Field IRSDirection (1933) - FIX Protocol FIX.5.0SP2 EP240

Type: String

Used to specify whether the principal is paying or receiving the fixed rate in an interest rate swap.

Added in protocol FIX.5.0SP2 (161)

Valid values

Value Description Added
NA Swap is float/float or fixed/fixed FIX.5.0SP2 (161)
PAY Principal is paying fixed rate FIX.5.0SP2 (161)
RCV Principal is receiving fixed rate FIX.5.0SP2 (161)

Used in messages