MT 306 Format Specifications

The MT 306 consists of thirteen sequences:

• Sequence A General Information contains general information about the option as well as about the confirmation itself

• Sequence B Transaction Details contains information about the transaction

• Sequence C Settlement Instructions for Payment of Premium provides the instructions for the payment of the premium

• Sequence D Vanilla Block provides the specific deal details for vanilla options

• Sequence E Payout Amount contains information about the payout amount for non-vanilla options

• Sequence F Barrier Block provides the barrier information

• Sequence G Trigger Block contains information about the trigger(s) for non-vanilla options

• Sequence H Non Deliverable Option Block provides specific details for the non-deliverable options

• Sequence I Early Termination specifies the details for the early termination of an option.

• Sequence J Averaging Options and Forwards specifies the details for averaging options and averaging forwards.

• Sequence K Additional Information provides information, which is not match-critical.

• Sequence L Additional Amounts specifies the different fees, which may be associated with the events occurring during the life of the option, for example a close-out.

• Sequence M Reporting Information provides transaction information that must be reported to a trade repository. This sequence is optional and is only to be used for reporting to trade repositories, although some fields, for example, unique transaction identifier and prior unique transaction identifier, might be used on regular confirmations.

MT 306 Foreign Currency Option Confirmation

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	15A	New Sequence	Empty field	1
M	20	Sender's Reference	16x	2
O	21	Related Reference	16x	3
M	22A	Type of Operation	4!c	4
O	94A	Scope of Operation	4!c	5
M	22C	Common Reference	4!a2!c4!n4!a2!c	6
M	21N	Contract Number Party A	16x	7
O	21B	Contract Number Party B	16x	8
M	12F	Option Style	4!c	9
M	12E	Expiration Style	4!c	10
O	12D	Option Type	4!c	11
M	17A	Barrier Indicator	1!a	12
M	17F	Non-Deliverable Indicator	1!a	13
M	22K	Type of Event	4!c[/35x]	14
O	30U	Date of Trigger Hit	8!n	15
O	29H	Location of Trigger Hit	4!c	16
M	82a	Party A	A, D, or J	17
M	87a	Party B	A, D, or J	18
O	83a	Fund or Beneficiary Customer	A, D, or J	19
M	77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	20
O	77D	Additional Conditions	6*35x	21
O	14C	Year of Definitions	4!n	22
End of Sequence A General Information
Mandatory Sequence B Transaction Details
M	15B	New Sequence	Empty field	23
M	17V	Buy (Sell) Indicator	1!a	24
M	30T	Trade Date	8!n	25
M	30X	Expiration Date	8!n	26
M	29E	Expiration Location and Time	4!c/4!n	27
M	30a	Final Settlement Date	F or J	28
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	29
-----|
Optional Subsequence B1 Premium Details
O	37K	Premium Price	3!a12d	30
M	30V	Premium Payment Date	8!n	31
M	34B	Premium Currency and Amount	3!a15d	32
End of Subsequence B1 Premium Details
Mandatory Subsequence B2 Calculation Agent
M	84a	Calculation Agent	A, B, D, or J	33
End of Subsequence B2 Calculation Agent
End of Sequence B Transaction Details
Optional Sequence C Settlement Instructions for Payment of Premium
M	15C	New Sequence	Empty field	34
O	53a	Delivery Agent	A, D, or J	35
O	86a	Intermediary 2	A, D, or J	36
O	56a	Intermediary	A, D, or J	37
M	57a	Receiving Agent	A, D, or J	38
O	58a	Beneficiary Institution	A, D, or J	39
End of Sequence C Settlement Instructions for Payment of Premium
Optional Sequence D Vanilla Block
M	15D	New Sequence	Empty field	40
O	30P	Earliest Exercise Date	8!n	41
----->
O	30Q	Intermediate Exercise Date	8!n	42
-----|
M	26F	Settlement Type	9a	43
M	32B	Put Currency and Amount	3!a15d	44
M	36	Strike Price	12d	45
M	33B	Call Currency and Amount	3!a15d	46
End of Sequence D Vanilla Block
Optional Sequence E Payout Amount
M	15E	New Sequence	Empty field	47
M	33E	Currency, Amount	3!a15d	48
O	30H	Touch Payment Date	8!n	49
O	53a	Delivery Agent	A, D, or J	50
O	86a	Intermediary 2	A, D, or J	51
O	56a	Intermediary	A, D, or J	52
M	57a	Receiving Agent	A, D, or J	53
O	58a	Beneficiary Institution	A, D, or J	54
End of Sequence E Payout Amount
Optional Sequence F Barrier Block
M	15F	New Sequence	Empty field	55
M	22G	Type of Barrier	4!c	56
M	37J	Barrier Level	12d	57
O	37L	Lower Barrier Level	12d	58
-----> Optional Repetitive Subsequence F1 Barrier Window Block
M	30G	Barrier Window Start Date and End Date	8!n/8!n	59
M	29J	Location and Time for Start Date	4!c[/4!n]	60
M	29K	Location and Time for End Date	4!c/4!n	61
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	62
-----|
