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title: ExpirationCycle <827> field – FIX 5.0 SP1 – FIX Dictionary – Onix Solutions
description: ExpirationCycle <827> field – FIX 5.0 SP1 – FIX Dictionary – Onix Solutions
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# ExpirationCycle <827> field – FIX 5.0 SP1 – FIX Dictionary

| Messages by MsgType \| Messages by Name \| Fields by Tag \| Fields by Name \| FIX 5.0 SP1 \| Home FIX 5.0 SP1 : ExpirationCycle <827> field Type: int Used In Description Part of trading cycle when an instrument expires. Field is applicable for derivatives. Valid values: 0 = Expire on trading session close (default) 1 = Expire on trading session open 2 = Trading eligibility expiration specified in the date and time fields [EventDate <866> and EventTime <1145>] associated with EventType <865>=7 (Last Eligible Trade Date) Used In <BaseTradingRules> SecurityDefinitionRequest <c> |
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