MT 307 Advice/Instruction of a Third Party FX Deal

MT307 Format Specifications

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
----->
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	2
-----\|
M	23G			Function of the Message	4!c[/4!c]	3
----->
M	22a	4!c	Indicator	(see qualifier description)	F or H	4
-----\|
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	5
O	13a	LINK	Number Identification	Linked Message	A or B	6
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	7
M	16S			End of Block	LINK	8
-----\| End of Subsequence A1 Linkages
M	16S			End of Block	GENL	9
End of Sequence A General Information
Mandatory Sequence B FX Details
M	16R			Start of Block	FXDET	10
----->
M	98A	4!c	Date	(see qualifier description)	:4!c//8!n	11
-----\|
M	92B	EXCH	Rate	Exchange Rate	:4!c//3!a/3!a/15d	12
Mandatory Subsequence B1 FX Parties 1
M	16R			Start of Block	FXPRTY1	13
M	95a	FXCO	Party	FX Counterparty	P, Q, or R	14
M	16S			End of Block	FXPRTY1	15
End of Subsequence B1 FX Parties 1
Mandatory Subsequence B2 FX Parties 2
M	16R			Start of Block	FXPRTY2	16
O	95a	INVE	Party	Investor	P, Q, or R	17
M	97A	SAFE	Account	Safekeeping Account	:4!c//35x	18
M	16S			End of Block	FXPRTY2	19
End of Subsequence B2 FX Parties 2
-----> Mandatory Repetitive Subsequence B3 FX Settlement Details
M	16R			Start of Block	FXSETDET	20
M	19B	4!c	Amount	(see qualifier description)	:4!c//3!a15d	21
-----> Optional Repetitive Subsequence B3a Cash Parties
M	16R			Start of Block	CSHPRTY	22
O	95a	4!c	Party	(see qualifier description)	P, Q, or R	23
O	97A	CASH	Account	Cash Account	:4!c//35x	24
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	25
M	16S			End of Block	CSHPRTY	26
-----\| End of Subsequence B3a Cash Parties
M	16S			End of Block	FXSETDET	27
-----\| End of Subsequence B3 FX Settlement Details
M	16S			End of Block	FXDET	28
End of Sequence B FX Details
Optional Sequence C Accounting Information
M	16R			Start of Block	ACCOUNT	29
-----> Optional Repetitive Subsequence C1 Linkages
M	16R			Start of Block	LINK	30
O	13a	LINK	Number Identification	Linked Message	A or B	31
M	20C	PREV	Reference	Previous Reference	:4!c//16x	32
M	16S			End of Block	LINK	33
-----\| End of Subsequence C1 Linkages
M	22H	GALO	Indicator	Gain/Loss Indicator	:4!c//4!c	34
M	19B	GALO	Amount	Gain/Loss Currency and Amount	:4!c//3!a15d	35
M	16S			End of Block	ACCOUNT	36
End of Sequence C Accounting Information
Optional Sequence D Net Amount to be Settled
M	16R			Start of Block	NET	37
M	22H	GALO	Indicator	Gain/Loss Indicator	:4!c//4!c	38
M	19B	ANTO	Amount	Net Gain/Loss Amount	:4!c//3!a15d	39
-----> Optional Repetitive Subsequence D1 Cash Parties
M	16R			Start of Block	CSHPRTY	40
M	95a	4!c	Party	(see qualifier description)	P, Q, or R	41
O	97A	CASH	Account	Cash Account	:4!c//35x	42
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	43
M	16S			End of Block	CSHPRTY	44
-----\| End of Subsequence D1 Cash Parties
M	16S			End of Block	NET	45
End of Sequence D Net Amount to be Settled

MT307 Network Validated Rules

C1 In sequence A, the presence of the Open Indicator (field :22H::APER) and the presence of the Net Settlement Indicator (field :22H::NEGR) depend on the Contract Type (field :22H::CRTR) as follows:

Sequence A
if field :22H::CRTR Indicator is ...

Sequence A
then field :22H::APER is ...

Sequence A
and field :22H::NEGR is ...

ASET

Not allowed

Optional

AFWD

Mandatory

Mandatory
C2 In sequence A, the presence of the Close Indicator (field :22H::PAFI) depends on the Open Indicator (field :22H::APER) as follows:

Sequence A
if field :22H::APER Indicator is ...

Sequence A
then field :22H::PAFI is ...

OPEF

Not allowed

NOPE

Mandatory

Field :22H::APER not present

Not allowed
C3 The presence of sequence C depends on the Open Indicator (field :22H::APER) as follows:

Sequence A
if field :22H::APER Indicator is ...

Then sequence C is ...

