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