Narrative
On 1 February 1991, Samuel Montagu & Co. Ltd., London, sends its semi-monthly statement of the commodity account it services for Deutsche Bank AG, Frankfurt.
This statement advises that Deutsche Bank's unallocated gold account was:
debited 10000 fine ounces on 17 January 1991 resulting from an MT 604 with a TRN of F56445677 sent by Deutsche Bank AG, Frankfurt, following a commodity trade with Banca Populare Dell'Etruria, Arezzo.
credited 2000 fine ounces on 24 January 1991 as previously advised by an MT 607 with a common reference of CRESZZ3105DEUTFF in field 21 resulting from an MT 600 between the Receiver and Credit Suisse, Zurich.
debited 10000 fine ounces on 27 January 1991 resulting from an MT 604 with a TRN F65633469 sent by Deutsche Bank AG, Frankfurt, following a commodity trade with Dei Paschi Di Siena, Milan.
Information Flow
SWIFT Message
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| Transaction Reference Number |
|
| Identification of the Commodity |
|
| Statement Number/Page Number |
|
| Opening Balance
(1) |
|
| 1st Transaction
(2) |
|
| 2nd Transaction
(3) |
|
| 3rd Transaction
(4) |
|
| Closing Balance
(5) |
|
| End of Message Text/Trailer |
|
(1) The opening balance of the commodity account, which is equivalent to the closing balance of the account in the previous statement of the commodity account.
(2) The statement line for a debit entry dated 17 January 1991 of 10000 fine ounces, resulting from an MT 604.
(3) The statement line for a debit entry dated 25 January 1991 of 10000 fine ounces, resulting from an MT 604.
(4) The statement line for a credit entry dated 24 January 1991 of 2000 fine ounces, resulting from an MT 607.
(5) The closing balance of the commodity account following the credit of 2000 fine ounces and the two debits of 10000 fine ounces each.
