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.
<SettlObligationInstructions>			Y
<Standard Message Trailer>			Y

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