MT 564 Field Specifications

60. Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier) (Sign) (Rate)
Option B	:4!c//3!a/3!a/15d	(Qualifier) (First Currency Code) (Second Currency Code) (Rate)
Option D	:4!c//15d/15d	(Qualifier) (Quantity) (Quantity)
Option E	:4!c//4!c/[N]15d[/4!c]	(Qualifier) (Rate Type Code) (Sign) (Rate) (Rate Status)
Option F	:4!c//3!a15d	(Qualifier) (Currency Code) (Amount)
Option J	:4!c//4!c/3!a15d	(Qualifier) (Rate Type Code) (Currency Code) (Amount)
Option K	:4!c//4!c	(Qualifier) (Rate Type Code)

PRESENCE

Optional

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	EXCH	N		A, B, K	Exchange Rate
2	O	RDIS	N		A, K	Reinvestment Discount Rate to Market
3	O	ADSR	N		D, K	Additional for Subscribed Resultant Securities
4	O	ADEX	N		D, K	Additional for Existing Securities
5	O	NEWO	N		D, K	New to Old
6	O	NWRT	N		D, K	New Securities to Underlying Shares to Rights
7	O	NETT	R	C8, C9	A, E, F, J, K	Net Dividend Rate
8	O	GRSS	R	C6, C8, C9 C8	A, E, F, J, K	Gross Dividend Rate
9	O	TAXC	R	C8, C9	A, E, F, J, K	Tax Credit Rate
10	O	TAXE	R	C9	J	Tax Related Rate
11 10	O	NRES	N		A, F, K	Non-Resident Rate
12 11	O	TAXR	N		A, K	Withholding Tax Rate
12	O	OSUB	N		A, F, K	Over-subscription Rate
13	O	LADT	N		A, F, K	Local Tax (DE specific 1)
14	O	LIDT	N		A, F, K	Local Tax (DE specific 2)
15	O	LOTE	N		A, F, K	Local Tax (DE specific 3)
16	O	LYDT	N		A, F, K	Local Tax (DE specific 4)
17	O	WITF	N		A, F, K	Withholding of Foreign Tax
18	O	WITL	N		A, F, K	Withholding of Local Tax
19	O	CHAR	N		A, F, K	Charges/Fees
20	O	FLFR	N		A, F, K	Fully Franked Rate
21	O	INTR	N		A, F, K	Interest Rate
22	O	ATAX	N		A, F, K	Additional Tax
23	O	INDX INDF	N		A, F, K	Index Factor Indemnity on fractions Rate
24	O	BIDI	N		F, K	Bid Interval Rate
25	O	RATE OFFR	N		A, K	Applicable Proposed Rate
26	O	FDIV	N		F, K	Final Dividend Rate
27	O	FMRD	N		A, K	Face Amount Reduction Rate
27 28	O	INCE	N		A, K	Cash Incentive Rate
28 29	O	OVEP	N		A, K	Maximum Allowed Oversubscription Rate
29 30	O	PDIV	N		F, K	Provisional Dividend Rate
30 31	O	SOFE	N		A, K	Solicitation Fee Rate
31 32	O	TXIN	N		A, K	Tax on Income
32 33	O	TXPR	N		A, K	Tax on Profits
33	O	TXRC	N		A, K	Reclaim of Taxes Rate
34	O	PROR	N		A, K	Pro-Ration Rate
35	O	PTSC	N		A, K	Percentage of Total Share Capital Sought
36	O	FISC	N		A, K	Fiscal Stamp
37	O	INTP	N		A, F, K	Interest Rate Used for Payment

DEFINITION

This qualified generic field specifies:

