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ISO 15022
Data Field Dictionary

MT558: (31) Field 92a: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier)(Sign)(Rate)
Option C :4!c/[8c]/24x (Qualifier)(Data Source Scheme)(Rate Name)

PRESENCE

Optional in mandatory sequence B

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

PRIC

N

 

A or C

Pricing Rate

2

O

RSPR

N

 

A

Spread Rate

3

O

VSMR

N

 

A or C

Value Sought Margin Rate

DEFINITION

This qualified generic field specifies:

PRIC

Pricing Rate

Interest rate to be paid on the transaction amount, as agreed between the counterparties.

RSPR

Spread Rate

Margin allowed over or under a given rate.

VSMR

Value Sought Margin Rate

Percentage by which the collateral value sought is increased, in selecting securities for a collateral basket, to reflect the taker's margin requirements.

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

In option C, Rate Name specifies the reference rate or basis rate on which a rate is based (ex: EONIA, EURIBOR, LIBOR, FEFUND, EURREPO).

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).