Standards - Category 3 - MT 361 - 76. Field 37N: Details of Interest Rate

MT 361 Field Specifications

76. 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

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.