MT 305 Field Specifications

4. Field 23: Further Identification

FORMAT

16x
To be structured as:
4a/4a/1!a/3!a	(Code 1) (Code 2) (Code 3) (Currency)

PRESENCE

Mandatory

DEFINITION

This field specifies whether, from the Sender's point of view, the option is sold or bought, is a put or call, and indicates the style and the underlying currency.

CODES

Code 1	SELL, if the Sender is confirming an option sold, or BUY, if the Sender is confirming an option purchased
Code 2	CALL or PUT
Code 3	A, if American style, or E, if European style (Error code(s): T09)
Currency	Currency

NETWORK VALIDATED RULES

Currency must be the same as the currency specified in field 32B (Error code(s): C88).

Currency must be a valid ISO 4217 currency code (Error code(s): T52).