MT565: (43) Field 92a: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier)(Sign)(Rate)
Option F :4!c//3!a15d (Qualifier)(Currency Code)(Amount)

PRESENCE

Optional in mandatory sequence D

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

OFFR

N

 

A

Proposed Rate

2

O

OSUB

N

 

A or F

Over-subscription Rate

3

O

TAXB

N

 

A

Requested Taxation Rate

DEFINITION

This qualified generic field specifies:

OFFR

Proposed Rate

Rate proposed in a remarketing of variable rate notes.

OSUB

Over-subscription Rate

Rate of allowed over-subscription.

TAXB

Requested Taxation Rate

Requested tax rate in case of breakdown of tax rate, eg, used for adjustment of tax rate. This is the new requested applicable rate.

NETWORK VALIDATED RULES

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 .

USAGE RULES

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).