MT 303 Field Specifications

17. Field 77D: Terms and Conditions

FORMAT

Option D 6*35x (Narrative)

PRESENCE

Optional in a conditional sequence (C2)

DEFINITION

This field specifies the underlying legal agreement.

USAGE RULES

This field may refer to master agreements which have been put into place on a bilateral basis. It may also refer to local regulations or to specific conditions applicable to the trade.

If this field is not present, the deal conforms either to bilateral agreements or to usual banking practice.