Option A:4!c//[N]15d(Qualifier) (Sign) (Rate)Option C:4!c/[8c]/24x(Qualifier) (Data Source Scheme) (Rate Name)| Option A |
:4!c//[N]15d |
(Qualifier) (Sign) (Rate) |
| Option C |
:4!c/[8c]/24x |
(Qualifier) (Data Source Scheme) (Rate Name) |
Optional
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
O |
PRIC |
N |
|
A, C |
Pricing Rate |
| 2 |
O |
MARG |
N |
|
A |
Margin |
| 3 |
O |
RSPR |
N |
|
A |
Spread Rate |
This qualified generic field specifies:
| MARG |
Margin |
The difference between the total exposure and the total collateral value of the transaction expressed as a percentage. |
| PRIC |
Pricing Rate |
The interest rate to be paid on the transaction amount, as agreed between the counterparties. |
| RSPR |
Spread Rate |
Margin allowed over or under a given rate. |
Rate Name specifies the reference rate or basis rate on which a rate is based (ex: EONIA, EURIBOR, LIBOR, FEFUND, EURREPO).
The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum length (Error code(s): T40, T43).
Sign must not be present when Rate is '0' (Error code(s): T14).
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).
