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MT 341 Field Specifications

23. Field 37R: Settlement Rate

FORMAT

Option R [N]12d (Sign)(Rate)

PRESENCE

Mandatory in mandatory sequence C

DEFINITION

This field specifies the settlement rate.

NETWORK VALIDATED RULES

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).

USAGE RULES

The rate is quoted following standard banking practice.