Corporate Bond Data Definitions
From FISD Wiki
Minimum Required Fields
Offering Type
- Definition
- Describes whether an Offer is for a New Issue, or to make an Older Issue DTC Eligible or as the result of a Corporate Action
Distribution Type
- Definition
- Describes whether this underwriting is a Primary Offering or Secondary Offering (where Secondary includes Add-ons or Remarketings using the same CUSIP)
- Comments and/or Values
- Default to Primary for Muni Offers
- Values: - Primary
- - Secondary (where Secondary includes Add-ons or Remarketings using the same CUSIP)
Sub-Issue Type
- Definition
- Additional level of security classification as used by DTCC
- Previous Definition
- See Security Type later in this document
- Comments and/or Values
- Values can be found under the Security Type field later in this document
Base CUSIP #
- Definition
- First 6 digits of a CUSIP number and is commonly used to identify the Issuer
- Previous Definition
- See also Base CUSIP number later in this document
- Comments and/or Values
- Note: This field is repeated later on in the worksheet
Security Form
- Definition
- Identifies the certificate type in which the security can be held. (ex: Registered, Book Entry Only)
- Previous Name
- Certificate Type
- Previous Definition
- See also Certificate type later in this document
Offer Legal Description
- Definition
- The legal description of the Offering or Issue as stated in the Prospectus or Offering Statement or another applicable document
- Previous Definition
- See also Issue Description later in this document
- Comments and/or Values
- Suggestion: in place of legal use full or oficial. In place of applicable document use origination/official document
- (Discussion - leave as is)
Underwriter Contact Name
- Definition
- The primary contact at the lead Underwriter for this deal.
- Previous Name
- Contact Name
Underwriter Contact Phone number
- Definition
- The primary contact at the lead Underwriter for this deal.
- Previous Name
- Contact Phone number
Underwriter Contact e-mail
- Definition
- The primary contact at the lead Underwriter for this deal.
- Previous Name
- Contact e-mail
All Other Data Elements
Interest Calculation Method
- Definition
- Identifies the interest Calculation period
- Actual/Actual
- Act/360
- 30/360
- Act/365
- Unknown or other
- Previous Name
- Day type
- Previous Definition
- Identifier for day count method (aka: interest Calculation period)
- 1 = Actual/Actual
- 3 = MSRB 360 (Strict interpretation)
- 7 = Act/360
- 10 = Currently used (1992) SIA standard 30/360
- 12 = Act/365 - for periodic securities
- Unknown or other
- Comments and/or Values
- Through Underwriting DTCC currently supports the following:
- Actual/360
- 30/360
- Actual/365
- Actual/Actual
- The DTC field is Interest Calculation Method from the Interest Feature
Interest Classification
- Definition
- Identifies whether interest is paid:
- -> Periodic
- -> At Maturity
- -> Discounted
- -> None of the Above
- Comments and/or Values
- This is primarily an informational field. However, it could be used to control the interest related features required.
- Note - values listed in the description
End of Month Payment Adjustment
- Definition
- End of month payment adjustment rule flag
- Don't adjust the associated date for the end of month condition
- Adjust the associated date for the end of month condition
- All coupon dates fall on the 28th of the month
- All coupon dates fall on the 29th of the month
- All coupon dates fall on the 30th of the month
- Previous Name
- End of Month Adjustment
- Previous Definition
- End of month adjustment flag
- 0 = Don't adjust the associated date for the end of month condition
- 1 = Adjust the associated date for the end of month condition
- 28 = All coupon dates fall on the 28th of the month
- 29 = All coupon dates fall on the 29th of the month
- 30 = All coupon dates fall on the 30th of the month
- Comments and/or Values
-
Payment frequency Type
- Definition
- Identifier for coupon payment frequency
- DTCC values are:
- - Every N Years
- - Every N Half-years
- - Every N Quarters
- - Every N Months
- - Every N Fortnights
- - Every N Weeks
- - Every N Days
- - Other
- Comments and/or Values
- Frequency Type
Payment Frequency number
- Definition
- The actual number value of the frequency
- Previous Definition
- The actual number value of the frequency
- Comments and/or Values
- Defaulted to 1. Must be a whole number greater than or equal to 1.
Payment Date Business or Calendar indicator
- Definition
- Identifies whether a business calendar or an actual calendar is used for Payment date calculations
- Comments and/or Values
- Date
Original Coupon Rate Original Interest Rate
- Definition
- Original annual rate of interest payable to the lender as expressed as a percentage of principal as stated in the bond's offering documents.
- Previous Name
- Coupon rate (aka Interest Rate)
- Previous Definition
- The coupon or interest rate. For variable issues this is the initial coupon rate
First Trade Settlement Date
- Definition
- The date the Issuer and Underwriter exchange money for bonds
- Previous Definition
- The first trade settlement date
- Comments and/or Values
- Date
- Equal to or after Expected Closing Date
Original Maturity Date
- Definition
- Original date on which an interest bearing security becomes due and assets are to be repaid, as stated in the bond's offering documents.
- Previous Name
- Maturity Date
- Previous Definition
- The maturity date of the issue
- Comments and/or Values
- Date
Perpetual Maturity Indicator
- Definition
- Indicates that the bond has no fixed, final maturity date
- Previous Definition
- Indicates if the security has a perpetual maturity
Extendable Maturity or Expiration Date Indicator
- Definition
- Indicates whether the expiration date or maturity date can be extended.
