Narrative
On 22 January 2010, Savings Bank, Zürich buys 100,000 GBP against USD from Any Bank, Berlin. The rate is 1,4475. The deal is agreed via telephone.
On 25 January 2010, Any Bank will transfer the GBP to Savings Bank's account with Acorr Bank, London.
Savings Bank will transfer the USD to Any Bank's account with Agent Bank, New York.
Information Flow
Message 1: FX Confirmation
Savings Bank sends a message to Any Bank confirming the deal.
 Explanation |
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Any Bank sends a message to Savings Bank confirming the deal.
| Explanation |
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| Receiving Agent |
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| Optional General Information |
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Message 2: Notice to Receive
Any Bank sends an MT 210 Notice to Receive to Agent Bank, providing notification of the amount which is to be received from Savings Bank in settlement of the deal.
| Explanation |
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| Sender's Reference |
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| Value Date |
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| Related Reference |
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| Currency and Amount |
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| Ordering Institution |
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Message 3: General Financial Institution Transfer
Savings Bank will request Agent Bank to creditAny Bank with the funds, value 254 January 2010.
| Explanation |
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| Beneficiary Institution |
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Message 4: General Financial Institution Transfer
Any Bank will request Acorr Bank to credit Savings Bank with the funds, value 25 January 2010.
| Explanation |
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Message 5: Statement of Account/Confirmation of Credit
On 25 January 2010, Agent Bank credits Any Bank with the funds.
This transaction will appear as follows on the MT 950 Statement Message for the account:
:61:100125C144750,00S910ANYBBB4475SAVEZZ//36836522A
In addition, Agent Bank, prior to the statement, may send an MT 910 Confirmation of Credit, as shown below:
| Explanation |
Format |
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| Message Type |
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| Account Identification |
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| Ordering Institution |
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Message 6: Statement of Account/Confirmation of Credit
On 25 January 2010, Acorr Bank credits Savings Bank with the funds.
This transaction will appear as follows on the MT 950 Statement Message for the account:
:61:100125C100000,00S910ANYBBB4475SAVEZZ//356739MM
In addition, Acorr Bank, prior to the statement, may send an MT 910 Confirmation of Credit, as shown below:
| Explanation |
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Narrative
On 25 January 2010, Savings Bank, Zürich and Any Bank, Berlin agree on an FX swap deal. Savings Bank buys 100,000 GBP against USD at a rate of 1.4475 and a value date of 27 January. Savings Bank sells 100,000 GBP against USD at a rate of 1,3785 and a value date of 27 April.
Savings Bank will receive the GBP at Acorr Bank, London and the USD through Savings Bank International, New York at their account 12345/852 with Savings Bank Global Information Branch.
Any Bank will receive the GBP at their London branch and the USD at Agent Bank, New York.
Message 1: Spot Confirmation from Party A
Savings Bank, Zürich sends a message to Any bank, Berlin confirming the spot leg of the swap deal.
| Explanation |
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Message 2: Forward Confirmation from Party A
Savings Bank, Zürich sends a message to Any bank, Berlin confirming the forward leg of the swap deal.
| Explanation |
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| Intermediary |
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| Receiving Agent |
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(see the Standards Category 3, MT 303, example 1)
Narrative
On 31 October 2008, Invest Associates, a fund manager, and Goldman Sachs agree on a foreign exchange transaction with the following terms:
Invest Associates buys 3,800,000,000 JPY against USD from Goldman. The exchange rate is 117.17 and the value date is 4 November 2008. The USD amount of the trade is 32,431,512.
Invest Associates instructs Goldman to use their standing settlement instructions.
Invest Associates will send an MT 303 to Goldman to instruct the allocation of the block trade (see examples for the MT 303 Forex/Currency Option Allocation Instruction).
Information Flow
Message 1: FX Block Confirmation
Invest Associates sends a message to Goldman Sachs to confirm the deal.
| Explanation |
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| Block Trade Indicator |
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| Optional General Information |
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| Dealing Method |
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Goldman Sachs sends a message to Invest Associates to confirm the deal.
| Explanation |
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| Block Trade Indicator |
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| Optional General Information |
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| Dealing Method |
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Narrative
On 9 October 2008, the Money Broker Harlow Butler Hong Kong, (HBUTHKHH) arranges the following deal between INSACOLO and BANBCTLT.
The terms of the deal are:
INSACOLO buys 10,000,000 GBP against USD
Rate: 1.4431
BANBCTLT buys the USD
Value date: 13 October 2008
INSACOLO will transfer the USD to BANB's account at Chase Manhattan Bank, New York
BANBCTLT will transfer the GBP to INSA's account at Midland Bank, London.
