Forum
Keyword
× Discuss on Template programming, jBASE programming, Enquiries, No-File enquiry, Enquiry routines, Version, Version routines, Menus, Abbriviations, Creating local reference fields, Fast path enquiries, Creating charts and graphs, Generating Reports, Deal slips, Straight through processing, Multi Company and Multi Book setup, Tabbed screens, Composite Screens, T24 API, etc...

Generate swift messages for Forex exchange

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen created the topic: Generate swift messages for Forex exchange

Hi,

Could you please suggest if we can generate MT 202 swift messages for Forex exchange(Forex Dealer > Input Menu > Input a Spot Deal) and Money Market(Money Market Dealer > Placements > Input a Call Placement) too? Currently we are only able to generate MT 300 swift message for forex exchange transactions and MT 320 swift message for Money Market transactions.

Your prompt response is highly appreciated.

Thanks in advance,
Sailendra Shrestha
#14342

Please Log in or Create an account to join the conversation.

  • Posts: 2836
  • Karma: 509
  • Thank you received: 637

jpb replied the topic: Generate swift messages for Forex exchange

For FX there is a field NOSTRO.202.MSG in FX.TRANSACTION.TYPE,
for MM its named CPTY.202.MSG and located in LMM.INSTALL.CONDS

Some people feel the rain - others just get wet (Bob Marley)
#14347

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Thanks a lot Jbp for your prompt response.

Could you please suggest me a bit more by telling if these two fields need to be set as YES to generate 202 message for FX and MM along with 300 and 320 respectively?

My requirement is along with 300 for FX and 320 for MM, 202 messages should also be generating.


Thanks & Regards,
Sailendra
#14351

Please Log in or Create an account to join the conversation.

  • Posts: 2836
  • Karma: 509
  • Thank you received: 637

jpb replied the topic: Generate swift messages for Forex exchange

We don't use these fields, can't say more that what is in the helptext (what isn't much), they seem to be designed for non-bank couterparties.

Have you set up AGENCY for the banks where you want to use 202?

Some people feel the rain - others just get wet (Bob Marley)
#14352

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Yes. We had already set the agency for the banks.

Thanks,
Sailendra
#14362

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Hi,

I updated the field named "Ctpy.202.msg" to "Yes" in LMM.INSTALL.CONDS. However, I am not able to generate MT 202 message for MM transactions.

Thanks,
Sailendra
#14363

Please Log in or Create an account to join the conversation.

  • Posts: 198
  • Karma: 1
  • Thank you received: 27

DUBLIN replied the topic: Generate swift messages for Forex exchange

Hi ,

I would recommend you to check that account DRAWDOWN.ACCOUNT is NOSTRO account . Otherwise SWIFT payments doesn't make any sense.

The parameter in LMM.INSTAL.CONDS , CPTY.202.MSG , just allowed to send 202s to NON-BANK customers, but drawdown account MUST be Nostro anyway.
#14366

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Hi,

Thanks for the information. The draw down a/c used for the deal is nostro account itself. But I am not able to view the MT 202 message.

Infact, I don't find find any option to view MT 202 message. When I viewed through "View Delivery Message(s)" menu of More Actions drop down list, it only displays MT 320 message for MM.

Thanks,
Sailendra
#14369

Please Log in or Create an account to join the conversation.

  • Posts: 198
  • Karma: 1
  • Thank you received: 27

DUBLIN replied the topic: Generate swift messages for Forex exchange

OK, sounds like a different story ...

Can you do DE.O.HEADER L L , field 1 ,MESSAGE.TYPE = 202, field 21 TRANS.REFERENCE EQ MM's @ID ?
#14381

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Hi,

It seems that MT 202 messages are being generated for MM transactions in SWIFT.MSG.OUT. The only issue for now is to view the MT 202 messages from MM transactions. Can anyone suggest me how can i view those messages?

I think it would also be possible if the "Delivery Preview" button can be placed in the MM version.
But I have no idea on adding up "Delivery Preview" button in the version.

I would be very thankful if anyone could help on this.

Thanks,
Sailendra
#14384

Please Log in or Create an account to join the conversation.

  • Posts: 198
  • Karma: 1
  • Thank you received: 27

DUBLIN replied the topic: Generate swift messages for Forex exchange

Very schematic :

1. run an enquiry over the DE.O.HEADER with TRANS.REFERENCE as selection field

2. use DE.MSG.SUM enquiry as the next enquiry in the first one. It should be in you environment.

First enquiry will bring you a list off all delivery messages for particular deal , next one will allow you to see messages themselves.
#14386

Please Log in or Create an account to join the conversation.

  • Posts: 2836
  • Karma: 509
  • Thank you received: 637

jpb replied the topic: Generate swift messages for Forex exchange

For MM :

Have a look at Fxxx.MM.PAYMENT.ENTRY with ACTIVITY = 202, the D-reference should be found in TIME.DATE.STAMP.

Some people feel the rain - others just get wet (Bob Marley)
#14389

Please Log in or Create an account to join the conversation.

  • sailen
  • sailen's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
  • Posts: 107
  • Thank you received: 0

sailen replied the topic: Generate swift messages for Forex exchange

Hi,

The swift messages can also be viewed from MM Enquiry >> View MM Advices enquiry. Now I am able to generate the swift messages for MM transactions.

But currently my issue is that I am not able to generate MT 202 messages for those FX transactions in which the nostro accounts exist within the same counter party.

Can anyone suggest me how can i check the reason for not generating the swift messages for the transactions?

Hope to get the response for this asap.

Thanks,
Sailendra
#14394

Please Log in or Create an account to join the conversation.

  • Posts: 198
  • Karma: 1
  • Thank you received: 27

DUBLIN replied the topic: Generate swift messages for Forex exchange

Please read very first line of the very first jpb's post here.
#14395

Please Log in or Create an account to join the conversation.

  • Posts: 14
  • Thank you received: 0

lkourbali replied the topic: Generate swift messages for Forex exchange

Hi,

I am stuck with the same problem, I can't generate MT202 message. Only MT300 is generated for a SP forex transaction even if I have set PAYMENT.MSG.ADV field to Yes in FX.TRANSACTION.TYPE. I need your help please.
#21550

Please Log in or Create an account to join the conversation.

  • Posts: 14
  • Thank you received: 0

lkourbali replied the topic: Generate swift messages for Forex exchange

MT202 is only generated when VALUE.DATE.BUY and VALUE.DATE.SELL are equal to system date. When these fields are later then deal.date (today), payment message is not generated. I think that T24 has sheduling delivery mechanism. Is there application that hold sheduled delivery messages I can check?
#21554

Please Log in or Create an account to join the conversation.

Time to create page: 0.180 seconds