Component Block - <SettlParties (settlement parties)> 

The <SettlParties> component block is used in a similar manner as <Parties> Block within the context of settlement instruction messages to distinguish between parties involved in the settlement and parties who are expected to execute the settlement process.

Used in:

Tag Field Name Req'd Comments
781 NoSettlPartyIDs N Repeating group below should contain unique combinations of SettlPartyID, SettlPartyIDSource, and SettlPartyRole
=> 782 SettlPartyID N Used to identify source of SettlPartyID. Required if SettlPartyIDSource (783) is specified. Required if NoSettlPartyIDs (781) > 0.
=> 783 SettlPartyIDSource N Used to identify class source of SettlPartyID (782) value (e.g. BIC). Required if SettlPartyID (782) is specified. Required if NoSettlPartyIDs (781) > 0.
=> 784 SettlPartyRole N Identifies the type of SettlPartyID (782) (e.g. Executing Broker). Required if NoSettlPartyIDs (781) > 0.
=> 801 NoSettlPartySubIDs N
=> => 785 SettlPartySubID N
=> => 786 SettlPartySubIDType N