Information Flow
Message 1: FX Confirmation
Harlow Butler sends a message to INSACOLO to confirm the deal with BANBCTLT.
| Explanation |
Format |
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| Optional General Information |
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| Dealing Method |
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| Broker Identification |
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| Broker's Commission |
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Harlow Butler sends a message to BANBCTLT to confirm the deal with INSACOLO.
| Explanation |
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| Optional General Information |
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| Dealing Method |
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| Broker Identification |
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| Broker's Commission |
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INSACOLO sends a message to BANBCTLT to confirm the deal.
| Explanation |
Format |
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| Receiving Agent |
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| Optional General Information |
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| Dealing Method |
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| Broker Identification |
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BANBCTLT sends a message to INSACOLO to confirm the deal.
| Explanation |
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|---|---|
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| Optional General Information |
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| Dealing Method |
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| Broker Identification |
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Narrative
On 24 January 2008, Crédit Suisse, Zürich buys 100,000 GBP against CAD from Berliner Bank, Berlin. The rate is 2,2171. The deal is agreed via telex.
On 26 February 2008 Berliner Bank will transfer the pounds to Crédit Suisse's account with Midland Bank, London.
Crédit Suisse will transfer the Canadian dollars in two parts from its account at Bank of Montréal to Berliner Bank's account with:
Bank of Nova Scotia, Montréal for the amount of 100,000 CAD
Royal bank of Montréal for the amount of 121,710 CAD.
Message 1: SWIFT Message from Crédit Suisse, Zürich
| Explanation |
Format |
|---|---|
| Sender |
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| Message Type |
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| General Information |
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| Sender's Reference |
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| Common Reference |
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| Split Settlement Indicator |
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| Party A |
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| Party B |
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| Transaction Details |
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| Trade Date |
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| Value Date |
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| Exchange Rate |
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| Currency, Amount Bought |
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| Receiving Agent |
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| Currency, Amount Sold |
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| Receiving Agent |
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| Optional General Information |
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| Dealing Method |
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| Split Settlement Details |
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| Buy (Sell) Indicator |
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| Currency, Amount |
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| Delivery Agent |
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| Receiving Agent |
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| Buy (Sell) Indicator |
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| Currency, Amount |
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| Delivery Agent |
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| Receiving Agent |
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| Number of Settlements |
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Berliner Bank sends a message to Crédit Suisse confirming the deal.
| Explanation |
Format |
|---|---|
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| Message Type |
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| General Information |
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| Sender's Reference |
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| Type of Operation |
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| Common Reference |
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| Split Settlement Indicator |
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| Party A |
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| Party B |
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| Transaction Details |
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| Trade Date |
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| Value Date |
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| Exchange Rate |
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| Currency, Amount Bought |
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| Receiving Agent |
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| Currency, Amount Sold |
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| Receiving Agent |
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| Optional General Information |
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| Dealing Method |
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| Split Settlement Details |
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| Buy (Sell) Indicator |
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| Currency, Amount |
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| Receiving Agent |
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| Buy (Sell) Indicator |
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| Currency, Amount |
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| Receiving Agent |
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| Number of Settlements |
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Narrative
On November 21, 2008 BIG CARS Company in Frankfurt agrees on a Non Deliverable Forward trade with Bank A in London. BIG CARS buys 27,181,000 USD and sells 1,000,000,000 THB at value date January 21, 2009. The correspondent in USD of BIG CARS is Bank D in New York, while Bank A uses its branch in New York for USD settlement. The valuation date for the Non Deliverable trade is January 19, 2009.
Message 1: NDF Opening Confirmation
| Explanation |
Format |
|---|---|
| Sender |
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| Receiver |
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| Message Type |
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| General Information |
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| Sender's Reference |
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| Type of Operation |
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| Common Reference |
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| Party A |
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| Party B |
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| Terms and Conditions |
:77D:/VALD/20090119/SETC/USD |
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| Transaction Details |
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| Trade Date |
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| Value Date |
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| Exchange Rate |
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| Currency, Amount Bought |
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| Receiving Agent |
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| Currency, Amount Sold |
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| Receiving Agent |
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Message 2: NDF Valuation Confirmation
On January 19, 2009 BIG CARS Company in Frankfurt agrees on the settlement of a Non Deliverable Forward trade with Bank A in London. The valuation rate is 0.28235.
| Explanation |
Format |
|---|---|
| Sender |
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| Receiver |
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| Message Type |
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| General Information |
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| Sender's Reference |
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| Type of Operation |
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| Common Reference |
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| Party A |
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| Party B |
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| Transaction Details |
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| Trade Date |
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| Value Date |
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| Exchange Rate |
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| Terms and Conditions |
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| Currency, Amount Bought |
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| Receiving Agent |
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| Currency, Amount Sold |
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| Delivery Agent |
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| Receiving Agent |
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