 Option D |
10a |
(Type) |
Mandatory in mandatory sequence A
This field specifies the type of FRA being confirmed.
Type must contain one of the following codes (Error code(s): T48):
| FIXEDFLOAT |
Party A is the FRA buyer, that is, pays the fixed and receives the floating rate. |
| FLOATFIXED |
Party A is the FRA seller, that is, receives the fixed and pays the floating rate. |