Dated Date
- Definition
- The official 'Dated Date' as stated in the Prospectus or Offering Statement or another applicable document.
- Comments and/or Values
- Date
- Equal to or after Closing Date
First Coupon Date First Interest Payment Date
- Definition
- The day on which the first interest payment is due to the holders of the security
- Previous Name
- First Coupon Date aka First Interest Payment Date
- Previous Definition
- The dated date usually the date that interest accrues from.
Last Coupon Date Last Interest Payment Date
- Definition
- The day on which the final interest payment is due to the holders of the security
- Previous Name
- Last Coupon Date
- Previous Definition
- Last coupon date prior to maturity. This is only needed if the last coupon is of an odd length
Call schedule type
- Definition
- Indicates the type Call Schedule
- none
- discrete calls with no notification
- continuous calls with notification
- discrete calls with notification
- Previous Definition
- Indicator for call schedule (early redemption) type
- 0 = none
- 1 = discrete calls with no notification
- 2 = continuous calls with notification
- 3 = discrete calls with notification
- Comments and/or Values
- Values:
- 0 = none
- 1 = discrete calls with no notification
- 2 = continuous calls with notification
- 3 = discrete calls with notification
Currency
- Definition
- The Certificate or Settlement Currency for the security.
- Previous Definition
- Currency type.
- Comments and/or Values
- Default to USD for muni issues
- Values: ISO currency list
Original Minimum Denomination
- Definition
- Original minimum denomination required for transfer or change of ownership of a security (tradable) as determined in the bond indenture.
- Previous Name
- Minimum Denomination
- Previous Definition
- Minimum Denomination permitted
- Comments and/or Values
- Minimum denomination required for transfer or change of ownership of a security (tradable) as determined in the bond indenture.
Original Multiples of Denomination
- Definition
- Original multiple or incremental denomination, to the minimum denomination required for transfer or change of ownership of a security (tradable) as determined in the bond indenture.
- Previous Name
- Multiple Denominations
- Previous Definition
- Multiple Denominations permitted over the minimum denomination.
- Comments and/or Values
- Multiple or incremental denomination, to the minimum denomination required for transfer or change of ownership of a security (tradable) as determined in the bond indenture.
Tail Denomination
- Definition
- Remaining or leftover amount not fitting within “minimum” or “multiple” denominations
- Previous Definition
- Remaining or leftover amount not fitting within “minimum” or “multiple” denominations, if appropriate
- Comments and/or Values
- Can be calculated by input system
Issue (legal) Name
- Definition
- The legal description of the Offering or Issue as stated in the Prospectus or Offering Statement or another applicable document
- Previous Name
- Issue Description
- Previous Definition
- Full Issue Description. Name of Bonds.
- Comments and/or Values
- Offer level
- Legal Description
Secondary Description
- Definition
- Any Issue Description information that was not contained in, or did not fit in the Issue (legal) Name field.
- Previous Definition
- Free form field for revenue source and use of proceeds, including obligor name, if appropriate
- Comments and/or Values
- Additional description stored on the Security level
CUSIP Issuer Name
- Definition
- Issuer name based off (provided by) of the official CUSIP Service Bureau database. (word change suggested but group had no preference, only 5 in attendance)
- Previous Definition
- Issuer name based off of the official CUSIP database.
- Comments and/or Values
- DTCC will capture S & P CUSIP Bureau standard Issuer name using the base CUSIP number
Base CUSIP Number
- Definition
- First 6 digits of a CUSIP number and is commonly used to identify the Issuer
- Previous Definition
- First 6 digits of a CUSIP number and is used to identify the Issuer
- Comments and/or Values
- Used to capture the Issuer Name from the S & P CUSIP Bureau
Class of Security
- Definition
- Indicates to which class or group of securities a security belongs.
- Comments and/or Values
- (Note: This needs to be clarified in the help material for the system)
State or Territory Code
- Definition
- Postal code of the state or territory of the Issuer (aka State of Origin or State of Issuance)
- Note: May need to have multiple states for some bonds
- Previous Name
- State Code
- Previous Definition
- State of Incorporation
- Comments and/or Values
- 2 character state abbreviation - Postal abbreviations
Country of Origin
- Definition
- Country code of the origin or domicile for the security
- Previous Definition
- Country code of the origin for the security
- Comments and/or Values
- ISO Country code
Income Source Country
- Definition
- The country where the income is generated, and is used for calculation of tax obligation
- Previous Definition
- The country where the income is generated
- Comments and/or Values
- ISO Country code
Issue Agency Code
- Definition
- Identifies the type of government agency for the security.
- Comments and/or Values
- Values:
- - African Development Bank
- - Asian Development Bank
- - Department of Veteran Affairs (Vinnie Mac)
- - Farm Credit Bank
- - Farm Credit Financial Assistance Corp
- - Federal Agricultural Mortgage Corporation (Farmer Mac)
- - Federal Home Loan Banks
- - Federal Home Loan Mortgage Association (Freddie Mac)
- - Federal National Mortgage Association (Fannie Maes)
- - Government National Mortgage Association (Ginnie Mac)
- - Inter-American Development Bank
- - International Bank for Reconstruction and Development - World Bank
- - REMICs
- - Resolution Funding Corporation
- - Student Loan Marketing Association (Sallie Mae)
- - Tennessee Valley Authority - TVA
- - Treasury Bills and Notes
- - None
Interest Accrual Date
- Definition
- The date of the bond issue from which the interest begins to accrue.
