MT 364 Field Specifications

27. Field 37U: Current Fixed Rate

FORMAT

Option U

12d

(Rate)

PRESENCE

Mandatory in a conditional sequence (C1)

DEFINITION

This field specifies the original fixed rate payable by party A or, in the case of a (partial) termination or recouponing of a transaction which was recouponed before, the rate resulting from the previous recouponing.

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.