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title: "FIX 5.0 SP2 EP299: LegPriceType <686> field – FIX Dictionary – Onix Solutions"
description: " "
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# LegPriceType <686> field
## FIX 5.0 SP2 EP299
### Description
Type: [int](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/index.html#int)
The price type of the [LegBidPx <681>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_681.html) and/or [LegOfferPx <684>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_684.html).
See [PriceType <423>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_423.html) for description and valid values
Valid values:
- 1 = Percentage (i.e. percent of par) (often called "dollar price" for fixed income)
- 2 = Per unit (i.e. per share or contract)
- 3 = Fixed amount (absolute value)
- 4 = Discount - percentage points below par
- 5 = Premium - percentage points over par
- 6 = Spread (basis points spread)
Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.
- 7 = TED Price
- 8 = TED Yield
- 9 = Yield
- 10 = Fixed cabinet trade price (primarily for listed futures and options)
- 11 = Variable cabinet trade price (primarily for listed futures and options)
- 12 = Price spread
Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a "pay up" for specified pools
- 13 = Product ticks in halves
- 14 = Product ticks in fourths
- 15 = Product ticks in eighths
- 16 = Product ticks in sixteenths
- 17 = Product ticks in thirty-seconds
- 18 = Product ticks in sixty-fourths
- 19 = Product ticks in one-twenty-eighths
- 20 = Normal rate representation (e.g. FX rate)
- 21 = Inverse rate representation (e.g. FX rate)
- 22 = Basis points
When the price is not spread based.
- 23 = Up front points
Used specifically for CDS pricing.
- 24 = Interest rate
When the price is an interest rate. For example, used with benchmark reference rate.
- 25 = Percentage of notional
### Used In
- [](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_LegQuotGrp.html)
- [](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_TrdInstrmtLegExecGrp.html)
- [](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_TrdInstrmtLegGrp.html)
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