MT 340 Format Specifications

The MT 340 consists of 5 sequences:

• Sequence A General Information contains general information about the FRA as well as about the confirmation itself

• Sequence B Transaction Details contains information about the transaction

• Sequence C Settlement Instructions for Settlement Amount Payable by Party B provides the settlement instructions for party B

• Sequence D Settlement Instructions for Settlement Amount Payable by Party A provides the settlement instructions for party A

• Sequence E Additional Information provides information, which is not match-critical.

MT 340 Forward Rate Agreement Confirmation

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	15A	New Sequence	(CrLf)	1
M	20	Sender's Reference	16x	2
O	21	Related Reference	16x	3
M	22A	Type of Operation	4!c	4
O	94A	Scope of Operation	4!c	5
M	22C	Common Reference	4!a2!c4!n4!a2!c	6
M	23D	Type of FRA	10a	7
O	21N	Contract Number Party A	16x	8
O	21B	Contract Number Party B	16x	9
M	82a	Party A	A or D	10
M	87a	Party B	A or D	11
M	77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	12
O	14C	Year of Definitions	4!n	13
Mandatory Sequence B Transaction Details
M	15B	New Sequence	(CrLf)	14
M	30T	Trade Date	8!n	15
M	32B	Currency, Notional Amount	3!a15d	16
M	30F	Effective Date	8!n	17
M	30P	Termination Date	8!n	18
M	37M	Fixed Rate	[N]12d	19
M	14F	Floating Rate Option	24x	20
Optional Subsequence B1 AFB and FRABBA Details
M	30V	Fixing Date	8!n	21
M	38D	Contract Period	4n	22
Mandatory Subsequence B2 Other Details
M	38G	Designated Maturity	2n1!a/2n1!a	23
M	14D	Floating Rate Day Count Fraction	7x	24
M	17F	FRA Discounting	1!a	25
M	18A	Number of Repetitions	5n	26
----->
M	22B	Financial Centre	4!c	27
-----|
Mandatory Sequence C Settlement Instructions for Settlement Amount Payable by Party B
M	15C	New Sequence	(CrLf)	28
O	53a	Delivery Agent	A, D or J	29
O	86a	Intermediary 2	A, D or J	30
O	56a	Intermediary	A, D or J	31
M	57a	Receiving Agent	A, D or J	32
O	58a	Beneficiary Institution	A, D or J	33
Mandatory Sequence D Settlement Instructions for Settlement Amount Payable by Party A
M	15D	New Sequence	(CrLf)	34
O	53a	Delivery Agent	A, D or J	35
O	86a	Intermediary 2	A, D or J	36
O	56a	Intermediary	A, D or J	37
M	57a	Receiving Agent	A, D or J	38
O	58a	Beneficiary Institution	A, D or J	39
Optional Sequence E Additional Information
M	15E	New Sequence	(CrLf)	40
O	29A	Contact Information	4*35x	41
O	24D	Dealing Method	4!c[/35x]	42
O	88a	Broker Identification	A or D	43
O	71F	Broker's Commission	3!a15d	44
O	21G	Broker's Reference	16x	45
O	72	Sender to Receiver Information	6*35x	46
M = Mandatory O = Optional