MT502: (20) Field 92A: Rate
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
PRESENCE
Optional in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
CORA |
N |
|
A |
Commission Rate Applied |
2 |
O |
COWA |
N |
|
A |
Percentage Commission Waived |
3 |
O |
SWRT |
N |
|
A |
Switch Rate |
DEFINITION
This qualified generic field specifies:
CORA |
Commission Rate Applied |
Commission rate applied after waiving. |
COWA |
Percentage Commission Waived |
Percentage of the commission that is waived. |
SWRT |
Switch Rate |
To be used for 'switch to' instructions (22F::BUSE//SWIT) and for 1 to n "switch to" scenarios (Funds Industry). |
NETWORK VALIDATED RULES
The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
If Rate is zero, Sign must not be present.
USAGE RULES
Sign must be present when Rate is negative.
SWRT (Switch Rate) is only to be used for "switch to" instructions (22F::BUSE//SWIT) and for 1 to n "switch to" scenarios (Funds Industry).
Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).
