Message Confirmation Scenario base

SYNOPSIS: The Confirmation messages are used to provide individual trade level confirmations from the sell side to the buy side. In versions of FIX prior to version 4.4, this role was performed by the allocation message. Unlike the allocation message, the confirmation message operates at an allocation account (trade) level rather than block level, allowing for the affirmation or rejection of individual confirmations. This message is also used to report back, confirm or exception, the booking status of each allocation instance. When the buy-side, in response, "affirms" with the ConfirmationAck message, the trade is ready to settle.

ID MsgType Abbr Flow
70AKCnfm

Pedigree

Added EP Updated EP Deprecated EP
FIX.4.4

Responses

None

Members

Confirmation base members
ID Name Abbr Presence Description
1024StandardHeaderHdrrequiredSYNOPSIS: The standard FIX message header
ELABORATION:
664ConfirmIDCnfmID required SYNOPSIS: Message reference for Confirmation
772ConfirmRefIDCnfmRefID optional SYNOPSIS: Reference identifier to be used with ConfirmTransType (666) = Replace or Cancel
859ConfirmReqIDCnfmReqID optional SYNOPSIS: Unique identifier for a Confirmation Request message
666ConfirmTransTypeCnfmTransTyp required SYNOPSIS: Identifies the Confirmation transaction type
773ConfirmTypeCnfmTyp required SYNOPSIS: Identifies the type of Confirmation message being sent
797CopyMsgIndicatorCopyMsgInd optional SYNOPSIS: Indicates whether or not this message is a drop copy of another message.
650LegalConfirmLegalCnfm optional SYNOPSIS: Indicates that this message is to serve as the final and legal confirmation.
665ConfirmStatusCnfmStat required SYNOPSIS: Identifies the status of the Confirmation.
1012PartiesPtyoptionalSYNOPSIS: The Parties component block is used to identify and convey information on the entities both central and peripheral to the financial transaction represented by the FIX message containing the Parties Block. The Parties block allows many different types of entites to be expressed through use of the PartyRole field and identifies the source of the PartyID through the the PartyIDSource.
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2036OrdAllocGrpOrdAllocoptionalSYNOPSIS:
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70AllocIDAllocID optional SYNOPSIS: Unique identifier for allocation message. (Prior to FIX 4.1 this field was of type int)
793SecondaryAllocIDAllocID2 optional SYNOPSIS: Secondary allocation identifier. Unlike the AllocID (70), this can be shared across a number of allocation instruction or allocation report messages, thereby making it possible to pass an identifier for an original allocation message on multiple messages (e.g. from one party to a second to a third, across cancel and replace messages etc.).
467IndividualAllocIDIndAllocID optional SYNOPSIS: Unique identifier for a specific NoAllocs (78) repeating group instance (e.g. for an AllocAccount).
60TransactTimeTxnTm required SYNOPSIS: Time of execution/order creation (expressed in UTC (Universal Time Coordinated, also known as "GMT")
75TradeDateTrdDt required SYNOPSIS: Indicates date of trade referenced in this message in YYYYMMDD format. Absence of this field indicates current day (expressed in local time at place of trade).
1020TrdRegTimestampsTrdRegTSoptionalSYNOPSIS: The TrdRegTimestamps component block is used to express timestamps for an order or trade that are required by regulatory agencies These timesteamps are used to identify the timeframes for when an order or trade is received on the floor, received and executed by the broker, etc.
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1003InstrumentInstrmtrequiredSYNOPSIS: The Instrument component block contains all the fields commonly used to describe a security or instrument. Typically the data elements in this component block are considered the static data of a security, data that may be commonly found in a security master database. The Instrument component block can be used to describe any asset type supported by FIX.
ELABORATION:
1004InstrumentExtensionInstrmtExtoptionalSYNOPSIS: The InstrumentExtension component block identifies additional security attributes that are more commonly found for Fixed Income securities.
