SWIFTStandards FIN - Category 3 - MT 306 - 10. Field 12E: Expiration Style

MT 306 Field Specifications

Option E

4!c

(Expiration Style)

Mandatory (C3)

This field specifies the expiration style.

Expiration Style must contain one of the following codes (Error code(s): T66):

AMER	American: the option can be exercised on any date prior to and including expiration date as agreed by the parties to the trade.
BERM	Bermudan or Mid-Atlantic: the option can be exercised on predetermined exercise dates as agreed to by the counterparts.
EURO	European: the option can be exercised on expiration date, at or before expiration time.