MT 308 Format Specifications

MT 308 Instruction for Gross/Net Settlement of Third Party FX Deals

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
M	20C	SEME	Reference	Sender's Reference	:4!c//16x	2
M	23G			Function of the Message	4!c[/4!c]	3
-----> Repetitive Optional Subsequence A1 Linkages
M	16R			Start of Block	LINK	4
O	13a	LINK	Number Identification	Linked Message	A or B	5
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	6
M	16S			End of Block	LINK	7
-----| End of Subsequence A1 Linkages
M	16S			End of Block	GENL	8
End of Sequence A General Information
-----> Repetitive Mandatory Sequence B FX Details
M	16R			Start of Block	FXDET	9
M	98A	VALU	Date	Value Date	:4!c//8!n	10
Mandatory Subsequence B1 FX Parties 1
M	16R			Start of Block	FXPRTY1	11
M	95a	FXCO	Party	FX Counterparty	P, Q or R	12
M	16S			End of Block	FXPRTY1	13
End of Subsequence B1 FX Parties 1
Mandatory Subsequence B2 FX Parties 2
M	16R			Start of Block	FXPRTY2	14
O	95a	INVE	Party	Investor	P, Q or R	15
M	97A	SAFE	Account	Safekeeping Account	:4!c//35x	16
M	16S			End of Block	FXPRTY2	17
End of Subsequence B2 FX Parties 2
Optional Subsequence B3 Gross Settlement
M	16R			Start of Block	GROSS	18
-----> Repetitive Mandatory Subsequence B3a Linkages
M	16R			Start of Block	LINK	19
O	13a	LINK	Number Identification	Linked Message	A or B	20
M	20C	PREV	Reference	Previous Reference	:4!c//16x	21
M	16S			End of Block	LINK	22
-----| End of Subsequence B3a Linkages
M	16S			End of Block	GROSS	23
End of Subsequence B3 Gross Settlement
-----> Repetitive Optional Subsequence B4 Net Settlement
M	16R			Start of Block	NET	24
-----> Repetitive Mandatory Subsequence B4a Linkages
M	16R			Start of Block	LINK	25
O	13a	LINK	Number Identification	Linked Message	A or B	26
M	20C	PREV	Reference	Previous Reference	:4!c//16x	27
M	16S			End of Block	LINK	28
-----| End of Subsequence B4a Linkages
M	22H	GALO	Indicator	Gain/Loss Indicator	:4!c//4!c	29
M	19B	ANTO	Amount	Net Gain/Loss Amount	:4!c//3!a15d	30
-----> Repetitive Optional Subsequence B4b Settlement Parties
M	16R			Start of Block	SETPRTY	31
M	95a	4!c	Party	(see qualifier description)	P, Q or R	32
O	97A	CASH	Account	Cash Account	:4!c//35x	33
O	70C	PACO	Narrative	Party Contact Narrative	:4!c//4*35x	34
M	16S			End of Block	SETPRTY	35
-----| End of Subsequence B4b Settlement Parties
M	16S			End of Block	NET	36
-----| End of Subsequence B4 Net Settlement
M	16S			End of Block	FXDET	37
-----| End of Sequence B FX Details
M = Mandatory O = Optional