MT564: (89) 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 optional subsequence E2

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

PAYD

N

 

A, B, or C

Payment Date/Time

2

O

VALU

N

 

A, B, or C

Value Date/Time

DEFINITION

This qualified generic field specifies:

PAYD

Payment Date/Time

Date/time at which the distribution is due to take place (cash and/or securities).

VALU

Value Date/Time

Date/time at which cash becomes available to the account owner (in a credit entry), or cease to be available to the account owner (in a debit entry).

CODES

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

UKWN

Unknown Date

Date is unknown by the Sender.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD .

Time must be a valid time expressed as HHMMSS .