Settlement Obligation Report

BQ Settlement Obligation Report

This message provides a central counterparty, institution, or individual counterparty with a capacity for reporting the final details of a currency settlement obligation. The settlement obligation is intended to be used for auxiliary reporting of settlement details that will be conducted over SWIFT or CLS in order to affect the instructions.

The structure is designed to allow multiple FX deals to be aggregated and netted into a single instruction to simplify the reporting process.

This message can be used in one of two modes, with SettlObligMode (1159):

Preliminary - the instructions have been generated prior to final cutoff and information is still subject to change up until cutoff has been reached
Final - the instructions have been generated with final settlement information which cannot subsequently be changed for the current settlement period

See VOLUME 7 - "PRODUCT: FOREIGN EXCHANGE" section for more detailed usage notes for this message type.

Structure

Tag	Name	Type	Description
	StandardHeader	Component
	ApplicationSequenceControl	Component
715	ClearingBusinessDate	LocalMktDate
1153	SettlementCycleNo	Int	Settlement cycle in which the settlement obligation was generated
1160	SettlObligMsgID	String	Unique identifier for this message
1159	SettlObligMode	Int Enum	Used to identify the reporting mode of the settlement obligation which is either preliminary or final
58	Text	String	Can be used to provide any additional rejection text where rejecting a Settlement Instruction Request message
354	EncodedTextLen	Length
355	EncodedText	Data
60	TransactTime	UTCTimestamp	Time when the Settlemnt Obligation Report was created
	SettlObligationInstructions	Component
	StandardTrailer	Component