MT 364 Field Specifications
18. Field 22D: Accrual of Interest Specification
FORMAT
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. |