10.1.5 MT 320 Fixed Loan/Deposit Confirmation

This topic describes the MT 320 Fixed Loan/Deposit Confirmation messages.

This message is exchanged to confirm a fixed term loan/deposit contract, in order 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 rolled over/renewed contract between the parties the maturity of a contract
This message is exchanged by or on behalf of the institutions or corporate, party A and party B, who have agreed to a fixed term loan/deposit contract. A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal. Maximum Length: 10000

Table 10-44 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
21N Contract Number Party A 16x O
82a Party A A, D, or J M
87a Party B A, D, or J M
83a Fund or Instructing Party A, D, or J O
77D Terms and Conditions 6*35x O

Table 10-45 Mandatory Sequence B Transaction Details

Field Tag Field Name Format Mandatory/Optional
15B New Sequence Empty field M
17R Party A's Role 1!a M
30T Trade Date 8!n M
30V Value Date 8!n M
30P Maturity Date 8!n M
32B Currency and Principal Amount 3!a15d M
32H Amount to be Settled [N]3!a15d O
30X Next Interest Due Date 8!n O
34E Currency and Interest Amount [N]3!a15d M
37G Interest Rate [N]12d M
14D Day Count Fraction 7x M
30F Last Day of the First Interest Period 8!n O
38J Number of Days 1!a3!n O

Table 10-46 Mandatory Sequence C Settlement Instructions for Amounts Payable by Party A

Field Tag Field Name Format Mandatory/Optional
15C New Sequence Empty field M
53a Delivery Agent A, D, or J O
86a Intermediary 2 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

Table 10-47 Mandatory Sequence D Settlement Instructions for Amounts Payable by Party B

Field Tag Field Name Format Mandatory/Optional
15D New Sequence Empty field M
53a Delivery Agent A, D, or J O
86a Intermediary 2 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

Table 10-48 Optional Sequence F Settlement Instructions for Interests Payable by Party B

Field Tag Field Name Format Mandatory/Optional
15F New Sequence Empty field M
53a Delivery Agent A, D, or J O
86a Intermediary 2 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

Table 10-49 Optional Sequence G Tax Information

Field Tag Field Name Format Mandatory/Optional
15G New Sequence Empty field M
37L Tax Rate 12d M
33B Transaction Currency and Net Interest Amount 3!a15d M
36 Exchange Rate 12d O
33E Reporting Currency and Tax Amount 3!a15d O

Table 10-50 Optional Sequence H Additional Information

Field Tag Field Name Format Mandatory/Optional
15H 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 10-51 Optional Sequence I Additional Amounts

Field Tag Field Name Format Mandatory/Optional
15I 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, D, or J O
86a Intermediary 2 A, D, or J O
56a Intermediary A, D, or J O
57a Receiving Agent A, D, or J M