ForeignExchangeTradeInstructionV05fxtr.014.001.05

ForeignExchangeTradeInstructionV05
FXTradInstr
Mandatory
Trade Information
TradInf
Mandatory
Trade Date
TradDt
Mandatory
Originator Reference
OrgtrRef
Mandatory
Common Reference
CmonRef
Optional
Operation Type
OprTp
Optional
Operation Scope
OprScp
Optional
Product Type
PdctTp
Optional
Settlement Session Identifier
SttlmSsnIdr
Optional

Payment Versus Payment Indicator

PmtVrssPmtInd
Optional

Definition: Specifies if the FX transaction is PVP settlement. Payment versus payment (PvP) settlement arrangement allows for two currencies in a foreign exchange (FX) contract to exchange simultaneously on a central settlement platform to eliminate the settlement risk. To apply PvP, the two parties in the FX contract need to have a pre-agreement with the central settlement platform, for example, USD/MYR FX deals require both parties to have an agreement to settle via HK Interbank Clearing Ltd settlement platform.

Type: YesNoIndicator

Restrictions:

    Trading Side Identification
    TradgSdId
    Mandatory
    Counterparty Side Identification
    CtrPtySdId
    Mandatory
    Trade Amounts
    TradAmts
    Mandatory
    Agreed Rate
    AgrdRate
    Mandatory
    Non Deliverable Forward Conditions
    NDFConds
    Optional
    Trading Side Settlement Instructions
    TradgSdSttlmInstrs
    Optional
    Counterparty Side Settlement Instructions
    CtrPtySdSttlmInstrs
    Optional
    Optional General Information
    OptnlGnlInf
    Optional
    Regulatory Reporting
    RgltryRptg
    Optional
    Supplementary Data
    SplmtryData
    Repetition (0..n)
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    DenyAllow