MT 360 Field Specifications

60. Field 37U: Fixed Rate

FORMAT

Option U

12d

(Rate)

PRESENCE

Conditional (C16 C17 ) in a conditional sequence (C10)

DEFINITION

This field specifies the fixed rate.

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

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).

USAGE RULES

Rate is expressed as a percentage.