Open Term

Field 2.21 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: No>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Field 2.21 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: No

Description:
Indication whether the transaction is open term (i.e. has no fixed maturity date) or fixed term with a contractually agreed maturity date. “TRUE” shall be populated for open term transactions, and “FALSE” for fixed term.

Best Practice:
This field shall contain one of the values: "TRUE" or "FALSE". Populate as "TRUE" where an open trade and "FALSE" for fixed-term trades.

Where Field 2.14 (Maturity Date [End Date]) is blank, then this field will always be "TRUE". (SFTR-41)