10.1.1 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.
- 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.
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 ('/').