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Settlement Instructions <T> message – FIX 4.3 – FIX Dictionary

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FIX 4.3 : Settlement Instructions <T> message

Structure | Related Messages

Description

The Settlement Instructions <T> message provides the broker's, the institution's, or the intermediary's instructions for trade settlement. The SettlInstSource <165> field indicates if the settlement instructions are the broker's, the institution's, or the intermediary's. This message has been designed so that it can be sent from the broker to the institution, from the institution to the broker, or from either to an independent "standing instructions" database or matching system or, for CIV, from an intermediary to a fund manager.

The Settlement Instructions <T> message can be used in one of three modes (SettlInstMode <160>):

  1. To provide "standing instructions" for the settlement of trades occurring in the future, messages should include some combination of.
  2. To provide settlement instructions for a specific Allocation Account either as overriding or standing instructions to support matching. The following key should be used to tie the settlement instructions to the corresponding Allocation <J> message.
  3. To provide settlement instructions for a specific Order with a single account either as overriding or standing instructions to support matching. The ClOrdID <11> field should be used to link the settlement instructions to the corresponding Order message.

See VOLUME 7 - "PRODUCT: COLLECTIVE INVESTMENT VEHICLES"

The Settlement Instruction detail can be either explicitly specified (via SecuritySettl* and CashSettl* fields) or can exist within an independent standing instructions database and can be referenced via the StandInstDbType <169>, StandInstDbName <170>, and StandInstDbID <171> fields.

See VOLUME 5 -"Settlement Instructions Field Usage Matrix"

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = T
162 SettlInstID Y

Unique message ID regardless of SettlInstMode <160>

163 SettlInstTransType Y

New, Replace, or Cancel
214 SettlInstRefID Y

Required for Cancel and Replace SettlInstTransType <163> messages

160 SettlInstMode Y

1=Standing Instructions, 2=Specific Allocation Account Overriding, 3=Specific Allocation Account Standing , 4=Specific Order

165 SettlInstSource Y

1=Broker's Settlement Instructions, 2=Institution's Settlement Instructions, 3=Investor

79 AllocAccount Y

Required for SettlInstMode <160>=1, 2, or 3

467 IndividualAllocID N
11 ClOrdID N

Required for SettlInstMode <160>=4.

75 TradeDate N

Required for SettlInstMode <160>=2 or 3

70 AllocID N

Required for SettlInstMode <160>=2 or 3

30 LastMkt N

Required for SettlInstMode <160>=2 or 3, May be required for SettlInstMode <160>=1

336 TradingSessionID N
625 TradingSessionSubID N
54 Side N

Required for SettlInstMode <160>=2 or 3, May be required for SettlInstMode <160>=1

167 SecurityType N

May be required for SettlInstMode <160>=1

168 EffectiveTime N

May be required for SettlInstMode <160>=1 (timestamp when it goes in to effect)

60 TransactTime Y

Date/Time Settlement Instructions <T> were generated

Component Block - <Parties> N

Insert here the set of "<Parties>" (firm identification) fields

169 StandInstDbType N

1=DTC SID, 2=Thomson ALERT, 3=Global Custodian's, etc.
170 StandInstDbName N

Name of StandInstDbType <169> (i.e. DTC, Global Custodian's name)

171 StandInstDbID N

Identifier used within the StandInstDbType <169>

172 SettlDeliveryType N
173 SettlDepositoryCode N

Applicable when PartyRole <452>="Settlement Location" and PartyID <448> value is a depository

174 SettlBrkrCode N
175 SettlInstCode N
176 SecuritySettlAgentName N

Applicable when settlement is being performed at a country vs. a depository
177 SecuritySettlAgentCode N

Applicable when settlement is being performed at a country vs. a depository
178 SecuritySettlAgentAcctNum N

Applicable when settlement is being performed at a country vs. a depository
179 SecuritySettlAgentAcctName N

Applicable when settlement is being performed at a country vs. a depository
180 SecuritySettlAgentContactName N

Applicable when settlement is being performed at a country vs. a depository
181 SecuritySettlAgentContactPhone N

Applicable when settlement is being performed at a country vs. a depository
182 CashSettlAgentName N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

183 CashSettlAgentCode N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

184 CashSettlAgentAcctNum N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

185 CashSettlAgentAcctName N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

186 CashSettlAgentContactName N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

187 CashSettlAgentContactPhone N

Applicable when SettlDeliveryType <172>=Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc.

492 PaymentMethod N
476 PaymentRef N
488 CardHolderName N
489 CardNumber N
503 CardStartDate N
490 CardExpDate N
491 CardIssNo N
504 PaymentDate N
505 PaymentRemitterID N
<MessageTrailer> Y

 

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