MT 340

FIN Category 3 message, forward rate agreement confirmation.

Definition

MT 340 confirms an FRA: it carries references (20, 21), function (22B), notional amount (32B), fixing, start and maturity dates, the agreed fixed rate (37M), the floating reference index and the day-count convention (field 14D/14F). The actual settlement of the rate differential is later advised by the MT 341.

Origin

Defined in the SWIFT FIN User Handbook, Category 3 — Treasury Markets, Foreign Exchange, Money Markets and Derivatives, maintained by SWIFT.

Example in context

:20:FRA20260620
:22B:CONF
:32B:USD10000000,
:30F:20260920
:37M:4,15
:14F:USD-SOFR-COMPOUND

Related terms

• MT 320 — fixed-term loan/deposit confirmation.