SWIFT ISO15022 Standard
Detail view for message MT365 - Cross Currency Interest Rate Swap Termination/Recouponing Confirmation
Purpose of the message MT365
Confirms the details of the partial or full termination or recouponing of a cross currency interest rate swap
Scope of the message MT365
This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to the termination, partial termination or recouponing of a cross currency interest rate swap. The terminated/recouponed transaction is covered by a BBAIRS, ISDA or another bilateral agreement.
The message may be used to:
- confirm the details of the partial or full termination of an existing transaction between the parties
- confirm the details of the recouponing of an existing transaction
- correct a previously sent termination/recouponing
- cancel a previously sent termination/recouponing.
Structure of the message MT365
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
22B
Type of Event
M
7
22C
Common Reference
M
8
23A
Identification of the Swap
M
9
21N
Contract Number Party A
M
10
21B
Contract Number Party B
O
11
30T
Termination/Recouponing Trade Date
M
12
30Q
Termination/Recouponing Effective Date
M
13
30P
Original Termination Date
M
14
30V
Original Effective Date
M
15
32B
Party B Current Currency, Notional Amount
M
16
33B
Party A Current Currency, Notional Amount
M
17
82a
A
Party A
M
D
18
87a
A
Party B
M
D
19
83a
A
Fund or Instructing Party
O
D
J
20
22D
Accrual of Interest Specification
C
21
32G
Party B New Currency, Notional Amount
C
22
33E
Party A New Currency, Notional Amount
C
23
37N
Details of Interest Rate
C
24
29A
Contact Information
O
25
72
Sender to Receiver Information
O
Sequence B - Fixed Interest Payable by Party B [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
26
15B
New Sequence
M
27
37M
Current Fixed Rate
M
28
37G
New Fixed Rate
C
Sequence E - Fixed Interest Payable by Party A [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
29
15E
New Sequence
M
30
37M
Current Fixed Rate
M
31
37G
New Fixed Rate
C
Sequence J - Re-exchange of principal Payable by Party B [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
32
15J
New Sequence
M
33
30F
Payment Date
M
34
32M
Currency, Payment Amount
M
35
53a
A
Delivery Agent
O
D
36
56a
A
Intermediary
O
D
37
86a
A
Second intermediary
C
D
38
57a
A
Receiving Agent
M
D
Sequence K - Re-exchange of principal Payable by Party A [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
39
15K
New Sequence
M
40
30F
Payment Date
M
41
32M
Currency, Payment Amount
M
42
53a
A
Delivery Agent
O
D
43
56a
A
Intermediary
O
D
44
86a
A
Second intermediary
C
D
45
57a
A
Receiving Agent
M
D
Sequence L - Fee payable by Party B [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
46
15L
New Sequence
M
47
30F
Payment Date
M
48
32M
Currency, Payment Amount
M
49
53a
A
Delivery Agent
O
D
50
56a
A
Intermediary
O
D
51
86a
A
Second intermediary
C
D
52
57a
A
Receiving Agent
M
D
Sequence M - Fee payable by Party A [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
53
15M
New Sequence
M
54
30F
Payment Date
M
55
32M
Currency, Payment Amount
M
56
53a
A
Delivery Agent
O
D
57
56a
A
Intermediary
O
D
58
86a
A
Second intermediary
C
D
59
57a
A
Receiving Agent
M
D