MT 305 Field Specifications

11. Field 31C: Earliest Exercise Date

FORMAT

Option C

6!n

(Date)

PRESENCE

Conditional (see rule C1) in mandatory sequence A

DEFINITION

This field specifies the earliest date the exercise of the option may be requested.

NETWORK VALIDATED RULES

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

USAGE RULES

This field must only be used for American style options.