OnixS
Dictionary icon

SettlType <63> field

FIX 5.0 SP2 EP276

Description

Type: String

Indicates order settlement period. If present, SettlDate <64> overrides this field. If both SettlType <63> and SettlDate <64> are omitted, the default for SettlType <63> is "0" (Regular)

Regular is defined as the default settlement period for the particular security on the exchange of execution.

In Fixed Income the contents of this field may influence the instrument definition if the SecurityID <48> is ambiguous. In the US an active Treasury offering may be re-opened, and for a time one CUSIP will apply to both the current and "when-issued" securities. Supplying a value of "7" clarifies the instrument description; any other value or the absence of this field should cause the respondent to default to the active issue.

Additionally the following patterns may be uses as well as enum values

Dx = FX tenor expression for "days", e.g. "D5", where "x" is any integer > 0
Mx = FX tenor expression for "months", e.g. "M3", where "x" is any integer > 0
Wx = FX tenor expression for "weeks", e.g. "W13", where "x" is any integer > 0
Yx = FX tenor expression for "years", e.g. "Y1", where "x" is any integer > 0

Noted that for FX the tenors expressed using Dx, Mx, Wx, and Yx values do not denote business days, but calendar days.

Valid values:

  • 0 = Regular / FX Spot settlement (T+1 or T+2 depending on currency)
  • 1 = Cash (TOD / T+0)
  • 2 = Next Day (TOM / T+1)
  • 3 = T+2
  • 4 = T+3
  • 5 = T+4
  • 6 = Future
  • 7 = When And If Issued
  • 8 = Sellers Option
  • 9 = T+5
  • B = Broken date - for FX expressing non-standard tenor, SettlDate <64> must be specified
  • C = FX Spot Next settlement (Spot+1, aka next day)
  • or any value conforming to the data type Tenor

Used In

OnixS
OnixS

Search the site