Standard SWIFT ISO15022
Vue de détail du message MT601 -

Utilisation du message MT601

Confirms the details of a commodity option contract

Scope du message MT601

This message type is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a commodity option contract. This message is also used when one of the parties is a fund manager.

It is used to confirm the details of

a new contract between the parties
an amendment to a previously agreed contract
the cancellation of a contract
the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

In some cases, only one of the financial institutions involved in a contract will send a confirmation to the second financial institution. These cases include:

retransmission due to errors in a previously sent confirmation
additional information about a previously confirmed contract.

It may also be used to report the details of a contract to a trade repository.

Structure du message MT601

Afficher seulement les champs obligatoires

Séquence A - General information [ obligatoire, non répétitive ]

No.

Tag

Option

Nom

Statut

15A

New Sequence

Définition

This field specifies the start of mandatory sequence A General Information.

Format

Option A

Empty field

Transaction Reference Number

Définition

This field specifies the Sender's reference to the commodity deal.

Format

16x

Related Reference

Définition

This field specifies the related reference to the commodity deal.

Format

16x

Code/Common Reference

Définition

This field identifies the function of the message and contains the reference of the contract common to both the Sender and Receiver.

Format

8a/4!a2!c4!n4!a2!c

(Code)(Common Reference)

94A

Scope of Operation

Définition

This field specifies the role of the Sender and the Receiver of the message in the execution of the confirmed trade.

Format

Option A

4!c

(Scope)

82a

Party A

Définition

This field identifies party A.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)
Option J	5*40x	(Party Identification)

87a

Party B

Définition

This field identifies party B.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)
Option J	5*40x	(Party Identification)

83a

Fund or Beneficiary Customer

Définition

This field specifies the fund or beneficiary customer.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)
Option J	5*40x	(Party Identification)

Further Identification

Définition

This field specifies whether, from the Sender's point of view, the option is sold or bought, is a put or a call, will exercise manually or automatically. It also indicates the style of the option.

Format

16x

Date Contract Agreed/Amended

Définition

This field contains the date when the contract or amendment to it (for example, code AMEND in field 22) was agreed between the dealers.

Format

6!n

(Date)

26C

Identification of the Commodity

Définition

This field specifies the underlying commodity of the option contract.
Subfield 4, Type, identifies the commodity or coin.

Format

Option C

[3!a]/15x/5!a4!a[4x][//8x]

31C

Earliest Exercise Date

Définition

This field is used in an American style option to specify the earliest date the exercise of the option may be requested.

Format

Option C

6!n

(Date)

31G

Expiry Details

Définition

This field specifies the date, time and location at which the option expires.

Format

Option G

6!n/4!n/12a

(Date)(Time)(Location)

31E

Final Settlement Date

Définition

This field specifies the (latest) value date of the commodity deal in which the option may result.

Format

Option E

6!n

(Date)

26F

Settlement Type

Définition

This field indicates how settlement is to be effected.

Format

Option F

(Type)

32F

Unit and Amount of the Commodity

Définition

This field specifies the type of unit and the quantity of the underlying commodity.

Format

Option F

3!a15d

(Unit)(Amount)

32B

Strike Price

Définition

This field specifies the currency code and the strike price per unit of the underlying commodity.

Format

Option B

3!a15d

(Currency)(Price)

33B

Premium Price

Définition

This field specifies the currency code and amount of the premium price per unit of the underlying commodity.

Format

Option B

3!a15d

(Currency)(Price)

34a

Premium Payment

Définition

This field specifies the value date, currency code and premium amount which the buyer pays to the seller for the option.
The option letter indicates, from the Sender's point of view, the direction of the payment of the premium:

P: Paid, that is, the Sender pays the premium.
R: Received, that is, the Sender receives the premium.

Format

Option P	6!n3!a15d	(Date)(Currency)(Amount)
Option R	6!n3!a15d	(Date)(Currency)(Amount)

53a

Sender's Correspondent

Définition

This field identifies the financial institution from which the Sender will transfer the premium amount specified in field 34P to the financial institution specified in field 57a.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option B	[/1!a][/34x] [35x]	(Party Identifier) (Location)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)

56a

Intermediary

Définition

This field specifies the intermediary institution for the transfer of the premium.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option B	[/1!a][/34x] [35x]	(Party Identifier) (Location)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)

57a

Account With Institution

Définition

This field identifies the financial institution and account where the receiver of the premium wishes to receive the amount specified in field 34a.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option B	[/1!a][/34x] [35x]	(Party Identifier) (Location)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)

77H

Type, Date, Version of the Agreement

Définition

This field specifies the type of the Agreement covering the transaction. It is followed by the date on which the Agreement was signed and the version of the Agreement.

Format

Option H

6a[/8!n][//4!n]

(Type)(Date)(Version)

77D

Terms and Conditions

Définition

This field contains additional information concerning the terms and conditions of the underlying agreement.

Format

Option D

6*35x

(Narrative)

14C

Year of Definitions

Définition

This field specifies the year of the version of the Agreement's definitions applicable to the MT601 Commodity Option Confirmation.
If an ISDA Master Agreement applies, that is, the Master Agreement (Type in field 77H) is equal to ISDA, this field specifies the year of the ISDA Terms and Definitions.

Format

Option C

4!n

(Year)

Sender to Receiver Information

Définition

This field specifies additional information for the Receiver.

Format

6*35x

(Narrative)

Séquence B - Reporting Information [ facultative, non répétitive ]

No.

