<QuotReqLegsGrp> Component Block

Used in :

Tag Field Name FIXML Req'd Comments
555 NoLegs Leg N Required for multileg quotes.
=> <InstrumentLeg> C

Required if NoLegs(555) > 0.

=> 685 LegOrderQty @OrdQty N

Quantity ordered of this leg.

See OrderQty (38) for description and valid values

=> 687 LegQty @Qty N

The LegQty(687) field is deprecated. The use of LegOrderQty(685) is recommended instead.

=> 2346 LegMidPx @MidPx N

For OTC swaps, may be used to provide the estimated mid-market mark.

=> 690 LegSwapType @SwapTyp N

For Fixed Income, used instead of LegOrderQty(685) to requests the respondent to calculate the quantity based on the quantity on the opposite side of the swap.

=> 587 LegSettlType @SettlTyp N

Indicates order settlement period. If present, LegSettlDate (588) overrides this field. If both LegSettlType (587) and LegSettDate (588) are omitted, the default for LegSettlType (587) is 0 (Regular)

Regular is defined as the default settlement period for the particular security on the exchange of execution.

In Fixed Income the contents of this field may influence the instrument definition if the LegSecurityID (602) is ambiguous. In the US an active Treasury offering may be re-opened, and for a time one CUSIP will apply to both the current and "when-issued" securities. Supplying a value of "7" clarifies the instrument description; any other value or the absence of this field should cause the respondent to default to the active issue.

Additionally the following patterns may be uses as well as enum values

Dx = FX tenor expression for "days", e.g. "D5", where "x" is any integer > 0

Mx = FX tenor expression for "months", e.g. "M3", where "x" is any integer > 0

Wx = FX tenor expression for "weeks", e.g. "W13", where "x" is any integer > 0

Yx = FX tenor expression for "years", e.g. "Y1", where "x" is any integer > 0.

Note that for FX the tenors expressed using Dx, Mx, Wx, and Yx values do not denote business days, but calendar days.

=> 588 LegSettlDate @SettlDt N

Refer to description for SettlDate[64]

=> <LegStipulations> N

Used on a multi-sided trade to convey reason for execution

=> <NestedParties> N

Used on a multi-sided trade to specify the type of trade for a given side. Same values as TrdSubType (829).

=> <LegBenchmarkCurveData> N

Used on a multi-sided trade to convey order routing information

=> 654 LegRefID @RefID N

Use of LegRefID(654) in this component is deprecated. Recommend the use of LegID(1788) in the InstrumentLeg component.