Component InstrumentLeg Scenario base

SYNOPSIS: The InstrumentLeg component block, like the Instrument component block, contains all the fields commonly used to describe a security or instrument. In the case of the InstrumentLeg component block it describes a security used in multileg-oriented messages.
ELABORATION:

ID Abbr
1005Leg

Pedigree

Added EP Updated EP Deprecated EP
FIX.4.3

Members

ID Name Abbr Presence Description
600LegSymbolSym optional SYNOPSIS: Multileg instrument's individual security's Symbol. See Symbol (55) field for description
601LegSymbolSfxSfx optional SYNOPSIS: Multileg instrument's individual security's SymbolSfx. See SymbolSfx (65) field for description
602LegSecurityIDID optional SYNOPSIS: Multileg instrument's individual security's SecurityID. See SecurityID (48) field for description
603LegSecurityIDSourceSrc optional SYNOPSIS: Multileg instrument's individual security's SecurityIDSource. See SecurityIDSource (22) field for description
2072LegSecAltIDGrpLegAIDoptionalSYNOPSIS:
ELABORATION:
1788LegIDLegID optional SYNOPSIS: Unique identifier for the leg within the context of a message (the scope of uniqueness to be defined by counterparty agreement). The LegID(1788) can be referenced using LegRefID(654).
607LegProductProd optional SYNOPSIS: Multileg instrument's individual security's Product. See Product (460) field for description
1594LegSecurityGroupSecGrp optional SYNOPSIS: Represents the product group of a leg.This is useful in conveying multi-leg instruments where the legs may participate in separate security groups.
608LegCFICodeCFI optional SYNOPSIS: Multileg instrument's individual security's CFICode. See CFICode (461) field for description
2893LegUPICodeUPI optional SYNOPSIS: Uniquely identifies the product of a leg instrument using ISO 4914. See UPICode(2891) for further detail.
609LegSecurityTypeSecTyp optional SYNOPSIS: Refer to definition of SecurityType(167)
764LegSecuritySubTypeSecSubTyp optional SYNOPSIS: SecuritySubType of the leg instrument. See SecuritySubType (762) field for description
610LegMaturityMonthYearMMY optional SYNOPSIS: Multileg instrument's individual security's MaturityMonthYear. See MaturityMonthYear (200) field for description
611LegMaturityDateMat optional SYNOPSIS: Multileg instrument's individual security's MaturityDate. See MaturityDate (54) field for description
1212LegMaturityTimeMatTm optional SYNOPSIS: Time of security's maturity expressed in local time with offset to UTC specified
2146LegSettleOnOpenFlagSettlOnOpenFlag optional SYNOPSIS: Indicator to determine if the instrument is to settle on open.
2147LegInstrmtAssignmentMethodAsgnMeth optional SYNOPSIS: Specifies the method under which assignment was conducted.
2148LegSecurityStatusStatus optional SYNOPSIS: Used for derivatives. Denotes the current state of the InstrumentLeg.
248LegCouponPaymentDateCpnPmt optional SYNOPSIS: Multileg instrument's individual leg security's CouponPaymentDate. See CouponPaymentDate (224) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3) (prior to FIX 4.4 field was of type UTCDate)
2149LegRestructuringTypeRestrctTyp optional SYNOPSIS: A category of CDS credit event in which the underlying bond experiences a restructuring. Used to define a CDS instrument.
2150LegSenioritySnrty optional SYNOPSIS: Specifies which issue (underlying bond) will receive payment priority in the event of a default. Used to define a CDS instrument.
2151LegNotionalPercentageOutstandingNotlPctOut optional SYNOPSIS: Indicates the notional percentage of the deal that is still outstanding based on the remaining components of the index. Used to calculate the true value of a CDS trade or position.
2152LegOriginalNotionalPercentageOutstandingOrigNotlPctOut optional SYNOPSIS: Used to reflect the Original value prior to the application of a credit event. See LegNotionalPercentageOutstanding(2151).
2153LegAttachmentPointAttchPnt optional SYNOPSIS: Lower bound percentage of the loss that the tranche can endure.
