MT 601 Field Specifications

4. Field 23: Further Identification

FORMAT

16x  
to be formatted as: 4a/4a/1!a, where  
4a Buy/Sell Indicator
/4a Call/Put Indicator
/1!a Style Indicator

PRESENCE

Mandatory

DEFINITION

This field specifies whether, from the Sender's point of view, the option is sold or bought, is a put or a call, and indicates the style.

CODES

Buy/Sell Indicator must contain one of the following codes:

BUY The Sender is confirming an option bought
SELL The Sender is confirming an option sold

CODES

Call/Put Indicator must contain one of the following codes:

CALL The Sender is confirming a call option
PUT The Sender is confirming a put option

CODES

Style Indicator must contain one of the following codes (Error code(s): T09):

A This is an American style option
E This is a European style option