| ISO20022

MT564: (64) Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier)(Sign)(Rate)
Option B	:4!c//3!a/3!a/15d	(Qualifier)(First Currency Code)(Second Currency Code)(Rate)
Option F	:4!c//3!a15d	(Qualifier)(Currency Code)(Amount)
Option H	:4!c//3!a15d/4!c	(Qualifier)(Currency Code)(Amount)(Rate Status)
Option J	:4!c/[8c]/4!c/3!a15d[/4!c]	(Qualifier)(Data Source Scheme)(Rate Type Code)(Currency Code)(Amount)(Rate Status)
Option K	:4!c//4!c	(Qualifier)(Rate Type Code)
Option P	:4!c//15d	(Qualifier)(Index Points)
Option R	:4!c/[8c]/4!c/15d	(Qualifier)(Data Source Scheme)(Rate Type Code)(Rate)

PRESENCE

Optional in optional sequence E

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	GRSS	R	C7, C8	F, H, J, or K	Gross Dividend Rate
2	O	TAXR	R	C7, C8, C19	A, F, K, or R	Withholding Tax Rate
3	O	ATAX	N		A, F, or K	Additional Tax
4	O	OVEP	N		A or K	Maximum Allowed Oversubscription Rate
5	O	PROR	N		A or K	Pro-Ration Rate
6	O	INTP	R		A, F, J, or K	Interest Rate Used for Payment
7	O	TDMT	R		J	Taxable Income Per Dividend/Share
8	O	NETT	R	C7, C8	F, H, J, or K	Net Dividend Rate
9	O	IDFX	N	C18	B	Issuer Declared Exchange Rate
10	O	TXIN	N		A, F, or K	Tax on Income
11	O	WITL	R	C7, C8, C19	A, F, K, or R	Second Level Tax
12	O	BIDI	N	C25	A, F, K, or P	Bid Interval Rate

DEFINITION

This qualified generic field specifies:

ATAX	Additional Tax	Rate used for additional tax that cannot be categorised.
BIDI	Bid Interval Rate	Acceptable price increment used for submitting a bid.
GRSS	Gross Dividend Rate	Cash dividend amount per equity before deductions or allowances have been made.
IDFX	Issuer Declared Exchange Rate	Exchange rate (provided by the issuer) between the dividend or interest rate in the paid currency and the declared dividend or interest rate.
INTP	Interest Rate Used for Payment	The actual interest rate used for the payment of the interest for the specified interest period.
NETT	Net Dividend Rate	Cash dividend amount per equity after deductions or allowances have been made.
OVEP	Maximum Allowed Oversubscription Rate	A maximum percentage of shares available through the over subscription privilege, usually a percentage of the basic subscription shares, for example, an account owner subscribing to 100 shares may over subscribe to a maximum of 50 additional shares when the over subscription maximum is 50%.
PROR	Pro-Ration Rate	Percentage of securities accepted by the offeror/issuer.
TAXR	Withholding Tax Rate	Percentage of a cash distribution that will be withheld by the tax authorities of the jurisdiction of the issuer, for which a relief at source and/or reclaim may be possible.
TDMT	Taxable Income Per Dividend/Share	Amount included in the dividend/NAV that is identified as gains directly or indirectly derived from interest payments, for example, in the context of the EU Savings directive.
TXIN	Tax on Income	Overall tax withheld at source by fund managers prior to considering the tax obligation of each unit holder.
WITL	Second Level Tax	Rate at which the income will be withheld by a jurisdiction other than the jurisdiction of the issuer's country of tax incorporation, for which a relief at source and/or reclaim may be possible. It is levied in complement or offset of the withholding tax rate (TAXR) levied by the jurisdiction of the issuer's tax domicile.

CODES

In option H, Rate Status must contain one of the following codes:

ACTU	Actual Rate	Rate is actual.
INDI	Indicative Rate	Rate is indicative.

