| ISO20022

Note

The use of this message type requires Message User Group (MUG) registration.

MT381 Scope

This message type is sent:

by a custodian bank to a fund manager to confirm the execution of an FX Order previously sent by the fund manager
by a sub custodian to a custodian bank when the fund account's custodian uses a sub custodian in the local market to execute the foreign exchange order received from a fund manager

This message type is used as:

a foreign exchange confirmation of an MT541/3 message
a foreign exchange confirmation of multiple MT541/3 messages
a foreign exchange confirmation of a combination of multiple MT380 and MT541/3 messages

It may also be used to:

cancel a previously sent foreign exchange order confirmation
duplicate a foreign exchange order confirmation sent by other means, for example, fax or telex
provide a third party with a copy of the message being sent

MT381 Format Specifications

Status	Tag	Qualifier	Generic Field Name	Detailed Field Name	Content/Options	No.
Mandatory Sequence A General Information
M	16R			Start of Block	GENL	1
M	20C	SEME	Reference	Sender's Message Reference	:4!c//16x	2
M	23G			Function of the Message	4!c[/4!c]	3
O	22H	FXTR	Indicator	FX Order Transaction Type Indicator	:4!c//4!c	4
-----> Optional Repetitive Subsequence A1 Linkages
M	16R			Start of Block	LINK	5
O	13a	LINK	Number Identification	Linked Message	A or B	6
M	20C	4!c	Reference	(see qualifier description)	:4!c//16x	7
M	16S			End of Block	LINK	8
-----\| End of Subsequence A1 Linkages
M	16S			End of Block	GENL	9
End of Sequence A General Information
Mandatory Sequence B FX Order Details
M	16R			Start of Block	FXORDER	10
----->
M	98a	4!c	Date/Time	(see qualifier description)	A or C	11
-----\|
----->
M	19B	4!c	Amount	(see qualifier description)	:4!c//3!a15d	12
-----\|
M	92B	EXCH	Rate	Exchange Rate	:4!c//3!a/3!a/15d	13
O	94C	COUN	Payment Clearing Centre	Country	:4!c//2!a	14
Mandatory Subsequence B1 FX Order Party
M	16R			Start of Block	ORDRPRTY	15
O	95a	INVE	Party	Investor	P, Q, or R	16
M	97A	SAFE	Account	Safekeeping Account	:4!c//35x	17
M	16S			End of Block	ORDRPRTY	18
End of Subsequence B1 FX Order Party
Optional Subsequence B2 Reason
M	16R			Start of Block	REAS	19
M	24B	REAS	Reason Code	Transaction Reason Code	:4!c/[8c]/4!c	20
O	70D	REAS	Narrative	Transaction Reason Narrative	:4!c//6*35x	21
M	16S			End of Block	REAS	22
End of Subsequence B2 Reason
M	16S			End of Block	FXORDER	23
End of Sequence B FX Order Details
Optional Sequence C Underlying Transaction Details
M	16R			Start of Block	UNDE	24
O	35B			Identification of the Financial Instrument	[ISIN1!e12!c] [4*35x]	25
O	36B	ESTT	Quantity of Financial Instrument	Quantity of Financial Instrument Settled	:4!c//4!c/15d	26
O	22F	AGRE	Indicator	Agreement Indicator	:4!c/[8c]/4!c	27
O	70E	TRDE	Narrative	Transaction Details Narrative	:4!c//10*35x	28
M	16S			End of Block	UNDE	29
End of Sequence C Underlying Transaction Details

MT381 Network Validated Rules

C1 If the message is a cancellation, that is, field 23G is CANC, then subsequence A1 must be present at least once, and a reference to the previous message must be specified in the Linkage section, that is, field :20C::PREV must be present at least once in that message.

Sequence A if field :23G: is ...	Then subsequence A1 is ...	Subsequence A1 and field :20C::PREV is ...
CANC	Mandatory (at least one occurrence)	Mandatory (at least one occurrence) ⁽¹⁾
Not CANC	Optional	Optional

Sequence A

if field :23G: is ...

Then subsequence A1 is ...

Subsequence A1

and field :20C::PREV is ...

CANC

Mandatory (at least one occurrence)

Mandatory (at least one occurrence) ⁽¹⁾

Not CANC

Optional

⁽¹⁾ It does not need to be present in all occurrences of A1

C2 In sequence C, fields 16R and 16S may not be the only fields present. If both fields 16R and 16S are present, then at least one other field of the same sequence must be present.