 Option R |
[N]12d |
(Sign)(Rate) |
Mandatory in conditional (see rule C1) sequence B
This field specifies the spread, that is, the margin which will be added to (or subtracted from, if negative) the floating rate.
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.
If the spread is positive, that is, added to the rate, Sign is not present.
If there is no spread, the value of this field should be zero, that is, 0.
