Tag 898
MarginRatio
Abbreviation:
MgnRatioDescription
The fraction of the cash consideration that must be collateralized, expressed as a percent. A MarginRatio of 02% indicates that the value of the collateral (after deducting for "haircut") must exceed the cash consideration by 2%.
Wire Format & Usage Example
Single field (key=value)
898=0.05
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 898=0.05 | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 898=0.05 is this field's position in the message.
Used in Messages
28JAllocationInstructionBMAllocationInstructionAlertASAllocationReportAYCollateralAssignmentBBCollateralInquiryBGCollateralInquiryAckBACollateralReportAXCollateralRequestAZCollateralResponseAKConfirmation8ExecutionReport6IOIDNewOrderSingleGOrderCancelReplaceRequestFOrderCancelRequestHOrderStatusRequestSQuoteZQuoteCancelRQuoteRequestAGQuoteRequestRejectAJQuoteResponseAIQuoteStatusReportaQuoteStatusRequestySecurityListxSecurityListRequestBKSecurityListUpdateReportAETradeCaptureReportADTradeCaptureReportRequest