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FIXtags

FIX TAG 40281

LegPaymentStreamDelayIndicator

BooleanAdded FIX.5.0SP2 · EP161

Definition

Applicable to credit default swaps on mortgage backed securities to specify whether payment delays are applicable to the fixed amount.

Residential mortgage backed securities typically have a payment delay of 5 days between the coupon date of the reference obligation and the payment date of the synthetic swap.

Commercial mortage backed securities do not typically have a payment delay, with both payment dates (the coupon date of the reference obligation and the payment date of the synthetic swap) being on the 25th of each month.

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FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

No enumerated values are defined for this field in this source.

About the Boolean data type

char field containing one of two values:

'Y' = True/Yes

'N' = False/No

Used in messages 61

Includes nested components and repeating groups. Open a location to see its surrounding requirements.