Collateral Type
- Definition
- The type of the underlying security that is placed as collateral for the security
- Comments and/or Values
- Values:
- - Equities
- - Corporate Debt
- - Government Debt
- - Municipal Debt
- - Hybrid
Derivative Name
- Definition
- Proprietary name of a basket or fund of securities from which this security derives it value.
Credit Ratings Ratings Consist of the following group of data elements:
- Definition
- The Credit Rating or evaluations of the credit quality of notes and bonds made by rating agencies. State “non-rated” if non-rated by that rating agency.
- Show both long-term and short-term for each rating agency, if appropriate. There will be at least 3 ratings, one for each rating agency. (Moody's, Fitch, S & P)
- Ratings Consist of the following group of data elements:
- Previous Name
- Ratings
- Previous Definition
- (Moody’s, S&P and Fitch) Evaluations of the credit quality of notes and bonds made by rating agencies. State “non-rated” if non-rated by that rating agency. Show both long-term and short-term for each rating agency, if appropriate. There will be at least 3 ratings, one for each rating agency.
- Comments and/or Values
- Note: This is a group of fields that occurs at least 3 times
- Rating Agency (Moody’s, S & P, Fitch, Eagan Jones; Dominion Bond Rating)
- Note: For standard names select from list but allow free form entry.
Rating Agency
- Definition
- Previous Name
Short Term Rating
- Definition
- Previous Name
Long Term Rating
- Definition
- Previous Name
Rating Effective Date
- Definition
- Previous Name
Credit Enhancement
- Definition
- The use of the credit of an entity other than the issuer or obligor to provide additional security in a bond or note financing.
- Previous Definition
- The use of the credit of an entity other than the issuer or obligor to provide additional security in a bond or note financing. This term typically is used in the context of bond insurance, bank letters of credit and other facilities, state school guarantees and credit programs of federal or state governments or federal agencies, but also may refer more broadly to the use of any form of guaranty, secondary source of payment or similar additional credit-improving instruments. This will be a Y/N field
- Comments and/or Values
- Values Y or N
Credit Enhancement Type
- Definition
- Credit Enhancement Types include: letter of credit, bond insurance, credit facility, secondary insurance, and surety bond.
- There was discussion regarding whether to list all the types as individual elements or as values of Credit Enhancement Type
- Previous Name
- Credit Enhancement Type(s)
- Previous Definition
- Credit Enhancement Type(s) may include letter of credit, insurance, etc. There may be multiple types of credit enhancement (including Insurance & LOC)
- Comments and/or Values
- There can be multiple Credit Enhancements for an issue
- Credit Enhancement Type; Name, Priority Level & Expiration Date can occur multiple times
Credit Enhancer Name
- Definition
- Credit Enhancer Name
- Previous Name
- Credit Enhancer Name(s)
- Previous Definition
- Credit Enhancer Name(s)
- Comments and/or Values
- Credit Enhancement Type; Name, Priority Level & Expiration Date can occur multiple times
Credit Enhancer Level of Priority
- Definition
- Credit Enhancer Level of Priority
- Comments and/or Values
- Values: Primary, secondary
- Credit Enhancement Type; Name, Priority Level & Expiration Date can occur multiple times
Credit Enhancement Expiration Date(s)
- Definition
- Credit Enhancement Expiration Date for each credit enhancement on the security
- Previous Definition
- Credit Enhancement Expiration Date(s) for each
- Comments and/or Values
- Credit Enhancement Type; Name, Priority Level & Expiration Date can occur multiple times
Guarantor Name
- Definition
- Identifies a Guarantor for a security
Blue Sky Regulation Exception
- Definition
- List of the states where issue is NOT cleared under Blue Sky Restrictions (an exception list)
- Previous Name
- Blue Sky Regulation
Remarketing Indicator
- Definition
- Indicates that the bonds were issued as the result of a Remarketing. Remarketing is the process of reselling securities to the public that have been tendered for purchase by the previous owners thereof.
- Previous Name
- Remarketing
- Previous Definition
- This is a Y/N field. The process of reselling securities to the public that have been tendered for purchase by the previous owners thereof.
- Comments and/or Values
- Values Y or N
Zero Coupon Indicator
- Definition
- Indicates whether a debt security is paying periodic interest or not.
- Previous Definition
- Indicates whether a debt security is payinginterest or not.
Capital Appreciation Indicator
- Definition
- Indicates whether a debt security is a capital appreciation bond
- Comments and/or Values
- Note: Have a query out to Robin B. for clarification on the difference betweeen Cap Appr. Bond & PIK indicator
Puttable Indicator
- Definition
- Indicate the existence of a feature that provides the bond holder the contractual option to redeem the bond prior to the scheduled maturity date.
- Note: Shows the existence of or the requirement for a Put Schedule/ Put Feature
- Previous Name
- Put indicator
- Previous Definition
- Identifies whether there is a Put feature for this issue
- Comments and/or Values
- Values: Y and N
PUT/Tender Date
- Definition
- Date on which securities are subject to Optional or Mandatory Redemption by the bond holder
- Previous Definition
- Date on which securities are subject to Optional or Mandatory Tender
- Comments and/or Values
- Date
- Required if Put indicator is Y
PUT/Tender Frequency
- Definition
- Frequency of Tender or Put periods.
- Previous Definition
- Frequency of Tender or Put period.
- Comments and/or Values
- Required if Put indicator is Y
PUT Type
- Definition
- Indicates whether the redemption prior to maturity date feature is Mandatory or Optional to the bond holder.
