MT 306 Field Specifications

22. Field 17V: Buy (Sell) Indicator

FORMAT

Option V

1!a

(Indicator)

PRESENCE

Mandatory

DEFINITION

This field specifies whether party A is the buyer or the seller of the option.

CODES

Indicator must contain one of the following codes (Error code(s): T67):

B	Buyer: party A pays the premium and receives the payout amount if applicable.
S	Seller: party A receives the premium and pays the payout amount if applicable.