Note
The use of this message type requires Message User Group (MUG) registration.
MT321 Scope
This message is sent by a fund manager to the fund's custodian to advise the trade details and instruct the settlement of a fixed term loan/deposit done with a third party financial institution. The trade may cover one single trade or one block trade.
The definition of third party must be agreed up front between the fund manager and the custodian relative to deals executed by the custodians' treasury area on behalf of the fund manager.
This message is used to:
provide details about a new contract between the parties
provide details of a rollover/renovation of a contract between the parties
provide details of the maturity of a contract
cancel a previously sent message.
MT321 Format Specifications
| Status | Tag | Qualifier | Generic Field Name | Detailed Field Name | Content/Options | No. |
|---|---|---|---|---|---|---|
Mandatory Sequence A General Information |
||||||
M |
16R |
|
|
GENL | 1 |
|
-----> |
||||||
M |
20C |
4!c |
Reference |
:4!c//16x | 2 |
|
-----| |
||||||
M |
23G |
|
|
4!c[/4!c] | 3 |
|
-----> |
||||||
M |
22H |
4!c |
Indicator |
:4!c//4!c | 4 |
|
-----| |
||||||
-----> |
||||||
O |
99B |
4!c |
Number Count |
:4!c//3!n | 5 |
|
-----| |
||||||
-----> Optional Repetitive Subsequence A1 Linkages |
||||||
M |
16R |
|
|
LINK | 6 |
|
O |
13a |
LINK |
Number Identification |
A or B | 7 |
|
M |
20C |
4!c |
Reference |
:4!c//16x | 8 |
|
M |
16S |
|
|
LINK | 9 |
|
-----| End of Subsequence A1 Linkages |
||||||
M |
16S |
|
|
GENL | 10 |
|
End of Sequence A General Information |
||||||
Mandatory Sequence B Loan/Deposit Details |
||||||
M |
16R |
|
|
LDDET | 11 |
|
M |
20C |
CONU |
Reference |
:4!c//16x | 12 |
|
-----> |
||||||
M |
22H |
4!c |
Indicator |
:4!c//4!c | 13 |
|
-----| |
||||||
-----> |
||||||
M |
98A |
4!c |
Date/Time |
:4!c//8!n | 14 |
|
-----| |
||||||
-----> |
||||||
M |
19A |
4!c |
Amount |
:4!c//[N]3!a15d | 15 |
|
-----| |
||||||
M |
92A |
INTR |
Rate |
:4!c//[N]15d | 16 |
|
O |
99B |
DAAC |
Number Count |
:4!c//3!n | 17 |
|
O |
94C |
COUN |
Payment Clearing Centre |
:4!c//2!a | 18 |
|
Mandatory Subsequence B1 Loan/Deposit Parties 1 |
||||||
M |
16R |
|
|
LDPRTY1 | 19 |
|
M |
95a |
LDCO |
Party |
P, Q, or R | 20 |
|
M |
16S |
|
|
LDPRTY1 | 21 |
|
End of Subsequence B1 Loan/Deposit Parties 1 |
||||||
Mandatory Subsequence B2 Loan/Deposit Parties 2 |
||||||
M |
16R |
|
|
LDPRTY2 | 22 |
|
O |
95a |
INVE |
Party |
P, Q, or R | 23 |
|
M |
97A |
SAFE |
Account |
:4!c//35x | 24 |
|
M |
16S |
|
|
LDPRTY2 | 25 |
|
End of Subsequence B2 Loan/Deposit Parties 2 |
||||||
Optional Subsequence B3 Other Parties |
||||||
M |
16R |
|
|
OTHRPRTY | 26 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, or R | 27 |
|
-----| |
||||||
M |
16S |
|
|
OTHRPRTY | 28 |
|
End of Subsequence B3 Other Parties |
||||||
M |
16S |
|
|
LDDET | 29 |
|
End of Sequence B Loan/Deposit Details |
||||||
-----> Mandatory Repetitive Sequence C Settlement Details |
||||||
M |
16R |
|
|
SETDET | 30 |
|
M |
22H |
PRIT |
Indicator |
:4!c//4!c | 31 |
|
-----> Mandatory Repetitive Subsequence C1 Settlement Parties |
||||||
M |
16R |
|
|
SETPRTY | 32 |
|
-----> |
||||||
M |
95a |
4!c |
Party |
P, Q, or R | 33 |
|
-----| |
||||||
O |
97A |
CASH |
Account |
:4!c//35x | 34 |
|
O |
70C |
PACO |
Narrative |
:4!c//4*35x | 35 |
|
M |
16S |
|
|
SETPRTY | 36 |
|
-----| End of Subsequence C1 Settlement Parties |
||||||
M |
16S |
|
|
SETDET | 37 |
|
-----| End of Sequence C Settlement Details |
||||||
MT321 Network Validated Rules
C1 In sequence B, the presence of field 19A and of field :98A::INTR depends on field :22H::TLDE in sequence A as follows:
Sequence A
if field :22H::TLDE Indicator is ...
Sequence B
then field :98A::INTR is ...
Sequence B
and field :19A::SETT is ...
Sequence B
and field :19A::RODI is ...
Sequence B
and field :19A::CINT is ...
Sequence B
and field :19A::NINT is ...
CONF
Mandatory
Not allowed
Not allowed
Not allowed
Mandatory
ROLL
Mandatory
Mandatory
Optional
Optional
Mandatory
MATU
Not allowed
Mandatory
Not allowed
Optional
Not allowed
C2 In sequence B, the presence of field :98A::LDFP depends on the value of field :22H::TLDE as follows:
Sequence A
if field :22H::TLDE is ...
Sequence B
then field :98A::LDFP is ...
MATU
Not allowed
Not MATU
Optional
C3 In sequence B, the presence of field :99B::DAAC depends on the presence of field :98A::LDFP as follows:
Sequence B
if field :98A::LDFP is ...
Sequence B
then field :99B::DAAC is ...
Present
Mandatory
Not present
Not allowed
C4 In each occurrence of sequence C, the following party fields for subsequence C1 cannot appear more than once:
Subsequence C1
:95a::CDEA
:95a::INT2
:95a::INTE
:95a::ACCW
:95a::BENM
C5 One occurrence of sequence C must have a field 22H with the following value:
:22H::PRIT//APFM
C6 One occurrence of sequence C must have a field 22H with the following value:
:22H::PRIT//APCP
C7 In sequence C the following fields cannot appear more than once:
Sequence C
:22H::PRIT//APFM
:22H::PRIT//APCP
:22H::PRIT//IPFM
:22H::PRIT//IPCP
C8 In sequence B, the currency code in the amount field 19A must be the same for all occurrences of this field in the message.
C9 In each occurrence of sequence C, the presence of the different parties (fields 95a::CDEA and 95a::ACCW) in subsequence C1 depends on the content of field 22H as follows:
In each occurrence of sequence C
if field :22H::PRIT is ...
In one occurrence of subsequence C1
then field ...
APCP or IPCP
95a::CDEA is Mandatory
APFM or IPFM
95a::ACCW is Mandatory
C10 In sequence A, the presence of field :99B depends on the presence of field 22H::BLOC as follows:
Sequence A
if field :22H::BLOC is ...
Sequence A
then field :99B is ...
Present
Mandatory
Not present
Not allowed
C11 In sequence A, if field 99B is present, then all qualifiers must be present.
C12 In subsequence B3, all qualifiers of field 95a are optional, but at least one qualifier (any one) must be present.
