 Option R |
[N]12d |
(Sign)(Rate) |
Conditional (see rule C17) in conditional (see rule C18) subsequence C1
This field specifies the spread, that is, the margin which will be added to (or subtracted from if negative) the floating rate.
For an ISDA Master (Type in field 77H is ISDA), this field specifies the Spread as per ISDA definitions.
If Rate is zero, Sign must not be present (Error code(s): T14).
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 the spread is positive, that is, added to the rate, Sign is not present.
The absence of this field means that the spread is zero.
Rate is expressed as a percentage.
