MT 360 Field Specifications

44. Field 14D: Day Count Fraction

FORMAT

Option D

7x

(Number)

PRESENCE

Mandatory in a conditional subsequence (C16 C17 )

DEFINITION

This field specifies the number of days which are taken into account for the calculation of the interest.

For an ISDA Master (Type in field 77H is ISDA), this field specifies the Day Count Fraction as per ISDA definitions.

CODES

One of the following codes must be used (Error code(s): T36):

ACT/365	'Actual/365' or 'Actual/Actual'.
AFI/365	'Actual/365 (fixed)'.
ACT/360	'Actual/360'.
360/360	'30/360', '360/360' or 'Bond Basis'.
30E/360	'30E/360' or 'Eurobond Basis'.
EXA/EXA	'Base Exact/Exact' as per September 1994 additives to AFB definitions or '1/1'.
OTHER	Day Count Fraction is specified in field 37N in the same sequence.