MT 341 Format Specifications

The MT 341 consists of 3 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 the Settlement Amount provides the settlement instructions.

MT 341 Forward Rate Agreement Settlement 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
O	29A	Contact Information	4*35x	12
O	72	Sender to Receiver Information	6*35x	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
Optional Subsequence B1 AFB and FRABBA Details
O	30V	Fixing Date	8!n	20
O	38D	Contract Period	4n	21
Mandatory Sequence C Settlement Instructions for the Settlement Amount
M	15C	New Sequence	(CrLf)	22
M	37R	Settlement Rate	[N]12d	23
M	34E	Settlement Currency and Amount	[N]3!a15d	24
O	53a	Delivery Agent	A, D or J	25
O	86a	Intermediary 2	A, D or J	26
O	56a	Intermediary	A, D or J	27
M	57a	Receiving Agent	A, D or J	28
O	58a	Beneficiary Institution	A, D or J	29
M = Mandatory O = Optional