The MT 364 is used to confirm a termination/recouponing between two parties A and B:
It can also be exchanged on behalf of an institution or corporate:
Party A and party B are the legal entities which have agreed to the transaction.
Party A is either:
the Sender, or
the institution/corporate on behalf of which the message is sent.
Party B is either:
the Receiver, or
the institution/corporate on behalf of which the message is received.
Partial terminations are not applicable for amortising/accreting swaps.
For the actual transfer of funds or the confirmation of credits and debits, other messages outside Category 3 are available such as the MTs 202, 203, 205, Financial Institution Transfer messages and the MTs 900, 910, 950, Confirmation of Debit/Credit and statement messages, respectively.
In all cases, the common reference of the MT 364 must be quoted in the relevant reference field, ie, field 21 of the MTs 202, 203, 205.
When cancelling a previously sent message (field 22A is CANC) using MT 364:
field 21 must contain the reference, ie, the content of field 20, of the message containing the instruction to be cancelled
the cancellation message must contain a copy of at least the mandatory fields of the general information and transaction details sequences.
To amend a previously sent message (field 22A is AMND):
field 21 must contain the reference, ie, the content of field 20, of the message containing the instruction to be amended
the amendment message must contain both the unchanged and the changed/new fields of the original message
the amendment message replaces the original message.
