Convertible Bond in SecurityType(167)

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1

Imported from previous forum

2

[ original email was from Koji Kubota - koji.kubota@gs.com ]
There seems to be no value defined for
convertible bond in SecurityType field (tag 167).
Will it be added?

If it will, "CB" would be a good field value for
convertible bond.

3

We tried to use values already defined and in use vs. trying to determine and define our own. The SecurityType field was initially added for the Settlement Instructions message and we chose to use the values in the ISITC spec as the enumerations. Unfortunately Convertible Bonds were not specified in that spec at the time. I agree that "CB" sounds like a good value and will take that proposal forward to the Technical Committee.

> There seems to be no value defined for
> convertible bond in SecurityType field (tag 167).
> Will it be added?
>
> If it will, "CB" would be a good field value for
> convertible bond.
>