MT321: (13) Field 22H: Indicator
FORMAT
| Option H | :4!c//4!c | (Qualifier)(Indicator) |
PRESENCE
Mandatory in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
DPLO |
N |
|
H |
Lender/Borrower Indicator |
2 |
O |
MICO |
N |
|
H |
Method of Interest Computation Indicator |
DEFINITION
This qualified generic field specifies:
DPLO |
Lender/Borrower Indicator |
This field indicates whether the Sender, or the institution/corporate on behalf of which the message is sent is the borrower or the lender. |
MICO |
Method of Interest Computation Indicator |
This field specifies the number of days which are taken into account for the calculation of the interest. The Day Count Fraction as per ISDA definitions. |
CODES
If Qualifier is DPLO, Indicator must contain one of the following codes:
BORR |
The Sender, or the institution/corporate on behalf of which the message is sent is the borrower (receives the principal amount and pays the interest). |
LEND |
The Sender, or the institution/corporate on behalf of which the message is sent is the lender (pays the principal amount and receives the interest). |
CODES
If Qualifier is MICO, Indicator must contain one of the following codes:
A001 |
30/360, 360/360 or Bond Basis |
A004 |
Actual/360 (28-31/360) |
A007 |
30E/360 or Eurobond Basis |
A008 |
Actual/365 or Actual/Actual (28-31/365-6) |
A009 |
Actual/365 (fixed) (28-31/365) |
