 Option G |
[N]12d |
(Sign)(Rate) |
Mandatory in mandatory sequence B
This field specifies the interest rate.
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).
Sign must not be used when Rate is equal to '0' (Error code(s): T14).
Sign must not be present for a positive rate.
Sign must be present for a negative rate.
A negative rate is used in the extremely rare cases where the agreed rate is negative, the sign of the rate is independent from the direction of the deal (Loan or Deposit).
The interest rate must be specified in any confirmation even when there is no change in the rate.
