.3.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	40A		Form of Documentary Credit		24x		M
	20		Documentary Credit Number		16x		M
	31D		Date and Place of Expiry		6!n29x		M
	50		Applicant		4*35x		M
	59		Beneficiary		[/34x] 4*35x		M
	32B		Currency Code, Amount		3!a15d		M
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	41a		Available With ... By ...		A or D		O
	44A		Place of Taking in Charge/Dispatch from .../Place of Receipt		1*65x		O
	44E		Port of Loading/Airport of Departure		1*65x		O
	44F		Port of Discharge/Airport of Destina­tion		1*65x		O
	44B		Place of Final Destination/For Trans­portation to .../Place of Delivery		1*65x		O
	44C		Latest Date of Shipment		6!n		O
	44D		Shipment Period		6*65x		O
	45A		Description of Goods and/or Services		100*65x		O
	57a		'Advise Through' Bank		A, B, or D		O
	79		Narrative		35*50x		O
	72		Sender to Receiver Information		6*35x		O

14.7.4 MT 707 Amendment to a Documentary Credit

This message informs the Receiver of amendments to the terms and conditions of a documentary credit.

Maximum Length: 10000

14.7.4.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Receiver's Reference		16x		M
	23		Issuing Bank's Reference		16x		O
	52a		Issuing Bank		A or D		O
	31C		Date of Issue		6!n		O
	30		Date of Amendment		6!n		O
	26E		Number of Amendment		2n		O
	59		Beneficiary (before this amendment)		[/34x] 4*35x		M
	31E		New Date of Expiry		6!n		O
	32B		Increase of Documentary Credit Amount		3!a15d		O
	33B		Decrease of Documentary Credit Amount		3!a15d		O
	34B		New Documentary Credit Amount After Amendment		3!a15d		O
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	44A		Place of Taking in Charge/Dispatch from.../Place of Receipt		65x		O
	44E		Port of Loading/Airport of Departure		65x		O
	44F		Port of Discharge/Airport of Destination		65x		O
	44B		Place of Final Destination/For Transpor­tation to.../Place of Delivery		65x		O
	44C		Latest Date of Shipment		6!n		O
	44D		Shipment Period		6*65x		O
	79		Narrative		35*50x		O
	72		Sender to Receiver Information		6*35x		O

Note

Field 72 will be split into two if the total length of the field exceeds 1750 characters.

14.7.5 MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit

This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

Maximum Length: 10000

14.7.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1!n/1!n		M
	40B		Form of Documentary Credit		24x 24x		M
	20		Sender's Reference		16x		M
	21		Documentary Credit Number		16x		M
	23		Reference to Pre-Advice		16x		O
	31C		Date of Issue		6!n		M
	40E		Applicable Rules		30x[/35x]		M
	31D		Date and Place of Expiry		6!n29x		M
	52a		Issuing Bank		A or D		O
	50B		Non-Bank Issuer		4*35x		O
	51a		Applicant Bank		A or D		O
	50		Applicant		4*35x		M
	59		Beneficiary		[/34x] 4*35x		M
	32B		Currency Code, Amount		3!a15d		M
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	41a		Available With ... By ...		A or D		M
	42C		Drafts at ...		3*35x		O
	42a		Drawee		A or D		O
	42M		Mixed Payment Details		4*35x		O
	42P		Deferred Payment Details		4*35x		O
	43P		Partial Shipments		1*35x		O
	43T		Transshipment		1*35x		O
	44A		Place of Taking in Charge/Dispatch from .../Place of Receipt		1*65x		O
	44E		Port of Loading/Airport of Departure		1*65x		O
	44F		Port of Discharge/Airport of Destination		1*65x		O
	44B		Place of Final Destination/For Transporta­tion to .../Place of Delivery		1*65x		O
	44C		Latest Date of Shipment		6!n		O
	44D		Shipment Period		6*65x		O
	45A		Description of Goods and/or Services		100*65x		O
	46A		Documents Required		100*65x		O
	47A		Additional Conditions		100*65x		O
	71B		Charges		6*35x		O
	48		Period for Presentation		4*35x		O
	49		Confirmation Instructions		7!x		M
	53a		Reimbursing Bank		A or D		O
	78		Instructions to the Paying/Accepting/Nego­tiating Bank		12*65x		O
	57a		'Advise Through' Bank		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O

14.7.6 MT 720 Transfer of a Documentary Credit

When a beneficiary has requested the transfer of a documentary credit - originally issued by a bank or a non-bank - to a second beneficiary, this message is sent by the bank authorized to advise the transfer of the documentary credit, to the bank advising the second beneficiary.

