MT 535 Field Specifications
27. 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
|
VAHA
|
N
|
|
A
|
Valuation Haircut
|
DEFINITION
This qualified generic field specifies:
| PRFC |
Previous Factor |
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 |
Current factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities). |
| NWFC |
Next Factor |
New factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities). |
| INTR
|
Interest Rate
|
Annual rate of a financial instrument.
|
INTR
|
Interest Rate
|
1. Ratio of the amount of interest paid during a certain period of time to the principal amount of the interest bearing security; 2. Current rate of a floating rate note.
|
| NXRT |
Next Interest Rate |
Next interest rate; on a floating rate note, the interest rate applicable to the next payment period. |
| VAHA
|
Valuation Haircut
|
Haircut percentage applied to the market value of underlying assets used as collateral as a risk control measure. The institution valuating the collateral calculates the value of underlying assets based on its market value less a certain percentage (the haircut).
|
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).
When Sign is present, Rate must not be zero (Error code(s): T14).
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).
