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MT 600 Field Specifications

30. Field 34R: Consideration

FORMAT

Option R 6!n3!a15d (Date)(Currency)(Amount)

PRESENCE

Mandatory in conditional (see rule C1) sequence C

DEFINITION

This field specifies the value date, currency code and the consideration received by the Sender.

NETWORK VALIDATED RULES

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

Currency must be a valid ISO 4217 currency code (Error code(s): T52).

The integer part of Amount must contain at least one digit. The decimal comma ',' is mandatory and is included in the maximum length. The number of digits following the comma must not exceed the maximum allowed for that specified currency (Error code(s): C03,T40,T43).

USAGE RULES

The consideration is calculated by multiplying the quantity of commodity (that is, the amount stated in field 32F) by the price per unit (that is, the amount stated in field 33G), and, if applicable, adjusted for any amounts stated in field 71C.