SWIFT ISO15022 Standard
Detail view for message MT600 - Commodity Trade Confirmation
Purpose of the message MT600
Confirms the details of a commodity trade and its settlement
Scope of the message MT600
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 trade. This message is also used when one of the trading 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 settlement of a commodity option which has been exercised.
This message may also be exchanged to confirm the liquidation of a forward deal.
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, (for example, to provide the name of the party in field 57a and/or 87a, in those cases where the previous confirmation contained the code UNKNOWN).
It may also be used to report the details of a contract to a trade repository.
Structure of the message MT600
Sequence A - Details of the Contract [ 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
94A
Scope of Operation
O
6
82a
A
Party A
M
D
J
7
87a
A
Party B
M
D
J
8
83a
A
Fund or Beneficiary Customer
O
D
J
9
30
Date Contract Agreed/Amended
M
10
26C
Identification of the Commodity
M
11
26H
Counterparty's Reference
O
12
33G
Price per Unit
M
13
71C
Details of Adjustments
O
14
77H
Type, Date, Version of the Agreement
M
15
77D
Terms and Conditions
C
16
14C
Year of Definitions
O
17
72
Sender to Receiver Information
O
Sequence B - Commodity Bought [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
18
15B
New Sequence
M
19
32F
Quantity of the Commodity
M
20
86a
A
Intermediary
O
B
D
21
87a
A
Receiver of the Commodity
M
B
D
22
34P
Consideration
M
23
53a
A
Sender's Correspondent
O
B
D
24
56a
A
Intermediary
O
B
D
25
57a
A
Account With Institution
M
B
D
Sequence C - Commodity Sold [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
26
15C
New Sequence
M
27
32F
Quantity of the Commodity
M
28
86a
A
Intermediary
O
B
D
29
87a
A
Deliverer of the Commodity
M
B
D
30
34R
Consideration
M
31
56a
A
Intermediary
O
B
D
32
57a
A
Account With Institution
M
B
D
Sequence D - Reporting Information [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
33
15D
New Sequence
M
Sequence D1 - Reporting Parties [ optional, repetitive ]
No.
Tag
Option
Name
Status
34
22L
Reporting Jurisdiction
M
35
91a
A
Reporting Party
O
D
J
Sequence D1a - Unique Transaction Identifier [ optional, repetitive ]
No.
Tag
Option
Name
Status
36
22M
UTI Namespace/Issuer Code
M
37
22N
Transaction Identifier
M
Sequence D1a1 - Prior Unique Transaction Identifier [ optional, repetitive ]
No.
Tag
Option
Name
Status
38
22P
PUTI Namespace/Issuer Code
M
39
22R
Prior Transaction Identifier
M
40
96a
A
Clearing Exception Party
O
D
J
41
22S
Clearing Broker Identification
O
42
22T
Cleared Product Identification
O
43
17E
Clearing Threshold Indicator
O
44
22U
Underlying Product Identifier
O
45
17H
Allocation Indicator
O
46
17P
Collateralisation Indicator
O
47
22V
Execution Venue
O
48
98D
Execution Timestamp
O
49
17W
Non Standard Flag
O
50
17Y
Financial Nature of the Counterparty Indicator
O
51
17Z
Collateral Portfolio Indicator
O
52
22Q
Collateral Portfolio Code
C
53
17L
Portfolio Compression Indicator
O
54
17M
Corporate Sector Indicator
O
55
17Q
Trade with Non-EEA Counterparty Indicator
O
56
17S
Intragroup Trade Indicator
O
57
17X
Commercial or Treasury Financing Indicator
O
58
77A
Additional Reporting Information
O