| ISO20022

MT564: (95) Field 92a: Rate

FORMAT

Option A	:4!c//[N]15d	(Qualifier)(Sign)(Rate)
Option B	:4!c//3!a/3!a/15d	(Qualifier)(First Currency Code)(Second Currency Code)(Rate)
Option F	:4!c//3!a15d	(Qualifier)(Currency Code)(Amount)
Option H	:4!c//3!a15d/4!c	(Qualifier)(Currency Code)(Amount)(Rate Status)
Option J	:4!c/[8c]/4!c/3!a15d[/4!c]	(Qualifier)(Data Source Scheme)(Rate Type Code)(Currency Code)(Amount)(Rate Status)
Option K	:4!c//4!c	(Qualifier)(Rate Type Code)
Option M	:4!c//3!a15d/15d	(Qualifier)(Currency Code)(Amount)(Quantity)
Option R	:4!c/[8c]/4!c/15d	(Qualifier)(Data Source Scheme)(Rate Type Code)(Rate)

PRESENCE

Optional in optional subsequence E2

QUALIFIER

(Error code(s): T89)

Order	M/O	Qualifier	R/N	CR	Options	Qualifier Description
1	O	ATAX	N		A, F, or K	Additional Tax
2	O	CHAR	N		A, F, or K	Charges/Fees
3	O	EQUL	N		F or K	Equalisation Rate
4	O	ESOF	N		A, F, K, or M	Early Solicitation Fee Rate
5	O	FISC	N		A or K	Fiscal Stamp
6	O	GRSS	R	C7, C8	F, H, J, or K	Gross Dividend Rate
7	O	EXCH	N	C1	B	Exchange Rate
8	O	INCE	N		A, F, or K	Third Party Incentive Rate
9	O	INTP	R		A, F, J, or K	Interest Rate Used for Payment
10	O	NETT	R	C7, C8	F, H, J, or K	Net Dividend Rate
11	O	RATE	N		A or K	Applicable Rate
12	O	SOFE	N		A, F, K, or M	Solicitation Fee Rate
13	O	TAXC	N	C7, C8	A, F, or K	Tax Credit Rate
14	O	TAXR	R	C7, C8, C19	A, F, K, or R	Withholding Tax Rate
15	O	TXIN	N		A, F, or K	Tax on Income
16	O	TXPR	N		A or K	Tax on Profits
17	O	TXRC	N		A or K	Reclaim of Taxes Rate
18	O	WITL	R	C7, C8, C19	A, F, K, or R	Second Level Tax
19	O	DEEM	R	C7, C8	A, F, J, K, or R	Deemed Rate

DEFINITION

This qualified generic field specifies:

ATAX	Additional Tax	Rate used for additional tax that cannot be categorised.
CHAR	Charges/Fees	Rate used to calculate the amount of the charges/fees that cannot be categorised.
DEEM	Deemed Rate	Rate applied for the calculation of deemed proceeds which are not paid to security holders but on which withholding tax is applicable.
EQUL	Equalisation Rate	The portion of the fund distribution which represents the average accrued income included in the purchase price for units bought during the account period.
ESOF	Early Solicitation Fee Rate	Cash rate made available, as an incentive, in addition to the solicitation fee, in order to encourage early participation in an offer.
EXCH	Exchange Rate	Exchange rate between the amount and the resulting amount.
FISC	Fiscal Stamp	Percentage of fiscal tax to apply.
GRSS	Gross Dividend Rate	Cash dividend amount per equity before deductions or allowances have been made.
INCE	Third Party Incentive Rate	Cash rate made available in an event in order to encourage participation in the offer. As information, payment is made to a third party who has solicited an entity to take part in the offer.
INTP	Interest Rate Used for Payment	The actual interest rate used for the payment of the interest for the specified interest period.
NETT	Net Dividend Rate	Cash dividend amount per equity after deductions or allowances have been made.
RATE	Applicable Rate	Rate applicable to the event announced, for example, redemption rate for a redemption event.
SOFE	Solicitation Fee Rate	Rate of the cash premium made available if the securities holder consents or participates to an event, for example consent fees or solicitation fee.
TAXC	Tax Credit Rate	Amount of money per equity allocated as the result of a tax credit.
TAXR	Withholding Tax Rate	Percentage of a cash distribution that will be withheld by the tax authorities of the jurisdiction of the issuer, for which a relief at source and/or reclaim may be possible.
TXIN	Tax on Income	Overall tax withheld at source by fund managers prior to considering the tax obligation of each unit holder.
TXPR	Tax on Profits	Taxation applied on an amount clearly identified as capital profits, capital gains.
TXRC	Reclaim of Taxes Rate	Percentage of cash that was paid in excess of actual tax obligation and was reclaimed.
WITL	Second Level Tax	Rate at which the income will be withheld by a jurisdiction other than the jurisdiction of the issuer's country of tax incorporation, for which a relief at source and/or reclaim may be possible. It is levied in complement or offset of the withholding tax rate (TAXR) levied by the jurisdiction of the issuer's tax domicile.

CODES

In option K, if Qualifier is ATAX or Qualifier is CHAR or Qualifier is EQUL or Qualifier is ESOF or Qualifier is FISC or Qualifier is INCE or Qualifier is NETT or Qualifier is RATE or Qualifier is SOFE or Qualifier is TAXC or Qualifier is TAXR or Qualifier is TXIN or Qualifier is TXPR or Qualifier is TXRC or Qualifier is WITL or Qualifier is DEEM, Rate Type Code must contain the following code:

UKWN

Unknown Rate

Rate is unknown by the sender or has not been established.

