FIX 4.4 : Position Maintenance Request <AL> message

Structure | Related Messages

Description

The Position Maintenance Request message allows the position owner to submit requests to the holder of a position which will result in a specific action being taken which will affect the position. Generally, the holder of the position is a central counter party or clearing organization but can also be a party providing investment services. Submission of a request may result in the following:

  • adjustement of both the long and short start of day position quantity
  • exercise of an option position into a position in the instrument underlying the option
  • abandonment of an option position that would otherwise exercise
  • netting of current day trades to change to the end of day long and short position
  • spreading of a position against other position in order to reduce margin requirements
  • pledge of a position for collateral purposes
  • large trader submission of the long and short quantities

The request may be submitted as either new, replace or cancel and may refer to a specific position or the previously submitted message. The request is always submitted as of a ClearingBusinessDate <715> and is therefore required. The parties both owning and holding the position are specified in the parties block.

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = AL
710 PosReqID Y

Unique identifier for the position maintenance request as assigned by the submitter

709 PosTransType Y
712 PosMaintAction Y
713 OrigPosReqRefID N

Reference to the PosReqID <710> of a previous maintenance request that is being replaced or canceled.

714 PosMaintRptRefID N

Reference to a PosMaintRptID <721> from a previous Position Maintenance Report <AM> that is being replaced or canceled.

715 ClearingBusinessDate Y

The Clearing Business Date referred to by this maintenance request

716 SettlSessID N
717 SettlSessSubID N
Component Block - <Parties> Y

The Following PartyRoles can be specified:

ClearingOrganization

Clearing Firm

Position Account

1 Account Y
660 AcctIDSource N
581 AccountType Y

Type of account associated with the order (Origin)

Component Block - <Instrument> Y
15 Currency N
555 NoLegs N

Specifies the number of legs that make up the Security

=> Component Block - <InstrumentLeg> N

Insert here the set of "<InstrumentLeg>" (leg symbology) fields

Required if NoLegs <555> > 0

711 NoUnderlyings N

Specifies the number of underlying legs that make up the Security

=> Component Block - <UnderlyingInstrument> N

Insert here the set of "<UnderlyingInstrument>" (underlying symbology) fields

Required if NoUnderlyings <711> > 0

386 NoTradingSessions N

Specifies the number of repeating TradingSessionIDs

=> 336 TradingSessionID N

Required if NoTradingSessions <386> is > 0.

=> 625 TradingSessionSubID N
60 TransactTime Y

Time this order request was initiated/released by the trader, trading system, or intermediary.

Component Block - <PositionQty> Y
718 AdjustmentType N

Type of adjustment to be applied, used for PCS & PAJ

Delta_plus, Delta_minus, Final, If Adjustment Type is null, the request will be processed as Margin Disposition

719 ContraryInstructionIndicator N

Boolean - if Y then indicates you are requesting a position maintenance that acting

720 PriorSpreadIndicator N

Boolean - Y indicates you are requesting rollover of prior day's spread submissions

834 ThresholdAmount N
58 Text N
354 EncodedTextLen N

Must be set if EncodedText <355> field is specified and must immediately precede it.

355 EncodedText N

Encoded (non-ASCII characters) representation of the Text <58> field in the encoded format specified via the MessageEncoding <347> field.

<MessageTrailer> Y

 

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