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 which is terminated/recouponed as well as 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. |
| FIXEDFIXED |
IRS or CS where both parties paid 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. |
| FLOORBUYER |
Party A bought the floor and paid the premium. |
| FLOORSLLER |
Party A sells the floor and received the premium. |
Settlement Method must contain the following code (Error code(s): T48):
| NET |
All due amounts are to be netted, resulting in a single payment when due dates coincide. |
Netting refers only to this individual confirmation and not to the client transaction portfolio which would be provided for within master documentation.
