[This message was posted by glen guo of <[email protected]> to the "Fixed
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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
Hi John,
Thanks for reply.
The concept is from our legacy system for Money Market Deal.
it got rate type as interest rate, coupon rate or discount rate.
We need represent it with FIX.
probably the single tag 423 is not good enough.
what I am thinking :
1.tag 423=4 for discount.
2. if tag 223,CouponRate with value, then rate type should coupon rate.
3. still looking for interest rate
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