What does NPFT mean in ISO 20022?

NPFT is Non Price Forming Transaction in the ExternalPostTradeBond1Code code set: Flag for non-price forming transactions.

ExternalPostTradeBond1Code

NPFT Code: Non Price Forming Transaction

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

NPFT means non price forming transaction in the ISO 20022 post trade bond code set. Flag for non-price forming transactions.

Code: NPFT
ISO name: NonPriceFormingTransaction
Status: Registered
Last updated: 2026-08-28

Official definition

Flag for non-price forming transactions.

Definition from the ISO 20022 External Code Sets, 2Q2026 (published 28 Aug 2026).

Messages and fields that use ExternalPostTradeBond1Code

Message	Element path
auth.124	versions 001.01

NPFT in other code sets

NPFT in ExternalPostTradeEquity1Code

NPFT questions

What does NPFT mean in ISO 20022?: NPFT is Non Price Forming Transaction in the ExternalPostTradeBond1Code code set: Flag for non-price forming transactions.

All ExternalPostTradeBond1Code 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.