2154LegDetachmentPointDetchPnt optional SYNOPSIS: Upper bound percentage of the loss the tranche can endure.
2155LegObligationTypeObligTyp optional SYNOPSIS: Type of reference obligation for credit derivatives contracts.
2348LegAssetGroupAssetGrp optional SYNOPSIS: Indicates the broad product or asset classification. May be used to provide grouping for the product taxonomy (Product(460), SecurityType(167), etc.) and/or the risk taxonomy (AssetClass(1938), AssetSubClass(1939), AssetType(1940), etc.).
2067LegAssetClassAssetClss optional SYNOPSIS: The broad asset category for assessing risk exposure.
2068LegAssetSubClassAssetSubClss optional SYNOPSIS: The general subcategory description of the asset class.
2069LegAssetTypeAssetTyp optional SYNOPSIS: Used to provide more specific description of the asset specified in LegAssetSubClass(2068). See https://www.fixtrading.org/codelists/AssetType for code list of applicable values. ISO 4721 Currency Code values are to be used when specific currency as an asset type is to be expressed. Other values may be used by mutual agreement of the counterparties.
ELABORATION: In the context of MiFID II's this may indicate the value needed in ESMA RTS 2 Annex IV Table 2 Field 16, or ESMA RTS 23 Annex I Table 2 'Sub product' field.
2739LegAssetSubTypeAsstSubTyp optional SYNOPSIS: Used to provide a more specific description of the asset specified in LegAssetType(2069). See https://www.fixtrading.org/codelists/AssetSubType for code list of applicable values.
ELABORATION: In the context of MiFID II, ESMA RTS 23 Annex I Table 2, this may indicate the 'Further sub product' or equity 'Parameter' fields.
2232LegSecondaryAssetGrpScndryAssetoptionalSYNOPSIS: LegSecondaryAssetGrp is a repeating subcomponent of the InstrumentLeg component used to specify secondary assets of a multi-asset swap.
ELABORATION:
2242LegAssetAttributeGrpAssetAttrboptionalSYNOPSIS: The LegAssetAttributeGrp is a repeating subcomponent of the InstrumentLeg component used to detail attributes of the instrument asset.
ELABORATION:
2070LegSwapClassSwapClss optional SYNOPSIS: Swap type.
2156LegSwapSubClassSwapSubClss optional SYNOPSIS: The sub-classification or notional schedule type of the swap.
2157LegNthToDefaultNthDflt optional SYNOPSIS: The Nth reference obligation in a CDS reference basket. If specified without LegMthToDefault(2158) the default will trigger a CDS payout. If LegMthToDefault(2158) is also present then payout occurs between the Nth and Mth obligations to default.
2158LegMthToDefaultMthDflt optional SYNOPSIS: The Mth reference obligation to default in a CDS reference basket. When an NthToDefault(2157) to MthToDefault(2158) are represented then the CDS payout occurs between the Nth and Mth obligations to default.
2159LegSettledEntityMatrixSourceSettldMtrxSrc optional SYNOPSIS: Relevant settled entity matrix source.
2160LegSettledEntityMatrixPublicationDateSettldMtrxDt optional SYNOPSIS: The publication date of the applicable version of the matrix. When this element is omitted, the Standard Terms Supplement defines rules for which version of the matrix is applicable.
2161LegCouponTypeCpnTyp optional SYNOPSIS: Specifies the coupon type of the bond.
2162LegTotalIssuedAmountTotAmt optional SYNOPSIS: Specifies the total amount of the issue. Corresponds to the par value multiplied by the number of issued security.
2163LegCouponFrequencyPeriodCpnPeriod optional SYNOPSIS: Time unit multiplier for the frequency of the bond's coupon payment.
2164LegCouponFrequencyUnitCpnUnit optional SYNOPSIS: Time unit associated with the frequency of the bond's coupon payment.
2165LegCouponDayCountCpnDayCnt optional SYNOPSIS: The day count convention used in interest calculations for a bond or an interest bearing security.
2880LegCouponOtherDayCountCpnOtherDayCnt optional SYNOPSIS: The industry name of the day count convention not listed in LegCouponDayCount(2165).
