MT 360 Field Specifications

74. Field 37L: Floor Rate

FORMAT

Option L

12d

(Rate)

PRESENCE

Conditional (see rule C19) in conditional (see rule C10) sequence F

DEFINITION

This field specifies the floor rate.

For an ISDA Master (Type in field 77H is ISDA), this field specifies the Floating Amounts specifications as per ISDA definitions.

NETWORK VALIDATED RULES

The integer part of Rate 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

Rate is expressed as a percentage.