MT516: (11) Field 31F: Expiry and Option Date of Loan
FORMAT
| Option F | 6!n[/6!n][//35x] | (Date)(Period Date)(Period Details) |
PRESENCE
Optional in mandatory sequence A
DEFINITION
This field specifies the expiry date or the option period of the loan and, optionally other details concerning the loan period.
NETWORK VALIDATED RULES
Date and Period Date must be valid dates expressed as YYMMDD.
USAGE RULES
Date specifies the effective end date of the loan. Period Date specifies the date from which the securities loaned may be recalled by the Lender. Period Details may be used to specify other details concerning the loan period.
