MT519: (23) Field 92A: Rate
FORMAT
Option A  :4!c//[N]15d  (Qualifier)(Sign)(Rate) 
PRESENCE
Optional in optional subsequence B1
QUALIFIER
(Error code(s): T89)
Order 
M/O 
Qualifier 
R/N 
CR 
Options 
Qualifier Description 

1 
O 
PRFC 
N 

A 
Previous Factor 
2 
O 
CUFC 
N 

A 
Current Factor 
3 
O 
NWFC 
N 

A 
Next Factor 
4 
O 
INTR 
N 

A 
Interest Rate 
5 
O 
NXRT 
N 

A 
Next Interest Rate 
6 
O 
YTMR 
N 

A 
Yield To Maturity Rate 
DEFINITION
This qualified generic field specifies:
CUFC 
Current Factor 
Rate expressed as a decimal between 0 and 1 defining the outstanding principal of the financial instrument (for factored securities). 
INTR 
Interest Rate 
Annualised interest rate of a financial instrument used to calculate the actual interest rate of the coupon or the accrued interest. 
NWFC 
Next Factor 
Rate expressed as a decimal between 0 and 1 that will be applicable as of the next factor date and defines the outstanding principal of the financial instrument (for factored securities). 
NXRT 
Next Interest Rate 
Interest rate applicable to the next interest payment period in relation to variable rate instruments. 
PRFC 
Previous Factor 
Rate expressed as a decimal between 0 and 1 that was applicable before the current factor and defines the outstanding principal of the financial instrument (for factored securities). 
YTMR 
Yield To Maturity Rate 
Rate of return anticipated on a bond when held until maturity date. 
NETWORK VALIDATED RULES
The integer part of Rate must contain at least one digit. The 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).