MT 365 Field Specifications

6. Field 22B: Type of Event

FORMAT

Option B

4!c

(Type)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field identifies the event being confirmed.

CODES

Type must contain one of the following codes (Error code(s): T93):

PTRC	Partial Termination and Recouponing	The message confirms both the partial termination and recouponing of the transaction. New fixed rates are confirmed and both notional amounts are reduced, the payment of a fee may be applicable and a re-exchange of principals may take place.
PTRM	Partial Termination	The message confirms a partial termination. Both notional amounts are reduced, the payment of a fee may be applicable and a re-exchange of principals may take place.
RCPN	Recouponing	The message confirms the recouponing of the transaction. New fixed rates are confirmed and the payment of a fee may be applicable.
TERM	Termination	The message confirms the termination of the transaction. All outstanding obligations are discharged and may result in the payment of a termination fee. A re-exchange of principals may take place.