MT 306 Field Specifications
13. Field 17F: Non-Deliverable Indicator
FORMAT
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 |