What does NEGO mean in ISO 20022?

NEGO is Negotiated Trade in the ExternalTradeTransactionCondition1Code code set: Trade for which the price is not the one quoted but an improved one, that is, the negotiated price.

Where does NEGO appear in a message?

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

ExternalTradeTransactionCondition1Code

NEGO Code: Negotiated Trade

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

NEGO means negotiated trade in the ISO 20022 trade transaction condition code set. Trade for which the price is not the one quoted but an improved one, that is, the negotiated price.

Code: NEGO
ISO name: NegotiatedTrade
Status: Registered
Last updated: 2011-08-31

Official definition

Trade for which the price is not the one quoted but an improved one, that is, the negotiated 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

NEGO in other code sets

NEGO in ExternalPostTradeBond1Code

NEGO questions

What does NEGO mean in ISO 20022?: NEGO is Negotiated Trade in the ExternalTradeTransactionCondition1Code code set: Trade for which the price is not the one quoted but an improved one, that is, the negotiated price.
Where does NEGO 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.