MT506: (42) Field 92A: Rate: Securities Haircut
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
PRESENCE
Mandatory in optional subsequence C1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
SHAI |
N |
|
A |
Securities Haircut |
DEFINITION
This qualified generic field specifies:
SHAI |
Securities Haircut |
Haircut or valuation factor on the security expressed as a percentage. |
NETWORK VALIDATED RULES
The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum length.
If Rate is zero, Sign must not be present.
USAGE RULES
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).
