SWIFT ISO15022 Standard
Detail view for message MT305 - Foreign Currency Option Confirmation
Purpose of the message MT305
Confirms information agreed to in the buying and selling of options on currencies
Scope of the message MT305
This message type is exchanged by or on behalf of the institutions or corporate customers, party A and party B, which have agreed to a foreign currency option contract.
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 confirmation
- the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.
It may also be used to report the details of a contract to a trade repository.
Structure of the message MT305
Sequence A - General information [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
1
15A
New Sequence
M
2
20
Transaction Reference Number
M
3
21
Related Reference
M
4
22
Code/Common Reference
M
5
23
Further Identification
M
6
94A
Scope of Operation
O
7
82a
A
Party A
M
D
J
8
87a
A
Party B
M
D
J
9
83a
A
Fund or Beneficiary Customer
O
D
J
10
30
Date Contract Agreed/Amended
M
11
31C
Earliest Exercise Date
C
12
31G
Expiry Details
M
13
31E
Final Settlement Date
M
14
26F
Settlement Type
M
15
14S
Settlement Rate Source
O
16
32B
Underlying Currency and Amount
M
17
36
Strike Price
M
18
33B
Counter Currency and Amount
M
19
37K
Premium Price
M
20
34a
P
Premium Payment
M
R
21
53a
A
Sender's Correspondent
O
B
D
22
56a
A
Intermediary
O
D
23
57a
A
Receiving Agent
M
D
24
77H
Type, Date, Version of the Agreement
O
25
14C
Year of Definitions
O
26
72
Sender to Receiver Information
O
Sequence B - Reporting Information [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
27
15B
New Sequence
M
Sequence B1 - Reporting Parties [ optional, repetitive ]
No.
Tag
Option
Name
Status
28
22L
Reporting Jurisdiction
M
29
91a
A
Reporting Party
O
D
J
Sequence B1a - Unique Transaction Identifier [ optional, repetitive ]
No.
Tag
Option
Name
Status
30
22M
UTI Namespace/Issuer Code
M
31
22N
Transaction Identifier
M
Sequence B1a1 - Prior Unique Transaction Identifier [ optional, repetitive ]
No.
Tag
Option
Name
Status
32
22P
PUTI Namespace/Issuer Code
M
33
22R
Prior Transaction Identifier
M
34
81a
A
Central Counterparty Clearing House (CCP)
O
D
J
35
89a
A
Clearing Broker
O
D
J
36
96a
A
Clearing Exception Party
O
D
J
37
22S
Clearing Broker Identification
O
38
22T
Cleared Product Identification
O
39
17E
Clearing Threshold Indicator
O
40
22U
Underlying Product Identifier
O
41
17H
Allocation Indicator
O
42
17P
Collateralisation Indicator
O
43
22V
Execution Venue
O
44
98D
Execution Timestamp
O
45
17W
Non Standard Flag
O
46
17Y
Financial Nature of the Counterparty Indicator
O
47
17Z
Collateral Portfolio Indicator
O
48
22Q
Collateral Portfolio Code
C
49
17L
Portfolio Compression Indicator
O
50
17M
Corporate Sector Indicator
O
51
17Q
Trade with Non-EEA Counterparty Indicator
O
52
17S
Intragroup Trade Indicator
O
53
17X
Commercial or Treasury Financing Indicator
O
54
77A
Additional Reporting Information
O