MT588: (62) Field 98a: Date/Time

FORMAT

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

PRESENCE

Optional in optional sequence E

QUALIFIER

 

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

VALU

N

 

A or C

Value Date/Time

2

O

POST

N

 

A or C

Posting Date/Time

DEFINITION

This qualified generic field specifies:

POST

Posting Date/Time

Date/time of the posting (credit or debit) to the account.

VALU

Value Date/Time

Date/time at which cash becomes available to the account owner (in a credit entry), or cease to become available to the account owner (in a debit entry).

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD .

Time must be a valid time expressed as HHMMSS .