Description

Type: char

Specifies the basis or unit used to calculate the commission.

Valid values:

  • 1 = Amount per unit

    Implying shares, par, currency, physical unit etc. Use CommUnitOfMeasure <1238> to clarify for commodities.

  • 2 = Percent
  • 3 = Absolute

    Total monetary amount.

  • 4 = Percentage waived, cash discount basis

    For use with CIV buy orders.

  • 5 = Percentage waived, enhanced units basis

    For use with CIV buy orders.

  • 6 = Points per bond or contract

    Specify ContractMultiplier <231> in the Instrument component if the security is denominated in a size other than the market convention, e.g. 1000 par for bonds.

  • 7 = Basis points

    The commission is expressed in basis points in reference to the gross price of the reference asset.

  • 8 = Amount per contract

    Specify ContractMultiplier <231> in the Instrument component if the security is denominated in a size other than the market convention.

Used In