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MT 306 Field Specifications

32. Field 34B: Premium Currency and Amount

FORMAT

Option B 3!a15d (Currency)(Amount)

PRESENCE

Mandatory in conditional (see rule C20) subsequence B1

DEFINITION

This field specifies the premium currency and amount which the buyer of the option pays to the seller.

NETWORK VALIDATED RULES

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The codes XAU, XAG, XPD and XPT are not allowed, as these are codes for commodities for which the category 6 commodities messages must be used (Error code(s): C08).

The integer part of Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum length. The number of digits following the comma must not exceed the maximum number allowed for the specified currency (Error code(s): C03,T40,T43).