---
title: "FIX 5.0 SP2 EP299: SettlementObligationReport <BQ> message – FIX Dictionary – Onix Solutions"
description: "<meta name=\"description\" content=\"SettlementObligationReport&lt;BQ&gt; message &ndash; FIX 5.0 SP2 EP299, FIX protocol version FIX 5.0 SP2 EP299\" /> <meta name=\"keywords\" content=\"message, SettlementObligationReport, MsgType=BQ, FIX 5.0 SP2 EP299, FIX Protocol, FIX dictionary\" />"
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# SettlementObligationReport <BQ> message

## FIX 5.0 SP2 EP299

### Description

 The Settlement Obligation Report message provides a central counterparty, institution, or individual counterparty with a capacity for reporting the final details of a currency settlement obligation. The settlement obligation is intended to be used for auxiliary reporting of settlement details that will be conducted over SWIFT or CLS in order to affect the instructions. The Settlement Obligation Report message is designed to allow multiple FX deals to be aggregated and netted into a single instruction to simplify the reporting process.

 The Settlement Obligation message can be used in one of two modes ([SettlObligMode <1159>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_1159.html)):

1. Preliminary - the instructions have been generated prior to final cutoff and information is still subject to change up until cutoff has been reached
2. Final - the instructions have been generated with final settlement information which cannot subsequently be changed for the current settlement period

 See VOLUME 7 - "PRODUCT: FOREIGN EXCHANGE" section for more detailed usage notes for this message type.

 Settlement Obligation Report

### Structure

| Tag | Field Name | Req'd | Comments |
| --- | --- | --- | --- |
| [Component Block - <StandardHeader>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_StandardHeader.html) | Y | [MsgType <35>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_35.html) = BQ |  |
| [Component Block - <ApplicationSequenceControl>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_ApplicationSequenceControl.html) | N |  |  |
| 715 | [ClearingBusinessDate](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_715.html) | N |  |
| 1153 | [SettlementCycleNo](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_1153.html) | N | Settlement cycle in which the settlement obligation was generated |
| 1160 | [SettlObligMsgID](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_1160.html) | Y | Unique identifier for this message |
| 1159 | [SettlObligMode](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_1159.html) | Y | Used to identify the reporting mode of the settlement obligation which is either preliminary or final |
| 58 | [Text](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_58.html) | N | Can be used to provide any additional rejection text where rejecting a Settlement Instruction Request message. |
| 354 | [EncodedTextLen](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_354.html) | N |  |
| 355 | [EncodedText](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_355.html) | N |  |
| 60 | [TransactTime](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/tagNum_60.html) | N | Time when the Settlemnt Obligation Report was created. |
| [Component Block - <SettlObligationInstructions>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_SettlObligationInstructions.html) | Y |  |  |
| [Component Block - <StandardTrailer>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep299/compBlock_StandardTrailer.html) | Y |  |  |

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