MT564: (47) 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) |
| Option L | :4!c//[N]15d | (Qualifier)(Sign)(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 |
MAXP |
N |
C24 |
A, B, E, or L |
Maximum Price |
2 |
O |
MINP |
N |
C24 |
A, B, E, or L |
Minimum Price |
3 |
O |
FBIP |
N |
C24, C30, C31 |
A, B, E, or L |
First Bid Increment Price |
4 |
O |
LBIP |
N |
C24, C30, C31 |
A, B, E, or L |
Last Bid Increment Price |
DEFINITION
This qualified generic field specifies:
FBIP |
First Bid Increment Price |
First acceptable price after the minimum price at which a holder can bid, for example, on a dutch auction offer. |
LBIP |
Last Bid Increment Price |
Last acceptable price before the maximum price at which a holder can bid, for example, on a dutch auction offer. |
MAXP |
Maximum Price |
Maximum or cap price at which a holder can bid, for example on a Dutch auction offer. |
MINP |
Minimum Price |
Minimum or floor price at which a holder can bid, for example on a Dutch auction offer. |
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. |
PLOT |
Lot |
Price expressed as an amount of money per lot. |
PREM |
Premium |
Price expressed as a premium. |
CODES
In option E, Price Code must contain the following code:
UKWN |
Unknown Price |
Price is unknown by the sender or has not been established. |
NETWORK VALIDATED RULES
The integer part of Price and Index Points must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
Currency Code must be a valid ISO 4217 currency code.
If Index Points is zero, Sign must not be present.
If Price is zero, Sign must not be present.
USAGE RULES
The number of decimal digits in Price is not validated against the currency specified.
Sign must be present when Index Points is negative.
Sign must be present when Price is negative.
Sign may only be present if Percentage Type Code is YIEL.
