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MT 306 Field Specifications

81. Field 29E: Earliest Exercise Time

FORMAT

Option E 4!c/4!n (Location)(Time)

PRESENCE

Optional in optional sequence I

DEFINITION

The time at which the early termination exercise period commences on the early termination date, as specified in field 30T, for a European or Bermudan style early termination. For American style early terminations the exercise period commences from the earliest exercise time on the commencement date, as specified in field 30Y.

NETWORK VALIDATED RULES

Time must be a valid time expressed as HHMM (Error code(s): T38).

USAGE RULES

Subfield Location consists of a two character ISO country code and a two character location code. The location code is made up as follows: