SecuritiesTradeConfirmationV04setr.027.001.04

Definition: Settlement conditions expressed as an ISO 20022 code.

Type: SettlementTransactionCondition7Code (String)

Allowed Values:

• ASGN (Assignment): Transfer of ownership of the asset to another party during the closing of an option.
• CLEN (Clean): Indicates that the trade was executed clean, ie government tax must not be paid on the accrued interest on the bond.
• DIRT (Dirty): Indicates that the trade was executed dirty, ie government tax must be paid on the accrued interest on the bond.
• DLWM (Delivery Without Matching): Matching receipt instruction not required (only for concerned international or national central securities depositories).
• DRAW (Drawn): Settlement transactions relates to drawn securities.
• EXER (Exercised): Settlement transaction relates to options, futures or derivatives that are exercised.
• FRCL (Free Clean Settlement): Delivery will be made free of payment but a clean payment order will be sent.
• KNOC (Knocked Out): Settlement transaction relates to options, futures or derivatives that are expired worthless.
• PHYS (Physical): Securities are to be physically settled.
• CSDP (CSD Payment Only): Transaction on a security that is not eligible at the Central Securities Depository (CSD) but for which the payment will be enacted by the CSD.
• SPCS (Split Currency Settlement): Settlement is in two different currencies.
• SPDL (Special Delivery): Settlement transactions to be settled with special delivery.
• SPST (Split Settlement): Money and financial instruments settle in different locations.
• UNEX (Unexposed): Delivery cannot be performed until money is received.