MT 935 Field Specifications

5. Field 37H: New Interest Rate

FORMAT

Option H

1!a12d

(Indicator) (Rate)

PRESENCE

Mandatory

DEFINITION

This field specifies the new interest rate being advised.

CODES

Indicator must contain one of the following codes(Error code(s): T51):

C	The new interest rate is a credit rate.
D	The new interest rate is a debit rate.

NETWORK VALIDATED RULES

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).

USAGE RULES

This field may be repeated, if required.

Rate specifies the rate in decimal comma format.