Settlement Obligation Report (MsgType = BQ, FIXML = SettlObligation)

The Settlement Obligation Report message provides a central counterparty, institution, or individual counterparty with a capacity for reporting the final details of a currency settlement obligation. The settlement obligation is intended to be used for auxiliary reporting of settlement details that will be conducted over SWIFT or CLS in order to affect the instructions. The Settlement Obligation Report message is designed to allow multiple FX deals to be aggregated and netted into a single instruction to simplify the reporting process.

The Settlement Obligation message can be used in one of two modes (SettlObligMode):

Preliminary - the instructions have been generated prior to final cutoff and information is still subject to change up until cutoff has been reached
Final - the instructions have been generated with final settlement information which cannot subsequently be changed for the current settlement period

See VOLUME 7 - "PRODUCT: FOREIGN EXCHANGE" section for more detailed usage notes for this message type.

Tag			Field Name	FIXML	Req'd	Comments
<Standard Message Header>					Y	MsgType = BQ
<ApplicationSequenceControl>					N
715			ClearingBusinessDate	@BizDt	N
1153			SettlementCycleNo	@CycleNo	N	Settlement cycle in which the settlement obligation was generated
1160			SettlObligMsgID	@SettlMsgID	Y	Unique identifier for this message
1159			SettlObligMode	@SettlMode	Y	Used to identify the reporting mode of the settlement obligation which is either preliminary or final
58			Text	@Txt	N	Can be used to provide any additional rejection text where rejecting a Settlement Instruction Request message.
354			EncodedTextLen	@EncTxtLen	C	Must be set if EncodedText (355) field is specified and must immediately precede it.
355			EncodedText	@EncTxt	C	Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field.
60			TransactTime	@TxnTm	N	Time when the Settlemnt Obligation Report was created.
1165			NoSettlOblig	SettlObligInst	N	Number of Settlement Obligations
=>	430		NetGrossInd	@NetGrossInd	C
=>	1161		SettlObligID	@SettlID	C	Unique ID for this settlement instruction
=>	1162		SettlObligTransType	@SettlTransTyp	N	New, Replace, Cancel, or Restate
=>	1163		SettlObligRefID	@SettlRefID	C	Required where SettlObligTransType(1162) is Cancel or Replace. The SettlObligID(1161) of the settlement obligation being canceled or replaced.
=>	1157		CcyAmt	@CcyAmt	N	Net flow of currency 1
=>	119		SettlCurrAmt	@SettlCurrAmt	N	Net flow of currency 2
=>	15		Currency	@Ccy	N	Currency 1 in the stated currency pair, the dealt currency
=>	120		SettlCurrency	@SettlCcy	N	Currency 2 in the stated currency pair, the contra currency
=>	155		SettlCurrFxRate	@SettlCurrFxRt	N	Derived rate of Ccy2 per Ccy1 based on netting
=>	64		SettlDate	@SettlDt	N	Value Date
=>	<Instrument>				N	Used to express the instrument in which settlement is taking place
=>	<Parties>				N
=>	168		EffectiveTime	@EfctvTm	N	Effective (start) date/time for this settlement instruction
=>	126		ExpireTime	@ExpireTm	N	Termination date/time for this settlement instruction.
=>	779		LastUpdateTime	@LastUpdateTm	N	Date/time this settlement instruction was last updated (or created if not updated since creation).
=>	1158		NoSettlDetails	SettlDetails	N	Number of settlement parties
=>	=>	1164	SettlObligSource	@SettlSrc	C	Indicates the Source of the Settlement Instructions
=>	=>	<SettlParties>			N	Carries settlement account information
<Standard Message Trailer>					Y