TotalNetValue <900> field – FIX 5.0 – FIX Dictionary

Used In

Description

TotalNetValue is determined as follows:

At the initial collateral assignment TotalNetValue <900> is the sum of (UnderlyingStartValue <884> * (1-haircut)).

In a collateral substitution TotalNetValue <900> is the sum of (UnderlyingCurrentValue <885> * (1-haircut)).

For listed derivatives clearing margin management, this is the collateral value which equals (Market value * haircut)

Used In

• CollateralRequest <AX>

• CollateralAssignment <AY>

• CollateralResponse <AZ>

• CollateralReport <BA>

• CollateralInquiry <BB>