NOTE: Payment In Kind – Preferred corporate action messages require Event Type (tag 55) set to PIK for message routing to the correct XML processing rule.
The following table describes the required and optional data fields for Payments In Kind – Preferred.
Tag # – Tag Name |
Required/Optional |
Data Type |
Value/Description of Field |
|---|---|---|---|
1076 – Update Indicator |
Required |
CHAR |
Y/N indicator used within message stream process. Valid values: |
55 – Event Type |
Required |
CHAR |
Defaults on panel. Used by message stream for identification of the event. Must be PIK. Used for STAR processing. |
1197 – Sweep Date |
Optional |
DATE |
Ability to override message stream logic for setting a date. Valid values: |
1432 – XReference ID Type |
Required |
CHAR (30) |
Security identifier type (CUSIP, ISIN, SEDOL) – Code Value. |
14 – XReference ID |
Required |
CHAR (100) |
Security identifier. |
4003 – Original Source |
Optional |
VARCHAR2 (15) |
Original Source of the announcement. |
1695 – Client Specific ID |
Optional |
VARCHAR2 (50) |
Client generated ID for corporate action event. |
1264 – Pre Action Price |
Optional |
NUMBER (28,12) |
Price pre action. |
319 – Post Action Price/Subscription Price |
Required |
NUMBER (28,12) |
Price post action/subscription price. |
1728 – Corporate Action Type |
Required |
VARCHAR2 (50) |
PAYMENT IN KIND PREFERRED, PIK. |
65 – Ex Date |
Required |
DATE |
Event ex date. |
1694 – Record Date |
Optional |
DATE |
Record Date of the event. |
1260 – Announcement Date |
Optional |
DATE |
Announcement Date of the event. |
1275 – Pay Date |
Required |
DATE |
Pay Date of the event. |
54 – Corporate Action Status |
Required |
VARCHAR2 (2) |
Valid values: |
3961 – Corporate Action Sub Priority |
Required |
INTEGER |
Defaults to 1. Priority used if there are multiple events on the same day. |
3965 – Treatment of Fractional Shares |
Required |
VARCHAR2 (3) |
How Fractional Shares are to be handled. Valid values: |
1734 – Mandatory / Voluntary Indicator |
Required |
CHAR (2) |
Defaults to M. Mandatory or Voluntary event indicator. Valid values: |
1740 – Corporate Action Notes |
Optional |
VARCHAR2 (255) |
|
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