Hello, I am downloading deals, one of the fields that I use is the following: 'TR.NISdcPackageNumber.IsTranchePrimary'. I was wondering what does it mean when the tranche is primary (T).
Does primary refer to the market where the tranche is commercialized, so the ones that are not primary would be registered when the former primaries are commercialized in secondary markets, or simply it is highlighting the main tranche in the package of deals?