Description

Type: int

Specifies the post-execution trade continuation or lifecycle event. Additional values may be used by mutual agreement of the counterparties.

Valid values:

  • 0 = Novation
  • 1 = Partial novation
  • 2 = Trade unwind

    "Trade" includes "Swaps".

  • 3 = Partial trade unwind

    "Trade" includes "Swaps".

  • 4 = Exercise
  • 5 = Compression/Netting

    Compression (used for OTC derivative trades) and Netting (used for Futures trades) are essentially the same business process, i.e. rolling up closely related contracts into a single trade or position.

  • 6 = Full netting
  • 7 = Partial netting
  • 8 = Amendment

    Based on mutual agreement between the counterparties, used to change the original or previously amended contract terms reported to a trade repository.

  • 9 = Increase
  • 10 = Credit event
  • 11 = Strategic restructuring
  • 12 = Succession event reorganization
  • 13 = Succession event renaming
  • 14 = Porting
  • 15 = Withdrawal

    One party withdrew from the trade prior to confirmation or clearing. Can be used with TradeReportTransType <487>=1 (Cancel).

  • 16 = Void

    Trade is to be ended after clearing. Can be used with TradeReportTransType <487>=1 (Cancel).

  • 17 = Account transfer
  • 18 = Give up
  • 19 = TakeUp
  • 20 = Average pricing
  • 21 = Reversal
  • 22 = Allocation/Trade posting
  • 23 = Cascade

    The breakdown of a contract position to a more granular level, e.g. from a yearly position to monthly positions.

  • 24 = Delivery
  • 25 = Option assignment
  • 26 = Expiration
  • 27 = Maturity
  • 28 = Equal position adjustment
  • 29 = Unequal position adjustment

    An adjustment to either the long or short position quantity but not both.

  • 30 = Correction

    Used to correct an error in the contract terms of a previously submitted report to a trade repository.

  • 31 = Early termination

    The transaction/contract has closed before its natural end (maturity date or end date).

  • 32 = Rerate

    Change in the repo rate of an open repo contract due to shift in the market conditions.

  • 99 = Other price-forming continuation data

    Other price-forming continuation data or lifecycle event. Include description of type in TradeContinuationText <2374>.

Used In