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MT 306 Field Specifications

97. Field 19C: Adjustment

FORMAT

Option C [N]15d (Sign)(Adjustment Factor)

PRESENCE

Optional in conditional (see rule C25) sequence J

DEFINITION

This is the value of the adjustment to the strike price, which is calculated in accordance with the adjustment type in field 14B of this sequence.

NETWORK VALIDATED RULES

The integer part of Adjustment must contain at least one digit. A decimal comma is mandatory and is included in the maximum length(Error code(s): T40,T43).

If Adjustment Factor is zero, Sign must not be present (Error code(s): T14).

USAGE RULES

This field must only be used if field 14B is also present in this sequence.

With respect to an averaging transaction, "Adjustment" means the amount used for the purposes of determining the average strike price and as specified in field 14B in this sequence.

If this field is not present, then the adjustment value is defaulted to zero.