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ISO 15022
Data Field Dictionary

MT569: (40) 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 subsequence C1a

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

MARG

N

 

A

Margin

3

O

RSPR

N

 

A

Spread Rate

DEFINITION

This qualified generic field specifies:

MARG

Margin

The collateral excess/shortage expressed in the percentage of the collateral required.

PRIC

Pricing Rate

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

RSPR

Spread Rate

Margin rate over or under an index.

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.

Sign must not be present when Rate is zero.

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).