MT 586 Field Specifications

22. Field 98a: Date/Time

FORMAT

Option A	:4!c//8!n	(Qualifier) (Date)
Option B	:4!c/[8c]/4!c	(Qualifier) (Data Source Scheme) (Date Code)
Option C	:4!c//8!n6!n	(Qualifier) (Date) (Time)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	SETT	N		A, B, C	Settlement Date/Time
2	O	TRAD	N		A, B, C	Trade Date/Time
3	O	ADEL	N		A, C	Actual Late Delivery Date/Time

DEFINITION

This qualified generic field specifies:

SETT	Settlement Date/Time	Date/time at which the financial instruments are to be delivered or received.
TRAD	Trade Date/Time	Date/time at which the trade was executed.
ADEL	Actual Delivery Date/Time	Date/time after the settlement date specified in the trade, used for pool trades resulting from the original To Be Assigned (TBA) securities.

SETT	Settlement Date/Time	Date/time at which the securities are to be exchanged.
TRAD	Trade Date/Time	Date/time on which the deal was agreed.
ADEL	Late Delivery Date/Time	For TBA's, date greater than the settlement date stated in the trade.

CODES

In option B, if Qualifier is SETT and Data Source Scheme is not present, Date Code must contain one of the following codes (Error code(s): K98):

SEOP	Seller's option	Settlement is to be completed at the seller's option.
TBAT	To be Announced	Settlement is to be done as a result of a 'to be announced' trade.
WDIS	Distributed	Settlement is to be done when the security is distributed.
WIDI	Issued or Distributed	Settlement is to be done when the security is issued or distributed.
WISS	Issued	Settlement is to be done when the security is issued.

CODES

In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date code must contain the following code (Error code(s): K98):

VARI	Partial Trades.

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).

USAGE RULES

ADEL, Late delivery date is used for TBA's. It is a date greater than the settlement date stated in the trade, for pools designed as settling late.