fpml:settlementInformation

The information required to settle a currency payment.

Element information

Content

• Choice [1..1]
  • fpml:standardSettlementStyle    An optional element used to describe how a trade will settle. This defines a scheme and is used for identifying trades that are identified as settling standard and/or flagged for settlement netting.
  • fpml:settlementInstruction    An explicit specification of how a currency payment is to be made, when the payment is not netted and the route is other than the recipient's standard settlement instruction.

Attributes

None

Used in

• Type fpml:PaymentDetails (Element fpml:paymentDetails)

Sample instance

<settlementInformation>
   <settlementInstruction>
      <settlementMethod>SWIFT</settlementMethod>
      <correspondentInformation>
         <routingIds>
            <routingId routingIdCodeScheme="http://www.fpml.org/coding-scheme/external/iso9362">UBSWGB2L</routingId>
         </routingIds>
      </correspondentInformation>
      <beneficiaryBank>
         <routingIds>
            <routingId routingIdCodeScheme="http://www.fpml.org/coding-scheme/external/iso9362">CITIGB2L</routingId>
         </routingIds>
      </beneficiaryBank>
      <beneficiary>
         <routingIds>
            <routingId routingIdCodeScheme="http://www.fpml.org/coding-scheme/external/iso9362">CITIUS33</routingId>
         </routingIds>
      </beneficiary>
   </settlementInstruction>
</settlementInformation>