SWIFT ISO 15022 - Code PPRE
Meanings
- Partial Pre-Funding: Partial pre-funding of a debt instrument prior to maturity drawn through a lottery process. One new security is issued with an earlier maturity date for the refunded (called portion) and the other new security is issued with the original maturity date for the non refunded (remaining) portion. Applicable only in the frame of a partial defeasance corporate action event.
- Prepayment Confirmation Received: Confirmation of the prepayment has been received (Funds Industry).
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