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MT 360 Field Specifications

18. Field 17A: Collateral Agreement Indicator

FORMAT

Option A 1!a (Indicator)

PRESENCE

Optional in mandatory sequence A

DEFINITION

This field indicates whether or not the deal being confirmed is included in a collateral agreement between the parties.

CODES

Indicator must contain one the following codes (Error code(s): T36):

N The deal being confirmed is not included in a collateral agreement.
Y The deal being confirmed is included in a collateral agreement.

USAGE RULES

The absence of this field means that at the moment the confirmation is sent, no information is available on the inclusion of the deal in a collateral agreement. If for a given deal a confirmation had to be sent before information on the collateral was available, and this information becomes subsequently available, the original confirmation should be amended or cancelled and replaced by a new confirmation containing the collateral agreement indicator.