MT565: (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 R | :4!c/[8c]/4!c/15d | (Qualifier)(Data Source Scheme)(Rate Type Code)(Rate) |
PRESENCE
Optional in mandatory sequence D
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
OFFR |
N |
|
A |
Proposed Rate |
2 |
O |
OSUB |
N |
|
A or F |
Over-subscription Rate |
3 |
O |
TAXB |
R |
|
A, F, or R |
Requested Withholding Tax Rate |
4 |
O |
WITL |
R |
|
A, F, or R |
Requested Second Level Tax Rate |
DEFINITION
This qualified generic field specifies:
OFFR |
Proposed Rate |
Rate proposed in a remarketing of variable rate notes. |
OSUB |
Over-subscription Rate |
Rate of allowed over-subscription. |
TAXB |
Requested Withholding Tax Rate |
Requested tax rate 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. |
WITL |
Requested Second Level Tax Rate |
Requested rate at which the income will be withheld by the 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. |
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). |
NETWORK VALIDATED RULES
The integer part of 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 must be a valid ISO 4217 currency code.
USAGE RULES
Sign must be present when Rate is negative.
Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).
