ISO 15022 Data Field Dictionary

MT518: (39) Field 90a: Price

FORMAT

Option A :4!c//4!c/[N]15d (Qualifier)(Percentage Type Code)(Sign)(Price)
Option B :4!c//4!c/3!a15d (Qualifier)(Amount Type Code)(Currency Code)(Price)

PRESENCE

Optional in optional subsequence B2

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

INDC

N

 

A or B

Indicative Price

 

or

MRKT

N

 

A or B

Market Price

2

O

EXER

N

 

A or B

Exercise Price

DEFINITION

This qualified generic field specifies:

EXER

Exercise Price

  1. Price at which the security will be purchased/sold if warrant is exercised, represented either as an actual amount (option B) or a percentage (option A).

  2. Price at which a bond is converted, represented either as an actual amount (option B) or a percentage (option A).

  3. Strike price of an option, represented either as an actual amount (option B) or a percentage (option A).

INDC

Indicative Price

Estimated price, for example, for valuation purposes.

MRKT

Market Price

Last reported/known price of a financial instrument in a market.

CODES

In option A, Percentage Type Code must contain one of the following codes:

DISC

Discount

Price expressed as the number of percentage points below par, for example, a discount price of 2.0% equals a price of 98 when par is 100.

PRCT

Percentage

Price expressed as a percentage of par.

PREM

Premium

Price expressed as the number of percentage points above par, for example, a premium price of 2.0% equals a price of 102 when par is 100.

YIEL

Yield

Price expressed as a yield.

CODES

In option B, Amount Type Code must contain one of the following codes:

ACTU

Actual Amount

Price expressed as an amount of currency per unit or per share.

DISC

Discount

Price expressed as a discount amount.

PREM

Premium

Price expressed as a premium.

NETWORK VALIDATED RULES

Currency Code must be a valid ISO 4217 currency code.

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

Sign may only be present if Percentage Type Code is YIEL.

If Price is zero, Sign must not be present.

USAGE RULES

The number of decimal digits in Price is not validated against the currency specified.

Sign must be present when Price is negative.

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