- Previous Definition
- Mandatory or Optional
- Comments and/or Values
- Values: M or O
- Required if Put indicator is Y
Estate or Death Put
- Definition
- Identifies that a security is subject to be Redeemed upon the passing of the holder
- Previous Definition
- Identifies that a security is subject to be Put upon the passing of the holder
- Comments and/or Values
- Values Y or N
Days to PUT Notice
- Definition
- Number of days prior to a mandatory or optional redemption date that the issuer/agent must give notice to holders
- Previous Name
- Days to PUT Notification
- Previous Definition
- The number of days prior to a PUT that the agent must provide notification
- Comments and/or Values
- Applicable only Put indicator is Y
Put Window - Calendar Type
- Definition
- Identifies whether a business calendar or an actual calendar is used for the Days to Put Notice
- Previous Name
- Put Window - Business or Calendar indicator
- Previous Definition
- Identifies whether a business calendar or an actual calendar is used for the Put notification window
- Comments and/or Values
- Applicable only if Put indicator is Y
- Values: B or C
Security Form (aka Certificate Type)
- Definition
- Identifies the certificate type in which the security can be held. (ex: Registered, Book Entry Only)
- Previous Name
- BEO / Registered
- Previous Definition
- Book Entry Only or Registered with certificates available to investors.
- Comments and/or Values
- AKA : Certificate Type
- Values:
- - Book Entry Only
- - Registered (Certificated)
- - Bearer
- - Interchangeable
- - Dematerialized
Issue Size
- Definition
- Issue Offering Amount – The amount ($) of all securities that is offered through this issue
Maturity Principal Amount
- Definition
- The face amount or par value of a security payable on the maturity date.
- Comments and/or Values
- NOTE: Examples needed for discount and zero coupon bond)
144 A Indicator
- Definition
- Indicates if a security is exempted from registration with the SEC under rule 144A and sold only to qualified institutional buyers.
- Previous Definition
- Indicates if a security is exempted from registration with the SEC under rule 144A.
- Comments and/or Values
- Values:
- - Yes
- - No
Regulation S Indicator
- Definition
- Indicates whether the security is a Regulation S security under the SEC rules
- Previous Definition
- Indicates whethere the security is a Regulation S security
- Comments and/or Values
- Values:
- - Yes
- - No
Section 3c7 Indicator
- Definition
- Indicates if a security is a restricted security per SEC rule 3c7.
- Previous Definition
- Indicates if a security is a restricted security per rule 3c7.
- Comments and/or Values
- Values:
- - Yes
- - No
Registered with SEC indicator
- Definition
- Indicates if the security of the issue has been registered with the SEC pursuant to the Securities Act of 1933.
- Comments and/or Values
- Values:
- - Yes
- - No
Regulation S Category 3 Indicator
- Definition
- Indicates whether the security is a Regulation S Category 3 security per SEC rule (waiting for explanation from Robin B. for group)
- Previous Definition
- Indicates whether the security is a Regulation S Category 3 security.
- Comments and/or Values
- Values:
- - Yes
- - No
Convertible Indicator
- Definition
- Indicates whether the security has a conversion feature
- Comments and/or Values
- Values:
- - Yes
- - No
Exchangeable Indicator
- Definition
- Indicates that the security can be exchanged for another security at the issuers discretion.
- (also indicates that an Exchange Feature should exist for the security)
- Previous Name
- Exchangeable Flag
- Previous Definition
- Flag to indicate if Exchangeable feature is applicable for the security
- Exchange Feature Details can be added only if this flag is turned on.
- Comments and/or Values
- Values
- - Yes
- - No
Over-Allotment Provision
- Definition
- Indicates that the security has an option for the underwriter to buy an additional amount of the security.
- Previous Definition
- Indicates that the security has any option fo rthe underwrtier ti buy and additional 15% from the issuer less the underwriting discount within a limited period of time after the offering
- Comments and/or Values
- Required if Convertible = Yes
- Values:
- - Yes
- - No
Callable Indicator
- Definition
- Indicates the existence of a feature that provides the issuer the contractual option to redeem the bonds prior to the scheduled maturity date. (excludes extraordinary calls)
- Note: Shows the existence of or the requirement for a Call Schedule/ Call Feature
- Previous Name
- Callable
- Previous Definition
- This is a Y/N field. This is not to be used as a rule for required population of fields.
Call Rate Basis Type
- Definition
- This field is for each call event on the schedule and identifies whether the rate is expressed as a % of Par or % of CAV. Zero coupon bonds and OID bonds are callable at an accreted value.
- Previous Definition
- Zero coupon bonds and OID bonds are callable at an accreted value. This new field will be for each call event on the schedule and identify whether the rate is expressed as a % of Par or % of CAV
- Comments and/or Values
- For Zero Coupon Bonds and OID Bonds
- Values: % of Par or % of CAV
First Par Call Date
- Definition
- The first date on which bonds may be called at Par for redemption.
- Comments and/or Values
- Earliest Call date in call schedule where the call price = par
First Par call price
- Definition
- The price of the bonds on the first Par part call
- Previous Definition
- The price of the bonds on the first Par part call. Particularly relevant for CAV Bonds.
First Premium Call Date
- Definition
- The first date on which bonds may be called for redemption at a price above par.
- Previous Definition
- The first date on which bonds may be called for redemption.
- Comments and/or Values
- Earliest Call date in call schedule where the call price is not = par
First Premium call price
- Definition
- The price of the bonds on the first part call at a price above par.
