Reference Price Transactions for the Fixed Income Markets

This Standard aims to describe the characteristics of a transaction common in the Fixed Income markets which this Standard terms Reference Price Transactions (“RPT”) and to set out certain expected behaviours of wholesale market participants that enter into them.

This Standard applies to wholesale Fixed Income markets. Although analogous transactions exist in the Currencies and Commodities markets, this Standard is limited in its application to the Fixed Income markets.

Last updated 13 May 2020