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FIXtags

FIX TAG 2656

AllocCommissionBasis

charAdded FIX.5.0SP2 · EP204

Definition

Specifies the basis or unit used to calculate the commission.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

Values 8

ValueMeaning
1

Amount per unit

Additional detail from the official source

Implying shares, par, currency, physical unit etc. Use CommissionUnitOfMeasure(2644) to clarify for commodities.

2

Percent

3

Absolute

Additional detail from the official source

Total monetary amount.

4

Percentage waived, cash discount basis

Additional detail from the official source

For use with CIV buy orders.

5

Percentage waived, enhanced units basis

Additional detail from the official source

For use with CIV buy orders.

6

Points per bond or contract

Additional detail from the official source

Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention, e.g. 1000 par for bonds.

7

Basis points

Additional detail from the official source

The commission is expressed in basis points in reference to the gross price of the reference asset.

8

Amount per contract

Additional detail from the official source

Specify ContractMultiplier(231) in the Instrument component if the security is denominated in a size other than the market convention.

About the char data type

Single character value, can include any alphanumeric character or punctuation except the delimiter. All char fields are case sensitive (i.e. m != M).

Used in messages 6

Includes nested components and repeating groups. Open a location to see its surrounding requirements.