Description
The RateSource component is used to identify the source for the rate information as required by the trade for pricing reasons.
In FX trading of forwards and swaps, the rate of the forward portion is determined at an agreed-upon date and time in the future when the spot rate for the settlement is obtained, commonly referred to as the "fixing". The agreed upon fixing information typically includes the reference source to obtain the information, the source for the benchmark spot rate (if different from the reference source), the local date, time and business center for the publishing of the benchmark rate.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| 1445 | NoRateSources | N | ||
| → | 1446 | RateSource | N | Required if NoRateSources <1445> > 0 |
| → | 1447 | RateSourceType | N | Required if NoRateSources <1445> > 0 |
| → | 1448 | ReferencePage | N | Required if RateSource <1446>=other |
| → | 2412 | RateSourceReferencePageHeading | N | |
| → | 2796 | FXBenchmarkRateFix | N | |
| → | 3072 | RateSourceSymbol | N | |
| → | 3073 | FXBenchmark | N | |
| → | 3074 | FXBenchmarkDate | N |
Conditionally required when FXBenchmarkTime <3075> or FXBenchmarkBusinessCenter <3076> is specified. |
| → | 3075 | FXBenchmarkTime | N |
Conditionally required when FXBenchmarkDate <3074> or FXBenchmarkBusinessCenter <3076> is specified. |
| → | 3076 | FXBenchmarkBusinessCenter | N |
Conditionally required when FXBenchmarkDate <3074> or FXBenchmarkTime <3075> is specified. |