 Option J |
5a |
(Code) |
Mandatory in conditional (see rule C18) subsequence C1
This field specifies when the floating rate will be reset.
For an ISDA Master (Type in field 77H is ISDA), this field specifies the Reset Date specification as per ISDA definitions.
One of the following codes must be used in Code (Error code(s): T36):
| FIRST |
The reset date is the first day of the calculation period, or compounding period for a compounding swap. |
| LAST |
The reset date is the last day of the calculation period, or compounding period for a compounding swap. |
| OTHER |
The reset date is specified in field 37N of the same sequence, or compounding period for a compounding swap. |
