16x The format is structured as: 3!a[2!n]11x(Currency) (Number of Days) (Function)| 16x |
|
| The format is structured as: |
|
| 3!a[2!n]11x |
(Currency) (Number of Days) (Function) |
Conditional (C2)
This field specifies the kind of interest rate being advised, in those cases where it is not related to a specific account.
Function must contain one of the following codes identifying the function of the message:
| BASE |
Used to advise a change in the base rate |
| CALL |
Used to advise a change in the call rate |
| COMMERCIAL |
Used to advise a change in the commercial rate |
| CURRENT |
Used to advise a change in the interest rate applicable to current accounts |
| DEPOSIT |
Used to advise a change in the interest rate applicable to deposits |
| NOTICE |
Used to advise a change in the notice rate |
| PRIME |
Used to advise a change in the prime rate |
Currency specifies the currency that applies to the rate.
Number of Days specifies the number of days notice (eg, 07). It must only be used when Function is NOTICE.
