MT 306 Field Specifications
24. Field 17V: Buy (Sell) Indicator
FORMAT
PRESENCE
Mandatory in mandatory sequence B
DEFINITION
This field specifies whether party A is the buyer or the seller of the option.
CODES
Indicator must contain one of the following codes (Error code(s): T67):
B |
Buyer: party A pays the premium and receives the payout amount if applicable. |
S |
Seller: party A receives the premium and pays the payout amount if applicable. |