2166LegConvertibleBondEquityIDCnvrtBondEqtyID optional SYNOPSIS: Identifies the equity in which a convertible bond can be converted to.
2167LegConvertibleBondEquityIDSourceCnvrtBondEqtyIDSrc optional SYNOPSIS: Identifies class or source of the LegConvertibleBondEquitySecurityID(2166) value.
2168LegContractPriceRefMonthPxRefMo optional SYNOPSIS: Reference month if there is no applicable LegMaturityMonthYear(610) value for the contract or security.
2169LegLienSeniorityLienSnrty optional SYNOPSIS: Indicates the seniority level of the lien in a loan.
2170LegLoanFacilityLoanFclty optional SYNOPSIS: Specifies the type of loan when the credit default swap's reference obligation is a loan.
2171LegReferenceEntityTypeRefEntityTyp optional SYNOPSIS: Specifies the type of reference entity for first-to-default CDS basket contracts.
2172LegIndexSeriesNdxSeries optional SYNOPSIS: The series identifier of a credit default swap index.
2173LegIndexAnnexVersionNdxAnxVer optional SYNOPSIS: The version of a credit default swap index annex.
2174LegIndexAnnexDateNdxAnxDt optional SYNOPSIS: The date of a credit default swap index series annex.
2175LegIndexAnnexSourceNdxAnxSrc optional SYNOPSIS: The source of a credit default swap series annex.
2176LegSettlRateIndexSettlNdx optional SYNOPSIS: In an outright or forward commodity trade that is cash settled this is the index used to determine the cash payment.
2177LegSettlRateIndexLocationSettlNdxLctn optional SYNOPSIS: This is an optional qualifying attribute of LegSettlementRateIndex(2176) such as the delivery zone for an electricity contract.
2178LegOptionExpirationDescExpDesc optional SYNOPSIS: Description of the option expiration.
2179EncodedLegOptionExpirationDescLenEncExpDescLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) EncodedLegOptionExpirationDesc(2180) field.
2180EncodedLegOptionExpirationDescEncExpDesc optional SYNOPSIS: Encoded (non-ASCII characters) representation of the LegOptionExpirationDesc(2178) field in the encoded format specified via the MessageEncoding (347) field. If used, the ASCII (English) representation should also be specified in the LegOptionExpirationDesc(2178).
249LegIssueDateIssued optional SYNOPSIS: Multileg instrument's individual leg security's IssueDate. See IssueDate (225) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3) (prior to FIX 4.4 field was of type UTCDate)
250LegRepoCollateralSecurityTypeRepoCollSecTyp optional SYNOPSIS: Multileg instrument's individual leg security's RepoCollateralSecurityType. See RepoCollateralSecurityType (239) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
251LegRepurchaseTermRepoTrm optional SYNOPSIS: Multileg instrument's individual leg security's RepurchaseTerm. See RepurchaseTerm (226) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
252LegRepurchaseRateRepoRt optional SYNOPSIS: Multileg instrument's individual leg security's RepurchaseRate. See RepurchaseRate (227) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
253LegFactorFctr optional SYNOPSIS: Multileg instrument's individual leg security's Factor. See Factor (228) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
257LegCreditRatingCrdRtg optional SYNOPSIS: Multileg instrument's individual leg security's CreditRating. See CreditRating (255) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3)
599LegInstrRegistryRgstry optional SYNOPSIS: Multileg instrument's individual leg security's InstrRegistry. See InstrRegistry (543) field for description
596LegCountryOfIssueCtry optional SYNOPSIS: Multileg instrument's individual leg security's CountryOfIssue. See CountryOfIssue (470) field for description
597LegStateOrProvinceOfIssueStOrProvnc optional SYNOPSIS: Multileg instrument's individual leg security's StateOrProvinceOfIssue. See StateOrProvinceOfIssue (471) field for description
598LegLocaleOfIssueLcl optional SYNOPSIS: Multileg instrument's individual leg security's LocaleOfIssue. See LocaleOfIssue (472) field for description
254LegRedemptionDateRedeem optional SYNOPSIS: Multileg instrument's individual leg security's RedemptionDate. See RedemptionDate (240) field for description (Note tag # was reserved in FIX 4.1, added in FIX 4.3) (prior to FIX 4.4 field was of type UTCDate)
612LegStrikePriceStrk optional SYNOPSIS: Multileg instrument's individual security's StrikePrice. See StrikePrice (202) field for description
942LegStrikeCurrencyStrkCcy optional SYNOPSIS: Currency in which the strike price of a instrument leg of a multileg instrument is denominated
2181LegStrikeMultiplierStrkMult optional SYNOPSIS: Used for derivatives. Multiplier applied to the strike price for the purpose of calculating the settlement value.
