MT 340 Format Specifications

The MT 340 consists of seven sequences:

• Sequence A General Information contains general information about the FRA as well as about the confirmation itself

• Sequence B Transaction Details contains information about the transaction

• Sequence C Settlement Instructions for Settlement Amount Payable by Party B provides the settlement instructions for party B

• Sequence D Settlement Instructions for Settlement Amount Payable by Party A provides the settlement instructions for party A

• Sequence E Additional Information provides information, which is not match-critical.

• Sequence F Additional Amounts provides information on additional fees

• Sequence G Reporting Information provides transaction information that must be reported to a trade repository. This sequence is optional and is only to be used for reporting to trade repositories, although some fields, for example, unique transaction identifier and prior unique transaction identifier, might be used on regular confirmations.

MT 340 Forward Rate Agreement Confirmation

Status	Tag	Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	15A	New Sequence	Empty field	1
M	20	Sender's Reference	16x	2
O	21	Related Reference	16x	3
M	22A	Type of Operation	4!c	4
O	94A	Scope of Operation	4!c	5
M	22C	Common Reference	4!a2!c4!n4!a2!c	6
M	23D	Type of FRA	10a	7
O	21N	Contract Number Party A	16x	8
O	21B	Contract Number Party B	16x	9
M	82a	Party A	A or D	10
M	87a	Party B	A or D	11
M	77H	Type, Date, Version of the Agreement	6a[/8!n][//4!n]	12
O	14C	Year of Definitions	4!n	13
End of Sequence A General Information
Mandatory Sequence B Transaction Details
M	15B	New Sequence	Empty field	14
M	30T	Trade Date	8!n	15
M	32B	Currency, Notional Amount	3!a15d	16
M	30F	Effective Date	8!n	17
M	30P	Termination Date	8!n	18
M	37M	Fixed Rate	[N]12d	19
M	14F	Floating Rate Option	24x	20
Optional Subsequence B1 AFB and FRABBA Details
M	30V	Fixing Date	8!n	21
M	38D	Contract Period	4n	22
End of Subsequence B1 AFB and FRABBA Details
Mandatory Subsequence B2 Other Details
M	38G	Designated Maturity	2n1!a/2n1!a	23
M	14D	Floating Rate Day Count Fraction	7x	24
M	17F	FRA Discounting	1!a	25
M	18A	Number of Repetitions	5n	26
----->
M	22B	Financial Centre	4!c	27
-----|
End of Subsequence B2 Other Details
End of Sequence B Transaction Details
Mandatory Sequence C Settlement Instructions for Settlement Amount Payable by Party B
M	15C	New Sequence	Empty field	28
O	53a	Delivery Agent	A, D, or J	29
O	86a	Intermediary 2	A, D, or J	30
O	56a	Intermediary	A, D, or J	31
M	57a	Receiving Agent	A, D, or J	32
O	58a	Beneficiary Institution	A, D, or J	33
End of Sequence C Settlement Instructions for Settlement Amount Payable by Party B
Mandatory Sequence D Settlement Instructions for Settlement Amount Payable by Party A
M	15D	New Sequence	Empty field	34
O	53a	Delivery Agent	A, D, or J	35
O	86a	Intermediary 2	A, D, or J	36
O	56a	Intermediary	A, D, or J	37
M	57a	Receiving Agent	A, D, or J	38
O	58a	Beneficiary Institution	A, D, or J	39
End of Sequence D Settlement Instructions for Settlement Amount Payable by Party A
Optional Sequence E Additional Information
M	15E	New Sequence	Empty field	40
O	29A	Contact Information	4*35x	41
O	24D	Dealing Method	4!c[/35x]	42
O	88a	Broker Identification	A or D	43
O	71F	Broker's Commission	3!a15d	44
O	21G	Broker's Reference	16x	45
O	72	Sender to Receiver Information	6*35x	46
End of Sequence E Additional Information
Optional Sequence F Additional Amounts
M	15F	New Sequence	Empty field	47
M	18A	Number of Repetitions	5n	48
----->
M	30F	Payment Date	8!n	49
M	32H	Currency, Payment Amount	[N]3!a15d	50
-----|
O	53a	Delivery Agent	A, D, or J	51
O	86a	Intermediary 2	A, D, or J	52
O	56a	Intermediary	A, D, or J	53
M	57a	Receiving Agent	A, D, or J	54
End of Sequence F Additional Amounts
Optional Sequence G Reporting Information
M	15G	New Sequence	Empty field	55
-----> Optional Repetitive Subsequence G1 Reporting Parties
M	22L	Reporting Jurisdiction	35x	56
O	91a	Reporting Party	A, D, or J	57
-----> Optional Repetitive Subsequence G1a Unique Transaction Identifier
M	22M	UTI Namespace/Issuer Code	30x	58
M	22N	Transaction Identifier	32x	59
-----> Optional Repetitive Subsequence G1a1 Prior Unique Transaction Identifier
M	22P	PUTI Namespace/Issuer Code	30x	60
M	22R	Prior Transaction Identifier	32x	61
-----| End of Subsequence G1a1 Prior Unique Transaction Identifier
-----| End of Subsequence G1a Unique Transaction Identifier
-----| End of Subsequence G1 Reporting Parties
O	96a	Clearing Exception Party	A, D, or J	62
----->
O	22S	Clearing Broker Identification	1!a/35x	63
-----|
O	22T	Cleared Product Identification	35x	64
O	17E	Clearing Threshold Indicator	1!a	65
O	22U	Underlying Product Identifier	6a	66
O	35B	Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	67
O	17H	Allocation Indicator	1!a	68 67
O	17P	Collateralisation Indicator	1!a	69 68
O	22V	Execution Venue	35x	70 69
O	98D	Execution Timestamp	8!n6!n[,3n][/[N]2!n[2!n]]	71 70
O	17W	Non Standard Flag	1!a	72 71
O	17Y	Financial Nature of the Counterparty Indicator	1!a	73 72
O	17Z	Collateral Portfolio Indicator	1!a	74 73
O	22Q	Collateral Portfolio Code	10x	75 74
O	17L	Portfolio Compression Indicator	1!a	76 75
O	17M	Corporate Sector Indicator	1!a	77 76
O	17Q	Trade with Non-EEA Counterparty Indicator	1!a	78 77
O	17S	Intragroup Trade Indicator	1!a	79 78
O	17X	Commercial or Treasury Financing Indicator	1!a	80 79
O	77A	Additional Reporting Information	20*35x	81 80
End of Sequence G Reporting Information
M = Mandatory, O = Optional - Network Validated Rules may apply