10.1.13 MT 364 Single Currency Interest Rate Derivative Termination/ Recouponing Confirmation
This topic describes the 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
Table 10-101 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 |
Table 10-102 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 |
Table 10-103 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 |
Table 10-104 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 |
Table 10-105 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 |