MT 306 Field Specifications

65. Field 14S: Settlement Rate Source

FORMAT

Option S

3!a2!n

(Rate Source)

PRESENCE

Mandatory in a conditional sequence (C18)

DEFINITION

This field specifies the rate source for the settlement of the non-deliverable option.

USAGE RULES

The values to be used are published in Annex A of the 1998 FX and Currency Option Definitions published by ISDA, EMTA and the US FX Committee.