Where does FORW appear in a message?

For example in setr.027, element TradDtls/TradTxCond/Cd.

FORW Code: Forward Price Trade

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

FORW means forward price trade in the ISO 20022 trade transaction condition code set. Order is based on a forward price.

Code: FORW
ISO name: ForwardPriceTrade
Status: Registered
Last updated: 2011-08-31

Official definition

Order is based on a forward price.

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

Messages and fields that use ExternalTradeTransactionCondition1Code

Message	Element path
setr.027	TradDtls/TradTxCond/Cd
setr.044	PtyTradgDtls/TradTxCond/Cd, CtrPtyTradgDtls/TradTxCond/Cd

FORW in other code sets

FORW in ExternalPurpose1Code

FORW questions

What does FORW mean in ISO 20022?: FORW is Forward Price Trade in the ExternalTradeTransactionCondition1Code code set: Order is based on a forward price.
Where does FORW 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.