12. 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 12.1, "Customer Payments and Cheques"
• Section 12.2, "Financial Institution Transfers"
• Section 12.3, "Treasury Markets - Foreign Exchange, Money Markets and Derivatives"
• Section 12.4, "Collections and Cash Letters"
• Section 12.5, "Securities Markets"
• Section 12.6, "Treasury Markets - Metals"
• Section 12.7, "Documentary Credits and Guarantees"
• Section 12.8, "Cash Management and Customer Status"

12.1 Customer Payments and Cheques

This section contains the following topics:

• Section 12.1.1, "MT 102 Multiple Customer Credit Transfer"
• Section 12.1.2, "MT 103 Single Customer Credit Transfer"
• Section 12.1.3, "MT 103 REMIT Single Customer Credit Transfer"
• Section 12.1.3, "MT 103 REMIT Single Customer Credit Transfer"
• Section 12.1.5, "MT 110 Advice of Cheque(s)"
• Section 12.1.6, "MT 111 Request for Stop Payment of a Cheque"
• Section 12.1.7, "MT 191 Request for Payment of Charges, Interest, and Other Expenses"

12.1.1 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

12.1.1.1 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

12.1.2 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

12.1.3 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

12.1.3.1 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

 

12.1.4 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

12.1.4.1 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+

12.1.5 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

12.1.5.1 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

12.1.6 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

12.1.6.1 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

12.1.7 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

12.1.7.1 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

12.2 Financial Institution Transfers

This section contains the following topics:

• Section 12.2.1, "MT 200 Financial Institution Transfer for its Own Account"
• Section 12.2.2, "MT 202 General Financial Institution Transfer"
• Section 12.2.3, "MT 203 Multiple General Financial Institution Transfer"
• Section 12.2.4, "MT 204 Financial Markets Direct Debit Message"
• Section 12.2.5, "MT 205 Financial Institution Transfer Execution"
• Section 12.2.6, "MT 210 Notice to Receive"

12.2.1 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

12.2.1.1 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

12.2.2 MT 202 General Financial Institution Transfer

Requests the movement of funds between financial institutions

Maximum Length: 2000

12.2.2.1 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.

12.2.3 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

12.2.3.1 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

12.2.4 MT 204 Financial Markets Direct Debit Message

Claims funds from SWIFT member banks

Maximum Length: 2000

12.2.4.1 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.

12.2.5 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

12.2.5.1 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

12.2.6 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

12.2.6.1 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

12.3 Treasury Markets - Foreign Exchange, Money Markets and Derivatives

This section contains the following topics:

• Section 12.3.1, "MT 300 Foreign Exchange Confirmation"
• Section 12.3.2, "Optional Sequence D Split Settlement Details"
• Section 12.3.3, "MT 306 Foreign Currency Option Confirmation"
• Section 12.3.4, "MT 320 Fixed Loan/Deposit Confirmation"
• Section 12.3.5, "MT 330 Call/Notice Loan/Deposit Confirmation"
• Section 12.3.6, "MT 340 Forward Rate Agreement Confirmation"
• Section 12.3.7, "MT 341 Forward Rate Agreement Settlement Confirmation"
• Section 12.3.8, "MT 350 Advice of Loan/Deposit Interest Payment"
• Section 12.3.9, "MT 360 Single Currency Interest Rate Derivative Confirmation"
• Section 12.3.10, "MT 361 Cross Currency Interest Rate Swap Confirmation"
• Section 12.3.11, "MT 362 Interest Rate Reset/Advice of Payment"
• Section 12.3.12, "MT 364 Single Currency Interest Rate Derivative Termination/ Recouponing Confirmation"
• Section 12.3.13, "MT 365 Cross Currency Interest Rate Swap Termination/Recouponing Confirmation"

12.3.1 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

12.3.1.1 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

 

12.3.2 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

12.3.2.1 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

12.3.3 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

12.3.3.1 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

12.3.4 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

12.3.4.1 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

12.3.5 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

12.3.5.1 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

 

12.3.6 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

12.3.6.1 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

 

12.3.7 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

12.3.7.1 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

 

12.3.8 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

12.3.8.1 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

 

12.3.9 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

12.3.9.1 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

12.3.10 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

12.3.10.1 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

12.3.11 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

12.3.11.1 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

12.3.12 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

12.3.12.1 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

12.3.13 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

12.3.13.1 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

12.4 Collections and Cash Letters

This section contains the following topics:

• Section 12.4.1, "MT 400 Advice of Payment"
• Section 12.4.2, "MT 410 Acknowledgement"
• Section 12.4.3, "MT 412 Advice of Acceptance"
• Section 12.4.4, "MT 416 Advice of Non-Payment/Non-Acceptance"
• Section 12.4.5, "MT 420 Tracer"
• Section 12.4.6, "MT 422 Advice of Fate and Request for Instructions"
• Section 12.4.7, "MT 430 Amendment of Instructions"

