TagField NameAbbr nameData TypeUnion DatatypeDescriptionPedigree
1450SenioritySnrtyString

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

The payment priority is this: Senior Secured (SD), Senior (SR), Senior Non-Preferred (SN), Subordinated (SB), Mezzanine (MZ), Junior (JR).


SeniorityCodeSet
SD=

Senior Secured

Added EP83 [SeniorSecured]
SR=

Senior

Added EP83 [Senior]
SB=

Subordinated

Added EP83 [Subordinated]
JR=

Junior

In the context of MiFID II this value is used as identified in RTS 23 Annex I Table 3 Field 23 Seniority of the bond.

Added EP235 [Junior]
MZ=

Mezzanine

In the context of MiFID II this value is used as identified in RTS 23 Annex I Table 3 Field 23 Seniority of the bond.

Added EP235 [Mezzanine]
SN=

Senior Non-Preferred

For CDS reference obligations of non-preferred senior debt issued by European Financials that constitute a layer of debt ranking between the bank's normal senior debt but above the bank's normal tier 2 subordinated debt (reference: ISDA Credit Market Infrastructure Group).

Added EP235 [SeniorNonPreferred]
Added EP83 Updated EP235

Used in components:
[Instrument]