| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
1 |
O |
INTR |
N |
|
A |
Interest Rate |
2 |
O |
NXRT |
N |
|
A |
Next Interest Rate |
This qualified generic field specifies:
INTR |
Interest Rate |
Annual rate of a financial instrument. |
NXRT |
Next Interest Rate |
Interest rate applicable to the next interest payment period in relation to variable rate instruments. |
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 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).