MT 362 Network Validated Rules

C1 

At least one of the sequences B or D must be present (Error code(s): E47).

If sequence B is... then sequence D is...
Present Optional
Not present Mandatory

C2 

At least one of the sequences C or E must be present (Error code(s): E48).

If sequence C is... then sequence E is...
Present Optional
Not present Mandatory

Note: ref. rule C3

C3 

When the settlement method, ie, the second subfield of field 23A, is "NET", either sequence C or E must be present, but not both (Error code(s): E49).

Note: When the settlement method is NET, this rule takes precedence over rule C2.

C4 

When the settlement method, ie, the second subfield of field 23A, is "NET", the payments block (i.e. fields 30F---57a) within sequence C or E must occur only once (Error code(s): E50).

i.e. field 18A in seq. C or E must be =1, refer to indexes 30 or 51, field 18A

NETWORK VALIDATED RULES (Error code(s): D96).

Note: ref. Rule C2 (seq. C or E must be present)

C5 

When the settlement method, ie, the second subfield of field 23A, is "GROSS", the payments block (i.e. fields 30F---57a) within sequence C or E cannot occur more than three times (Error code(s): E51).

i.e field 18A must be <4, refer to indexes 30 or 51, field 18A

NETWORK VALIDATED RULES (Error code(s): D96).

Note: ref. rule C2 (seq. C or E must be present)

C6 

The currency code of the fields 33F and 32H in sequence B must be the same. The currency codes of the fields 33F and 32H in sequence D must be the same (Error code(s): E38).

C7 

The second intermediary field can only be used if two intermediaries are required. Thus, for all occurrences of the fields 56a and 86a, the following rules apply (Error code(s): E35):

If, in a sequence,
field 56a is...
then, in the same sequence,
field 86a is...
Present Optional
Not present Not allowed

C8 

The related reference must be present for an amendment or cancellation. Thus, in sequence A, the presence of field 21 depends on field 22A as follows (Error code(s): D02):

Sequence A
if field 22A is...
Sequence A
then field 21 is...
AMND Mandatory
CANC Mandatory
DUPL Optional
NEWT Optional

C9 

Taking into account C1:

The cap and floor rates are mandatory in the case of a cap, floor or collar otherwise they are optional. Thus, in sequences B and D, the presence of fields 37J and 37L depends on subfield 1 of field 23A in sequence A as follows (Error code(s): E39):

Sequence A
if subfield 1 of field 23A is...
Sequence B
then field 37J is...
Sequence B
then field 37L is...
Sequence D
then field 37J is...
Sequence D
then field 37L is...
FIXEDFIXED Not allowed Not allowed Not allowed Not allowed
FLOATFLOAT Optional Optional Optional Optional
FLOATFIXED Not allowed Not allowed Optional Optional
FIXEDFLOAT Optional Optional Not allowed Not allowed
CAPBUYER Mandatory Not allowed Not allowed Not allowed
CAPSELLER Not allowed Not allowed Mandatory Not allowed
FLOORBUYER Not allowed Mandatory Not allowed Not allowed
FLOORSLLER Not allowed Not allowed Not allowed Mandatory
COLLARBYER Optional Mandatory Mandatory Optional
COLLARBYER Mandatory Optional Optional Mandatory
COLLARSLLR Optional Mandatory Mandatory Optional
COLLARSLLR Mandatory Optional Optional Mandatory