MT 515 Field Specifications

39. Field 22F: Indicator

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	MICO	N		F	Method of Interest Computation
2	O	FORM	N		F	Form of Securities
3	O	PFRE	N		F	Payment Frequency
4	O	PREF	N		F	Preference to Income
5	O	PAYS	N		F	Payment Status Indicator
6	O	PADI	N		F	Payment Direction Indicator
7	O	CFRE	N		F	Variable Rate Change Frequency

DEFINITION

This qualified generic field specifies:

MICO	Computation method to calculate the interest of the related financial instrument.
FORM	Form of securities is registered or bearer.
PFRE	Payment frequency; periodic or regular cycle of interest payments.
PREF	Specifies the level of priority Preference to income; security status relative to the claim on income and assets of the company.
PAYS	Specifies the status of the payment of a financial instrument at a particular time, as agreed with the issuer.
PADI	Specifies the direction of payment for factor securities, ie, whether the repaid capital is distributed (payment direction is down) or capitalized (payment direction is up).
PAYS	Payment status indicator; amount paid for the share.
PADI	The direction of capital repayment for asset backed securities.
CFRE	The frequency of changes to the variable rate of a fixed income instrument.

CODES

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

A001	30/360. Method whereby interest is calculated based on a 30-day month and a 360-day year. If the accrual period ends on a 31st, do not change the date unless the period started on a 30th or 31st, in which case change the end date to 30th. In addition, if the accrual period ends on the last day of February, the month of February should not be extended to a 30 day month.
A002	30/365. Method whereby interest is calculated based on a 30-day month and a 365-day year.
A003	30/Actual. Method whereby interest is calculated based on a 30-day month and the assumed number of days in a year, i.e. the actual number of days in the accrual period multiplied by the number of interest payments in the year. Eg, a semi-annual bond (one paying two coupons per year) can display a period between coupons of 181 to 184 days. In this case, the number of days in a year will be 362 to 368 days.
A004	Actual/360. Method whereby interest is calculated based on the actual number of accrued days and a 360-day year.
A005	Actual/365. Method whereby interest is calculated based on the actual number of accrued days and a 365-day year.
A006	Actual/Actual (ISMA). Method whereby interest is calculated based on the actual number of accrued days and the assumed number of days in a year, i.e. the actual number of days in the accrual period multiplied by the number of interest payments in the year.
A007	30E/360 or Eurobond basis. Method whereby interest is calculated based on a 30-day month (no exceptions, i.e. February should always be extended to a 30-day month) and a 360-day year.
A008	Actual/Actual (ISDA). Method whereby interest is calculated based on the actual number of accrued days (falling on a normal year) divided by 365, added to the actual number of days (falling on a leap year) divided by 366.
A009	Actual/Actual (basic rule). Method whereby interest is calculated based on the actual number of accrued days and a 365-day year (if payment date is NOT in a leap year) or a 366-day year (if payment date is in a leap year).
A010	Actual/Actual (AFB). Method whereby interest is calculated based on the actual number of accrued days and a 366-day year (if 29 Feb falls in the accrual period) or a 365-day year (if 29 Feb does not fall in the accrual period).
OTHR	Other method than A001-A010. See Narrative.

A001	30/360.
A002	30/365.
A003	30/Actual.
A004	Actual/360.
A005	Actual/365.
A006	Actual/Actual or 1/1.
A007	30E/360 or Eurobond basis.
A008	Actual/M.
A009	Actual/365L.

CODES

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

BEAR	Bearer security.
REGD	Registered security.

CODES

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

ORDN	Ordinary/common. Indicates an ordinary/common claim on income and assets.
ORDN	Ordinary/common.
PRFD	Security has a preferred claim upon income and assets.

CODES

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

ANNU	Annual payment cycle.
MNTH	Monthly payment cycle.
QUTR	Quarterly payment cycle.
SEMI	Semi-annual payment cycle.
WEEK	Weekly payment cycle.

CODES

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

FULL	Fully paid.
NILL	Nill paid.
PART	Partially paid.

CODES

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

PAYD	The direction of the payment is down.
PAYU	The direction of the payment is up.

CODES

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

ANNU	Annual payment cycle.
MNTH	Monthly payment cycle.
QUTR	Quarterly payment cycle.
SEMI	Semi-annual payment cycle.
WEEK	Weekly payment cycle.