Tag 496
RegistRejReasonText
Abbreviation:
RejRsnTxtDescription
Text indicating reason(s) why a Registration Instruction has been rejected.
Wire Format & Usage Example
Single field (key=value)
496=Order rejected: insufficient funds
In a FIX message (RegistrationInstructionsResponse)
8=FIX.4.4 | 9=... | 35=p | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 496=Order rejected: insufficient funds | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 496=Order rejected: insufficient funds is this field's position in the message.