SWIFT ISO 15022 - Code DORD

Significations

• Direct Order: Trade is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
• Direct Order: Trade is executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of execution to the executing party.
• Direct Order: Trade is to be executed by a trading party other than the trading party to which the order is sent. In this case, the instructing party has traded with another broker which will subsequently send an advice of the executing party.
• Registration Request Data and Order Rejection: Disagreement between the data on the registration request and the order.

Utilisations