Option M[N]12d(Sign) (Rate)| Option M |
[N]12d |
(Sign) (Rate) |
Mandatory
This rate specifies for FRABBA FRA's, the contract rate or, for ISDA FRA's, the fixed rate of the FRA.
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).
Sign must not be used when Rate is equal to '0' (Error code(s): T14).
The rate is quoted following standard banking practice.
Sign must not be present for a positive rate.
Sign must be present for a negative rate.
