MT 516 Field Specifications

10. Field 30: Effective Date

FORMAT

6!n

(Date)

PRESENCE

Mandatory

DEFINITION

This field specifies the date either on which the securities loan will be effective or on which the securities on loan are to be recalled or have been returned.

NETWORK VALIDATED RULES

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

USAGE RULES

This field specifies the date on which the securities loan will be effective, when Function of field 23 consists of NEWLON.

It specifies the date on which the securities on loan are to be recalled or returned or have been returned, when Function of field 23 consists of the code RECALL or RETURN.