A code that describes the reason that an update occurred.
2012-03-21
positionUpdateReasonCodeScheme
1-1
http://www.fpml.org/coding-scheme/position-update-reason-code
http://www.fpml.org/coding-scheme/position-update-reason-code-1-1
http://www.fpml.org/coding-scheme/position-update-reason-code-1-1.xml
Code
63
Source
Description
key
Amendment
FpML
An existing trade was changed via a negotiated agreement.
Cancellation
FpML
A trade was removed for reasons other than a negotiated agreement (e.g. reported in error).
Correction
FpML
Trade details were adjusted to correct a prior error.
Exercise
FpML
An option was invoked and therefore the original option is no longer in effect.
Increase
FpML
A trade's notional size was increased via a negotiated agreement.
Netting
FpML
Similar trades were combined for processing simplicity.
NewTrade
FpML
Newly created trade.
NonNegotiatedChange
FpML
Trade details were adjusted for other reasons, e.g. corporate action.
Novation
FpML
An existing trade was transferred to a new counterparty via a negotiated agreement.
Termination
FpML
An existing trade was exited early via a negotiated agreement.