SWIFT ISO15022 Norm
Detailansicht für Nachricht MT340 - Bestätigung eines Forward Rate Agreements
Verwendung der Nachricht MT340 
Confirms the details of a forward rate agreement
Anwendungsfeld der Nachricht MT340
This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a forward rate agreement (FRA).
The confirmed transaction is covered by an ISDA (International Swaps and Derivatives Association), Deutscher Rahmenvertrag für Finanztermingeschäfte, FRABBA (British Bankers' Association) or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation.
A money broker may also send this message to the two parties (party A and party B) for which he arranged the deal.
If there are two money brokers involved in arranging a deal between party A and party B, this message is also exchanged between these money brokers.
The message is used to confirm/notify the details of:
- a new contract between the parties
- an amendment to a previously agreed contract
- the cancellation of a confirmation.
It may also be used to report the details of an agreement to a trade repository.
Struktur der Nachricht MT340
Definition
This field specifies the start of mandatory sequence A General Information.
2
20
Sender's Reference
M
Definition
This field specifies the reference assigned by the Sender to unambiguously identify the message.
Definition
This field contains the identification of the message to which the current message is related.
4
22A
Type of Operation
M
Definition
This field specifies the function of the message.
5
94A
Scope of Operation
O
Definition
This field specifies the role of the Sender and the Receiver of the message in the conclusion of the confirmed trade.
Definition
This field contains a reference common to both the Sender and the Receiver.
Format
| Option C | 4!a2!c4!n4!a2!c | (Party Prefix 1)(Party Suffix 1)(Reference Code)(Party Prefix 2)(Party Suffix 2) |
Definition
This field specifies the type of FRA being confirmed.
8
21N
Contract Number Party A
O
Definition
This field specifies the contract number of the transaction from party A's viewpoint.
Format
| Option N | 16x | (Contract Number) |
9
21B
Contract Number Party B
O
Definition
This field specifies the contract number of the transaction from party B's viewpoint.
Format
| Option B | 16x | (Contract Number) |
Definition
This field identifies party A.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
Definition
This field identifies party B.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
12
77H
Type, Date, Version of the Agreement
M
Definition
This field specifies the type of the agreement covering the transaction. It is followed by the date on which the agreement was signed and the version of the agreement.
Format
| Option H | 6a[/8!n][//4!n] | (Type of Agreement)(Date)(Version) |
13
14C
Year of Definitions
C
Definition
This field specifies the year of the version of the ISDA Terms and Definitions applicable to the MT 340 Forward Rate Agreement Confirmation.
Definition
This field specifies the start of mandatory sequence B Transaction Details.
Definition
This field specifies the date the transaction was agreed between party A and party B.
16
32B
Currency, Notional Amount
M
Definition
This field specifies the currency and notional amount of the FRA.
Format
| Option B | 3!a15d | (Currency)(Amount) |
Definition
This field specifies for FRABBA FRA's, the settlement date or, for ISDA FRA's, the Effective Date of the FRA.
18
30P
Termination Date
M
Definition
This field specifies for FRABBA FRA's, the maturity date or, for ISDA FRA's, the termination date of the FRA.
Definition
This field specifies for FRABBA FRA's, the contract rate or, for ISDA FRA's, the fixed rate of the FRA.
Format
| Option M | [N]12d | (Sign)(Rate) |
20
14F
Floating Rate Option
M
Definition
This field specifies the Floating Rate Option of the FRA.
For an ISDA Master (Type in field 77H = ISDA), this field specifies the Floating Rate Option as per Section 7.1 of the 2006 ISDA Definitions (as updated, amended or adjusted from time to time).
Definition
This field specifies the fixing date of the settlement rate.
Definition
This field specifies the number of days between the settlement date and the maturity date.
23
38G
Designated Maturity
M
Definition
This field specifies the designated maturities of the rate source.
For an ISDA Master (Type in field 77H = ISDA), this field specifies the Designated Maturity as per ISDA definitions.