- Previous Definition
- The price of the bonds on the first part call. Particularly relevant for CAV Bonds.
Days to Call Notice
- Definition
- Number of days prior to a call date that the issuer/agent must give notice to holders
- Previous Name
- Days to Call Notification
- Previous Definition
- The number of days prior to a Call that the Agent must provide notice
- Comments and/or Values
- Required if Call Schedule Type not equal to None
Call Window - Calendar Type
- Definition
- Identifies whether a business calendar or an actual calendar is used for the Days to Call Notice
- Previous Name
- Call Window - Business or Calendar indicator
- Previous Definition
- Identifies whether a business calendar or an actual calendar is used for the call notification window
- Comments and/or Values
- Required if Call Schedule Type not equal to None
- Values B or C
Extraordinary Call Indicator
- Definition
- Indicates the existence of an Extraordinary Call provision in the bonds indenture.
- Previous Name
- Extraordinary Call
- Previous Definition
- Extraordinary Call. This is to be a Y/N field
- Comments and/or Values
- Values Y or N
Make Whole Call
- Definition
- Indicates the existance of a provison on a bond allowing the borrower to pay off remaining debt early.
- Previous Definition
- A type of call provision on a bond allowing the borrower to pay off remaining debt early. The borrower has to make a lump sum payment derived from a formula based on the net present value (NPV) of future coupon payments that will not be paid because of the call
- A make whole call will be defined in the indenture. The issuer doesn't expect to have to use this type of provision, but if the issuer does, investors will be compensated, or "made whole."
Full In Whole Optional Call Schedule
- Definition
- The Call Schedule is the full set of data elements contained in the Call Feature.
- Previous Definition
- The full in whole optional call scheduled will be laid out, if any.
- Comments and/or Values
- Required if Call Schedule Type not equal to None
- Note: Call Schedule is a feature with multiple fields
Call Type
- Definition
- Indicates whether the call will be executed by Lottery or Pro-Rata
- Comments and/or Values
- Applicable if Call Schedule Type not equal to None
- Values:
- - Lottery
- - Pro-rata
Sinking Fund Type
- Definition
- Indicates whether the Sinking Fund will be called by Lottery, Pro-Rata
- Previous Definition
- Indicates whether the Sinking Fund will be called by Lottery, Pro-Rata or (?)
- Comments and/or Values
- Applicable if Sinking Fund = Y
- Values:
- - Lottery
- - Pro-rata
Full Mandatory Sinking Fund call schedule
- Definition
- The Sinking Fund call Schedule is the full set of data elements contained in the Call Feature.
- Previous Definition
- The full sinking fund call scheduled will be laid out, if any.
- Comments and/or Values
- Applicable if there is a Mandatory Sinking fund feature
- Call Schedule is a feature with multiple fields
Senior Manager(s)
- Definition
- Listing of Senior Managers or Book runners of a New Issue.
- Previous Definition
- Listing of Senior Managers or Book runners of a New Issue. This list should allow for multiple senior managers. Use NASD broker symbols and possibly names as well.
- Comments and/or Values
- Lead Underwriter(s)
- Using both Part # and Broker symbol
- (See general contact information at the end of this document)
Senior Manager (s) Contact Information
- Definition
- Contact information, including name email address and telephone number for each Senior Manager
First Trade Execution Date & Time
- Definition
- First Date and Time a trade may be executed for this security. (Earliest Date and Time)
- Previous Definition
- First Date and Time a trade may be executed for this security.
Expected Closing Date
- Definition
- The expected date of the bond closing with the issuer and underwriter as facilitated by DTC.
- Previous Definition
- The exchange of securities for payment in a new issue to the issuer. The bond closing with the issuer and the underwriter facilitated by DTC. On the closing date, the issuer delivers the securities and the requisite legal documents in exchange for the purchase price. In the case of book-entry securities, global certificates typically are delivered to a registered clearing agency in advance of closing, with the registered clearing agency.
- Comments and/or Values
- Edit rules -This date is third in sequence
- This must be after the Award Date and the First Trade Execution Date
CUSIP
- Definition
- This is captured in two fields:
- 'Primary Security ID Agency' - The identification of the National Numbering Agency assigning the Security ID
- (for US securities this is the CUSIP Service Bureau)
- and
- 'Primary Security Identifier' - Primary identifier of the security
- (for US securities this is the 9 char. CUSIP number)
- Previous Definition
- An identification number assigned to each maturity of an issue intended to help facilitate the identification and clearance of securities.
- Comments and/or Values
- See 'Primary Security ID Agency' & 'Primary Security Identifier'
- Base CUSIP number plus 3 for a total field length of
- 9 byte alphanumeric
Primary Exchange
- Definition
- Place of market listing where security is listed
- Previous Definition
- The primary trading exchange where the security is listed
- Comments and/or Values
- ISO Market Listing Codes
Ticker Symbol
- Definition
- The trading symbol of the security being listed on the exchange
- Previous Definition
- The Ticker Symbol of the security being listed on the exchange
Initial Offering Price (Initial List Price)
- Definition
- Initial Syndicate offering price to the public, if provided.
- Previous Definition
- Initial Syndicate offering price/yield to the public, if provided.
- Comments and/or Values
- Price
Initial Offering Yield (Initial List Yield)
- Definition
- Initial Syndicate offering Yield, to the public (% )
- Previous Definition
- Initial Offering Yield, if provided (% )
- Comments and/or Values
- Yield can be derived from price
- Yield – expressed as a percentage (999.999%)
Original Issue Discount Price
- Definition
- The original issuing price of a security that sold at an amount that is less than the maturity value of the bond.