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1002FinancingDetailsFinDetlsoptionalSYNOPSIS: Component block is optionally used only for financing deals to identify the legal agreement under which the deal was made and other unique characteristics of the transaction. The AgreementDesc field refers to base standard documents such as MRA 1996 Repurchase Agreement, GMRA 2000 Bills Transaction (U.K.), MSLA 1993 Securities Loan – Amended 1998, for example.
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2066UndInstrmtGrpUndlyrequiredSYNOPSIS:
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2019InstrmtLegGrpLegrequiredSYNOPSIS:
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1022YieldDataYieldoptionalSYNOPSIS: The YieldData component block conveys yield information for a given Fixed Income security.
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80AllocQtyQty required SYNOPSIS: Quantity to be allocated to specific sub-account (Prior to FIX 4.2 this field was of type int)
854QtyTypeQtyTyp optional SYNOPSIS: Type of quantity specified in a quantity field
54SideSide required SYNOPSIS: Side of order
15CurrencyCcy optional SYNOPSIS: Identifies currency used for price. Absence of this field is interpreted as the default for the security. It is recommended that systems provide the currency value whenever possible. See "Appendix 6-A: Valid Currency Codes" for information on obtaining valid values.
30LastMktLastMkt optional SYNOPSIS: Market of execution for last fill, or an indication of the market where an order was routed Valid values: See "Appendix 6-C"
2013CpctyConfGrpCpctyrequiredSYNOPSIS:
ELABORATION:
79AllocAccountAcct required SYNOPSIS: Sub-account mnemonic
661AllocAcctIDSourceActIDSrc optional SYNOPSIS: Used to identify the source of the AllocAccount (79) code. See AcctIDSource (660) for valid values.
798AllocAccountTypeAcctTyp optional SYNOPSIS: Type of account associated with a confirmation or other trade-level message
6AvgPxAvgPx required SYNOPSIS: Calculated average price of all fills on this order. For Fixed Income trades AvgPx is always expressed as percent-of-par, regardless of the PriceType (423) of LastPx (3). I.e., AvgPx will contain an average of percent-of-par values (see LastParPx (669)) for issues traded in Yield, Spread or Discount.
74AvgPxPrecisionAvgPxPrcsn optional SYNOPSIS: Indicates number of decimal places to be used for average pricing. Absence of this field indicates that default precision arranged by the broker/institution is to be used.
423PriceTypePxTyp optional SYNOPSIS: Code to represent the price type
860AvgParPxAvgParPx optional SYNOPSIS: Used to express average price as percent of par (used where AvgPx field is expressed in some other way)
1018SpreadOrBenchmarkCurveDataSprdBnchmkCurveoptionalSYNOPSIS: The SpreadOrBenchmarkCurveData component block is primarily used for Fixed Income to convey spread to a benchmark security or curve.
ELABORATION:
861ReportedPxRptedPx optional SYNOPSIS: Reported price (used to differentiate from AvgPx on a confirmation of a marked-up or marked-down principal trade)
58TextTxt optional SYNOPSIS: Free format text string (Note: this field does not have a specified maximum length)
354EncodedTextLenEncTxtLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) EncodedText (355) field.
355EncodedTextEncTxt optional SYNOPSIS: Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. If used, the ASCII (English) representation should also be specified in the Text field.
81ProcessCodeProcCode optional SYNOPSIS: Processing code for sub-account. Absence of this field in AllocAccount (79) / AllocPrice (366) /AllocQty (80) / ProcessCode instance indicates regular trade.
381GrossTradeAmtGrossTrdAmt required SYNOPSIS: Total amount traded (e.g. CumQty (4) * AvgPx (6)) expressed in units of currency.
157NumDaysInterestNumDaysInt optional SYNOPSIS: Number of Days of Interest for convertible bonds and fixed income. Note value may be negative.
