SettlementInstructions message – FIX.4.2 – FIX Reference

MsgTypeT

CategorySettlementInstruction

SectionPostTrade

AddedFIX.4.1

Fields66

Components2

The Settlement Instructions message provides either the broker’s or the institution’s instructions for trade settlement.

Message Structure

66 fields, 2 components/groups — click any tag or field name for details

Tag

Name

Type

Req

Description

Added

◈ StandardHeader [Component]

MsgType = T

FIX.4.1

BeginString

String

FIX.4.2 (Always unencrypted, must be first field in message)

FIX.4.0

BodyLength

int

(Always unencrypted, must be second field in message)

FIX.4.0

MsgType

String

(Always unencrypted, must be third field in message)

▶ 46 enum values

Value	Name	Description
0	Heartbeat	Heartbeat
1	TestRequest	Test Request
2	ResendRequest	Resend Request
3	Reject	Reject
4	SequenceReset	Sequence Reset
5	Logout	Logout
6	IOI	Indication of Interest
7	Advertisement	Advertisement
8	ExecutionReport	Execution Report
9	OrderCancelReject	Order Cancel Reject
a	QuoteStatusRequest	Quote Status Request
A	Logon	Logon
B	News	News
b	MassQuoteAcknowledgement	Quote Acknowledgement
C	Email	Email
c	SecurityDefinitionRequest	Security Definition Request
D	NewOrderSingle	Order Single
d	SecurityDefinition	Security Definition
E	NewOrderList	Order List
e	SecurityStatusRequest	Security Status Request
f	SecurityStatus	Security Status
F	OrderCancelRequest	Order Cancel Request
G	OrderCancelReplaceRequest	Order Cancel/Replace Request
g	TradingSessionStatusRequest	Trading Session Status Request
H	OrderStatusRequest	Order Status Request
h	TradingSessionStatus	Trading Session Status
i	MassQuote	Mass Quote
j	BusinessMessageReject	Business Message Reject
J	AllocationInstruction	Allocation
K	ListCancelRequest	List Cancel Request
k	BidRequest	Bid Request
l	BidResponse	Bid Response (lowercase L)
L	ListExecute	List Execute
m	ListStrikePrice	List Strike Price
M	ListStatusRequest	List Status Request
N	ListStatus	List Status
P	AllocationInstructionAck	Allocation ACK
Q	DontKnowTrade	Dont Know Trade (DK)
R	QuoteRequest	Quote Request
S	Quote	Quote
T	SettlementInstructions	Settlement Instructions
V	MarketDataRequest	Market Data Request
W	MarketDataSnapshotFullRefresh	Market Data-Snapshot/Full Refresh
X	MarketDataIncrementalRefresh	Market Data-Incremental Refresh
Y	MarketDataRequestReject	Market Data Request Reject
Z	QuoteCancel	Quote Cancel

FIX.4.0

SenderCompID

String

(Always unencrypted)

FIX.4.0

TargetCompID

String

(Always unencrypted)

FIX.4.0

115

OnBehalfOfCompID

String

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

128

DeliverToCompID

String

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

SecureDataLen

Length

Required to identify length of encrypted section of message. (Always unencrypted)

FIX.4.0

SecureData

data

Required when message body is encrypted. Always immediately follows SecureDataLen field.

FIX.4.0

MsgSeqNum

int

(Can be embedded within encrypted data section.)

FIX.4.0

SenderSubID

String

(Can be embedded within encrypted data section.)

FIX.4.0

142

SenderLocationID

String

Sender's LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

TargetSubID

String

"ADMIN" reserved for administrative messages not intended for a specific user. (Can be embedded within encrypted data section.)

FIX.4.0

143

TargetLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

116

OnBehalfOfSubID

String

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

144

OnBehalfOfLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

129

DeliverToSubID

String

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

145

DeliverToLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

PossDupFlag

Boolean

Always required for retransmitted messages, whether prompted by the sending system or as the result of a resend request. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleDuplicate	Possible duplicate

FIX.4.0

PossResend

Boolean

Required when message may be duplicate of another message sent under a different sequence number. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleResend	Possible resend

FIX.4.0

SendingTime

UTCTimestamp

(Can be embedded within encrypted data section.)