Tag

Option

Nom

Statut

15B

New Sequence

Définition

This field specifies the start of optional sequence B Reporting Information.

Format

Option B

Empty field

Séquence B1 - Reporting Parties [ facultative, répétitive ]

No.

Tag

Option

Nom

Statut

22L

Reporting Jurisdiction

Définition

This field specifies the supervisory party to which the trade needs to be reported.

Format

Option L

35x

(Reporting Jurisdiction)

91a

Reporting Party

Définition

This field identifies the party that is responsible for reporting the trade to the trade repository.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)
Option J	5*40x	(Party Identification)

Séquence B1a - Unique Transaction Identifier [ facultative, répétitive ]

No.

Tag

Option

Nom

Statut

22M

UTI Namespace/Issuer Code

Définition

This field specifies a unique code that identifies the registered entity creating the unique transaction identifier.

Format

Option M

30x

(Namespace)

22N

Transaction Identifier

Définition

This field specifies - in combination with the namespace - the unique transaction identifier to be created at the time a transaction is first executed, shared with all registered entities and counterparties involved in the transaction, and used to track that particular transaction over its life.

Format

Option N

32x

Séquence B1a1 - Prior Unique Transaction Identifier [ facultative, répétitive ]

No.

Tag

Option

Nom

Statut

22P

PUTI Namespace/Issuer Code

Définition

This field specifies the registered entity that created the previous unique transaction identifier at the time the transaction was executed.

Format

Option P

30x

(Namespace)

22R

Prior Transaction Identifier

Définition

This field specifies - in combination with the namespace - the previous unique transaction identifier that was created at the time a transaction was executed.

Format

Option R

32x

96a

Clearing Exception Party

Définition

This field identifies the party that is exempt from a clearing obligation.

Format

Option A	[/1!a][/34x] 4!a2!a2!c[3!c]	(Party Identifier) (Identifier Code)
Option D	[/1!a][/34x] 4*35x	(Party Identifier) (Name and Address)
Option J	5*40x	(Party Identification)

22S

Clearing Broker Identification

Définition

This field specifies the identification assigned to the clearing broker. A distinction can be made between the identification for the Central Counterparty (CCP) leg and the identification for the client leg of the transaction.

Format

Option S

1!a/35x

(Side Indicator)(Identification)

22T

Cleared Product Identification

Définition

This field specifies the product identification assigned by the Central Counterparty (CCP).

Format

Option T

35x

(Identification)

17E

Clearing Threshold Indicator

Définition

This field specifies whether the contract is above or below the clearing threshold.

Format

Option E

1!a

(Indicator)

22U

Underlying Product Identifier

Définition

This field specifies the underlying product type.

Format

Option U

(Product Identifier)

17H

Allocation Indicator

Définition

This field specifies whether the trade is a post-allocation or a pre-allocation trade, or whether the trade is unallocated.

Format

Option H

1!a

(Indicator)

17P

Collateralisation Indicator

Définition

This field specifies whether the transaction is collateralised.

Format

Option P

1!a

(Indicator)

22V

Execution Venue

Définition

This field specifies the trading venue of the transaction.

Format

Option V

35x

98D

Execution Timestamp

Définition

This field specifies the date and time of the execution of the transaction in Coordinated Universal Time (UTC).

Format

Option D

8!n6!n[,3n][/[N]2!n[2!n]]

(Date)(Time)(Decimals)(UTC Indicator)

17W

Non Standard Flag

Définition

This field specifies whether the reportable transaction has one or more additional terms or provisions, other than those listed in the required real-time data fields, that materially affects the price of the reportable transaction.

Format

Option W

1!a

(Flag)

17Y

Financial Nature of the Counterparty Indicator

Définition

This indicator specifies the financial nature of the reporting counterparty.

Format

Option Y

1!a

(Indicator)

17Z

Collateral Portfolio Indicator

Définition

This indicator specifies if the collateral is posted on a portfolio basis.

Format

Option Z

1!a

(Indicator)

22Q

Collateral Portfolio Code

Définition

The field identifies the portfolio code to which the trade belongs if the collateral is posted on a portfolio basis (and not trade by trade).

Format

Option Q

10x

(Portfolio)

17L

Portfolio Compression Indicator

Définition

This field indicates if the trade results from portfolio compression.

Format

Option L

1!a

(Indicator)

17M

Corporate Sector Indicator

Définition

This field specifies the corporate sector of the counterparty.

Format

Option M

1!a

(Indicator)

17Q

Trade with Non-EEA Counterparty Indicator

Définition

This field specifies whether the counterparty has entered into a trade with a non-EEA counterparty that is not subject to the reporting obligation.

Format

Option Q

1!a

(Indicator)

17S

Intragroup Trade Indicator

Définition

To indicate if a reported trade falls under the definition of intragroup transaction, as defined by ESMA in the Technical Standards.

Format

Option S

1!a

(Indicator)

17X

Commercial or Treasury Financing Indicator

Définition

This field specifies whether the contract is objectively measurable as directly linked to the non-financial counterparty's commercial or treasury financing activity.

Format

Option X

1!a

(Indicator)

77A

Additional Reporting Information

Définition

This field specifies additional information that might be required by the regulator.

Format

Option A

20*35x

(Narrative)

◄ MT600 - Commodity Trade Confirmation

MT604 - Commodity Transfer/Delivery Order ►

Standard SWIFT ISO15022Vue de détail du message MT601 -

Utilisation du message MT601

Scope du message MT601

Structure du message MT601

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Définition

Format

Standard SWIFT ISO15022
Vue de détail du message MT601 -