ISO 20022 · Purpose
FNETFutures Netting Payment
Published definition
Cash associated with a netting of futures payments. Refer to CCPM codeword for netting of initial and variation margin through a CCP
Additional source information
Listed Derivatives
Code set and usage
Purpose contains 366 registered codes. Its exact identifier is ExternalPurpose1Code.
Specifies the external purpose code in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.