Option A10a/5a(Type of Swap) (Settlement Method)| Option A |
10a/5a |
(Type of Swap) (Settlement Method) |
Mandatory
This field specifies the type of cross currency interest rate swap (CS) being confirmed as well as the settlement method used.
Type of Swap must contain one of the following codes (Error code(s): T47):
| FIXEDFIXED |
Both parties pay fixed rates |
| FIXEDFLOAT |
Party A pays fixed and receives floating rates |
| FLOATFIXED |
Party A pays floating and receives fixed rates |
| FLOATFLOAT |
Both parties pay floating rates |
Settlement Method for this type of deal must contain the following code (Error code(s): T48):
| GROSS |
All due amounts are to be paid in full. |