ADEX	Additional for Existing Securities	Quantity of additional securities for a given quantity of underlying securities where underlying securities are not exchanged or debited, eg, 1 for 1: 1 new share credited for every 1 underlying share = 2 resulting shares.
ADSR	Additional for Subscribed Resultant Securities	Quantity of additional rights/new shares awarded for a given quantity of securities derived from subscription.
ATAX	Additional Tax	Additional taxes which can not be defined by one of the other qualifiers.
BIDI	Bid Interval Rate	Acceptable price increment used for submitting a Bid price interval is the acceptable price interval used for submitting your bid.
CHAR	Charges/Fees	Amount of money or rate paid for the provision of financial services that cannot be categorised by another qualifier.
CHAR	Charges/Fees	Charges/fees applied to the transaction.
EXCH	Exchange Rate	Currency exchange rate applicable for the CA event
FDIV	Final Dividend Rate	The dividend is known as Final.
FISC	Fiscal Stamp	Percentage of fiscal tax to apply.
FLFR	Fully Franked Rate	Rate resulting from a fully franked dividend paid by Australian company; rate includes tax credit for companies that have made sufficient tax payments during the fiscal period.
FMRD	Face Amount Reduction Rate	The reduction rate in case of a nominal value reduction (the face value of the financial instrument changes).
GRSS	Gross Dividend Rate	Cash dividend amount per share before deductions or allowances have been made.
INCE	Cash Incentive Rate	Rate of the cash premium made available if the securities holder consents or participates to an event, e.g. consent fees.
INDX	Index Factor	Public index rate applied to the amount paid to adjust it to inflation.
INTP	Interest Rate Used for Payment	The actual interest rate used for the payment of the interest for the specified interest period.
INTR	Interest Rate	Annual rate of a financial instrument.
INTR	Interest Rate	The annual interest rate or the current rate for a floating rate note.
INDF	Indemnity on Fractions Rate	Amount of indemnity or compensation paid by the issuer for remaining fractions.
LADT	Local Tax (DE specific 1)	Local tax (ZAS Anrechnungsbetrag) subject to interest down payment tax (proportion of interest liable for interest down payment tax/interim profit that is not covered by the tax exempt amount).
LIDT	Local Tax (DE specific 2)	Local tax (ZAS pflichtige Zinsen) interest liable for interest down payment tax (proportion of gross interest per unit/interim profits that is not covered by the credit in the interest pool).
LOTE	Local Tax (DE specific 3)	Local tax (Zinstopf ) offset interest per unit against tax exempt amount (variation to offset interest per unit in relation to tax exempt amount).
LYDT	Local Tax (DE specific 4)	Local tax (Ertrag Besitzanteilig) yield liable for interest down payment tax.
NETT	Net Dividend Rate	Cash dividend amount per share after deductions or allowances have been made.
NEWO	New to Old	Quantity of new securities for a given quantity of underlying securities where the underlying securities will be exchanged or debited, eg, 2 for 1: 2 new shares credited for every 1 underlying share debited = 2 resulting shares.
NRES	Non-Resident Rate	Rate per share to which a non-resident is entitled.
NWRT	New Securities to Underlying Shares to Rights	Quantity of new equities shares that will be derived by the exercise of a given quantity of intermediate securities. rights.
OFFR	Proposed Rate	Rate proposed in a remarketing of variable rate notes.
OSUB	Over-subscription Rate	Rate of allowed over-subscription.
OVEP	Maximum Allowed Oversubscription Rate	A maximum percentage of shares available through the over subscription privilege, usually a percentage of the basic subscription shares, eg, an account owner subscribing to 100 shares may over subscribe to a maximum of 50 additional shares when the over subscription maximum is 50%.
PDIV	Provisional Dividend Rate	The dividend is known as provisional.
PROR	Pro-Ration Rate	Proportionate allocation used for the offer.
PTSC	Percentage Sought	Percentage of securities the offeror/issuer will purchase or redeem under the terms of the event. This can be a number or the term 'any and all'.
RATE	Applicable Rate	Rate applicable to the event announced, eg, redemption rate for a redemption event.
PTSC	Percentage of Total Share Capital Sought	Percentage of the outstanding shares an offeror is looking to take over in voluntary actions such as tender offers. May also be used for other similar CA scenarios.
RDIS	Reinvestment Discount Rate to Market	Rate of discount for securities purchased through a reinvestment scheme as compared to the current market price of security.
SOFE	Solicitation Fee Rate	A cash rate made available in an offer in order to encourage participation in the offer.
TAXC	Tax Credit Rate	Cash amount per share allocated as the result of a tax credit.
TAXE	Tax Related Rate	Percentage of the gross dividend rate on which tax must be paid.
TXIN	Tax on Income	Taxation applied on an amount clearly identified as an Income.
TXPR	Tax on Profits	Taxation applied on an amount clearly identified as Capital Profits, Capital Gains.
TXRC	Reclaim of Taxes Rate	Percentage of cash that was paid in excess of actual tax obligation and was reclaimed.
TAXR	Withholding tax Rate	Percentage of a cash distribution that will be withheld by a tax authority.
WITF	Withholding of Foreign Tax	Rate at which the income will be withheld by the jurisdiction to which the income was originally paid, for which relief at source and/or reclaim may be possible.
WITL	Withholding of Local Tax	Rate at which the income will be withheld by the jurisdiction in which the account owner is located, for which a relief at source and/or reclaim may be possible.
WITF	Withholding of Foreign Tax	Rate of foreign tax withheld by foreign tax authority with jurisdiction in the market where the issuer paid the income.
WITL	Withholding of Local Tax	Rate of local tax withheld by local tax authority with jurisdiction in the country where the custodial agent (global custodian) resides.

