Description

PayManagementReport <EA> may be used to respond to the PayManagementRequest <DY> message. It provides the status of the request (e.g. accepted, disputed) and may provide additional information related to the request.

PayManagementReport <EA> may also be sent unsolicited by the broker to a client. In which case the client may acknowledge and resolve disputes out-of-band or with a simple PayManagementReportAck <EB>.

PayManagementReport <EA> may also be sent unsolicited to report the progress status of the payment itself with PayReportTransType <2804>=2 (Status).

It should be noted that this message, in the context of operational communication between investment managers and their brokers, is intended to agree and confirm on payment(s) to be made or received during the life of a contract.

Structure

Tag Field Name Req'd Comments
Component Block - <StandardHeader> Y

MsgType=EA

2799 PayReportID Y
2812 PayRequestID N

Conditionally required when responding to PayManagementRequest <DY>.

2804 PayReportTransType Y
2803 PayReportRefID N

Required for PayReportTransType <2804>=1 (Replace).

2805 ReplaceText N

May be used to provide reason for PayReportTransType <2804>=1 (Replace).

2802 EncodedReplaceTextLen N

Must be set if EncodedReplaceText <2801> field is specified and must immediately precede it.

2801 EncodedReplaceText N

Encoded (non-ASCII characters) representation of the ReplaceText <2805> field in the encoded format specified via the MessageEncoding <347> field.

2813 PayRequestStatus N

PayRequestStatus <2813>=0 (Received) is not applicable in this message.

2800 PayDisputeReason N

May be used to provide reason for PayRequestStatus <2813>=3 (Disputed).

1328 RejectText N

May be used to elaborate the reason for rejection or dispute.

1664 EncodedRejectTextLen N

Must be set if EncodedRejectText <1665> field is specified and must immediately precede it.

1665 EncodedRejectText N

Encoded (non-ASCII characters) representation of the RejectText <1328> field in the encoded format specified via the MessageEncoding <347> field.

715 ClearingBusinessDate N

Echos back the business date of the PayManagementRequest <DY> message if this report is responding to a request.

When the report is sent unsolicited, this is the business date of the report. This may carry the same date as the payment calculation date in PostTradePaymentCalculationDate <2825>.

60 TransactTime Y
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.

Component Block - <Instrument> N

May be included with minimal detail to identify the security or contract for which payments are to be made.

Component Block - <RelatedTradeGrp> N

May be included to identify the trade(s) for which payments are to be made. Each instance identifies a separate trade.

Component Block - <Parties> N

Identifies the parties to the contracts or trades. The account to be debited or credited is identified in the PostTradePayment component.

Component Block - <PostTradePayment> Y
Component Block - <SettlDetails> N
Component Block - <StandardTrailer> Y