It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.

Maximum Length: 10000

14.7.6.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1!n/1!n		M
	40B		Form of Documentary Credit		24x 24x		M
	20		Transferring Bank's Reference		16x		M
	21		Documentary Credit Number		16x		M
	31C		Date of Issue		6!n		O
	40E		Applicable Rules		30x[/35x]		M
	31D		Date and Place of Expiry		6!n29x		M
	52a		Issuing Bank of the Original Documentary Credit		A or D		O
	50B		Non-Bank Issuer of the Original Docu­mentary Credit		4*35x		O
	50		First Beneficiary		4*35x		M
	59		Second Beneficiary		[/34x] 4*35x		M
	32B		Currency Code, Amount		3!a15d		M
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	41a		Available With ... By ...		A or D		M
	42C		Drafts at ...		3*35x		O
	42a		Drawee		A or D		O
	42M		Mixed Payment Details		4*35x		O
	42P		Deferred Payment Details		4*35x		O
	43P		Partial Shipments		1*35x		O
	43T		Transshipment		1*35x		O
	44A		Place of Taking in Charge/Dispatch from .../Place of Receipt		1*65x		O
	44E		Port of Loading/Airport of Departure		1*65x		O
	44F		Port of Discharge/Airport of Destination		1*65x		O
	44B		Place of Final Destination/For Transporta­tion to .../Place of Delivery		1*65x		O
	44C		Latest Date of Shipment		6!n		O
	44D		Shipment Period		6*65x		O
	45A		Description of Goods and/or Services		100*65x		O
	46A		Documents Required		100*65x		O
	47A		Additional Conditions		100*65x		O
	71B		Charges		6*35x		O
	48		Period for Presentation		4*35x		O
	49		Confirmation Instructions		7!x		M
	78		Instructions to the Paying/Accepting/Negotiating Bank		12*65x		O
	57a		'Advise Through' Bank		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O

14.7.7 MT 730 Acknowledgement

This message is used to acknowledge receipt of any documentary credit message. When applicable, it may also explicitly indicate that the message has been forwarded according to instructions.

This message type may also be used:

• to account for bank charges
• to advise of acceptance or rejection of an amendment of a credit

Maximum Length: 2000

14.7.7.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Receiver's Reference		16x		M
	25		Account Identification		35x		O
	30		Date of Message Being Acknowledged		6!n		M
	32a		Amount of Charges		B or D		O
	57a		Account With Bank		A or D		O
	71B		Charges		6*35x		O
	72		Sender to Receiver Information		6*35x		O

14.7.8 MT 732 Advice of Discharge

This message is typically sent by the issuing bank to the paying/negotiating or accepting bank. It may also be sent by the paying/accepting/negotiating bank to the bank from which it has received documents.

It is used to advise the Receiver that the documents received with discrepancies have been taken up.

Maximum Length: 2000

14.7.8.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's TRN		16x		M
	21		Presenting Bank's Reference		16x		M
	30		Date of Advice of Payment/Accept­ance/Negotiation		6!n		M
	32B		Amount of Utilization		3!a15d		M
	72		Sender to Receiver Information		6*35x		O

14.7.9 MT 734 Advice of Refusal

Advises the refusal of documents that are not in accordance with the terms and conditions of a documentary credit

Maximum Length: 10000

14.7.9.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's TRN		16x		M
	21		Presenting Bank's Reference		16x		M
	32A		Date and Amount of Utilization		6!n3!a15d		M
	73		Charges Claimed		6*35x		O
	33a		Total Amount Claimed		A or B		O
	57a		Account With Bank		A, B or D		O
	72		Sender to Receiver Informa­tion		6*35x		O
	77J		Discrepancies		70*50x		M
	77B		Disposal of Documents		3*35x		M

Note

Field 77B will have the following format for line 1 –3:

• Line 1: /8c/[additional information]
• Line 2-6: [//add'l information]

The following codes are supported for field 77B:

• HOLD
• RETURN

14.7.10 MT 740 Authorization to Reimburse

This message is sent by the issuing bank to the reimbursing bank.

