Type: String
Specifies which issue (underlying bond) will receive payment priority in the event of a default.
Used to define a CDS instrument.
Added in protocol FIX.5.0SP1 (EP 83)
See in: FIX.5.0SP2.
Valid values
| Value | Description | Added |
|---|---|---|
| JR | Junior | FIX.5.0SP2 (EP 235) |
| MZ | Mezzanine | FIX.5.0SP2 (EP 235) |
| SB | Subordinated | FIX.5.0SP1 (EP 83) |
| SD | Senior Secured | FIX.5.0SP1 (EP 83) |
| SN | Senior Non-Preferred | FIX.5.0SP2 (EP 235) |
| SR | Senior | FIX.5.0SP1 (EP 83) |