Description

Type: int

Used to further clarify the value of PaymentType <40213>.

Valid values:

  • 0 = Initial (principal exchange)
  • 1 = Intermediate (principal exchange)
  • 2 = Final (principal exchange)
  • 3 = Prepaid (premium forward)
  • 4 = Postpaid (premium forward)
  • 5 = Variable (premium forward)
  • 6 = Fixed (premium forward)
  • 7 = Swap (premium)

    Indicates that the premium is to be paid in the style of payments under an IRS contract.

  • 8 = Conditional (principal exchange on exercise)
  • 9 = Fixed rate

    Applicable to PaymentType <40213>=14 (Rebate) for which PaymentFixedRate <43097> and its qualifiers supersede PaymentAmount <40217>.

  • 10 = Floating rate

    Applicable to PaymentType <40213>=14 (Rebate) for which PaymentFloatingRateIndex <43098> and its qualifiers supersede PaymentAmount <40217>.

Used In