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SWIFT ISO15022 Standard
Detail view for message MT306 - Foreign Currency Option Confirmation

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 Purpose of the message MT306

Confirms or notifies the details of a foreign currency option contract

 Scope of the message MT306

This message is exchanged to confirm a foreign currency option contract.

The confirmed transaction is covered by an ICOM (International Currency Option Master from the British Bankers' Association), ISDA (International Swaps and Derivatives Association), Deutsche Rahmenvertrag, IFEMA, FEOMA or AFB (Association Française de Banques) Master Agreement. These agreements are either signed or under negotiation. The message also caters for deals that are not covered by the above agreements.

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,
  • a trigger event: knock-in/knock-out of an option, hitting of a trigger level,
  • the close out of an option.

It may also be used to report the details of a contract to a trade repository.

This message is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a foreign currency option contract.

  Structure of the message MT306

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
21N
 
Contract Number Party A
M
8
21B
 
Contract Number Party B
O
9
12F
 
Option Style
M
10
12E
 
Expiration Style
M
11
12D
 
Option Type
O
12
17A
 
Barrier Indicator
M
13
17F
 
Non-Deliverable Indicator
M
14
22K
 
Type of Event
M
15
30U
 
Date of Trigger Hit
C
16
29H
 
Location of Trigger Hit
C
17
82a
A
Party A
M
 
 
D
 
 
 
 
J
 
 
18
87a
A
Party B
M
 
 
D
 
 
 
 
J
 
 
19
83a
A
Fund or Beneficiary Customer
O
 
 
D
 
 
 
 
J
 
 
20
77H
 
Type, Date, Version of the Agreement
M
21
77D
 
Additional Conditions
C
22
14C
 
Year of Definitions
O
Sequence B - Transaction Details  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
23
15B
 
New Sequence
M
24
17V
 
Buy (Sell) Indicator
M
25
30T
 
Trade Date
M
26
30X
 
Expiration Date
M
27
29E
 
Expiration Location and Time
M
28
30a
F
Final Settlement Date
M
 
 
J
 
 
29
14S
 
Settlement Rate Source
O
Sequence B1 - Premium Details  [ optional, repetitive ]
No.
Tag
Option
Name
Status
30
37K
 
Premium Price
O
31
30V
 
Premium Payment Date
M
32
34B
 
Premium Currency and Amount
M
Sequence B2 - Calculation Agent  [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
33
84a
A
Calculation Agent
M
 
 
B
 
 
 
 
D
 
 
 
 
J
 
 
Sequence C - Settlement Instructions for Payment of Premium  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
34
15C
 
New Sequence
M
35
53a
A
Delivery Agent
O
 
 
D
 
 
 
 
J
 
 
36
86a
A
Intermediary 2
C
 
 
D
 
 
 
 
J
 
 
37
56a
A
Intermediary
O
 
 
D
 
 
 
 
J
 
 
38
57a
A
Receiving Agent
M
 
 
D
 
 
 
 
J
 
 
39
58a
A
Beneficiary Institution
O
 
 
D
 
 
 
 
J
 
 
Sequence D - Vanilla Block  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
40
15D
 
New Sequence
M
41
30P
 
Earliest Exercise Date
C
42
30Q
 
Intermediate Exercise Date
C
43
26F
 
Settlement Type
M
44
32B
 
Put Currency and Amount
M
45
36 
 
Strike Price
M
46
33B
 
Call Currency and Amount
M
Sequence E - Payout Amount  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
47
15E
 
New Sequence
M
48
33E
 
Currency, Amount
M
49
30H
 
Touch Payment Date
C
50
53a
A
Delivery Agent
O
 
 
D
 
 
 
 
J
 
 
51
86a
A
Intermediary 2
C
 
 
D
 
 
 
 
J
 
 
52
56a
A
Intermediary
O
 
 
D
 
 
 
 
J
 
 
53
57a
A
Receiving Agent
M
 
 
D
 
 
 
 
J
 
 
54
58a
A
Beneficiary Institution
O
 
 
D
 
 
 
 
J
 
 
Sequence F - Barrier Block  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
55
15F
 
New Sequence
M
56
22G
 
Type of Barrier
M
57
37J
 
Barrier Level
M
58
37L
 
Lower Barrier Level
C
Sequence F1 - Barrier Window Block  [ optional, repetitive ]
No.
Tag
Option
Name
Status
59
30G
 
Barrier Window Start Date and End Date
M
60
29J
 
Location and Time for Start Date
M
61
29K
 
Location and Time for End Date
M
62
14S
 
Settlement Rate Source
O
Sequence G - Trigger Block  [ optional, repetitive ]
No.
Tag
Option
Name
Status
63
15G
 
New Sequence
M
64
22J
 
Type of Trigger
M
65
37U
 
Trigger Level
M
66
37P
 
Lower Trigger Level
C
67
32Q
 
Currency Pair
M
68
14S
 
Settlement Rate Source
O
Sequence H - Non Deliverable Option Block  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
69
15H
 
