The Settlement Instructions (T) message provides the broker's, the institution's, or the intermediary's instructions for trade settlement. The SettlInstSource (165) field indicates if the settlement instructions are the broker's, the institution's, or the intermediary's. This message has been designed so that it can be sent from the broker to the institution, from the institution to the broker, or from either to an independent "standing instructions" database or matching system or, for CIV, from an intermediary to a fund manager.
The Settlement Instructions (T) message can be used in one of three modes ( SettlInstMode (160) ):
See VOLUME 7 - "PRODUCT: COLLECTIVE INVESTMENT VEHICLES"
The Settlement Instruction detail can be either explicitly specified (via SecuritySettl* and CashSettl* fields) or can exist within an independent standing instructions database and can be referenced via the StandInstDbType (169) , StandInstDbName (170) , and StandInstDbID (171) fields.
See "Settlement Instructions Field Usage Matrix"
| Tag | Field Name | FIXML | Req'd | Comments | |||
|---|---|---|---|---|---|---|---|
| <Standard Message Header> | Y | MsgType = T | |||||
| 162 | SettlInstID | SettlInstID | Y | Unique message ID regardless of SettlInstMode (160) | |||
| 163 | SettlInstTransType | SettlInstTransType | Y | New, Replace, or Cancel | |||
| 214 | SettlInstRefID | SettlInstRefID | C | Required for Cancel and Replace SettlInstTransType (163) messages | |||
| 160 | SettlInstMode | SettlInstMode | Y | 1=Standing Instructions, 2=Specific Allocation Account Overriding, 3=Specific Allocation Account Standing , 4=Specific Order | |||
| 165 | SettlInstSource | SettlInstSource | Y | 1=Broker's Settlement Instructions, 2=Institution's Settlement Instructions , 3=Investor | |||
| 79 | AllocAccount | AllocAccount | C | Required for SettlInstMode (160) =1, 2, or 3 | |||
| 467 | IndividualAllocID | IndividualAllocID | N | ||||
| 11 | ClOrdID | ClOrdID | C | Required for SettlInstMode (160) =4. | |||
| 75 | TradeDate | TradeDate | C | Required for SettlInstMode (160) =2 or 3 | |||
| 70 | AllocID | AllocID | C | Required for SettlInstMode (160) =2 or 3 | |||
| 30 | LastMkt | LastMkt | C | Required for SettlInstMode (160) =2 or 3, may be required for SettlInstMode (160) =1 | |||
| 336 | TradingSessionID | TradingSessionID | N | ||||
| 625 | TradingSessionSubID | TradingSessionSubID | N | ||||
| 54 | Side | Side | C | Required for SettlInstMode (160) =2 or 3, may be required for SettlInstMode (160) =1 | |||
| 167 | SecurityType | SecurityType | N | May be required for SettlInstMode (160) =1 | |||
| 168 | EffectiveTime | EffectiveTime | N | May be required for SettlInstMode (160) =1 (timestamp when it goes in to effect) | |||
| 60 | TransactTime | TransactTime | Y | Date/Time Settlement Instructions were generated | |||
| <Parties> | N | ||||||
| 169 | StandInstDbType | StandInstDbType | N | 1=DTC SID, 2=Thomson ALERT, 3=Global Custodian's, etc. | |||
| 170 | StandInstDbName | StandInstDbName | N | Name of StandInstDbType (169) (i.e. DTC, Global Custodian's name) | |||
| 171 | StandInstDbID | StandInstDbID | N | Identifier used within the StandInstDbType (169) | |||
| 172 | SettlDeliveryType | SettlDeliveryType | N | ||||
| 173 | SettlDepositoryCode | SettlDepositoryCode | N | Applicable when PartyRole (452) ="Settlement Location" and PartyID (448) value is a depository | |||
| 174 | SettlBrkrCode | SettlBrkrCode | N | ||||
| 175 | SettlInstCode | SettlInstCode | N | ||||
| 176 | SecuritySettlAgentName | SecuritySettlAgentName | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 177 | SecuritySettlAgentCode | SecuritySettlAgentCode | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 178 | SecuritySettlAgentAcctNum | SecuritySettlAgentAcctNum | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 179 | SecuritySettlAgentAcctName | SecuritySettlAgentAcctName | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 180 | SecuritySettlAgentContactName | SecuritySettlAgentContactName | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 181 | SecuritySettlAgentContactPhone | SecuritySettlAgentContactPhone | N | Applicable when settlement is being performed at a country vs. a depository | |||
| 182 | CashSettlAgentName | CashSettlAgentName | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 183 | CashSettlAgentCode | CashSettlAgentCode | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 184 | CashSettlAgentAcctNum | CashSettlAgentAcctNum | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 185 | CashSettlAgentAcctName | CashSettlAgentAcctName | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 186 | CashSettlAgentContactName | CashSettlAgentContactName | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 187 | CashSettlAgentContactPhone | CashSettlAgentContactPhone | N | Applicable when SettlDeliveryType (172) =Free. For CIV - applicable when settlement is between fund manager and intermediary, investor etc. | |||
| 492 | PaymentMethod | PaymentMethod | N | ||||
| 476 | PaymentRef | PaymentRef | N | ||||
| 488 | CardHolderName | CardHolderName | N | ||||
| 489 | CardNumber | CardNumber | N | ||||
| 503 | CardStartDate | CardStartDate | N | ||||
| 490 | CardExpDate | CardExpDate | N | ||||
| 491 | CardIssNum | CardIssNum | N | ||||
| 504 | PaymentDate | PaymentDate | N | ||||
| 505 | PaymentRemitterID | PaymentRemitterID | N | ||||
| <Standard Message Trailer> | Y | ||||||
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