FIX.4.0

122

OrigSendingTime

UTCTimestamp

Required for message resent as a result of a ResendRequest. If data is not available set to same value as SendingTime (Can be embedded within encrypted data section.)

FIX.4.0

212

XmlDataLen

Length

Required when specifying XmlData to identify the length of a XmlData message block. (Can be embedded within encrypted data section.)

FIX.4.2

213

XmlData

data

Can contain a XML formatted message block (e.g. FIXML). Always immediately follows XmlDataLen field. (Can be embedded within encrypted data section.) See Appendix M – FIXML Support

FIX.4.2

347

MessageEncoding

String

Type of message encoding (non-ASCII characters) used in a message’s "Encoded" fields. Required if any "Encoding" fields are used.

▶ 4 enum values

Value	Name	Description
EUC-JP	EUCJP	(for using EUC)
ISO-2022-JP	ISO2022JP	(for using JIS)
Shift_JIS	ShiftJIS	(for using SJIS)
UTF-8	UTF8	(for using Unicode)

FIX.4.2

369

LastMsgSeqNumProcessed

int

The last MsgSeqNum value received and processed. Can be specified on every message sent. Useful for detecting a backlog with a counterparty.

FIX.4.2

370

OnBehalfOfSendingTime

UTCTimestamp

Used when a message is sent via a "hub" or "service bureau". If A sends to Q (the hub) who then sends to B via a separate FIX session, then when Q sends to B the value of this field should represent the SendingTime on the message A sent to Q. (always expressed in UTC (Universal Time Coordinated, also known as "GMT")

FIX.4.2

162

SettlInstID

String

Unique message ID regardless of SettlInstMode

FIX.4.1

163

SettlInstTransType

char

New, Replace, or Cancel

▶ 3 enum values

Value	Name	Description
C	Cancel	Cancel
N	New	New
R	Replace	Replace

FIX.4.1

214

SettlInstRefID

String

Required for Cancel and Replace SettlInstTransType messages

FIX.4.2

160

SettlInstMode

char

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

▶ 4 enum values

Value	Name	Description
0	Default	Default
1	StandingInstructionsProvided	Standing Instructions Provided
2	SpecificAllocationAccountOverriding	Specific Allocation Account Overriding
3	SpecificAllocationAccountStanding	Specific Allocation Account Standing

FIX.4.1

165

SettlInstSource

char

1=Broker’s Settlement Instructions, 2=Institution’s Settlement Instructions

▶ 2 enum values

Value	Name	Description
1	BrokerCredit	Brokers Instructions
2	Institution	Institutions Instructions

FIX.4.1

AllocAccount

String

Required for SettlInstMode=1, 2, or 3

FIX.4.1

166

SettlLocation

String

Required for SettlInstMode=2 or 3, may be required for SettlInstMode=1 (i.e. may not be required if StandInstDbType and StandInstDbID are used)

▶ 7 enum values

Value	Name	Description
CED	CEDEL	CEDEL
DTC	DepositoryTrustCompany	Depository Trust Company
EUR	EuroClear	Euroclear
FED	FederalBookEntry	Federal Book Entry
ISO Country Code	LocalMarketSettleLocation	Local Market Settle Location
PNY	Physical	Physical
PTC	ParticipantTrustCompany	Participant Trust Company

FIX.4.1

TradeDate

LocalMktDate

Required for SettlInstMode=2 or 3

FIX.4.1

AllocID

String

Required for SettlInstMode=2 or 3

FIX.4.1

LastMkt

Exchange

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

FIX.4.1

336

TradingSessionID

String

Identifier for Trading Session Can be used to represent a specific market trading session (e.g. "PRE-OPEN", "CROSS_2", "AFTER-HOURS", "TOSTNET1", "TOSTNET2", etc). Values should be bi-laterally agreed to between counterparties.

