 Option A |
:4!c//[N]15d |
(Qualifier)(Sign)(Rate) |
| Option C |
:4!c/[8c]/24x |
(Qualifier)(Data Source Scheme)(Rate Name) |
Optional in optional sequence F
(Error code(s): T89)
| Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
| 1 |
O |
VASU |
N |
|
C |
Variable Rate Support |
| 2 |
O |
REPO |
N |
|
A |
Repurchase Rate |
| 3 |
O |
RSPR |
N |
|
A |
Spread Rate |
| 4 |
O |
PRIC |
N |
|
A or C |
Pricing Rate |
| 5 |
O |
SLMG |
N |
|
A |
Stock Loan Margin |
| 6 |
O |
SHAI |
N |
|
A |
Securities Haircut |
This qualified generic field specifies:
| PRIC |
Pricing Rate |
Interest rate to be paid on the transaction amount, as agreed between the counterparties. |
| REPO |
Repurchase Rate |
Repurchase rate used to calculate the repurchase amount. |
| RSPR |
Spread Rate |
Margin over or under an index that determines the repurchase rate. |
| SHAI |
Securities Haircut |
Haircut or valuation factor on the security expressed as a percentage. |
| SLMG |
Stock Loan Margin |
Percentage mark-up on a loan consideration used to reflect the lender's risk. |
| VASU |
Variable Rate Support |
Index or support rate used together with the spread to calculate the repurchase rate. |
In option C, Rate Name specifies the reference rate or basis rate on which a variable rate is based (ex: EONIA, EURIBOR, LIBOR, FEFUND, EURREPO).
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 Rate is zero, Sign must not be present (Error code(s): T14).
Sign must be present when Rate is negative.
Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).
