MT528: (14) 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)
Option E :4!c//8!n6!n[,3n][/[N]2!n[2!n]] (Qualifier)(Date)(Time)(Decimals)(UTC Indicator)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

TRAD

N

 

A, B, C, or E

Trade Date/Time

2

M

SETT

N

 

A, B, or C

Settlement Date/Time

3

O

ADEL

N

 

A or C

Late Delivery Date/Time

DEFINITION

This qualified generic field specifies:

ADEL

Late Delivery Date/Time

Date/time after the settlement date specified in the trade, used for pool trades resulting from the original To Be Assigned (TBA) securities.

SETT

Settlement Date/Time

Date/time at which the financial instruments are to be delivered or received.

TRAD

Trade Date/Time

Date/time at which the trade was executed.

CODES

In option B, if Qualifier is SETT 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.

CODES

In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code :

VARI

Various

Partial trades have occurred over a period of two or more days.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD .

Time must be a valid time expressed as HHMMSS .

Sign must not be used when UTC Indicator is equal to all zeroes .

USAGE RULES

ADEL, Late delivery date is used for pool trades that result from the original TBA's (the original TBA's would be offset by an opposite transaction and replaced by buys or sells of individual pools). It is a date greater than the settlement date stated in the trade, for pools designed as settling late.

EXAMPLE

Examples of format option E usage: