10.1 MT 300 Foreign Exchange Confirmation

This topic describes the MT 300 Foreign Exchange Confirmation messages.

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

Table 10-2 Format Specifications: Mandatory Sequence A General Information

Field Tag	Field Name	Format	Mandatory/Optional
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 or J	M
87a	Party B	A or J	M
83a	Fund or Beneficiary Customer	A or J	O
77D	Terms and Conditions	6*35x	O

The system does not support the use of NDF codes (/VALD/, /SETC/, /FIX/)in the field 77D of MT 300 in Sequence A.

Table 10-3 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

Table 10-4 Mandatory Subsequence B1 Amount Bought

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

Table 10-5 Mandatory Sub-sequence B2 Amount Sold

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

Table 10-6 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

Table 10-7 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

Note:

In option J, Party Identification must be specified as a list of pairs (Code)(Value). The codes must be placed between slashes ('/').