Standards - Category 3 - MT 341 Examples

Narrative

Following the establishment of the settlement rate on the fixing date (13 July 2000), ABN Amro and HSBC exchange confirmations to confirm the settlement details of the Forward Rate Agreement described below:

Currency/Amount:	CHF 25,000,000
Effective Date/Payment Date:	15 July 2000
Termination Date:	15 January 2001
Fixed Rate:	4.00 (% p.a. on an actual/360 basis)
Settlement Rate:	3.20942
Settlement Sum:	CHF 99,386.85
Payment to ABN AMRO:
	Account # 331-0987-2, ABN Amro Zürich

Message 1: SWIFT Message from ABN AMRO Bank

Explanation	Format
Sender	`ABNANL2A`
Message Type	`341`
Receiver	`HSBCGB2L`
Message Text
General Information	`:15A:`
Sender's Reference	`:20:LK444354`
Type of Operation	`:22A:SETT`
Common Reference	`:22C:ABNA2A0004HSBC2L`
Type of FRA	`:23D: FLOATFIXED`
Contract Number Party A	`:21N:22.11.870`
Party A	`:82A:ABNANL2A`
Party B	`:87A:HSBCGB2L`
Transaction Details	`:15B:`
Trade Date	`:30:20000515`
Currency, Notional Amount	`:32B:CHF25000000,`
Effective Date	`:30F:20000715`
Termination Date	`:30P:20010115`
Fixed Rate	`:37M:4,00`
Settlement Instructions for the Settlement Amount	`:15C:`
Settlement Rate	`:37R:3,20942`
Settlement Currency and Amount	`:34E:NCHF99386,85`
Account With Institution	`:57A:/331-0987-2 ABNACHZZ`
End of Message Text/Trailer

Message 2: SWIFT Message from HSBC

Explanation	Format
Sender	`HSBCGB2L`
Message Type	`341`
Receiver	`ABNANL2A`
Message Text
General Information	`:15A:`
Sender's Reference	`:20:4344485`
Type of Operation	`:22A:SETT`
Common Reference	`:22C:ABNA2A0004HSBC2L`
Type of FRA	`:23D: FIXEDFLOAT`
Contract Number Party A	`:21N:FRA.AA45643`
Party A	`:82A:HSBCGB2L`
Party B	`:87A:ABNANL2A`
Transaction Details	`:15B:`
Trade Date	`:30:20000515`
Currency, Notional Amount	`:32B:CHF25000000,`
Effective Date	`:30F:20000715`
Termination Date	`:30P:20010115`
Fixed Rate	`:37M:4,00`
Settlement Instructions for the Settlement Amount	`:15C:`
Settlement Rate	`:37R:3,20942`
Settlement Currency and Amount	`:34E:CHF99386,85`
Account With Institution	`:57A:/331-0987-2 ABNACHZZ`
End of Message Text/Trailer

Example 2: General Financial Institution Transfer

Message 1: SWIFT Message from HSBC

Explanation	Format
Sender	`HSBCGB2L`
Message Type	`202`
Receiver	`UBSWCHZH80A`
Message Text
Transaction Reference Number	`:20:4529457`
Related Reference	`:21:ABNA2A0004HSBC2L`
Value Date/Currency Code/Amount	`:32A:000717CHF99386,85`
Account With Institution	`:57A:ABNACHZZ`
Beneficiary Institution	`:58A:/331-0987-2 ABNANL2A`
End of Message Text/Trailer

Example 3: Statement of Account/Confirmation of Credit

Narrative

ABN Amro, Zürich, credits ABN Amro Amsterdam with the funds.

This transaction will appear as follows in the statement of account (MT 950):

:61:000717C99386,85S910ABNA2A0004HSBC22//6592-BX

In addition, ABN Amro Zürich, prior to the statement, may send a Confirmation of Credit, to ABN Amro Amsterdam as shown below:

Message 1: SWIFT Message from ABN Amro

Explanation	Format
Sender	`ABNACHZZA`
Message Type	`910`
Receiver	`ABNANL2A`
Message Text
Transaction Reference Number	`:20:6592-BX`
Related Reference	`:21:ABNA2A0004HSBC2L`
Account Identification	`:25:331-0987-2`
Value Date/Currency Code/Amount	`:32A:000717CHF99386,85`
Ordering Institution	`:52A:HSBCGB2L`
End of Message Text/Trailer

MT 341 Examples

Example 1: MT 341 Forward Rate Agreement Settlement Confirmation

Example 2: General Financial Institution Transfer

Example 3: Statement of Account/Confirmation of Credit