2182LegStrikeValueStrkValu optional SYNOPSIS: The number of shares/units for the financial instrument involved in the option trade. Used for derivatives.
2183LegStrikeUnitOfMeasureStrkUOM optional SYNOPSIS: Used to express the unit of measure (UOM) of the price if different from the contract.
2184LegStrikeIndexStrkNdx optional SYNOPSIS: Specifies the index used to calculate the strike price.
2604LegStrikeIndexCurvePointStrkNdxPnt optional SYNOPSIS: The point on the floating rate index curve. Sample values: M = combination of a number between 1-12 and an "M" for month, e.g. 3M Y = combination of number between 1-100 and a "Y" for year, e.g. 10Y 10Y-OLD = see above, then add "-OLD" when appropriate INTERPOLATED = the point is mathematically derived 2/2031 5 3/8 = the point is stated via a combination of maturity month / year and coupon.
2185LegStrikeIndexSpreadStrkSpread optional SYNOPSIS: Specifies the strike price offset from the named index.
2605LegStrikeIndexQuoteStrkNdxQte optional SYNOPSIS: The quote side from which the index price is to be determined.
2186LegStrikePriceDeterminationMethodStrkPxDtrmnMeth optional SYNOPSIS: Specifies how the strike price is determined at the point of option exercise. The strike may be fixed throughout the life of the option, set at expiration to the value of the underlying, set to the average value of the underlying , or set to the optimal value of the underlying.
2187LegStrikePriceBoundaryMethodStrkPxBndryMeth optional SYNOPSIS: Specifies the boundary condition to be used for the strike price relative to the underlying price at the point of option exercise.
2188LegStrikePriceBoundaryPrecisionStrkPxBndryPrcsn optional SYNOPSIS: Used in combination with StrikePriceBoundaryMethod(2187) to specify the percentage of the strike price in relation to the underlying price. The percentage is generally 100 or greater for puts and 100 or less for calls.
2189LegUnderlyingPriceDeterminationMethodPxDtrmnMeth optional SYNOPSIS: Specifies how the underlying price is determined at the point of option exercise. The underlying price may be set to the current settlement price, set to a special reference, set to the optimal value of the underlying during the defined period ("Look-back") or set to the average value of the underlying during the defined period ("Asian option").
613LegOptAttributeOptA optional SYNOPSIS: Multileg instrument's individual security's OptAttribute. See OptAttribute (206) field for description
614LegContractMultiplierCmult optional SYNOPSIS: Multileg instrument's individual security's ContractMultiplier. See ContractMultiplier (23) field for description
1436LegContractMultiplierUnitMultTyp optional SYNOPSIS: "Indicates the type of multiplier being applied to the contract. Can be optionally used to further define what unit LegContractMultiplier(tag 614) is expressed in.
2354LegTradingUnitPeriodMultiplierTrdgUnitPeriodMult optional SYNOPSIS: Indicates the number of contract periods associated with the minimum trading unit for a given contract duration resulting in the number of total traded contracts.
ELABORATION: As an example, 456 is the number of off-peak periods for a product with a minimum trading unit of 5 MWh resulting in 2280 total traded contracts.
1440LegFlowScheduleTypeFlowSchedTyp optional SYNOPSIS: The industry standard flow schedule by which electricity or natural gas is traded. Schedules exist by regions and on-peak and off-peak status, such as "Western Peak".
2190LegMinPriceIncrementMinPxIncr optional SYNOPSIS: Minimum price increment for a given exchange-traded instrument. Could also be used to represent tick value.
