Description

The PaymentGrp is a repeating component used to report additional payments or bullet payments.

This component is positioned outside the Instrument component as it is used to specify payments based on the price and terms of the contract, e.g. upfront fee, premium amount, security lending fee and contract-based rebates.

When PaymentFrequencyUnit <43103> and PaymentFrequencyPeriod <43102> are specified the payments are deemed to be periodic for the specified PaymentType <40213>.

Structure

Tag Field Name Req'd Comments
40212 NoPayments N
40213 PaymentType N

Required if NoPayments <40212> > 0.

40993 PaymentSubType N
40214 PaymentPaySide N
40215 PaymentReceiveSide N
43087 PaymentDesc N
40216 PaymentCurrency N
40217 PaymentAmount N

Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.

42598 PaymentAmountRelativeTo N
42599 PaymentAmountDeterminationMethod N
43097 PaymentFixedRate N

Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.

43098 PaymentFloatingRateIndex N

Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.

43100 PaymentFloatingRateIndexCurveUnit N

Conditionally required when PaymentFloatingRateIndexCurvePeriod <43099> is specified.

43099 PaymentFloatingRateIndexCurvePeriod N

Conditionally required when PaymentFloatingRateIndexCurveUnit <43100> is specified.

43101 PaymentFloatingRateSpread N

Conditionally required when PaymentFloatingRateIndex <43098> is specified and the spread to the index is not "zero". When the spread to the index is "zero" this may be omitted.

43105 PaymentRateResetFrequencyUnit N

Conditionally required when PaymentRateResetFrequencyPeriod <43104> is specified.

43104 PaymentRateResetFrequencyPeriod N

Conditionally required when PaymentRateResetFrequencyUnit <43105> is specified.

43103 PaymentFrequencyUnit N

Conditionally required when PaymentFrequencyPeriod <43102> is specified.

43102 PaymentFrequencyPeriod N

Conditionally required when PaymentFrequencyUnit <43103> is specified.

40218 PaymentPrice N
40919 PaymentPriceType N
41155 PaymentUnitOfMeasure N
40219 PaymentDateUnadjusted N
40220 PaymentBusinessDayConvention N

When specified, this overrides the business day convention defined in the DateAdjustment component in Instrument. The specified value would be specific to this instance of the payment information.

Component Block - <PaymentBusinessCenterGrp> N

When specified, this overrides the business centers defined in the DateAdjustment component in Instrument. The specified values would be specific to this instance of the payment information.

41156 PaymentDateRelativeTo N
41157 PaymentDateOffsetPeriod N

Conditionally required when PaymentDateOffsetUnit <41158> is specified.

41158 PaymentDateOffsetUnit N

Conditionally required when PaymentDateOffsetPeriod <41157> is specified.

41159 PaymentDateOffsetDayType N
40222 PaymentDateAdjusted N
41160 PaymentForwardStartType N
40224 PaymentDiscountFactor N
40225 PaymentPresentValueAmount N
40226 PaymentPresentValueCurrency N
40227 PaymentSettlStyle N
492 PaymentMethod N
Component Block - <PaymentSettlGrp> N
41304 PaymentLegRefID N

Used to link a payment back to its parent InstrumentLeg by using the same value as the parent’s LegID <1788>.

40229 PaymentText N
40984 EncodedPaymentTextLen N

Must be set if EncodedPaymentText <40985> field is specified and must immediately precede it.

40985 EncodedPaymentText N

Encoded (non-ASCII characters) representation of the PaymentText <40229> field in the encoded format specified via the MessageEncoding <347> field.

Used In