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28th September 2019

FIRDS Update - 28th September 2019

FIRDS has been updated to allow for new CFI codes.

Changes include allowing character 'X' in the 3rd attribute for forwards. Previously some forwards were limited to either C (CFD) or S (Spreadbet) due to a limitation in the ISO standard. To get around this, ESMA have allowed an 'X' to be populated in these circumstances.

E.g. For commodity forwards 'JT**X*' now allowed as ISO spec does not include 'JT**S*' (commodity spread bets)

See full specification of allowed CFI codes here.

The full XML schema can be found here.