MT 300 Field Specifications

5. Field 94A: Scope of Operation

FORMAT

Option A

4!c

(Scope)

PRESENCE

Optional

DEFINITION

This field specifies the role of the Sender and the Receiver of the message in the conclusion of the confirmed trade.

CODES

One of the following codes must be used (Error code(s): T36):

AGNT	Sender/Receiver is sending/receiving the message on behalf of a third party.
BILA	Bilateral confirmation, ie, the Sender and the Receiver are the principals.
BROK	The confirmation is sent by a money broker.

USAGE RULES

The absence of this field means that the Sender and the Receiver are principals, ie, Scope is BILA.

AGNT is used when the confirmation has been sent or received on behalf of a separate legal party and that party has done the deal.