 Option G |
[N]12d |
(Sign)(Rate) |
Mandatory in conditional (see rule C1) sequence B
This field specifies the reset rate of the calculation/compounding period starting with the 'period start date'.
Sign must not be used if Rate is zero (Error code(s): T14).
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).
Rate is expressed as a percentage.
In the case of a negative rate, Sign must be present. The absence of Sign means that the rate is positive.
In an OIR leg, this field must contain the calculation rate, that is, the rate used to calculate the interest.