- Previous Name
- OID Price
- Previous Definition
- Original Issue Discount Price, if applicable
- Comments and/or Values
- Price Can be derived from the Initial Offering price)
Original Issue Discount Yield
- Definition
- The yield associated with the original issuing price on a security that sold for an amount that is less than the maturity value of the bond.
- Previous Name
- OID Yield
- Previous Definition
- Original Issue Discount Yield, if applicable (%)
- Comments and/or Values
- Can be derived from the Initial Offering yield
- Yield – expressed as a percentage (999.999%)
Interest Rate Reset Frequency Type
- Definition
- The frequency type that Interest Rate is Reset.
- DTCC values are:
- - Every N Years
- - Every N Half-years
- - Every N Quarters
- - Every N Months
- - Every N Fortnights
- - Every N Weeks
- - Every N Days
- - Other
- Previous Name
- Interest Rate Reset Frequency
- Comments and/or Values
- Frequency Type
- Required if Interest Type = Variable
- Needed For Non Index based Variable rates
Interest Rate Reset frequency number
- Definition
- The actual number value of the Interest Rate Reset Frequency
- Previous Definition
- The actual number value of the frequency
- Comments and/or Values
- Required if Interest Type = Variable
- Defaulted to 1. Must be a whole number greater than or equal to 1.
Interest Type
- Definition
- Identifies whether interest is fixed or variable
- Comments and/or Values
- Valid values:
- Fixed or Variable
Variable Interest Basis
- Definition
- Represents the mechanism by which the variable interest is arrived at.
- Previous Definition
- Represents the mechanism by which the variable interest is arrived at. Applicable only if the interest type is variable.
- Comments and/or Values
- Required if Interest Type = Variable
- Valid values are:
- - Auction
- - Index
- - Dealer Set
- - Other
Index Name
- Definition
- The symbol of the index that will be used to calculate the interest.
- Previous Definition
- The index that will be used to calculate the interest, if it is variable and Index based.
- Comments and/or Values
- Required if Interest Type = Variable and Variable Interest Basis = Index
- Valid values are:
- - LIBOR
- - FED
- Note; There are more Indexes – either expand list or allow user to enter
Index Date
- Definition
- The date on which the index should be used for computing the interest.
- Previous Definition
- The date on which the index should be used for computing the interest.
- Applicable for variable rate, index based securities
- Comments and/or Values
- Date
- Required if Interest Type = Variable
Index Spread
- Definition
- Represents the interest offset to index value in percentage.
- Applicable for variable rate, index based securities.
- Comments and/or Values
- Required if Interest Type = Variable
- Must be a valid number. Can be negative also
First reset date
- Definition
- The first date that the coupon or interest rate changes.
- Previous Definition
- First reset date for coupon (date that the interest rate changes)
- Comments and/or Values
- Date
- Effective Date for the second occurrence of the Interest Feature when Interest Type = Variable
Coupon effective date or Interest effective Date
- Definition
- The date of the bond issue from which the interest begins to accrue.
- Previous Name
- Coupon effective date
- Previous Definition
- Coupon effective date (date interest begins accruing at new rate)
- Comments and/or Values
- Note: Need to distinguish between Reset Date & Accrual Date
- First Accrual Period Start Date for Interest Feature
Coupon Type or Interest Rate Type
- Definition
- Since this is a field that DTCC will derive from multiple input fields it was undecided whether a separate definition was required or just refer to the data elements used to derive this field
- Previous Name
- Coupon Type
- Comments and/or Values
- Derived from multiple fields at DTCC:
- Interest Type
- Variable Interest Basis Type
- Zero Coupon Indicator
- Step-Up indicator
Sub-Issue Type
- Definition
- Additional level of security classification as used by DTCC
- Previous Name
- Security Type
- Comments and/or Values
- Values are:
- - Corporate Bond
- - Corporate VRDO
- - Certificate of Deposit (CD)
- - Corporate Insured Custodial Receipt
- - Government Security
- - Debt Derivatives
- - Debt Unit
Step Indicator
- Definition
- Indicates that the coupon rate of the bond changes per a pre-determined schedule
- Previous Name
- Step-Up Flag or Step-Up Indicator
- Previous Definition
- Flag to indicate if an interest paying security steps up the rate of interest at different accrual periods prior to maturity.
- Multiple interest features can be set (one for each step-up rate), only if the step-up flag is set
- Comments and/or Values
- Needed to determine Coupon Type data element
- Values: Y or N
Step Date (s)
- Definition
- Date (s) on which the Step Rate changes become effective
- Previous Definition
- Date (s) on which the Step Rate applies (First date on which step up rate applies)
- Comments and/or Values
- Date
- Required if the Step Indicator = Y
- If have – the full schedule is required
Step Rate (s)
- Definition
- Step Interest Rate (s)
- The Interest Rate for the effective period as established in the Step Date schedule.
- Previous Definition
- Step Interest Rate (s)
- Stepped Rate Bonds are bonds on which the interest rate periodically changes (generally by increasing) over their life on specified dates and at specified interest rates.
- Comments and/or Values
- Required if the Step Indicator = Y
- If have – the full schedule is required
Document Type
- Definition
- The type of official offering documentation submitted to DTCC
- Previous Definition
- The type of document that is required to be sent in an Offering to make the securities in the Offering eligible at DTC.
