10.4 MT 306 Foreign Currency Option Confirmation

This topic describes the 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

Table 10-18 Format Sepcifications: 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, , or J	M
87a	Party B	A,, or J	M
83a	Fund or Beneficiary Customer	A, , 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

Table 10-19 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

Table 10-20 Optional Sub-sequence 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

Table 10-21 Optional Sub-sequence B2 Calculation Agent

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

Table 10-22 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, , or J	O
86a	Intermediary 2	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 10-23 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

Table 10-24 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, , or J	O
86a	Intermediary 2	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 10-25 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

Table 10-26 Optional Sub-sequence 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

Table 10-27 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

Table 10-28 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

Table 10-29 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

Table 10-30 Optional Sequence L 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, , or J	O
86a	Intermediary 2	A, , or J	O
56a	Intermediary	A, , or J	O
57a	Receiving Agent	A, , or J	M