Option H:4!c//4!c(Qualifier) (Indicator)| Option H |
:4!c//4!c |
(Qualifier) (Indicator) |
Mandatory
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
M |
DPLO |
N |
|
H |
Lender/Borrower Indicator |
| 2 |
O |
MICO |
N |
|
H |
Method of Interest Computation Indicator |
This qualified generic field specifies:
| DPLO |
This field indicates whether the Sender, or the institution/corporate on behalf of which the message is sent is the borrower or the lender. |
| MICO |
This field specifies the number of days which are taken into account for the calculation of the interest. The Day Count Fraction as per ISDA definitions. |
When Qualifier is DPLO, Indicator must contain one of the following codes (Error code(s): K22):
| BORR |
The Sender, or the institution/corporate on behalf of which the message is sent is the borrower (receives the principal amount and pays the interest). |
| LEND |
The Sender, or the institution/corporate on behalf of which the message is sent is the lender (pays the principal amount and receives the interest). |
When Qualifier is MICO, Indicator must contain one of the following codes (Error code(s): K22):
| A001 |
'30/360', '360/360' or 'Bond Basis'. |
| A004 |
'Actual/360' (28-31/360). |
| A007 |
'30E/360' or 'Eurobond Basis'. |
| A008 |
'Actual/365' or 'Actual/Actual' (28-31/365-6). |
| A009 |
'Actual/365 (fixed)' (28-31/365). |
