SwitchOrderConfirmationV04setr.015.001.04

Definition: Counterparties eligibility as defined by article 24 of the EU MiFID Directive applicable to transactions executed by investment firms for eligible counterparties.

Type: OrderOriginatorEligibility1Code (String)

Allowed Values:

• ELIG (Eligible): Eligible counterparty - MiFID classification of counterparty. Eligible customers are the most sophisticated level of investor, able to opt out of some the protections afforded by conduct of business rules defined under MiFID.
• RETL (Retail): Retail client - MiFID classification of counterparty. Retail customers are the least sophisticated level of investor.
• PROF (Professional): Professional client - MiFID classification of counterparty. Professional customers are, for example, investment firms, credit institutions, insurance companies.