MT 515 Field Specifications

20. Field 90a: Price

FORMAT

Option A	:4!c//4!c/15d	(Qualifier) (Percentage Type Code) (Price)
Option B	:4!c//4!c/3!a15d	(Qualifier) (Amount Type Code) (Currency Code) (Price)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	DEAL	N		A or B	Deal Price
2	O	MAUP	N		A or B	Marked Up Price
or	O	MADW	N		A or B	Marked Down Price

DEFINITION

This qualified generic field specifies:

DEAL	Deal price represented either as an actual amount (option B) or as a percentage (option A).
MAUP	Marked up price. In case of an order to buy, the price that the broker paid on the market plus the broker's commission.
MADW	Marked down price. In case of an order to sell, the price the broker receives in the market minus the broker's commission.

CODES

In option A, Percentage Type Code must contain one of the following codes (Error code(s): K90):

DISC	Discount price. Price expressed as the number of percentage points below par, eg, a discount price of 2.0% equals a price of 98 when par is 100.
PRCT	Percentage price. Price expressed as a percentage of par.
PREM	Premium price. Price expressed as the number of percentage points above par, eg, a premium price of 2.0% equals a price of 102 when par is 100.
YIEL	Yield price. Price expressed as a yield.

CODES

In option B, Amount Type Code must contain one of the following codes (Error code(s): K90):

ACTU	The actual amount. Price expressed as an amount of currency per unit or per share.
DISC	Discount price. Price expressed as a discount amount.
PREM	Premium price. Price expressed as a premium.

NETWORK VALIDATED RULES

Currency Code must be a valid ISO 4217 currency code (Error code(s): T52).

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).

USAGE RULES

The number of decimal digits in Price is not validated against the currency specified.