Specifies the regulatory mandate or rule that the transaction complies with.
0 = None (default if not specified)
The transaction does not fall under any special regulatory rule or mandate.
1 = Swap Execution Facility (SEF) required transaction
The transaction is a "Required" transaction under Dodd-Frank Act SEF Rules. "Required" transactions are subject to the trade execution mandate under section 2(h)(8) of the CEA and are not block trades.
2 = Swap Execution Facility (SEF) permitted transaction
The transaction is a "Permitted" transaction under Dodd-Frank Act SEF Rules. "Permitted" transactions are not subject to the clearing and trade execution mandates, illiquid or bespoke swaps, or block trades.