Narrative
On 22 January 1991, Deutsche Bank AG, Frankfurt, agrees to purchase 2000 fine ounces of gold in 9999 gold bars, Loco London, from Crédit Suisse, Zürich.
(To review the MT 600 related to this message, see the Example section of the MT 600.)
Crédit Suisse, Zürich, sends a Commodity Transfer/Delivery Order to Samuel Montagu & Co. Ltd., London, to transfer 2000 fine ounces of gold to the gold account of Deutsche Bank AG, Frankfurt, in settlement of the deal.
Information Flow
SWIFT Message
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Commodity and Commodity Account |
|
| Value Date |
|
| Transaction Reference Number |
|
| Related Reference
(1) |
|
| Further Identification |
|
| Quantity of the Commodity |
|
| Beneficiary of the Commodity |
|
| End of Message Text/Trailer |
|
Narrative
ABC Investments, Toronto, instructs The Bank of Nova Scotia, Toronto, to deliver 500 Britannia coins to Samuel Montagu & Co. Ltd., London, for the account of Roberts Gemstones Ltd., London, on 12 November 1992.
The Bank of Nova Scotia, Toronto, sends a Commodity Delivery Order instructing its correspondent Morgan Guaranty Trust Company of New York, London, to deliver the coins to Samuel Montagu & Co. Ltd., London, in favour of Roberts Gemstones Ltd., London.
Information Flow
SWIFT Message
| Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Commodity and Commodity Account |
|
| Value Date |
|
| Transaction Reference Number |
|
| Related Reference |
|
| Further Identification
(1) |
|
| Quantity of the Commodity |
|
| Instructing Party |
|
| Receiver of the Commodity
(2) |
|
| Beneficiary of the Commodity
(3) |
|
| End of Message Text/Trailer |
|
(1) The code indicating that this is a delivery order.
(2) The financial institution to which the Receiver is to deliver the commodity.
(3) The party in favour of which the commodity is to be delivered.
