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SWIFT ISO 15022 - Code BASK

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Financial acronyms

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 Meaning

  • Basket Trade: Transaction is a single order to buy and sell several financial instruments for the purpose of simultaneous buying and selling. Baskets are often used for a set of 15 or more financial instruments and play a role in arbitrage activity.

 Usages

Message type
Field number
Tag
MT502
(Order to Buy or Sell)
5
22F (Indicator)
MT513
(Client Advice Of Execution)
5
22F (Indicator: Trade Transaction Type)
MT514
(Trade Allocation Instruction)
5
22F (Indicator: Trade Transaction Type)
MT515
(Client Confirmation of Purchase or Sale)
6
22F (Indicator: Trade Transaction Type)
MT518
(Market-Side Securities Trade Confirmation)
5
22F (Indicator: Trade Transaction Type)
MT576
(Statement of Open Orders)
43
22a (Indicator)