MT 340 Field Specifications

23. Field 38G: Designated Maturity

FORMAT

Option G

2n1!a/2n1!a

(Number-From) (Period-From) (Number-To) (Period-To)

PRESENCE

Mandatory

DEFINITION

This field specifies the designated maturities of the rate source.

For an ISDA Master (Type in field 77H = ISDA), this field specifies the Designated Maturity as per ISDA definitions.

CODES

Period-From and Period-To must be specified using one of the following codes (Error code(s): T48):

D	Daily.
M	Monthly.
O	The designated maturity is specified in field 72.
W	Weekly.
Y	Yearly.

USAGE RULES

This field specifies the tenor for the interest rate. Eg, a deal that starts in 3 months and ends in 9, has a 6 months tenor; in this case 38G contains 6M/6M as it is the 6 months rate; here both subfields have the same value.

For interpolation, this field specifies the two designated maturities.

When there is no interpolation, Period-From and Period-To must be the same designated maturity.