MT 502 Field Specifications

16. Field 22F: Indicator: Type of Price

FORMAT

Option F

:4!c/[8c]/4!c

(Qualifier) (Data Source Scheme) (Indicator)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	PRIC	N		F	Type of Price

DEFINITION

This qualified generic field specifies:

PRIC	Type of price identified in the deal price.

CODES

If Data Source Scheme is not present and Qualifier is PRIC, Indicator must contain one of the following codes (Error code(s): K22):

COMB	Combined Expenses. It is used in the UK market.
GREX	Gross execution price. The price is an all inclusive price, ie, including all charges, fees and taxes.
NDIS	Net to client disclosed. It is used in the UK market.
NET1	The price is a net price, ie, net of all charges, fees, taxes.
NET2	The price is a net price, ie, net only of local broker's commission, local fees, local taxes, etc.
NOGR	Notional Gross. It is used in the UK market.
NUND	Net to client undisclosed. It is used in the UK market.
PARV	The price is a par value or equal to the nominal or face value of the instrument.

NETWORK VALIDATED RULES

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