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MT 305 Field Specifications

41. Field 17E: Clearing Threshold Indicator

FORMAT

Option E 1!a (Indicator)

PRESENCE

Optional in optional sequence B

DEFINITION

This field specifies whether the contract is above or below the clearing threshold.

CODES

The following codes must be used (Error code(s): T36):

N The contract is below the clearing threshold.
Y The contract is above the clearing threshold.

USAGE RULES

This field is only required for a non-financial counterparty (as per European Markets Infrastructure Regulation).