OPEF

Not allowed

NOPE

Mandatory

Field :22H::APER not present

Not allowed

Sequence A if field :22H::CRTR Indicator is ...	Sequence A then field :22H::APER is ...	Sequence A and field :22H::NEGR is ...
ASET	Not allowed	Optional
AFWD	Mandatory	Mandatory

Sequence A if field :22H::APER Indicator is ...	Sequence A then field :22H::PAFI is ...
OPEF	Not allowed
NOPE	Mandatory
Field :22H::APER not present	Not allowed

Sequence A if field :22H::APER Indicator is ...	Then sequence C is ...
OPEF	Not allowed
NOPE	Mandatory
Field :22H::APER not present	Not allowed

C4 In sequence A, the presence of the qualifier UNKN in the Net Settlement Indicator (field :22H::NEGR//UNKN) depends on the content of the Contract Type (field :22H::CRTR), of the Open Indicator (field :22H::APER) and of the Close Indicator (field :22H::PAFI) as follows:

Sequence A if field :22H: is ...	Sequence A then field :22H::NEGR//UNKN is ...
CRTR//ASET	Not allowed
CRTR//AFWD and APER//OPEF	Optional
CRTR//AFWD and APER//NOPE and PAFI//PAIN	Optional
CRTR//AFWD and APER//NOPE and PAFI//FINA	Not allowed

C5 The presence of sequence D depends on the value of field 22H Indicator as follows:

In sequence A				Then sequence D is ...
if field :22H::CRTR is ...	and field :22H::APER is ...	and field :22H::PAFI is ...	and field :22H::NEGR is ...	Then sequence D is ...
ASET	NA by C1	NA by C2	NETC	Optional
ASET	NA by C1	NA by C2	GRSC	Not allowed
ASET	NA by C1	NA by C2	Not present	Not allowed
AFWD	OPEF	NA by C2	NETC or GRSC or UNKN	Not allowed
AFWD	NOPE	PAIN	NETC or GRSC or UNKN	Not allowed
AFWD	NOPE	FINA	NETC	Mandatory
AFWD	NOPE	FINA	GRSC	Not allowed

C6 The following fields cannot appear more than once in the message:

Subsequence B3

Subsequence D1

:19B::BUYE

:95a::CDEA

:19B::SELL

:95a::INTE

:95a::ACCW

:95a::BENM
C7 Repetitive subsequence B3 FX Settlement Details must be present exactly twice in the message.

Subsequence B3	Subsequence D1
:19B::BUYE	:95a::CDEA
:19B::SELL	:95a::INTE
	:95a::ACCW
	:95a::BENM

C8 In each occurrence of sequence B3, the presence of the repetitive subsequence B3a Cash Parties depends on the content of the Net Settlement Indicator (:22H::NEGR), as follows:

Subsequence A if field :22H::NEGR Indicator is ...	Then, in each occurrence of sequence B3 subsequence B3a Cash Parties is ...
GRSC	Mandatory
NETC or UNKN	Not allowed
Field :22H::NEGR Not present	Mandatory

Subsequence A

if field :22H::NEGR Indicator is ...

Then, in each occurrence of sequence B3

subsequence B3a Cash Parties is ...

GRSC

Mandatory

NETC or UNKN

Not allowed

Field :22H::NEGR Not present

Mandatory

C9 Taking into account C8: in each occurrence of sequence B3, the presence of the different parties (field 95a) in sequence B3a depends on the content of field 19B in sequence B3 as follows:

In each occurrence of sequence B3, if field :19B:: is ...	And if subsequence B3a is present (that is, is Mandatory per C8) then ...
In one occurrence of subsequence B3a field ...	And in all other optional occurrence(s) of B3a field ...
BUYE	:95a::CDEA is Mandatory	:95a::INTE is Optional	:95a::ACCW is Optional	:95a::BENM is Not allowed
SELL	:95a::ACCW is Mandatory	:95a::INTE is Optional	:95a::CDEA is Optional	:95a::BENM is Optional

In each occurrence of sequence B3,

if field :19B:: is ...

And if subsequence B3a is present (that is, is Mandatory per C8)

then ...

In one occurrence of subsequence B3a field ...

And in all other optional occurrence(s) of B3a field ...

BUYE

:95a::CDEA is Mandatory

:95a::INTE is Optional

:95a::ACCW is Optional

:95a::BENM is Not allowed

SELL

:95a::ACCW is Mandatory

:95a::INTE is Optional

:95a::CDEA is Optional

:95a::BENM is Optional

C10 In each occurrence of sequence B3, the following party fields cannot appear more than once:

Subsequence B3a

:95a::CDEA

:95a::INTE

:95a::ACCW

:95a::BENM

MT307 Scope

MT307 Format Specifications

MT307 Network Validated Rules