Description
The Pay Collect Group component block is a repeatable block intended to report individual pay/collect items to be considered when calculating net settlement.
A Pay/Collect is a payment or collection of funds by the clearing house to/from a clearing firm for a specific reason. Pay/Collects are typically netted to a single amount and factored into the firm’s daily net settlement. Values are to be maintained by an external code list. The currency of the pay/collect amount may be optionally included.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| 1707 | NoPayCollects | N | ||
| → | 1708 | PayCollectType | N |
Required if NoPayCollects > 0. |
| → | 1709 | PayCollectCurrency | N |
Can be used to specify the base settlement currency if Currency <15> is not specified. |
| → | 2955 | PayCollectCurrencyCodeSource | N | |
| → | 2094 | PayCollectFXRate | N | |
| → | 2095 | PayCollectFXRateCalc | N | |
| → | 1710 | PayAmount | N | |
| → | 1711 | CollectAmount | N | |
| → | 1712 | PayCollectMarketSegmentID | N | |
| → | 1713 | PayCollectMarketID | N | |