MT569: (27) Field 92A: Rate: Margin
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
PRESENCE
Optional in mandatory sequence C
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
MARG |
N |
|
A |
Margin |
DEFINITION
This qualified generic field specifies:
MARG |
Margin |
The collateral excess/shortage expressed in the percentage of the collateral required. |
NETWORK VALIDATED RULES
The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum length.
If Rate is zero, Sign must not be present.
USAGE RULES
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).
