Indicating 144A for Commercial Paper (Tag 876 CpRegType?)

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1

Imported from previous forum

2

Hi,

We’ve been looking for a way to flag Commercial Paper transactions that fall under rule 144A. This FIX tag seems appropriate:

876 CPRegType String The registration type of a commercial paper issuance

But - there are no values defined, so

(i) is this correct
(ii) is there any convention around it?

3

Field 876 is part of the component block, i.e. it is not an attribute of a transaction but an attribute of an instrument. However, is probably part of the transaction you are talking about and thus you can use this field. You should avoid sending the same instrument with different values in 876. If you need to do this you should look for a field outside of the block.

Regards,
Hanno.

The lack of pre-defined values means that you can use what you need (data type String).

Hi,

We’ve been looking for a way to flag Commercial Paper transactions that
fall under rule 144A. This FIX tag seems appropriate:

876 CPRegType String The registration type of a commercial paper
issuance

But - there are no values defined, so

(i) is this correct
(ii) is there any convention around it?