<PaymentGrp> component block

FIX 5.0 SP2 EP289

Description

The PaymentGrp is a repeating component used to report additional payments or bullet payments.

This component is positioned outside the Instrument component as it is used to specify payments based on the price and terms of the contract, e.g. upfront fee, premium amount, security lending fee and contract-based rebates.

When PaymentFrequencyUnit <43103> and PaymentFrequencyPeriod <43102> are specified the payments are deemed to be periodic for the specified PaymentType <40213>.

Structure

Tag		Field Name	Req'd	Comments
40212		NoPayments	N
→	40213	PaymentType	N	Required if NoPayments <40212> > 0.
→	40993	PaymentSubType	N
→	40214	PaymentPaySide	N
→	40215	PaymentReceiveSide	N
→	43087	PaymentDesc	N
→	40216	PaymentCurrency	N
→	40217	PaymentAmount	N	Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.
→	42598	PaymentAmountRelativeTo	N
→	42599	PaymentAmountDeterminationMethod	N
→	43097	PaymentFixedRate	N	Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.
→	43098	PaymentFloatingRateIndex	N	Either PaymentAmount <40217>, PaymentFixedRate <43097> or PaymentFloatingRateIndex <43098> must be specified.
→	43100	PaymentFloatingRateIndexCurveUnit	N	Conditionally required when PaymentFloatingRateIndexCurvePeriod <43099> is specified.
→	43099	PaymentFloatingRateIndexCurvePeriod	N	Conditionally required when PaymentFloatingRateIndexCurveUnit <43100> is specified.
→	43101	PaymentFloatingRateSpread	N	Conditionally required when PaymentFloatingRateIndex <43098> is specified and the spread to the index is not "zero". When the spread to the index is "zero" this may be omitted.
→	43105	PaymentRateResetFrequencyUnit	N	Conditionally required when PaymentRateResetFrequencyPeriod <43104> is specified.
→	43104	PaymentRateResetFrequencyPeriod	N	Conditionally required when PaymentRateResetFrequencyUnit <43105> is specified.
→	43103	PaymentFrequencyUnit	N	Conditionally required when PaymentFrequencyPeriod <43102> is specified.
→	43102	PaymentFrequencyPeriod	N	Conditionally required when PaymentFrequencyUnit <43103> is specified.
→	40218	PaymentPrice	N
→	40919	PaymentPriceType	N
→	41155	PaymentUnitOfMeasure	N
→	40219	PaymentDateUnadjusted	N
→	40220	PaymentBusinessDayConvention	N	When specified, this overrides the business day convention defined in the DateAdjustment component in Instrument. The specified value would be specific to this instance of the payment information.
→	Component Block - <PaymentBusinessCenterGrp>		N	When specified, this overrides the business centers defined in the DateAdjustment component in Instrument. The specified values would be specific to this instance of the payment information.
→	41156	PaymentDateRelativeTo	N
→	41157	PaymentDateOffsetPeriod	N	Conditionally required when PaymentDateOffsetUnit <41158> is specified.
→	41158	PaymentDateOffsetUnit	N	Conditionally required when PaymentDateOffsetPeriod <41157> is specified.
→	41159	PaymentDateOffsetDayType	N
→	40222	PaymentDateAdjusted	N
→	41160	PaymentForwardStartType	N
→	40224	PaymentDiscountFactor	N
→	40225	PaymentPresentValueAmount	N
→	40226	PaymentPresentValueCurrency	N
→	40227	PaymentSettlStyle	N
→	492	PaymentMethod	N
→	Component Block - <PaymentSettlGrp>		N
→	41304	PaymentLegRefID	N	Used to link a payment back to its parent InstrumentLeg by using the same value as the parent’s LegID <1788>.
→	40229	PaymentText	N
→	40984	EncodedPaymentTextLen	N	Must be set if EncodedPaymentText <40985> field is specified and must immediately precede it.
→	40985	EncodedPaymentText	N	Encoded (non-ASCII characters) representation of the PaymentText <40229> field in the encoded format specified via the MessageEncoding <347> field.

Used In