PayManagementRequest (MsgType = DY, FIXML = PayMgmtReq)

PayManagementRequest(35=DY) message is used to communicate a future or expected payment to be made or received related to a trade or contract after its settlement.

It should be noted that this message, in the context of operational communication between investment managers and their brokers, is intended to agree and confirm on payment(s) to be made or received during the life of a contract.

Tag	Field Name	FIXML	Req'd	Comments
<Standard Message Header>			Y	MsgType = DY
2812	PayRequestID	@ReqID	Y	Unique ID of the PayManagementRequest(35=DY) message.
2811	PayRequestTransType	@TxnTyp	Y	Identifies the message transaction type.
2810	PayRequestRefID	@ReqRefID	N	Required for PayRequestTransType(2811)=1 (Cancel).
2807	CancelText	@CxlTxt	N	May be used to provide reason for PayRequestTransType(2811)=1 (Cancel).
2809	EncodedCancelTextLen	@EncCxlTxtLen	N	Must be set if EncodedCancelText(2808) field is specified and must immediately precede it.
2808	EncodedCancelText	@EncCxlTxt	N	Encoded (non-ASCII characters) representation of the CancelText(2807) field in the encoded format specified via the MessageEncoding(347) field.
715	ClearingBusinessDate	@BizDt	N	The business date of the request. This may carry the same date as the payment calculation date in PostTradePaymentCalculationDate(2825).
60	TransactTime	@TxnTm	Y	Timestamp when the business transaction represented by the message occurred.
58	Text	@Txt	N	Free format text string (Note: this field does not have a specified maximum length)
354	EncodedTextLen	@EncTxtLen	N	Must be set if EncodedText(355) field is specified and must immediately precede it.
355	EncodedText	@EncTxt	N	Encoded (non-ASCII characters) representation of the Text(58) field in the encoded format specified via the MessageEncoding(347) field.
<Instrument>			N
<RelatedTradeGrp>			N	May be included to identify the trade(s) for which payments are to be made. Each instance identifies a separate trade.
<Parties>			N	Identifies the parties to the contracts or trades. The account to be debited or credited is identified in the PostTradePayment component.
<PostTradePayment>			Y
<SettlDetails>			N	Reference to a complex event elsewhere in the message.
<Standard Message Trailer>			Y

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