FIX.4.2

Side

char

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

▶ 9 enum values

Value	Name	Description
1	Buy	Buy
2	Sell	Sell
3	BuyMinus	Buy minus
4	SellPlus	Sell plus
5	SellShort	Sell short
6	SellShortExempt	Sell short exempt
7	Undisclosed	Undisclosed (valid for IOI and List Order messages only)
8	Cross	Cross (orders where counterparty is an exchange, valid for all messages except IOIs)
9	CrossShort	Cross short

FIX.4.1

167

SecurityType

String

May be required for SettlInstMode=1

▶ 33 enum values

Value	Name	Description
?	Wildcard	Wildcard entry (used on Security Definition Request message)
BA	BankersAcceptance	Bankers Acceptance
CB	ConvertibleBond	Convertible Bond (Note not part of ISITC spec)
CD	CertificateOfDeposit	Certificate Of Deposit
CMO	CollateralizedMortgageObligation	Collateralize Mortgage Obligation
CORP	CorporateBond	Corporate Bond
CP	CommercialPaper	Commercial Paper
CPP	CorporatePrivatePlacement	Corporate Private Placement
CS	CommonStock	Common Stock
FHA	FederalHousingAuthority	Federal Housing Authority
FHL	FederalHomeLoan	Federal Home Loan
FN	FederalNationalMortgageAssociation	Federal National Mortgage Association
FOR	ForeignExchangeContract	Foreign Exchange Contract
FUT	Future	Future
GN	GovernmentNationalMortgageAssociation	Government National Mortgage Association
GOVT	TreasuriesAgencyDebenture	Treasuries + Agency Debenture
IET	IOETTEMortgage	Mortgage IOETTE
MF	MutualFund	Mutual Fund
MIO	MortgageInterestOnly	Mortgage Interest Only
MPO	MortgagePrincipalOnly	Mortgage Principal Only
MPP	MortgagePrivatePlacement	Mortgage Private Placement
MPT	MiscellaneousPassThrough	Miscellaneous Pass-Thru
MUNI	MunicipalBond	Municipal Bond
NONE	NoSecurityType	No ISITC Security Type
OPT	Option	Option
PS	PreferredStock	Preferred Stock
RP	RepurchaseAgreement	Repurchase Agreement
RVRP	ReverseRepurchaseAgreement	Reverse Repurchase Agreement
SL	StudentLoanMarketingAssociation	Student Loan Marketing Association
TD	TimeDeposit	Time Deposit
USTB	USTreasuryBillOld	US Treasury Bill
WAR	Warrant	Warrant
ZOO	CatsTigersAndLions	Cats, Tigers & Lions (a real code: US Treasury Receipts)

FIX.4.1

168

EffectiveTime

UTCTimestamp

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

FIX.4.1

TransactTime

UTCTimestamp

Date/Time Settlement Instructions were generated

FIX.4.1

109

ClientID

String

Used for firm identification in third-party transactions (should not be a substitute for OnBehalfOfCompID/DeliverToCompID).

FIX.4.1

ExecBroker

String

Used for firm identification in third-party transactions (should not be a substitute for OnBehalfOfCompID/DeliverToCompID).

FIX.4.1

169

StandInstDbType

int

1=DTC SID, 2=Thomson ALERT, 3=Global Custodian’s, etc.

▶ 4 enum values

Value	Name	Description
0	Other	Other
1	DTCSID	DTC SID
2	ThomsonALERT	Thomson ALERT
3	AGlobalCustodian	A Global Custodian (StandInstDbName must be provided)

FIX.4.1

170

StandInstDbName

String

Name of StandInstDbType (i.e. DTC, Global Custodian’s name)

FIX.4.1

171

StandInstDbID

String

Identifier used within the StandInstDbType

FIX.4.1

172

SettlDeliveryType

int

Identifies type of settlement

FIX.4.1

173

SettlDepositoryCode

String

Applicable when SettlLocation is a depository

FIX.4.1

174

SettlBrkrCode

String

BIC (Bank Identification Code—Swift managed) code of the broker involved (i.e. for multi-company brokerage firms)

FIX.4.1

175

SettlInstCode

String

BIC (Bank Identification Code—Swift managed) code of the institution involved (i.e. for multi-company institution firms)

FIX.4.1

176

SecuritySettlAgentName

String