 Option M |
[N]12d |
(Sign)(Rate) |
Mandatory in mandatory sequence B
This field specifies for FRABBA FRA's, the contract rate or, for ISDA FRA's, the fixed rate of the FRA.
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).
If Rate is zero, Sign must not be present (Error code(s): T14).
The rate is quoted following standard banking practice.
Sign must not be present for a positive rate.
Sign must be present for a negative rate.
