| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
O |
MARG |
N |
|
A |
Margin |
This qualified generic field specifies:
MARG |
Margin |
Difference between the total exposure and the total collateral value in the transaction currency expressed as a percentage. |
The integer part of Rate must contain at least one digit. The decimal comma is mandatory and is included in the maximum length .
Sign must not be present when Rate is '0' .
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).