MT 306 Network Validated Rules

C1 

This rule is present in order to prevent the use of the MT 306 for plain vanilla options. The MT 305 must be used for those options until further notice.

In sequence A, if field 12F contains the code VANI, at least field 17A or field 17F must contain the code Y. Both fields may contain the code Y. Therefore, the only allowed combination of codes in fields 17A and 17F, with the code VANI in field 12F, are as follows (Error code(s): D24):

Sequence A if field 12F is ...	Sequence A then field 17A is ...	Sequence A and field 17F is ...
VANI	N	Y
VANI	Y	N
VANI	Y	Y

C2 

In sequence A, the presence of field 21 depends on the value of field 22A as follows (Error code(s): D02):

Sequence A if field 22A is ...	Sequence A then field 21 is ...
AMND	Mandatory
CANC	Mandatory
NEWT	Optional

C3 

In sequence A, the values allowed for field 12E depend on the value of field 12F as follows (Error code(s): D26):

Sequence A if field 12F is ...	Sequence A then the allowed values for field 12E are...
BINA	AMER, EURO
DIGI	EURO
NOTO	EURO
Any Other Value VANI	AMER, ASIA, BERM, EURO

C4 

In sequence A, the allowed values for subfield 1 of field 22K depend on the fields 12F and 17A as follows (Error code(s): D27):

Sequence A if field 12F is ...	Sequence A and field 17A is ...	Sequence A then the allowed values for subfield 1 of field 22K are ...
VANI	N	CONF, CLST, OTHR
VANI	Y	CONF, CLST, KNIN, KNOT, OTHR
Not VANI	N	CONF, CLST, TRIG, OTHR
Not VANI	Y	CONF, CLST, KNIN, KNOT, TRIG, OTHR

C5 

In sequence A, the presence of fields 30U and 29H depends on the value of subfield 1 of field 22K as follows (Error code(s): D28):

Sequence A if subfield 1 of field 22K is ...	Sequence A then field 30U is ...	Sequence A and field 29H is ...
CONF	Not allowed	Not allowed
CLST	Not allowed	Not allowed
Any other value	Mandatory	Optional

C6 

In sequence A, the presence of field 77D depends on the value of subfield 1 of field 77H as follows (Error code(s): D36):

Sequence A if subfield 1 of field 77H is ...	Sequence A then field 77D is ...
OTHER	Mandatory
Not OTHER	Optional

C7 

In sequence B, the use of option F for field 30a depends on the value of field 12E in sequence A as follows (Error code(s): E55):

Sequence A if field 12E is ...	Sequence B then field 30F is ...
EURO	Mandatory
Not EURO	Optional

C8 

In sequences C (if present), E (if present) and L J (if present), if field 56a is not present, then field 86a in the same sequence C, E or L J is not allowed, otherwise field 86a is optional (Error code(s): E35):

Sequence C if field 56a is ...	Sequence C then field 86a is
Not present	Not allowed
Present	Optional

Sequence E if field 56a is ...	Sequence E then field 86a is ...
Not present	Not allowed
Present	Optional

Sequence L J if field 56a is	Sequence L J then field 86a is ...
Not present	Not allowed
Present	Optional

C9 

The presence of sequence D and the presence of sequence G depends on the value of field 12F in sequence A as follows (Error code(s): D30):

Sequence A if field 12F is ...	Then sequence D is ...	And sequence G is ...
VANI	Mandatory	Not allowed
Not VANI	Not allowed	Mandatory

C10 

In sequence D, if present, the presence of field 30P and the presence of field 30Q depends on the value of field 12E in sequence A as follows (Error code(s): D31):

Sequence A if field 12E is ...	Sequence D then field 30P is ...	Sequence D and field 30Q is ...
AMER	Mandatory	Not allowed
BERM	Not allowed	Mandatory (that is, at least one occurrence must be present)
Any other value	Not allowed	Not allowed

C11 

In sequence D, if present, the allowed values for field 26F depend on the value of field 17F in sequence A as follows (Error code(s): D33):

Sequence A if field 17F is ...	Sequence D then the allowed values for field 26F are ...
Y	NETCASH
N	NETCASH, PRINCIPAL

C12 

The presence of sequence E depends on the values of field 12F and subfield 1 of field 22K in sequence A as follows (Error code(s): D32):

Sequence A if field 12F is ...	Sequence A and subfield 1 of field 22K is ...	Then sequence E is ...
VANI	Any value	Not allowed
BINA or DIGI	Any value	Mandatory
NOTO	Not TRIG	Mandatory
NOTO	TRIG	Not allowed
Any Other Value NOTO	Any value TRIG	Not allowed

