MT564: (84) Field 92a: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier)(Sign)(Rate)
Option D :4!c//15d/15d (Qualifier)(Quantity)(Quantity)
Option K :4!c//4!c (Qualifier)(Rate Type Code)
Option L :4!c//3!a15d/3!a15d (Qualifier)(First Currency Code)(Amount)(Second Currency Code)(Amount)
Option M :4!c//3!a15d/15d (Qualifier)(Currency Code)(Amount)(Quantity)
Option N :4!c//15d/3!a15d (Qualifier)(Quantity)(Currency Code)(Amount)

PRESENCE

Optional in optional subsequence E1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

ADEX

N

 

D, K, or L

Additional for Existing Securities

2

O

NEWO

N

 

D, K, L, M, or N

New to Old

3

O

ADSR

N

 

D, K, or L

Additional for Subscribed Resultant Securities

4

O

TRAT

N

 

A

Transformation Rate

DEFINITION

This qualified generic field specifies:

ADEX

Additional for Existing Securities

Quantity of additional securities for a given quantity of underlying securities where underlying securities are not exchanged or debited, for example, 1 for 1: 1 new equity credited for every 1 underlying equity = 2 resulting equities.

ADSR

Additional for Subscribed Resultant Securities

Quantity of additional intermediate securities/new equities awarded for a given quantity of securities derived from subscription.

NEWO

New to Old

Quantity of new securities for a given quantity of underlying securities, where the underlying securities will be exchanged or debited, for example, 2 for 1: 2 new equities credited for every 1 underlying equity debited = 2 resulting equities.

TRAT

Transformation Rate

Rate used to determine the cash consideration split across outturn settlement transactions that are the result of a transformation of the parent transaction.

CODES

In option K, Rate Type Code must contain the following code:

UKWN

Unknown Rate

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

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, First and Second Currency Code must be valid ISO 4217 currency codes.

USAGE RULES

For the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency. (1,00 of First Currency Code = [Rate] of Second Currency Code).