MT 341 Format Specifications

The MT 341 consists of four 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 the Settlement Amount provides the settlement instructions.

• Sequence D 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 341 Forward Rate Agreement Settlement 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
O	29A	Contact Information	4*35x	12
O	72	Sender to Receiver Information	6*35x	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
Optional Subsequence B1 AFB and FRABBA Details
O	30V	Fixing Date	8!n	20
O	38D	Contract Period	4n	21
End of Subsequence B1 AFB and FRABBA Details
End of Sequence B Transaction Details
Mandatory Sequence C Settlement Instructions for the Settlement Amount
M	15C	New Sequence	Empty field	22
M	37R	Settlement Rate	[N]12d	23
M	34E	Settlement Currency and Amount	[N]3!a15d	24
O	53a	Delivery Agent	A, D, or J	25
O	86a	Intermediary 2	A, D, or J	26
O	56a	Intermediary	A, D, or J	27
M	57a	Receiving Agent	A, D, or J	28
O	58a	Beneficiary Institution	A, D, or J	29
End of Sequence C Settlement Instructions for the Settlement Amount
Optional Sequence D Reporting Information
M	15D	New Sequence	Empty field	30
-----> Optional Repetitive Subsequence D1 Reporting Parties
M	22L	Reporting Jurisdiction	35x	31
O	91a	Reporting Party	A, D, or J	32
-----> Optional Repetitive Subsequence D1a Unique Transaction Identifier
M	22M	UTI Namespace/Issuer Code	30x	33
M	22N	Transaction Identifier	32x	34
-----> Optional Repetitive Subsequence D1a1 Prior Unique Transaction Identifier
M	22P	PUTI Namespace/Issuer Code	30x	35
M	22R	Prior Transaction Identifier	32x	36
-----| End of Subsequence D1a1 Prior Unique Transaction Identifier
-----| End of Subsequence D1a Unique Transaction Identifier
-----| End of Subsequence D1 Reporting Parties
O	96a	Clearing Exception Party	A, D, or J	37
----->
O	22S	Clearing Broker Identification	1!a/35x	38
-----|
O	22T	Cleared Product Identification	35x	39
O	17E	Clearing Threshold Indicator	1!a	40
O	22U	Underlying Product Identifier	6a	41
O	35B	Identification of Financial Instrument	[ISIN1!e12!c] [4*35x]	42
O	17H	Allocation Indicator	1!a	43 42
O	17P	Collateralisation Indicator	1!a	44 43
O	22V	Execution Venue	35x	45 44
O	98D	Execution Timestamp	8!n6!n[,3n][/[N]2!n[2!n]]	46 45
O	17W	Non Standard Flag	1!a	47 46
O	17Y	Financial Nature of the Counterparty Indicator	1!a	48 47
O	17Z	Collateral Portfolio Indicator	1!a	49 48
O	22Q	Collateral Portfolio Code	10x	50 49
O	17L	Portfolio Compression Indicator	1!a	51 50
O	17M	Corporate Sector Indicator	1!a	52 51
O	17Q	Trade with Non-EEA Counterparty Indicator	1!a	53 52
O	17S	Intragroup Trade Indicator	1!a	54 53
O	17X	Commercial or Treasury Financing Indicator	1!a	55 54
O	77A	Additional Reporting Information	20*35x	56 55
End of Sequence D Reporting Information
M = Mandatory, O = Optional - Network Validated Rules may apply