MT 306 Field Specifications

12. Field 17F: Non-Deliverable Indicator

FORMAT

Option F

1!a

(Indicator)

PRESENCE

Mandatory

DEFINITION

The Non-Deliverable Indicator (NDO) specifies whether the option is deliverable or not.

CODES

Indicator must contain one of the following codes (Error code(s): T36):

N	A deliverable option.
Y	A non-deliverable option, ie, the option seller will pay the option buyer the in-the-money amount, if positive, on settlement date.