ExternalTradeTransactionCondition1Code
NCRS Code: No Cross Trade
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NCRS means no cross trade in the ISO 20022 trade transaction condition code set. Cross trades, whereby buy and sell orders are offset without recording the trade on the exchange, are not allowed.
- Code
- NCRS
- ISO name
- NoCrossTrade
- Status
- Registered
- Last updated
- 2011-08-31
Official definition
Cross trades, whereby buy and sell orders are offset without recording the trade on the exchange, are not allowed.
Messages and fields that use ExternalTradeTransactionCondition1Code
NCRS questions
- What does NCRS mean in ISO 20022?
- NCRS is No Cross Trade in the ExternalTradeTransactionCondition1Code code set: Cross trades, whereby buy and sell orders are offset without recording the trade on the exchange, are not allowed.
- Where does NCRS 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.