MT 365 Network Validated Rules

C1 

The message must contain the current fixed interest rate(s). The use of the fixed interest rate sequences depend on the type of the original transaction. Thus, the presence of sequences B and E depends on subfield 1 of field 23A in sequence A as follows (Error code(s): E33):

Sequence A and if subfield 1 of field 23A is...	Sequence B is...	Sequence E is...
FIXEDFIXED	Mandatory	Mandatory
FLOATFLOAT	Not allowed	Not allowed
FLOATFIXED	Mandatory	Not allowed
FIXEDFLOAT	Not allowed	Mandatory

C2 

Taking into account C1:

The new fixed rates should only be used in the case of recouponing; the new notional amounts should only be used in the case of a partial termination. Thus, in sequence A, the presence of fields 32G, 33E and 22D and, in sequences B and E, the presence of field 37P, depend on field 22B in sequence A as follows (Error code(s): E34):

Sequence A if field 22B is...	Sequence A then field 32G is...	Sequence A then field 33E is...	Sequence A then field 22D is...	Sequence B then field 37P is...	Sequence E then field 37P is...
PTRC	Mandatory	Mandatory	Mandatory	Mandatory	Mandatory
PTRM	Mandatory	Mandatory	Mandatory	Not allowed	Not allowed
RCPN	Not allowed	Not allowed	Mandatory	Mandatory	Mandatory
TERM	Not allowed	Not allowed	Not allowed	Not allowed	Not allowed

C3 

The second intermediary field can only be used if more than one intermediary is required. Thus, for all occurrences of 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

C4 

The related reference is required in the case of 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

C5 

In sequence A, if field 22D consists of code OTHR, field 37N must be present (Error code(s): E36).