CODES

In option J, if Qualifier is GRSS and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

CAPO	Capital Portion	Rate relating to the underlying security for which capital is distributed.
CDFI	Foreign Income	Rate relating to a foreign income type such as conduit foreign income.
FLFR	Fully Franked	Rate resulting from a fully franked dividend paid by a company; rate includes tax credit for companies that have made sufficient tax payments during fiscal period.
INCO	Income Portion	Rate relating to the underlying security for which income is distributed.
INTR	Interest	Rate relating to the underlying security for which interest is paid.
LTCG	Long Term Capital Gain	Long term capital gain.
REES	Real Estate Property Income Portion	Rate of income distribution originated by real estate investment.
SOIC	Sundry/Other Income	Rate relating to the underlying security for which other income is paid.
STCG	Short Term Capital Gain	Short term capital gain.
TXBL	Taxable Portion	Rate relating to the underlying security for which tax is charged.
TXDF	Tax Deferred	Rate relating to the underlying security for which tax is deferred.
TXFR	Tax Free	Rate relating to the underlying security which is not taxable.
UNFR	Unfranked	Unfranked.

CODES

In option J, if Data Source Scheme is not present, Rate Status, when present, must contain one of the following codes:

ACTU	Actual Rate	Rate is actual.
INDI	Indicative Rate	Rate is indicative.

CODES

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

NILP	Nil Payment	Rate will not be paid.
UKWN	Unknown Rate	Rate is unknown by the sender or has not been established.

CODES

In option K, if Qualifier is TAXR or Qualifier is ATAX or Qualifier is OVEP or Qualifier is PROR or Qualifier is NETT or Qualifier is TXIN or Qualifier is WITL or Qualifier is BIDI, 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 R, if Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

BWIT	Back Up Withholding	Withholding tax related to payments subject to Back up Withholding.
FTCA	FATCA Tax	Withholding tax related to income subject to FATCA (Foreign Account Tax Compliance Act).
NRAT	NRA Tax	Withholding tax related to income subject NRA (Non Resident Alien).

CODES

In option J, if Qualifier is INTP and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

SCHD	Scheduled	Rate of the scheduled payment.
USCD	Unscheduled	Rate of the unscheduled payment.

CODES

In option J, if Qualifier is TDMT and Data Source Scheme is not present, Rate Type Code must contain the following code:

TXBL

Taxable Portion

Rate relating to the underlying security for which tax is charged.

CODES

In option J, if Qualifier is NETT and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

CAPO	Capital Portion	Rate relating to the underlying security for which capital is distributed.
CDFI	Foreign Income	Rate relating to a foreign income type such as conduit foreign income.
FLFR	Fully Franked	Rate resulting from a fully franked dividend paid by a company; rate includes tax credit for companies that have made sufficient tax payments during fiscal period.
INCO	Income Portion	Rate relating to the underlying security for which income is distributed.
INTR	Interest	Rate relating to the underlying security for which interest is paid.
REES	Real Estate Property Income Portion	Rate of income distribution originated by real estate investment.
SOIC	Sundry/Other Income	Rate relating to the underlying security for which other income is paid.
TXBL	Taxable Portion	Rate relating to the underlying security for which tax is charged.
TXDF	Tax Deferred	Rate relating to the underlying security for which tax is deferred.
TXFR	Tax Free	Rate relating to the underlying security which is not taxable.
UNFR	Unfranked	Unfranked.

NETWORK VALIDATED RULES

The integer part of Quantity, Rate and Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.

When Sign is present, Rate must not be zero.

Currency Code, First Currency Code and Second Currency Code must be valid ISO 4217 currency codes.

USAGE RULES

ACTU is the default value for Rate Status.

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).

Rate Type Code NILP (Nil Payment), available for use with rate qualifier GRSS (Gross Dividend Rate) and INTP (Interest Rate Used for Payment), can only be used with Corporate Action Event Types :22F::CAEV//DVCA (Cash Dividend) and :22F::CAEV//INTR (Interest Payment).

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.

In format option B, for the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency. (1,00 of First Currency Code = [Rate] of Second Currency Code).