MT 535 Field Specifications

43. Field 90a: Price

FORMAT

Option A	:4!c//4!c/15d	(Qualifier) (Percentage Type Code) (Price)
Option B	:4!c//4!c/3!a15d	(Qualifier) (Amount Type Code) (Currency Code) (Price)
Option E	:4!c//4!c	(Qualifier) (Price Code)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	INDC	N		A, B	Indicative Price
	or	MRKT	N		A, B, E	Market Price

DEFINITION

This qualified generic field specifies:

INDC	Indicative Price	Estimated indicative price represented either as an actual amount (option B) or a percentage (option A).
MRKT	Market Price	Last reported/known price of a financial instrument in a market.
MRKT	Market Price	Current market price of securities represented either as an actual amount (option B) or a percentage (option A).

CODES

Percentage Type Code must contain one of the following codes (Error code(s): K90):

DISC	Discount	Price expressed as the number of percentage points below par, eg, a discount price of 2.0% equals a price of 98 when par is 100.
PRCT	Percentage	Price expressed as a percentage of par.
PREM	Premium	Price expressed as the number of percentage points above par, eg, a premium price of 2.0% equals a price of 102 when par is 100.
YIEL	Yield	Price expressed as a yield.

CODES

Amount Type Code must contain one of the following codes (Error code(s): K90):

ACTU	Actual Amount	Price expressed as an amount of currency per unit or per share.
DISC	Discount	Price expressed as a discount amount.
PREM	Premium	Price expressed as a premium.

CODES

If Qualifier is MRKT and format is option E, Price Code must contain one of the following codes (Error code(s): K90):

UKWN

Unknown

Though the statement is audited, the price value is unknown to the message sender.

NETWORK VALIDATED RULES

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

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

USAGE RULES

The number of decimal digits in Price is not validated against the specified currency.

The Unknown value is only to be used for audited statements for which the price is mandatory.