- Comments and/or Values
- Values:
- - Official Statement
- - Prospectus
- - Private Placement Memorandum
- - Term Sheet
- - Trust Agreement
- - Placement Agreement
- - Indenture
- - Ordinance
- - Series Declaration
- - Offering Memorandum
- - Certificate
Document Date
- Definition
- The stated date of the document submitted to DTCC, from which the document is considered 'Official' or 'Released'
- Previous Definition
- The date stated in the document, from which the document is considered 'Official' or Released.
Document Version
- Definition
- Identifies whether the version of the document submitted to DTCC is preliminary or final.
- Previous Name
- Document Version
- Previous Definition
- The version of the document
- Comments and/or Values
- Values:
- - Preliminary
- - Final
Issue Take down Amount
- Definition
- The amount of securities in the Issue that is being settled at DTC for all debt issues.
- Previous Definition
- The amount of security in the Issue that is being closed at DTC for debt issues.
Dissemination Decision Flag
- Definition
- Flag set by the Dissemination Underwriter to indicate that the Security Information can be disseminated as part of the NIIDS process.
- Comments and/or Values
- The NIIDS outbound process can not begin until this flag is set and there is at least one CUSIP entered.
- Values:
- - Yes
- - No
Primary Security ID Agency
- Definition
- Identification of the National Numbering Agency assigning the Security ID
- Previous Name
- Primary Security Id Agency Code
- Comments and/or Values
- Values:
- - CINS
- - CUSIP (default for Muni issues)
Primary Security ID
- Definition
- Primary identifier of the security
- Previous Name
- Primary Security Id
- Comments and/or Values
- For Muni Issues this field would contain the actual CUSIP number
Fractional Dollars/ Cents Eligible Flag
- Definition
- Indicates if the security can contain a fractional share amount component.
- Previous Definition
- Indicates if the security can contain Fractional Share/amount component.
FAST Indicator
- Definition
- Indicates if the security is to be held at the transfer agent as part of the FAST (Fully Automated Securities Transfer) program
- Previous Name
- FAST Applicable
- Previous Definition
- Indicates if the security is to be held FAST by transfer agents or not.
- Comments and/or Values
- Values:
- - Yes
- - No
Option for US Dollar Payments Flag
- Definition
- Indicates if a security that pays in a foreign currency, has an option to also pay in USD.
- Previous Definition
- Indicates if the security that pays in a foreign currency, has an option to also pay in USD.
- Comments and/or Values
- Values:
- - Yes
- - No
Principal Amortization Type
- Definition
- Indicates the type of principal or interest payments applicable to this security
- Previous Definition
- Indicates if the principal is paid off in regular installments
- Comments and/or Values
- Values:
- - Accreting
- - Interest Only
- - Principal Only
- - Principal & Interest
Notional Security Indicator
- Definition
- Indicates if the security is an amortizing security that pays interest only and no principal over its life.
- Previous Name
- Notional Security Flag
- Previous Definition
- Indicates if the security pays only interest and does not pay any principal over its life.
- (Securities that amortize by paying interest alone can be notional - not have any principal value associated with them)
- Comments and/or Values
-
- Values:
- - Yes
- - No
Pay In Kind Flag
- Definition
- Indicates if the issuer will pay additional security as part of interest disbursement.
- Previous Definition
- Indicates if the security will pay another security as part of interest disbursement.
- Comments and/or Values
-
- Values:
- - Yes
- - No
Special Record Date
- Definition
- The record date associated with an odd first interest payment date that occurs before the start of the normal accrual cycle.
- Previous Definition
- The record date on which the holders of the security are established to make an interest payment for the period after the issue and before the start of normal interest accrual cycle.
Global Flag
- Definition
- Indicates that the security can be settled in other depositories outside the US in additon to DTCC.
- Previous Definition
- Indicates that the security will be traded on an exchange outside the US
DRS Eligible
- Definition
- Indicates if the security is eligible for the 'Direct Registration Service' of DTC.
- Previous Definition
- Indicates if the security is eligible for 'Direct Registration Service' of DTC
- Comments and/or Values
- Values:
- - DRS Eligible / Certificate of Statement
- - DRS Statement Only
- - DRS Statement Only at DTC / Certificate from Agent
- - Not Applicable
Underlying Primary Security Id Agency Code
- Definition
- Identification of the National Numbering Agency assigning the Security ID of the underlying security for an Insured Custodial Receipt
- Previous Definition
- Identification of the National Numbering Agency assigning the Security ID
- Comments and/or Values
- Values
- - CINS
- - CUSIP (default for Muni issues)
Underlying Primary Security Id
- Definition
- Primary identifier of the underlying security for an Insured Custodial Receipt
- Comments and/or Values
- The actual CUSIP number of the underlying security
Unit Quantity
- Definition
- Previous Definition
- The size of the unit security against which the size component are expressed.
- Units are expressed usually per 1 unit.
- Comments and/or Values
- Waiting for response from Robin
Immediately Seperable Flag
- Definition
- Indicates whether the unit is immediately seperable into its components after closing the unit security through DTC underwriting.
- Comments and/or Values
- Values:
- - Yes
- - No
Maximum Over-Allotment Amount
- Definition
- The maximum amount that is available as part of providing the over-allotment option
Maximum Over-Allotment Percetnage
- Definition
- The percetnage that is available as part of providing the over-allotment option
Days for expiry of Over-Allotment Option
- Definition
- Number of calendar days after the closing of the intitial offerong for expiry of the over-allotment option.