230ExDateExDt optional SYNOPSIS: The date when a distribution of interest is deducted from a securities assets or set aside for payment to bondholders. On the ex-date, the securities price drops by the amount of the distribution (plus or minus any market activity). (Note tag # was reserved in FIX 4.1, added in FIX 4.3) (prior to FIX 4.4 field was of type UTCDate)
158AccruedInterestRateAcrdIntRt optional SYNOPSIS: The amount the buyer compensates the seller for the portion of the next coupon interest payment the seller has earned but will not receive from the issuer because the issuer will send the next coupon payment to the buyer. Accrued Interest Rate is the annualized Accrued Interest amount divided by the purchase price of the bond.
159AccruedInterestAmtAcrdIntAmt optional SYNOPSIS: Amount of Accrued Interest for convertible bonds and fixed income
738InterestAtMaturityIntAtMat optional SYNOPSIS: Amount of interest (i.e. lump-sum) at maturity.
920EndAccruedInterestAmtEndAcrdIntAmt optional SYNOPSIS: Accrued Interest Amount applicable to a financing transaction on the End Date.
921StartCashStartCsh optional SYNOPSIS: Starting dirty cash consideration of a financing deal, i.e. paid to the seller on the Start Date.
922EndCashEndCsh optional SYNOPSIS: Ending dirty cash consideration of a financing deal. i.e. reimbursed to the buyer on the End Date.
238ConcessionConcession optional SYNOPSIS: Provides the reduction in price for the secondary market in Muncipals. (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
237TotalTakedownTotTakedown optional SYNOPSIS: The price at which the securities are distributed to the different members of an underwriting group for the primary market in Municipals, total gross underwriter's spread. (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
118NetMoneyNetMny required SYNOPSIS: Total amount due as the result of the transaction (e.g. for Buy order - principal + commission + fees) reported in currency of execution.
890MaturityNetMoneyMatNetMny optional SYNOPSIS: Net Money at maturity if Zero Coupon and maturity value is different from par value
119SettlCurrAmtSettlCurrAmt optional SYNOPSIS: Total amount due expressed in settlement currency (includes the effect of the forex transaction)
120SettlCurrencySettlCcy optional SYNOPSIS: Currency code of settlement denomination.
155SettlCurrFxRateSettlCurrFxRt optional SYNOPSIS: Foreign exchange rate used to compute SettlCurrAmt (9) from Currency (5) to SettlCurrency (20)
156SettlCurrFxRateCalcSettlCurrFxRtCalc optional SYNOPSIS: Specifies whether or not SettlCurrFxRate (55) should be multiplied or divided
63SettlTypeSettlTyp optional SYNOPSIS: 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.
64SettlDateSettlDt optional SYNOPSIS: Specific date of trade settlement (SettlementDate) in YYYYMMDD format. If present, this field overrides SettlType (63). This field is required if the value of SettlType (63) is 6 (Future) or 8 (Sellers Option). This field must be omitted if the value of SettlType (63) is 7 (When and If Issued) (expressed in local time at place of settlement)
1016SettlInstructionsDataSetInstroptionalSYNOPSIS: The SettlInstructionsData component block is used to convey key information regarding standing settlement and delivery instructions. It also provides a reference to standing settlement details regarding the source, delivery instructions, and settlement parties
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1000CommissionDataCommoptionalSYNOPSIS: The CommissionDate component block is used to carry commission information such as the type of commission and the rate.
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858SharedCommissionSharedComm optional SYNOPSIS: Commission to be shared with a third party, e.g. as part of a directed brokerage commission sharing arrangement.
1019StipulationsStipoptionalSYNOPSIS: The Stipulations component block is used in Fixed Income to provide additional information on a given security. These additional information are usually not considered static data information.
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2035MiscFeesGrpMiscFeesoptionalSYNOPSIS:
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1025StandardTrailerTrlrrequiredSYNOPSIS: The standard FIX message trailer
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