MT 306 Field Specifications

42. Field 36: Strike Price

FORMAT

12d

(Rate)

PRESENCE

Mandatory in a conditional sequence (C10)

DEFINITION

This field specifies the rate at which the put currency will be exchanged for the call currency.

NETWORK VALIDATED RULES

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

USAGE RULES

The rate is quoted following standard banking practice.