Allocation Instruction Ack <P> message – FIX 4.4 – FIX Dictionary

FIX 4.4 : Allocation Instruction Ack <P> message

Description

In versions of FIX prior to version 4.4, this message was known as the Allocation ACK message.

The Allocation Instruction Ack <P> message is used to acknowledge the receipt of and provide status for an Allocation Instruction <J> message.

The status is indicated by the AllocStatus <87> field as follows:

AllocStatus <87> value	Description
3 = received, not yet processed	Used to acknowledge receipt of an Allocation Instruction <J> message. This should always be followed by a second Allocation Instruction Ack <P> of status 0, 1 or 2 as follows or an Allocation Report <AS> message.
0 = accepted	The Allocation Instruction <J> has been validated and processed successfully.
1 = block level reject	The entire Allocation Instruction <J> has been rejected. The AllocRejCode <88> (88) field must be populated when performing a block level reject; this gives the reason for rejecting the Allocation Instruction <J>.
2 = account level reject	The Allocation Instruction <J> has been validated and one or more of the AllocAccount <79> details in the NoAllocs <78> repeating group has failed validation (e.g. account not found). In this case, it is possible (though not mandatory) to include a list of the AllocAccount <79> details that failed validation together with reject reasons.

For an Allocation Instruction Ack <P> message with AllocStatus <87> of 'Accepted' in response to an Allocation Instruction <J> with AllocType <626> of 'Calculated', it is recommended that the MatchStatus <573> field be used to denote whether any financial details provided in the 'Calculated' Allocation Instruction <J> were matched by the Respondent. If a match takes place and succeeds, then the match status will be '0-Compared and affirmed'. If the match takes place and fails, or no match takes place, then the match status will be '1-Uncompared or unaffirmed'.

Structure

Tag		Field Name	Req'd	Comments
<MessageHeader>			Y	MsgType <35> = P
70		AllocID	Y
Component Block - <Parties>			N	Insert here the set of "<Parties>" (firm identification) fields defined in "COMMON COMPONENTS OF APPLICATION MESSAGES"
793		SecondaryAllocID	N	Optional second identifier for the allocation instruction being acknowledged (need not be unique)
75		TradeDate	N
60		TransactTime	Y	Date/Time Allocation Instruction Ack <P> generated
87		AllocStatus	Y	Denotes the status of the allocation instruction; received (but not yet processed), rejected (at block or account level) or accepted (and processed).
88		AllocRejCode	N	Required for AllocStatus <87> = 1 ( block level reject) and for AllocStatus <87> 2 (account level reject) if the individual accounts and reject reasons are not provided in this message
626		AllocType	N
808		AllocIntermedReqType	N	Required if AllocType <626> = 8 (Request to Intermediary) Indicates status that is requested to be transmitted to counterparty by the intermediary (i.e. clearing house)
573		MatchStatus	N	Denotes whether the financial details provided on the Allocation Instruction <J> were successfully matched.
460		Product	N
167		SecurityType	N
58		Text	N	Can include explanation for AllocRejCode <88> = 7 (other)
354		EncodedTextLen	N	Must be set if EncodedText <355> field is specified and must immediately precede it.
355		EncodedText	N	Encoded (non-ASCII characters) representation of the Text <58> field in the encoded format specified via the MessageEncoding <347> field.
78		NoAllocs	N	This repeating group is optionally used for messages with AllocStatus <87> = 2 (account level reject) to provide details of the individual accounts that caused the rejection, together with reject reasons. This group should not be populated when AllocStatus <87> has any other value. Indicates number of allocation groups to follow.
=>	79	AllocAccount	N	Required if NoAllocs <78> > 0. Must be first field in repeating group.
=>	661	AllocAcctIDSource	N
=>	366	AllocPrice	N	Used when performing 'executed price' vs. 'average price' allocations (e.g. Japan). AllocAccount <79> plus AllocPrice <366> form a unique Allocs entry. Used in lieu of AllocAvgPx <153>.
=>	467	IndividualAllocID	N
=>	776	IndividualAllocRejCode	N	Required if NoAllocs <78> > 0.
=>	161	AllocText	N	Free format Text <58> field related to this AllocAccount <79> (can be used here to hold text relating to the rejection of this AllocAccount <79>)
=>	360	EncodedAllocTextLen	N	Must be set if EncodedAllocText <361> field is specified and must immediately precede it.
=>	361	EncodedAllocText	N	Encoded (non-ASCII characters) representation of the AllocText <161> field in the encoded format specified via the MessageEncoding <347> field.
<MessageTrailer>			Y

Related Messages

Allocation Report <AS>

Allocation Instruction <J>

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