Narrative
On 22 January 2007, Deutsche Bank AG, Frankfurt, via telephone, buys 2000 fine ounces in 9999 gold bars at US Dollars 360.50 per ounce, loco London, from Crédit Suisse, Zürich.
On 24 January 2007, the agreed settlement date, Crédit Suisse, Zürich, will transfer the gold to the gold account of Deutsche Bank AG, Frankfurt, held with Samuel Montagu & Co. Ltd., London.
Deutsche Bank AG, Frankfurt, will transfer US Dollars 721,000 to the account of Crédit Suisse, Zürich, with Chase Manhattan Bank, New York.
Information Flow
SWIFT Message from Deutsche Bank AG, Frankfurt
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Type of Contract
(1) |
|
| Code/Common Reference |
|
| Scope of Operation |
|
| Party A |
|
| Party B |
|
| Date Contract Agreed/Amended |
|
| Identification of the Commodity |
|
| Price Per Unit |
|
| Sender to Receiver Information
(2) |
|
| Quantity of the Commodity
(3) |
|
| Receiver of the Commodity
(4) |
|
| Consideration
(5) |
|
| Account With Institution
(6) |
|
| End of Message Text/Trailer |
|
(1) The code indicating that the commodity contract being confirmed is new.
(2) The code indicating the method by which the deal was agreed.
(3) The type of unit and quantity of the commodity bought by the Sender.
(4) The financial institution where the Sender wishes to receive the commodity specified in field 32F.
(5) The value date, currency code and the amount of the consideration which the Sender will pay for the commodity purchased.
(6) The financial institution where the Sender will transfer the funds specified in field 34P.
SWIFT Message from Crédit Suisse, Zürich
| Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Type of Contract |
|
| Code/Common Reference |
|
| Scope of Operation |
|
| Party A |
|
| Party B |
|
| Date Contract Agreed/Amended |
|
| Identification of the Commodity |
|
| Price Per Unit |
|
| Sender to Receiver Information
(1) |
|
| Quantity of the Commodity Sold
(2) |
|
| Deliverer of the Commodity
(3) |
|
| Consideration
(4) |
|
| Account With Institution
(5) |
|
| End of Message Text/Trailer |
|
(1) The code indicating the method by which the deal was agreed.
(2) The type of unit and quantity of the commodity sold by the Sender.
(3) The financial institution where the Sender will transfer the commodity specified in field 32F, in favour of the Receiver.
(4) The value date, currency code and amount of the consideration which the Sender will be paid for the commodity sold.
(5) The financial institution where the Sender wishes to receive the funds specified in field 34R.
Narrative
Crédit Suisse, Zürich, sends a MT 210 Notice to Receive to Chase Manhattan Bank, New York, providing notification of the funds which are to be received from Deutsche Bank AG, Frankfurt, in settlement of the deal.
Information Flow
SWIFT Message
| Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Value Date |
|
| Related Reference
(1) |
|
| Currency and Amount
(2) |
|
| Ordering Institution
(3) |
|
| End of Message Text/Trailer |
|
(1) The common reference of the related MT 600.
(2) The currency code and amount to be received for the account of Crédit Suisse, Zürich.
(3) The financial institution from which the funds will be transferred to Chase Manhattan Bank, N.Y., in favour of Crédit Suisse, Zürich.
Narrative
Deutsche Bank AG, Frankfurt, will request Chase Manhattan, New York, to credit Crédit Suisse, Zürich, with the funds, value 24 January 1991.
Information Flow
SWIFT Message
| Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Related Reference
(1) |
|
| Value Date/Currency/Amount |
|
| Beneficiary Institution |
|
| End of Message Text/Trailer |
|
