MT 306 Field Specifications

74. Field 22Y: Frequency of Early Termination

FORMAT

Option Y

4!c

(Period)

PRESENCE

Optional in conditional (see rule C24) sequence I

DEFINITION

How frequently the optional early termination date occurs afterwards.

CODES

Period may contain one of the following codes:

ANNU	Optional early termination date occurs annually.
BIAN	Optional early termination date occurs biannually.
BIMO	Optional early termination date occurs bimonthly.
FIVE	Optional early termination date occurs every 5 years.
MONT	Optional early termination date occurs monthly.
TENN	Optional early termination date occurs every 10 years.
WEEK	Optional early termination date occurs weekly.

USAGE RULES

Only for Bermudan style options.