ExternalBenchmarkCurveName1Code
SWAP Code: SWAP
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SWAP means swap in the ISO 20022 benchmark curve name code set. In curve construction, Swap is the long portion of the curve constituting about 3 years to 30 years term.
- Code
- SWAP
- ISO name
- SWAP
- Status
- Registered
- Last updated
- 2022-11-21
Official definition
In curve construction, Swap is the long portion of the curve constituting about 3 years to 30 years term.
The exchange of one security, currency or interest rate for another to change the maturity (bonds), or quality of issues (stocks or bonds), or because investment objectives have changed.
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 |
SWAP questions
- What does SWAP mean in ISO 20022?
- SWAP is SWAP in the ExternalBenchmarkCurveName1Code code set: In curve construction, Swap is the long portion of the curve constituting about 3 years to 30 years term. The exchange of one security, currency or interest rate for another to change the maturity (bonds), or quality of issues (stocks or bonds), or because investment objectives have changed.
- Where does SWAP 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.