Format
| Option G | 2n1!a/2n1!a | (Number From)(Period From)(Number To)(Period To) |
24
14D
Floating Rate Day Count Fraction
M
Definition
This field specifies the number of days taken into account for the calculation of the interest.
For an ISDA Master (Type in field 77H = ISDA), this field specifies the Day Count Fraction as per ISDA definitions.
Format
| Option D | 7x | (Day Count Fraction) |
Definition
This field specifies whether FRA discounting is applicable or not.
26
18A
Number of Repetitions
M
Definition
This field specifies the number of financial centres in the same sequence.
27
22B
Financial Centre
M
Definition
This field specifies the financial centres (Business Days as per ISDA definitions) used to adjust the dates.
Format
| Option B | 4!c | (Financial Centre) |
Definition
This field specifies the start of mandatory sequence C Settlement Instructions for Settlement Amount Payable by Party B.
29
53a
A
Delivery Agent
O
Definition
This field identifies the financial institution from which party B will transfer the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
30
86a
A
Intermediary 2
C
Definition
This field identifies the second intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field identifies the first intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
32
57a
A
Receiving Agent
M
Definition
This field identifies the financial institution and account where party A will receive the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
33
58a
A
Beneficiary Institution
O
Definition
This field specifies the institution in favour of which the payment is made when different from party A.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field specifies the start of mandatory sequence D Settlement Instructions for Settlement Amount Payable by Party A.
35
53a
A
Delivery Agent
O
Definition
This field identifies the financial institution from which party A will transfer the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
36
86a
A
Intermediary 2
C
Definition
This field identifies the second intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field identifies the first intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
38
57a
A
Receiving Agent
M
Definition
This field identifies the financial institution and account where party B will receive the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
39
58a
A
Beneficiary Institution
O
Definition
This field specifies the institution in favour of which the payment is made if different from party B.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field specifies the start of conditional sequence E Additional Information.
41
29A
Contact Information
C
Definition
This field specifies the name and/or telephone number of the person the Receiver may contact for any queries concerning this transaction.
Definition
This field specifies how the deal was agreed.
Format
| Option D | 4!c[/35x] | (Method)(Additional Information) |
43
88a
A
Broker Identification
C
Definition
This field identifies the broker who arranged the deal between party A and party B or, when two money brokers are involved, between party A and the other money broker.
For matching purposes, option A must be used when available.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
44
71F
Broker's Commission
C
Definition
This field specifies the brokerage fee for a broker confirmation.
Format
| Option F | 3!a15d | (Currency)(Amount) |
45
21G
Broker's Reference
C
Definition
This field specifies the broker's reference of the trade.
46
72
Sender to Receiver Information
C
Definition
This field specifies additional information for the Receiver and applies to the whole messages.
Format
| 6*35x | (Narrative Structured Format) |
Definition
This field specifies the start of optional sequence F Additional Amounts.
48
18A
Number of Repetitions
M
Definition
This field specifies the number of times fields 30F Payment Date and 32H Currency, Payment Amount are present in this sequence.
Definition
This field specifies the payment dates of the additional amounts.
50
32H
Currency, Payment Amount
M
Definition
This field specifies the amount of a fee.
Format
| Option H | [N]3!a15d | (Sign)(Currency)(Amount) |
51
53a
A
Delivery Agent
O
Definition
This field identifies the financial institution from which the payer will transfer the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
52
86a
A
Intermediary 2
C
Definition
This field identifies the second intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field identifies the first intermediary institution for the transfer of the funds.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
54
57a
A
Receiving Agent
M
Definition
This field identifies the financial institution and account where the option seller will receive the premium.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
Definition
This field specifies the start of optional sequence G Reporting Information.
56
22L
Reporting Jurisdiction
M
Definition
This field specifies the supervisory party to which the trade needs to be reported.
Format
| Option L | 35x | (Reporting Jurisdiction) |
57
91a
A
Reporting Party
O
Definition
This field identifies the party that is responsible for reporting the trade to the trade repository.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
58
22M
UTI Namespace/Issuer Code
M
Definition
This field specifies a unique code that identifies the registered entity creating the unique transaction identifier.
