This message is exchanged by or on behalf of the financial institutions, Party A and Party B, who have agreed to a single or cross currency interest rate derivative transaction, including caps, collars and floors.
This message may be used to:
advise the details of the determination of the floating interest rate(s)
advise the details of the payment of interest at the end of an interest period
cancel a previously sent reset/advice
correct errors in a previously sent reset/advice.
