MT 306 Field Specifications

18. Field 77H: Type, Date, Version of the Agreement

FORMAT

Option H

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(Type of Agreement) (Date) (Version)

PRESENCE

Mandatory

DEFINITION

This field specifies the type of the agreement covering the transaction. It is followed by the date on which the agreement was signed and the version of the agreement.

CODES

Type of Agreement must contain one of the following codes (Error code(s): T47):

AFB	AFB Master Agreement.
DERV	Rahmenvertrag für Finanztermingeschäfte.
FEOMA	FEOMA Master Agreement.
ICOM	ICOM Master Agreement.
IFEMA	IFEMA Master Agreement.
ISDA	ISDA Master Agreement.
OTHER	Another type of bilateral agreement signed up front between party A and party B. The agreement must be specified in field 77D.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).

Version must be a valid year expressed as YYYY (Error code(s): T50).

USAGE RULES

In a DERV and ISDA agreement, the absence of the second and third subfield means either that the information is not available or that the agreement is under negotiation.

When ICOM terms are used and when there is no signed agreement, the type should contain ICOM and both the date and the version should not be used.

In another agreement, Date and Version are optional.

The code OTHER must not be used in the case of an AFB, DERV, FEOMA, ICOM, IFEMA or ISDA Master Agreement.