Appendix 6-G
Use of <Parties> Component Block: PartyRole, PartyIDSource, PartyID, and PartySubID
The <Parties> component block is a flexible mechnaism used to allow new "roles" or types of firm identification to be specified without a corresponding increase in the number of FIX fields. What previously would have required at least one a new field to many messages for each new "role" can now be supported via an additional value to the PartyRole<452> field. In addition, the <Parties> component block makes it possible to identify the "source" or type of value (e.g. "BIC" code) you are specifying via the PartyIDSource<447> field. The PartyID<448> field contains the actual value and the PartySubID<523> may be optionally used to provide an additional level of subdivision
The matrix below identifies the various PartyRole values and the anticipated PartyIDSource<447> values which may be associated with each PartyRole<452>. It is important to note that other combinations may exist. In addition, see "Volume 7 — Products" for any documented product-specific anticipated PartyRole<452> mapping and guidance.
| PartyRole value | Common Identification and Considerations Reference | |
|---|---|---|
| 1 | Executing Firm | See "Common PartyRole Identification for Firms" |
| 2 | Broker of Credit | See "Common PartyRole Identification for Firms" |
| 3 | Client ID | See "Common PartyRole Identification for Firms" |
| 4 | Clearing Firm | See "Common PartyRole Identification for Firms" |
| 5 | Investor ID | See "PartyRole Identification for Investor ID" |
| 6 | Introducing Firm | See "Common PartyRole Identification for Firms" |
| 7 | Entering Firm | See "Common PartyRole Identification for Firms" |
| 8 | Locate/Lending Firm (for short-sales) | See "Common PartyRole Identification for Firms" |
| 9 | Fund manager Client ID (for CIV) | See "Common PartyRole Identification for Firms" |
| 10 | Settlement Location | See "PartyRole Identification for Settlement Location" |
| 11 | Order Origination Trader (associated with Order Origination Firm – e.g. trader who initiates/submits the order) | See "Common PartyRole Identification for Traders" |
| 12 | Executing Trader (associated with Executing Firm – actually executes) | See "Common PartyRole Identification for Traders" |
| 13 | Order Origination Firm (e.g. buyside firm) | See "Common PartyRole Identification for Firms" |
| 14 | Giveup Clearing Firm (firm to which trade is given up) | See "Common PartyRole Identification for Firms" |
| 15 | Correspondant Clearing Firm | See "Common PartyRole Identification for Firms" |
| 16 | Executing System | See "PartyRole Identification for Execution System" |
| 17 | Contra Firm | See "Common PartyRole Identification for Firms" |
| 18 | Contra Clearing Firm | See "Common PartyRole Identification for Firms" |
| 19 | Sponsoring Firm | See "Common PartyRole Identification for Firms" |
| 20 | Underlying Contra Firm | See "Common PartyRole Identification for Firms" |
Common PartyRole Identification for Firms:
| PartyIDSource (447) | PartyID (448) | PartySubID (523) | |
|---|---|---|---|
| B | BIC (Bank Identification Code) | «BIC Value» | (optional) |
| C | Generally accepted market participant identifier | (various) | (optional) |
| D | Proprietary/Custom code | (various) | (optional) |
Common PartyRole Identification for Traders:
| PartyIDSource (447) | PartyID (448) | PartySubID (523) | |
|---|---|---|---|
| C | Generally accepted market participant identifier | (various) | (optional) |
| D | Proprietary/Custom code | (various) | (optional) |
Common PartyRole Identification for Investor ID:
See Volume 4: "Example Usage of PartyRole="Investor ID""
Common PartyRole Identification for Execution System:
| PartyIDSource (447) | PartyID (448) | PartySubID (523) | |
|---|---|---|---|
| C | Generally accepted market participant identifier | (various) | (optional) |
| D | Proprietary/Custom code | (various) | (optional) |
Common PartyRole Identification for Settlement Location:
| PartyIDSource (447) | PartyID (448) | PartySubID (523) | |
|---|---|---|---|
| B | BIC (Bank Identification Code) | «BIC Value» | (optional) |
| C | Generally accepted market participant identifier | CED = CEDEL DTC = Depository Trust Company EUR = Euroclear FED = Federal Book Entry HIC = Held In Custody ICSD = International Central Securities Depository NCSD = National Central Securities Depository PNY = Physical PTC = Participant Trust Company |
(optional) |
| E | ISO Country Code [for Local Market Settlement] |
« ISO Country Code Value » | (optional) |