This website sets cookies on your device. By continuing to use our site, you consent to our use of cookies in accordance with our Privacy Policy.
Menu Learning Center
0.00 ( 0 votes )

Investment managers and broker/dealers submit TBAs in the TradeLevelInformation composite of the TradeLevel or TradeDetail message. The bold values in the following partial TradeLevel show where you designate a TBA trade and the stipulations for that trade.

...

<TradeLevelInformation>

    <TypeOfTransactionIndicator>TRAD</TypeOfTransactionIndicator>

    <BuySellIndicator>SELL</BuySellIndicator>

    <TypeOfFinancialInstrument>TBAN</TypeOfFinancialInstrument>

    <DealPrice>

        <CurrencyCode>USD</CurrencyCode>

        <Amount>204,</Amount>

    </DealPrice>

...

    <StipulationsStandard>

        <StipulationCodeStandard>ARMCAP</StipulationCodeStandard> 

        <StipulationValueStandard>  

            <StipulationNumeric>10,0</StipulationNumeric>

        </StipulationValueStandard>

    </StipulationsStandard>

    <StipulationsStandard>

        <StipulationCodeStandard>INTONLY1020</StipulationCodeStandard> 

        <StipulationValueStandard>  

            <StipulationYOrN>Y</StipulationYOrN>

        </StipulationValueStandard>

    </StipulationsStandard>

    <StipulationsNonStandard>

        <StipulationCodeNonStandard>NSTYPE</StipulationCodeNonStandard> 

        <StipulationValueNonStandard>2</StipulationValueNonStandard>

    </StipulationsNonStandard>

...

 

For more information about submitting TBAs using the direct XML interface, see Chapter 3. Trade Messages in the  pdf XML Message Specification: Debt/Equity and Common Messages (3.34 MB)

Recommended for You