MT564: (82) Field 22F: Indicator: Disposition of Fractions
FORMAT
| Option F | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Indicator) |
PRESENCE
Optional in optional subsequence E1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
DISF |
N |
|
F |
Disposition of Fractions |
DEFINITION
This qualified generic field specifies:
DISF |
Disposition of Fractions |
Specifies how fractions resulting from derived securities will be processed or how prorated decisions will be rounding, if provided with a pro ration rate. |
CODES
If Data Source Scheme is not present, Indicator must contain one of the following codes:
BUYU |
Buy Up |
Buy securities up to next whole number. |
CINL |
Fractional Part for Cash |
Receive cash in lieu of fractions. |
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 the 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. |