New Sequence
M
70
14S
 
Settlement Rate Source
M
71
32E
 
Settlement Currency
M
Sequence I - Early Termination  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
72
15I
 
New Sequence
M
73
12G
 
Early Termination Style
M
74
30T
 
Early Termination Date
C
75
22Y
 
Frequency of Early Termination
C
76
85a
A
Exercising Party
O
 
 
D
 
 
 
 
J
 
 
77
88a
A
Non-Exercising Party
O
 
 
D
 
 
 
 
J
 
 
78
84a
A
Calculation Agent
M
 
 
B
 
 
 
 
D
 
 
 
 
J
 
 
79
30Y
 
Commencement Date
C
80
29L
 
Expiry Details
O
81
29E
 
Earliest Exercise Time
O
82
29M
 
Latest Exercise Time
O
83
17I
 
Cash Settlement
O
84
29N
 
Cash Settlement Valuation Details
O
85
30Z
 
Cash Settlement Payment Date
O
86
14S
 
Settlement Rate Source
O
Sequence J - Averaging Options and Forwards  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
87
15J
 
New Sequence
M
88
14S
 
Settlement Rate Source
O
89
14B
 
Average Strike Price Calculation
C
90
16C
 
Decimal Places
M
Sequence J1 - Spot Average Dates and Weightings  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
91
18B
 
Number of Spot Averaging Dates
M
92
30M
 
Spot Averaging Date
M
93
19Y
 
Spot Averaging Weighting Factor
M
Sequence J2 - Strike Average Dates and Weightings  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
94
18C
 
Number of Strike Averaging Dates
M
95
30N
 
Strike Averaging Date
M
96
19Z
 
Strike Averaging Weighting Factor
M
97
19C
 
Adjustment
O
98
23C
 
Calculation of Settlement Amount
O
Sequence K - Additional Information  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
99
15K
 
New Sequence
M
100
29A
 
Contact Information
O
101
24D
 
Dealing Method
O
102
88a
A
Broker Identification
C
 
 
D
 
 
103
71F
 
Broker's Commission
C
104
21G
 
Broker's Reference
O
105
72 
 
Sender to Receiver Information
O
Sequence L - Additional Amounts  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
106
15L
 
New Sequence
M
107
18A
 
Number of Repetitions
M
108
30F
 
Payment Date
M
109
32H
 
Currency, Payment Amount
M
110
53a
A
Delivery Agent
O
 
 
D
 
 
 
 
J
 
 
111
86a
A
Intermediary 2
C
 
 
D
 
 
 
 
J
 
 
112
56a
A
Intermediary
O
 
 
D
 
 
 
 
J
 
 
113
57a
A
Receiving Agent
M
 
 
D
 
 
 
 
J
 
 
Sequence M - Reporting Information  [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
114
15M
 
New Sequence
M
Sequence M1 - Reporting Parties  [ optional, repetitive ]
No.
Tag
Option
Name
Status
115
22L
 
Reporting Jurisdiction
M
116
91a
A
Reporting Party
O
 
 
D
 
 
 
 
J
 
 
Sequence M1a - Unique Transaction Identifier  [ optional, repetitive ]
No.
Tag
Option
Name
Status
117
22M
 
UTI Namespace/Issuer Code
M
118
22N
 
Transaction Identifier
M
Sequence M1a1 - Prior Unique Transaction Identifier  [ optional, repetitive ]
No.
Tag
Option
Name
Status
119
22P
 
PUTI Namespace/Issuer Code
M
120
22R
 
Prior Transaction Identifier
M
121
96a
A
Clearing Exception Party
O
 
 
D
 
 
 
 
J
 
 
122
22S
 
Clearing Broker Identification
O
123
22T
 
Cleared Product Identification
O
124
17E
 
Clearing Threshold Indicator
O
125
22U
 
Underlying Product Identifier
O
126
17H
 
Allocation Indicator
O
127
17P
 
Collateralisation Indicator
O
128
22V
 
Execution Venue
O
129
98D
 
Execution Timestamp
O
130
17W
 
Non Standard Flag
O
131
17Y
 
Financial Nature of the Counterparty Indicator
O
132
17Z
 
Collateral Portfolio Indicator
O
133
22Q
 
Collateral Portfolio Code
C
134
17L
 
Portfolio Compression Indicator
O
135
17M
 
Corporate Sector Indicator
O
136
17Q
 
Trade with Non-EEA Counterparty Indicator
O
137
17S
 
Intragroup Trade Indicator
O
138
17X
 
Commercial or Treasury Financing Indicator
O
139
77A
 
Additional Reporting Information
O
◄   MT305 - Foreign Currency Option Confirmation
MT307 - Advice/Instruction of a Third Party FX Deal   ►