SWIFT ISO15022 Standard
Detail view for message MT303 - Forex/Currency Option Allocation Instruction
Purpose of the message MT303
Instructs the allocation of a block trade (forex or currency option)
Scope of the message MT303
This message is sent by an instructing party, for example, a fund manager, or its authorised representative, to an executing broker to instruct the allocation of either a block foreign exchange trade or a block currency option.
The MT 303 contains both the terms of the block trade and the individual allocations.
The executing party will reply by sending separate MT 300 Foreign Exchange Confirmations confirming each individual allocation.
The message may be sent to
- cancel and amend the block trade and the complete set of allocations
- amend a number of individual allocations.
Structure of the message MT303
Sequence A - General information [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
15A
New Sequence
M
2
20
Sender's Reference
M
3
21
Related Reference
C
4
22A
Type of Operation
M
5
94A
Scope of Operation
M
6
22
Common Reference
C
7
82a
A
Fund Manager
M
D
J
8
87a
A
Executing Broker
M
D
J
9
29A
Contact Information
O
10
72
Sender to Receiver Information
O
Sequence B - Forex Transaction Details [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
11
15B
New Sequence
M
12
30T
Trade Date
M
13
30V
Value Date
M
14
36
Exchange Rate
M
15
32B
Currency, Amount Bought
M
16
33B
Currency, Amount Sold
M
17
77D
Terms and Conditions
O
Sequence C - Currency Option Details [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
18
15C
New Sequence
M
19
23B
Identification of the Option
M
20
17A
Buy (Sell) Indicator
M
21
30T
Trade Date
M
22
30X
Earliest Exercise Date
C
23
30F
Final Settlement Date
O
24
29C
Expiry Location
M
25
13E
Expiry Date and Time
M
26
32B
Currency, Amount Bought
M
27
36A
Strike Price
M
28
33B
Currency, Amount Sold
M
29
39P
Premium Price
M
30
30P
Premium Payment Date
M
31
34B
Premium Currency and Amount
M
32
77D
Terms and Conditions
O
Sequence D - Allocation Details [ optional, repetitive ]
No.
Tag
Option
Name
Status
33
15D
New Sequence
M
34
28C
Entry Number, Page Number
M
35
21A
Reference of the Individual Allocation
M
36
83a
A
Fund
M
D
J
Sequence D1 - Amount Bought [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
37
32B
Currency, Amount Bought
M
38
53a
A
Delivery Agent
O
D
J
39
56a
A
Intermediary
O
D
J
40
57a
A
Receiving Agent
M
D
J
Sequence D2 - Amount Sold [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
41
33B
Currency, Amount Sold
M
42
53a
A
Delivery Agent
O
D
J
43
56a
A
Intermediary
O
D
J
44
57a
A
Receiving Agent
M
D
J
45
58a
A
Beneficiary Institution
O
D
J
Sequence D3 - Premium [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
46
34B
Premium Currency and Amount
M
47
53a
A
Delivery Agent
O
D
J
48
56a
A
Intermediary
O
D
J
49
57a
A
Receiving Agent
M
D
J
50
58a
A
Beneficiary Institution
O
D
J