2191LegMinPriceIncrementAmountMinPxIncrAmt optional SYNOPSIS: Minimum price increment amount associated with the LegMinPriceIncrement(2190). For listed derivatives, the value can be calculated by multiplying LegMinPriceIncrement(2190) by LegContractMultiplier(614).
999LegUnitOfMeasureUOM optional SYNOPSIS: Refer to defintion of UnitOfMeasure(996)
1224LegUnitOfMeasureQtyUOMQty optional SYNOPSIS: Refer to definition of UnitOfMeasureQty(1147)
1720LegUnitOfMeasureCurrencyUOMCcy optional SYNOPSIS: Indicates the currency of the unit of measure. Conditionally required when LegUnitOfMeasure(999) = Ccy
1421LegPriceUnitOfMeasurePxUOM optional SYNOPSIS: Refer to definition for PriceUnitOfMeasure(1191)
1422LegPriceUnitOfMeasureQtyPxUOMQty optional SYNOPSIS: Refer to definition of PriceUnitOfMeasureQty(1192)
1721LegPriceUnitOfMeasureCurrencyPxUOMCcy optional SYNOPSIS: Indicates the currency of the price unit of measure. Conditionally required when LegPriceUnitOfMeasure(1421) = Ccy
2192LegSettlMethodSettlMeth optional SYNOPSIS: Settlement method for a contract or instrument. Additional values may be used with bilateral agreement.
1001LegTimeUnitTmUnit optional SYNOPSIS: Same as TimeUnit.
1420LegExerciseStyleExerStyle optional SYNOPSIS: Type of exercise of a derivatives security
2193LegOptPayoutTypeOptPayoutTyp optional SYNOPSIS: Indicates the type of valuation method or trigger payout for an in-the-money option.
2194LegOptPayoutAmountOptPayAmt optional SYNOPSIS: Cash amount indicating the pay out associated with an option. For binary options this is a fixed amount.
2755LegReturnTriggerRtnTrgr optional SYNOPSIS: Indicates the type of return or payout trigger for the swap or forward.
2195LegPriceQuoteMethodPxQteMeth optional SYNOPSIS: Specifies the method for price quotation.
2196LegValuationMethodValMeth optional SYNOPSIS: Specifies the type of valuation method applied.
2197LegValuationSourceValSrc optional SYNOPSIS: Specifies the source of trade valuation data.
2198LegValuationReferenceModelValRefModel optional SYNOPSIS: Specifies the methodology and/or assumptions used to generate the trade value.
1528LegPriceQuoteCurrencyPxQteCcy optional SYNOPSIS: Default currency in which the price is quoted. Defined at the instrument level. Used in place of Currency (tag 15) to express the currency of a product when the former is implemented as the FX dealt currency.
2199LegListMethodListMeth optional SYNOPSIS: Indicates whether instruments are pre-listed only or can also be defined via user request.
2200LegCapPriceCapPx optional SYNOPSIS: Used to express the ceiling price of a capped call.
2201LegFloorPriceFlrPx optional SYNOPSIS: Used to express the floor price of a capped put.
2202LegFlexibleIndicatorFlexInd optional SYNOPSIS: Used to indicate a derivatives security that can be defined using flexible terms. The terms commonly permitted to be defined by market participants are expiration date and strike price. FlexibleIndicator is an alternative to LegCFICode(608) Standard/Non-standard attribute.
2203LegFlexProductEligibilityIndicatorFlexProdElig optional SYNOPSIS: Used to indicate if a product or group of product supports the creation of flexible securities.
615LegCouponRateCpnRt optional SYNOPSIS: Multileg instrument's individual security's CouponRate. See CouponRate (223) field for description
616LegSecurityExchangeExch optional SYNOPSIS: Multileg instrument's individual security's SecurityExchange. See SecurityExchange (207) field for description
2205LegPositionLimitPosLmt optional SYNOPSIS: Position Limit for a given exchange-traded product.
2206LegNTPositionLimitNTPosLmt optional SYNOPSIS: Position limit in the near-term contract for a given exchange-traded product.
