Option A | 4!c | (Scope) |
Optional in mandatory sequence A
This field specifies the role of the Sender and the Receiver of the message in the conclusion of the confirmed trade.
Scope must contain one of the following codes (Error code(s): T36):
AGNT | Sender/Receiver is sending/receiving the message on behalf of a third party. |
BILA | Bilateral confirmation, that is, Sender and Receiver are the principals. |
BROK | Confirmation is sent by a money broker. |
The absence of this field means that the Sender and the Receiver are the principals, that is, Scope is BILA.
AGNT is used when the confirmation has been sent or received on behalf of a separate legal party and that party has done the deal.