It is used to request the Receiver to honour claims for reimbursement of payment(s) or negotiation(s) under a documentary credit.

The MT 740 authorizes the reimbursing bank to debit the account of the Sender, or one of the Sender's branches if so indicated, for reimbursements effected in accordance with the instructions in the MT 740.

Maximum Length: 2000

14.7.10.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Documentary Credit Number		16x		M
	25		Account Identification		35x		O
	40F		Applicable Rules		30x		M
	31D		Date and Place of Expiry		6!n29x		O
	58a		Negotiating Bank		A or D		O
	59		Beneficiary		[/34x] 4*35x		O
	32B		Credit Amount		3!a15d		M
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	41a		Available With ... By ...		A or D		M
	42C		Drafts at ...		3*35x		O
	42a		Drawee		A or D		O
	42M		Mixed Payment Details		4*35x		O
	42P		Deferred Payment Details		4*35x		O
	71A		Reimbursing Bank's Charges		3!a		O
	71B		Other Charges		6*35x		O
	72		Sender to Receiver Information		6*35x		O

14.7.11 MT 742 Reimbursement Claim

This message is sent by the paying/negotiating bank to the bank authorized to reimburse the Sender for its payments/negotiations.

It is used to claim reimbursement of payment(s) or negotiation(s) under a documentary credit, as relevant to the reimbursing bank.

Maximum Length: 2000

14.7.11.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Claiming Bank's Reference		16x		M
	21		Documentary Credit Number		16x		M
	31C		Date of Issue		6!n		O
	52a		Issuing Bank		A or D		M
	32B		Principal Amount Claimed		3!a15d		M
	33B		Additional Amount Claimed as Allowed for in Excess of Principal Amount		3!a15d		O
	71B		Charges		6*35x		O
	34a		Total Amount Claimed		A or B		M
	57a		Account With Bank		A, B, or D		O
	58a		Beneficiary Bank		A or D		O
	72		Sender to Receiver Information		6*35x		O

14.7.12 MT 747 Amendment to an Authorization to Reimburse

This message is sent by the bank which has issued an authorization to reimburse (issuing bank) to the reimbursing bank.

It is used to inform the Receiver about amendments to the terms and conditions of the credit relevant to the authorization to reimburse.

The amendment is to be considered as part of the authorization to reimburse.

Maximum Length: 2000

14.7.12.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Documentary Credit Number		16x		M
	21		Reimbursing Bank's Reference		16x		O
	30		Date of the Original Authorisation to Reimburse		6!n		M
	31E		New Date of Expiry		6!n		O
	32B		Increase of Documentary Credit Amount		3!a15d		O
	33B		Decrease of Documentary Credit Amount		3!a15d		O
	34B		New Documentary Credit Amount After Amendment		3!a15d		O
	39A		Percentage Credit Amount Tolerance		2n/2n		O
	39B		Maximum Credit Amount		13x		O
	39C		Additional Amounts Covered		4*35x		O
	72		Sender to Receiver Information		6*35x		O
	77A		Narrative		20*35x		O

14.7.13 MT 750 Advice of Discrepancy

Advises of discrepancies and requests authorization to honour documents presented that are not in accordance with the terms and conditions of the documentary credit

Maximum Length: 10000

14.7.13.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Presenting Bank's Reference		16x		M
	21		Related Reference		16x		M
	32B		Principal Amount		3!a15d		M
	33B		Additional Amount		3!a15d		O
	71B		Charges to be Deducted		6*35x		O
	73		Charges to be Added		6*35x		O
	34B		Total Amount to be Paid		3!a15d		O
	57a		Account With Bank		A, B or D		O
	72		Sender to Receiver Informa­tion		6*35x		O
	77J		Discrepancies		70*50x		M

14.7.14 MT 752 Authorization to Pay, Accept or Negotiate

This message is sent by the issuing bank, or the nominated bank if so authorized by the issuing bank, to a paying/accepting/negotiating bank in response to a request for authorization to pay/accept/negotiate/incur a deferred payment undertaking previously requested via an MT 750 Advice of Discrepancy or otherwise.

It is used to advise the Receiver that documents may be taken up, notwithstanding the discrepancies, provided they are otherwise in order.

