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ExternalTradeTransactionCondition1Code

SPEX Code: Special Ex Dividend

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SPEX means special ex dividend in the ISO 20022 trade transaction condition code set. Trade is executed with a special ex dividend, ie, selling before the ex date without the coupon.

Code
SPEX
ISO name
SpecialExDividend
Status
Registered
Last updated
2011-08-31

Official definition

Trade is executed with a special ex dividend, ie, selling before the ex date without the coupon.

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

Messages and fields that use ExternalTradeTransactionCondition1Code

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

SPEX questions

What does SPEX mean in ISO 20022?
SPEX is Special Ex Dividend in the ExternalTradeTransactionCondition1Code code set: Trade is executed with a special ex dividend, ie, selling before the ex date without the coupon.
Where does SPEX 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.