MT516: (14) Field 33T: Market Price of Securities
FORMAT
| Option T | 3!a15d | (Currency)(Price) |
PRESENCE
Optional in mandatory sequence A
DEFINITION
This field specifies the currency and price per unit of the securities lent, borrowed, recalled or returned as evaluated on the date the loan, recall or return was agreed, for example, field 31P.
NETWORK VALIDATED RULES
Currency must be a valid ISO 4217 currency code or the code PCT, YLD or REN.
The integer part of Price must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
USAGE RULES
The number of decimal digits in Price is not validated against the currency specified.
This information along with that in fields 33S and 35A is the basis for calculating the amount of collateral required.
When the market price is expressed as a yield price, YLD may be used in Currency.
When the market price is expressed as a percentage or a revenue, the codes PCT or REN may be used.
In all cases, only the presence of the decimal comma will be validated.
