SettlementInstructions message – FIX.4.3 – FIX Reference

MsgTypeT

CategorySettlementInstruction

SectionPostTrade

AddedFIX.4.1

Fields84

Components3

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

Message Structure

84 fields, 3 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.4.3 (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)

▶ 68 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
AA	DerivativeSecurityList	Derivative Security List
AB	NewOrderMultileg	New Order - Multileg
AC	MultilegOrderCancelReplace	Multileg Order Cancel/Replace (a.k.a. Multileg Order Modification Request)
AD	TradeCaptureReportRequest	Trade Capture Report Request
AE	TradeCaptureReport	Trade Capture Report
AF	OrderMassStatusRequest	Order Mass Status Request
AG	QuoteRequestReject	Quote Request Reject
AH	RFQRequest	RFQ Request
AI	QuoteStatusReport	Quote Status Report
b	MassQuoteAcknowledgement	Mass Quote Acknowledgement
B	News	News
c	SecurityDefinitionRequest	Security Definition Request
C	Email	Email
d	SecurityDefinition	Security Definition
D	NewOrderSingle	Order Single
e	SecurityStatusRequest	Security Status Request
E	NewOrderList	Order List
f	SecurityStatus	Security Status
F	OrderCancelRequest	Order Cancel Request
G	OrderCancelReplaceRequest	Order Cancel/Replace Request
g	TradingSessionStatusRequest	Trading Session Status Request
h	TradingSessionStatus	Trading Session Status
H	OrderStatusRequest	Order Status Request
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
n	XMLNonFIX	XML message (e.g. non-FIX MsgType)
o	RegistrationInstructions	Registration Instructions
P	AllocationInstructionAck	Allocation ACK
p	RegistrationInstructionsResponse	Registration Instructions Response
q	OrderMassCancelRequest	Order Mass Cancel Request
Q	DontKnowTrade	Dont Know Trade (DK)
r	OrderMassCancelReport	Order Mass Cancel Report
R	QuoteRequest	Quote Request
s	NewOrderCross	New Order - Cross
S	Quote	Quote
t	CrossOrderCancelReplaceRequest	Cross Order Cancel/Replace Request (a.k.a. Cross Order Modification Request)
T	SettlementInstructions	Settlement Instructions
u	CrossOrderCancelRequest	Cross Order Cancel Request
v	SecurityTypeRequest	Security Type Request
V	MarketDataRequest	Market Data Request
w	SecurityTypes	Security Types
W	MarketDataSnapshotFullRefresh	Market Data-Snapshot/Full Refresh
x	SecurityListRequest	Security List Request
X	MarketDataIncrementalRefresh	Market Data-Incremental Refresh
y	SecurityList	Security List
Y	MarketDataRequestReject	Market Data Request Reject
z	DerivativeSecurityListRequest	Derivative Security List Request
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 Volume 1: "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
UTF-8	UTF8	(for using Unicode)
ISO-2022-JP	ISO2022JP	(for using JIS)
EUC-JP	EUCJP	(for using EUC)
Shift_JIS	ShiftJIS	(for using SJIS)

FIX.4.2

369

LastMsgSeqNumProcessed

int

The last MsgSeqNum value received by the FIX engine and processed by downstream application, such as trading system or order routing system. Can be specified on every message sent. Useful for detecting a backlog with a counterparty.

FIX.4.2

370

OnBehalfOfSendingTime

UTCTimestamp

(deprecated) 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

627

Tag627

Number of repeating groups of historical "hop" information. Only applicable if OnBehalfOfCompID is used, however, its use is optional. Note that some market regulations or counterparties may require tracking of message hops.

FIX.4.3

628

Tag628

Third party firm which delivered a specific message either from the firm which originated the message or from another third party (if multiple "hops" are performed). It is recommended that this value be the SenderCompID (49) of the third party.

FIX.4.3

629

Tag629

Time that HopCompID (628) sent the message. It is recommended that this value be the SendingTime (52) of the message sent by the third party.

FIX.4.3

630

Tag630

Reference identifier assigned by HopCompID (628) associated with the message sent. It is recommended that this value be the MsgSeqNum (34) of the message sent by the third party.

FIX.4.3

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
N	New	New
R	Replace	Replace
C	Cancel	Cancel

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=Specific Order

▶ 5 enum values

Value	Name	Description
0	Default	Default
4	SpecificOrderForASingleAccount	Specific Order for a single account (for CIV)
3	SpecificAllocationAccountStanding	Specific Allocation Account Standing
1	StandingInstructionsProvided	Standing Instructions Provided
2	SpecificAllocationAccountOverriding	Specific Allocation Account Overriding

FIX.4.1

165

SettlInstSource

char

1=Broker’s Settlement Instructions, 2=Institution’s Settlement Instructions , 3=Investor

▶ 3 enum values

Value	Name	Description
2	Institution	Institutions Instructions
3	Investor	Investor (e.g. CIV use)
1	BrokerCredit	Brokers Instructions

FIX.4.1

AllocAccount

String

Required for SettlInstMode=1, 2, or 3

FIX.4.1

467

Tag467

—

FIX.4.3

ClOrdID

String

Required for SettlInstMode=4.

