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ISO 15022
Data Field Dictionary

MT566: (63) Field 22F: Indicator: Disposition of Fractions

FORMAT

Option F :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Indicator)

PRESENCE

Optional in optional subsequence D1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

O

DISF

N

 

F

Disposition of Fractions

DEFINITION

This qualified generic field specifies:

DISF

Disposition of Fractions

Specifies how fractions resulting from derived securities will be processed or how prorated decisions will be rounding, if provided with a pro ration rate.

CODES

If Data Source Scheme is not present, Indicator must contain one of the following codes:

BUYU

Buy Up

Buy securities up to next whole number.

CINL

Fractional Part for Cash

Receive cash in lieu of fractions.

DIST

Distributed

Take distribution of fractions in the form of securities.

RDDN

Round Down

Round the entitlement down to the last full unit/minimum nominal quantity, fractions are discarded.

RDUP

Round Up

Round up to next full unit/minimum nominal quantity at no cost.

STAN

Standard

If the fraction is greater than or equal to 0.5 of the resulting security then round up, else round down as specified in the respective RDUP and RDDN codes.

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