MT 515 Field Specifications

43. Field 92A: Rate

FORMAT

Option A

:4!c//[N]15d

(Qualifier) (Sign) (Rate)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	PRFC	N		A	Previous Factor
2	O	CUFC	N		A	Current Factor
3	O	NWFC	N		A	Next Factor
4	O	INTR	N		A	Interest Rate
5	O	NXRT	N		A	Next Interest Rate
6	O	DECL	N		A	Percentage of Debt Claims

DEFINITION

This qualified generic field specifies:

PRFC	Previous factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).
CUFC	Current factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).
NWFC	New factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).
INTR	Annual rate of a financial instrument.
INTR	Ratio of the amount of interest paid during a certain period of time to the principal amount of the interest bearing security; Current rate of a floating rate note.
NXRT	Next interest rate; on a floating rate note, the interest rate applicable to the next payment period.
DECL	Percentage of the underlying assets of a fund that represents a debt and is in the scope of the EU Savings directive.

NETWORK VALIDATED RULES

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

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

When Sign is present, Rate must not be zero (Error code(s): T14).

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

USAGE RULES

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate should be expressed as a percentage, not as a decimal fraction (12% should be identified by 12, and not 0,12).