For Fixed Income. Either Swap Spread or Spread to Benchmark depending upon the order type.
Spread to Benchmark: Basis points relative to a benchmark. To be expressed as "count of basis points" (vs. an absolute value). E.g. High Grade Corporate Bonds may express price as basis points relative to benchmark (the BenchmarkCurveName (221) field). Note: Basis points can be negative.
Swap Spread: Target spread for a swap.
(formerly named: SpreadToBenchmark prior to FIX 4.3)
Used in:
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