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MT 586 Field Specifications

35. Field 17B: Flag

FORMAT

Option B :4!c//1!a (Qualifier)(Flag)

PRESENCE

Optional in optional subsequence B2

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O FRNF N   B Floating Rate Note Flag
2 O CALL N   B Callable Flag
3 O PUTT N   B Putable Flag

DEFINITION

This qualified generic field specifies:

CALL Callable Flag Indicates whether the issuer has the right to repay the financial instrument prior to maturity.
FRNF Floating Rate Note Flag Indicates whether the interest rate of an interest bearing instrument is reset periodically.
PUTT Putable Flag Indicates whether the holder has the right to ask for redemption of the financial instrument prior to final maturity.

CODES

Flag must contain one of the following codes (Error code(s): K17):

N No No.
Y Yes Yes.