MT 362 Field Specifications

46. Field 30F: Payment Date

FORMAT

Option F

8!n

(Date)

PRESENCE

Mandatory in a conditional sequence (C1)

DEFINITION

This field specifies the payment date of the interest payable by party A.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).

USAGE RULES

The payment date is an adjusted date, ie, a valid business day.

For compounding, non-OIS swaps, this field must contain the end date of the compounding period.