MT 365 Field Specifications

6. Field 22B: Type of Event

FORMAT

Option B

4!c

(Type)

PRESENCE

Mandatory

DEFINITION

This field identifies the event being confirmed.

CODES

Type must contain one of the following codes (Error code(s): T93):

PTRC	The message confirms both the partial termination and recouponing of the transaction. New fixed rates are confirmed and both notional amounts are reduced, the payment of a fee may be applicable and a re-exchange of principals may take place.
PTRM	The message confirms a partial termination. Both notional amounts are reduced, the payment of a fee may be applicable and a re-exchange of principals may take place.
RCPN	The message confirms the recouponing of the transaction. New fixed rates are confirmed and the payment of a fee may be applicable.
TERM	The message confirms the termination of the transaction. All outstanding obligations are discharged and may result in the payment of a termination fee. A re-exchange of principals may take place.