MT 300 Field Specifications

17. Field 17O: NDF Open Indicator

FORMAT

Option O

1!a

(Indicator)

PRESENCE

Conditional (see rule C7) in mandatory sequence A

DEFINITION

For a non-deliverable trade, this field specifies whether or not the confirmation is for an opening instruction.

CODES

Indicator must contain one of the following codes (Error code(s): T36):

N	The valuation confirmation
Y	The opening confirmation

USAGE RULES

For an NDF opening confirmation, this field must contain "Y".

For an NDF valuation (also known as fixing) confirmation this field must contain "N".