2.20 Subscription Multiple Order Confirmation

This topic provides the information on Subscription Multiple Order Confirmation.

Subscription Multiple Order Confirmation Message

This message 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 Subscription Multiple Order Confirmation message is sent, after the price has been determined, to confirm the execution of the individual orders.

A Subscription Multiple Order can generate more than one Subscription Multiple Order Confirmation message, as the valuation cycle of the financial instruments of each individual order may be different. When the executing party sends several confirmations, there is no specific indication in the message that it is an incomplete confirmation. Reconciliation must be based on the references.

A Subscription Multiple Order must in be answered by the Subscription Multiple Order Confirmation message(s) and in no circumstances by the Subscription Bulk Order Confirmation message(s).

For all incoming messages, FCIS will be able to set the status of transactions based on the individual ‘Order Reference’ number. For outgoing messages, the system will be able to generate the confirmation message only after allocation. Transactions will be grouped based on the original Multiple Order Message.

FCIS will allow generation of this message in an automated way (based on a certain event that is triggered in the system) or manually.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Subscription Multiple Order Confirmation and its tags in messages.