Tag 63
SettlType
Abbreviation:
SettlTypDescription
Indicates order settlement period. If present, SettlDate (64) overrides this field. If both SettlType (63) and SettDate (64) are omitted, the default for SettlType (63) is 0 (Regular)
Regular is defined as the default settlement period for the particular security on the exchange of execution.
In Fixed Income the contents of this field may influence the instrument definition if the SecurityID (48) is ambiguous. In the US an active Treasury offering may be re-opened, and for a time one CUSIP will apply to both the current and "when-issued" securities. Supplying a value of "7" clarifies the instrument description; any other value or the absence of this field should cause the respondent to default to the active issue.
Wire Format & Usage Example
Single field (key=value)
63=0 (Regular)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 63=0 (Regular) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 63=0 (Regular) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
63=0 | Regular | Regular |
63=1 | Cash | Cash |
63=2 | NextDay | Next Day (T+1) |
63=3 | TPlus2 | T+2 |
63=4 | TPlus3 | T+3 |
63=5 | TPlus4 | T+4 |
63=6 | Future | Future |
63=7 | WhenAndIfIssued | When And If Issued |
63=8 | SellersOption | Sellers Option |
63=9 | TPlus5 | T+ 5 |
Enumerated Values
10| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 0 | Regular | Regular | FIX.2.7 |
| 1 | Cash | Cash | FIX.2.7 |
| 2 | NextDay | Next Day (T+1) | FIX.2.7 |
| 3 | TPlus2 | T+2 | FIX.2.7 |
| 4 | TPlus3 | T+3 | FIX.2.7 |
| 5 | TPlus4 | T+4 | FIX.2.7 |
| 6 | Future | Future | FIX.2.7 |
| 7 | WhenAndIfIssued | When And If Issued | FIX.2.7 |
| 8 | SellersOption | Sellers Option | FIX.2.7 |
| 9 | TPlus5 | T+ 5 | FIX.3.0 |
Used in Messages
19JAllocationInstructionASAllocationReportkBidRequestlBidResponseAKConfirmationtCrossOrderCancelReplaceRequest8ExecutionReportACMultilegOrderCancelReplacesNewOrderCrossENewOrderListABNewOrderMultilegDNewOrderSingleGOrderCancelReplaceRequestSQuoteRQuoteRequestAGQuoteRequestRejectAJQuoteResponseAIQuoteStatusReportAETradeCaptureReport