| ISO20022

MT566: (66) Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier)(Sign)(Rate)
Option D	:4!c//15d/15d	(Qualifier)(Quantity)(Quantity)
Option F	:4!c//3!a15d	(Qualifier)(Currency Code)(Amount)
Option L	:4!c//3!a15d/3!a15d	(Qualifier)(First Currency Code)(Amount)(Second Currency Code)(Amount)
Option M	:4!c//3!a15d/15d	(Qualifier)(Currency Code)(Amount)(Quantity)
Option N	:4!c//15d/3!a15d	(Qualifier)(Quantity)(Currency Code)(Amount)
Option R	:4!c/[8c]/4!c/15d	(Qualifier)(Data Source Scheme)(Rate Type Code)(Rate)

PRESENCE

Optional in optional subsequence D1

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	ADEX	N		D or L	Additional for Existing Securities
2	O	NEWO	N		D, L, M, or N	New to Old
3	O	ADSR	N		D or L	Additional for Subscribed Resultant Securities
4	O	CHAR	N		A or F	Charges/Fees
5	O	FISC	N		A	Fiscal Stamp
6	O	RATE	N		A	Applicable Rate
7	O	TAXC	N	C3, C4	A or F	Tax Credit Rate
8	O	TRAX	N		A	Financial Transaction Tax Rate
9	O	TAXR	R	C3, C4, C8	A, F, or R	Withholding Tax Rate
10	O	WITL	R	C3, C4, C8	A, F, or R	Second Level Tax

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.
TAXR	Withholding Tax Rate	Percentage of a cash distribution 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.
TRAX	Financial Transaction Tax Rate	Rate of financial transaction tax.
WITL	Second Level Tax	Rate at which the income will be withheld by a 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. It is levied in complement or offset of the withholding tax rate (TAXR) levied by the jurisdiction of the issuer's tax domicile.

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 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 Secondary 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).

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).