Changes to the quantity of metal, and/or price per unit, and/or consideration and/or settlement instructions require another confirmation.
This message handles only the contract part of a precious metal trade.
The actual transfer/delivery of metal is handled through the MT 604 Precious Metal Transfer/Delivery Order and the confirmation of debits or credits is handled through the MT 606 Precious Metal Debit Advice/MT 607 Precious Metal Credit Advice/MT 608 Statement of a Metal Account. In all cases, the common reference of the MT 600 must be quoted in the relevant reference field (ie, field 21 of the MT 604/606/607 or field 61, subfield 7 of the MT 608).
The actual transfer of funds (ie, the consideration) is handled through the financial institution transfer messages (MT 202/203/205) and the confirmation of debits or credits is handled through the MT 900/910/950. In all cases, the common reference of the MT 600 must be quoted in the relevant reference field (ie, field 21 of the MT 202/203/205/910 or field 61, subfield 7 of the MT 950).