CODES

If format option is E or J and if Qualifier is NETT, Rate Type Code must contain one of the following codes (Error code(s): K92):

FLFR	Fully franked.
UNFR	Unfranked.
TXFR	Tax free.
TXDF	Tax deferred.
SOIC	Sundry / Other income.
INTR	Interest.
INCO	Income Portion.
CAPO	Capital Portion.
TXBL	Taxable Portion.

CODES

If format option is E or J and if Qualifier is NETT or J and if Qualifier is GRSS, Rate Type Code must contain one of the following codes (Error code(s): K92):

FLFR	Fully franked.
UNFR	Unfranked.
TXFR	Tax free.
TXDF	Tax deferred.
SOIC	Sundry / Other other income.
INTR	Interest.
INCO	Income Portion.
CAPO	Capital Portion.
TXBL	Taxable Portion.
LTCG	Long Term Capital Gain.
STCG	Short Term Capital Gain.

CODES

If Qualifier is TAXC and format option is E or J, Rate Type Code must contain one of the following codes (Error code(s): K92):

ACTX	Advance corporation tax.
AVFI	Avoir fiscal.
IMPU	Imputed tax.
PREC	Precompte.
TIER	One-tier tax.

CODES

IIf Qualifier is TAXE and format option is J, Rate Type Code must contain one of the following codes (Error code(s): K92):

WITF	Withholding of Foreign Tax.
WITL	Witholding of Local Tax.
LIDT	Local Tax (DE specific 2).

CODES

If format option is K, Rate Type Code must contain one of the following codes (Error code(s): K92):

OPEN	Open-dated	Rate has not been established.
UKWN	Unknown Rate	Rate is unknown by the Sender.

CODES

If Qualifier is GRSS and format option is K, or Qualifier is INTR and format option is K, then the Rate Type Code must contain one of the following codes (Error code(s): K92):

OPEN	Open-dated	Rate has not been established.
UKWN	Unknown Rate	Rate is unknown by the Sender.
NILP	Nil Payment	Rate will not be paid.

CODES

Rate Status must contain one of the following codes (Error code(s): K92):

ACTU	Actual rate.
INDI	Indicative rate.

NETWORK VALIDATED RULES

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

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).

The integer part of Amount 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).

Currency Code, First Currency Code and Second Currency Code must be valid ISO 4217 currency codes (Error code(s): T52).

USAGE RULES

ACTU is the default value for Rate Status.

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, when used with format option A or E, the rate should be expressed as a percentage, not as a decimal fraction (12% should be identified by 12, and not 0,12).

In field 92B::EXCH, the order of the two currencies is independent of the currencies in the amount and resulting amount fields. Therefore the exchange rate can be expressed as a reciprocal if required.

For the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency. (1,00 of First Currency Code = [Rate] of Second Currency Code).