Narrative
The Chicago Mercantile sends an MT 204 to Northern Trust with the instruction to debit the account of Merrill Lynch and to credit its account 1234-ABC, with value date 21 September 2009.
Information Flow
SWIFT Message, MT 204
 Explanation |
Format |
|---|---|
| Sender |
|
| Message type |
|
| Receiver |
|
| Message text |
|
| Message reference number |
|
| Sum of amounts |
|
| Value date |
|
| Beneficiary institution |
XCMEUS4C |
| Transaction reference number |
|
| Related reference |
|
| Transaction amount |
|
| Debit institution |
|
| End of message text/trailer |
|
The common correspondent bank sends confirmations of credit and debit to the exchange (MT 910) and exchange member (MT 900) as shown below:
SWIFT Message, MT 910, Confirmation of Credit
| Explanation |
Format |
|---|---|
| Sender |
|
| Message type |
|
| Receiver |
|
| Message text |
|
| Transaction reference number |
|
| Related reference |
|
| Account identification |
|
| Value date/currency code/amount |
|
| Ordering institution |
|
| End of message text/trailer |
|
SWIFT Message, MT 900, Confirmation of Debit
| Explanation |
Format |
|---|---|
| Sender |
|
| Message type |
|
| Receiver |
|
| Message text |
|
| Transaction reference number |
|
| Related reference |
|
| Account identification |
|
| Value date/currency code/amount |
|
| Ordering institution |
|
| End of message text/trailer |
|
Narrative
The Chicago Mercantile Exchange asks its member Merrill Lynch International Bank, New York to put up a margin of 50,000 USD.
The Northern Trust Company is the settlement bank of Merrill Lynch at the Chicago Mercantile Exchange.
The Chicago Mercantile sends an MT 204 to Northern Trust with the instruction to debit the account of Merrill Lynch and to credit its account serviced by First National Bank of Chicago in Chicago with a value date 21 September 2009.
Information Flow
SWIFT Message, MT 204
| Explanation |
Format |
|---|---|
| Sender |
|
| Message type |
|
| Receiver |
|
| Message text |
|
| Transaction reference number |
|
| Sum of amounts |
|
| Value date |
|
| Account with institution |
|
| Message reference number |
|
| Related reference |
|
| Transaction amount |
|
| Debit institution |
|
| End of message text/trailer |
|