CODES

In option H, Rate Status must contain one of the following codes:

ACTU	Actual Rate	Rate is actual.
INDI	Indicative Rate	Rate is indicative.

CODES

In option J, if Qualifier is GRSS and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

CAPO	Capital Portion	Rate relating to the underlying security for which capital is distributed.
CDFI	Foreign Income	Rate relating to a foreign income type such as conduit foreign income.
FLFR	Fully Franked	Rate resulting from a fully franked dividend paid by a company; rate includes tax credit for companies that have made sufficient tax payments during fiscal period.
FUPU	Full Period Units Income Portion	Distribution rate relating to the full period units, for example Group I units in UK.
INCO	Income Portion	Rate relating to the underlying security for which income is distributed.
INTR	Interest	Rate relating to the underlying security for which interest is paid.
LTCG	Long Term Capital Gain	Long term capital gain.
PAPU	Part Way Period Units Income Portion	Distribution rate relating to the part way period units, for example Group II units in UK.
REES	Real Estate Property Income Portion	Rate of income distribution originated by real estate investment.
SOIC	Sundry/Other Income	Rate relating to the underlying security for which other income is paid.
STCG	Short Term Capital Gain	Short term capital gain.
TXBL	Taxable Portion	Rate relating to the underlying security for which tax is charged.
TXDF	Tax Deferred	Rate relating to the underlying security for which tax is deferred.
TXFR	Tax Free	Rate relating to the underlying security which is not taxable.
UNFR	Unfranked	Unfranked.

CODES

In option J, if Data Source Scheme is not present, Rate Status, when present, must contain one of the following codes:

ACTU	Actual Rate	Rate is actual.
INDI	Indicative Rate	Rate is indicative/estimated.

CODES

In option K, if Qualifier is GRSS or Qualifier is INTP, Rate Type Code must contain one of the following codes:

NILP	Nil Payment	Rate will not be paid.
UKWN	Unknown Rate	Rate is unknown by the sender or has not been established.

CODES

In option J, if Qualifier is INTP and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

SCHD	Scheduled	Rate of the scheduled payment.
USCD	Unscheduled	Rate of the unscheduled payment.

CODES

In option J, if Qualifier is NETT and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

CAPO	Capital Portion	Rate relating to the underlying security for which capital is distributed.
CDFI	Foreign Income	Rate relating to a foreign income type such as conduit foreign income.
FLFR	Fully Franked	Rate resulting from a fully franked dividend paid by a company; rate includes tax credit for companies that have made sufficient tax payments during fiscal period.
FUPU	Full Period Units Income Portion	Distribution rate relating to the full period units, for example Group I units in UK.
INCO	Income Portion	Rate relating to the underlying security for which income is distributed.
INTR	Interest	Rate relating to the underlying security for which interest is paid.
PAPU	Part Way Period Units Income Portion	Distribution rate relating to the part way period units, for example Group II units in UK.
REES	Real Estate Property Income Portion	Rate of income distribution originated by real estate investment.
SOIC	Sundry/Other Income	Rate relating to the underlying security for which other income is paid.
TXBL	Taxable Portion	Rate relating to the underlying security for which tax is charged.
TXDF	Tax Deferred	Rate relating to the underlying security for which tax is deferred.
TXFR	Tax Free	Rate relating to the underlying security which is not taxable.
UNFR	Unfranked	Unfranked.

CODES

In option R, if Qualifier is TAXR or Qualifier is WITL and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

BWIT	Back Up Withholding	Withholding tax related to payments subject to Back up Withholding.
FTCA	FATCA Tax	Withholding Tax related to income subject to FATCA (Foreign Account Tax Compliance Act).
NRAT	NRA Tax	Withholding tax related to income subject NRA (Non Resident Alien).

CODES

In option J or R, if Qualifier is DEEM and Data Source Scheme is not present, Rate Type Code must contain one of the following codes:

DEDI	Deemed Dividend Proceeds	Deemed rate of dividend proceeds attributed to the security holder.
DEFP	Deemed Fund Proceeds	Deemed rate of fund proceeds attributed to the security holder.
DEIT	Deemed Interest Proceeds	Deemed rate of interest proceeds attributed to the security holder.
DERY	Deemed Royalties Proceeds	Deemed rate of royalties proceeds attributed to the security holder.

NETWORK VALIDATED RULES

The integer part of Quantity, Rate and Amount 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.

Currency Code, First Currency Code and Second Currency Code must be valid ISO 4217 currency codes.

USAGE RULES

ACTU is the default value for Rate Status.

Sign must be present when Rate is negative.

Except if notified differently in the rate definition, the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).

Rate Type Code NILP (Nil Payment), available for use with rate qualifier GRSS (Gross Dividend Rate) and INTP (Interest Rate Used for Payment), can only be used with Corporate Action Event Types :22F::CAEV//DVCA (Cash Dividend) and :22F::CAEV//INTR (Interest Payment).

Sequence D Interest Rate :92a::INTR and sequence E2 Interest Rate Used for Payment :92a::INTP usage must not be mixed. INTR is used to provide the annual rate of the financial instrument. INTP is used to provide the applicable rate for the current payment, after all calculations have been performed, that is, application of period and method of interest computation.

In format option B, the order of the two currencies specified is independent of the currencies in the amount and resulting amount fields. Therefore the exchange rate can be expressed as a reciprocal if required.

In format option B, for the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency. (1,00 of First Currency Code = [Rate] of Second Currency Code).

EXAMPLE

In format option B, the exchange rate between US Dollars and Pounds Sterling can be shown as:

:92B::EXCH//GBP/USD/1,619 (1,00 GBP = 1,619 USD)

or as

:92B::EXCH//USD/GBP/0,618 (1,00 USD = 0,618 GBP)