Option A10a/5a(Type of Swap) (Settlement Method)| Option A |
10a/5a |
(Type of Swap) (Settlement Method) |
Mandatory
This field specifies the type of the underlying transaction for which the reset/advice is sent. It also specifies the settlement method used.
Type of Swap must contain one of the following codes (Error code(s): T47):
| CAPBUYER |
Party A bought the cap and paid the premium. |
| CAPSELLER |
Party A sold the cap and received the premium. |
| COLLARBYER |
Party A bought the collar and paid the premium. |
| COLLARSLLR |
Party A sold the collar and received the premium. |
| FLOORBUYER |
Party A bought the floor and paid the premium. |
| FLOORSLLER |
Party A sold the floor and received the premium. |
| FIXEDFIXED |
IRS or CS where both parties pay fixed rates. |
| FIXEDFLOAT |
IRS or CS where party A pays fixed and receives floating rates. |
| FLOATFIXED |
IRS or CS where, party A pays floating and receives fixed rates. |
| FLOATFLOAT |
IRS or CS where both Parties pay floating rates. |
Settlement Method must contain one of the following codes (Error code(s): T48):
| GROSS |
All due amounts are to be paid in full. |
| NET |
All due amounts are to be netted, resulting in a single payment when due dates coincide. |
Netting refers only to the individual deal and not to the client transaction portfolio which would be provided for within Master Documentation.
