ExternalTradeTransactionCondition1Code
DORD Code: Direct Order
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DORD means direct order in the ISO 20022 trade transaction condition code set. Order is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party who received the order and which is acting as clearing broker.
- Code
- DORD
- ISO name
- DirectOrder
- Status
- Registered
- Last updated
- 2011-08-31
Official definition
Order is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party who received the order and which is acting as clearing broker.
Messages and fields that use ExternalTradeTransactionCondition1Code
DORD questions
- What does DORD mean in ISO 20022?
- DORD is Direct Order in the ExternalTradeTransactionCondition1Code code set: Order is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party who received the order and which is acting as clearing broker.
- Where does DORD appear in a message?
- For example in setr.027, element TradDtls/TradTxCond/Cd.
All ExternalTradeTransactionCondition1Code 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.