MT564: (63) Field 92a: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier)(Sign)(Rate)
Option F :4!c//3!a15d (Qualifier)(Currency Code)(Amount)
Option J :4!c/[8c]/4!c/3!a15d[/4!c] (Qualifier)(Data Source Scheme)(Rate Type Code)(Currency Code)(Amount)(Rate Status)
Option K :4!c//4!c (Qualifier)(Rate Type Code)

PRESENCE

Optional in optional sequence E

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

GRSS

R

C6, C8, C9

F, J, or K

Gross Dividend Rate

2

O

TAXE

R

C9

J

Tax Related Rate

3

O

TAXR

N

 

A or K

Withholding Tax Rate

4

O

ATAX

N

 

A, F, or K

Additional Tax

5

O

INDX

N

 

A, F, or K

Index Factor

6

O

OVEP

N

 

A or K

Maximum Allowed Oversubscription Rate

7

O

PROR

N

 

A or K

Pro-Ration Rate

8

O

INTP

R

 

A, F, J, or K

Interest Rate Used for Payment

9

O

TDMT

R

 

J

Taxable Income Per Dividend/Share

DEFINITION

This qualified generic field specifies:

ATAX

Additional Tax

Rate used for additional tax that cannot be categorised.

GRSS

Gross Dividend Rate

Cash dividend amount per equity before deductions or allowances have been made.

INDX

Index Factor

Public index rate applied to the amount paid to adjust it to inflation.

INTP

Interest Rate Used for Payment

The actual interest rate used for the payment of the interest for the specified interest period.

OVEP

Maximum Allowed Oversubscription Rate

A maximum percentage of shares available through the over subscription privilege, usually a percentage of the basic subscription shares, for example, an account owner subscribing to 100 shares may over subscribe to a maximum of 50 additional shares when the over subscription maximum is 50%.

PROR

Pro-Ration Rate

Proportionate allocation used for the offer.

TAXE

Tax Related Rate

Percentage of the gross dividend rate on which tax must be paid.

TAXR

Withholding Tax Rate

Percentage of a cash distribution that will be withheld by a tax authority.

TDMT

Taxable Income Per Dividend/Share

Amount included in the dividend/NAV that is identified as gains directly or indirectly derived from interest payments within the scope of the EU Savings directive.

CODES

In option J, if Qualifier is GRSS and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

CAPO

Capital Portion

Rate relating to the underlying security for which capital is distributed.

FLFR

Fully Franked

Fully franked.

INCO

Income Portion

Rate relating to the underlying security for which income is distributed.

INTR

Interest

Rate relating to the underlying security for which interest is paid.

LTCG

Long Term Capital Gain

Long term capital gain.

SOIC

Sundry/Other Income

Rate relating to the underlying security for which other income is paid.

STCG

Short Term Capital Gain

Short term capital gain.

TXBL

Taxable Portion

Rate relating to the underlying security for which tax is charged.

TXDF

Tax Deferred

Rate relating to the underlying security for which tax is deferred.

TXFR

Tax Free

Rate relating to the underlying security which is not taxable.

UNFR

Unfranked

Unfranked.

CODES

In option J, if Qualifier is TAXE and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

WITF

Withholding of Foreign Tax

Rate at which the income will be withheld by the jurisdiction in which the income was originally paid, for which relief at source and/or reclaim may be possible.

WITL

Withholding of Local Tax

Rate at which the income will be withheld by the jurisdiction in which the account owner is located, for which relief at source and/or reclaim may be possible.

CODES

In option J, if Qualifier is TAXE and Data Source Scheme is present, the list of available Rate Type Code is to be retrieved from the SMPG website at www.smpg.info.

CODES

In option J, if Qualifier is INTP and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

SCHD

Scheduled

Rate of the scheduled payment.

USCD

Unscheduled

Rate of the unscheduled payment.

CODES

In option J, if Qualifier is TDMT and Data Source Scheme is not present, Rate Type Code must contain the following code:

TXBL

Taxable Portion

Rate relating to the underlying security for which tax is charged.

CODES

In option K, if Qualifier is not GRSS and Qualifier is not INTP, Rate Type Code must contain the following code:

UKWN

Unknown Rate

Rate is unknown by the sender or has not been established.

CODES

In option K, if Qualifier is GRSS or Qualifier is INTP, Rate Type Code must contain one of the following codes:

NILP

Nil Payment

Rate will not be paid.

UKWN

Unknown Rate

Rate is unknown by the sender or has not been established.

CODES

In option J, if Data Source Scheme is not present, Rate Status must contain one of the following codes:

ACTU

Actual Rate

Rate is actual.

INDI

Indicative Rate

Rate is indicative.

NETWORK VALIDATED RULES

The integer part of Quantity must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.

The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.

The integer part of Amount 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.

Currency Code must be valid ISO 4217 currency codes.

USAGE RULES

ACTU is the default value for Rate Status.

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).

Rate Type Code NILP (Nil Payment), available for use with rate qualifier GRSS (Gross Dividend Rate) and INTP (Interest Rate Used for Payment), can only be used with Corporate Action Event Types :22F::CAEV//DVCA (Cash Dividend) and :22F::CAEV//INTR (Interest Payment).

Sequence D Interest Rate :92a::INTR and sequence E Interest Rate Used for Payment :92a::INTP usage must not be mixed. INTR is used to provide the annual rate of the financial instrument. INTP is used to provide the applicable rate for the current payment, after all calculations have been performed, that is, application of period and method of interest computation.