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ISO 15022
Data Field Dictionary

MT548: (39) Field 98a: Date/Time: Penalty Detection Date/Time

FORMAT

Option A :4!c//8!n (Qualifier)(Date)
Option C :4!c//8!n6!n (Qualifier)(Date)(Time)

PRESENCE

Optional in optional subsequence C1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

DACO

N

 

A or C

Penalty Detection Date/Time

DEFINITION

This qualified generic field specifies:

DACO

Penalty Detection Date/Time

It is the day for which the penalty was computed. It is the date on which the instruction matched for Late Matching Fail Penalty (LMFP) or the date on which an instruction fails to settle for Settlement Fail Penalty (SEFP). Note: This date is not updated upon re-calculation of the penalty and always relates to the business day for which the penalty was initially computed.

NETWORK VALIDATED RULES

Date must be a valid date expressed as YYYYMMDD.

Time must be a valid time expressed as HHMMSS.

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