FIX 4.1 : Settlement Instructions <T> message

Structure | Related Messages

Description

The Settlement Instructions <T> message provides either the broker's or the institution's instructions for trade settlement. The SettlInstSource <165> field indicates if the settlement instructions are the broker's or the institution's. This message has been designed so that it can be sent from the broker to the institution, from the institution to the broker, or from either to an independent "standing instructions" database or matching system.

The Settlement Instructions <T> message can be used in one of two modes (SettlInstMode <160>):

The Settlement Instruction detail can be either explicitly specified (via SecuritySettl* and CashSettl* fields) or can exist on within an independent standing instructions database and can be referenced via the StandInstDbType <169>, StandInstDbName <170>, and StandInstDbID <171> fields.

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = T
162 SettlInstID Y

Unique message ID regardless of SettlInstMode <160>

163 SettlInstTransType Y

New, Replace, or Cancel

160 SettlInstMode Y

'1'=Standing Instructions, '2'=Specific Allocation Account Overriding, '3'=Specific Allocation Account Standing

165 SettlInstSource Y

'1'=Broker's Settlement Instructions, '2'=Institution's Settlement Instructions

79 AllocAccount Y

Required for SettlInstMode <160>='1', '2', or '3'

166 SettlLocation N

Required for SettlInstMode <160>='2' or '3', may be required for SettlInstMode <160>='1' (i.e. may not be required if StandInstDbType <169> and StandInstDbID <171> are used)

75 TradeDate N

Required for SettlInstMode <160>='2' or '3'

70 AllocID N

Required for SettlInstMode <160>='2' or '3'

30 LastMkt N

Required for SettlInstMode <160>='2' or '3', May be required for SettlInstMode <160>='1'

54 Side N

Required for SettlInstMode <160>='2' or '3', May be required for SettlInstMode <160>='1'

167 SecurityType N

May be required for SettlInstMode <160>='1'

168 EffectiveTime N

May be required for SettlInstMode <160>='1' (timestamp when it goes in to effect)

60 TransactTime Y

Date/Time Settlement Instructions <T> were generated

109 ClientID N

Used for firm identification in third-party transactions.

76 ExecBroker N

Used for firm identification in third-party transactions.

169 StandInstDbType N

1=DTC SID, 2=Thomson ALERT, 3=Global Custodian's, etc.

170 StandInstDbName N

Name of StandInstDbType <169> (i.e. DTC, Global Custodian's name)

171 StandInstDbID N

Identifier used within the StandInstDbType <169>

172 SettlDeliveryType N
173 SettlDepositoryCode N

Applicable when SettlLocation <166> is a depository

174 SettlBrkrCode N
175 SettlInstCode N
176 SecuritySettlAgentName N

Applicable when settlement is being performed at a country vs. a depository

177 SecuritySettlAgentCode N

Applicable when settlement is being performed at a country vs. a depository

178 SecuritySettlAgentAcctNum N

Applicable when settlement is being performed at a country vs. a depository

179 SecuritySettlAgentAcctName N

Applicable when settlement is being performed at a country vs. a depository

180 SecuritySettlAgentContactName N

Applicable when settlement is being performed at a country vs. a depository

181 SecuritySettlAgentContactPhone N

Applicable when settlement is being performed at a country vs. a depository

182 CashSettlAgentName N

Applicable when SettlDeliveryType <172>=Free

183 CashSettlAgentCode N

Applicable when SettlDeliveryType <172>=Free

184 CashSettlAgentAcctNum N

Applicable when SettlDeliveryType <172>=Free

185 CashSettlAgentAcctName N

Applicable when SettlDeliveryType <172>=Free

186 CashSettlAgentContactName N

Applicable when SettlDeliveryType <172>=Free

187 CashSettlAgentContactPhone N

Applicable when SettlDeliveryType <172>=Free

<MessageTrailer> Y

 

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