3.5.10 Cancellation Message

OBTR generates MT540, MT541, MT542 and MT543 as a part of reversal event of below type of deals.

• Security buy deal
• Security sell deal
• Repo deal
• Reverse-repo deal

You can link the message ‘SEC_SETTLEMENT’ with ‘REVR’ (Reversal) and ‘CANC’ in Bank Buy/ Sell Deal Product, Repo and Reverse repo product and ‘CANC’ (Cancellation) event in Bank Buy/ Sell Deal Product.

The Block deal generates the message MT543 MT542 which has the Repo/Reverse Repo Rates. The SEC_MESSAGE is to be linked with BOOK event of Block product.

The negative rates given in SR Repo/Reverse Repo contract are reflected in the Block deal message. OBTR resolves message type that has to be triggered based on deal product type and resulting in one of the SWIFT messages during reversal event.