Loan and deposit events

1

Hello,

I’m currently working on messages for loans and deposits. It appear that at maturity, we might want to prolongate the loan, or increase/decrease the amount.
Is there any fix tag appropriate to contain this kind of information. I was thinking about trdtype<828> with custom enumeration values

Thanks in advance for your ideas
Regards,

Olivier

2

Could you describe the current flow in terms of FIX message types and key entity fields (e.g. OrderID, SecurityID, TradeID,…) you want to use in your flow? It sounds like a simple update of specific attributes but is probably more complex than that.

3

Hello,

Thanks for your answer. We’re starting with an execution report (35=8) for an unsolicited order that we book directly in one system, and we want it reflected in a second one.
As in your first sight, Prolongate, increase or decrease can be considered as simple updates (150= G trade update), and let the target system deduce what was modified.
I was just wondering if some standard tags (even with custom enum values) would fit to indicate precisely what event occurred (or precisely what was changed)

Regards,

Olivier

4

My 2 cents, if this is about drop copies (i.e. your “unsolicited” ExecutionReport (35=8)) you could use “reinstated” (150=D) and provide a reinstatement reason in ExecRestatementReason(378) which does allow for custom values.

That’s one possibility. There may be others depending on your full workflow.

5

…should be “restated” and “restatement”