FIX.4.3

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

625

Tag625

—

FIX.4.3

Side

char

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

▶ 12 enum values

Value	Name	Description
6	SellShortExempt	Sell short exempt
B	AsDefined	As Defined (for use with multileg instruments)
C	Opposite	Opposite (for use with multileg instruments)
8	Cross	Cross (orders where counterparty is an exchange, valid for all messages except IOIs)
9	CrossShort	Cross short
1	Buy	Buy
2	Sell	Sell
3	BuyMinus	Buy minus
4	SellPlus	Sell plus
A	CrossShortExempt	Cross short exempt
5	SellShort	Sell short
7	Undisclosed	Undisclosed (valid for IOI and List Order messages only)

FIX.4.1

167

SecurityType

String

May be required for SettlInstMode=1

▶ 82 enum values

Value	Name	Description
CP	CommercialPaper	Commercial Paper
VRDN	VariableRateDemandNote	Variable Rate Demand Note
PZFJ	PlazosFijos	Plazos Fijos
PN	PromissoryNote	Promissory Note
ONITE	Overnight	Overnight
MTN	MediumTermNotes	Medium Term Notes
TECP	TaxExemptCommercialPaper	Tax Exempt Commercial Paper
AMENDED	Amended	Amended & Restated
BRIDGE	BridgeLoan	Bridge Loan
LOFC	LetterOfCredit	Letter of Credit
SWING	SwingLineFacility	Swing Line Facility
DINP	DebtorInPossession	Debtor in Possession
DEFLTED	Defaulted	Defaulted
WITHDRN	Withdrawn	Withdrawn
LQN	LiquidityNote	Liquidity Note
MATURED	Matured	Matured
DN	DepositNotes	Deposit Notes
RETIRED	Retired	Retired
BA	BankersAcceptance	Bankers Acceptance
BN	BankNotes	Bank Notes
BOX	BillOfExchanges	Bill of Exchanges
CD	CertificateOfDeposit	Certificate of Deposit
CL	CallLoans	Call Loans
REPLACD	Replaced	Replaced
MT	MandatoryTender	Mandatory Tender
RVLVTRM	Revolver	Revolver/Term Loan
MPP	MortgagePrivatePlacement	Mortgage Private Placement
STN	ShortTermLoanNote	Short Term Loan Note
MPT	MiscellaneousPassThrough	Miscellaneous Pass-through
TBA	ToBeAnnounced	To be Announced
AN	OtherAnticipationNotes	Other Anticipation Notes BAN, GAN, etc.
MIO	MortgageInterestOnly	Mortgage Interest Only
COFP	CertificateOfParticipation	Certificate of Participation
MBS	MortgageBackedSecurities	Mortgage-backed Securities
REV	RevenueBonds	Revenue Bonds
SPCLA	SpecialAssessment	Special Assessment
SPCLO	SpecialObligation	Special Obligation
SPCLT	SpecialTax	Special Tax
TAN	TaxAnticipationNote	Tax Anticipation Note
TAXA	TaxAllocation	Tax Allocation
COFO	CertificateOfObligation	Certificate of Obligation
TD	TimeDeposit	Time Deposit
GO	GeneralObligationBonds	General Obligation Bonds
?	Wildcard	Wildcard entry (used on Security Definition Request message)
WAR	Warrant	Warrant
MF	MutualFund	Mutual Fund (i.e. any kind of open-ended Collective Investment Vehicle)
MLEG	MultilegInstrument	Multi-leg instrument (e.g. options strategy or futures spread. CFICode can be used to identify if options-based, futures-based, etc.)
TRAN	TaxRevenueAnticipationNote	Tax & Revenue Anticipation Note
MPO	MortgagePrincipalOnly	Mortgage Principal Only
RP	RepurchaseAgreement	Repurchase Agreement
NONE	NoSecurityType	No Security Type
XCN	ExtendedCommNote	Extended Comm Note
POOL	AgencyPools	Agency Pools
ABS	AssetBackedSecurities	Asset-backed Securities
CMBS	Corp	Corp. Mortgage-backed Securities
CMO	CollateralizedMortgageObligation	Collateralized Mortgage Obligation
IET	IOETTEMortgage	IOETTE Mortgage
RVRP	ReverseRepurchaseAgreement	Reverse Repurchase Agreement
FOR	ForeignExchangeContract	Foreign Exchange Contract
RAN	RevenueAnticipationNote	Revenue Anticipation Note
RVLV	RevolverLoan	Revolver Loan
FAC	FederalAgencyCoupon	Federal Agency Coupon
FADN	FederalAgencyDiscountNote	Federal Agency Discount Note
PEF	PrivateExportFunding	Private Export Funding
CORP	CorporateBond	Corporate Bond
CPP	CorporatePrivatePlacement	Corporate Private Placement
CB	ConvertibleBond	Convertible Bond
DUAL	DualCurrency	Dual Currency
XLINKD	IndexedLinked	Indexed Linked
YANK	YankeeCorporateBond	Yankee Corporate Bond
CS	CommonStock	Common Stock
PS	PreferredStock	Preferred Stock
BRADY	BradyBond	Brady Bond
TBOND	USTreasuryBond	US Treasury Bond
TINT	InterestStripFromAnyBondOrNote	Interest strip from any bond or note
TIPS	TreasuryInflationProtectedSecurities	Treasury Inflation Protected Securities
TCAL	PrincipalStripOfACallableBondOrNote	Principal strip of a callable bond or note
TPRN	PrincipalStripFromANonCallableBondOrNote	Principal strip from a non-callable bond or note
UST	USTreasuryNoteOld	US Treasury Note/Bond
USTB	USTreasuryBillOld	US Treasury Bill
TERM	TermLoan	Term Loan
STRUCT	StructuredNotes	Structured Notes

