MT 584 Field Specifications

75. 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)

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	Market Price
2	O	EXER	N		A, B	Exercise Price

DEFINITION

This qualified generic field specifies:

EXER	Price at which the security will be purchased/sold if the warrant is exercised. Price is represented either as an actual amount (option B) or a percentage (option A). Price at which the bond is converted. Price is represented either as an actual amount (option B) or a percentage (option A). Strike price of an option. Price is represented either as an actual amount (option B) or a percentage (option A).
INDC	Estimated indicative price, represented either as an actual amount (option B) or a percentage (option A).
MRKT	Current market price of the securities, represented either as an actual amount (option B) or a percentage (option A).

CODES

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

DISC	Discount price. 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. Price expressed as a percentage of par.
PREM	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. Price expressed as a yield.

CODES

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

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

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 currency specified.