The Pay Collect Group component block is a repeatable block intended to report individual pay/collect items to be considered when calculating net settlement.
A Pay/Collect is a payment or collection of funds by the clearing house to/from a clearing firm for a specific reason. Pay/Collects are typically netted to a single amount and factored into the firm’s daily net settlement. Values are to be maintained by an external code list. The currency of the pay/collect amount may be optionally included.
Used in :
| Tag | Field Name | FIXML | Req'd | Comments | |||
|---|---|---|---|---|---|---|---|
| 1707 | NoPayCollects | PayCol | N |
Number of pay collect entries. |
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| => | 1708 | PayCollectType | @Typ | N |
Required if NoPayCollects > 0. |
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| => | 1709 | PayCollectCurrency | @Ccy | N |
Can be used to specify the base settlement currency if Currency(15) is not specified. |
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| => | 2955 | PayCollectCurrencyCodeSource | @CcySrc | N |
Identifies class or source of the PayCollectCurrency(1709) value. |
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| => | 2094 | PayCollectFXRate | @FxRt | N |
Foreign exchange rate used to compute the PayAmount(1710) or CollectAmount(1711) from the PayCollectCurrency(1709) and the Currency(15). |
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| => | 2095 | PayCollectFXRateCalc | @FxRtCalc | N |
Specifies whether or not PayCollectFXRate(2094) should be multipled or divided. |
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| => | 1710 | PayAmount | @PayAmt | N |
Amount to be paid by the clearinghouse to the clearing firm. |
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| => | 1711 | CollectAmount | @ColAmt | N |
Amount to be collected by the clearinghouse from the clearing firm. |
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| => | 1712 | PayCollectMarketSegmentID | @MktSegID | N |
Market segment associated with the pay collect amount. |
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| => | 1713 | PayCollectMarketID | @MktID | N |
Market associated with the pay collect amount. |
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