[This message was posted by Jay Hurley of Morgan Stanley <[email protected]> to the "Foreign Exchange" discussion forum at http://fixprotocol.org/discuss/1. You can reply to it on-line at http://fixprotocol.org/discuss/read/cc53218c - PLEASE DO NOT REPLY BY MAIL.]
For ON trades there are cut off times for payments being made - these are currency specific e.g. AUD is much earlier than CAD. The FX FIX spec does not delve into the depths of cash payments. This is a different concept from TK/NY cuts which are options expiry times. Regards, Jay > Thank you, Jim. I appreciate it. > > > Robert - I will look into this a little bit. Hopefully someone else > > from the GFXC Tech Subcommittee can provide a comment. > > > > > I am by no means expert, but for an ON TN or SN trade isn't it > > > important to identify the cutoff time? From vol. 7 they seem to just > > > assume NY cutoff. > > > > > > > > > > Is cutoff required for FX Forwards? You can check volume 7 of the > > > > latest FIX specification for usage for FX Forwards. > > > > > > > > We are proposing some enhancements to address cutoff for OTC FX > > > > options > > > > - the initial proposal was presented to the GFXC Tech subcommittee > > > > a couple of weeks ago. We are proposing a CutoffZone (with code > > > > list to be maintained by FPL) and a Cutoff Time (HH:MM:SS). > > > > > > > > > Hi All, > > > > > > > > > > Sorry for the newbie question, but where does one specific NY or > > > > > Tokyo Cutoff in specifying an FX Forward? > > > > > > > > > > Thanks! [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.
