MT 364 Field Specifications

18. Field 22D: Accrual of Interest Specification

FORMAT

Option D

4!c

(Code)

PRESENCE

Conditional (C2)

DEFINITION

This field specifies, in the case of a partial termination or recouponing, as of when the new notional amount or new interest rate will be applicable for the interest calculation.

CODES

Code must contain one of the following codes (Error code(s): T71):

LAST	The accrual of the (new) interest on the (reduced) notional amount is applicable from the start of the current last calculation periods.
NEXT	The accrual of the (new) interest on the (reduced) notional amount will be applicable as of the next calculation periods.
OTHR	The accrual of the interest is specified in field 37N in the same sequence.