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

⟳ Parties [Repeating Group]

Insert here the set of "Parties" (firm identification) fields defined in "COMMON COMPONENTS OF APPLICATION MESSAGES"

FIX.4.3

453

Tag453

Repeating group below should contain unique combinations of PartyID, PartyIDSource, and PartyRole

FIX.4.3

448

Tag448

Used to identify source of PartyID. Required if PartyIDSource is specified. Required if NoPartyIDs > 0.

FIX.4.3

447

Tag447

Used to identify class source of PartyID value (e.g. BIC). Required if PartyID is specified. Required if NoPartyIDs > 0.

▶ 15 enum values

Value	Name	Description
5	ChineseInvestorID	Chinese B Share (Shezhen and Shanghai)
8	USEmployerOrTaxIDNumber	US Employer Identification Number
A	AustralianTaxFileNumber	Australian Tax File Number
9	AustralianBusinessNumber	Australian Business Number
E	ISOCountryCode	ISO Country Code
B	BIC	BIC (Bank Identification CodeSwift managed) code (ISO 9362 - See Appendix 6-B)
7	USSocialSecurityNumber	US Social Security Number
D	Proprietary	Proprietary/Custom code
F	SettlementEntityLocation	Settlement Entity Location (note if Local Market Settlement use E = ISO Country Code) (see Appendix 6-G for valid values)
1	KoreanInvestorID	Korean Investor ID
2	TaiwaneseForeignInvestorID	Taiwanese Qualified Foreign Investor ID QFII / FID
3	TaiwaneseTradingAcct	Taiwanese Trading Account
4	MalaysianCentralDepository	Malaysian Central Depository (MCD) number
6	UKNationalInsuranceOrPensionNumber	UK National Insurance or Pension Number
C	GeneralIdentifier	Generally accepted market participant identifier (e.g. NASD mnemonic)

FIX.4.3

452

Tag452

Identifies the type of PartyID (e.g. Executing Broker). Required if NoPartyIDs > 0.

▶ 20 enum values

Value	Name	Description
15	CorrespondantClearingFirm	Correspondant Clearing Firm
3	ClientID	Client ID (formerly FIX 4.2 ClientID)
20	UnderlyingContraFirm	Underlying Contra Firm
19	SponsoringFirm	Sponsoring Firm
18	ContraClearingFirm	Contra Clearing Firm
17	ContraFirm	Contra Firm
16	ExecutingSystem	Executing System
7	EnteringFirm	Entering Firm
1	ExecutingFirm	Executing Firm (formerly FIX 4.2 ExecBroker)
2	BrokerOfCredit	Broker of Credit (formerly FIX 4.2 BrokerOfCredit)
5	InvestorID	Investor ID
6	IntroducingFirm	Introducing Firm
14	GiveupClearingFirm	Giveup Clearing Firm (firm to which trade is given up)
8	Locate	Locate/Lending Firm (for short-sales)
9	FundManagerClientID	Fund manager Client ID (for CIV)
10	SettlementLocation	Settlement Location (formerly FIX 4.2 SettlLocation)
11	OrderOriginationTrader	Order Origination Trader (associated with Order Origination Firm e.g. trader who initiates/submits the order)
12	ExecutingTrader	Executing Trader (associated with Executing Firm - actually executes)
13	OrderOriginationFirm	Order Origination Firm (e.g. buyside firm)
4	ClearingFirm	Clearing Firm (formerly FIX 4.2 ClearingFirm)

FIX.4.3

523

Tag523

Sub-identifier (e.g. Clearing Acct for PartyID=Clearing Firm) if applicable

FIX.4.3

end Parties

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
3	AGlobalCustodian	A Global Custodian (StandInstDbName must be provided)
2	ThomsonALERT	Thomson ALERT

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

▶ 2 enum values

Value	Name	Description
1	Free	Free
0	Versus	Versus Payment

FIX.4.1

173

SettlDepositoryCode

String

Applicable when PartyRole="Settlement Location" and PartyID value 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