2.29 Order Instruction Status Report

This topic provides information on Order Instruction Status Report.

Order Instruction Status Report Message

The Order Instruction Status Report is sent by an executing party to an instructing party. There may be one or more intermediary parties between the executing party and the instructing party.

The Order Instruction Status Report message is sent by an executing party to the instructing party to report on the status of a subscription, redemption or a switch order. The message can be used to report one of the following:

• Status of the order instruction (using a code). For example, ‘Accepted’, ‘Already Executed’
• Cancelled status
• Conditionally accepted status
• Rejected status
• Suspended status
• In repair status (individual orders only)
• Repaired conditions (individual orders only)

Further information about the repair, unmatched, rejected or pending settlement statuses must be specified using either codes or unstructured information.

For subscription and redemption orders, this message covers both bulk and multiple categories of orders, and this message may provide the status either at the bulk or at the individual level. For a switch order, however, the message provides the status of the whole order. It is not possible to accept one leg and to reject the other leg. The entire switch order has to be rejected. In order to identify which leg within the switch is causing a problem, the switch order leg identification is used.

FCIS will receive the ‘Order Instruction Status Report’ in response to ‘Request For Order Status’ message generated. This information will be used to set the status of individual orders. FCIS will generate the ‘Order Instruction Status Report’ in response to the ‘Request For Order Status’ message received, provided the Message Identification number communicated to FCIS in the tag Previous Reference relates to bulk / multiple or switch order, as cancellation is reported through a different message.

For Switch order responses, FCIS will reply with the status under the Order Details Report section as it is not possible to accept one leg of the switch and reject another leg. For other orders, FCIS will reply with the status under Individual Order Details Report section. However, if the original message has been suppressed or has not been processed, FCIS will report the failure under the section Order Details Report  Suspended.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Order Instruction Status Report and its tags in messages.