MT 516 Field Specifications

15. Field 37J: Interest Rate on the Securities

FORMAT

Option J

12d

(Rate)

PRESENCE

Optional

DEFINITION

This field specifies the interest rate to be paid by the borrower on the market value of the securities on loan.

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).