SettlementInstructionRequest
FIX Message SettlementInstructionRequest (MsgType=AV)
| MsgType | FIX Specification | First introduced |
|---|---|---|
| MsgType=AV | PostTrade messages - SettlementInstruction | FIX.4.4 |
The Settlement Instruction Request message is used to request standing settlement instructions from another party. This could be:
- A buyside firm requesting standing instructions from a sellside firm.
- A sellside firm requesting standing instructions from a buyside firm.
- A sellside or buyside firm requesting standing instructions from a third party central static data database.
- A third party central static data database requesting standing instructions from a sellside or buyside firm.
Settlement instructions can be requested for any combination of the following parameters (in addition to the party whose instructions are being requested):
- Country (of settlement)
- SecurityType (and/or CFI code)
- SettlDeliveryType (i.e. DVP vs. FOP)
- EffectiveTime (i.e. all instructions valid at any time from this date/time)
- Expiry Time (i.e. all instructions valid until this date/time)
- Last update time (i.e. all instructions created or updated since this date/time)
Alternatively, settlement instructions can be queried by reference to a database of standing instructions using the identifiers of that database as follows:
- Database id
- Database name
- Id of the settlement instructions on this database
The response to such a request should be a Settlement Instruction message with SettlInstTransType "New" containing all SSIs meeting the criteria specified in the Settlement Instruction request. If the request cannot be processed, the request should be rejected with a Settlement Instruction message with SettlInstTransType "Request rejected". Similarly, if the request returns no data, the request should be rejected with a Settlement Instruction message with SettlInstTransType "No matching data found".
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Notes
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