| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
O |
PRFC |
N |
|
A |
Previous Factor |
2 |
O |
NWFC |
N |
|
A |
Next Factor |
3 |
O |
INTR |
N |
|
A |
Interest Rate |
4 |
O |
NXRT |
N |
|
A |
Next Interest Rate |
This qualified generic field specifies:
INTR |
Interest Rate |
Annual rate of a financial instrument. |
NWFC |
Next Factor |
Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) that will applicable after the redemption (factor) date. |
NXRT |
Next Interest Rate |
Interest rate applicable to the next interest payment period in relation to variable rate instruments. |
PRFC |
Previous Factor |
Factor used to calculate the value of the outstanding principal of the financial instrument (for factored securities) until the next redemption (factor) date. |
The integer part of Rate 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 .
Sign must be present when Rate is negative.
Except for previous (PRFC) and next (NWFC) factor rates (typically defined as a decimal), 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).
In case of partial redemption by pool factor, PRFC (Previous Factor) provides the factor applicable before redemption and NWFC provides the factor applicable after redemption.