MT 305 Field Specifications

26. Field 72: Sender to Receiver Information

FORMAT

6*35x

(Narrative)

The following line format must be used:

Line 1	/8c/[additional information]	(Code)(Narrative)
Lines 2-6	[//continuation of additional information] or [/8c/[additional information]]	(Narrative) or (Code)(Narrative)

PRESENCE

Optional in mandatory sequence A

DEFINITION

This field specifies additional information for the Receiver.

CODES

One of the following codes, or bilaterally agreed codes, may be used in Code:

BROKER	Identification of the broker negotiating the contract on behalf of one of the parties.
ELEC	The deal has been arranged via an electronic means. This code may be followed by an indication of the specific electronic means used for arranging the deal.
PHON	The deal was arranged by telephone.
SETC	Followed by the Settlement Currency of a Non Deliverable Option.
SRCE	Followed by the Settlement Rate Source of a Cross Currency Non Deliverable Option.
TELEX	The deal was arranged by telex.
TIME	When the time at which the transaction was concluded is to be specified.
VALD	Followed by the Valuation (Fixing) Date of a Non Deliverable Option.
VENU	When the venue where the transaction was executed must be reported.

NETWORK VALIDATED RULES

If code VALD is used (see also C4 and C5):

• it must appear in the first six characters of the first line, and in no other place, followed by a date expressed as YYYYMMDD and the end of line separator (that is :72:/VALD/YYYYMMDDCrLf) (Error code(s): C58).

• the second line must be present and contain the code SETC, followed by a valid ISO 4217 currency code and the end of line separator (that is /SETC/currencyCrLf) (Error code(s): C59).

Conversely, if the first six characters of the second line are /SETC/, then the first six characters of the first line must be /VALD/ (Error code(s): C59).

The code /SETC/ is not allowed in any other place than the first six characters of the second line (Error code(s): C59).

USAGE RULES

Each code used must be put between slashes and appear at the beginning of a line.

All alphabetic characters in a code must be in upper case.

Additional explanatory information, which may be continued on the next lines, is preceded by a double slash '//'. Narrative text that is not qualified by a code must start with a double slash '//' on a new line, and should preferably be the last information in this field.

This field may be used in confirmations for which bilateral side letters for Non Deliverable Options (NDO) have been exchanged between Party A and Party B. When matching is not required for settlement currency, then the settlement currency (/SETC/) may be populated with 'XXX' .

Optionally the settlement rate source for cross currency NDO can be confirmed in field 14S Settlement Rate Source in sequence A on the third line .

The settlement rate source is only to be used:

• in conjunction with a bilaterally agreed master confirmation agreement and

• where the transaction is a cross currency NDO, that is, where /SETC/ is not followed by USD.

Field 72 must not be used for information for which another field is intended.

The use of this field with unstructured text may require manual intervention and thus cause delay in automated systems.