| 1450 | Seniority | Snrty | String | | 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
|