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SWIFT ISO15022 Standard
Detail view for message MT362 - Interest Rate Reset/Advice of Payment

 Purpose of the message MT362

Confirms or advises the reset rates of the floating interest rate(s) in a single or cross-currency interest rate derivative transaction and/or the payment of interest at the end of an interest period

 Scope of the message MT362

This message is exchanged by or on behalf of the financial institutions, Party A and Party B, who have agreed to a single or cross currency interest rate derivative transaction, including caps, collars and floors.

This message may be used to:

  • advise the details of the determination of the floating interest rate(s)
  • advise the details of the payment of interest at the end of an interest period
  • cancel a previously sent reset/advice
  • correct errors in a previously sent reset/advice.

  Structure of the message MT362

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
O
6
22C
 
Common Reference
M
7
23A
 
Identification of the Swap
M
8
21N
 
Contract Number Party A
M
9
21B
 
Contract Number Party B
O
10
30V
 
Effective Date
M
11
30P
 
Termination Date
M
12
82a
A
Party A
M
 
 
D
 
 
13
87a
A
Party B
M
 
 
D
 
 
14
83a
A
Fund or Instructing Party
O
 
 
D
 
 
 
 
J
 
 
15
29A
 
Contact Information
O
16
72 
 
Sender to Receiver Information
O
Sequence B - Interest Rate/Principal Payable by Party B  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
17
15B
 
New Sequence
M
18
33F
 
Calculation Notional Currency and Amount
M
19
30X
 
Period Start Date
M
20
30Q
 
Period End Date
O
21
37G
 
Reset Rate
M
22
37V
 
Cap Rate
C
23
37G
 
Floor Rate
C
24
37R
 
Spread
M
25
37M
 
Total Rate
M
26
30F
 
Payment Date
M
27
32H
 
Currency, Interest Amount
O
28
32E
 
Currency, Principal Exchange Amount
O
29
37N
 
Details of Interest Rate
O
Sequence C - (Net) Amount(s) Payable by Party B  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
30
15C
 
New Sequence
M
31
18A
 
Number of Repetitions
M
32
30F
 
Payment Date
M
33
32M
 
Currency, Payment Amount
M
34
53a
A
Delivery Agent
O
 
 
D
 
 
35
56a
A
Intermediary
O
 
 
D
 
 
36
86a
A
Second intermediary
C
 
 
D
 
 
37
57a
A
Receiving Agent
M
 
 
D
 
 
Sequence D - Interest Rate/Principal Payable by Party A  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
38
15D
 
New Sequence
M
39
33F
 
Calculation Notional Currency and Amount
M
40
30X
 
Period Start Date
M
41
30Q
 
Period End Date
O
42
37G
 
Reset Rate
M
43
37V
 
Cap Rate
C
44
37G
 
Floor Rate
C
45
37R
 
Spread
M
46
37M
 
Total Rate
M
47
30F
 
Payment Date
M
48
32H
 
Currency, Interest Amount
O
49
32E
 
Currency, Principal Exchange Amount
O
50
37N
 
Details of Interest Rate
O
Sequence E - (Net) Amount(s) Payable by Party A  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
51
15E
 
New Sequence
M
52
18A
 
Number of Repetitions
M
53
30F
 
Payment Date
M
54
32M
 
Currency, Payment Amount
M
55
53a
A
Delivery Agent
O
 
 
D
 
 
56
56a
A
Intermediary
O
 
 
D
 
 
57
86a
A
Second intermediary
C
 
 
D
 
 
58
57a
A
Receiving Agent
M
 
 
D