MT 341 Field Specifications

23. Field 37R: Settlement Rate

FORMAT

Option R

[N]12d

(Sign) (Rate)

PRESENCE

Mandatory

DEFINITION

This rate specifies the settlement rate.

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).

Sign must not be used when Rate is equal to '0' (Error code(s): T14).

USAGE RULES

The rate is quoted following standard banking practice.