MT518: (12) Field 98a: Date/Time
FORMAT
| Option A | :4!c//8!n | (Qualifier)(Date) |
| Option B | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Date Code) |
| Option C | :4!c//8!n6!n | (Qualifier)(Date)(Time) |
| Option E | :4!c//8!n6!n[,3n][/[N]2!n[2!n]] | (Qualifier)(Date)(Time)(Decimals)(UTC Indicator) |
PRESENCE
Mandatory in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
TRAD |
N |
|
A, B, C, or E |
Trade Date/Time |
2 |
M |
SETT |
N |
|
A, B, or C |
Settlement Date/Time |
3 |
O |
NAVD |
N |
|
A or C |
Net Asset Value Calculation Date/Time |
DEFINITION
This qualified generic field specifies:
NAVD |
Net Asset Value Calculation Date/Time |
Date/time at which the net asset value is calculated (funds industry). |
SETT |
Settlement Date/Time |
Date/time at which the financial instruments are to be delivered or received. |
TRAD |
Trade Date/Time |
Date/time at which the trade was executed. |
CODES
In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code:
VARI |
Various |
Partial trades have occurred over a period of two or more days. |
CODES
In option B, if Qualifier is SETT and Data Source Scheme is not present, Date Code must contain one of the following codes:
CASH |
Cash |
Settlement is to be completed Cash (TOD/T+0). |
NEDA |
Next Day |
Settlement is to be completed on the next Day (TOM/T+1). |
OTHR |
Other |
Other settlement date. |
REGU |
Regular |
Regular is defined as the default settlement period for the particular security on the exchange of execution (for example, T+1 or T+2 depending on currency). |
SEOP |
Seller's Option |
Settlement is to be completed at the seller's option. |
TBAT |
To Be Announced |
Settlement is to be completed as a result of a 'to be announced' trade. |
TPL2 |
T+2 |
Settlement is to be completed at T+2. |
TPL3 |
T+3 |
Settlement is to be completed at T+3. |
TPL4 |
T+4 |
Settlement is to be completed at T+4. |
TPL5 |
T+5 |
Settlement is to be completed at T+5. |
WDIS |
When Distributed |
Settlement is to be completed when the security is distributed. |
WIDI |
When Issued or Distributed |
Settlement is to be completed when the security is issued or when distributed. |
WISS |
When Issued |
Settlement is to be completed when the security is issued. |
NETWORK VALIDATED RULES
Date must be a valid date expressed as YYYYMMDD.
Time must be a valid time expressed as HHMMSS.
UTC Indicator must be a valid time expressed as HH[MM].
Sign ([N]) must not be used when UTC Indicator is equal to all zeroes.
USAGE RULES
Trade Date/Time, when used with format 98C or 98E, must be the local time of the place of trade, for example, of the stock exchange, or of the selling broker for OTC.
EXAMPLE
Examples of format option E usage:
Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 2 tenths of a second
:98E::TRAD//20061023123548,2
Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 25 hundreds of a second, UTC time +2
:98E::TRAD//20061023123548,25/02
Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 4
:98E::TRAD//20061023123548/N04
Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 2h30
:98E::TRAD//20061023123548/N0230
