| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
Optional in optional subsequence B1
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
PRFC |
N |
|
A |
Previous Factor |
2 |
O |
CUFC |
N |
|
A |
Current Factor |
3 |
O |
NWFC |
N |
|
A |
Next Factor |
4 |
O |
INTR |
N |
|
A |
Interest Rate |
5 |
O |
NXRT |
N |
|
A |
Next Interest Rate |
6 |
O |
INDX |
N |
|
A |
Index Factor |
This qualified generic field specifies:
CUFC |
Current Factor |
Rate expressed as a decimal between 0 and 1 defining the outstanding principal of the financial instrument (for factored securities). |
INDX |
Index Factor |
Public index rate used for inflation adjustment. |
INTR |
Interest Rate |
Annual rate of a financial instrument. |
NWFC |
Next Factor |
Rate expressed as a decimal between 0 and 1 that will be applicable as of the next factor date and defines the outstanding principal of the financial instrument (for factored securities). |
NXRT |
Next Interest Rate |
Interest rate applicable to the next interest payment period in relation to variable rate instruments. |
PRFC |
Previous Factor |
Rate expressed as a decimal between 0 and 1 that was applicable before the current factor and defines the outstanding principal of the financial instrument (for factored securities). |
The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
When Sign is present, Rate must not be zero.
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).