| ISO20022

MT566: (32) Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier)(Sign)(Rate)
Option F	:4!c//3!a15d	(Qualifier)(Currency Code)(Amount)
Option K	:4!c//4!c	(Qualifier)(Rate Type Code)
Option P	:4!c//15d	(Qualifier)(Index Points)

PRESENCE

Optional in optional sequence C

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	Options	Qualifier Description
1	O	RDIS	N	A	Reinvestment Discount Rate to Market
2	O	INTR	N	A or F	Interest Rate
3	O	BIDI	N	F or P	Bid Interval Rate
4	O	NWFC	N	A	Next Factor
5	O	PRFC	N	A	Previous Factor
6	O	PTSC	N	A or K	Percentage Sought
7	O	SHRT	N	A or F	Interest Shortfall
8	O	RLOS	N	A or F	Realised Loss
9	O	INDX	N	A or F	Index Factor

DEFINITION

This qualified generic field specifies:

BIDI	Bid Interval Rate	Acceptable price increment used for submitting a bid.
INDX	Index Factor	Public index rate applied to the amount paid to adjust it to inflation.
INTR	Interest Rate	Annualised interest rate of a financial instrument used to calculate the actual interest rate of the coupon or the accrued interest.
NWFC	Next Factor	Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) that will be applicable after the redemption (factor) date.
PRFC	Previous Factor	Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) until the next redemption (factor) date.
PTSC	Percentage Sought	Percentage of securities the offeror/issuer will purchase or redeem under the terms of the event. This can be a number or the term 'any and all'.
RDIS	Reinvestment Discount Rate to Market	Rate of discount for securities purchased through a reinvestment scheme as compared to the current market price of security.
RLOS	Realised Loss	For structured security issues where there is a set schedule of principal and interest payments for the life of the issue, this is the difference between the actual rate of the capital or principal repayment and the scheduled capital repayment.
SHRT	Interest Shortfall	For structured security issues where there is a set schedule of principal and interest payments for the life of the issue, this is the difference between the actual rate of the interest payment and the expected or scheduled rate of the interest payment.

CODES

In option K, if Qualifier is PTSC, Rate Type Code must contain the following code:

ANYA	Any and All

NETWORK VALIDATED RULES

The integer part of Rate, Amount and Index Points 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 valid ISO 4217 currency codes.

USAGE RULES

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).

Interest Rate :92a::INTR and sequence D 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.