C13 

In sequence E, if present, the presence of field 30H depends on the value of subfield 1 of field 22K and on field 12E in sequence A as follows (Error code(s): D34):

If sequence E is ...	Sequence A and subfield 1 of field 22K is ...	Sequence A and field 12E is ...	Sequence E then field 30H is ...
Present	TRIG	AMER	Mandatory
	Not TRIG	AMER, EURO	Not allowed
Not present	Not applicable	Not applicable	Not applicable

C14 

The presence of sequence F depends on the value of field 17A in sequence A as follows (Error code(s): D43):

Sequence A if field 17A is ...	Then sequence F is ...
Y	Mandatory
N	Not allowed

C15 

In sequence F (if present), the presence of field 37L depends on the value of field 22G as follows (Error code(s): D44):

Sequence F if field 22G is ...	Sequence F then field 37L is ...
SKIN	Not allowed
SKOT	Not allowed
DKIN	Mandatory
DKOT	Mandatory
KIKO	Mandatory
KOKI	Mandatory

C16 

In each occurrence of sequence G (if present), the presence of field 37P depends on the value of field 22J as follows (Error code(s): D46):

In each occurrence of sequence G
Sequence G if field 22J is ...	Sequence G then field 37P is ...
SITR	Not allowed
DBTR	Mandatory

C17 

The presence of sequence H depends on the value of field 17F in sequence A as follows (Error code(s): D47):

Sequence A if field 17F is ...	Then sequence H is ...
Y	Mandatory
N	Not allowed

C18 

The presence of sequence K I , and the presence of fields 88a and 71F in sequence K I , depends on the value of field 94A in sequence A as follows (Error code(s): D74):

Sequence A if field 94A is ...	Then sequence K I is ...	Sequence K I and field 88a is ...	Sequence K I and field 71F is ...
Not present	Optional	Optional	Not allowed
BROK	Mandatory	Mandatory	Optional
Not BROK	Optional	Optional	Not allowed

C19 

In sequence K I , if field 15K 15I is present then at least one of the other fields of sequence K I must be present (Error code(s): C98).

In sequence M K , if field 15M 15K is present then at least one of the other fields of sequence M K must be present (Error code(s): C98).

C20 

The presence of subsequence B1 and of sequence C depends on the values of subfield 1 of field 22K in sequence A as follows (Error code(s): D16):

Sequence A if subfield 1 of field 22K is ...	Then subsequence B1 is ...	Then sequence C is ...
CLST	Optional	Optional
CONF	Mandatory	Mandatory
KNIN	Not allowed	Not allowed
KNOT	Not allowed	Not allowed
OTHR	Optional	Optional
TRIG	Not allowed	Not allowed

C21 

In all optional sequences and sub-sequences, the fields with status M must be present if the sequence or sub-sequence is present, and are otherwise not allowed (Error code(s): C32).

C22 

In fields listed below, the codes XAU, XAG, XPD and XPT are not allowed, as these are codes for commodities for which the category 6 commodities messages must be used (Error code(s): C08):

Sequence B1 Premium Details, field 34B Premium Currency And Amount,

Sequence D Vanilla Block, field 32B Put Currency And Amount,

Sequence D Vanilla Block, field 33B Call Currency And Amount,

Sequence E Payout Amount, field 33E Currency, Amount,

Sequence G Trigger Block, field 32Q Currency Pair,

Sequence H Non Deliverable Option Block, field 32E Settlement Currency,

Sequence K I Additional Information, field 71F Broker's Commission,

Sequence L J Additional Amounts, field 32H Currency, Payment Amount.

C23 

In sequence M K , when field 17Z is "Y" then 22Q must be present (Error code(s): C56).

C24 

In sequence A, if field 12E contains the code BERM then sequence I must be present (Error code(s): C38).

C25 

In sequence A, if field 12E contains the code AMER then in sequence I (if present), field 30Y must be present (Error code(s): C39).

C26 

The presence of sequence J, subsequence J1, subsequence J2 and field 14B in sequence J depends on the code in field 12F in sequence A as follows (Error code(s): C41).

Sequence A if field 12F is ...	Then sequence J is ...	Sequence J then field 14B is ...	Then subsequence J1 is ...	Then subsequence J2 is ...
AVRF	Mandatory	Not allowed	Mandatory	Not allowed
AVRO	Mandatory	Not allowed	Mandatory	Not allowed
AVSF	Mandatory	Mandatory	Not allowed	Mandatory
AVSO	Mandatory	Mandatory	Not allowed	Mandatory
DAVF	Mandatory	Mandatory	Mandatory	Mandatory
DAVO	Mandatory	Mandatory	Mandatory	Mandatory
Any Other Value	Not allowed	Not allowed	Not allowed	Not allowed