SWIFT ISO15022 Standard
Detail view for message MT620 - Commodity Fixed Loan/Deposit Confirmation
Financial acronyms
The entire acronym collection of this site is now also available offline with this new app for iPhone and iPad.
Purpose of the message MT620
Confirms the terms of a contract relative to a commodity fixed loan/deposit transaction.
Scope of the message MT620
This message is exchanged to confirm a commodity fixed term loan/deposit contract.
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 rolled over/renewed contract between the parties
- the maturity of a contract.
This message is exchanged by or on behalf of the institutions or corporates, party A and party B, who have agreed to a commodity fixed term loan/deposit contract.
Structure of the message MT620
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
21N
Contract Number Party A
C
8
82a
A
Party A
M
D
J
9
87a
A
Party B
M
D
J
10
83a
Q
Fund or Instructing Party
O
D
J
11
26C
Identification of the Commodity
M
12
77D
Terms and Conditions
O
Sequence B - Transaction Details [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
13
15B
New Sequence
M
14
17R
Party A's Role
M
15
30T
Trade Date
M
16
30V
Value Date
M
17
30P
Maturity Date
M
18
32a
B
Currency and Principal Amount
M
F
19
32a
H
Amount to be Settled
C
R
20
30X
Next Interest Due Date
C
21
34a
E
Currency and Interest Amount
M
J
22
37G
Interest Rate
M
23
14D
Day Count Fraction
M
24
30F
Last Day of the First Interest Period
C
25
38J
Number of Days
C
Sequence C - Settlement Instructions for Amounts Payable by Party A [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
26
15C
New Sequence
M
27
53a
A
Delivery Agent
O
D
J
28
86a
A
Intermediary 2
C
D
J
29
56a
A
Intermediary
O
D
J
30
57a
A
Receiving Agent
M
D
J
31
58a
A
Beneficiary Institution
O
D
J
Sequence D - Settlement Instructions for Amounts Payable by Party B [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
32
15D
New Sequence
M
33
53a
A
Delivery Agent
O
D
J
34
86a
A
Intermediary 2
C
D
J
35
56a
A
Intermediary
O
D
J
36
57a
A
Receiving Agent
M
D
J
37
58a
A
Beneficiary Institution
O
D
J
Sequence E - Settlement Instructions for Interests Payable by Party A [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
38
15E
New Sequence
M
39
53a
A
Delivery Agent
O
D
J
40
86a
A
Intermediary 2
C
D
J
41
56a
A
Intermediary
O
D
J
42
57a
A
Receiving Agent
M
D
J
43
58a
A
Beneficiary Institution
O
D
J
Sequence F - Settlement Instructions for Interests Payable by Party B [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
44
15F
New Sequence
M
45
53a
A
Delivery Agent
O
D
J
46
86a
A
Intermediary 2
C
D
J
47
56a
A
Intermediary
O
D
J
48
57a
A
Receiving Agent
M
D
J
49
58a
A
Beneficiary Institution
O
D
J
Sequence G - Tax Information [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
50
15G
New Sequence
M
Sequence G1 - Tax Rate [ mandatory, nonrepetitive ]
No.
Tag
Option
Name
Status
51
37L
Tax Rate
M
52
33a
B
Transaction Currency and Net Interest Amount
M
J
Sequence G2 - Exchange Rate [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
53
36
Exchange Rate
O
54
33a
E
Reporting Currency and Tax Amount
O
J
Sequence H - Additional Information [ optional, nonrepetitive ]
No.
Tag
Option
Name
Status
55
15H
New Sequence
M
56
29A
Contact Information
O
57
24D
Dealing Method
O
58
84a
A
Dealing Branch Party A
O
B
D
J
59
85a
A
Dealing Branch Party B
O
B
D
J
60
88a
A
Broker Identification
C
D
J
61
71F
Broker's Commission
C
62
26H
Counterparty's Reference
O
63
21G
Broker's Reference
O
64
22Z
Underlying Product Identifier
O
65
72
Sender to Receiver Information
O