MT 620 Field Specifications

24. Field 30F: Last Day of the First Interest Period

FORMAT

Option F

8!n

(Date)

PRESENCE

Conditional (see rule C5) in mandatory sequence B

DEFINITION

This field specifies the last day of the first/next interest period.

NETWORK VALIDATED RULES

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

USAGE RULES

This field should only be used when there is at least one interest payment before maturity.

In the first confirmation of a loan/deposit, this field contains the date of the first interest payment while in a rollover confirmation, this field specifies the next interest payment date. The interest period is specified in field 38J.