MT 504 Field Specifications

24. Field 98a: Date/Time

FORMAT

Option A	:4!c//8!n	(Qualifier)(Date)
Option C	:4!c//8!n6!n	(Qualifier)(Date)(Time)

PRESENCE

Optional in optional subsequence B1

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	VALE	N		A or C	Date/Time of Valuation of the Exposure
2	O	VALC	N		A or C	Date/Time of Valuation of the Collateral
3	O	RSET	N		A	Requested Settlement Date of the Collateral

DEFINITION

This qualified generic field specifies:

RSET	Requested Settlement Date of the Collateral	Date on which the instructing party requests settlement of the collateral to take place.
VALC	Date/Time of Valuation of the Collateral	Date/time at which the collateral was valued.
VALE	Date/Time of Valuation of the Exposure	Date/time at which the exposure was valued.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).

Time must be a valid time expressed as HHMMSS (Error code(s): T38).