MT564: (36) Field 22F: Indicator
FORMAT
| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
PRESENCE
Optional in optional sequence C
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
DISF |
N |
|
F |
Disposition of Fractions Indicator |
2 |
O |
SELL |
N |
|
F |
Renounceable Status of Entitlement Indicator |
DEFINITION
This qualified generic field specifies:
DISF |
Disposition of Fractions Indicator |
Specifies how fractions resulting from derived securities will be processed or how prorated decisions will be rounding, if provided with a pro ration rate. |
SELL |
Renounceable Status of Entitlement Indicator |
Specifies whether terms of the event allow resale of the rights. |
CODES
If Qualifier is DISF and Data Source Scheme is not present, Indicator must contain one of the following codes:
DIST |
Distributed |
Take distribution of fractions in the form of securities. |
RDDN |
Round Down |
Round the entitlement down to the last full unit/minimum nominal quantity, fractions are discarded. |
RDUP |
Round Up |
Round up to next full unit/minimum nominal quantity at no cost. |
STAN |
Standard |
If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down as specified in the respective RDUP and RDDN codes. |
UKWN |
Unknown |
Characteristics of the disposition of fractions are unknown. |
CODES
If Qualifier is SELL and Data Source Scheme is not present, Indicator must contain one of the following codes:
NREN |
Non Renounceable |
Intermediate securities cannot be traded. |
RENO |
Renounceable |
Intermediate securities can be traded. |