617LegIssuerIssr optional SYNOPSIS: Multileg instrument's individual security's Issuer. See Issuer (106) field for description
618EncodedLegIssuerLenEncLegIssrLen optional SYNOPSIS: Multileg instrument's individual security's EncodedIssuerLen. See EncodedIssuerLen (348) field for description
619EncodedLegIssuerEncLegIssr optional SYNOPSIS: Multileg instrument's individual security's EncodedIssuer. See EncodedIssuer (349) field for description
2740LegFinancialInstrumentShortNameShrtName optional SYNOPSIS: Short name of the financial instrument. Uses ISO 18774 (FISN) values.
ELABORATION: In the context of MiFID II this maps to ESMA RTS 23 Annex I Table 3 Field 7 and may be used in other RTS that requires a similar field.
2717LegFinancialInstrumentFullNameFullName optional SYNOPSIS: The full normative name of the multileg's financial instrument.
ELABORATION: In the context of ESMA reference data, this is used to provide the full name of the instrument as defined by the Derivatives Service Bureau (DSB).
2718EncodedLegFinancialInstrumentFullNameLenEncFullNameLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) individual multileg instrument's EncodedLegFinancialInstrumentFullName(2719).
2719EncodedLegFinancialInstrumentFullNameEncFullName optional SYNOPSIS: Encoded (non-ASCII characters) representation of the LegFinancialInstrumentFullName(2717) field in the encoded format specified via the MessageEncoding(347) field. If used, the ASCII (English) representation should also be specified in the LegFinancialInstrumentFullName(2717) field.
620LegSecurityDescDesc optional SYNOPSIS: Description of a multileg instrument. Can be used by the venue or one of the trading parties to provide an optional non-normative textual description of the financial instrument.
621EncodedLegSecurityDescLenEncLegSecDescLen optional SYNOPSIS: Multileg instrument's individual security's EncodedSecurityDescLen. See EncodedSecurityDescLen (350) field for description
622EncodedLegSecurityDescEncLegSecDesc optional SYNOPSIS: Multileg instrument's individual security's EncodedSecurityDesc. See EncodedSecurityDesc (35) field for description
2212LegSecurityXMLSecXMLoptionalSYNOPSIS: The LegSecurityXML component is used to provide a definition in an XML format for the leg instrument.
ELABORATION: See "Specifying an FpML product specification from within the FIX Instrument Block" in Volume 1 of the FIX Specification for more information on using this component block with FpML as a guideline.
2207LegCPProgramCPPgm optional SYNOPSIS: The program under which a commercial paper is issued.
2208LegCPRegTypeCPRegTyp optional SYNOPSIS: The registration type of a commercial paper issuance.
623LegRatioQtyRatioQty optional SYNOPSIS: The ratio of quantity for this individual leg relative to the entire multileg security.
624LegSideSide optional SYNOPSIS: The side of this individual leg (multileg security). See Side (54) field for description and values
556LegCurrencyCcy optional SYNOPSIS: Currency associated with a particular Leg's quantity
740LegPoolPool optional SYNOPSIS: For Fixed Income, identifies MBS / ABS pool for a specific leg of a multi-leg instrument. See Pool (691) for description and valid values.
739LegDatedDateDated optional SYNOPSIS: The effective date of a new securities issue determined by its underwriters. Often but not always the same as the Issue Date and the Interest Accrual Date
955LegContractSettlMonthCSetMo optional SYNOPSIS: Specifies when the contract (i.e. MBS/TBA) will settle.
956LegInterestAccrualDateIntAcrl optional SYNOPSIS: The start date used for calculating accrued interest on debt instruments which are being sold between interest payment dates. Often but not always the same as the Issue Date and the Dated Date
1358LegPutOrCallPutCall optional SYNOPSIS: Indicates whether a leg option contract is a put, call, chooser or undetermined.
2682LegInTheMoneyConditionITMCond optional SYNOPSIS: Specifies an option instrument's "in the money" condition in general terms.
2686LegContraryInstructionEligibilityIndicatorCntraryInstEligInd optional SYNOPSIS: Identifies whether the option instrument is eligible for contrary instructions at the time of exercise. The contrariness of an instruction will be determined in the context of LegInTheMoneyCondition(2682). When not specified, the eligibility is undefined or not applicable.
