MT 502 Field Specifications

19. Field 98a: Date/Time

FORMAT

Option A	:4!c//8!n	(Qualifier) (Date)
Option B	:4!c/[8c]/4!c	(Qualifier) (Data Source Scheme) (Date Code)
Option C	:4!c//8!n6!n	(Qualifier) (Date) (Time)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	EXPI	N		A or C	Expiry Date/Time
2	O	RSET	N		A, B or C	Requested Settlement Date
3	O	NAVD	N		A or C	Net Asset Value Calculation Date

DEFINITION

This qualified generic field specifies:

EXPI	Date/time on which an order expires or on which a privilege or offer terminates.
EXPI	Date/time on which the order is to expire.
RSET	Date/time on which the instructing party requests settlement to take place.
NAVD	Date/time on which the net asset value is calculated (funds industry).

CODES

In option B, when Qualifier is RSET and Data Source Scheme is not present, Date Code must contain one of the following codes (Error code(s): K98):

SEOP	Settlement is to be completed at the seller's option.
TBAT	Settlement is to be completed as a result of a 'to be announced' trade.
WDIS	Settlement is to be completed when the security is distributed.
WIDI	Settlement is to be completed when the security is issued or when distributed.
WISS	Settlement is to be completed when the security is issued.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).

Time must be a valid time expressed as HHMMSS (Error code(s): T38).