GROUP · SOURCE ID 2192
PayCollectGrp
Definition
The Pay Collect Group component block is a repeatable block intended to report individual pay/collect items to be considered when calculating net settlement.
Additional detail from the official source
A Pay/Collect is a payment or collection of funds by the clearing house to/from a clearing firm for a specific reason. Pay/Collects are typically netted to a single amount and factored into the firm’s daily net settlement. Values are to be maintained by an external code list. The currency of the pay/collect amount may be optionally included.
This is a reusable definition. Requiredness is relative to this structure; its use and conditions in a message remain on that message's page. Version links browse the other dictionary, not an assumed equivalent component.
Direct members
Used in messages
Direct parent structures
No parent component or group in this snapshot.