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FIXtags

FIX TAG 63

SettlmntTyp

charAdded FIX.2.7

Definition

Indicates order settlement period. Absence of this field is interpreted as Regular. Regular is defined as the default settlement period for the particular security on the exchange of execution.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 4.4 FIX 4.2

PropertyFIX 4.4FIX 4.2
NameSettlTypeSettlmntTyp

Definition text changed

FIX 4.4

Indicates order settlement period. If present, SettlDate (64) overrides this field. If both SettlType (63) and SettDate (64) are omitted, the default for SettlType (63) 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 SecurityID (48) 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.

FIX 4.2

Indicates order settlement period. Absence of this field is interpreted as Regular. Regular is defined as the default settlement period for the particular security on the exchange of execution.

Value text or deprecation changed 2

ValueFIX 4.4FIX 4.2
2Next Day (T+1)Next Day
7When And If IssuedWhen Issued

Values 10

ValueMeaning
0

Regular

1

Cash

2

Next Day

3

T+2

4

T+3

5

T+4

6

Future

7

When Issued

8

Sellers Option

9

T+ 5

About the char data type

Single character value, can include any alphanumeric character or punctuation except the delimiter. All char fields are case sensitive

Used in messages 7

Includes nested components and repeating groups. Open a location to see its surrounding requirements.