59
22N
Transaction Identifier
M
Definition
This field specifies - in combination with the namespace - the unique transaction identifier to be created at the time a transaction is first executed, shared with all registered entities and counterparties involved in the transaction, and used to track that particular transaction over its life.
60
22P
PUTI Namespace/Issuer Code
M
Definition
This field specifies the registered entity that created the previous unique transaction identifier at the time the transaction was executed.
61
22R
Prior Transaction Identifier
M
Definition
This field specifies - in combination with the namespace - the previous unique transaction identifier that was created at the time a transaction was executed.
62
96a
A
Clearing Exception Party
O
Definition
This field identifies the party that is exempt from a clearing obligation.
Format
| Option A | [/1!a][/34x]
4!a2!a2!c[3!c] | (Party Identifier)
(Identifier Code) |
| Option D | [/1!a][/34x]
4*35x | (Party Identifier)
(Name and Address) |
| Option J | 5*40x | (Party Identification) |
63
22S
Clearing Broker Identification
O
Definition
This field specifies the identification assigned to the clearing broker. A distinction can be made between the identification for the Central Counterparty (CCP) leg and the identification for the client leg of the transaction.
Format
| Option S | 1!a/35x | (Side Indicator)(Identification) |
64
22T
Cleared Product Identification
O
Definition
This field specifies the product identification assigned by the Central Counterparty (CCP).
Format
| Option T | 35x | (Identification) |
65
17E
Clearing Threshold Indicator
O
Definition
This field specifies whether the contract is above or below the clearing threshold.
66
22U
Underlying Product Identifier
O
Definition
This field specifies the underlying product type.
Format
| Option U | 6a | (Product Identifier) |
67
17H
Allocation Indicator
O
Definition
This field specifies whether the trade is a post-allocation or a pre-allocation trade, or whether the trade is unallocated.
68
17P
Collateralisation Indicator
O
Definition
This field specifies whether the transaction is collateralised.
Definition
This field specifies the trading venue of the transaction.
70
98D
Execution Timestamp
O
Definition
This field specifies the date and time of the execution of the transaction in Coordinated Universal Time (UTC).
Format
| Option D | 8!n6!n[,3n][/[N]2!n[2!n]] | (Date)(Time)(Decimals)(UTC Indicator) |
71
17W
Non Standard Flag
O
Definition
This field specifies whether the reportable transaction has one or more additional terms or provisions, other than those listed in the required real-time data fields, that materially affects the price of the reportable transaction.
72
17Y
Financial Nature of the Counterparty Indicator
O
Definition
This indicator specifies the financial nature of the reporting counterparty.
73
17Z
Collateral Portfolio Indicator
O
Definition
This indicator specifies if the collateral is posted on a portfolio basis.
74
22Q
Collateral Portfolio Code
C
Definition
The field identifies the portfolio code to which the trade belongs if the collateral is posted on a portfolio basis (and not trade by trade).
75
17L
Portfolio Compression Indicator
O
Definition
This field indicates if the trade results from portfolio compression.
76
17M
Corporate Sector Indicator
O
Definition
This field specifies the corporate sector of the counterparty.
77
17Q
Trade with Non-EEA Counterparty Indicator
O
Definition
This field specifies whether the counterparty has entered into a trade with a non-EEA counterparty that is not subject to the reporting obligation.
78
17S
Intragroup Trade Indicator
O
Definition
To indicate if a reported trade falls under the definition of intragroup transaction, as defined by ESMA in the Technical Standards.
79
17X
Commercial or Treasury Financing Indicator
O
Definition
This field specifies whether the contract is objectively measurable as directly linked to the non-financial counterparty's commercial or treasury financing activity.
80
77A
Additional Reporting Information
O
Definition
This field specifies additional information that might be required by the regulator.
Format
| Option A | 20*35x | (Narrative) |