12.4.1 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

12.4.1.1 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

12.4.2 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

12.4.2.1 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

12.4.3 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

12.4.3.1 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

12.4.4 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

12.4.4.1 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

12.4.5 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

12.4.5.1 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

12.4.6 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

12.4.6.1 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

12.4.7 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

12.4.7.1 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

12.5 Securities Markets

This section contains the following topics:

• Section 12.5.1, "MT 517 Trade Confirmation Affirmation"
• Section 12.5.2, "MT 518 Market-Side Securities Trade Confirmation"
• Section 12.5.3, "MT 540 Receive Free"
• Section 12.5.4, "MT 541 Receive Against Payment "
• Section 12.5.5, "MT 542 Deliver Free"
• Section 12.5.6, "MT 543 Deliver Against Payment"
• Section 12.5.7, "MT 592 Request for Cancellation"
• Section 12.5.8, "MT 598 Proprietary Message"

12.5.1 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

12.5.1.1 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

 

12.5.2 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

12.5.2.1 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

12.5.3 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

12.5.3.1 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

 

12.5.4 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

12.5.4.1 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

12.5.5 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

12.5.5.1 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

 

12.5.6 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

12.5.6.1 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

12.5.7 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

12.5.7.1 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

12.5.8 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

12.5.8.1 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

12.6 Treasury Markets - Metals

This section contains the following topics:

• Section 12.6.1, "MT 643 Notice of Drawdown/Renewal"
• Section 12.6.2, "MT 644 Advice of Rate and Amount Fixing"
• Section 12.6.3, "MT 645 Notice of Fee Due"
• Section 12.6.4, "MT 646 Payment of Principal and/or of Interest"
• Section 12.6.5, "MT 649 General Syndicated Facility Message"

12.6.1 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

12.6.1.1 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

12.6.2 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

12.6.2.1 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

 

12.6.3 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

12.6.3.1 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

12.6.4 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

12.6.4.1 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

12.6.5 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

12.6.5.1 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

12.7 Documentary Credits and Guarantees

This section contains the following topics:

• Section 12.7.1, "MT 700 Issue of a Documentary Credit"
• Section 12.7.2, "MT 701 Issue of a Documentary Credit"
• Section 12.7.3, "MT 705 Pre-Advice of a Documentary Credit"
• Section 12.7.4, "MT 707 Amendment to a Documentary Credit"
• Section 12.7.5, "MT 710 Advice of a Third Bank's or a Non-Bank's Documentary Credit"
• Section 12.7.6, "MT 720 Transfer of a Documentary Credit"
• Section 12.7.7, "MT 730 Acknowledgement"
• Section 12.7.8, "MT 732 Advice of Discharge"
• Section 12.7.9, "MT 734 Advice of Refusal"
• Section 12.7.10, "MT 740 Authorization to Reimburse"
• Section 12.7.11, "MT 742 Reimbursement Claim"
• Section 12.7.12, "MT 747 Amendment to an Authorization to Reimburse"
• Section 12.7.13, "MT 750 Advice of Discrepancy"
• Section 12.7.14, "MT 752 Authorization to Pay, Accept or Negotiate"
• Section 12.7.15, "MT 754 Advice of Payment/Acceptance/Negotiation"
• Section 12.7.16, "MT 756 Advice of Reimbursement or Payment"
• Section 12.7.17, "MT 760 (Guarantee / Standby Letter Of Credit)"
• Section 12.7.18, "MT 767 Guarantee / Standby Letter of Credit Amendment"
• Section 12.7.19, "MT 768 Acknowledgement of a Guarantee / Standby Message"

12.7.1 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

12.7.1.1 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

12.7.2 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

12.7.2.1 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

12.7.3 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.

12.7.3.1 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

12.7.4 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

12.7.4.1 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.

12.7.5 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

12.7.5.1 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

12.7.6 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

12.7.6.1 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

12.7.7 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

12.7.7.1 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

12.7.8 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

12.7.8.1 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

12.7.9 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

12.7.9.1 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

12.7.10 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

12.7.10.1 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

12.7.11 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

12.7.11.1 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

12.7.12 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

12.7.12.1 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

12.7.13 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

12.7.13.1 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

12.7.14 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

12.7.14.1 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

12.7.15 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

12.7.15.1 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

12.7.16 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

12.7.16.1 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

12.7.17 MT 760 (Guarantee / Standby Letter Of Credit)

Issues or requests the issue of a guarantee or Standby LC

Maximum Length: 10000

12.7.17.1 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

12.7.18 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

12.7.18.1 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

12.7.19 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

12.7.19.1 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

12.8 Cash Management and Customer Status

This section contains the following topics:

• Section 12.8.1, "MT 900 Confirmation of Debit"
• Section 12.8.2, "MT 910 Confirmation of Credit"
• Section 12.8.3, "MT 920 Request Message"
• Section 12.8.4, "MT 940 Customer Statement Message"
• Section 12.8.5, "MT 950 Statement Message"

12.8.1 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

12.8.1.1 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

12.8.2 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

12.8.2.1 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

12.8.3 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

12.8.3.1 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

12.8.4 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

12.8.4.1 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.

12.8.5 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

12.8.5.1 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