MT 305 Field Specifications

5. Field 23: Further Identification

FORMAT

16x

Must be formatted as:

4a/4a/1!a/3!a

(Code 1)(Code 2)(Code 3)(Currency)

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 call, and indicates the style and the underlying currency.

CODES

Code 1 must contain one of the following codes:

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

CODES

Code 2 must contain one of the following codes:

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

CODES

Code 3 must contain one of the following codes (Error code(s): T09):

A	This is an American style option
E	This is a European style option

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).