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MT 305 Field Specifications

54. Field 17Q: Trade with Non-EEA Counterparty Indicator

FORMAT

Option Q 1!a (Indicator)

PRESENCE

Optional in optional sequence B

DEFINITION

This field specifies whether the counterparty has entered into a trade with a non-EEA counterparty that is not subject to the reporting obligation.

CODES

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

N No, the counterparty is domiciled inside the EEA.
Y Yes, the counterparty is domiciled outside the EEA.