What does FRAC mean in ISO 20022?

FRAC is Fractions in the ExternalTradeTransactionCondition1Code code set: Fractional parts are allowed.

Where does FRAC appear in a message?

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

ExternalTradeTransactionCondition1Code

FRAC Code: Fractions

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

FRAC means fractions in the ISO 20022 trade transaction condition code set. Fractional parts are allowed.

Code: FRAC
ISO name: Fractions
Status: Registered
Last updated: 2011-08-31

Official definition

Fractional parts are allowed.

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

FRAC in other code sets

FRAC in ExternalAuthorityIdentification1Code

FRAC questions

What does FRAC mean in ISO 20022?: FRAC is Fractions in the ExternalTradeTransactionCondition1Code code set: Fractional parts are allowed.
Where does FRAC 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.