What is MT306?

Purpose of the message MT306 Confirms or notifies the details of a foreign currency option contract.

What is MT305?

Scope of the message MT305 It is used to confirm the details of: a new contract between the parties. an amendment to a previously agreed contract. the cancellation of a confirmation. the surrender of an option by the buyer (holder) to the seller (grantor) for compensation.

What is an mt300?

The MT 300 is used to: confirm the details of a new contract between the parties. confirm an exercised foreign currency option. confirm the details of an amendment to a previously sent confirmation. cancel a previously sent confirmation.

What is MT303?

Scope of the message MT303 This message is sent by an instructing party, for example, a fund manager, or its authorised representative, to an executing broker to instruct the allocation of either a block foreign exchange trade or a block currency option.

What is MT360?

Purpose of the message MT360 Confirms the details of a single currency interest rate derivative transaction.

What is mt192 SWIFT message?

This message is: sent by a financial institution to request a second financial institution to consider cancellation of the SWIFT message identified in the request. sent by a corporate customer to request a financial institution to consider cancellation of the SWIFT message identified in the request.

Who can send SWIFT messages?

Through SWIFT, banks, custodians, investment institutions, central banks, market infrastructures and corporate clients, can connect with one another exchanging structured electronic messages to perform common business processes, such as making payments or settling trades.

What is MT321?

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. This message is used to: provide details about a new contract between the parties.

What is MT320?

Scope of the message MT320 This message is exchanged to confirm a fixed term loan/deposit contract. The message is used to confirm/notify the details of: a new contract between the parties. an amendment to a previously agreed contract. the cancellation of a confirmation.

What is vostro?

Vostro is a reference to “yours” and refers to “your money that is on deposit at our bank.” A vostro account is like any other account held by a bank. The account is a record of money owed to or maintained by a third party, typically another bank, but it can be either a company or an individual.

What is MT799?

MT799 is an essential part of international trade; a ‘free format message’ sent between banks which confirms funds or proof of deposits on a potential trade. If you deal with Bank Guarantees, Documentary Credits, and Letters of Credit (LCs), you may have heard the term ‘MT799’ being used.