Specifies the type of reference entity for first-to-default CDS basket contracts.
| Code | Meaning |
|---|---|
| 1 | Asian |
| 2 | Australian and New Zealand |
| 3 | European emerging markets |
| 4 | Japanese |
| 5 | North American high yield |
| 6 | North American insurance |
| 7 | North American investment grade |
| 8 | Singaporean |
| 9 | Western European |
| 10 | Western European insurance |