FIX TAG 13

CommType

charAdded FIX.2.7

Definition

Specifies the basis or unit used to calculate the total commission based on the rate.

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

FIX 5.0 SP2 FIX Latest · EP309

Commission type

Specifies the basis or unit used to calculate the total commission based on the rate.

7Basis points
Additional source detail
The commission is expressed in basis points in reference to the gross price of the reference asset.
8Amount per contract
Additional source detail
Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention.

Value	FIX 5.0 SP2	FIX Latest · EP309
`1`	Per Unit (implying shares, par, currency, etc.)	Amount per unit Additional source detail Implying shares, par, currency, physical unit etc. Use CommissionUnitOfMeasure(1238) to clarify for commodities.
`3`	Absolute (total monetary amount)	Absolute Additional source detail Total monetary amount.
`4`	Percentage waived - cash discount (for CIV buy orders)	Percentage waived, cash discount basis Additional source detail For use with CIV buy orders.
`5`	Percentage waived -= enhanced units (for CIV buy orders)	Percentage waived, enhanced units basis Additional source detail For use with CIV buy orders.
`6`	Points per bond or contract (supply ContractMultiplier (231) in the <Instrument> component block if the object security is denominated in a size other than the industry default - 1000 par for bonds)	Points per bond or contract Additional source detail Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention, e.g. 1000 par for bonds.

Value	Meaning
`1`	Amount per unit Additional detail from the official source Implying shares, par, currency, physical unit etc. Use CommissionUnitOfMeasure(2644) to clarify for commodities.
`2`	Percent
`3`	Absolute Additional detail from the official source Total monetary amount.
`4`	Percentage waived, cash discount basis Additional detail from the official source For use with CIV buy orders.
`5`	Percentage waived, enhanced units basis Additional detail from the official source For use with CIV buy orders.
`6`	Points per bond or contract Additional detail from the official source Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention, e.g. 1000 par for bonds.
`7`	Basis points Additional detail from the official source The commission is expressed in basis points in reference to the gross price of the reference asset.
`8`	Amount per contract Additional detail from the official source Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention.

About the char data type

Single character value, can include any alphanumeric character or punctuation except the delimiter. All char fields are case sensitive (i.e. m != M).

Used in messages 18

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