 Option P |
8!n |
(Date) |
Mandatory in mandatory sequence A
This field specifies the last day of the term of the transaction.
For an ISDA Master (Type in field 77H is ISDA), this field specifies the Termination Date as per ISDA definitions.
Date must be a valid date expressed as YYYYMMDD (Error code(s): T50).
This date can be either adjusted, that is, a valid business day, or non-adjusted, that is, a date which can be either a valid or a non-valid business day.
If this field is not qualified by field 14A Business Day Convention in sequence A, interest will be deemed not to accrue past the termination date in the event of any adjustment for bad days.
It is recommended to specify a non-adjusted termination date whenever possible.
If this field is qualified by field 14A Business Day Convention in sequence A, the Business Days as stated in field 22B Financial Centres in sequence A apply as they appear in the interest legs.
