2.19 Subscription Multiple Order

This topic provides the information on Subscription Multiple Order.

Subscription Multiple Order Message

This message is sent by an instructing party to an executing party. There may be one or more intermediary parties between the instructing party and the executing party. The Subscription Multiple Order message is used to subscribe to different financial instruments for the same investment account. It can result in one single bulk cash settlement or several individual cash settlements.

This message can also be used for single orders, i.e., a message containing one order for one financial instrument and related to one investment account.

The Subscription Multiple Order message, and not the Subscription Bulk Order message, must be used for a single order.

FCIS will allow generation of this message in an automated way (based on an event triggered) or manually. The grouping of multiple orders is driven by investment account and not the fund, as in the Subscription Bulk Order message.

This topic contains the following sub-topics:

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