ISO 15022 Data Field Dictionary

MT518: (12) Field 98a: Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Date Code)
Option C :4!c//8!n6!n (Qualifier)(Date)(Time)
Option E :4!c//8!n6!n[,3n][/[N]2!n[2!n]] (Qualifier)(Date)(Time)(Decimals)(UTC Indicator)

PRESENCE

Mandatory in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

TRAD

N

 

A, B, C, or E

Trade Date/Time

2

M

SETT

N

 

A, B, or C

Settlement Date/Time

3

O

NAVD

N

 

A or C

Net Asset Value Calculation Date/Time

DEFINITION

This qualified generic field specifies:

NAVD

Net Asset Value Calculation Date/Time

Date/time at which the net asset value is calculated (funds industry).

SETT

Settlement Date/Time

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

TRAD

Trade Date/Time

Date/time at which the trade was executed.

CODES

In option B, if Qualifier is TRAD and Data Source Scheme is not present, Date Code must contain the following code:

VARI

Various

Partial trades have occurred over a period of two or more days.

CODES

In option B, if Qualifier is SETT and Data Source Scheme is not present, Date Code must contain one of the following codes:

CASH

Cash

Settlement is to be completed Cash (TOD/T+0).

NEDA

Next Day

Settlement is to be completed on the next Day (TOM/T+1).

OTHR

Other

Other settlement date.

REGU

Regular

Regular is defined as the default settlement period for the particular security on the exchange of execution (for example, T+1 or T+2 depending on currency).

SEOP

Seller's Option

Settlement is to be completed at the seller's option.

TBAT

To Be Announced

Settlement is to be completed as a result of a 'to be announced' trade.

TPL2

T+2

Settlement is to be completed at T+2.

TPL3

T+3

Settlement is to be completed at T+3.

TPL4

T+4

Settlement is to be completed at T+4.

TPL5

T+5

Settlement is to be completed at T+5.

WDIS

When Distributed

Settlement is to be completed when the security is distributed.

WIDI

When Issued or Distributed

Settlement is to be completed when the security is issued or when distributed.

WISS

When Issued

Settlement is to be completed when the security is issued.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD.

Time must be a valid time expressed as HHMMSS.

UTC Indicator must be a valid time expressed as HH[MM].

Sign ([N]) must not be used when UTC Indicator is equal to all zeroes.

USAGE RULES

Trade Date/Time, when used with format 98C or 98E, must be the local time of the place of trade, for example, of the stock exchange, or of the selling broker for OTC.

EXAMPLE

Examples of format option E usage:

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 2 tenths of a second

    :98E::TRAD//20061023123548,2

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, 25 hundreds of a second, UTC time +2

    :98E::TRAD//20061023123548,25/02

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 4

    :98E::TRAD//20061023123548/N04

  • Trade date/time is the 23rd of October 2006, at 12:35 and 48 seconds, UTC time - 2h30

    98E::TRAD//20061023123548/N0230

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