MT535: (38) Field 90a: Price
FORMAT
| Option A | :4!c//4!c/[N]15d | (Qualifier)(Percentage Type Code)(Sign)(Price) |
| Option B | :4!c//4!c/3!a15d | (Qualifier)(Amount Type Code)(Currency Code)(Price) |
| Option E | :4!c//4!c | (Qualifier)(Price Code) |
PRESENCE
Conditional (see rule C3) in optional subsequence B1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
INDC |
N |
|
A or B |
Indicative Price |
|
or |
MRKT |
N |
|
A, B, or E |
Market Price |
DEFINITION
This qualified generic field specifies:
INDC |
Indicative Price |
Estimated price, for example, for valuation purposes. |
MRKT |
Market Price |
Last reported/known price of a financial instrument in a market. |
CODES
In option A, Percentage Type Code must contain one of the following codes:
DISC |
Discount |
Price expressed as the number of percentage points below par, for example, a discount price of 2.0% equals a price of 98 when par is 100. |
PRCT |
Percentage |
Price expressed as a percentage of par. |
PREM |
Premium |
Price expressed as the number of percentage points above par, for example, a premium price of 2.0% equals a price of 102 when par is 100. |
YIEL |
Yield |
Price expressed as a yield. |
CODES
In option B, Amount Type Code must contain one of the following codes:
ACTU |
Actual Amount |
Price expressed as an amount of currency per unit or per share. |
DISC |
Discount |
Price expressed as a discount amount. |
PREM |
Premium |
Price expressed as a premium. |
CODES
In option E, if Qualifier is MRKT, Price Code must contain the following code:
UKWN |
Unknown |
Though the statement is audited, price value is unknown to the message sender. |
NETWORK VALIDATED RULES
Currency Code must be a valid ISO 4217 currency code.
The integer part of Price must contain at least one digit. A decimal comma ',' is mandatory and is included in the maximum length.
Sign may only be present if Percentage Type Code is YIEL.
If Price is zero, Sign must not be present.
USAGE RULES
The number of decimal digits in Price is not validated against the specified currency.
The Unknown value is only to be used for audited statements for which the price is mandatory.
Sign must be present when Price is negative.