1017LegOptionRatioLegOptionRatio optional SYNOPSIS: Expresses the risk of an option leg Value must be between -1 and 1. A Call Option will require a ratio value between 0 and 1 A Put Option will require a ratio value between -1 and 0
566LegPricePx optional SYNOPSIS: Price for leg of a multileg See Price (44) field for description
2231LegEvntGrpEvntoptionalSYNOPSIS: The LegEvntGrp is a repeating subcomponent of the InstrumentLeg component used to specify straightforward events associated with the instrument. Examples include put and call dates for bonds and options; first exercise date for options; inventory and delivery dates for commodities; start, end and roll dates for swaps. Use LegComplexEvents for more advanced dates such as option, futures, commodities and equity swap observation and pricing events.
ELABORATION: The LegEvntGrp contains three different methods to express a "time" associated with the event using the LegEventDate(2061) and LegEventTime(2062) pair of fields or the LegEventTimeUnit(2063) and LegEventTimePeriod(2064) pair of fields or LegEventMonthYear(2341). The LegEventDate(2061), and optional LegEventTime(2062), may be used to express an exact date and optional time for the event. The LegEventTimeUnit(2063) and LegEventTimePeriod(2064) may be used to express a time period associated with the event, e.g. 3-month, 4-years, 2-weeks. The LegEventMonthYear(2341), and optional LegEventTime(2062), may be used to express the event as a month of year, with optional day of month or week of month. Either LegEventDate(2061) or LegEventMonthYear(2341), and the optional LegEventTime(2062), must be specified or LegEventTimeUnit(2063) and LegEventTimePeriod(2064) must be specified. The LegEventMonthYear(2341) may be used instead of LegEventDate(2061) when month-year, with optional day of month or week of month, is required instead of a date.
2239LegInstrumentPartiesPtyoptionalSYNOPSIS: The use of this component block is restricted to instrument definition only and is not permitted to contain transactional information. Only a specified subset of party roles will be supported within the LegInstrumentParty block.
ELABORATION:
2209LegShortSaleRestrictionShrtRstctn optional SYNOPSIS: Indicates whether a restriction applies to short selling a security.
2236LegComplexEventsCmplxEvntoptionalSYNOPSIS: The LegComplexEvent Group is a repeating block which allows specifying an unlimited number and types of advanced events, such as observation and pricing over the lifetime of an option, futures, commodities or equity swap contract. Use LegEvntGrp to specify more straightforward events.
ELABORATION:
2211LegStrategyTypeStrtTyp optional SYNOPSIS: Specifies the type of trade strategy.
2212LegCommonPricingIndicatorCmnPxng optional SYNOPSIS: When this element is specified and set to 'Y', it indicates that common pricing applies. Common pricing may be relevant for a transaction that references more than one commodity reference price.
2213LegSettlDisruptionProvisionSettlDsrptnProv optional SYNOPSIS: Specifies the consequences of bullion settlement disruption events.
2754LegDeliveryRouteOrCharterRteChrtr optional SYNOPSIS: Specific delivery route or time charter average. Applicable to commodity freight contracts.
2214LegInstrumentRoundingDirectionRndDirctn optional SYNOPSIS: Specifies the rounding direction if not overridden elsewhere.
ELABORATION: Applicable for complex FX option strategies.
2215LegInstrumentRoundingPrecisionRndPrcsn optional SYNOPSIS: Specifies the rounding precision in terms of a number of decimal places. Note how a percentage rate rounding of 5 decimal places is expressed as a rounding precision of 7.
4087LegDateAdjustmentDtAdjmtoptionalSYNOPSIS: LegDateAdjustment is a subcomponent within the InstrumentLeg component. It is used to specify date adjustment parameters and rules. The date adjustments specified here applies to all adjustable dates for the instrument leg, unless specifically overridden elsewhere in the respective specified components further within the InstrumentLeg component.
ELABORATION:
4229LegPricingDateTimePxngDtTmoptionalSYNOPSIS: The LegPricingDateTime component is a subcomponent of InstrumentLeg used to specify an adjusted or unadjusted pricing or fixing date and optionally the time, e.g. for a commodity or FX forward trade.
