MT502: (19) Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Date Code)
Option C :4!c//8!n6!n (Qualifier)(Date)(Time)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

EXPI

N

 

A or C

Expiry Date/Time

2

O

RSET

N

 

A, B, or C

Requested Settlement Date/Time

3

O

NAVD

N

 

A or C

Net Asset Value Calculation Date/Time

DEFINITION

This qualified generic field specifies:

EXPI

Expiry Date/Time

Date/time at which an order expires or at which a privilege or offer terminates.

NAVD

Net Asset Value Calculation Date/Time

Date/time at which the net asset value is calculated (funds industry).

RSET

Requested Settlement Date/Time

Date/time at which the instructing party requests settlement to take place.

CODES

In option B, if Qualifier is RSET and Data Source Scheme is not present, Date Code must contain one of the following codes :

SEOP

Seller's Option

Settlement is to be completed at the seller's option.

TBAT

To Be Announced

Settlement is to be completed as a result of a 'to be announced' trade.

WDIS

When Distributed

Settlement is to be completed when the security is distributed.

WIDI

When Issued or Distributed

Settlement is to be completed when the security is issued or when distributed.

WISS

When Issued

Settlement is to be completed when the security is issued.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD .

Time must be a valid time expressed as HHMMSS .