Specifies the type of price for PaymentPrice(40218).
Percentage (i.e. percent of par) (often called
dollar price for fixed income)
Per unit (i.e. per share or contract)
Fixed amount (absolute value)
Discount - percentage points below par
Premium - percentage points over par
Spread (basis points spread)
Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.
Fixed cabinet trade price (primarily for listed futures and options)
Variable cabinet trade price (primarily for listed futures and options)
Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a
pay up for specified pools
Product ticks in halves
Product ticks in fourths
Product ticks in eighths
Product ticks in sixteenths
Product ticks in thirty-seconds
Product ticks in sixty-fourths
Product ticks in one-twenty-eighths
Normal rate representation (e.g. FX rate)
Inverse rate representation (e.g. FX rate)
When the price is not spread based.
Up front points
Used specifically for CDS pricing.
When the price is an interest rate. For example, used with benchmark reference rate.
Percentage of notional