-----| End of Subsequence F1 Barrier Window Block
End of Sequence F Barrier Block
-----> Optional Repetitive Sequence G Trigger Block
M	15G	New Sequence	Empty field	63
M	22J	Type of Trigger	4!c	64
M	37U	Trigger Level	12d	65
O	37P	Lower Trigger Level	12d	66
M	32Q	Currency Pair	3!a/3!a	67
----->
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	68
-----|
-----| End of Sequence G Trigger Block
Optional Sequence H Non Deliverable Option Block
M	15H	New Sequence	Empty field	69
----->
M	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	70
-----|
M	32E	Settlement Currency	3!a	71
End of Sequence H Non Deliverable Option Block
Optional Sequence I Early Termination
M	15I	New Sequence	Empty field	72
M	12G	Early Termination Style	4!c	73
O	30T	Early Termination Date	8!n	74
O	22Y	Frequency of Early Termination	4!c	75
O	85a	Exercising Party	A, D, or J	76
O	88a	Non-Exercising Party	A, D, or J	77
M	84a	Calculation Agent	A, B, D, or J	78
O	30Y	Commencement Date	8!n	79
O	29L	Expiry Details	8!n/4!c/4!n	80
O	29E	Earliest Exercise Time	4!c/4!n	81
O	29M	Latest Exercise Time	4!c/4!n	82
O	17I	Cash Settlement	1!a	83
O	29N	Cash Settlement Valuation Details	8!n/4!c/4!n	84
O	30Z	Cash Settlement Payment Date	8!n	85
O	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	86
End of Sequence I Early Termination
Optional Sequence J Averaging Options and Forwards
M	15J	New Sequence	Empty field	87
M	14S	Settlement Rate Source	3!a2n[/4!n/4!c]	88
O	14B	Average Strike Price Calculation	2!c	89
M	16C	Decimal Places	2n	90
Optional Subsequence J1 Spot Average Dates and Weightings
M	18B	Number of Spot Averaging Dates	3n	91
----->
M	30M	Spot Averaging Date	8!n	92
M	19Y	Spot Averaging Weighting Factor	15d	93
-----|
End of Subsequence J1 Spot Average Dates and Weightings
Optional Subsequence J2 Strike Average Dates and Weightings
M	18C	Number of Strike Averaging Dates	3n	94
----->
M	30N	Strike Averaging Date	8!n	95
M	19Z	Strike Averaging Weighting Factor	15d	96
-----|
End of Subsequence J2 Strike Average Dates and Weightings
O	19C	Adjustment	[N]15d	97
O	23C	Calculation of Settlement Amount	7a	98
End of Sequence J Averaging Options and Forwards
Optional Sequence K Additional Information
M	15K	New Sequence	Empty field	99
O	29A	Contact Information	4*35x	100
O	24D	Dealing Method	4!c[/35x]	101
O	88a	Broker Identification	A or D	102
O	71F	Broker's Commission	3!a15d	103
O	21G	Broker's Reference	16x	104
O	72	Sender to Receiver Information	6*35x	105
End of Sequence K Additional Information
Optional Sequence L Additional Amounts
M	15L	New Sequence	Empty field	106
M	18A	Number of Repetitions	5n	107
----->
M	30F	Payment Date	8!n	108
M	32H	Currency, Payment Amount	[N]3!a15d	109
-----|
O	53a	Delivery Agent	A, D, or J	110
O	86a	Intermediary 2	A, D, or J	111
O	56a	Intermediary	A, D, or J	112
M	57a	Receiving Agent	A, D, or J	113
End of Sequence L Additional Amounts
Optional Sequence M Reporting Information
M	15M	New Sequence	Empty field	114
-----> Optional Repetitive Subsequence M1 Reporting Parties
M	22L	Reporting Jurisdiction	35x	115
O	91a	Reporting Party	A, D, or J	116
-----> Optional Repetitive Subsequence M1a Unique Transaction Identifier
M	22M	UTI Namespace/Issuer Code	30x	117
M	22N	Transaction Identifier	32x	118
-----> Optional Repetitive Subsequence M1a1 Prior Unique Transaction Identifier
M	22P	PUTI Namespace/Issuer Code	30x	119
M	22R	Prior Transaction Identifier	32x	120
-----| End of Subsequence M1a1 Prior Unique Transaction Identifier
-----| End of Subsequence M1a Unique Transaction Identifier
-----| End of Subsequence M1 Reporting Parties
O	96a	Clearing Exception Party	A, D, or J	121
----->
O	22S	Clearing Broker Identification	1!a/35x	122
-----|
O	22T	Cleared Product Identification	35x	123
O	17E	Clearing Threshold Indicator	1!a	124
O	22U	Underlying Product Identifier	6a	125
O	35B	Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	126
O	17H	Allocation Indicator	1!a	127 126
O	17P	Collateralisation Indicator	1!a	128 127
O	22V	Execution Venue	35x	129 128
O	98D	Execution Timestamp	8!n6!n[,3n][/[N]2!n[2!n]]	130 129
O	17W	Non Standard Flag	1!a	131 130
O	17Y	Financial Nature of the Counterparty Indicator	1!a	132 131
O	17Z	Collateral Portfolio Indicator	1!a	133 132
O	22Q	Collateral Portfolio Code	10x	134 133
O	17L	Portfolio Compression Indicator	1!a	135 134
O	17M	Corporate Sector Indicator	1!a	136 135
O	17Q	Trade with Non-EEA Counterparty Indicator	1!a	137 136
O	17S	Intragroup Trade Indicator	1!a	138 137
O	17X	Commercial or Treasury Financing Indicator	1!a	139 138
O	77A	Additional Reporting Information	20*35x	140 139
End of Sequence M Reporting Information
M = Mandatory, O = Optional - Network Validated Rules may apply