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ISO 15022
Data Field Dictionary

MT569: (46) 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)

PRESENCE

Mandatory in optional subsequence C1a1

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

EXCH

N

 

B

Exchange Rate

2

M

VAFC

N

 

A

Valuation Factor

DEFINITION

This qualified generic field specifies:

EXCH

Exchange Rate

Exchange rate between the transaction currency and the reporting currency.

VAFC

Valuation Factor

Adjustment applied on the liability/collateral to calculate the position.

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.

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

If Rate is zero, Sign must not be present.

USAGE RULES

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).

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

When the amount in the reporting currency is not present or when the reporting currency is the same as the transaction currency, First Currency Code and Second Currency Code are the same and Rate is equal to 1.

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

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)