MT 405 Field Specifications

42. Field 37J: Interest Rate

FORMAT

Option J

12d

(Rate)

PRESENCE

Mandatory in an optional subsequence

DEFINITION

This field specifies the interest rate to be collected from the drawee.

NETWORK VALIDATED RULES

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and is included in the maximum length (Error code(s): T40, T43).