MT564: (86) Field 92a: Rate
FORMAT
Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
Option D | :4!c//15d/15d | (Qualifier)(Quantity1)(Quantity2) |
Option F | :4!c//3!a15d | (Qualifier)(Currency Code)(Amount) |
Option K | :4!c//4!c | (Qualifier)(Rate Type Code) |
Option L | :4!c//3!a15d/3!a15d | (Qualifier)(First Currency Code)(Amount1)(Second Currency Code)(Amount2) |
Option M | :4!c//3!a15d/15d | (Qualifier)(Currency Code)(Amount)(Quantity) |
Option N | :4!c//15d/3!a15d | (Qualifier)(Quantity)(Currency Code)(Amount) |
PRESENCE
Optional in optional subsequence E1
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
---|---|---|---|---|---|---|
1 |
O |
ADEX |
N |
|
D, K, or L |
Additional for Existing Securities |
2 |
O |
NEWO |
N |
|
D, K, L, M, or N |
New to Old |
3 |
O |
ADSR |
N |
|
D, K, or L |
Additional for Subscribed Resultant Securities |
4 |
O |
TRAT |
N |
|
A |
Transformation Rate |
5 |
O |
CHAR |
N |
|
A, F, or K |
Charges/Fees |
6 |
O |
FISC |
N |
|
A or K |
Fiscal Stamp |
7 |
O |
RATE |
N |
|
A or K |
Applicable Rate |
8 |
O |
TAXC |
N |
|
A, F, or K |
Tax Credit Rate |
9 |
O |
TRAX |
N |
|
A or K |
Financial Transaction Tax Rate |
DEFINITION
This qualified generic field specifies:
ADEX |
Additional for Existing Securities |
Quantity of additional securities for a given quantity of underlying securities where underlying securities are not exchanged or debited, for example, 1 for 1: 1 new equity credited for every 1 underlying equity = 2 resulting equities. |
ADSR |
Additional for Subscribed Resultant Securities |
Quantity of additional intermediate securities/new equities awarded for a given quantity of securities derived from subscription. |
CHAR |
Charges/Fees |
Rate used to calculate the amount of the charges/fees that cannot be categorised. |
FISC |
Fiscal Stamp |
Percentage of fiscal tax to apply. |
NEWO |
New to Old |
Quantity of new securities for a given quantity of underlying securities, where the underlying securities will be exchanged or debited, for example, 2 for 1: 2 new equities credited for every 1 underlying equity debited = 2 resulting equities. |
RATE |
Applicable Rate |
Rate applicable to the event announced, for example, redemption rate for a redemption event. |
TAXC |
Tax Credit Rate |
Amount of money per equity allocated as the result of a tax credit. |
TRAT |
Transformation Rate |
Rate used to determine the cash consideration split across outturn settlement transactions that are the result of a transformation of the parent transaction. |
TRAX |
Financial Transaction Tax Rate |
Rate of financial transaction tax. |
CODES
In option K, Rate Type Code must contain the following code:
UKWN |
Unknown Rate |
Rate is unknown by the sender or has not been established. |
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.
If Rate is zero, Sign must not be present.
Currency Code, First Currency Code and Second Currency Code must be valid ISO 4217 currency codes.
USAGE RULES
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).
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).