MT535: (29) Field 92A: Rate
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
PRESENCE
Optional in optional subsequence B1a
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
PRFC |
N |
|
A |
Previous Factor |
2 |
O |
CUFC |
N |
|
A |
Current Factor |
3 |
O |
NWFC |
N |
|
A |
Next Factor |
4 |
O |
INTR |
N |
|
A |
Interest Rate |
5 |
O |
NXRT |
N |
|
A |
Next Interest Rate |
6 |
O |
VAHA |
N |
|
A |
Valuation Haircut |
7 |
O |
INDX |
N |
|
A |
Index Factor |
8 |
O |
YTMR |
N |
|
A |
Yield To Maturity Rate |
DEFINITION
This qualified generic field specifies:
CUFC |
Current Factor |
Rate expressed as a decimal between 0 and 1 defining the outstanding principal of the financial instrument (for factored securities). |
INDX |
Index Factor |
Public index rate used for inflation adjustment. |
INTR |
Interest Rate |
Annualised interest rate of a financial instrument used to calculate the actual interest rate of the coupon or the accrued interest. |
NWFC |
Next Factor |
Rate expressed as a decimal between 0 and 1 that will be applicable as of the next factor date and defines the outstanding principal of the financial instrument (for factored securities). |
NXRT |
Next Interest Rate |
Interest rate applicable to the next interest payment period in relation to variable rate instruments. |
PRFC |
Previous Factor |
Rate expressed as a decimal between 0 and 1 that was applicable before the current factor and defines the outstanding principal of the financial instrument (for factored securities). |
VAHA |
Valuation Haircut |
Haircut percentage applied to the market value of underlying assets used as collateral as a risk control measure. The institution valuating the collateral calculates the value of underlying assets based on its market value less a certain percentage (the haircut). |
YTMR |
Yield To Maturity Rate |
Rate of return anticipated on a bond when held until maturity date. |
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.
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).