Maximum Length: 2000

14.7.14.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Documentary Credit Number		16x		M
	21		Presenting Bank's Reference		16x		M
	23		Further Identification		16x		M
	30		Date of Advice of Discrepancy or Mailing		6!n		M
	32B		Total Amount Advised		3!a15d		O
	71B		Charges Deducted		6*35x		O
	33a		Net Amount		A or B		O
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	72		Sender to Receiver Information		6*35x		O

14.7.15 MT 754 Advice of Payment/Acceptance/Negotiation

This message is sent by the paying, accepting or negotiating bank, or the bank incurring a deferred payment undertaking, to the issuing bank. It may also be sent by the bank to which documents have been presented to a bank that has been nominated to pay/accept.

It is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed.

The MT 754 may also be used:

• for the settlement of the payment/negotiation
• as a pre-notification of a reimbursement claim from the claiming bank to the issuing bank
• as a pre-debit notification from the claiming bank to the issuing bank

Note

Where a pre-debit notification from the reimbursing bank to the issuing bank is required, banks should use the MT 799 Free Format message, specifying the future date of debit.

Maximum Length: 2000

14.7.15.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Related Reference		16x		M
	32a		Principal Amount Paid/Accepted/Negotiated		A or B		M
	33B		Additional Amounts		3!a15d		O
	71B		Charges Deducted		6*35x		O
	73		Charges Added		6*35x		O
	34a		Total Amount Claimed		A or B		O
	53a		Reimbursing Bank		A, B, or D		O
	57a		Account With Bank		A, B, or D		O
	58a		Beneficiary Bank		A or D		O
	72		Sender to Receiver Information		6*35x		O
	77A		Narrative		20*35x		O

14.7.16 MT 756 Advice of Reimbursement or Payment

This message is sent by the issuing bank to the bank from which it has received documents or by the reimbursing bank to the bank from which it has received a reimbursement claim. It may also be sent by the bank nominated to pay/accept/negotiate/incur a deferred payment undertaking to the bank from which it has received documents.

It is used to advise the Receiver about reimbursement or payment, to that bank, for a drawing under a documentary credit for which no specific reimbursement instructions or payment provisions were provided.

The account relationship between the Sender and the Receiver is used unless otherwise expressly stated in the message.

Maximum Length: 2000

14.7.16.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Sender's Reference		16x		M
	21		Presenting Bank's Reference		16x		M
	32B		Total Amount Claimed		3!a15d		M
	33A		Amount Reimbursed or Paid		6!n3!a15d		M
	53a		Sender's Correspondent		A, B, or D		O
	54a		Receiver's Correspondent		A, B, or D		O
	72		Sender to Receiver Informa­tion		6*35x		O

14.7.17 MT 760 (Guarantee / Standby Letter Of Credit)

Issues or requests the issue of a guarantee or Standby LC

Maximum Length: 10000

14.7.17.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1n/1n		M
	20		Transaction Reference Num­ber		16x		M
	23		Further Identification		16x		M
	30		Date		6!n		O
	40C		Applicable Rules		4!a[/35x]		M
	77C		Details of Guarantee		150*65x		M
	72		Sender to Receiver Information		6*35x		O

Note

• The ISPR (The guarantee is subject to International Standby Practices) additional type codes are allowed for field 40 C
• The URCG (The guarantee is subject to the ICC Uniform Rules for Demand Guar­antees) type codes are disallowed for field 40 C

14.7.18 MT 767 Guarantee / Standby Letter of Credit Amendment

This message is sent by a bank which has issued a guarantee to the bank to which the guarantee was issued. It may also be sent by a bank which has requested the issuance of a guarantee to the bank to which the request for a guarantee was sent.

It is used to amend or request the amendment of the guarantee.

Note

This message may also be used for Standby Letters of Credit.

Maximum Length: 10000

14.7.18.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	27		Sequence of Total		1!n/1!n		M
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	23		Further Identification		16x		M
	30		Date		6!n		O
	26E		Number of Amendment		2n		O
	31C		Date of Issue or Request to Issue		6!n		M
	77C		Amendment Details		150*65x		M
	72		Sender to Receiver Information		6*35x		O

14.7.19 MT 768 Acknowledgement of a Guarantee / Standby Message

This message type is sent by a bank which has received a guarantee to the bank which issued the guarantee or an amendment thereto. It may also be sent by a bank which has been requested to issue a guarantee to the bank which requested the guarantee or an amendment thereto.

