ExternalBenchmarkCurveName1Code
PFAN Code: Pfandbriefe
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PFAN means pfandbriefe in the ISO 20022 benchmark curve name code set. Pfandbriefe security is a collateralised bullet bond backed by either mortgage loans or loans to the public sector. Pfandbriefe differ from traditional asset-backed securities in significant ways. The most important difference is that Pfandbriefe carry no pre-payment risk since they remain on the balance sheet of the issuing institution. Therefore, their spreads over sovereign bonds are attributable to liquidity and credit quality alone. New indices have been created and existing indices have been modified in response to the growing importance of the Pfandbriefe market. The Deutsche Borse has three synthetic indices called REX, JEX, and PEX. The Pfandbriefe curve is used as a reference for credit as well as mortgage market.
- Code
- PFAN
- ISO name
- Pfandbriefe
- Status
- Registered
- Last updated
- 2022-11-21
Official definition
Pfandbriefe security is a collateralised bullet bond backed by either mortgage loans or loans to the public sector. Pfandbriefe differ from traditional asset-backed securities in significant ways. The most important difference is that Pfandbriefe carry no pre-payment risk since they remain on the balance sheet of the issuing institution. Therefore, their spreads over sovereign bonds are attributable to liquidity and credit quality alone. New indices have been created and existing indices have been modified in response to the growing importance of the Pfandbriefe market. The Deutsche Borse has three synthetic indices called REX, JEX, and PEX. The Pfandbriefe curve is used as a reference for credit as well as mortgage market.
Messages and fields that use ExternalBenchmarkCurveName1Code
| Message | Element path |
|---|---|
| auth.030 | TradData/Rpt/New/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx, TradData/Rpt/Mod/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx, TradData/Rpt/Err/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx, TradData/Rpt/Rvv/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx |
| auth.090 | AggtdPos/Rpt/PosSet/Dmnsns/UndrlygInstrm/Indx/Indx, AggtdPos/Rpt/CcyPosSet/Dmnsns/UndrlygInstrm/Indx/Indx |
| auth.091 | RcncltnSttstcs/Rpt/TxDtls/RcncltnRpt/MtchgCrit/TxMtchgCrit/IntrstFltgRateFrstLegCd/Val1, RcncltnSttstcs/Rpt/TxDtls/RcncltnRpt/MtchgCrit/TxMtchgCrit/IntrstFltgRateFrstLegCd/Val2, RcncltnSttstcs/Rpt/TxDtls/RcncltnRpt/MtchgCrit/TxMtchgCrit/IntrstFltgRateScndLegCd/Val1, RcncltnSttstcs/Rpt/TxDtls/RcncltnRpt/MtchgCrit/TxMtchgCrit/IntrstFltgRateScndLegCd/Val2 |
| auth.107 | TradData/Stat/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx, TradData/Stat/CmonTradData/TxData/IntrstRate/FrstLeg/Fltg/Rate/Cd, TradData/Stat/CmonTradData/TxData/IntrstRate/ScndLeg/Fltg/Rate/Cd |
PFAN questions
- What does PFAN mean in ISO 20022?
- PFAN is Pfandbriefe in the ExternalBenchmarkCurveName1Code code set: Pfandbriefe security is a collateralised bullet bond backed by either mortgage loans or loans to the public sector. Pfandbriefe differ from traditional asset-backed securities in significant ways. The most important difference is that Pfandbriefe carry no pre-payment risk since they remain on the balance sheet of the issuing institution. Therefore, their spreads over sovereign bonds are attributable to liquidity and credit quality alone. New indices have been created and existing indices have been modified in response to the growing importance of the Pfandbriefe market. The Deutsche Borse has three synthetic indices called REX, JEX, and PEX. The Pfandbriefe curve is used as a reference for credit as well as mortgage market.
- Where does PFAN appear in a message?
- For example in auth.030, element TradData/Rpt/New/CmonTradData/CtrctData/UndrlygInstrm/Indx/Indx.
All ExternalBenchmarkCurveName1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.