MT564: (22) Field 92a: Rate
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
| Option D | :4!c//15d/15d | (Qualifier)(Quantity1)(Quantity2) |
| Option K | :4!c//4!c | (Qualifier)(Rate Type Code) |
PRESENCE
Optional in optional subsequence B1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
PRFC |
N |
|
A or K |
Previous Factor |
2 |
O |
NWFC |
N |
|
A or K |
Next Factor |
3 |
O |
INTR |
N |
|
A or K |
Interest Rate |
4 |
O |
NXRT |
N |
|
A or K |
Next Interest Rate |
5 |
O |
DECL |
N |
|
A or K |
Percentage of Debt Claims |
6 |
O |
WAPA |
N |
|
D |
Warrant Parity |
DEFINITION
This qualified generic field specifies:
DECL |
Percentage of Debt Claims |
Percentage of the underlying assets of a fund that represents a debt, for example, in the context of the EU Savings directive. |
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 |
Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) that will applicable after the redemption (factor) date. |
NXRT |
Next Interest Rate |
Interest rate applicable to the next interest payment period in relation to variable rate instruments. |
PRFC |
Previous Factor |
Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) until the next redemption (factor) date. |
WAPA |
Warrant Parity |
Provides the ratio between the quantity of warrants and the quantity of underlying securities. |
CODES
In option K, Rate Type Code must contain the following code:
UKWN |
Unknown Rate |
Rate is unknown by the sender or has not been established. |
NETWORK VALIDATED RULES
The integer part of Rate and Quantity 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 for previous (PRFC) and next (NWFC) factor rates (typically defined as a decimal), 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).
In case of partial redemption by pool factor, PRFC (Previous Factor) provides the factor applicable before redemption and NWFC provides the factor applicable after redemption.