It is used to acknowledge receipt of any message relating to a guarantee and, where applicable, to indicate that action has been taken according to the instructions. This message may also be used for Standby Letters of Credit.

The Sender's charges may also be accounted for in this message.

Maximum Length: 2000

14.7.19.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	25		Account Identification		35x		O
	30		Date of Message Being Acknowledged		6!n		M
	32a		Amount of Charges		B or D		O
	57a		Account With Bank		A, B, or D		O
	71B		Details of Charges		6*35x		O
	72		Sender to Receiver Information		6*35x		O

14.8 Cash Management and Customer Status

This section contains the following topics:

• Section 14.8.1, "MT 900 Confirmation of Debit"
• Section 14.8.2, "MT 910 Confirmation of Credit"
• Section 14.8.3, "MT 920 Request Message"
• Section 14.8.4, "MT 940 Customer Statement Message"
• Section 14.8.5, "MT 950 Statement Message"

14.8.1 MT 900 Confirmation of Debit

This message type is sent by an account servicing institution to an account owner.

It is used to notify the account owner of an entry which has been debited to its account. The entry will be further confirmed by statement.

Maximum Length: 2000

14.8.1.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	25		Account Identification		35x		M
	13D		Date/Time Indication		6!n4!n1!x4!n		O
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	52a		Ordering Institution		A or D		O
	72		Sender to Receiver Information		6*35x		O

14.8.2 MT 910 Confirmation of Credit

This message is sent by an account servicing institution to an account owner.

It is used to notify the account owner of an entry which has been credited to its account. The entry will be further confirmed by statement.

Maximum Length: 2000

14.8.2.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	21		Related Reference		16x		M
	25		Account Identification		35x		M
	13D		Date/Time Indication		6!n4!n1!x4!n		O
	32A		Value Date, Currency Code, Amount		6!n3!a15d		M
	50a		Ordering Customer		A, F, or K		O
	52a		Ordering Institution		A or D		O
	56a		Intermediary		A or D		O
	72		Sender to Receiver Information		6*35x		O

14.8.3 MT 920 Request Message

An account owner or a party acting on the account owner’s behalf to one of the account owner’s account servicing institutions sends this message. It is used to request the account servicing institution to transmit one or more reports (for example, a statement) containing the requested information for the account(s) identified in the message

Maximum Length: 2000

14.8.3.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	12		Message Requested		3!n		M
	25		Account Identification		35x		M
	34F		Floor Limit Indicator		3!a[1a]15d		O

14.8.4 MT 940 Customer Statement Message

This message type is sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution) which has been authorized by the account owner to receive it.

It is used to transmit detailed information about all entries booked to the account.

Maximum Length: 2000

14.8.4.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Num­ber		16x		M
	21		Related Reference		16x		O
	25		Account Identification		35x		M
	28C		Statement Number/Sequence Number		5n[/5n]		M
	60a		Opening Balance		F or M		M
	61		Statement Line		6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x]		O
	86		Information to Account Owner		6*65x		O
	62a		Closing Balance (Booked Funds)		F or M		M
	64		Closing Available Balance (Available Funds)		1!a6!n3!a15d		O
	65		Forward Available Balance		1!a6!n3!a15d		O
	86		Information to Account Owner		6*65x		O

The outgoing MT940/MT942 message also contains the information of SEPA credit transfer & SEPA direct Debit.

The SEPA data set is added in MT940/MT942 when the message is:

• sent by the bank to the creditor (in case of an Incoming SEPA Credit Transfer)
• sent by the bank to the debtor (in case of an Incoming SEPA Direct Debit)

PC module defines the set of fields to appear Field 86 in the account statement message – MT 940/MT 942.

For SEPA Credit Transfer

	Status		Tag		Field Name		Description
	Optional		86		Information to Account Owner		Include SEPA data set for SEPA Credit Trans­fer

• Field 86 will consists of 6 lines each containing 65 alphanumeric characters(6*65x)
• Line 1 will contain data of following elements

	Elements		Related Field in PC Transaction		Comments /Validation
	Originator's reference of the Credit Transfer Transaction (End-to-End ID)			Customer Refer­ence		Code /EREF/ to be used fol­lowed by max 35 text of the End-to-End ID.
	The name of the Originator		CounterParty Name		Code /ORDP/ (=ordering	party) to be used followed by /NAME/max 70 text, followed by /ID/max	35 text
	The Origina­tor identifica­tion code		CounterParty Iden­tification Value

• Line 2 will contain data of following elements.

