MT 303 Field Specifications

27. Field 36A: Strike Price

FORMAT

Option A

12d

(Rate)

PRESENCE

Mandatory in a conditional sequence (C2)

DEFINITION

This field specifies the rate at which the underlying currency will be exchanged for the counter currency if the option is exercised.

USAGE RULES

The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum length (Error code(s): T40, T43).