MT 305 Field Specifications

18. Field 77D: Terms and Conditions

FORMAT

Option D

6*35x

(Narrative)

PRESENCE

Optional

DEFINITION

This field specifies terms and conditions when the foreign currency option being confirmed does not conform to ICOM terms.

CODES

One of the following codes may must be used in this field:

/VARICOM/	Indicates variations to ICOM terms. The related variations, eg, fixing time, must be stated or referred to following the code.
/NONICOM/	Indicates that the foreign currency option is not subject to ICOM terms. The agreed terms must be stated or referred to following the code.
/ISDA/ /NONICOM/	Indicates that the foreign currency option is not subject to ISDA ICOM terms. The agreed terms must be stated or referred to following the code.