Imported from previous forum
Hi All
What are the fix tags used in FIX5.0 for the below fields which are used for Repos trading.
- Repurchace Term
- Repurchase Rate
I found that in FIX 4.4 tag 226 and 227 had been used for the same ,but they are no longer available with FIX5.0.
Appreciate your feedback on this.
GayanG
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
- Deprecated various FIX 4.3-introduced “Repo” Fields [deprecated in FIX 4.4]
Deprecated the following fields from , , and component blocks: RepoCollateralSecurityType (239), RepurchaseTerm (226), RepurchaseRate (227), UnderlyingRepoCollateralSecurityType (243), UnderlyingRepurchaseTerm (244), UnderlyingRepurchaseRate (245), LegRepoCollateralSecurityType (250), LegRepurchaseTerm (251), LegRepurchaseRate (252). The RepoCollateralSecurityType (239) field is satisfied with UnderlyingSecurityType (310), RepurchaseTerm (226) by TerminationType (788), RepurchaseRate (227) by Price (44). The corresponding Underlying… and Leg… equivalents have no meaning. FIX 4.4 introduced significant enhancements to support Product=“Financing” (e.g. Repos).
Hi All
What are the fix tags used in FIX5.0 for the below fields which are used for Repos trading.
- Repurchace Term
- Repurchase Rate
I found that in FIX 4.4 tag 226 and 227 had been used for the same ,but they are no longer available with FIX5.0.
Appreciate your feedback on this.
GayanG
Hi Hanno
Thank you very much for your quick reply.
GayanG
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
- Deprecated various FIX 4.3-introduced “Repo” Fields [deprecated in FIX 4.4]
Deprecated the following fields from , , and component blocks: RepoCollateralSecurityType (239), RepurchaseTerm (226), RepurchaseRate (227), UnderlyingRepoCollateralSecurityType (243), UnderlyingRepurchaseTerm (244), UnderlyingRepurchaseRate (245), LegRepoCollateralSecurityType (250), LegRepurchaseTerm (251), LegRepurchaseRate (252). The RepoCollateralSecurityType (239) field is satisfied with UnderlyingSecurityType (310), RepurchaseTerm (226) by TerminationType (788), RepurchaseRate (227) by Price (44). The corresponding Underlying… and Leg… equivalents have no meaning. FIX 4.4 introduced significant enhancements to support Product=“Financing” (e.g. Repos).Hi All
What are the fix tags used in FIX5.0 for the below fields which are used for Repos trading.
- Repurchace Term
- Repurchase Rate
I found that in FIX 4.4 tag 226 and 227 had been used for the same ,but they are no longer available with FIX5.0.
Appreciate your feedback on this.
GayanG
I have added the deprecation notes in Appendix 6-E to these fields in FIXwiki (Welcome fixwiki.org - BlueHost.com and Welcome fixwiki.org - BlueHost.com)
For completeness I have added deprecation notes for all fields, messages and values in Appendix 6-E to the relevant FIXwiki pages.
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
Thank you very much, another useful addition to the FIXwiki which is intended to be more dynamic and able to capture more context information than FIXimate. As the example shows, people tend to look online for information and do not browse through long spec documents.
I have added the deprecation notes in Appendix 6-E to these fields in FIXwiki (Welcome fixwiki.org - BlueHost.com and Welcome fixwiki.org - BlueHost.com)
For completeness I have added deprecation notes for all fields, messages and values in Appendix 6-E to the relevant FIXwiki pages.
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
Also in Volume 7 of the Specification document set, within the Fixed Income section there is a subsection called “Repurchase Agreements (Repos)and Collateral Management”. The table in this section maps the common business terms to how it should be represented it in FIX. Please keep in mind that this table was put together as part of the FIX 4.4 release when FIX was significantly enhanced for FI and have not be updated since.
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
- Deprecated various FIX 4.3-introduced “Repo” Fields [deprecated in FIX 4.4]
Deprecated the following fields from , , and component blocks: RepoCollateralSecurityType (239), RepurchaseTerm (226), RepurchaseRate (227), UnderlyingRepoCollateralSecurityType (243), UnderlyingRepurchaseTerm (244), UnderlyingRepurchaseRate (245), LegRepoCollateralSecurityType (250), LegRepurchaseTerm (251), LegRepurchaseRate (252). The RepoCollateralSecurityType (239) field is satisfied with UnderlyingSecurityType (310), RepurchaseTerm (226) by TerminationType (788), RepurchaseRate (227) by Price (44). The corresponding Underlying… and Leg… equivalents have no meaning. FIX 4.4 introduced significant enhancements to support Product=“Financing” (e.g. Repos).Hi All
What are the fix tags used in FIX5.0 for the below fields which are used for Repos trading.
- Repurchace Term
- Repurchase Rate
I found that in FIX 4.4 tag 226 and 227 had been used for the same ,but they are no longer available with FIX5.0.
Appreciate your feedback on this.
GayanG
I have updated the various SecurityType values in FIXwiki to refer to the appropriate Volume 7 guidelines. For example, Welcome fixwiki.org - BlueHost.com refers the reader to the Volume 7 Fixed Income section Lisa refers to below.
Also in Volume 7 of the Specification document set, within the Fixed Income section there is a subsection called “Repurchase Agreements (Repos)and Collateral Management”. The table in this section maps the common business terms to how it should be represented it in FIX. Please keep in mind that this table was put together as part of the FIX 4.4 release when FIX was significantly enhanced for FI and have not be updated since.
Please check Volume 6 of the FIX Specification for deprecated fields. The change is described in Appendix 6-E #5 as follows:
- Deprecated various FIX 4.3-introduced “Repo” Fields [deprecated in FIX 4.4]
Deprecated the following fields from , , and component blocks: RepoCollateralSecurityType (239), RepurchaseTerm (226), RepurchaseRate (227), UnderlyingRepoCollateralSecurityType (243), UnderlyingRepurchaseTerm (244), UnderlyingRepurchaseRate (245), LegRepoCollateralSecurityType (250), LegRepurchaseTerm (251), LegRepurchaseRate (252). The RepoCollateralSecurityType (239) field is satisfied with UnderlyingSecurityType (310), RepurchaseTerm (226) by TerminationType (788), RepurchaseRate (227) by Price (44). The corresponding Underlying… and Leg… equivalents have no meaning. FIX 4.4 introduced significant enhancements to support Product=“Financing” (e.g. Repos).Hi All
What are the fix tags used in FIX5.0 for the below fields which are used for Repos trading.
- Repurchace Term
- Repurchase Rate
I found that in FIX 4.4 tag 226 and 227 had been used for the same ,but they are no longer available with FIX5.0.
Appreciate your feedback on this.
GayanG