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FIXtags

FIX TAG 41326

LegAdditionalTermBondSeniority

StringAdded FIX.5.0SP2 · EP169

Definition

Specifies the bond's payment priority in the event of a default.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

Values 6

ValueMeaning
SD

Senior Secured

SR

Senior

SB

Subordinated

JR

Junior

Additional detail from the official source

In the context of MiFID II this value is used as identified in RTS 23 Annex I Table 3 Field 23 "Seniority of the bond".

MZ

Mezzanine

Additional detail from the official source

In the context of MiFID II this value is used as identified in RTS 23 Annex I Table 3 Field 23 "Seniority of the bond".

SN

Senior Non-Preferred

Additional detail from the official source

For CDS reference obligations of non-preferred senior debt issued by European Financials that constitute a layer of debt ranking between the bank's normal senior debt but above the bank's normal tier 2 subordinated debt (reference: ISDA Credit Market Infrastructure Group).

About the String data type

Alpha-numeric free format strings, can include any character or punctuation except the delimiter. All String fields are case sensitive (i.e. morstatt != Morstatt).

Used in messages 61

Includes nested components and repeating groups. Open a location to see its surrounding requirements.