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MT 306 Field Specifications

30. Field 37K: Premium Price

FORMAT

Option K 3!a12d (Currency)(Rate)

PRESENCE

Optional in conditional (see rule C20) subsequence B1

DEFINITION

This field specifies either the currency and amount of the premium price or the rate which is used to calculate the premium amount.

NETWORK VALIDATED RULES

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

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).

USAGE RULES

Rate can be expressed in the form of a percentage or in the form of points per unit of either currency amount. When the rate is expressed in the form of a percentage, Currency must contain PCT. When the rate is expressed in the form of points per unit of either currency amount, the currency code must be specified in Currency.