Decimal floating point (3 or 4 binary bits), and the rest of the significand uses the densely packed decimal (DPD) encoding. Unlike the binary integer significand version, where the exponent changed position and came before the significand, this encoding combines the leading 2 bits of the exponent and the leading digit (3 or 4 bits) of the significand into the five bits that follow the sign bit. This is followed by a fixed-offset exponent continuation field. Finally, the significand continuation field made of 2, 5, or 11 10-bit "declets", each encoding 3 decimal digits. If the first two bits after the sign bit
Densely packed decimal is a refinement of Chen–Ho encoding; it gives the same compression and speed advantages, but the particular arrangement of bits used confers additional advantages: In 1971, Tien Chi Chen and Irving Tze Ho devised a lossless prefix code (known as Chen–Ho encoding since 2000) which packed three decimal digits into ten binary bits using a scheme which allowed compression from or expansion to BCD with only two or three gate delays in hardware. Densely packed decimal is a refinement of this, devised by Mike F. Cowlishaw in 2002, which was incorporated into the IEEE 754-2008 and standards for decimal floating-point.