MT566: (29) Field 98a: Date/Time
FORMAT
| Option A | :4!c//8!n | (Qualifier)(Date) |
| Option B | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Date Code) |
| Option C | :4!c//8!n6!n | (Qualifier)(Date)(Time) |
| Option E | :4!c//8!n6!n[,3n][/[N]2!n[2!n]] | (Qualifier)(Date)(Time)(Decimals)(UTC Indicator) |
PRESENCE
Optional in optional sequence C
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
XDTE |
N |
|
A or B |
Ex-Dividend or Distribution Date |
2 |
O |
PROD |
N |
|
A or B |
Proration Date |
3 |
O |
MEET |
N |
|
A, B, C, or E |
Meeting Date/Time |
4 |
O |
RDTE |
N |
|
A or B |
Record Date |
5 |
O |
LOTO |
N |
|
A or B |
Lottery Date |
6 |
O |
EQUL |
N |
|
A or B |
Equalization Date |
7 |
O |
MATU |
N |
|
A or B |
New Maturity Date |
8 |
O |
IFIX |
N |
|
A, B, C, or E |
Fixing Date/Time |
DEFINITION
This qualified generic field specifies:
EQUL |
Equalization Date |
Date at which all or part of any holding bought in a unit trust is subject to being treated as capital rather than income. This is normally one day after the previous distribution's ex date. |
IFIX |
Fixing Date/Time |
Date/time at which an index/rate/price/value will be determined. |
LOTO |
Lottery Date |
Date at which the lottery is run and applied to the holder's positions. This is also applicable to partial calls. |
MATU |
New Maturity Date |
Date to which the maturity date of an interest bearing security is extended. |
MEET |
Meeting Date/Time |
Date/time at which the bondholders' or shareholders' meeting will take place. |
PROD |
Proration Date |
Date at which the issuer will determine a proration amount/quantity of an offer. |
RDTE |
Record Date |
Date at which positions are struck at the end of the day to note which parties will receive the relevant amount of entitlement, due to be distributed on payment date. |
XDTE |
Ex-Dividend or Distribution Date |
Date as from which trading (including exchange and OTC trading) occurs on the underlying security without the benefit. |
CODES
In option B, if Data Source Scheme is not present, Date Code must contain one of the following codes:
ONGO |
Ongoing Basis |
Date is determined by "on going basis" process, for example "au fil de l'eau". |
UKWN |
Unknown Date |
Date is unknown by the sender or has not been established. |
NETWORK VALIDATED RULES
Date must be a valid date expressed as YYYYMMDD.
Time must be a valid time expressed as HHMMSS.
UTC Indicator must be a valid time expressed as HH[MM].
Sign ([N]) must not be used when UTC Indicator is equal to all zeroes.
USAGE RULES
In sequence B1 and D1a, MATU provides generic information about the final maturity of an instrument. In sequence C, MATU is to be used only in the case of event "maturity extension" EXTM (in sequence A, field :22F::CAEV//EXTM) to provide the extended maturity date.
Effective date is to be used:
In events where there is no concept of entitlement, for instance Name Change (CHAN) or Place of Incorporation (PLAC), and
In events where there is a sense of eligibility but with a legal obligation, for instance Merger (MRGR)
