[This message was posted by John Harris of BondMart Technologies, Inc.
<[email protected]> to the "Fixed Income" discussion forum at
http://fixprotocol.org/discuss/6. You can reply to it on-line at
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Glen,
I would respectfully suggest that you clarify the requirement. The "coupon
rate" does not make sense as a "price type." The coupon rate is a contractual
feature of a debt security and an input into its price.
Most likely you are looking for either (a) percentage of par value ("423=1"),
(b) yield ("423=9"), or (c) discount rate ("423=4").
Best,
John
> I am using FIX 5.0 sp2.
>
> In execution report, I need to show rate type as interest rate, coupon rate
> or discount rate.
>
> for discount, it sounds simple.
>
> I can use tag 423 priceType= 4 for discount.
>
> but what shall I do for interest rate, coupon rate???
>
> I try tag65, SymbolSfx. In Spec, it is said
> "CD - EUCP with lump-sum interest rather than discount price"
>
> not quite sure what it means.
>
> anyone can help on this?
>
> Many Thanks.
>
> Glen
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