| ISO20022

MT564: (46) Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier)(Sign)(Rate)
Option F	:4!c//3!a15d	(Qualifier)(Currency Code)(Amount)
Option K	:4!c//4!c	(Qualifier)(Rate Type Code)
Option P	:4!c//15d	(Qualifier)(Index Points)

PRESENCE

Optional in optional sequence D

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	RDIS	N		A or K	Reinvestment Discount Rate to Market
2	O	INTR	N		A, F, or K	Interest Rate
3	O	BIDI	N	C25	A, F, K, or P	Bid Interval Rate
4	O	NWFC	N		A or K	Next Factor
5	O	PTSC	N		A or K	Percentage Sought
6	O	PRFC	N		A or K	Previous Factor
7	O	RINR	N		A or K	Related Index Rate
8	O	RSPR	N		A or K	Spread Rate
9	O	SHRT	N		A or F	Interest Shortfall
10	O	RLOS	N		A or F	Realised Loss
11	O	DEVI	N	C18	A or F	Declared Rate
12	O	INDX	N		A, F, or K	Index Factor

DEFINITION

This qualified generic field specifies:

BIDI	Bid Interval Rate	Acceptable price increment used for submitting a bid.
DEVI	Declared Rate	Dividend or interest rate declared by the issuer.
INDX	Index Factor	Public index rate applied to the amount paid to adjust it to inflation.
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 be applicable after the redemption (factor) date.
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.
PTSC	Percentage Sought	Percentage of securities the offeror/issuer will purchase or redeem under the terms of the event.
RDIS	Reinvestment Discount Rate to Market	Rate of discount for securities purchased through a reinvestment scheme as compared to the current market price of security.
RINR	Related Index Rate	Index rate related to the interest rate of the forthcoming interest payment.
RLOS	Realised Loss	For structured security issues where there is a set schedule of principal and interest payments for the life of the issue, this is the difference between the actual rate of the capital or principal repayment and the scheduled capital repayment.
RSPR	Spread Rate	Margin allowed over or under a given rate.
SHRT	Interest Shortfall	For structured security issues where there is a set schedule of principal and interest payments for the life of the issue, this is the difference between the actual rate of the interest payment and the expected or scheduled rate of the interest payment.

CODES

In option K, if Qualifier is RDIS or Qualifier is INTR or Qualifier is BIDI or Qualifier is NWFC or Qualifier is PRFC or Qualifier is RINR or Qualifier is RSPR or Qualifier is INDX, Rate Type Code must contain the following code:

UKWN

Unknown Rate

Rate is unknown by the sender or has not been established.

CODES

In option K, if Qualifier is PTSC, Rate Type Code must contain one of the following codes:

ANYA	Any and All
UKWN	Unknown Rate	Rate is unknown by the sender or has not been established.

NETWORK VALIDATED RULES

The integer part of Rate, Amount and Index Points 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.

Currency Code, must be valid ISO 4217 currency codes.

USAGE RULES

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).

Sequence D Interest Rate :92a::INTR and sequence E Interest Rate Used for Payment :92a::INTP usage must not be mixed. INTR is used to provide the annual rate of the financial instrument. INTP is used to provide the applicable rate for the current payment, after all calculations have been performed, that is, application of period and method of interest computation.

The Declared Rate :92a::DEVI may only be used if the dividend or interest declared by the issuer is actually paid in a different currency than the declared one, or if the dividend or the interest event makes it possible to elect amongst multiple currency options.