ELABORATION:
4210LegMarketDisruptionMktDsrptnoptionalSYNOPSIS: The LegMarketDisruption component is a subcomponent of the InstrumentLeg used to specify the market disruption provisions of the swap.
ELABORATION:
4214LegOptionExerciseOptExeroptionalSYNOPSIS: The LegOptionExercise component is a subcomponent of the InstrumentLeg component used to specify option exercise provisions. Its purpose is to identify the opportunities and conditions for exercise, e.g. the schedule of dates on which exercise is allowed. The embedded LegOptionExerciseExpiration component is used to terminate the opportunity for exercise.
ELABORATION:
4031LegStreamGrpStrmoptionalSYNOPSIS: The LegStreamGrp is a repeating subcomponent of the InstrumentLeg component used to detail the swap streams associated with the instrument.
ELABORATION: A swap will ordinarily have one or two streams. Each one may contain a LegStreamDesc(40243) with a descriptive string such as "Float" or "Fixed". However the choice of description should have no effect on the stream's purpose. LegStreamPaySide(40244) and LegStreamReceiveSide(40245) link the appropriate swap parties to their role in the stream. In pre-trade messages the side value (e.g. Side(54) field) of the request or order should be "1" (Buy) or "2" (Sell), and LegStreamPaySide(40244) and LegStreamReceiveSide(40245) should be set to the same side value indicating the aggressor's desired role. On fills and post-trade messages, the executing firm takes the opposite side and indicates its role by setting LegStreamPaySide(40244) and LegStreamReceiveSide(40245) to the opposite side of the aggressor's role.
4046LegProvisionGrpProvoptionalSYNOPSIS: The LegProvisionGrp is a repeating subcomponent of the InstrumentLeg component used to detail the provisions associated with the instrument.
ELABORATION: A swap may have one or more provisions.
4187LegAdditionalTermGrpAddtnlTrmoptionalSYNOPSIS: The LegAdditionalTermGrp is a repeating subcomponent of the InstrumentLeg component used to report additional contract terms.
ELABORATION:
4231LegProtectionTermGrpProtctnTrmoptionalSYNOPSIS: The LegProtectionTermGrp is a repeating component within the InstrumentLeg component used to report protection term details.
ELABORATION:
4190LegCashSettlTermGrpCashSettlTrmoptionalSYNOPSIS: The LegCashSettlTermGrp is a repeating component within the InstrumentLeg component used to report cash settlement terms.
ELABORATION: Usage of LegCashSettlTermGrp must either include a known LegCashSettlAmount(41357) or provide the cash settlement term parameters needed to derive the cash settlement amount. LegCashSettlTermXID(41362) is provided for cross-referencing from an instance of the UnderlyingInstrument component through the UnderlyingSettlTermXIDRef(41315) field.
4226LegPhysicalSettlTermGrpPhysSettlTrmoptionalSYNOPSIS: The LegPhysicalSettlTermGrp is a repeating component within the InstrumentLeg component used to report physical settlement terms.
ELABORATION:
4337LegExtraordinaryEventGrpExtrordEvntoptionalSYNOPSIS: The LegExtraordinaryEventGrp is a repeating component within the InstrumentLeg component. It is used to report extraordinary and disruptive events applicable to the reference entity that affects the contract.
ELABORATION:
2606LegExtraordinaryEventAdjustmentMethodExtrordEvntAdjMeth optional SYNOPSIS: Defines how adjustments will be made to the contract should one or more of the extraordinary events occur.
2607LegExchangeLookAlikeExchLookAlike optional SYNOPSIS: For a share option trade, indicates whether the instrument is to be treated as an 'exchange look-alike'.
ELABORATION: This designation has significance for how share adjustments (arising from corporate actions) will be determined for the instrument. For an 'exchange look-alike' instrument the relevant share adjustments will follow that for a corresponding designated contract listed on the related exchange (referred to as Options Exchange Adjustment (ISDA defined term)), otherwise the share adjustments will be determined by the calculation agent (referred to as Calculation Agent Adjustment (ISDA defined term)).