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MT 306 Field Specifications

13. Field 17F: Non-Deliverable Indicator

FORMAT

Option F 1!a (Indicator)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

The Non-Deliverable Indicator (NDO) specifies whether the option is deliverable or not.

CODES

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

N A deliverable option
Y A non-deliverable option, that is, the option seller will pay the option buyer the in-the-money amount, if positive, on settlement date