MT 538 Field Specifications

42. Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier) (Date)
Option C :4!c//8!n6!n (Qualifier) (Date) (Time)

PRESENCE

Mandatory

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M SETT N   A, C Settlement Date/Time
2 O AVAL N   A, C Available Date/Time

DEFINITION

This qualified generic field specifies:

SETT Settlement Date/Time Date/time on which the securities have been moved.
AVAL Available Date/Time Date/time securities become available for sale (if securities become unavailable, this specifies the date at which they will become available again).

NETWORK VALIDATED RULES

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

Time must be a valid time expressed as HHMMSS (Error code(s): T38).