MT 306 Format Specifications

The MT 306 consists of thirteen eleven sequences:

• Sequence A General Information contains general information about the option as well as about the confirmation itself

• Sequence B Transaction Details contains information about the transaction

• Sequence C Settlement Instructions for Payment of Premium provides the instructions for the payment of the premium

• Sequence D Vanilla Block provides the specific deal details for vanilla options

• Sequence E Payout Amount contains information about the payout amount for non-vanilla options

• Sequence F Barrier Block provides the barrier information

• Sequence G Trigger Block contains information about the trigger(s) for non-vanilla options

• Sequence H Non Deliverable Option Block provides specific details for the non-deliverable options

• Sequence I Early Termination specifies the details for the early termination of an option.

• Sequence J Averaging Options and Forwards specifies the details for averaging options and averaging forwards.

• Sequence K I Additional Information provides information, which is not match-critical.

• Sequence L J Additional Amounts specifies the different fees, which may be associated with the events occurring during the life of the option, for example a close-out.

• Sequence M K Reporting Information provides transaction information that must be reported to a trade repository. This sequence is optional and is only to be used for reporting to trade repositories, although some fields, for example, unique transaction identifier and prior unique transaction identifier, might be used on regular confirmations.

MT 306 Foreign Currency Option Confirmation

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	15A	New Sequence	Empty field	1
M	20	Sender's Reference	16x	2
O	21	Related Reference	16x	3
M	22A	Type of Operation	4!c	4
O	94A	Scope of Operation	4!c	5
M	22C	Common Reference	4!a2!c4!n4!a2!c	6
M	21N	Contract Number Party A	16x	7
O	21B	Contract Number Party B	16x	8
M	12F	Option Style	4!c	9
M	12E	Expiration Style	4!c	10
O	12D	Option Type	4!c	11
M	17A	Barrier Indicator	1!a	12
M	17F	Non-Deliverable Indicator	1!a	13
M	22K	Type of Event	4!c[/35x]	14
O	30U	Date of Trigger Hit	8!n	15
O	29H	Location of Trigger Hit	4!c	16
M	82a	Party A	A, D, or J	17
M	87a	Party B	A, D, or J	18
O	83a	Fund or Beneficiary Customer	A, D, or J	19
M	77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	20
O	77D	Additional Conditions	6*35x	21
O	14C	Year of Definitions	4!n	22
End of Sequence A General Information
Mandatory Sequence B Transaction Details
M	15B	New Sequence	Empty field	23
M	17V	Buy (Sell) Indicator	1!a	24
M	30T	Trade Date	8!n	25
M	30X	Expiration Date	8!n	26
M	29E	Expiration Location and Time	4!c/4!n	27
M	30a	Final Settlement Date	F or J	28
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	29
-----|
Optional Subsequence B1 Premium Details
O	37K	Premium Price	3!a12d	30 29
M	30V	Premium Payment Date	8!n	31 30
M	34B	Premium Currency and Amount	3!a15d	32 31
End of Subsequence B1 Premium Details
Mandatory Subsequence B2 Calculation Agent
M	84a	Calculation Agent	A, B, D, or J	33 32
End of Subsequence B2 Calculation Agent
End of Sequence B Transaction Details
Optional Sequence C Settlement Instructions for Payment of Premium
M	15C	New Sequence	Empty field	34 33
O	53a	Delivery Agent	A, D, or J	35 34
O	86a	Intermediary 2	A, D, or J	36 35
O	56a	Intermediary	A, D, or J	37 36
M	57a	Receiving Agent	A, D, or J	38 37
O	58a	Beneficiary Institution	A, D, or J	39 38
End of Sequence C Settlement Instructions for Payment of Premium
Optional Sequence D Vanilla Block
M	15D	New Sequence	Empty field	40 39
O	30P	Earliest Exercise Date	8!n	41 40
----->
O	30Q	Intermediate Exercise Date	8!n	42 41
-----|
M	26F	Settlement Type	9a	43 42
M	32B	Put Currency and Amount	3!a15d	44 43
M	36	Strike Price	12d	45 44
M	33B	Call Currency and Amount	3!a15d	46 45
End of Sequence D Vanilla Block
Optional Sequence E Payout Amount
M	15E	New Sequence	Empty field	47 46
M	33E	Currency, Amount	3!a15d	48 47
O	30H	Touch Payment Date	8!n	49 48
O	53a	Delivery Agent	A, D, or J	50 49
O	86a	Intermediary 2	A, D, or J	51 50
O	56a	Intermediary	A, D, or J	52 51
M	57a	Receiving Agent	A, D, or J	53 52
O	58a	Beneficiary Institution	A, D, or J	54 53
End of Sequence E Payout Amount
Optional Sequence F Barrier Block
M	15F	New Sequence	Empty field	55 54
M	22G	Type of Barrier	4!c	56 55
M	37J	Barrier Level	12d	57 56
O	37L	Lower Barrier Level	12d	58 57
-----> Optional Repetitive Optional Subsequence F1 Barrier Window Block
M	30G	Barrier Window Start Date and End Date	8!n/8!n	59 58
M	29J	Location and Time for Start Date	4!c[/4!n]	60 59
M	29K	Location and Time for End Date	4!c/4!n	61 60
