MT307: (4) Field 22a: Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)
Option H :4!c//4!c (Qualifier)(Indicator)

PRESENCE

Mandatory in mandatory sequence A

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

CRTR

N

 

H

Contract Type Indicator

2

O

APER

N

C1

H

Open Indicator

3

O

PAFI

N

C2

H

Close Indicator

4

O

NEGR

N

C1, C4

H

Net Settlement Indicator

5

O

TRAD

N

 

F

Trading Reason

DEFINITION

This qualified generic field specifies:

APER

Open Indicator

Whether the instruction is for the opening or the closing of a forward currency contract.

CRTR

Contract Type Indicator

The type of foreign exchange contract.

NEGR

Net Settlement Indicator

Whether the total amount is settled net or gross.

PAFI

Close Indicator

Whether the instruction is for the final close or the partial close of a forward currency contract.

TRAD

Trading Reason

The reason for the trade to be reported as required by national regulations.

CODES

In option H, if Qualifier is CRTR, Indicator must contain one of the following codes :

AFWD

Forward Foreign Exchange. The FX is a forward/hedge executed for a future date at a set price. The contract is opened and closed for the same value date resulting in a gain or loss. The result can be settled by netting the local base or both currencies, or by settling the gross/principal amount.

ASET

Settlement contract. The FX is a physical settlement in which both the buy and sell currencies will move on the settlement (value) day.

CODES

In option H, if Qualifier is APER, Indicator must contain one of the following codes :

NOPE

The instruction is for the partial or final closing of a forward currency contract.

OPEF

The instruction is for the opening of a forward currency contract.

CODES

In option H, if Qualifier is PAFI, Indicator must contain one of the following codes :

FINA

Final settlement. This is the final close of a forward currency contract.

PAIN

Partial settlement. This is the partial close of a forward currency contract.

CODES

In option H, if Qualifier is NEGR, Indicator must contain one of the following codes :

GRSC

The contract will be settled gross.

NETC

The contract will be settled net.

UNKN

It is unknown whether the contract will be settled net or gross.

CODES

If Qualifier is TRAD, the Data Source Scheme should be used to indicate the reason for trading followed by a code defined by the authority requesting the reporting.

Eg :22F::TRAD/BOTH/AAAA where AAAA corresponds to a code defined by Bank of Thailand.