Security Offering Amount
- Definition
- Open question regarding the distinction between the various amount fields (Par vs. Face vs. Offering amount)
- Previous Definition
- Amount of the security that is being offered through the issue.
Article 8 Section
- Definition
- Indicates if the Security is "a security" as defined in Article 8 of the New York Uniform Commercial Code.
- Comments and/or Values
- Values:
- - Yes
- - No
Section 3(a) 2 Exempted Flag
- Definition
- Indicates whether the security is exempted under SEC ruling Section 3(a) 2.
- Previous Definition
- Indicates whether the security is exempted under Section 3(a) 2.
- Comments and/or Values
- Values:
- - Yes
- - No
Other SEC Exemption Details
- Definition
- Describes other SEC related exemptions, if any.
Offering Document Delivery Mode
- Definition
- Previous Definition
- Delivery mode of the Offering document, as determined by the Delivery Mode determination algorithm
- Comments and/or Values
- Access = Deliver related data element
- Values:
- - Prospectus Required
- - No Prospectus Required
- - Access = Delivery
- - Official Statement Required
- - Perpetual Prospectus Required
Offering Document Delivery End Date
- Definition
- Previous Definition
- Date till which Offering documents have to be delivered along with each trade. This is determined by the Delivery End Date determination algorithm.
- Comments and/or Values
- Access = Deliver related data element
- This is determined by the Delivery End Date determination algorithm and requires the 3 fields above.
- Closing Date + 25 days for Muni issues
DTC Transfer Agent Id
- Definition
- The DTC identification number of the agent that performs the transfer functions of registered securities.
- Previous Name
- Transfer Agent Id
- Previous Definition
- Identification agent that performs the transfer functions of registered securities.
- Comments and/or Values
- Note: DTCC will distribute a file of Agent id's and names
Transfer Agent Name
- Definition
- Name of the transfer agent.
- Previous Definition
- Name of the transfer agent. Will be derived from EMF if agent id is valid.
- Comments and/or Values
- Transfer Agent Name is derived from Transfer Agent ID
Currency Purpose
- Definition
- Identifies whether the currency is for Trade or Settlement purposes
- Previous Definition
- Field to identify the purpose of the currency
- Comments and/or Values
- Values:
- - Trade
- - Settlement
Currency
- Definition
- Identifies the currency to be used for Trade or Settlement purposes
- Previous Definition
- The currency being used for the purpose.
- Comments and/or Values
- Note: Repeat of Currency field earlier on
- Values:
- ISO Currency List - Default to USD for Munis
Primary Currency Indicator
- Definition
- Indicates if the currently is the primary currency for Trade or Settlement purposes
- Previous Name
- Primary Currency
- Previous Definition
- Indicates if the currency is the primary currency. The primary currency will be the default currency used for the purpose.
- Comments and/or Values
- Values:
- - Yes - Default for Muni's
- - No
Security Status
- Definition
- Identifies the current DTC status of the security as Active, Postponed or Cancelled
- Previous Definition
- The status of the security
- Comments and/or Values
- DTC System populated
- Values: - Active
- - Postponed
- - Cancelled
Security Eligibility Status
- Definition
- Identifies the current DTC Eligibility status of the security as Pre-Trade, Trade Eligible or Settlement Eligible
- Previous Definition
- The eligibility status of the security
- Comments and/or Values
- DTC System populated
- Values: - Pre-Trade Eligible
- - Trade Eligible
- - Settlement Eligible
Underwriter Takedown Shares
- Definition
- The quantity of the security handled by each Underwriter that will be brought into DTC
- Previous Definition
- Takedown quantity of the security handled by the underwriter (that will be brought into DTC)
Underwriter Takedown Amount
- Definition
- The amount of the security handled by each Underwriter that will be brought into DTC
- Previous Definition
- Takedown amount of the security handled by the underwriter (that will be brought into DTC)
DTC Issuer Id
- Definition
- The unique DTC identifier for the Issuer
- Previous Name
- Issuer Id
- Previous Definition
- Unique Identifier for the Issuer
Issuer Name
- Definition
- Previous Definition
- Legal Name of the Issuer of the Security
Issuer Short Name
- Definition
- The Issuer Name form the CUSIP Service Bureau for the associated base CUSIP number
- Previous Definition
- The common name by which the Issuer is identified. This field will be used to derive the security descriptions
Issuer Type
- Definition
- Classification of the Issuer of the securities as a Municipal Issuer, a Corporate Issuer, a Government Issuer, et al.
- Previous Definition
- A classification of the type of Issuer. The types of securities that can be made eligible are dependent on the type of issuer.
- Comments and/or Values
- Values:
- - Municipal
- - Corporate
Country of Origin
- Definition
- The country in which the Issuer is domiciled.
- Previous Definition
- The country in which the Issuer is formed.
- Comments and/or Values
- Values: ISO Country List
US State of Origin
- Definition
- The state (within US) in which the Issuer is domiciled.
- Previous Definition
- The state (within US) in which the Issuer is formed.
- Comments and/or Values
- Values: US State List
Non-US State of Origin
- Definition
- Previous Definition
- The state (of the Non-US Country) in which the Issuer is formed
Non-US State of Incorporation
- Definition
- Previous Definition
- The state (of the Non-US Country) in which the Issuer is incorporated.
Federal Tax Identification Number
- Definition
- The US tax identification of the Issuer, applicable for US Issuers only.
- Previous Definition
- The tax identification of the Issuer, applicable for US Issuers only.
