Unlike standard SMPTE timecode, the eight-message MIDI timecode sequence carries a two-bit flag value that identifies the rate of the timecode, specifiying it as either:
- 24 fps (standard rate for film work)
- 25 fps (standard rate for PAL video)
- 30/1.001 fps (Drop-Frame timecode for color NTSC video)
- 30 fps (monochrome US video)
- Linear timecode
- Vertical interval timecode
- Burnt-in timecode
- AES-EBU embedded timecode