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MT 586 Field Specifications

56. Field 98a: Date/Time: Closing 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

Optional in optional subsequence B4

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 O TERM N   A, B, or C Closing Date/Time

DEFINITION

This qualified generic field specifies:

TERM Closing Date/Time Closing date/time or maturity date/time of the transaction.

CODES

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

OPEN Open-Dated Date/time has not been established.

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).