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ISO 15022
Data Field Dictionary

MT380: (28) Field 22F: Indicator: Agreement Indicator

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

PRESENCE

Optional in optional sequence C

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

AGRE

N

 

F

Agreement Indicator

DEFINITION

This qualified generic field specifies:

AGRE

Agreement Indicator

Specifies the underlying master agreement.

CODES

If Data Source Scheme is not present, Indicator must contain one of the following codes:

AFBA

AFB Agreement

French Banker's Association Agreement.

BBAA

BBA Agreement

British Banker's Association Agreement.

DERV

German Rahmenvertrag Agreement

German Rahmenvertrag Agreement.

ISCN

ISDA Master Agreement plus Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction

International Swaps and Derivatives Association Agreement plus Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction.

ISDA

ISDA Agreement

International Swaps and Derivatives Association Agreement.

NONR

No Reference

No information about the master agreement is available.

USAGE RULES

For agreements different from the ones listed in the code list for Indicator, field 70E must be used.

Quoting the code ISCN represents the contracts are bound by ISDA Master Agreement plus Additional Disruption Event Provisions for an Offshore Deliverable CNY transaction. In addition, the ISDA Additional Disruption Event Provisions requires certain details to be provided in a confirmation. For the purpose of the ISDA Additional Disruption Event Provisions, "Offshore CNY Centre" is the place of settlement or in the absence of any specific statement, Hong Kong. "Calculation Agent" referred to in the ISDA Additional Disruption Event Provisions is, unless otherwise specified in the applicable confirmation or in any separate written agreement between the parties, the Calculation Agent specified in the master agreement executed between the parties. In the absence of specific terms in the confirmation, any separate written agreement or the master agreement, (a) where each party in a transaction is a direct participant (or an affiliate of a direct participant), or neither party is a direct participant (or an affiliate of a direct participant), to the clearing system for offshore CNY at the place of settlement, both parties shall be Calculation Agents; or (b) in all other circumstances, only the party that is a direct participant (or an affiliate of a direct participant) to the clearing system for offshore CNY at the place of settlement shall be the Calculation Agent. If both parties are Calculation Agents and they are unable to agree on a determination, each party agrees to be bound by the determination of an independent leading dealer in the relevant type of transaction mutually selected by the parties, who shall act as the substitute Calculation Agent, with the fees and expenses of such substitute Calculation Agent (if any) to be met equally by the two parties. If the two parties are unable to agree on an independent leading dealer to act as substitute Calculation Agent, each party shall select an independent leading dealer, and such independent leading dealers shall agree on an independent third party who shall be deemed to be the substitute Calculation Agent.