Maturity of the Security (Loan)

Field 2.52 | Matching Date: 2021-01-01 | Tolerance: None | Agent Lender Data Provision: Yes>

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

Field 2.52 | Matching Date: 2021-01-01 | Tolerance: None | Agent Lender Data Provision: Yes

Description:
Maturity of the security

Best Practice:
If Field 2.40 (Type of Asset) is populated with "SECU", this field shall be populated in a common input format: YYYY-MM-DD. When maturity date is not applicable (e.g. perpetual bonds and equities), use default code "9999-12-31".

When the reported maturity of the security is reached, any trades that are still open need to be explicitly terminated with the TR using an ETRM message. (SFTR-72)