MT516: (19) Field 37a: Rebate Agreed
FORMAT
| Option A | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
| Option B | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
| Option C | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
| Option D | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
| Option E | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
| Option F | 12d[//6!n1!a3n][/16x] | (Rate)(End Date)(Period)(Number)(Information) |
PRESENCE
Optional in optional sequence B
DEFINITION
This field specifies the interest rate of the rebate agreed on the cash collateral. It specifies the interest rate and the method to be used in the calculation of the interest amount.
For all option letters:
End Date specifies the last day of the first interest period
Period specifies the period between payments
Number specifies the number of days or months between interest payments
The option letter specifies the method of interest computation as follows:
Tag option |
Month of |
Year of |
A |
30 days |
360 days |
B |
28-31 days |
360 days |
C |
28-31 days |
365/6 days |
D |
30 days |
365/6 days |
E |
28-31 days |
365 days |
F |
30 days |
365 days |
CODES
In option A or B or C or D or E or F, Period, when present, must contain one of the following codes:
D |
Number of Days |
M |
Number of Months |
NETWORK VALIDATED RULES
End Date must be a valid date expressed as YYMMDD.
The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length..
