MT 360 Field Specifications

35. Field 14F: Floating Rate Option

FORMAT

Option F

24x

PRESENCE

Mandatory in conditional (see rule C10) sequence C

DEFINITION

This field specifies the Floating Rate Option of the floating leg.

For an ISDA Master (Type in field 77H is ISDA), this field specifies the Floating Rate Option as per Section 7.1 of the 2006 ISDA Definitions (as updated, amended or adjusted from time to time).

USAGE RULES

The floating rate options, as they appear in the Section 7.1 of the 2006 ISDA Definitions (as updated, amended or adjusted from time to time), may be used.

If OTHER is used in this field, then the floating rate option is specified in field 37N in this sequence C.

Blanks must not be used.