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MT 360 Field Specifications

38. Field 37N: Details of Interest Rate

FORMAT

Option N 6*35x (Narrative)

PRESENCE

Conditional (see rules C3, C4, C5, C6, C7, C8, and C9) in conditional (see rule C10) sequence C

DEFINITION

This field specifies additional details about the interest rate.

USAGE RULES

For OIS trades, this field must contain /OIS/ on the first line.

In sequence C, if the Floating Rate Option is equal to OTHER in field 14F, then the code word /FROP/ must be used in this field followed by the Floating Rate Option.