Seniority

Tag 1450

Seniority

Abbreviation: Snrty
TypeString
Tag1450
AddedFIX.5.0SP1
Used in72 messages

Description

Specifies which issue (underlying bond) will receive payment priority in the event of a default. Used to define a CDS instrument.

Wire Format & Usage Example

Single field (key=value)
1450=SD (SeniorSecured)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 |  | 1450=SD (SeniorSecured) |  | 10=...

Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 1450=SD (SeniorSecured) is this field's position in the message.

All valid values
WireNameDescription
1450=SDSeniorSecuredSenior Secured
1450=SRSeniorSenior
1450=SBSubordinatedSubordinated

Enumerated Values

3
ValueSymbolic NameDescriptionAdded
SDSeniorSecuredSenior SecuredFIX.5.0SP1
SRSeniorSeniorFIX.5.0SP1
SBSubordinatedSubordinatedFIX.5.0SP1