10.1.2 MT 304 Advice/Instruction of a Third Party Deal
This topic describes the MT 304 Advice/Instruction of a Third Party Deal.
This message is sent by a fund manager to a custodian bank as an advice
of/instruction to settle a third party foreign exchange deal. The definition of third
party must be agreed up front between the fund manager and the custodian relative to
deals executed by the custodians' treasury area on behalf of the fund manager. It is
used to:
- provide details about a new deal
- provide a settlement notification
- amend a previously sent message
- cancel a previously sent message
Table 10-8 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 | M |
| 17O | Open Indicator | 1!a | O |
| 17F | Final Close Indicator | 1!a | O |
| 17N | Net Settlement Indicator | 1!a | O |
| 83a | Fund | A or J | M |
| 82a | Fund Manager | A or J | M |
| 87a | Executing Broker | A or J | M |
| 81a | Central Counterparty Clearing House (CCP) | A, D, or J | O |
| 89a | Clearing Broker | A, D, or J | O |
| 17l | Payment versus Payment Settlement Indicator | 1!a | O |
| 77H | Type, Date, Version of the Agreement | 6a[/8!n][//4!n] | O |
| 14C | Year of Definitions | 4!n | O |
| 32E | Settlement Currency | 3!a | O |
| 30U | Valuation Date | 8!n | O |
| 14S | Settlement Rate Source | 3!a2n[/4!n/4!c] | O |
| 21A | Reference to Opening Instruction | 16x | O |
| 14E | Clearing or Settlement Session | 35x | O |
Table 10-9 Mandatory Sequence B Forex 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 |
| 39M | Payment Clearing Centre | 2!a | O |
Table 10-10 Mandatory Sub-sequence B1 Amount Bought
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 32B | Currency, Amount Bought | 3!a15d | M |
| 53a | Delivery Agent | A or J | M |
| 56a | Intermediary | A or J | O |
| 57a | Receiving Agent | A or J | O |
Table 10-11 Mandatory Subsequence B2 Amount Sold
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| Field Tag | Field Name | Format | Mandatory/Optional |
| 33B | Currency, Amount Sold | 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 10-12 Optional Sequence C Optional General Information
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 15C | New Sequence | Empty field | M |
| 21A | Reference to the Associated Trade | 16x | O |
| 21G | Executing Broker's Reference | 16x | O |
| 22U | Underlying Product Identifier | 6a | O |
| 35B | Identification of Financial Instrument | [ISIN1!e12!c]
4*35x |
O |
| 22V | Execution Venue | 35x | O |
| 98D | Execution Timestamp | 8!n6!n[,3n][/[N]2!n[2!n]] | O |
| 98G | Confirmation Timestamp | 8!n6!n[,3n][/[N]2!n[2!n]] | O |
| 98H | Clearing Timestamp | 6!n[,3n][/[N]2!n[2!n]] | O |
| 29A | Contact Information | 4*35x | O |
| 34C | Commission and Fees | 4!c/[N]3!a15d | O |
| 72 | Sender to Receiver Information | 6*35x | O |
Table 10-13 Optional Repetitive Subsequence C1 Unique Transaction Identifier
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 22L | Reporting Jurisdiction | 35x | M |
| 22M | UTI Namespace/Issuer Code | 30x | M |
| 22N | Transaction Identifier | 32x | M |
Table 10-14 Optional Repetitive Sub-sequence C1a Prior Unique Transaction Identifier
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 22P | PUTI Namespace/Issuer Code | 30x | M |
| 22R | Prior Transaction Identifier | 32x | M |
Table 10-15 Optional Sequence D Accounting Information
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 15D | New Sequence | Empty field | M |
| 21P | Reference to Previous Deals | 16x | O |
| 17G | Gain (Loss) Indicator | 1!a | O |
| 32G | Currency, Amount | 3!a15d | O |
| 34B | Commission and Fees - Currency and Amount | 3!a15d | O |
| 30F | Commission and Fees - Settlement Date | 8!n | O |
Table 10-16 Optional Sequence E Net Amount to be Settled
| Field Tag | Field Name | Format | Mandatory/Optional |
|---|---|---|---|
| 15E | New Sequence | Empty field | M |
| 17G | Gain (Loss) Indicator | 1!a | M |
| 32G | 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 | O |
| 58a | Beneficiary Institution | A, D, or J | O |
Note:
In option J, Party Identification must be specified as a list of pairs (Code)(Value). The codes must be placed between slashes ('/').