MT588: (17) Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option C :4!c//8!n6!n (Qualifier)(Date)(Time)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

ISSU

N

C4

A or C

Issue Date/Time

 

or

RELD

N

C4

A or C

Release Date/Time

2

O

ISSU

N

C4

A or C

Issue Date/Time

 

or

RELD

N

C4

A or C

Release Date/Time

3

O

SETT

N

 

A or C

Settlement Date/Time

DEFINITION

This qualified generic field specifies:

ISSU

Issue Date/Time

Date/time at which the financial instrument is issued.

RELD

Release Date/Time

Date/time at which new securities or cash are released.

SETT

Settlement Date/Time

Date/time at which the financial instruments are to be delivered or received.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD .

Time must be a valid time expressed as HHMMSS .