BENC Code: Benchmark Transaction
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BENC means benchmark transaction in the ISO 20022 post trade equity code set. Flag for transactions executed in reference to a price that is calculated over
- Code
- BENC
- ISO name
- BenchmarkTransaction
- Status
- Registered
- Last updated
- 2026-08-28
Official definition
Flag for transactions executed in reference to a price that is calculated over
multiple time instances according to a given benchmark.
Messages and fields that use ExternalPostTradeEquity1Code
| Message | Element path |
|---|---|
| auth.124 | versions 001.01 |
BENC questions
- What does BENC mean in ISO 20022?
- BENC is Benchmark Transaction in the ExternalPostTradeEquity1Code code set: Flag for transactions executed in reference to a price that is calculated over multiple time instances according to a given benchmark.
All ExternalPostTradeEquity1Code 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.