  	Elements		Related Field in PC Transaction		Comments
  	The Remittance Information			Fixed value		Code /REMI/ to be used followed by the content of unstructured or struc­tured Remittance info.	Tags 'unstructured' or 'structured' should not be included after	/REMI/.
  	Unstructured		It's a concatena­tion of the col­umns Payment Details 1, Pay­ment Details 2, Payment Details 3. Payment Details 4
  	Structured		It's a concatena­tion of the col­umns Payment Details 1, Pay­ment Details 2, Payment Details 3. Payment Details 4		In case of structured the opening tags of sub-elements of structured remittance info to be included. Replace <> by / to separate different sub-elements.

• Line 3 will contain data of following elements

	Elements		Related Field in PC Transaction		Comments
	The Settlement Date of the credit transfer (Interbank Settlement Date)		CounterParty Entry Value Date		Its optional tag. Code /ISDT/ to be used fol­lowed by date: YYYY-MM-DD

• Line 4 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	The Name of the Origi­nator Reference Party (Ultimate Debtor Name)		Ultimate Debtor Name		Code /ULTD/ to be used followed by /NAME/ and/or /ID
  	The Identification code of the Originator Refer­ence Party( Ultimate Debtor Id)		Ultimate Debtor Id value

• Line 5 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	The name of the Bene­ficiary Reference Party (Ultimate Creditor Name)			Creditor Reference Party		Code /ULTB/to be used followed by /NAME/ and/or /ID/
  	The identification code	of the Beneficiary	Reference Party (Ulti­mate Creditor ID)				Counter party Identifi­cation Value

• Line 6 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	The purpose of	the credit transfer		Purpose Value		Code /PURP/ to be used followed by pur­pose content.

For SEPA Direct Debt

	Status		Tag		Field Name		Description
	Optional		86		Information to Account Owner		Include SEPA data set for SEPA Direct Debt

• Field 86 will consists of 6 lines each containing 65 alphanumeric characters(6*65x)
• Line 1 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	Unique Mandate	Reference (Mandate Id)			Agreement Id		Code /MARF/ to be used followed by text of the	Mandate Id
  	Identification code	of the Scheme (Service label code)			Service Level Code		Code /SVCL/to be used followed by text

• Line 2 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	The name of the Credi­tor				Counter Party Name		Code /BENM/ to be used followed by /NAME/max 70 text.

• Line 3 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	The	Remittance	Information			Fixed value		Code /REMI/ to be used followed by the content of unstructured or structured Remit­tance info.	Tags 'unstructured' or 'structured' should not be included after	/REMI/.
  	Unstructured		Concatenation of the column Payment Details 1, Payment Details 2, Payment Details 3. Payment Details 4
  	Structured		Concatenation of the column Payment Details 1, Payment Details 2, Payment Details 3. Payment Details 4		In case of structured the opening tags of sub-elements of struc­tured remittance info to be included. Replace <> by / to separate dif­ferent sub-elements

• Line 4 will contain data of following elements

  	Elements		Related Field in PC Transaction		Comments
  	Identifier of the creditor			Counterparty Identifica­tion Value		Code /CSID/ to be used followed by max 35 Id.

14.8.5 MT 950 Statement Message

This message type is sent by an account servicing institution to an account owner. It is used to transmit detailed information about all entries, whether or not caused by a SWIFT message, booked to the account.

Maximum Length: 2000

14.8.5.1 Format Specifications

	Field Tag		Field Name		Format		Mandatory/Optional
	20		Transaction Reference Number		16x		M
	25		Account Identification		35x		M
	28C		Statement Number/Sequence Number		5n[/5n]		M
	60a		Opening Balance		F or M		M
	61		Statement Line		6!n[4!n]2a[1!a]15d1!a3!c16x[//16x] [34x]		O
	62a		Closing Balance (Booked Funds)		F or M		M
	64		Closing Available Bal­ance (Available Funds)		1!a6!n3!a15d		O