MT 575 Field Specifications

34. Field 98a: Date/Time: Effective Settlement Date/Time

FORMAT

Option A	:4!c//8!n	(Qualifier)(Date)
Option B	:4!c/[8c]/4!c	(Qualifier)(Data Source Scheme)(Date Code)
Option C	:4!c//8!n6!n	(Qualifier)(Date)(Time)

PRESENCE

Mandatory in optional subsequence B1a2

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	M	ESET	N		A, B, or C	Effective Settlement Date/Time

DEFINITION

This qualified generic field specifies:

ESET

Effective Settlement Date/Time

Date/time at which a transaction effectively settled.

CODES

In option B, if Data Source Scheme is not present, Date Code must contain one of the following codes (Error code(s): K98):

OPEN	Open-Dated	Date has not been established.
UKWN	Unknown	Date is unknown by the sender.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).

Time must be a valid time expressed as HHMMSS (Error code(s): T38).