| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
| Option C | :4!c/[8c]/24x | (Qualifier)(Data Source Scheme)(Rate Name) |
| Option F | :4!c//3!a15d | (Qualifier)(Currency Code)(Amount) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
O |
VASU |
N |
|
C |
Variable Rate Support |
2 |
O |
REPO |
N |
|
A |
Repurchase Rate |
3 |
O |
RSPR |
N |
|
A or F |
Spread Rate |
4 |
O |
PRIC |
N |
|
A or C |
Pricing Rate |
5 |
O |
SLMG |
N |
|
A |
Stock Loan Margin |
6 |
O |
SHAI |
N |
|
A |
Securities Haircut |
This qualified generic field specifies:
PRIC |
Pricing Rate |
Interest rate to be paid on the transaction amount, as agreed between the counterparties. |
REPO |
Repurchase Rate |
Repurchase rate used to calculate the repurchase amount. |
RSPR |
Spread Rate |
Margin over or under an index that determines the repurchase rate. |
SHAI |
Securities Haircut |
Haircut or valuation factor on the security expressed as a percentage. |
SLMG |
Stock Loan Margin |
Percentage mark-up on a loan consideration used to reflect the lender's risk. |
VASU |
Variable Rate Support |
Index or support rate used together with the spread to calculate the repurchase rate. |
In option C, Rate Name specifies the reference rate or basis rate on which a variable rate is based (ex: EONIA, EURIBOR, LIBOR, FEFUND, EURREPO).
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 a valid ISO 4217 currency code .
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).