MT 370 Guidelines

It is strongly recommended that field :99A::TRAD Number of Trades is used.

The two counterparties should have a service level agreement (SLA) to agree the time at which the netting should be carried out for the currency.

The netting amount should be derived from matched trades.

In the event on a non-match, the party that has made the mistake must send an amendment. There may be exceptions to this.

Guidelines for Cash Party Subsequence Qualifiers

Example 1- Permitted Combination of Cash Parties Subsequences in a Message

Qualifiers can be in any order, for example, first the BENM, then the ACCW.

Explanation	Format
Start of Cash Parties subsequence	:16R:CSHPRTY
Account With Institution as BIC	:95P::ACCW//JANITHBK
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Beneficiary as BIC	:95P::BENM//PEFICHZZ
End of Cash Parties subsequence	:16S:CHSPRTY

Example 2- Permitted Combination of Cash Parties Subsequences in a Message

Qualifiers can be in any order, for example, first the BENM, then the ACCW.

Explanation	Format
Start of Cash Parties subsequence	:16R:CSHPRTY
Intermediary as BIC	:95P::INT1//GLOBGB22
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Account With Institution as BIC	:95P::ACCW//JANITHBK
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Beneficiary as BIC	:95P::BENM//PEFICHZZ
End of Cash Parties subsequence	:16S:CHSPRTY

Example 3: Permitted Combination of Cash Parties Subsequences in a Message

Qualifiers can be in any order, for example, first the BENM, then the ACCW.

Explanation	Format
Start of Cash Parties subsequence	:16R:CSHPRTY
Intermediary 2 as BIC	:95P::INT2//LOCLUS33
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Intermediary as BIC	:95P::INT1//GLOBUS33
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Account With Institution as BIC	:95P::ACCW//JANITHBK
End of Cash Parties subsequence	:16S:CHSPRTY
Start of Cash Parties subsequence	:16R:CSHPRTY
Beneficiary as BIC	:95P::BENM//PEFICHZZ
End of Cash Parties subsequence	:16S:CHSPRTY