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	62
-----|
-----| End of Subsequence F1 Barrier Window Block
End of Sequence F Barrier Block
-----> Optional Repetitive Optional Sequence G Trigger Block
M	15G	New Sequence	Empty field	63 61
M	22J	Type of Trigger	4!c	64 62
M	37U	Trigger Level	12d	65 63
O	37P	Lower Trigger Level	12d	66 64
M	32Q	Currency Pair	3!a/3!a	67 65
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	68
-----|
-----| End of Sequence G Trigger Block
Optional Sequence H Non Deliverable Option Block
M	15H	New Sequence	Empty field	69 66
----->
M	14S	Settlement Rate Source	3!a2n[/4!n/4!c] 3!a2!n	70 67
-----|
M	32E	Settlement Currency	3!a	71 68
End of Sequence H Non Deliverable Option Block
Optional Sequence I Early Termination
M	15I	New Sequence	Empty field	72
O	30T	Early Termination Date	8!n	73
O	22Y	Frequency of Early Termination	4!c	74
O	85a	Exercising Party	A, D, or J	75
O	88a	Non-Exercising Party	A, D, or J	76
M	84a	Calculation Agent	A, B, D, or J	77
O	30Y	Commencement Date	8!n	78
O	29L	Expiry Details	8!n/4!c/4!n	79
O	29E	Earliest Exercise Time	4!c/4!n	80
O	29M	Latest Exercise Time	4!c/4!n	81
O	17I	Cash Settlement	1!a	82
O	29N	Cash Settlement Valuation Details	8!n/4!c/4!n	83
O	30Z	Cash Settlement Payment Date	8!n	84
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	85
End of Sequence I Early Termination
Optional Sequence J Averaging Options and Forwards
M	15J	New Sequence	Empty field	86
M	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	87
O	14B	Average Strike Price Calculation	2!c	88
M	16C	Decimal Places	2n	89
Optional Subsequence J1 Spot Average Dates and Weightings
M	18B	Number of Spot Averaging Dates	3n	90
----->
M	30M	Spot Averaging Date	8!n	91
M	19Y	Spot Averaging Weighting Factor	15d	92
-----|
End of Subsequence J1 Spot Average Dates and Weightings
Optional Subsequence J2 Strike Average Dates and Weightings
M	18C	Number of Strike Averaging Dates	3n	93
----->
M	30N	Strike Averaging Date	8!n	94
M	19Z	Strike Averaging Weighting Factor	15d	95
-----|
End of Subsequence J2 Strike Average Dates and Weightings
O	19C	Adjustment	[N]15d	96
O	23C	Calculation of Settlement Amount	7a	97
End of Sequence J Averaging Options and Forwards
Optional Sequence K I Additional Information
M	15K 15I	New Sequence	Empty field	98 69
O	29A	Contact Information	4*35x	99 70
O	24D	Dealing Method	4!c[/35x]	100 71
O	88a	Broker Identification	A or D	101 72
O	71F	Broker's Commission	3!a15d	102 73
O	21G	Broker's Reference	16x	103 74
O	72	Sender to Receiver Information	6*35x	104 75
End of Sequence K I Additional Information
Optional Sequence L J Additional Amounts
M	15L 15J	New Sequence	Empty field	105 76
M	18A	Number of Repetitions	5n	106 77
----->
M	30F	Payment Date	8!n	107 78
M	32H	Currency, Payment Amount	[N]3!a15d	108 79
-----|
O	53a	Delivery Agent	A, D, or J	109 80
O	86a	Intermediary 2	A, D, or J	110 81
O	56a	Intermediary	A, D, or J	111 82
M	57a	Receiving Agent	A, D, or J	112 83
End of Sequence L J Additional Amounts
Optional Sequence M K Reporting Information
M	15M 15K	New Sequence	Empty field	113 84
-----> Optional Repetitive Subsequence M1 K1 Reporting Parties
M	22L	Reporting Jurisdiction	35x	114 85
O	91a	Reporting Party	A, D, or J	115 86
-----> Optional Repetitive Subsequence M1a K1a Unique Transaction Identifier
M	22M	UTI Namespace/Issuer Code	20x	116 87
M	22N	Transaction Identifier	32x	117 88
-----> Optional Repetitive Subsequence M1a1 K1a1 Prior Unique Transaction Identifier
M	22P	PUTI Namespace/Issuer Code	20x	118 89
M	22R	Prior Transaction Identifier	32x	119 90
-----| End of Subsequence M1a1 K1a1 Prior Unique Transaction Identifier
-----| End of Subsequence M1a K1a Unique Transaction Identifier
-----| End of Subsequence M1 K1 Reporting Parties
O	96a	Clearing Exception Party	A, D, or J	120 91
----->
O	22S	Clearing Broker Identification	1!a/35x	121 92
-----|
O	22T	Cleared Product Identification	35x	122 93
O	17E	Clearing Threshold Indicator	1!a	123 94
O	22U	Underlying Product Identifier	6a	124 95
O	17H	Allocation Indicator	1!a	125 96
O	17P	Collateralisation Indicator	1!a	126 97
O	22V	Execution Venue	35x	127 98
O	98D	Execution Timestamp	8!n6!n[,3n][/[N]2!n[2!n]]	128 99
O	17W	Non Standard Flag	1!a	129 100
O	17Y	Financial Nature of the Counterparty Indicator	1!a	130 101
O	17Z	Collateral Portfolio Indicator	1!a	131 102
O	22Q	Collateral Portfolio Code	10x	132 103
O	17L	Portfolio Compression Indicator	1!a	133 104
O	17M	Corporate Sector Indicator	1!a	134 105
O	17Q	Trade with Non-EEA Counterparty Indicator	1!a	135 106
O	17S	Intragroup Trade Indicator	1!a	136 107
O	17X	Commercial or Treasury Financing Indicator	1!a	137 108
O	77A	Additional Reporting Information	20*35x	138 109
End of Sequence M K Reporting Information
M = Mandatory, O = Optional