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SWIFT ISO 15022 - Code AFWD

Meaning

  • Forward Foreign Exchange. The FX is a forward/hedge executed for a future date at a set price. The contract is opened and closed for the same value date resulting in a gain or loss. The result can be settled by netting the local base or both currencies, or by settling the gross/principal amount.

Usage

Message type
Field number
Tag
MT307
(Advice/Instruction of a Third Party FX Deal)
4
22a (Indicator)