[This message was posted by Lisa Taikitsadaporn of Brook Path Partners, Inc. <[email protected]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/7280c308 - PLEASE DO NOT REPLY BY MAIL.]
When this was designed we do not feel any of the fields in the FinancialDetails component should be part of the core Instrument block. That said, FinancingDetails component exists in a lot of different messages already where Instrument component also exists. Nothing prevents you from using the fields in FinancingDetails in conjunction with the Instrument block to define your "standardized" repo. Like I said in my earlier reply, if you find you need the FinancingDetails block in a message where it doesn't exist let us know and we will consider adding it. > So, does anyone know why FinancingDetails shouldn't be part of the > Instrument? We have all the fields that allow one to specify an > Instrument as a REPO, Product (460), SecurityType (167), SecuritySubType > (762), but there is no way to indicate the TerminationType (788) or the > Start and End Dates (916, 917) or the other fields of > <FinancingDetails>. > > > > Exactly, I want to be able to accept orders and provide market data > > quote updates on a standard overnight gcf repo. > > > > > The FinancingDetails component block is a separate component block > > > from the Instrument component block. The FinancingDetails component > > > block is in many messages including IOI, Order messages, Quote > > > messages, TradeCapture messages. > > > > > > Which messages are you looking to use? By "standardize a financing > > > arrangement" are you looking to defined a "standardized" repo to be > > > traded? > > > > > > > I'd like to be able to offer clients a standard ON REPO. The > > > > problem I'm running into is the lack of a FinancingDetails block > > > > in the Instrument definition. > > > > > > > > FinancingDetails is associated only with IOIs and NewOrder... > > > > messages. Is there any way in the existing specification to > > > > standardize a financing arrangement as an Instrument? [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
