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MT 601 Field Specifications

9. Field 23: Further Identification

FORMAT

16x

Must be formatted as:

  4a/4a/1!a/4a (Buy/Sell Indicator)(Call/Put Indicator)(Style Indicator)(Manual/Automatic Indicator)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies whether, from the Sender's point of view, the option is sold or bought, is a put or a call, will exercise manually or automatically. It also indicates the style of the option.

CODES

Buy/Sell Indicator must contain one of the following codes:

BUY The Sender is confirming an option bought
SELL The Sender is confirming an option sold

CODES

Call/Put Indicator must contain one of the following codes:

CALL The Sender is confirming a call option
PUT The Sender is confirming a put option

CODES

Style Indicator must contain one of the following codes (Error code(s): T09):

A This is an American style option
B This is a Bermudan style option
E This is a European style option
V This is an Asian style option

CODES

Manual/Automatic Indicator must contain one of the following codes:

AUTO The exercise of the option is automatic
MANU The exercise of the option is manual