Tag 900
TotalNetValue
Abbreviation:
TotNetValuDescription
TotalNetValue is determined as follows:
At the initial collateral assignment TotalNetValue is the sum of (UnderlyingStartValue * (1-haircut)).
In a collateral substitution TotalNetValue is the sum of (UnderlyingCurrentValue * (1-haircut)).
For listed derivatives clearing margin management, this is the collateral value which equals (Market value * haircut)
Wire Format & Usage Example
Single field (key=value)
900=100000.00
In a FIX message (CollateralRequest)
8=FIX.4.4 | 9=... | 35=AX | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 900=100000.00 | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 900=100000.00 is this field's position in the message.