ISO 15022 Data Field Dictionary

MT518: (14) Field 92A: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier)(Sign)(Rate)

PRESENCE

Optional in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

CORA

N

 

A

Commission Rate Applied

2

O

COWA

N

 

A

Percentage Commission Waived

3

O

BAKL

N

 

A

Backload Commission Rate

4

O

ENTF

N

 

A

Entrance Commission Rate

5

O

NAVR

N

 

A

Net Asset Value Ratio

DEFINITION

This qualified generic field specifies:

BAKL

Backload Commission Rate

Backload commission rate (Funds Industry).

CORA

Commission Rate Applied

Commission rate applied after waiving.

COWA

Percentage Commission Waived

Percentage of the commission that is waived.

ENTF

Entrance Commission Rate

Entrance commission rate (Funds Industry).

NAVR

Net Asset Value Ratio

Net Asset Value Ratio (Funds Industry).

NETWORK VALIDATED RULES

The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.

If Rate is zero, Sign must not be present.

USAGE RULES

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).

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