MT542: (54) 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) |
PRESENCE
Optional in optional sequence D
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
TERM |
N |
|
A, B, or C |
Closing Date/Time |
2 |
O |
RERA |
N |
|
A or C |
Rate Change Date/Time |
DEFINITION
This qualified generic field specifies:
RERA |
Rate Change Date/Time |
Date/Time at which rate change has taken place. |
TERM |
Closing Date/Time |
Closing date/time or maturity date/time of the transaction. |
CODES
In option B, if Qualifier is TERM and Data Source Scheme is not present, Date Code must contain the following code:
OPEN |
Open-Dated |
Date/time has not been established. |
NETWORK VALIDATED RULES
Date must be a valid date expressed as YYYYMMDD.
Time must be a valid time expressed as HHMMSS.
