Interest Rate

Whenever an interest rate is shown on a security, it should be included as the first item in the Miscellaneous Field followed by the abbreviation INT or INTEREST.  If the security is also counterfeit, the word “COUNTERFEIT” should be entered first.

If two interest rates are set out, use the first figure only.

Enter an interest rate that is a mixed fractional figure omitting percent sign, underscore, or diagonal (slash) symbols, for example:

•      4 1/8% should be entered 4 1-8 INT

•      4 1/2% should be entered 4 1-2 INT

If interest is a whole number, enter only the whole number, omitting the percent sign, decimal point, and zeros (if omission of zeros does not change the value); for example:

•      4% should be entered 4 INT

Interest which is written as dollar amount or as decimal rate may be entered by substituting a hyphen for the decimal point and omitting the percent sign; for example:

•      $4.25 should be entered 4-25 INT

•      $4.00 should be entered 4 INT