MT 362 Field Specifications

33. Field 32M: Currency, Payment Amount

FORMAT

Option M

3!a15d

(Currency)(Amount)

PRESENCE

Mandatory in conditional (see rules C2 and C3) sequence C

DEFINITION

This field specifies the payment currency and amount payable by party B.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum length. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03,T40,T43).

USAGE RULES

To use this field for compounding swaps, see the chapter Usage Rules of this MT.

For compounding, non-OIS trades, when there is no payment at the end of the compounding period, this field must be zero.