MT 360 Field Specifications
75. Field 37N: Details of Interest Rate
FORMAT
Option N |
6*35x |
(Narrative) |
PRESENCE
Conditional (see rules C3, C4, C5, C6, C7, C8, and C9) in conditional (see rule C10) sequence F
DEFINITION
This field specifies additional details about the interest rate.
USAGE RULES
For OIS trades, this field must contain /OIS/ on the first line.
In sequence F, if the Floating Rate Option is equal to OTHER in field 14F, then the code word /FROP/ must be used in this field followed by the Floating Rate Option.