SWIFTStandards FIN - Category 5 - MT 564

MT 564 Field Specifications

21. 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	Options	Qualifier Description
1	O	PRFC	N	A	Previous Factor
2	O	~~CUFC~~	N	A	~~Current Factor~~
2 3	O	NWFC	N	A	Next Factor
3 4	O	INTR	N	A	Interest Rate
4 5	O	NXRT	N	A	Next Interest Rate
5	O	DECL	N	A	Percentage of Debt Claims

DEFINITION

This qualified generic field specifies:

DECL	Percentage of Debt Claims	Percentage of the underlying assets of a fund that represents a debt and is in the scope of the EU Savings directive.
INTR	Interest Rate	Annual rate of a financial instrument.
NWFC	Next Factor	Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) that will applicable after the redemption (factor) date.
NXRT	Next Interest Rate	On a floating rate note, the interest rate applicable to the next payment period.
PRFC	Previous Factor	Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) until the next redemption (factor) date.

CUFC Current Factor This field identifies the current 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 1. Ratio of the amount of interest paid during a certain period of time to the principal amount of interest bearing security 2. Current rate of a floating rate note.

NWFC Next Factor This field identifies the new factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).

NXRT Next Interest Rate On a floating rate note, the interest rate applicable to the next payment period.

PRFC Previous Factor This field identifies the previous factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).

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 for previous (PRFC) and next (NWFC) factor rates (typically defined as a decimal), 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).

In case of partial redemption by pool factor, PRFC (Previous Factor) provides the factor applicable before redemption and NWFC provides the factor applicable after redemption.

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).

CUFC	Current Factor	This field identifies the current 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	1. Ratio of the amount of interest paid during a certain period of time to the principal amount of interest bearing security 2. Current rate of a floating rate note.
NWFC	Next Factor	This field identifies the new factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).
NXRT	Next Interest Rate	On a floating rate note, the interest rate applicable to the next payment period.
PRFC	Previous Factor	This field identifies the previous factor expressed as a decimal between 0 and 1 defining the outstanding principal of the bond (for asset or mortgage backed securities).