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Re: Give Up Reference
Matthew Wolfe / The Options Clearing Corp.
7 Aug 2007 9:40AM ET

At OCC, we use AllocInd to indicate the desire to give-up a trade and Party Id="(Give-Up Firm)" with Role="14".

> > Is there a standard Fix Tag used for Give-up reference?
> >
> > i.e. The account provided indicates that the execution broker should
> > give-up to clearing broker X. The give-up reference contains
> > information relevant to clearing broker X, such as the end
> > account, commission type etc.
> >
> > I want to avoid using Tag 55=Text and can't find anything on the
> > website (i.e. custom tags) when searching on give-ups, step-outs, etc.
> ------------------------------------------------------------
> Update: On the repeating "Allocation Account" group it seems
> logical to have
> - NestedParty PartyRole 4 (Clearing Firm)
> - NestedParty PartyRole 24 (Customer Account) i.e. give-up reference
>
> I'd be grateful to hear if people agree/disagree with this. Thanks

Give Up Reference
Steve Hollings / UBS   31 Jul 2007 11:44AM ET

Re: Give Up Reference
Steve Hollings / UBS   7 Aug 2007 5:36AM ET

Re: Give Up Reference
Matthew Wolfe / The Options Clearing Corp.   7 Aug 2007 9:40AM ET