Show/Hide TOC

MT 601 Field Specifications

24. Field 77D: Terms and Conditions

FORMAT

Option D 6*35x (Narrative)

PRESENCE

Conditional (see rule C4) in mandatory sequence A

DEFINITION

This field contains additional information concerning the terms and conditions of the underlying agreement.

NETWORK VALIDATED RULES

The presence of field 77D depends on the value of Type of Agreement (subfield 1 of field 77H) as per Network Validation Rule C4 (Error code(s): D36).

USAGE RULES

This field should be used in trades where the Master Agreement is not ISDA.