ExternalCorporateActionEventType1Code
PRED Code: Partial Redemption With Pool Factor Reduction
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PRED means partial redemption with pool factor reduction in the ISO 20022 corporate action event type code set. Securities are redeemed in part before their scheduled final maturity date. The redemption is reflected in a pool factor reduction. No movement of securities occurs.
- Code
- PRED
- ISO name
- PartialRedemptionWithPoolFactorReduction
- Status
- Registered
- Last updated
- 2025-02-28
Official definition
Securities are redeemed in part before their scheduled final maturity date. The redemption is reflected in a pool factor reduction. No movement of securities occurs.
Messages and fields that use ExternalCorporateActionEventType1Code
PRED questions
- What does PRED mean in ISO 20022?
- PRED is Partial Redemption With Pool Factor Reduction in the ExternalCorporateActionEventType1Code code set: Securities are redeemed in part before their scheduled final maturity date. The redemption is reflected in a pool factor reduction. No movement of securities occurs.
- Where does PRED appear in a message?
- For example in camt.052, element Rpt/Ntry/NtryDtls/TxDtls/RltdCorpActn/EvtTp/Cd.
All ExternalCorporateActionEventType1Code 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.